Pipcrawler

We just saw the release of the Dec. Durable Goods report with a solid number at +3.1%. November’s number was revised up to +2.2%. The Dollar got a little boost from the news and our trade, which entered during the morning Euro trading session, hit pt1 and half of our position was closed locking in +20 pips.

With all of the significant data for the Dollar and Euro having been released today, it doesn’t look like traders are excited about neither of these currencies. Again, we saw a slightly weaker German Ifo Business Climate Index number and

We hit profitability last night as the Greenback gained broad strength against the majors during the morning Euro trading session. Both profit targets were easily hit for a total of +70 pips, even before we saw

As expected, currencies broke out of their trading rangegs today and we managed to catch a reversal with today’s trade. As soon as EUR/JPY hit pt1 the pair shot back up and triggered our break even stop. So, we have locked in 20 pips with half a position and…

The Loonie unexpectedly sold off against the majors today. I can’t seem to find the reasoning for the sell off at the moment, but whatever the case may be our trade was stopped out for a small -40 pips. Again, price action earlier alerted us to…

As expected, USD/JPY did rally after the Bank of Japan decided to keep rates at 0.25%. Unfortunately for our trade, the pair didn’t find resistance right at our stop, around 121.40. It looks like the fundamental aspect outweighed the technical aspect of the trade and…

Our trade was triggered this morning as AUDUSD retraced as expected. US data came out this morning with the headline PPI number higher than expected at 0.9% and the core number slightly higher at 0.2%. The TIC data came out at a net $68.4 billion. Pretty good number, but way lower than the forecasts at roughly $82.5 billion. Also, the index of industrial production came out higher than expected at 0.4%. So …

Our trade triggered approximately 8:30 am EST this morning, but it looks like the pair has found resistance at 237.00. UK CPI reports came out better than expected, which appearantly did nothing to help our trade. Because price action isn’t what I was expecting…

Our trade triggered in the early US hours, and after weathering some whipsaw action, pt1 was hit! We closed the first half of our position and locked in +30 pips, then moved the stop on the second half of our trade to breakeven. The second half of our position…

EURUSD spiked up this morning around 7:00 am EST, probably with the help of a surprise rate hike by the Bank of England to raise rates to 5.25% while ECB keeps rates at 3.50%. Our short trade was triggered at 1.3000 and pt1 was hit before Trichet’s commentary. There was a lot to go through his speech, but basically he said the ECB will…