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

Easy Range Setups on EUR/USD

For all of you Nostradamus types who thought my “Pick of Day” would be on that awesome surprise UK GDP inspired move on the British Pound…sorry but that’d be too easy. Plus Huck’s got a trade idea on Cable, so I’ll let her study that market with ya. For today I’ll study EUR/USD’s price action and setups we could catch in the future.

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Cable Bulls Bested by the Bears at 1.6000

What a day for currencies as China’s read on various economic data points today brought out the beast every US Dollar seller fears–risk aversion. China’s inflation situation, coupled with weak UK CBI industrial trends data and positive US data lead to a couple of really nice plays in Cable and making it my “Pick of the Day.”

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Doji Stars and Divergence on NZD/USD

Good afternoon! Today was full of nice reactions and great trade setups like Cable’s range in between its opening price and the top of its daily range and USD/CAD finding support at the bottom of its daily range, but my “Pick of the Day” goes to NZD/USD for mixing up divergence and candlestick patterns against my horizontal levels.

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EUR/USD Reversal at Last Week’s High

Good evening! Got some fresh data today to spark a bit of volatility in the markets. We saw plenty of great reactions to my usual inflection points in the majors, but the best setup of the day in my opinion goes to a reversal signal in EUR/USD. Check it!

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My Day Trading Framework

Greetings! With a few other FX-Men already sharing their discretionary swing trading and mechanical system experiences,I thought I’d do my part to help those jumping in probably one of the most difficult trading methods one can attempt: discretionary day trading…check it!

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Victory belongs to the most persevering.Napolean Bonaparte