Archive For "January, 2012"

…is now in your dashboard!

Daily Outlook: We are closing our long from yesterday’s primary trade (break of falling resistance) at current price for +50 pips, capping a 140+ pip day for our swing trading in PRO. The email alert for PRO users went out at 1.3133. We are tracking a new rising support today:

And we will look to get short on a break of the rising support – but with a tight trailing stop as the primary trend is still extremely bullish. It is hard to not feel like the markets are “buying the rumor” of a Greece debt deal at the moment (which has still not been reached but is expected by week’s end) and then will “sell the news” once the deal finally hits the wire. Either way we stick to the technicals – which are bearish with an opportunity for a short.

Trading Idea: Primary trade is a short on a break of rising trend support (currently at 3150 and rising – emails will be sent to PRO users) with targets at 20/20/20/20 for 80 pips. Tight targets and tight SL as trend is bullish at the moment.

We will look to get long when the primary finally hits and a new falling resistance is formed and broken – emails will be sent to PRO users for this too.

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… is now in your dashboard!

Daily Outlook: The EU uptrend remains intact with price making steady higher highs and higher lows since early last week. Price is currently dropping underneath a nice and clean falling trend resistance line:

Markets may be reacting a bit to more rhetoric out of Berlin about Greece basically giving up its fiscal sovereignty in order to receive another bailout which, in some analysts view, would be nothing short of the annexation of Greece by Germany. Interesting times. Whether that is true or not we find the falling resistance technically credible and will look to get long on a break above it.

Trading Idea: Primary trade is a long on a break above the falling resistance (currently at ~3135 and falling fast) – Pro users will receive email alerts – with targets at 20/20/25/30 for 95 pips profit.

We don’t have a secondary trade currently (we will wait for a rising support to form for our secondary) but aggressive shorts could be taken underneath the resistance line. Volume could be on the light side today as it is moth end but we expect volume to return to normal tomorrow.

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… is now in your PRO Dashboard.

It is Friday so we are not trading today due to our “Friday Rule” – low volume creates higher volatility which can play haywire with technical analysis.

Have a good weekend!

Daily Outlook: EU has entered a very tight consolidation entering the weekend after a very bullish week during which the pair has risen almost 550 pips. I guess we can all agree that the weekend gap was definitely closed from this Monday :).

The tight consolidation is between 1.3120 and 1.3070 (50 pip range) and, if we were trading today, we would look to take a breakout in either direction. More European bailouts appear to be on the horizon, even if the IMF is currently under pressure from taxpayers across the globe – next week should be interesting to watch.

Trading Idea: We are not trading today due to our Friday rule (low volume creates higher volatility). If we were we would look to trade a breakout from our tight range in either direction with targets at 20/20/30/30 pips for 100 pips profit.

Have a good weekend and answer the poll!

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We’ve got a new MUST READ article for PRO users on Swing Trading – this is the style of trading that we predominantly use in all of our analysis, free and PRO.

Click here to read our new article on How to Swing Trade

So read it and please ask questions at the bottom of the page. Your questions and our answers will be available for everyone to see so we can build a sort of FAQ at the bottom.

Enjoy!

-Your PipHut Team

… is now in your dashboard!

 Oops, almost forgot – we came out with an updated strategy guide today where we discuss 7 advanced but straightforward and profitable trading strategies. They can be used with or without CandlePRO (it’s just a whole heck of a lot easier with CP) if you are knowledgeable in candlesticks.

Check out the new strategy guide here.

Tomorrow we will release the swing trading strategy, which is the strategy we mainly use for the daily analysis (e.g. short on a break of support, long on a break of resistance).

Cheers! – PipHut Team

Daily Outlook: Yesterday we were looking to get long two different support levels with good confirmation and we got it around 1:00p yesterday when the 12:00 1h candle closed as a bullish doji. We didn’t enter right away – instead we followed CP’s Backtester and set our entry 36 pips below the bullish doji (a “pullback”), which was the most profitable trade over the past several years:

 All targets were hit on yesterday’s trade for 95 pips profit (those were the targets we gave in yesterday’s free analysis – if you only followed CP’s Backtester to the letter than you *only* walked away with 72 pips).

Today the pair is currently consolidating into a tight ascending wedge:

We will look to trade a breakout of the wedge in either direction, though our first preference is to the upside as the pair has shown much bullish strength this week. Either way we will keep our SL tight!

Trading Idea: Primary trade is a short on a break below rising support, currently at 1.30 and rising, with targets at 20/20/30/30 for 100 pips profit.

We will also trade a topside breakout of 1.3070 with targets at 20/20/30/30 for 100 pips.

Happy Pipping! Don’t forget to answer today’s poll:

Today’s Poll: 

* * * Want email alerts when our trades are triggered? * * *
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Using CandlePRO

These guides have all been updated and refreshed with new examples using the new CandlePRO! In all we cover 7 unique strategies in this guide. Tomorrow we will be launching the guide for swing trading!

We also added an FAQ at the bottom of each guide so if you have a question simply type it in and we will answer for everyone to see!

Enjoy!

Using CandlePRO (click here to view)