Pipcrawler

We saw great numbers out of the US current account and consumer confidence reports on Friday, and that helped our short play on the AUD/USD. Our short play was triggered during the euro session and ended with the pair hitting pt2 a few hours later. We finally see a winning trade after a choppy and …

Monday: -72 pips Tuesday: No trade Wednesday: -60 pips Thursday: +55 pips Total: -77 pips

Man, it’s been a tough week to trade, and yesterday was no different. We saw our short order trigger and stop out during the euro session. I still think this pair is going to break out to the downside, but the question is “when?” I guess we won’t know until it happens. Lot 1: -30 …

This pair has been trending to the downside, but recently we’ve seen a nice run up. This is most likely due to a bounce back in metals in which the Aussie dollar has a strong correlation to, and recent mixed news coming out of the US. Like they always say, “the trend is your friend” …

Since mid May the USD has risen against CHF steadily, and recently we’ve seen a sideways, ranging pattern in the currency pair. There was a strong move to the upside in an attempt to break the range, but it looks like it wasn’t enough. Now, we’re seeing lower highs and lower lows on the 1 …

There wasn’t enough movement to the upside, even after the CPI report, for a trigger of a very a conservative entry point. No trade entered.

After the release of the reports, we saw fast movement in the markets, and a lot of whipsaw action. Our short trade was entered, but soon after, the volatility cause the pair to hit our stop out level. News reports are definitely difficult to trade, and today was no exception. Lot 1: -36 pips Lot …

We are seeing a continued move to the downside in AUD/USD, so in tonight’s pick, we will hopefully catch this move at a great price. It’s looks like the pair is stalling and back in range mode momentarily, but with tomorrow’s CPI data, we may see some volatility as this number has been highly anticipated …

We have a big week for the USD starting with tomorrow morning at 8:30 am EST. US Producer Price Index and Retail Sales will be released tomorrow morning, along with comments from Fed Chairman Bernanke. It’s been all about inflation lately for the Fed, and the numbers we will see tomorrow and Wednesday may help …

Monday: +31 pips Tuesday: +70 pips Wednesday: No Trade Thursday: -60 pips Total: +41 pips