Pipcrawler

As you can see from the chart the loonie made a strong move which triggered our trade and within the next hour hit PT1. Closed out one half of the position and moved stop to breakeven for the other half. Unfortunately, the other half was stopped out within the next fews hours. We netted 17 …

Well, we had a pretty good week. Hope everyone caught some pips with me! Good luck trading this week. Monday +14 pips Tuesday +82 pips Wednesday -7 pips Thursday +17 pips Total: +106 pips

The loonie has been on a nice run against the dollar, and I think with the pull back it is a nice time to go with the trend and rising commodity prices! Short USD/CAD at 1.1377, stop at 1.1429, PT1 at1.1360, PT2 at 1.1320 Remember to close half of position when the first profit target …

In last night’s trade we some some volatility after the E-12 CPI report that caused the pair to trigger our long order. Unfortunately, there was strong movement that caused the pair to drop and stop out at a 50 pip loss. Fortunately, I kept the other trade order open! It triggered our short order and …

Tomorrow morning at 5:00 am EST we have the release of the E-12 CPI report. The number is forecasted to be at 2.2% and any number over 2.0% is considered to be above ECB’s “neutral rate” This number will be closely watched and may give insight on whether the ECB will hike rates in May …

First, I’d like to apologize for not being able to have this Pick up on the site at 12:00 am EST. We’ve had some technical issues lately. I did, however, post my pick on some of the well known forex forums, so hopefully some of you caught it there. For those who did, what a …

Yestersday’s pick came within 6 pips of hitting PT1 before it reversed back and made another attempt to drop. I recommended closing all postions at 3 pm EST. I closed at 1.2729 for a gain of 14 pips.

Later tomorrow morning we have the Bank of England releasing the minutes from their meeting approximately 2 weeks earlier. We will be looking for volatility from any surprise insight on future rate moves or an unexpected vote count. Long GBP/USD at 1.7848, stop at 1.7800, PT1 at 1.7888, PT2 at 1.7930 Or Short GBP/USD at …

I hope everyone had a great three day weekend. As we came back from a few days of deserved rest and relaxation, we saw a big a sell off in the US dollar, even with a surprisingly strong TIC number. Amidst this sell off was the lack of European traders in the mix, so we …

Sorry, no charts today due to technical difficulties I won’t have the abilities to post charts up. Until then I won’t be able to do a daily pick, so keep checking back or for those of you signed up for the newsletter, we’ll send you folks an email. Again, I apologize for any inconvenience. On …