Pipcrawler

On Friday, we saw the pair trade higher during the euro session and our short trade was triggered. Unfortunately, the pair just going higher and we were stopped out a couple of hours after the trade triggered. Lot 1: -30 pips Lot 2: -30 pips Total: -60 pips P.S. – Don’t forget to check out …

Well, the ECB raised rates 25 basis points to 2.75% and we did not see the highly unlikely raise of 50 basis points that would have caused EUR/USD to hit our entry. After the report was released we saw the dollar gain a lot of ground today, and it moved far, far away from our …

The US dollar has been gaining some ground against the Aussie dollar, so I’ve decided to jump in the downtrend of this pair. The pair has tested the .7400 handle, retraced, and it’s back down again, barely keeping it’s head about that level. Because AUD/USD is in a downtrend I’m looking for a short play …

We saw further correction in the pair last night, and it was enough to trigger our long play at 144.76. Soon after the entry, pt1 was hit, while it took the rest of the trading day for the pair to reach pt2. Good job to those who caught some pips! Lot1: +22 pips Lot2: +48 …

Usually, I don’t ever really touch this currency pair for my “Pick of the Day” because it’s Big Pippin’s thing, but how could I pass up a trade on it with an ECB interest rate decision tomorrow morning! Now all the markets pundits are saying that a 25 basis point rate hike is “guaranteed,” while …

As suspected, we saw dollar buying at the beginning of the euro session open. Shortly after the open there was a strong reversal, but not enough to hit our stop loss level. Dollar buying resumed and we saw pt1 hit, and then we closed our position at 5 pm EST. Hopefully, everyone caught some pips! …

We see the euro trending higher against the yen in the past few weeks on the back of positive economic reports out of the euro zone. The pair has hit the top of the channel drawn, so I’m looking to enter long with the trend with a retracement down at the bottom of the middle …

We have a pretty good looking chart on NZD/USD tonight. As you can see on the left of the chart, there was a pretty strong move in favor of the US dollar against the New Zealand dollar. I drew a Fibonacci retracement and it looks like the pair retraced back to the 61% fib line …

Monday: No trade Tuesday: No trade Wednesday: +67 pips Thursday: No trade TOTAL: +67 pips

The Non-Farm Payroll report came worse than expected….way worse! The number of jobs created was a very low 75K, way below the consensus of 170K. It seems the US economy seems to be slowing down which is bad news for the US dollar. The market is now going to be on the lookout for the …