Raining pips April edition

I see those moves on an hour chart but I dont know if I bite on it unless the USM folds in the afternoon.

This is all about the markets, sprinkle in a little of the Greece news and its all about risk on or risk off.

100 on 4hr 12444

100 on daily 12651

sad thing is i pointed this out to start the week when i sold at 12713 and had an eye on 12550 yet i took such a small profit..i gotta let some of the guys make move b4 jumping out so quick...

To me this is part of the "chartist" argument..trading off only charts puts the odds against you versus knowing WHY the charts behaved like they did and what created the move.

I am not always right about where I think the market is going but lately the down moves are short lived and reversed quickly, like today and if I had gone with my trading gut and saw they werent selling the markets, rather starting to rally them, it was good for over 100 pips on both of the contra YEN pair.

make that 12645 on the daily....Wall can u confirm since we have different readings?

you think its gonna test the daily 100 day ?? or the 4hr ??

im actually surprised they rallied the usm , i mean greek debt and bad jobless #'s and they reverse it ????? wtf does anything matter in the us stock market now a days ??? if theirs a war it will be hailed as better than expected 

buck are you still in the usd/jpy pair ?? i bought in last night @ 93.30ish 

no i let them go...i was flat until i pulled the trigger on GBP

I was saying EU/JY gonna test 4hr it did 5 mins after my post...just watch for a close above on the 1hr,2hr charts as it may then become short term support...

EU/$ failed on a rally higher i think it sinks if it cant close above 13370s....im out for the day boys....set a limit for 152...prob wont see a dip again until late tonight...just to stick to the pattern

Ill be back as soon as i wake up...GL the rest of the days boys

 

Sorry, I hit the gym for an hour around noon-ish and so I am back now.

Markets inching up to that 50 pt up target..what a shock.

Well that took a chunk of profit...guess i shouldve pulled up a daily and messed with some of the indicators..GBP is resting in the lower 1/3 of the ichi cloud top is 1.5619..i see the bottom of this cloud at 5144 which right about where we turned yesterday...good entry long that i just flat out missed

Ive pulled a few quick scalps here as its been fighting 5380...last one was good for 24 pips...gonna slow down now as action should pick up some...

 

 

 

Cad emp #s in one min...

WOW shocker...it was talked about a higher # here and this drove $/Cad down im long at 33...here we come 101

wow...i couldve had 99s but there were talks that the # had been leaked and it was gonna be well over projection....its running though...up 30

SNB messn with EU/CHF .....AGAIN.........at some point ill listen to fxinsider when he calls out the key levels on this pair...it was 1.4320 this time

Smells like another risk-on day from the looks of USM futures and how the market is trading prior to open.

LB.Yen hit a reversal of over 300 pips from yesterday, what a mess.

Greece again saying they dont need help pushed the LB and the EU through the roof.

Still talk of credit problems from LB...election coming...might be wise to buy the pair here now it should go to test res at 5420...maybe slap a 40 pip stop on it...risk 40 to make 60

Had a good chance to scalp there as the price was going from 5370 to 40 back and forth then crashed to 20 and i didnt pull the trigger.....i gotta trust what i see on these charts...i made several good calls this week and took the min from each trade...i had EU/JPY pegged for a sell that was good for almost 400 pips...i sold at 1.2713 and we saw 12330

got over half my loss back from yesterday...one more trade and ill call it a week

 

and theres 1.3450 i mentioned yesterday

Yeah and I am going to short that EU if it keeps racing up on Sunday night.

Let that EU.US run..keep on trucking.

What a move in EU/LB this morning...

$/JPY sitting on its 50 day on the hr chart

theyll run it up then news will come b4 Sunday open and it will gap down taking a shot for a good short with it

analysts are shrting EU/4 and AU/$ over at FXCM

The EU is not out of the woods even if this goes through, and the more that the IMF is involved the weaker it is for the EU if you ask me.

Bring it up to 1.36 and I will be quite pleased.

Yeah i dont see where the strength is coming from everyday there are articles on one of  the PIIGS

dollar index in trouble about to slide under 81

Well that to me isnt shocking..the USM has been up a ton this week, bearish for the USD, the EU has moved off lows, same for the LB and the AU has been sitting high all week.

I think this week has just been bearish for the USD and bullish for risk trade.