No signals for the EUR/USD pair today as US Banks are closed for Thanksgiving holiday. From wikipedia:
“Thanksgiving Day is a harvest festival celebrated primarily in Canada and the United States. Traditionally, it is a time to give thanks for the harvest and express gratitude in general.”
No need to be from the US to celebrate this holiday – take a little time out to say “thanks” to the people who are important in your life and for all that you have!
Of course PipHut’s Forex Candlestick Signal Service is still running so feel free to check in there for candlestick alerts. Also you can catch up on some of the Learn Forex articles, post in the forums or feel free to discuss your day’s trades in the comments below as usual!
Best,
Mark
November 26, 2009 at 07:06
Hi Guys
Now that Mark is taking some time off – let’s see what we have learned sofar. I think it will be great to hear all your trading ideas. I know it will be difficult cos of the volume, but let us at least try!!
Well, here’s mine, short & sweet I think it will retrace to more or less to 61.8 Fib 1.4985 if the support of 1.5050 can be broken. On the other hand we might see consolidation in a narrow range.
November 26, 2009 at 07:08
The volumes are not so bad during the morning trade in London!
November 26, 2009 at 07:16
Hallo Hendrik
I think this is a great idea!
Stockhastics is below 80(moving down)
RSi is below 50
I will also go with fibonacci retracement levels
Short at 1.5100 with targets at 1.5050 ,1.5015 (38,2%) and 1.4980(50%)
November 26, 2009 at 07:19
Oh I forgot the target for a long can be 1.5080
November 26, 2009 at 07:30
Target long???
Now I have lost you!
I thought you are going SHORT??
November 26, 2009 at 07:40
I am SHORT but remember I’m in trouble (and so are you) and will be for days. I can’t partake in a long trade cos I do not have a second account. So my trading idea is for demo purposes.
Zar remember not to add too much to your short position as it easily can backfire. For you and me – trying times!!
November 26, 2009 at 07:44
Yip I got lucky with my gbp trade!
Hoping for the same on eur…
:)
I think I will definitely start buying at 1.4890??
:)
Thanx Hendrik
November 26, 2009 at 07:45
Have you closed your short?
November 26, 2009 at 07:53
Only on my gbp/usd!
But Eur/Usd still going SHORT!!!
I think if it is going to break 1.5050 , it can easily see 1.4980
November 26, 2009 at 07:42
GBP/USD fell right to the 61.8% fibonacci
So I do think here is hope for the eur to get close to 1.5000!
November 26, 2009 at 07:44
Zar have a look at the Average Direction Index. On the 4H its about to open up for going down
November 26, 2009 at 07:54
Average Direction Index?
I dont really know this indicator?
How do you use it? And what does it do?
November 26, 2009 at 07:58
Look under trends on the MT4 platform
November 26, 2009 at 08:06
I dont with global trader!
I found the indicator! And currently its on my graph…
But what does it do exacly??
November 26, 2009 at 08:13
Look under help topics: ADX its more or less the same as the Stoch with an extra indicator what it is I’m not sure but it seems like a volatility indicator
November 26, 2009 at 07:49
The EUR/GBP is going like a oil tanker
November 26, 2009 at 08:22
ok my trading idea on the eur/usd is to buy on the dips, looking for candles around fib level 1.50625, 150125
November 26, 2009 at 08:23
O ok thanx Hendrik
:)
November 26, 2009 at 08:27
Must yo buy metatrader???
November 26, 2009 at 08:30
No its the platform that the broker is using. Does your chart look like Mark’s. If so its a mt4 platform
November 26, 2009 at 08:38
Zar the eur 5M is now trading under the 89MA. It might look good for us to get out of trouble
November 26, 2009 at 08:44
o yes!
I am waiting for a break below 1.5050
:)
November 26, 2009 at 08:56
Hey Hendrick, Zar,
I am in and will try to follow. On a Demo that I try to trade like a real account. But this looks like a very good learning op. Thanks!
November 26, 2009 at 09:05
Ed lets have your input!!!!
November 26, 2009 at 08:59
Welcome Ed!
So what do you think will happen today? And why?
November 26, 2009 at 09:04
It looks like its hard to pass 1.5060
November 26, 2009 at 09:18
Ed you can’t be a spectator today — come on lets have it!
November 26, 2009 at 09:35
I am a blank slate today boy’s.;)
OK. Here’s what I think. From what I have observed from yesterday and today…is the market is so thin that as soon as a number of entry orders are filled ( either short or long )they soon begin to dry up. So now all that’s left for Market Marker is the SL’s that came with the entry orders. Have you noticed how a good signal turns quickly into a false signal these last 2 days?
Anywise, the above has nothing to do with a tech contrabution. Wish I had more to offer. :(
November 26, 2009 at 09:36
Last night i said i think there is a dip to 1.5050 coming and its just touched 1.5050 and bounced back up :/
looking on rsi 50 is acting like a suport bounced back up 2 times allready …
and 1h stochastic is reversing back up allready….
idk if it will go any furder down …. some one is trying hard to push price up lol
November 26, 2009 at 09:36
I was 2 pips out to my own dissapointment as I sincerely hope that I will be wrong. Oh well I’m for now am still stuck with that short
November 26, 2009 at 09:39
Welcome Jevgenij
I thought it going to be just the three of us.
I’m long on a demo
November 26, 2009 at 09:40
Yes 1.5050 looks liks good support so far…
But I am hoping for that break!
Still in short :)
November 26, 2009 at 09:42
I jumped in too soon the trend is still down. The M5 just touched the 89MA
November 26, 2009 at 10:12
i wish i could stay and talk about it with you guys but i have to go to work :/
yep i hope that i goes below 1.5050 to because i have on more lot left :)
went short with 2 lots at 1.5140 last night first one was just hit 30 min ago at 1.5050 and second one is wayting at 1.5000 ..
My toughts about the pair tooday is if all goes well we will see a hanging man on a daily chart and a sell off toomorow or next weak … if not i would close my positions and start ower again .
guys by the way you have a nice hammer on GBP/USD on 1h chart …
Happy Thanksgiving !!!
November 26, 2009 at 10:55
Thank you for your input Jevgenij
:)
Well spotted on the gbp/usd :)
November 26, 2009 at 11:55
EUR/GBP
There’s a shooting star on the 1H, but I do not trust the pair for a short as something is driving it up & up
November 26, 2009 at 12:43
EURUSD There is a bullish doji 30min. But I shorted as today everything seems backwards. Will see how it works out. :D
November 26, 2009 at 12:45
Well my first take profit level was reached…
:)
Now for 1.5015
November 26, 2009 at 13:18
Good work Zar. Keep us posted!!!
November 26, 2009 at 13:35
Zar
When did you go short? Is it to recoup the neg. pips? If so good show man!
My first short to recoup is at 52 and things look good – trend is not too bad.
Tip: As soon as you are in profit with a short to offset the lower short, watch it carefully. It might turn upwards. Rather take the profit and short again on a M15 rally. I often use the M1 & M5 to anticipate a turn around.
Let’s hold thumbs that we not only get out of trouble but make some money!!!!
November 26, 2009 at 13:38
Do you guys think we make misuse of Mark’s facilities?
Oh well — if the cat’s gone……..
November 26, 2009 at 13:48
lol :)
Yes I went short yesterday at 1.5000
And did some more shorting today!
But 1.5045 I will break even!
Do you think I should take it and run?
:)
R you still in SHORT?
It seems that 1.5050 is a good support so far
November 26, 2009 at 14:23
Zar
I need 60 pips from 52 to break even. It can be less if the trend is strong south then I can add to my position.
November 26, 2009 at 13:53
Hendrik, It looks like your 32.8% fibonacci level is holding strong support…
:)
November 26, 2009 at 13:54
Soory I meant 38.2%
November 26, 2009 at 14:09
LONG EUR/USD from .50684
November 26, 2009 at 14:25
If can break through the support I’ll be happy
November 26, 2009 at 14:59
You must be feeling chipper now Hendrick! My first TP was hit now locked into profit. Still have some loss to make up though.
November 26, 2009 at 14:39
To me it looks like a bearish trend.
November 26, 2009 at 14:56
Shorts prevail …
November 26, 2009 at 15:00
I think we should entered long at 1.4850
November 26, 2009 at 15:11
Zar, Ed
I’m glad I was wrong!!
Now its difficult. Do you take profit or wait for more money.
Do you guys know the song of ABBA: Money, Money, Money,
Its so hard not to be greedy!!
November 26, 2009 at 16:01
I have been doing this on a demo for almost 2 months ( at least 4 more to go ). From what I have read and witnessed, greed is not good. Seems like one should concentrate on money management ( risk/reward ). My take is, just concetrate on getting singles and doubles. Don’t try to hit it out of the park every time. The home runs will come. Just have to be patient. :)
November 26, 2009 at 16:07
You are so right Ed. You sound like my wife!!! But when there’s money to be made she likes to spend it!!
November 26, 2009 at 16:33
he he…me thinks she just wants to help you make more so she can spend more. ;)
November 26, 2009 at 15:14
Sorry 4985 is still to come!!
November 26, 2009 at 15:43
Guys were are the rest of us? Are they all eating?
November 26, 2009 at 16:13
Zar I’m out of trouble ! Are you?
November 26, 2009 at 16:14
Hey Pip Collectors.
the cat is not here, the mice sleep.
I heal my wounds after being hit 180 pips after having entered shorts yesterday before midday gmt.
I had to go to sleep, am in Europe and SL closed my shorts with huge losses. I wish, I had kept it open till today. Was impossible to sit overnight.
Guys, kick me up not to lose confindence again.
The only thing I learnt. The stoch showed, the eur/usd would go down. An it did. On the other hand, the news sais, we might hit 1,52. Scary.
This is forex.
November 26, 2009 at 16:25
Wito we are here to help one another. Do be afraid to ask for assistance. We, at least I have been in that positon many a time.
November 27, 2009 at 08:16
Hendrik,
you are a good mate, thx. Can you see what is happening? I would have even made goood pips if it had hold until now.
Mark, I will tell you sth. Your site and signals are great. Example: without your signals I tried, this time demo, on 8 pairs to predict directions having analised a bit technically. Only two pairs plus and 6 pairs retraced negatively. A looong school to go yet:)
November 26, 2009 at 16:17
sorry, -80 pips it was. but no good at all.
November 26, 2009 at 16:27
Waiting to go long as soon as the stoch bounces off the bottom, RSI up to the 50 and the 5EMA cross above the 10EMA. Also, a nice bullish candle pattern would would seal the deal. ;0)
November 26, 2009 at 16:30
Zar I have closed my short positions – and made a bit of profit – there’s a hammer on the M30 so I think it’s time to get out. At leats I’m gld my trading idea was wrong. I live to fight another day. Any case it was fun ebnd exciting
November 27, 2009 at 04:01
Hallo Hendrik
Sorry I was sleeping… :)
I made some very nice pips!!! :)
Thanx Hendrik and Well done
I am glad everything worked out for me and you!
I have learned alot!:)
November 26, 2009 at 17:14
I’m placing a buy stop at 1.5000 which is at the 23.6 fib
November 26, 2009 at 17:15
First target 1.5070
November 26, 2009 at 17:52
Was sitting out today – made loads going short on my demo account but now live for the trip up
i am long at 1.4990 was worried about the price dropping from 1.500 but it looks like we are through – so on track for your 1st target Hendrik.
November 26, 2009 at 18:50
I bid you all good night. I’m tired of all the postings. I think we all succeeded. Zar and me are out of trouble and at least are looking forward to a good night’s rest.
Mark
Sorry we took over — I enjoyed it. Your teachings are not wasted. Thanks mate. Thanks for the use of your facilities. I think the ones that participated learned something.
And the rest of us — we will never stop learning — we will allways be students — the market has the tendency to keep you humble…
November 27, 2009 at 04:02
Yes thank you Mark!
This was fun :)
Well done Hendrik and Ed
November 26, 2009 at 23:14
I just went short.
November 26, 2009 at 23:41
First TP hit. Now locked into profit!!:D
November 27, 2009 at 00:09
Second SL just hit on the pull back. But I will take the +30pips none-the-less. Man that was a quick one!