Pipcrawler

Pipcrawler

Every day, I try to find what I believe is the best-looking short-term currency trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky trying to figure out how to look at charts and draw lines. My goal is to help you understand the psychology behind price movements in the foreign exchange markets, so you can learn to analyze your own currency charts and trade on your very own.

Articles by Pipcrawler

Playing the EUR/CAD Downtrend – Trade Closed

Good morning forex fiends! It was a tough ending for my latest trade idea as risk-off flows came in hot and heavy to close out last week’s trading. As per normal behavioral patterns, this spelled trouble for “risk-on” assets like the Canadian Dollar, as well as my EUR/CAD trade.

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Reflecting on My First Quarter Performance

Good morning Forex friends! Time flies by when you’re having fun battling the markets, and it looks like we’re already a quarter of the way done with 2012! As the saying goes, “Pain + Reflection = Progress,” so it’s time to review how I did in the first quarter.

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The one important thing I have learned over the years is the difference between taking one's work seriously and taking one's self seriously. The first is imperative and the second is disastrous. Margot Fonteyn