* I’ve moved yesterday’s recap underneath the trading idea, it will be there from now on :)
Daily Outlook: Pair is teetering on the edge of a cliff right now, on one hand it is having difficulty finding buyers below the scary 1.31, while on the other hand the short term trend is up and investors seem much more risk-friendly than they did just a few months ago. This has shown itself on the charts as a bearish doji signal Tuesday and a bearish-looking candle yesterday (body was a bit too big for a doji – it still has a bearish wick though).
Where does that leave us, the lowly day traders? Personally I still have my short open from yesterday (1.3015 area) with a target down to the 1.2815 support, but that is not an intraday trade and may take a bit to unfold (if it unfolds at all).
As always check the candlestick alerts for intraday trading opps and watch out for the Initial Jobless Claims (forex calendar has details).
Trading Idea: Because yesterday hardly moved my signals will be identical:
“1.2950 is today’s key level – I am bullish above and bearish below. Primary trade will be long near 1.2950 support with targets at 1.2975, 1.30, 1.3030 and 1.3060 for110 pips profit.
An aggressive short would be to sell on a sustained break below 1.2950 on the 4h charts, with targets down to 1.2915 and 1.2815 for 135 pips profit.”
Happy pipping!
Recap: No signal was tripped yesterday.
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July 29, 2010 at 09:26
I feel kinda disappointed, so much waiting for the consolidation to break and now what, 30 pips up? Let’s see what happens next.
July 29, 2010 at 09:42
I am waiting for a pullback at least to 1,3045.
I was expecting the consolidation to continue until tomorrow.US will most likely post bad numbers today and defenetly tomorrow (GDP).So I thought that would bring a strong break :(
July 29, 2010 at 09:26
back at 8:15
July 29, 2010 at 09:30
@MONSAN
As per Mark’s todays title of his signal…I would like you to “Follow…to the edge of the Cliff…And then Please jump right there….(Sorry but you’re beginning to annoy me a little bit by coming up everytime with your proposed trade signal….And, No I dont follow…never!
Cause if this is gonna make pips then my Grandma also will start trading right now :)
Stay in here (with Piphut) if you wish, but please dont start “spoiling” the place. Hope you get the message?
July 29, 2010 at 09:31
Well said!
July 29, 2010 at 09:33
Option expiries for today > euro $1.3100, $1.3025, $1.3000, $1.2955, $1.2900 / yen Y87.50 / aussie $0.9030, $0.9040, $0.9050
NOW i go
July 29, 2010 at 09:39
what will the effect be of these options expiring?
July 29, 2010 at 09:36
Word up, I think that taking those signals to a room or so would be better. Sorry.
July 29, 2010 at 09:38
fffolloww me and you will make money
July 29, 2010 at 09:33
@TTOM … Me too (Hope Monsan will be playing with his toys when I’ll be back :))
July 29, 2010 at 09:36
order 10 , moved tp from 3080 to 3085
July 29, 2010 at 09:38
dont stay away @ttom and @johnny i think it will be a nice day we need y help and view!!
July 29, 2010 at 09:38
johnny are rigth, monsan must open his own website
July 29, 2010 at 09:41
dont push me guys , i will not do what you want
July 29, 2010 at 09:43
but if you have a signal i will follow or something about forex , will be cool ,
July 29, 2010 at 09:39
Hey Monsan, I am leaving…You follow me ???
See ya’ll later. Enjoy…(with Monsan! Pfff..Glad I do not get disturbed any longer with those postings for a while :))
July 29, 2010 at 09:45
order 10 – sl moved to 3070
July 29, 2010 at 09:48
anybody have any thoughts on E/J?
July 29, 2010 at 09:50
long from 113.90.hop it pans out well.
July 29, 2010 at 09:54
Just above the daily pivot eh?
My thoughts too – waiting for hourly to close above it.
July 29, 2010 at 09:58
@monsan respect man but if u were to post ur opinions along with some analysis, i think it will be better. You do not expect ppl 2 follow u blindly. lol everybody pip well :))
July 29, 2010 at 10:02
follow my thoughts in that way , if you want , i will not change the way i post my profits , and my analisis is simple ,support ,resistance and pivot that you can get here at piphut page
July 29, 2010 at 10:06
Oooooo Kkkkkkk. no fighting!
July 29, 2010 at 10:07
only on pfc channel , but forex is a fight too , as we can see , only sharks play this game
July 29, 2010 at 10:03
order 10 closed , profit 25 pips
July 29, 2010 at 10:04
since im here up to 35 pips profit
July 29, 2010 at 10:07
35 pips from all dat posting….hmmmm.i rily must follow myself,i’ve done far beta dan dat today.
July 29, 2010 at 10:10
Hi @monsan,
No offence intended but you are spamming the posts and its annoying… you think you could be a little more considerate and post your signals on a different page?
Thanks and gratz on your 35 pips.
July 29, 2010 at 10:12
dont push me acky74
July 29, 2010 at 10:14
order 11 – open buy at 3080 , tp 3100 , sl 3074
July 29, 2010 at 10:21
ow about dis @monsan,i’ve bin up +120 pips so far on several pairs,so y not follow me.and please no pushing intended,give reasonable analysis here not just entry and tak profits.or beta still u could operate a premium service and see who’ll subscribe and follow you.dat way u get ur followers and still smile to the bank.
July 29, 2010 at 10:23
thx for the advice , but no , and about your signals i will follow them when you post
July 29, 2010 at 10:14
Hi @dutch,
E/J seems to be stalling :(
July 29, 2010 at 10:24
yeah mate……slow moves so far today.
July 29, 2010 at 10:16
will eu reach 1.3095 before retracing i have kept tp as 3095
July 29, 2010 at 10:20
Hi all how is yesterdy signal? I can easily pocket 64 pip yesterday. and today is another day.
The price as broken the PP on the for hours chart and for symetrical triangle and also broken that as well, I am waiting for the price to break the RR, before I make any descision today.
Thanks mark for your signal
July 29, 2010 at 10:21
3121 or 3048 ??
July 29, 2010 at 10:31
the chart will answer that :) but a lot of analyst believe 1.3120.
July 29, 2010 at 10:46
i asked this because Mark signal (short lot)(daily candles:2)…..and jobless…
July 29, 2010 at 10:29
i posted this a couple of days ago, and i think it still stands.. i think we will see wave 4 now followed by wave 5 throughout the next 5 days.
http://img153.imageshack.us/img153/1741/54108256.png
July 29, 2010 at 10:29
This is not a signal, this is for discussion purposes ONLY.
July 29, 2010 at 10:33
so lets discuss , what you have in mind , what you want to discuss forex or about myself
July 29, 2010 at 10:36
lets discuss yourself.. your are very irritating, annoying and spammer person..
but that is only me.. follow at your own risk everyone :P
btw: Im just kidding.. no hard feelings.. sometimes we need to smile to ease the tension of forex
July 29, 2010 at 10:39
its very emotional thats words , i feel sometimes that im in a circus
July 29, 2010 at 10:40
I think its just the drugs and alcohol…
heh heh
July 29, 2010 at 10:40
Hey Osama,
You forgot repetitive :-}
July 29, 2010 at 10:30
order 12 entry buy 3075 , tp 3098 , sl 3070
July 29, 2010 at 10:33
and we are 80 pips away from the main uptrend upper channel line and 260 pips away from the inner channel upper line.
and that is a long way to go.. my guess is that the wave to 1.25/6 is about to start somewhere around 1.308
July 29, 2010 at 10:41
How will the jobless claims affect this if it comes out as forecast?
July 29, 2010 at 10:46
The Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.
The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired.
On a week-to-week basis, claims are quite volatile.
Usually, a move of at least 35K in claims, is required to signal a meaningful change in job growth.
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
this was taken for the piphut forex calender.
July 29, 2010 at 10:51
Thankyou
July 29, 2010 at 10:45
Hey guys ignore this @monsan guy and concentrate on what u are here for. he is getting too much attention.
July 29, 2010 at 10:48
is there an ignore button?
July 29, 2010 at 10:49
i dont think!
July 29, 2010 at 10:54
im 100% sure that you do think, you just dont think So ;)
July 29, 2010 at 10:56
yes SIR !!
July 29, 2010 at 10:51
such comments tend to lighten d mood atyms so let him keep rambling.
July 29, 2010 at 10:54
followww me and you will make money , dont listen to that people that want only your money , follow me and you will be a happy man ,
July 29, 2010 at 10:52
Hey @dutch,
Did you get stopped out from E/J? :(
July 29, 2010 at 10:53
Wonder what caused that plunge…
July 29, 2010 at 10:59
all jpy pairs going crazy at d moment,wonder wat could be happening????no still in,used a wide stop.
July 29, 2010 at 10:56
i hate trading the JPY … it cost me a lot of money, i hardly win a trade on than currency :(
July 29, 2010 at 10:52
@monsan
look.. we really do not hate anyone here.. this is a very very friendly place, and the problem here is (i think) that you are scalping and not many of us do scalping around here.
there is a group however for scaling in the groups section.
in this forum we discuss the short-medium term EU affairs and sometimes we just hangout and make jokes to pass time as we wait for the currency pair to do some action.
all that being said..
nothing but respect to you. :)
July 29, 2010 at 10:55
so now is a scalping post
July 29, 2010 at 10:58
http://piphut.com/groups/scalpers/
July 29, 2010 at 11:46
hi @monsan. i don’t have as big money as you have. not able to scalp with spreads of 4-6pips. i will just ignore your posts here. this is your group: http://piphut.com/groups/scalpers/
July 29, 2010 at 11:47
no , now on this post is the scalper post
July 29, 2010 at 10:57
can any one tell me canadian and australian market time in GMT
July 29, 2010 at 10:59
Don’t know about canadian but sydney opens at 10pm GMT
July 29, 2010 at 11:00
check this website… can be useful :)
http://forex.timezoneconverter.com/index.cgi?timezone=GMT;
July 29, 2010 at 11:01
thank u acky
July 29, 2010 at 12:06
Canadian/US regulars open at 13:30 GMT during their Daylight Savings Time/14:30 GMT Standard Time.
July 29, 2010 at 11:05
followww the scalper , the best signal in piphut and the most famous and in only 1 days, imagine in 30 days , dont follow these scam who say about forex, they only want your money,
July 29, 2010 at 11:14
Who EXACTLY do you mean by “They” when you say “they only want your money” ?!
if you haven’t noticed yet, this site is free, and from what i understand that signal for the EU will remain free even after the premium service is launched.
so who is after my money exactly ?!
please stop being idiotic and allow us the piece of mind that we deserve .
in other words ( F*@$! Off )
July 29, 2010 at 11:37
hey people just dont react and that child will get bored by his stupid follow me game …. take it easy
July 29, 2010 at 11:38
LOL , I think you might echo a lot of other peoples thoughts.
July 29, 2010 at 11:27
in english pls.what on earth are you saying.
July 29, 2010 at 11:48
hi @monsan. i don’t have as big money as you have. not able to scalp with spreads of 4-6pips. i will just ignore your posts here. this is your group: http://piphut.com/groups/scalpers/
July 29, 2010 at 11:51
no now on is a scalper post , thats for sure , but i accept well all thoughts
July 29, 2010 at 12:08
Like fellow Piphutters are here to take your money? That’s insane. C’mon.
July 29, 2010 at 11:13
EURJPY is trading in a channel and 115.00 is in focus(top channel). A sustained break of it will confirm an inverse head and shoulders on the daily chart. but this is fx anything is possible just work with the chart. lol. for discussion purpose only.
July 29, 2010 at 11:17
AUD/USD H1 TF , a chance to short for 60 /70 pips .. what do you think ?
July 29, 2010 at 11:25
Monman can you also change your avatar that is irritating my too! Your mug is dominating my screen.
July 29, 2010 at 11:30
what you want , maybe a horse or a shark , or maybe a coffee and a bread
July 29, 2010 at 11:33
I swear! He’s on drugs!!! hahahhaha
July 29, 2010 at 11:39
walahi d guy is high on some cheap crack cocaine……
July 29, 2010 at 11:42
I think he is just stupid …. :(
July 29, 2010 at 11:35
Dick Helder…Login please & turn your name blue
July 29, 2010 at 11:36
Why so timb?
July 29, 2010 at 11:44
yes thats right……its irritating the avatar….
July 29, 2010 at 11:44
in 40 mn !!
July 29, 2010 at 11:48
what ?
July 29, 2010 at 11:55
BULLS ;may be takes us around…..
July 29, 2010 at 11:58
why ?
July 29, 2010 at 12:10
The 8:30 jobless numbers?
July 29, 2010 at 11:47
G’day. Eur/$ Where is this beauty headed now?
July 29, 2010 at 11:54
any chance we see 1.31 today????
July 29, 2010 at 12:00
i think we reached today’s high. but thats just me and im not an expert
July 29, 2010 at 12:07
If then after the news.I guess everybody is waiting to go short around 1.3120.This level must be hit within a couple of hours or we end up watching paint dry again like the last few days.Mike mentioned before that this break up was “only 30-45 pips” and that is really diappointing so far.
I would say no (opinion)
July 29, 2010 at 11:57
I want to put some fib levels for EUR/JPY and USD/CHF on my 4h charts.I managed to do that on EUR/USD and GBP/USD since it was easy to spot swing highs and lows.
Anyone got a site for that?
Thanks
July 29, 2010 at 12:01
i will open a short sell entry at 3070 , tp 3050 , sl 3085 and be ready for a uptrend after
July 29, 2010 at 12:03
dunno if this is what your looking for.. hope it helps.
http://img266.imageshack.us/img266/2474/95713513.png
Note:
I’ll happily stand corrected.
July 29, 2010 at 12:06
this was for @scotch
July 29, 2010 at 12:13
Well my fib levels on G/U and E/U are based on sing hights months ago.I am looking for really stron fib levels just in case.
Thank you, for taking the time to upload your chart
July 29, 2010 at 12:17
your welcome :) sorry i couldnt help.
July 29, 2010 at 12:22
Initial Jobless Claims in 7 minutes
July 29, 2010 at 12:33
@Osama
Forecast 457K
Previous 464K
Initial Jobless Claims has turned out positive for USD
now
EU should b going down right?
July 29, 2010 at 12:36
that it THEORETICALLY correct, but i never trade the news
July 29, 2010 at 12:37
with what we have on daily candles LEt s see!
July 29, 2010 at 12:24
News on the big buyers and the big sellers that just caught my eyes. http://www.forexlive.com/
July 29, 2010 at 12:27
everyone is following my thoughts
July 29, 2010 at 12:31
speaking for myself , im not .
Im not crazy
July 29, 2010 at 12:30
order 13 – moved my sl to 3070
July 29, 2010 at 12:30
1.31 here we come?
July 29, 2010 at 12:31
you are funny, I think it is a pullback right now, that was a fat white candle on last 4Hour, price can go back up….but just my thoughts I am nobody to follow.
July 29, 2010 at 12:33
what a idiot what you said , i put a sl dont you see
July 29, 2010 at 13:01
if someone is idiot here its definitely you @monsan with your behavior …
July 29, 2010 at 12:32
order 14 – buy at 3072 , tp 3100 , sl 3068
July 29, 2010 at 12:38
buy order at 3070 , full leverage
July 29, 2010 at 12:40
take profit 3110 , sl 3068
July 29, 2010 at 12:43
order 15 – sell entry at 3070 , tp 3015 , sl 3074
July 29, 2010 at 12:43
I hope when Mark wakes up he ends this.
Anyways, any thoughts on today’s target? 1.3150 maybe?
July 29, 2010 at 12:45
Was kinda hoping for primary trade to trigger today… but looks like that may not be so…
What do you think?
July 29, 2010 at 12:48
I don’t think we’re going back to 1.2950 for a longer while (as long as we stay above 1.30 ;p)
July 29, 2010 at 12:53
Yeah…true. We’re now playing in the 1.3 region now.
Be aware that 1.3100 is a very nice region for a lot of big traders to short, according to FIB techies.
I bet there are a lot of big traders waiting to cash out too… so beware!
July 29, 2010 at 13:15
no way and be carefull going long now.round number ahead :)
July 29, 2010 at 12:45
jig saw puzzle… see saw
July 29, 2010 at 12:50
buy order 3080