Trade Ideas

Here’s a look at my USD/CHF daily swing short and the levels I am watching.

Stochastic is my new girlfriend! For a second week in a row, it saved me from the heartache of falling for a fakeout. Whew!

It looks like euro sentiment continues to remain fluid as the market shifted gears on speculation that the potential ECB interest rate hikes outweigh the sovereign debt issues and credit downgrades. Needless to say, this didn’t work out too well for my day trade….

It looks like New Zealand technically dodged a recession after all! Yay for New Zealand, boo for my trade! As I planned, I manually closed my trade at the release of the positive report. Here’s what happened…

Drats! Just when I thought I caught a winner, I got killed by the spread as my adjusted stop got hit! What’s worse, price eventually hit my profit target!

The break higher in the EUR/USD has carried the pair to 1.4250 where psychological level resistance at the “50” pip has pushed price lower and broken the uptrend line support of the Rising Wedge pattern.

Sorry for the delay, fellas! Had to put off doing my Weekly Winner price action review today because I got caught up with my GBP/JPY trade! I’ll fill you in on that later on… For now, let’s check in on what GBP/JPY presented last week!

I think I jinxed my trade again by calling 1.4000 a top! Boo! After I entered my trade, EUR/USD only dipped to a low of 1.3751 before skyrocketing past the resistance at the falling trend line and stopping my trade out at 1.4050. Drats!

Whew! After dealing with a crazy schedule and even crazier market action last week, I can’t think of a better way to end the week than doing a comdoll replay. Find out how Japan’s news moved the comdolls, and why I think NZD/USD had the best setup for the week.

Last week my 30-pip filter annoyed me like that “Friday” song. But now, because it saved me from a fakeout, I’m head over heels for it! Oh, how I love you my 30-pip filter!

ARGH! I guess I won’t be able to do my happy dance this time around because my USD/CAD trade didn’t turn out as well as I hoped. Here’s how I got stopped out after only a few candles…

The GBP/USD has traded lower today as the U.S. Dollar rallied slightly higher, but is still in a downtrend. The dollar managed to reach the and trade slightly above 77.00 to a 77.13 high before losing footing above the major psychological level. In the meanwhile, the GBP/USD trades around 1.6000.

Risk aversion continues to be the name of the game and it looks like the Greenback continues to benefit from it. My short EUR/USD trade was triggered for a few nice pips on the day. Check it!

After touching a new all-time low against the dollar yesterday, who wouldn’t be smitten by the mighty Swissy? But I’m not head over heels yet… As always, I’m going to wait for confirmation!

The market is just full of surprises, isn’t it? Just when I thought risk aversion would dominate for the rest of the week, NZD/USD popped up from a new 5-month low and rallied to .7450. Thank heavens for my trailing stop!

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.