Pipcrawler's Forex Picks

tag:blogger.com,1999:blog-247789222024-01-31T02:04:20.507-05:00Pipcrawler's Forex PicksForex Charts, Analysis, and Trade SignalsPipCrawlerhttp://www.blogger.com/profile/09457098026144882578noreply@blogger.comBlogger115125tag:blogger.com,1999:blog-24778922.post-1165249483813772452006-12-04T08:50:00.000-05:002006-12-04T11:24:43.946-05:00

Guess what?? The New and improved BabyPips.com is released!We've been working hard on BabyPips.com, so please check out the new features, especially the forums and the Forex wikipedia, and let us know what you think!Also, don't forget to check out my new analysis page called Currency Cross-Eyed!Thanks, good luck and good trading!Pipcrawler

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com5tag:blogger.com,1999:blog-24778922.post-1164949695733226752006-12-01T00:00:00.000-05:002006-12-01T00:08:15.746-05:00

No signal tonight and until further notice as I revamp the system to adjust to the current low volatility environment. In the meantime, I will use this blog to answer some of the most frequently asked questions I get from new traders everyday. The new version of BabyPips.com will be up very soon (I know I keep saying that hehe), in which I have a new analysis page called "Currency Cross-Eyed."

Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1164778773273918542006-11-29T00:36:00.000-05:002006-11-29T00:39:33.286-05:00

Forex Trade Review - 11/28/06No trade triggeredForex Trade Signal – 12:37 am EST 11/29/06Long GBP/USD at 1.9555, stop at 1.9525, pt1 at 1.9585, pt2 at 1.9620Short GBP/USD at 1.9475, stop at 1.9505, pt1 at 1.9445, pt2 at 1.9405

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com1tag:blogger.com,1999:blog-24778922.post-1164694204080149252006-11-28T01:08:00.000-05:002006-11-28T01:10:04.096-05:00

Forex Trade Signal – 1:09 am EST 11/28/06Short GBP/USD at 1.9360, stop at 1.9390, pt1 at 1.9330, pt2 at 1.9300Looking for a USD correction!

Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1164173868170998222006-11-22T00:35:00.000-05:002006-11-22T00:37:48.186-05:00

Forex Trade Review: 11/21/2006No trade triggered. Forex Trade Signal – 12:02 am EST 11/16/06Long GBP/USD at 1.9050, stop at 1.9030, pt1 at 1.9070, pt2 at 1.9090Short GBP/USD at 1.9000, stop at 1.9020, pt1 at 1.8980, pt2 at 1.8950

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com1tag:blogger.com,1999:blog-24778922.post-1164085904612944522006-11-21T00:09:00.000-05:002006-11-21T08:47:47.543-05:00

Forex Trade Signal – 12:02 am EST 11/16/06Long GBP/USD at 1.8935, stop at 1.8915, pt1 at 1.8955, pt2 at 1.8975Short GBP/USD at 1.9010, stop at 1.9030, pt1 at 1.8990, pt2 at 1.8970

Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1163654483647530902006-11-16T00:15:00.000-05:002006-11-16T00:21:23.673-05:00

Forex Trade Review - 11/15/06Short trade triggered:Lot 1: -20 pipsLot 2: -20 pipsTotal: -40 pipsMan, we missed out last night as our trade got stopped out before moving back in our direction and hitting max profitability.....grrrrrr!!!Forex Trade Signal – 12:12 am EST 11/16/06Long GBP/USD at 1.8930, stop at 1.8910, pt1 at 1.8950, pt2 at 1.8980Short GBP/USD at 1.8860, stop at 1.8950, pt1 at 1.8840

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com1tag:blogger.com,1999:blog-24778922.post-1163569832074574912006-11-15T00:43:00.000-05:002006-11-15T00:50:32.103-05:00

Forex Trade Review - 11/15/06Short trade triggered:Lot 1: +20 pipsLot 2: +00 pipsTotal: +20 pipsForex Trade Signal – 12:39 am EST 11/15/06Long GBP/USD at 1.8990, stop at 1.8970, pt1 at 1.9010, pt2 at 1.9050Short GBP/USD at 1.8930, stop at 1.8950, pt1 at 1.8910, pt2 at 1.8880Also, I noticed my "Pick of the Day" hasn't been posted yet, so here it is: With constant data out of the US showing a

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1163482789369551422006-11-14T00:37:00.000-05:002006-11-14T00:39:49.386-05:00

Forex Trade Signal – 12:32 am EST 11/14/06Long GBP/USD at 1.9070, stop at 1.9050, pt1 at 1.9090, pt2 at 1.9130Short GBP/USD at 1.8975, stop at 1.8995, pt1 at 1.8955, pt2 at 1.8905

Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1163052519404480652006-11-09T01:07:00.000-05:002006-11-09T01:08:39.420-05:00

Forex Trade Signal – 12:59 am EST 11/09/06Long GBP/USD at 1.9080, stop at 1.9060, pt1 at 1.9100, pt2 at 1.9130Short GBP/USD at 1.9000, stop at 1.9020, pt1 at 1.8980, pt2 at 1.8910

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1162964741826107162006-11-08T00:31:00.000-05:002006-11-08T00:45:41.843-05:00

Closing Longer Term GBP/USD Trade:I have decided to close out our longer-term short on GBP/USD. The current market price is 1.9065, so if you close at that rate you will be taking a -25 pip loss per lot. The reason I am closing is for purely fundamental reasons. We have the Bank of England interest rate decision coming on Thursday. They are expected to raise interest rates to 5.00%, which

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1162877450236460112006-11-07T00:24:00.000-05:002006-11-07T00:30:50.266-05:00

No signal tonight as we have the US midterm elections through out the day tomorrow. I'm not expecting much volatility until the election results are out, so my signal probably won't be effective. No sense to risk getting whipsawed out of a trade tomorrow. As for my longer term pick, we were actually up almost +90 pips per lot at one point, but the pair never hit pt1. Now, it's back to our

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1162562771552793722006-11-03T08:57:00.000-05:002006-11-03T09:09:19.730-05:00

Non-Farm Payroll Trade Idea:Wow - what a report! While the October NFP number came out below expectations at 92K, there was a revision of the September number from 51K to 148K shows the job market isn't as tight as we all thought.Also, we have other good jobs data as the unemployment rate lowered from 4.6 percent to 4.4 percent, avg. hourly earnings rose to 3.9 percent.The market in GBP/USD has

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1162445313241584632006-11-02T00:12:00.000-05:002006-11-02T00:28:33.326-05:00

Longer Term GBP/USD Trade Setup:As promised here's a longer term trade setup that I will be watching for:Here we have a daily chart on GBP/USD. In the past month, we've seen the pair move from approximately 1.8500 to about 1.9100 - that a 700 pip move!!! Recent weak US data has been the reason we've seen a rally in Cable against the Greenback, but I will be looking for a sell off for a few

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1162398919758635052006-11-01T11:28:00.000-05:002006-11-01T17:52:37.916-05:00

I apologize for the lack of signals this week. I feel that the signal won't be effective as we have seen a major run in GBP/USD which means we will probably see consolidation - especially before the NFP report on Friday.To make it up to everyone, I do have a longer term trade idea in the works based on the extended USD sell off we've seen in the past couple of weeks. I should have this posted

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1161922094244672662006-10-27T00:05:00.000-04:002006-10-27T00:09:06.636-04:00

Forex Trade Review - 10/26/06Long trade triggered:Lot 1: -20 pipsLot 2: -20 pipsTotal: -40 pipsWe saw some whipsaw action and were quickly stopped out. Unfortunately, the pair went on to hit both of our profit targets... doooooohhhh!!!!!Forex Trade Signal – 12:00 am EST 10/27/06Long GBP/USD at 1.8945, stop at 1.8925, pt1 at 1.8965, pt2 at 1.9000Short GBP/USD at 1.8870, stop at 1.8890, pt1 at

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1161837270805211142006-10-26T00:32:00.000-04:002006-10-26T00:34:30.823-04:00

Forex Trade Signal – 12:25 am EST 10/26/06Long GBP/USD at 1.8840, stop at 1.8820, pt1 at 1.8860, pt2 at 1.8880Short GBP/USD at 1.8790, stop at 1.8810, pt1 at 1.8770, pt2 at 1.87500

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1161749582721044042006-10-25T00:00:00.000-04:002006-10-25T00:13:02.740-04:00

Forex Trade Review - 10/24/06Long trade triggered:Lot 1: -20 pipsLot 2: -20 pipsTotal: -40 pipsWe're just not seeing the volatility and breakouts that we saw in September that makes these signals work pretty well. Uncertainty in the markets has created this environment and hopefully traders will find clarity after the US interest rate statement tomorrow. No signals tonight. Because of the FOMC

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1161661122275015472006-10-23T23:33:00.000-04:002006-10-23T23:38:42.300-04:00

Forex Trade Signal – 12:00 am EST 10/24/06Long GBP/USD at 1.8755, stop at 1.8735, pt1 at 1.8775, pt2 at 1.8800Short GBP/USD at 1.8690, stop at 1.8710, pt1 at 1.8675, pt2 at 1.8610Also, the second have of my USD/JPY short trade stopped out at breakeven. So, the total pips collected on that one was +60 pips. Hope everyone caught some pips on that trade!!!

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1161357297899870192006-10-20T10:51:00.000-04:002006-10-20T11:14:58.073-04:00

Forex Trade Review - 10/19/06Long trade triggered:Lot 1: -20 pipsLot 2: -20 pipsTotal: -40 pipsWe were trigged and then whipsawed to a stop out...USD/JPY Trade Update:My trade idea on USD/JPY has hit profit target one at 118.30 for +60 pips. Moved stop on the second half of my position to B/E at 118.90.

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1161237393645510142006-10-19T01:53:00.000-04:002006-10-19T02:05:49.726-04:00

Forex Trade Review - 10/18/06Long trade triggered:Lot 1: -30 pipsLot 2: -30 pipsTotal: -60 pipsShort trade triggered:Lot 1: -12 pipsLot 2: -12 pipsTotal: -24 pipsDay Total: - 84 pipsForex Trade Signal – 12:00 am EST 10/19/06Long GBP/USD at 1.8720, stop at 1.8700, pt1 at 1.8740, pt2 at 1.8800Short GBP/USD at 1.8645, stop at 1.8665, pt1 at 1.8625, pt2 at 1.8600Important Notice: We are in the

Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1161144211783202962006-10-17T23:52:00.000-04:002006-10-18T00:03:31.793-04:00

Forex Trade Review - 10/17/06Long trade triggered:Lot 1: -20 pipsLot 2: -20 pipsTotal: -40 pipsWe saw some whipsaw action and were quickly stopped out. Unfortunately, the pair went on to hit both of our profit targets... doooooohhhh!!!!!Forex Trade Signal – 12:00 am EST 10/18/06Long GBP/USD at 1.8730, stop at 1.8700, pt1 at 1.8760, pt2 at 1.8790Short GBP/USD at 1.8680, stop at 1.8710, pt1 at

Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-24778922.post-1161059322732902612006-10-17T00:24:00.000-04:002006-10-17T00:28:42.753-04:00

Forex Trade Signal – 12:00 am EST 10/17/06Long GBP/USD at 1.8650, stop at 1.8670, pt1 at 1.8670, pt2 at 1.8700Short GBP/USD at 1.8600, stop at 1.8620, pt1 at 1.8580, pt2 at 1.85450These entries and exits are different from my "Pick of the Day" at BabyPips.com because I used different rules for these signals. Good luck to everyone and good trading!

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1161003851193777552006-10-16T08:59:00.000-04:002006-10-16T09:04:11.206-04:00

USD/JPY Short Trade Idea:Short USD/JPY @ 118.90, stop @ 119.60, pt1 @ 118.30, pt2 117.40This is a longer term trade idea and you should reduce position size to weather the larger stops and profit targets.

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0tag:blogger.com,1999:blog-24778922.post-1160945347044838252006-10-15T16:25:00.000-04:002006-10-15T16:49:07.063-04:00

USD/JPY Short??????Here's my argument for a short term bearish trade on USD/JPY:First, let's take a look at a couple of charts...We have a daily chart on USD/JPY with bollinger bands and stochastics show possible buyer exhaustion in the pair after the strong move from 116.00 to almost hitting 120.00. We have a weekly chart on futures positions showing a record net short positions on the Yen. On

Anonymoushttp://www.blogger.com/profile/09457098026144882578noreply@blogger.com0