Time posted: 9:00am PST

Hi folks, the market has made some interesting movements over the last 48 hours, we’ll continue to watch as things unfold over the next few hours. I want to wait for just a bit to see how the markets behave and I’ll post some details on the AUD/USD, USD/JPY and a few other pairs.  I believe there are some good opportunities looming in the wings.

More to come shortly…

AUD/USD:

Time Posted: 3:00pm PST

This pair is just forming a 1h crossover down, it’s currenctly trading at 0.7250′ish right now.  I’m looking to enter a sell on this pair with a stop just above the cross of the red and blue lines, 0.7275′ish.  Watch for the new darma coming out as well, that should help with confirming a downard movement.

Hi all,

I’m watching this crazy market just like you all and I’m not seeing anything too interesting at this point.  The market looks like it’s giving some set ups followed by some quick reversals, so I’m on the side lines at this point.  The EUR/USD is giving a pre-signal for a possible up movement on the 1h chart and the USD/JPY is as well.  But I think the market is really waiting for the US interest rate announcement tomorrow before it makes any significant movement.  I’ll keep you posted…

GBP/JPY:

Time posted: 8:30pm PST

This pair has made a nice run up, I personally entered on the 1h crossover earlier today. Now we’re seeing a 4h crossover up forming.  Wait for another half hour, 9pm PST before considering entry as that’s when the next 4h candle will open.  Trade this with extreme caution as it’s approaching the 4h gap and weekly pivot, a pass through these levels should confirm an upward entry.

Side Note…

The EUR/USD and GBP/USD have broker some small upper levels and seem to be experiencing some minor break outs up, watch these pairs over the next several hours.  We have a major US announcement tomorrow (interest rate) so many of the pair will be waiting for the results of that announcement before making major movements.)  The USD/CHF has also broken some lower levels so expect some continued down movement out of this pair as well.

Hey all, here’s a possible opportunity on the gbp/usd.  More to come today, keep up with the website.

GBP/USD:

Time Posted: 9:00AM PST.

1h crossover up has just happened and the pair has begun making some nice upward movements.  Watch and wait for some retracement but this could produce some nice upward movement.  We have an open on the top side of the 13 MA (blue line) on the 4h chart so I’ll be watching for some basic up movement here.  Wait for some retracement before entering.

Price is currently trading around 1.4680’s

Hey folks, it’s Sunday night and the market is on the move!  I can’t believe another week/weekend has come and gone!  I hope you all had a great week and a somewhat fun weekend, that’s important.  The entire reason I have a dog (besides my wife told me we were getting one) is that dog remind me of the good old simple pleasures.  My dog is perfectly happy hanging his little fury head out the window while we drive down the road, some how that keeps me in check.  Anyway, enjoy your weekends and don’t let this market consume you!

Ok, onto BUSINESS!

There’s been lots of economic news out this past week and the markets have been just about everywhere and now they seem to be sitting on a decision point.  As of this writing I don’t know that the markets have a major sense of direction.  I did enter a sell position on the EUR/USD just earlier at 1.3187 and exited at 1.3125.  It was a quick trade but that’s all I see this market capable of at this point. 

EUR/USD 

My take on this currency pair is still BUY.  I’m currently looking for more buy entries on this pair and this quick dip down looks like it was dedicated to mostly achieving a Fib retracement.  The most recent run up has had a pull back of nearly 50% on the Fib levels.  We also see the Stochastic levels on the 1h chart completely oversold so I’ll be looking for that buy entry from this point.  I think the new found uptrend will hold for a bit more.  After the double bottom at just below the 1.2900 level and a strong run up from there, I’m looking for this pair to hold its gains and continue to the top of the summer channel at/around 1.3600.

GBP/USD:

As for this pair, I’m staying out.  After a top out at the 1.5000 level around the 16th of this month, it made a large quick drop and then spend most of last week consolidated in a small channel.  Most of the GBP pairs are standing on shaky ground as for their direction.  The GBP/USD is showing it’s ugly choppy summer face, we will see this across the array of pairs as the summer goes on.  The GBP is currently showing those signals so until we get some clear direction I’ll probably sit on the sidelines until the movement smooths out.

As for the rest of the pairs, I’m not seeing anything particular interesting at this point.  I need to see how the market fairs over the next several hours so I can get a feel for where things might be heading.  But as always, the EUR/USD and GBP/USD are my focuses and i the the EUR is making the most consistent moves so I’ll focus on that one for the first part of this week.

I will be posting the daily trades starting again tomorrow and it will not be limited to the EUR/USD and GBP/USD, i’ll be watching several pairs and as i see things set up i’ll post them.  Also, I’ll be posting some additional information regarding the state of the economy as it pertains to the market.

Good luck and happy trading,

If you have any questions or comments click on the “contact us now” button above.

Jared J.

Hey all,

First of all, the email list…

Just a quick note, I just to remind everyone to join the All About Pips mailing list so you can get the most recent updates from the site, about the market, and about the upcoming live trading events.  I’m working on a few details with this site and a new program will be incorporated before too long, more details to come on that.  Anyway join the mailing list, you can find the link on the right hand side just a little way down and the link reads “Sign up for AAP’s Newsletter.”

Next, trade posts

I wanted some feed back on the trade opportunities I’m posting on this site.  How are they working out for everyone and how?  Are you able to get into the trades I’m posting?  Is there anything you can suggest to make the experience more efficient and profitable?  Email me any suggestions you may have regarding this, I want to make this experience the best it can be and I can only do that with your help.

Last, Trader of the month

We’re just about at the end of the month which means it’s time for you all to start sending in your results for the month of April so you can be considered trader of the month.  I’ll review everyone’s results and determine who has the best numbers.  From there, if you’re picked as trader of the month then I’ll email you asking for a pic so we can post it with your results for trader of the month.

The last, PS or whatever…

All the information and such can be emailed to info@allaboutpips.net.

Happy Trading and keep an eye on the site for the Sunday night post!!

Jared J.

***EUR/USD***

Posted at 7:00am PST

This pair is finally completing the crossover on the 4h chart and it showing signs of heading up.  There is entry at the 1.3015 area for a buy.  Be careful with this pair as it has made pretty good retracement from an earlier spike up.  The 4h stochastics are slightly overbought so there could be retracement in the near future here.  But a small buy at this point with a stop just below 1.2900 should be good.

***AUD/USD***

Posted at 7:00am PST

This pair is forming a 4h crossover very similar to that of the EUR/USD, also with an overbought stochastic.  It’s making a reluctant move upward from this 4h cross it’s moving slowly at this point but there appears to be a good opportunity to enter a buy at this 0.7090/0.7100 area.

GBP/USD **UPDATED**

Posted at 12:30pm PST.

This pair seems to have a nice opportunity to continue heading up. With a 1h crossover already done and a 4h crossover in the works, there is a buy opportunity at the open of the next 4h candle which should take place in approximately 30 minutes (1pm PST).  Although overbought stochastics appear on both time frames this pair has some pretty strong uptrend movement.  Be careful as always but i will be entering this trade at the open of the next 4h candle for a buy.  It’s currently trading at 1.4690.

***EUR/USD:****

POSTED AT: 12:00pm PST

This pair reacted nicely to that turn around i listed on the previous eur/usd post.  The pair has crossed on the 1h chart and is now en route to cross on the 4h chart.  It appears that the summer channel bottom is at or near the 1.2900 level and we’ve seen a nice bounce off that.  For anyone who missed the first buy entry, there’s a second chance as this pair crosses on the 4h chart.  Look for a candle to open above the 13 MA (blue line) and prepare for entry at that point.  Note that the stochastics is currently at high levels so watch for retracement upon entry.  I’m currently long in the EUR/USD as of last night and the 4h crossover will confirm the entension of that entry.

Hey everyone, from this morning we’re already in a buy on the USD/CAD after a bearish move from an interest rate cut, so far the pair is moving up nicely.

The next possibility is as follows:

GBP/USD:

1h charts are showing signs of a crossover up. Wait for further confirmation before entering, wait for the next 1h candle to open (7am pst/10am est) before considering entry.  Trade with caution and always use a stop loss.  With an entry somewhere in the 1.4580’s area I would use about a 30 pip stop and a 50-60 pip take profit.

***EUR/USD:****

POSTED AT: 7:30pm PST

This pair is currently trading around  the mid 1.2930’s area, we have a 1h crossover down but there’s reluctance for downward movement. Both 1h/4h charts are showing down signals but with much consolidation this is a good area to start watching for a turn around.  Watch for 1h crossovers up to start forming over the next few hours before entering buy positions, but be ready to buy at that point.

***GBP/USD***

POSTED AT: 8:30pm

This pair is currently trading at 1.4625/30, it’s preparing for a 1h crossover down. Wait for the 1h candle to close on the bottom side of the blue line (13 MA) and look for sell entries at that point. 4h Stochastics are also crossing down confirming a sell direction.

**Don’t forget to watch the GBP pairs if you’re in any trades, 4:30am MPC Meeting Minutes could have a big movement on the market.**

Hey guys,

I see a possible EUR/USD opportunity to buy.  The pair is currently trading at 1.2985′ish, this level seems to be holding quite well so the opportunity is a buy at the 1.2980’s level with a stop at 1.2955 give or take a pip.  If it breaks that level it’s probably headed down otherwise this could be a nice turning around area.

Well fellow traders, it’s Sunday night again and that means another ENTIRE WEEK has passed!!  Can anyone PLEASE tell me where the week has gone??  It seems like the weeks keep getting shorter and shorter, is this typical with age?  If so, could someone please hit PAUSE on the Jared movie!!??!!  Anyway, enough about me not having enough time to surf and and lay around on the beach all day everyday, I’ll have to fit things in between trades I guess!

Ok guys, I’m sure many of you noticed that the market was making some surprisingly interesting movements, some quite unexpected.  This week is the time to make sure we’re ALL feeling the rhythm of the market and ready to be on the correct side of the movement.  How is this going to be done?  By simply using our indicators, end of story!  Watch for crossovers, like always, on the 1h and 4h charts, watching for break outs and just overall trading with the trend.  Piece of cake right? RIGHT!

GBP/USD:

Is making it’s way down nicely off the 1.50 level and looks like there’s plenty of momentum to take it down to that eventual 1.42 area give or take 100 pips.  It’s trading within the summer channel in what we call a TEXT BOOK way, just like clock work.  So keep an eye on the indicators to make sure the momentum can hold strong to continue taking this pair down to the lower area of the channel.

EUR/USD:

This pair is jumping around after making a significant drop through the entire previous week.  So what now?  After dropping to just below the 1.30 (1.2970) the market seems to be consolidating at this level which is consistent with the summer channel (refer to previous posts on the summer channel and the EUR/USD).  But remember, before jumping into anything we have to make sure there’s a signal on the indicators, a 1h crossover would be a good start.  So exercise extreme caution and don’t enter trades before you have proper confirmation.  My only concern with this pair is the possibility that the GBP/USD could bring down the EUR/USD as well.  Therefore stay very aware and conscious of the relationship between these two pairs.

More to come come of the other pairs in the morning…..