Pipcrawler

Tomorrow morning we have one of the most volatile, market moving reports in the U.S. Non-Farm Payroll report. It is a very dangerous report to play and I recommend to take the trading day off since we’re up +67 pips for the week. For those of you who still want to trade I recommend waiting …

We saw strong movements after the early morning E-12 reports, but not enough to enter our trade levels. This pair has been in range trading mode for a couple of days, and I would suspect it will continue that way through the end of the week. No trade.

From the consolidation, we see a breakout during the euro trading session. A strong move downward triggered our short trade, and within the next five hours we reach full profit potential. Hopefully, everyone caught some pips! Short trade entered: Lot 1: +20 pips Lot 2: +47 pips Total: +67 pips

As I stated a couple picks earlier, I would keep an eye for a short trade on this pair. It looks like it’s going to close below the trendline drawn. It has also made a few attempts to break the 144.44 price level, but no luck. EUR/JPY has already started another move down, so now …

GBP/USD went into range mode this evening after the strong move due to U.S. Treasury Secretary Snow leaving his position. Traders are sitting on the sidelines waiting for a catalyst now and hopefully we can find one with the GfK Consumer Confidence report later. It’s consensus number is inline with the previous at -4, so …

It looks like EUR/JPY found support at the 50 sma and 100 sma, and broke previous highs with a strong move during the beginning of the euro session. I’m going to keep an eye on this pair for a move short still. On the daily chart the pair is trading sideways at the top of …

The Euro has made a nice run up in the last few weeks against many pairs, not just the dollar. It looks like this run has been exhausted on the hourly chart as I have pointed out a head and shoulders pattern. You can even pick out a double top on the right side of …

It seems in the last few days this pair has been stuck in a range between the 23% and 32% Fibonacci area. It looks like the correction may be exhausted and a continuation of a bullish run up may be in store for the Aussie. No trade was entered from this recommendation, but I will …

After the open of the US trading session we saw a big drop in the pair which hit the bottom of the channel shown. We entered long at S2 line and saw a quick rise to hit our pt2. Unfortunately, the pair rose so fast it hit our long order and it trended for the …

For those of you who have checked out my signals blog, you already know that I’m heading to Europe for a little bit of rest and relaxation. So, today’s pick is actually a “Pick of the Week.” This is a little bit longer term trade idea to hold it down until the end of next …