Pipcrawler

Today’s pick will be on the EURJPY again, but this time a little trickier. I drew a fib line on the 4hr chart and as you can see we have a couple of resistance points lining up; most notably the 61.8% fib and the S1 line. In the morning we have the E-12 PPI and …

The were no breaks of the SMA’s or pivot areas, so no trades entered on yesterdays pick.

In yesterday’s pick the pair broke to the upside and easily hit 10 pips and the aggressive target of the R2 line at .7407. I hope everyone did well on this one.

Today’s pick on the EURJPY. We have several economic reports coming out of the E-12 region and today’s entries should take advantage of any breakouts from any surprise news reports. I will go long with a break and candle close above the R2 line and 100 SMA. Going for 10 pips as usual and my …

Today’s pick is a basic pivot play. I have this feeling the pair is going to run up to the SMA’s and then move back down, but to be safe I will wait for a break of the S1 line to enter. So, wait for a break and a candle close of at least 5 …

We had two open trades during the week. One winner and one loser. Now it would have been two winners, but I was a little too tight on the EURJPY stop recommendation. It’s okay though. We made a plan and followed it which makes them both successful trades. So for the week I’m down -19 …

A strong move in the morning hours had this pair easily break the moving averages and hit 10 pips. If you were more aggressive you could have possibly hit 60 – 70 pips easily on this trade.

Today’s pick is a basic play. We have the NZDUSD downtrending. It’s a chart we’ve all seen plenty of times. Sometimes there’s a break to the upside to the 200 SMA then reversal, but this time I think it will go down from the 100 SMA. So with a break of the pivot and 50 …

Today’s pick is on the good ol’ swissy… I like a short play on the pair but here’s a setup if it goes in either direction. If makes a strong move up I will probably enter long with a candle close above the 76.4% fib retracement line. I will place my stop at about the …

Well, it looks like the pair made a strong move to the downside, but my stop recommendation was a little too close for the volatility after the E-12 Current account news release. If you had a wider stop loss set than I did, then I hope you made a lot of pips on this one.