Recap: A nice falling resistance break did occur yesterday, however we did not take it as we mentioned yesterday because news has been very bearish out of Eurozone of late. For those traders who did take it (email alerts were still sent out) the trade could have easily netted almost 180 pips. We did take in 160 pips from our GU and UChf swing trades, and lost 60 pips on our UJ trade.
Trading Idea: Is it Friday already? It has been a very profitable week for us in swing trading and we will look to keep the success going next week as always.
We will not trade today (our Friday rule) as Friday’s tend to be low volume and high volatility. For you aggressive traders there is a nice horizontal support at 1.3150 that we are short-term bearish below, bullish above.
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February 17, 2012 at 08:41
Morning all
February 17, 2012 at 08:42
thank you @Mark ! yes it was a nice week hope will be better next one !! have a good night and a nice week end!
February 17, 2012 at 08:45
AU-US is your plane going south or north
February 17, 2012 at 08:49
have an eye in 0740
February 17, 2012 at 16:33
@maher !! as i said http://imageshack.us/photo/my-images/72/rttf.png/
February 17, 2012 at 08:45
gm @bassline, @saharaview and @all. Great week this week. Lets have an even better one next week :)
February 17, 2012 at 08:53
I totally agree with Mark’s 1.3150 ! Thank you Mark!
February 17, 2012 at 09:06
thanks @mark for met too this week was profitable, i hope to keep it up and the nice thing about piphut is that you are trading “with a little help from my friends”
February 17, 2012 at 09:07
coffee time!
February 17, 2012 at 09:11
Good job piphut! Any PRO membership slot available? I will want to join now.
February 17, 2012 at 18:17
Yes, you can signup at http://piphut.com/signup
February 17, 2012 at 09:12
Yes coffe time for me too
February 17, 2012 at 09:14
grrrrrrrrrrrrr a triangle bearish in five
February 17, 2012 at 09:18
3118 /3138
February 17, 2012 at 09:24
@saharaview, but a pennant bullish in 30, 3131 to 3143 and then 3163
February 17, 2012 at 09:25
@Piphut, Good evening, and thank you for today analyze, wish you a nice and great week-end
February 17, 2012 at 09:28
some data from yesterday comment, maybe can help a little more?
Comment left on:
February 17, 2012 at 06:46
@luxmafx says:
@Venus, happy to know that, for today we have some data to watch this maybe a good help for technical decision but do not forget the news decision please on this pair:
Pivot (Daily): 1.3087
Support: 1.2717 1.2902 1.3015
Resistance :1.3200 1.3272 1.3456
Projection:1.3189
Trend line : 1.3146
Reversal High: 1.3178 Break out High: 1.3230
Reversal Low: 1.3079 and break out Low: 1.3028
LowHigh +50% 1.3065 LowLow +38.2% 1.3043
February 17, 2012 at 09:38
hop!!!!!
February 17, 2012 at 09:44
Comment left on:
February 17, 2012 at 08:33
saharaview says:
my area to try a long for 35 pips!
February 17, 2012 at 09:44
now enough bulls!!
February 17, 2012 at 09:45
GM@Mark,@Luxma,@Sahara,and @all.
February 17, 2012 at 09:53
@clem, good morning to you too, GL
February 17, 2012 at 09:54
@saharaview, closed @3165 and you?? United bullish partnership :-)
February 17, 2012 at 09:56
yes friend !!! we will change for bears co!! (till 3145 area ??
February 17, 2012 at 09:55
I m with you Sahara and Luxmafx
February 17, 2012 at 09:58
nice to have a cat with us !! but nothing to drink ? (milk for you and a beer for me please!
February 17, 2012 at 09:58
nice @brunoot45, to have you on board @Saharview, my friend I do not see any bearish sign right now but still a correction possible, if it will do that then waiting for another buy
February 17, 2012 at 09:56
that 3117 was in fact a good support and as long as this hold the bulls will remain active
Comment left on:
February 17, 2012 at 08:24
@luxmafx says:
watch 3127 downside 3117 last support over this point 3143 then 3163
February 17, 2012 at 09:59
A coffee if you want…
February 17, 2012 at 10:01
Sahara was more with Johnny Walker happy but since Johnny no more here now he is happy with a beer, Coffee for him when I am no more here
February 17, 2012 at 10:04
ah you see!!
February 17, 2012 at 10:04
0820 GMT: The Greek press is reporting that Greece could introduce legislation forcing bondholders resisting a debt swap to participate in the deal. Meanwhile, the German press reports that the IMF told the EU it wouldn’t support a second Greece bailout without a guarantee of debt sustainability. Elsewhere, the Greek culture minister has resigned.
0735 GMT:NZD had a field romp during the Asian session today after the RBNZ said statisical reporting could represent a 10% understatement of the actual GDP. Meanwhile, the BoJ’s Shirakawa said Japan’s 1% inflation goal is still a long way off, according to the BoJ minutes released overnight. The French PM has been on the wires this morning, saying there is no difference of opinion between himself and Germany’s Merkel regarding that the fact that “everything must be done to avoid a detault by Greece.” The IMF’s Prasad seems to disagree though, saying this morning that he believes Greece will eventually exit the Eurozone. Stay tuned for UK retail sales and Canadian unemployment later in the European session.
February 17, 2012 at 10:13
a question (vote,) 3190 first or 3145 ??
February 17, 2012 at 10:14
I am more for 3190 right now
February 17, 2012 at 10:22
but you did it again @saharaview, if you want 3145 then tel me before :-)
February 17, 2012 at 10:33
ah yes !! but close it below 3150 !!
February 17, 2012 at 10:13
ok guys watch 3170 very carefully if any closing hourly over this point then target will be 3225 first and then 3255, 75,95, but getting a closing under 3145 it may help the bears to push down again, do not forget 3117
February 17, 2012 at 10:23
Germany’s president Christian Wulff resigns amid scandal
February 17, 2012 at 10:26
GERMAN PRESIDENT WULFF SAYS HE WILL RESIGN
Is this enough to kill the rally in the past hour?
February 17, 2012 at 10:37
any one north train ?
February 17, 2012 at 10:44
I m with you my friend
February 17, 2012 at 11:00
entry ( 3140 will hold )??
February 17, 2012 at 11:07
out!!! grrrrrrrrrrr
February 17, 2012 at 11:26
i took the long at 1.3140…was expecting tp 1.3200, but saw the resist at 1.3170 …..and it’s friday (never be an aggressive trader on this day)…so tp at 1.3160….
I am good for this week! Hope the rest of the traders make fat pips!!!
PS. I may go short if a sustained break of 1.3100.
February 17, 2012 at 13:14
still fighting with one lot if up ok (my sl 3110
February 17, 2012 at 12:38
g day trader hw has it been justy came back form hols now and to say hi will start trading next week
February 17, 2012 at 13:30
Orders Long $1.3280/85, $1.3215/20
Orders short $1.3105/00, $1.3080, $1.3045/40, $1.3005/00
February 17, 2012 at 13:31
options expiry prices for today 15 GMT
EUR/USD $1.3000, $1.3060, $1.3100, $1.3110, $1.3200
February 17, 2012 at 13:34
someone was calling 3190 ??
Comment left on:
February 17, 2012 at 10:13
saharaview says:
a question (vote,) 3190 first or 3145 ??
February 17, 2012 at 13:38
made both but was easier south!!
February 17, 2012 at 13:46
south is always easier my friend, when it is going down we have over 200 comments here, up not more than 80 :-) no one is Euro friendly !!! but guess what, Mar Bunds continue to remain pressured amid long-liquidation of risk-aversion trades as optimism over Greek deal and ECB considering Greek PSI for central banks and Greece inflation lower, how??? all in all as I said days before, they need cheaper USD for a better result for next Election, here we go, from last step on the ground to the Top of no one imagination,
February 17, 2012 at 13:48
now a closing hourly over 3175 and all is clear to the break out high @ 3226 but be aware of a nice 30 pips correction from here if we do not see any closing over 75
February 17, 2012 at 13:52
hello all
February 17, 2012 at 14:14
I want to see 3226….
February 17, 2012 at 14:19
@brunot45, I think 3190 was enough for today and for the rest of the day standing aside and enjoying week-end, this can be very well going to 3225 but it can also be very tricky
February 17, 2012 at 14:25
i vote ” between you” 3226 -3190) let see 3203
February 17, 2012 at 14:27
hahah
February 17, 2012 at 14:43
out for me ..A beer Sahara?
February 17, 2012 at 14:46
if 3203 YES!!
February 17, 2012 at 14:48
3190 very hard to break
February 17, 2012 at 14:49
to @ayousa ??
February 17, 2012 at 14:50
are you here @ayo
February 17, 2012 at 14:56
go to register and you will receive a daily signal eu (free) and you can come in forum it s free too @ayo
February 17, 2012 at 15:01
who ‘ s Ayo?
February 17, 2012 at 15:02
a new friend
February 17, 2012 at 15:04
ok ..not beer today
February 17, 2012 at 15:09
no out 3175 (sl hit grrrrrrrrrrrrr
February 19, 2012 at 18:50
Three bearish hammer on weekly chart,euro ready to dive))
February 19, 2012 at 19:03
Sorry Dean but I aint seeing that bearish hammer on my weekly chart. But what I do get on both my Dailly and Monthly charts is a Bullish Hammer 2.
Since I’ve been away for some time for personal reason I may be wrong here though???
Anyway, lets see? :-) How they say this again???? “Caution id the Mother of Wisdom?? :-)
Mind your head and watch your step…:-)
GL to you Dean….Catch you one day soon….Lots of recovery to do for now….
February 19, 2012 at 23:20
hi there johnny,
i hope you are alright, nice to see you inhere!
nice gap on eu, when will it close, tonight, tomorrow?
February 20, 2012 at 03:59
Hi,Johnny,yes bearish hammer confirmed on weekly,but it may rise to 1.34 before sharp drop to 1.25 and lower.