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

Reflecting on My Performance for 2011

Good morning forex friends! With 2011 quickly winding down and trading pretty much a wrap for the year, it’s time to do the most beloved (or hated) of trading tasks: reflecting on your trading performance. I’ll share with you an example of how I reflect in hopes that it will help you do your own. Check it!

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Will USD/JPY Continue Higher? – Trade Closed

Good morning forex friends! And it’s definitely a good morning for risk-on players as we saw a surprising string of catalysts, most notably the monster news of a coordinated central bank effort to provide liquidity to European banks. Unfortunately, this was not good for the Greenback…

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Although hard work and risk management are critical to trading success, they are not sufficient to explain the magnitude of performance achieved by exceptional traders. These traders also possess innate skill.Jack D. Schwager