Pipcrawler

As you can see, after the BoJ statement the pair whipsawed up and then made a move down. The BoJ announced an end to their quantitative easing policy, which could possibly lead to a raise in the interest rates, which hasn’t happened in like a gazillion years(ok, maybe not that long). With an announcement like …

Even after the BoJ announced the end to their quantitative easing policy the EURJPY remained range bound. So we’ll look to do a support/resistance play. If the trade does not hit by 8:00 am EST tomorrow please cancel any entry orders. Short at 141.30 Stop loss at 141.55 First Profit Target at 141.20 Second Profit …

Alright kiddies. Today’s pick really isn’t a set it and forget it trade. Tonight the Bank of Japan is coming out with the Interest Rate Statement 11:00 pm EST. Now for those of you who watch our morning analysis know we stay away from the market during big news events. I think only the most …

The pair triggered my short entry order at 1.3086. Unfortunately, my 30 pips stop wasn’t enough space for it to move before it went back down. So, it’s 30 pips down whether you went for the first profit target or the second profit target.

This trade ended up pretty well. Our first profit target was hit and then 2 hours later the aggressive profit target was hit. Congrats on those who took this trade and made some pips.

No major economic news coming out tomorrow for the US dollar or the swissy, so this a straight technical play. If the pair moves up go long for 10 pips at 1.3205 with a 30 pips stop. For those who want more pips, move the stop to breakeven after 10 pips are made and go …

This is a pure technical play since there aren’t any major news coming out for the NZDUSD until Wednesday. If the pair manages to make it up all the way to the 38% fib line then it could possibly make it’s way back up to the pivot point. I will buy NZDUSD at 0.6574 and …

We had 3 trades entered this week. I always go for just 10 pips, but I also have aggressive targets for those looking for more. So, in my review I post if 10 pips were hit, then what happens if you were going for the second target instead (assuming you were asleep and didn’t move …

I pulled up the 10 min chart to show the price action on this pick. Basically, after the short trade was triggered my target of 10 pips was hit 30 minutes later and then went back up. For all those who took the aggressive target and didn’t move your stop, you would have been stopped …

On this chart I see a strong move to the downside, so I drew a fib retracement line to see where the pair may possibly go. As you can see the 50 SMA, Pivot point, and 38% fib line are all lining up perfectly indicating a very strong resistance point. I will enter short here …