Trade Ideas

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.

It’s my second Comdoll replay, folks! Before I head to my yoga class, here’s my two cents on the economic events that moved the Comdolls this week, plus my totally cool setup on the 4-hour NZD/USD chart…

Since I said I was going back to my HLHB System, there has been a grand total of… ONE signal and it isn’t even valid.

I have been focusing on longer-term time frames and the ranges on these charts because in my opinion, this time frame offers the ability to often stand above the fray of the intraday volatility and provide a clearer (more psychologically relevant) view of the trend. This has been especially the case with the recent happenings of Egypt and Libya effecting the market around the world.

Phew! It’s a good thing I didn’t enter right away! Right after I spotted the setup, the pair broke through the channel!

Some things in life just don’t get old. And neither do setups! With that rising trend line on USD/JPY still intact, I’m thinking of doing a repeat of my earlier trade. Hopefully, the ending is the same.