Raining pips April edition

starting to think i should stay in the eur/jpy its about to cross down and looks like it would be good for a couple hundred pips. 

i dont think anyone is believing this backstop to greece is really gonna solve the euro's problems.  

back in eur/jpy short 3 lots. pair just crossed i think this baby will fall hard 

I dont..I think it isnt the cure for Greece nor that it is the end for the need to assist.

Nice call on that break, the EU.Yen just fell off a cliff..good for me on my LB.Yen short too..still in the red but getting better.

It was all the talk about the whistle blower...scam should actually make the price soar...but you know how investment people are..

Eu/JPY has the 100 ma at 12488 not sayn it will fall to there but if it closes below 12560 i think it will fall even more

Pap pull the SMAs on your chart and watch the 1,2@4hr charts...when you trade off a cross and it dip below or shoots above a MA you know youre ok to let it ride....i cleaned up on EU/JPY...no way it coulsd push any higher b4 it closed that gap and it shoudnt be that high anyway...

$/JPY you couls see it look more weak on the longer term charts just look since the 7th its been making lower highs in a clear channel down...

Im going to start using MAs more it fairly easy to predict where the pair is headed...i called AUD this morning as well when it couldnt close above the 20 MA i sold and  set my limit right on the 40 MA....good trade but i shouldve left it open to see if it would close below...it did and now sinking toward the 100 MA at 9192...

You can also pull a fib from the low 3/26 to the high 4/11 and it already crossed down through the 382 line at 9239 and the 50% line is right at the 100 MA...so its for sure sinking another 40 pips..if that level doesnt hold 9148 is the next stop which is the 618

$/CAD MAs almost forming a triangle thats kept the price action limited...pull up the 2hr and check it out...100 MA on top 20@40 keeping the pair up on bottom

looks like i placed that  eur/jpy right on the 20 day ma on 4hr  125.71 ish.

yeah watch to see if itll close above the 40

Well we got GBP trade balance in 14 mins pair is going to 15420ish or down to 153...should be 50-60 pips to be made here...

GBP with a nice little push higher hope the news sucks it should drop that much faster...UK second to last as far as debt/GDP ratio...

Wow in the time it took me to type the first part of this message GBP down 14 pips...

Actually if news is bad 50 MA is at 15286....although there is some old support right around 153...

long here looking for 15420

here she come...15415

round 2

Man that was a heck of a bounce on the LB overnight.

The LB.Yen went from about 142 up to 143.75 and back to 143.

I can almost tell where the USM is going to trade just by looking at currency pairs anymore.

Thats a good thing though...i love data days...easy money...if id wouldve been thinking i would have dropped a shrt $/CAD...but i cant catch em all

got outta those trades up, not bad since i bought 3 lots at the worst time on eur/jpy. gonna go over these charts, diffently looking at the ma's from now on, it really helped on my average as it bounced off 127.07.  

Watching to see where they close on the MAs makes a huge difference...i almost bailed on GBP early but once she crossed another MA on the 2hr and i saw the 4hr in no danger of giving up the 20MA i held...and almost doubled my first pip goal...thats why i threw up that round 2 post it looked like she wanted to push higher...missed a nice move in JPY though watching GBP also been watching AUD and GOLD charts....

EU/$ about to close over its 20MA on the 2hr

but its closing below the 40MA on the 1hr

The EU has been in a tight range since sunday night..my wager would be a break down versus setting a floor in here.

Good call and it took GBP with it

Well that was the USM taking a crap actually.

She went from -5 to -50 quickly..and took the risk pairs with it.