Pipcrawler

Good afternoon forex friends! My, oh my how time flies as we head into April, which means Q1 2013 is now in the books. As always, it’s that time again where I take a moment to look back at how I did from January through March.

Once again, Draghi threw in a few comments that surprised market players, and when coupled with massive moves thanks to the BOJ, it was quite an active few sessions for currencies. Here’s a review of how I played EUR/USD through it all last week.

Good morning forex friends! The weak euro sentiment sparked by the Cyprus bailout continued to play out through the Monday US trading session, punishing the euro, and hitting my max profit target.

Once again, a European event takes me out of my USD/JPY trade! Thanks to an surprising, unprecedented bailout plan for the small island nation of Cyprus, we saw a massive move in the global markets as soon as they opened in Asia.

Good morning! It looks like the markets moved my way this week as Cable sellers jumped in at the top of the range and pushed the pair back to previous swing lows, hitting my profit target.

You know how I always say, “anything can happen in the currency markets?” Well, we saw a good example of that yesterday as the Italian elections caused massive moves in the global financial market–and it wasn’t a good thing for my USD/JPY trade.

It looks like it was a one-way road for Cable as the pair continued its decent to 1.55 without the pullback I was hoping for to add to my position. With a major area of interest being tested and the G20 summit weekend coming quick, it’s time to call this swing trade quits.

Good evening! It looks like going with technicals for the Friday session didn’t pan out as Cable rallied higher on a sentiment shift of flows from the eurozone to the UK.

Cable sellers weren’t messing around during Tuesday’s session as they pushed the pair lower without hesitation during the US session. It looks like my entry level is out of reach ahead of the BOE event with all this GBP bearishness, so I’m closing my open orders.

It looks like no luck during Thursday’s session for me to get a pullback on USD/CHF. With US NFP coming up quick in a few hours, it’s time to close down my orders to avoid event risk.