Pipcrawler

Early in the morning, before the US markets started trading we saw a spike in the pair. It triggered the short entry order at 1.1150. Unfortunately, the 30 pips stop wasn’t enough to weather the whipsaw. Actually it wasn’t enough by 3 pips!!! Doh!!! After the stop out, the pair dropped back down to hit …

Monday: No trade Tuesday: +72 pips Wednesday: -40 pips Thursday: -60 pips Total: -28 pips

06/01/06 – 06/02/06 +00 pips 06/05/06 – 06/09/06 +41 pips 06/12/06 – 06/16/06 -77 pips 06/19/06 – 06/23/06 +146 pips 06/26/06 – 06/30/06 -28 pips June Total: +82 pips

USD/CAD has been ranging between 1.1300 and 1.100, and it looks like it’s in a downward trend at the moment. After today’s US interest rate hike the pair made a strong move downward and I believe we may see a continuation of that move during the euro session. I’m thinking one of two scenarios may …

The Fed raised rates from 5.00% to 5.25%, and as expected with a 25 bps raised the dollar fell. Within the hour GBP/USD gained almost 200 pips, but to be honest I stayed out of the trade due to the fact that the pair drifted farther and farther away from our long entry point at …

We had a profitable trade today as EUR/JPY bounced back up as soon as it hit our entry point at 145.70. In just a couple of hours we saw it hit pt1 for +20 pips, while we had to wait until 5 pm EST to close lot 2 for +52 pips. Congrats to those went …

Please read entire post! Tomorrow is a big day as traders have been anticipating the FOMC rate decision for what seems like forever now. We’ve seen much debate in the media (from economists, market pundits, traders, etc.) and quite frankly, it’s still up in the air on what will happen tomorrow. Market consensus is calling …

Without any significant economic reports tomorrow, I had to look for a purely technical play. Because of the lack of reports, I expect low volatility and range trading, but I think I’ve found a nice play in EUR/JPY. We’ve been watching the euro rising again and I think with a correction we can jump into …

For those of you who have been watching NZD/USD, you’ve seen a considerable drop in this pair, and now that it’s broken the previous daily low of 0.6141 we should see a further decline. Today’s new home sales report was a surprise of 1.23 million new homes, in which the market was expecting a decline. …

For those of you who have been watching NZD/USD, you’ve seen a considerable drop in this pair, and now that it’s broken the previous daily low of 0.6141 we should see a further decline. Today’s new home sales report was a surprise of 1.23 million new homes, in which the market was expecting a decline. …