Trade Ideas

Guess who’s back, guys! It ain’t Slim Shady, its GBP/JPY! The pair has come back to claim its position as Cyclopip’s Weekly Winner. Come and see what it had in store for us last week!

I can be such a stupid little girl at times. When the earthquake hit Japan last Friday, I thought it would lead to a yen sell-off, similar to what happened with the Kiwi. But things in the forex market never go as you expect…

Yipee! I just came from my friend’s housewarming party, and now I’m back to reviewing comdolls! Find out which news reports had the biggest impact on commodity-related currencies, and why I think AUD/USD had the best setup for the week…

Just when I thought I had another chance to ride the dollar’s rally with my HLHB system, my 30-pip filter becomes a party pooper!

It looks like the mix of economic and geopolitical events over the past day or so has brought back fear and safe haven flows to the Greenback. Cable also deviated from past behavior after the BoE held rates and bond purchasing plans steady.

After seeing no major reaction after the release of the trade balance data, I decided to jump in. Unfortunately, things didn’t go exactly as planned…

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.

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.

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!

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!

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!

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!

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!

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.

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!

A good Monday to all you pipsters out there! Let’s start the week off with another awesome setup on GBP/JPY!

This set up is a classic distribution fade or “inside-the-range” short entry that will remain valid as long as the bears can maintain selling pressure at and below the February 2 high at 1.3861.