Hi Mark, I’m new @ trading and signed up with FXCM. I’m trading off their Marketscope because I like …

Hi Ana, welcome to PipHut! I avoid talking about brokers because PipHut isn’t affiliated with any brokers and I try and keep it that way. Every broker is going to have their horror stories because trading currency is such a risky proposition in general. That being said I think FXCM is better than most.

Hi Mark, to me the support was 1.4900, but your fibonacci was 1.4950, and you win, so… how do you know when to use fibonacci or sup/res?

I consider the Fibonacci lines to be equal with other support/resistance lines – no added weight. So if I have a Fib line at 1.20, a normal support at 1.10 and another fib at 1.00 I consider them all of equal importance. It just depends on how strong the trend is and how volatile the market is for which I one I pick as most significant that day. And if price charges through one with no bounce/confirmation then I look for the next one.

Isn’t the MACD a lagging indicator??

It is. The only indicator I use is the ATR and I don’t actually use it – it’s just handy to see what the volatility is at a glance. Sometimes it will effect my stop losses or how far away my entry orders are.

Andy first off I stand to be corrected and I would Like to hear from Mark as well – he’s the expert. I would say that the closing price of the next candle after the hammer must be higher than the hammer’s opening. Failing that look at the second bull candle with the same criteria. Mark what do say?

I went long after the hammer at 1.4955. Took profit at 1.5005 after the failure of the second target at 1.5015.

what is your average S/L?/blockquote>

Hi Dwight, read the article on the left entitled “Learn Forex: Money Management”. Basically SL can vary depending on the trade setup, where support/resistance are, how volatile the pair is, etc. But I would say in general on the EUR/USD I like at least a 40-50 pip SL.

hi mark your almost all signals are working. but i have no courage to buy i m so scared because i lost already so much money but i noticed on your site most of signals are working..but how can i get in my email i already sign up with you..You just best

Hi Zunasa, start with a demo account. Since my free signals don’t say “buy/sell here, tp here, sl here…” they take some getting used to and they also take some knowledge and confidence so you can set your own SL and TP. So start with a demo account, build up your confidence and also talk to the traders here on the site who are successfully using the analysis. Welcome to PipHut!

Mark, the Terminator asked: “Do you feel lucky?”. Yeah! This morning I saw the shooting star on the 4h chart and just could’nt resist it. Entered at the high of the 20MA, tight SL of 24 and TP 50 pips – I’m going down and join you on the way up

:)

Where can I receive the PipHut signals service ?? I can only see the eur/usd?

Sorry, signals service is not publicly-released yet. I updated the post above to avoid any confusion.