Trading Insights

I will admit that the more toppy prices get, the riskier this swing entry becomes, therefore I am being more aggressive about my stop-loss placement in case sentiment begins to shift lower, especially with the MPC Rate Statement coming Thursday.

Unfortunately there were no trades today but the week is still young and there will be plenty of opportunities to come! See how it all went down in today’s Cowabunga Surf Report.

With the rate decision looming for the RBNZ on Wednesday, there’s an expectation that the Official Cash Rate in New Zealand will drop from 3.00% to 2.75%. The sell-off in the kiwi is reflecting that assumption and the pair has made a double bottom along 0.7345 and today’s 0.7339 session low.

Brace yourselves for another round of my groovy chart setups! Today I have an ascending channel, head and shoulders, and support-turned-resistance hitting your way!

How was your weekend fellas? Time to get over that hangover people, it’s Monday! And y’all know what that means – it’s time for Cyclopip’s Weekly Winner! It turns out that I missed a nice setup on EUR/JPY early on Monday!

Got the Monday blues? Lemme help you bust out of that slump! Here are sweet lookin’ setups on USD/CHF, AUD/USD, and EUR/JPY!

Everyone having an awesome weekend so far? Well I hope y’all are because I sure am loving mine! In fact, I’m feeling so pumped with energy today that I decided to cover ALL THREE comdoll pairs on my weekly replay. Go ahead and check it out!

When keeping a journal, it ain’t enough to just scribble your trade ideas and record the results of those trades. You also need to know what to do with the data that you have and how to interpret it to help you improve as a trader.

Looks like I was right about being bullish on the euro. The only problem? I didn’t get triggered and I got left behind! Ha!

Argh… Price STILL hasn’t retraced to make a new crossover and get me into a trade! I swear, I’m so close to completely scrapping this system. So frustrating… If it hadn’t been profitable in 2010 and when I backtested it, I probably would have!

Good evening! With the US Non-Payrolls coming up soon, I have decided to lock in profits by closing out my short positions on Cable. Didn’t catch big moves, but it was a nice profit for the week. Check it!

Don’t miss out on these longer-term setups on my daily chart art! It could be your chance to catch a major move with the majors. Get it? Check ’em out now!

Yay, I finally broke my streak of bad beats with the markets! My first target got hit, and I closed the rest of my position at a profit! This calls for a celebration!

It’s almost but not quite Friday, homies! Today I have tons of sweet Fib action for ya! Catch them on my setups in NZD/USD, EUR/USD, and USD/CAD!

Strong crude. Strong commodities. Dollar melting like a popsicle on a sunny day. Yet the aussie can’t get buyers to rally the pair over 1.0200 in a significant way. Why not?

Eep! AUD/USD broke up from its symmetrical triangle! What’s more, it only went a few pips above my stop loss before it went back down! Is a tight stop loss my only problem, or am I doing something else wrong? Help!

Are you ready for today’s chart art? On today’s canvas, we have a couple of comdolls and a cross pair. Don’t miss out on these long-term setups!

In my opinion, playing data is all about expectations. What has been discounted or “baked into the cake”? It’s not an easy thing to determine and it requires price movement to be measured. Ignoring the psychological effect and volatility that accompanies economic data means that an environment a heightened risk is also going to be ignored.

It was a decent day today as I was able to grab +22 pips with 2 trades. See how it all went down in today’s Cowabunga Surf Report.

Okay, NOW I think it’s time to call it quits on this trade and take my profits! There are just too many signs to ignore!