CP Update: First off, wow, it has been a long week! I’m humbled that so many people are bursting down the doors to get at CandlePro – I just wish I had bigger doors to let everyone in! Speaking of which I’ll be working as quickly as possible to migrate to a bigger and better server to, first of all, get the 50 US session seats out there at the discounted price and, second, open enrollment to everyone with a payment processor that accepts payment from countries such as Nigeria and Pakistan.
Things are going great though, with traders strategizing about the best ways to integrate with their trading strategies. It is powerful, so there are a lot of different ways to use it.
Daily Outlook: EUR/USD is mixed at best today and caution is advised. Medium term trend is still bullish, but it has lost some momentum in the short-term with a retracement to the 1.30 area becoming more likely. It is Friday so I will stay out of the markets (and get some much-needed sleep!).
Trading Idea: I think all trades are fairly aggressive today, but if I were determined to trade my primary trade would be a short on another failure (or bearish candlestick for CP users) of 1.3200 as the pair has failed to close above this level on the 4h charts a few time. From 1.3200 short targets would be 1.3175, 1.3145, 1.3115 and 1.3085 for 115 pips profit
For CandlePro users: that bearish engulfing on the UJ is enticing. The pair has been in a strong downtrend recently. Only real threat to the trade, technically speaking, is the strong daily support between 84-86 but that gives plenty of room for various TP levels.
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August 6, 2010 at 05:16
@piphut thx for today’a signal
August 6, 2010 at 05:17
Hi gm to all…. thanks for the signal….
Have nice day..
Enjoy weekend..!!!!!!!
August 6, 2010 at 05:26
your signal is really good for long position
August 6, 2010 at 05:44
‘morning Mark, ‘morning all…
mark, thanks for……. all :)
have a nice day/evening everybody
August 6, 2010 at 05:45
Hi everyone good morning… thank you for the signal!!!
August 6, 2010 at 06:43
Ani…aba..dieh..?
August 6, 2010 at 06:08
hi
…
August 6, 2010 at 06:39
GM all
August 6, 2010 at 06:47
Mark not sure if your there but ive still not managed to get into the system
August 6, 2010 at 14:04
@sheridano – can you submit a help ticket with what error you are seeing and what browser you are using?
P.S. Make sure you are using a newer browser (IE8+, FF3+). I recommend FireFox and it can be downloaded for free at http://firefox.com
August 6, 2010 at 06:58
Hi
Now
GBP-USD M15 Bearish ButterFly SL:1.5920
GBP-JPY M30 Bearish Bat SL: 139.20
Euro-CHF H1 Bearish Gartley SL:1.03870
Euro-JPY M30 Bearish Gartley SL:113.76
August 6, 2010 at 09:21
thank you mr nasiri!
bravo
i make 3500$ by your signals.
August 6, 2010 at 09:24
U w C
August 6, 2010 at 07:56
@nassiri where u get this signals from
August 6, 2010 at 09:23
form Israel :D
August 6, 2010 at 08:00
I guess from candles pro service, if so, that’s not fair ;)
August 6, 2010 at 08:27
Morning. It’s not from candles pro. It doesn’t have the patterns described and not the crosses mentioned.
August 6, 2010 at 08:34
why 10 more day’s? RuI
August 6, 2010 at 08:54
The candles pro signals are measured after 10 candles with total possible profit and total possible loss after the signal. So I got short on cable on yesterday signal, so we must at least let the trade go on for the following days.. I am aiming to 220 pips profit… Past candles show it’s quite possible so let’s see :)
August 6, 2010 at 08:57
Also, this profit level matches a good support on cable – around 1.5560. Of course I can be completely wrong and this damn cross just ignores my analysis and will fly north and hits my stop loss… :P
August 6, 2010 at 09:21
Hmm that means Candlestick pro is working great. ;) i’m not signup for the signup since paypal service is not available here.
August 6, 2010 at 08:59
Ok, gotta go to work, take care and good luck guys! Have a great weekend! :) @piphut Mark, thanks for your effort and for the great price for the access. Just have to make 69 extra pips on the month! ;)
August 6, 2010 at 09:03
somebody short now?
August 6, 2010 at 09:19
@zubeir hello; hve news from johnny
August 6, 2010 at 09:23
Hi @saharaview . What do you mean exactly?
August 6, 2010 at 09:27
we have not seen JOHNNY on the area tha s all
August 6, 2010 at 09:29
maybe he is busy nowadays.
August 6, 2010 at 09:21
Congrat Mark on CP launch, well done.
I look forward to your next registration open:) I got up at midnight last night in Aust. to get your 2pm registration session and saw that the server had crashed, bummer huh. Good luck with it, cant wait to signup.
August 6, 2010 at 14:07
Thanks @ozpips, I’ll notify everyone when registration is back open
August 6, 2010 at 09:29
@ nassiri to whom you says that???!!!!
August 6, 2010 at 09:41
mark, how can i get this signal
August 6, 2010 at 10:22
http://www.harmonicpatterns.com/
August 6, 2010 at 10:23
www.
harmonicpatterns.
com/
August 6, 2010 at 10:23
harmonicpatterns dot com/
August 6, 2010 at 10:24
harmonicpatterns
then add in the last part, tells you All you could ever want to know
August 6, 2010 at 10:38
TNQ ttom 2 this link
August 6, 2010 at 10:45
NEWS TRADING
Friday, August 6 2010
[7:00am NY Time]
We’ll be getting the Canadian Employment Change release number
tomorrow, here is the forecast:
CA Employment Change Forecast 14K Previous 93.2K
(Unemployment Rate 7.9%)
ACTION: BUY -15K SELL 45K USD/CAD
The Trade Plan
Canadian Employment Change report will be release at 7:00am sharp
today, and it’s the first of two tradable high impact news releases
for this Friday. What I am looking for is a minimum deviation of
30K, or the difference between the Forecast number (14K) versus the
actual release number; therefore if we get a positive 45K of
release, we should see demand for the CAD rise, therefore we should
SELL USD/CAD; however, if we get a negative number, such as -15K or
worse, we should see some weakness in the CAD, and that will be my
cue to BUY USD/CAD pair.
I’ll also pay close attention to the unemployment rate, which stands
at 7.9%, same forecast as last month’s release. As long as this
number does not conflict with the Employment Changes, we should
follow the direction of the news release. If we get a conflict, such
as better Employment Changes but higher Unemployment Rate, then
we’ll need to look at the context of the market before take the
trade.
[8:30am NY Time]
We’ll be trading the US NFP (Nonfarm Payroll) Employment Changes, it
is the most volatile news release for the week as traders and their
cousins all sit around in front of their PCs preparing to jump in…
Here’s the forecast:
US NFP Forecast -63K Previous -125K
Unemployment Rate Forecast 9.6% Previous 9.5%
ACTION: USD/JPY BUY +1K SELL -140K
The Trade Plan
With today’s release, as per a special report by Bloomberg, the
expectation ranges from -30K to +130K, counting on an increase in
the private sector payrolls estimated at +90K versus the 83K release
in June. This number has been revised up slightly just after ADP’s
report released earlier this week, which came out at a 42K versus an
estimate of 38K.
Of course, the Unemployment Rate will be another important figure
today as it is expected to rise to 9.6% from 9.5% in June. I believe
that in the event we get a conflict of releases, such as a better
NFP figure but worse Unemployment Rate, market will react more to
the Unemployment rate if both releases show large deviations,
especially if it’s above the psychological 10.0% level.
Considering some degree of consolidation that we saw during
Thursday’s trading session after ECB Trichet’s cautious speech, JPY
could fall under the old “Buy on Rumor, Sell on News” effect against
USD if we were to get an as expected release, or -63K; therefore,
I’d lean towards selling JPY (BUY USD/JPY) if both NFP and
Unemployment Rate come out close to expectation…
However, if we get a significantly lower release on the NFP (-140K)
and Unemployment Rate, I’d be looking to BUY JPY on a retracement.
There might be a chance to go LONG on GBP/USD or EUR/USD as another
disappointing NFP release could mean a bearish trend is developing
as traders may SELL USD on the perception of a possible slowdown in
U.S. economic recovery or double dip recession. But this movement
may be delayed as the initial market movement will be focused on
strong JPY, which will in turn drive all other major crosses lower.
On the other hand, if we get a positive NFP release (+1K) and the
Unemployment Rate remains at 9.6% or at 9.5% unchanged level since
last release, JPY should weaken immediately as USD/JPY may recover
and move above 87 or possibly 88 throughout the trading session,
eventually head back on to 90 in the next few weeks… This could
potentially turn into a long-term trade as other JPY crosses may
provide much better profit level (GBP/JPY for instance).
If we get a conflict release, we will wait and see how the market
reacts first. If there is an overwhelming sentiment driving the
market, there will be plenty of opportunities for entry. If you just
wait for 5 minutes before making an entry, you’ll get a much clearer
view.
August 6, 2010 at 10:46
@ nassiri for second time i ask you ..to whom you says that???!!!!(August 6, 2010 at 9:00 am · Reply
And then put u foot in u mouth .. TNQ)
August 6, 2010 at 11:13
nothing
this mess. is not 4 u
goodluck
August 6, 2010 at 11:12
found 2 metatrader .mq4 for harmonic patter plotting and detection here: http://www.trade-forex-harmonic-patterns.com/forex-trading-guide.html
August 6, 2010 at 11:44
@ttom, some time ago you posted a site with trading patters explanations, could you please send it again?
August 6, 2010 at 13:30
tried to go there but right now its down?
i dont know what happened but it would be a shame if is gone for good
http://www.tradingpricepatterns.com/
August 6, 2010 at 11:59
good morning everyone and mark. is good to be here now. so what’s up?
August 6, 2010 at 12:03
hello everyone! good to be around
August 6, 2010 at 12:06
mark, thanks for having plans for us in Nigeria.
i did not specify which payment system u would prefer.
i use liberty reserve and i hope that will do the work
August 6, 2010 at 12:56
guys what the hell just happened, price jumped then skyrocketed breaking major resistance levels! lets hope it breaks 3265
August 6, 2010 at 13:39
it is Non Farm Payroll today. The report caused the pair to sky rocket
August 6, 2010 at 13:09
Thank God for NFP, i have managed to recoup my losses today.
Thank God
August 6, 2010 at 13:20
pretty quiet in here today
August 6, 2010 at 13:45
its friday :)
August 6, 2010 at 14:03
Look at the price go up.
August 6, 2010 at 14:09
Now that is a price jump. Reason #296 I don’t trade Fridays.
August 6, 2010 at 14:27
it seems that we have a bearish butterfly pattern on both the eur/usd and gbpusd, this morning’s @nassiri signal on the gbpusd played out quite nicely.
http://forexrainbow.com/files/x2dy1yt4lt54h1xfyw9j.gif
http://i.imgur.com/uoj8A.jpg
http://i.imgur.com/FRmNW.jpg
August 6, 2010 at 15:06
@piphut how are y MARK not to busy with this new baby!!!
August 6, 2010 at 15:56
hi mark,
So this is candlepro service, so what about the most interesting part of the premuim service which is providing us with accurate signals. We were expecting this part to show up the first.
August 6, 2010 at 17:44
he said it will come soon he is the Quote “Q: What is the difference between this and premium?
A: CandlePro focuses on signals generated from candlesticks, and gives you the information to intelligently trade candlesticks. I recommend you watch the trade example videos on the launch page to really get a feel for what CandlePro does and does not do.
Q: Why not launch Premium and CandlePro together?
A: This is NOT the full premium service. Given the extremely positive response I got to the candlestick service tour I posted a couple weeks ago I decided it made the most sense to launch them as two different products. It then made sense to launch one product at a time so I decided to launch this one first.”
August 6, 2010 at 17:45
plus I like the idea, if he would have released prem. with all services would been more than 69 a month
August 7, 2010 at 07:07
@piphut Mark is there a problem with the login, i cant get in to do research.
August 7, 2010 at 09:11
Hi Joe, login appears to be working OK to me. Can you send details of your problem (any error messages you see would be helpful) to support AT piphut DOT com?
If you have forgotten your password then please try “forgot password” from the login screen.
Thanks,
Mark
August 7, 2010 at 11:32
Hi, Mark this is the message i got and my password and login is correct.
This webpage is not available.
The webpage at http://piphut.com/wp-login.php might be temporarily down or it may have moved permanently to a new web address.
August 7, 2010 at 12:44
hello @piphut.i hope you got my mail.do have a lovely weekend
August 7, 2010 at 14:11
@dutch how are you
August 7, 2010 at 14:45
i’m good my bro.hope you are having a lovely weekend so far.
August 9, 2010 at 02:28
After a minor consolidation, EURUSD continues its upward movement from 1.2732 and the rise extended to as high as 1.3333 level. Support is at the lower border of the price channel on 4-hour chart, now at 1.3194, as long as the channel support holds, another rise is still possible and next target would be at 1.3500-1.3600 area. On the downside, a clear break below the channel support will indicate that the rise from 1.2732 is complete.
August 9, 2010 at 09:38
the things i hear about the new candle pro makes me want to cry. mark , pls use other means of payment and let us we that are in Nigeria be a part of your good work. am begging you bro
August 6, 2010 at 08:29
I still didn’t make it big. I am playing the daily frames… I have to wait 10 more days… :)
August 6, 2010 at 08:38
I dont Use CandlePro
I working with Harmonic Pattern pul
I will keep my fingers crosses 4 u ……….
August 6, 2010 at 08:59
PLZ Look At This ..Demo Trader
http://forexrainbow.com/files/bj25sapfjgtidp46l1vb.gif
http://forexrainbow.com/files/x2dy1yt4lt54h1xfyw9j.gif
http://forexrainbow.com/files/18nrl3ylvkmwyjmxunzk.gif
And then put u fooy in u mouth .. TNQ
August 6, 2010 at 09:00
And then put u foot in u mouth .. TNQ
August 6, 2010 at 09:53
for finding harmonic pattern u should use Fibonachi
August 6, 2010 at 11:17
no.
ttom I said that using just fibo.. for recogn… harmonic pattern . And i use elliot , Technical & …
i just working with RSI & MACD indicator for finding HD & RD
August 6, 2010 at 17:49
ah yes but it is rare indeed that they move like that, a good number of them also are invalidated as well, read the webpage i posted earlier, these can be used for added confirmation but i know no-one that traded them alone. It would be just as easy to post ones that did not work as well
caution is warranted here
August 6, 2010 at 09:13
@nassiri
what do you mean?
August 6, 2010 at 09:35
@nassiri could u provide a link for your harmonic pattern detection signal my good man?
August 6, 2010 at 09:41
yes, please send me a link to the Harmonic Pattern.
August 6, 2010 at 09:48
http://www.scribd.com/doc/11925054/Harmonic-Patterns
August 6, 2010 at 10:41
or use an indicator that looks for them in MT4 platforms
the Zup indicator defines these in MT4 and has been around for years
http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading.html
another place to start