Intraday Update
Good morning PipHutters! Charts are a bit mixed at the moment so we will be doing an intraday update today to hopefully give the charts more time to develop after the weekend.
Signal will come out around the end of the London session, middle of the New York session.
See you then!
- PipHut Team
mahmoud
July 16, 2012 at 09:15Thank you conscious of Sgnalhay
Grace
July 16, 2012 at 09:31Thanks for the signal is a compass to me God bless U.GM @all pipshutters..
kalpesh
July 16, 2012 at 09:43thnks:)
Maria
July 16, 2012 at 10:51Friday’s short set with 2 active positions in action, locking stops to 1.2250 (BE) since I’m unable to follow the market for the next 4-5h.
Grace
July 16, 2012 at 11:53Hi maria.nice meeting u again hope all is well? @ your comment are u placing a sell order, sorry for my novice question, am new in fx trading. Are you a female or male? sorry for trying to know your identity
Maria
July 16, 2012 at 13:18Hi Grace, sorry for the delay, just saw your question. I was not placing an order, I had 2 active orders from Friday and I was just moving the stops on those.
BeMoreWild
July 16, 2012 at 11:54where is the rest of the GanG?:) GL Maria:) n dnt mind what our fellow traders do or say….might b “J” factor involved…best of luck to u n evey1:)
Maria
July 16, 2012 at 13:19Thank you, appreciate it
Kay
July 16, 2012 at 12:02CandlePRO Alert
***************
Pair: GBPUSD
Type: Hammer
Timeframe: 4h
Signal Time: 2012-07-16 05:01:03 UTC
Candle Close Price: 1.55430
Profit Factor High: 7.00
Strength: 55
Triple: No
Double: No
Support (within 10 pips): No
Resistance (within 10 pips): No
Support Pierced: No
Resistance Pierced: No
Maria
July 16, 2012 at 12:41Booking partial profit for combined 80 pips on the EURUSD shorts. Flat for now, re-calibrating later.
Chip
July 16, 2012 at 12:43Weak US sales numbers, wise move @Maria, have a great day!
Maria
July 16, 2012 at 13:22Thanks Chip, you too
BeMoreWild
July 16, 2012 at 13:05i dont know y i still see greeback climbing up… :s
SimmaX
July 16, 2012 at 13:16Same here as well…
Jim
July 16, 2012 at 13:22lol… I kep getting stuck in the old discussion page…. thought I was the lone ranger today
Jim
July 16, 2012 at 13:27took a long on the release of the CPI as the weak numbers should give us a short term pop on QE3 bets…
Seems as though it’s just a ? of which can is being kicked down the raod at the moment…
With the German courts delaying the decision on ESM for 8 weeks and declining EU inflation numbers raising bets of another EU rate cut the earlier direction was down but now with worse than expected numbers raising hopes of QE3 we’re back to a fundamental tug of war….
I am still short long term… but my intraday bias is slightly to the upside until the europhoria wears off
fwiw :)
Chip
July 16, 2012 at 13:28Of course it’s a short lived small rally, I can’t wait to short it :)
RahmanSL
July 16, 2012 at 13:30Hi @doc1….think the eu going to sustain upward momentum?
Jim
July 16, 2012 at 15:54Sorry @ Rahman… just saw your message… guess we know the answer though :)
Chip
July 16, 2012 at 13:32I think around 1.23 will be a good area to short with sl @1.24 and tp @1.20 (mid term) or if you want to go long term tp @1.10.
RahmanSL
July 16, 2012 at 13:36Hi @Chip….yes, I would most definitely short at 1.23 areas….in fact I have shorted one at the 1.244 areas…
Chip
July 16, 2012 at 13:41Hi @RahmanSL, I was thinking about going short around that level too, but I’m so hungry now that I have to go to lunch.
Take care, see you later!
RahmanSL
July 16, 2012 at 13:38…and thinking of closing that short coz the pair is behaving too erratic for my liking….but will try to hold on until end of today’s trading session.
RahmanSL
July 16, 2012 at 13:53@Chip….yup buddy, never trade on an empty stomach…nor go shopping either : )
Chip
July 16, 2012 at 14:00Problem solved, I was thinking if you don’t like the erratic behavior of E/U you could move your sl to break even and if it gets hit you can short from better levels and if it makes you good profit – even better.
RahmanSL
July 16, 2012 at 14:05@Chip…but I noticed its attempted to slide down a few times, but something is holding it up.
I have a suspicion that the bottom will suddenly fall off….taking traders by surprise….and simply free fall to 1.15 or lower. But, that’s just my suspicion and nothing more.
Chip
July 16, 2012 at 14:09My guess is that the free fall will begin tomorrow if Ben Bernanke tells us that QE3 is off the table for now and will only be used if the economy gets worse.
If that is the case this week we can see 1.20 and the next few weeks your 1.15 is possible too in my view.
RahmanSL
July 16, 2012 at 14:14Yes, Bernanke have the power to move market simply by opening his mouth….
Well, I have just now closed my short at 1.22130…can’t take the suspense as it’s very near my trading session…over 10pm my side of the pond and have a heavy work schedule tomorrow morning.
Good luck with your trades!
Chip
July 16, 2012 at 14:18Thanks for your input @RahmanSL, good night sleep tight!
John R
July 16, 2012 at 14:43Well…just a thought from me….we had good USA news today. So, that does NOT help bring out QE3.
I’m thinking we get some short coverings in EURUSD until he speaks and confirms they are not ready to QE3. After that buy the rumor, sell the news…… EURUSD can commence to test 1.2.
Stocks are pathetic today. So, the overall sentiment hasn’t changed. EURUSD is still going to die.
Maria
July 16, 2012 at 14:19Replacing EURUSD short orders at 1.2250 and entering one at current price at 1.2215. Same set in play as last week. Max positioning 26 trades. As always the same money management strategy – lower smaller, higher bigger positions.
John R
July 16, 2012 at 14:41Haha….we are following each other in terms of flow direction…except I have been longing USDCHF.
I booked 20 pips on USDCHF earlier today….but thanks to another EURUSD rally, I re-bought one more long on USDCHF around 0.9818.
If for any reason USDCHF dips further, I will be adding another long around 0.9780 (S1 for daily pivot). Otherwise, enjoy the profit floats and decide where to TP.
At this point selling EURUSD at all rallies are still working out great. In my case, I opt to long USDCHF instead, as it is 30% cheaper.
Maria
July 16, 2012 at 14:47Nice John, fully calibrated :)
Jim
July 16, 2012 at 15:21The rhetoric from the news seems to be upbeat and at these technical levels we should see further gains on the euro in the short term…. still holding my short term long but will add to my long term short []|B?D
SimmaX
July 16, 2012 at 15:21Any idea of the increase of the EUR/USD??
Jim
July 16, 2012 at 15:22Monday, July 16, 2012 ⌚11:07 AM
Sovereign bond risk falls in Europe, credit-default swaps show.
Jim
July 16, 2012 at 15:25I’m thinking we’ll at least see 2300/20….
I’m watching for the big move to signal a short squeeze… after the squeeze I think we’ll pullback until we get past Big Ben’s speech… with the dismal CPI numbers investors seem to be betting on a better chance of more QE3
Jim
July 16, 2012 at 15:26It’s like pulling hen’s teeth to get past 10 pips w/o stalling…..
Jim
July 16, 2012 at 15:29Or more than likely investors are playing it safe at these levels and locking in profit b4 the FED minutes
Jim
July 16, 2012 at 15:36Let’s see how far we pullback on the 1m cycle down… fwiw… this is a good way to determine when an exhaustion level has been reached….. for example…. as we’ve been seeing the tf’s have pulled back very little from the 1m uo so if we see a deeper pullback to the 5m with little rallying when the cycle switches then it’s an indication that exhaustion is setting in fwiw
Jim
July 16, 2012 at 15:38Closed my long position…short @ 2264 sl 10 pips
sahara
July 16, 2012 at 15:41hi @all
Jim
July 16, 2012 at 16:09Hi Sahara
Jim
July 16, 2012 at 15:41this is a scalp as I feel we have more upside after a small pullback but as we are losing the 1 and 5m tf I’ll tp on my long and give it a try
Jim
July 16, 2012 at 16:03My guess is tomorrow we will not see the FEDS endorse more QE3… for various reasons..but my belief is they are not going to prop up the US$ before the election…
IMO long positions should be treated as short term only and probably closer to scalps than swings jmho and fwiw
sahara
July 16, 2012 at 16:09hi @doc !! rumours rumours !! again with qe3 and china bank too !!! sorry was away all the day for job !!! was short from friday (closed with pips ) long from low ….waiting to entry long eyen and aud usd usdchf short (a nice entry after a pulback ) …………..we will receive daily signal !!??? (to sell 2330 area ,,,??
Jim
July 16, 2012 at 16:15congrats…. perception and rumours move the market… trading news is a losing game [|B?D
Maria
July 16, 2012 at 16:19Hi Sahara and congrats, nice work
sahara
July 16, 2012 at 16:22hi @maria !! thanks ! any idea usdchf ??
Maria
July 16, 2012 at 16:28No, sorry, no time at the moment for anything else than EU.
John R
July 16, 2012 at 17:20@saharaview…… USDCHF is almost exactly opposite to the bearish EURUSD.
Long on dips….preferably at bid points/ daily pivot, confluencing supports
sahara
July 16, 2012 at 17:24thanks @jonhr !! there was a entry with my 2 h candle (missed !! same situation here a new short possible but not clear yet !! (for 25 or 30 pips
sahara
July 16, 2012 at 16:12usd chf Bearish Engulfing
Timeframe: 15m
Close Price: 0.97900
Candle Open: 2012.07.16 15:45
Profit Factor high: 2.03
bearish
0 /100
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-
USDCHF
New Candle!
2012.07.16 16:00
bullish doji
Timeframe: 30m
Close Price: 0.97900
Candle Open: 2012.07.16 15:30
Profit Factor high: 8.80
bullish
50 /100
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-
USDCHF
New Candle!
2012.07.16 16:00
Bearish Engulfing
Timeframe: 4h
Close Price: 0.97900
Candle Open: 2012.07.16 12:00
Profit Factor high: 4.19
sahara
July 16, 2012 at 16:27aud the key 1s 0250 area if up will try 50/60 pips by 20 pips
Maria
July 16, 2012 at 16:27EURUSD 3rd short set order was triggered at 1.2270.
sahara
July 16, 2012 at 16:46if pullback (strat 4h ) just an idea http://imageshack.us/photo/my-images/528/67860364.png/
SimmaX
July 16, 2012 at 17:05I just placed short order for USD/CHF at 0.9795 and have stop loss at 0.9820. The reasons is the SHS formation at the 1H time frame. Any takes from others?
sahara
July 16, 2012 at 17:10in @sim 4 pips before you !!
sahara
July 16, 2012 at 17:11my sl below my 2 h candle (closed 9788 !!
sahara
July 16, 2012 at 17:26@Doc !! heeelllp ! what s all of those gaps this afternoon ??? just see it now !!
sahara
July 16, 2012 at 17:32trying a up to bke r in aud
sahara
July 16, 2012 at 18:04nice all of this !!
FXraider
July 16, 2012 at 18:05Jonny was rite He alwais rite. Soon it will go 1.2350 1,2450
sahara
July 16, 2012 at 18:09best entry eu 2187 !!!!!!hallilouya!! tchin all
sahara
July 16, 2012 at 18:11EUR/USD 0,000 7/16/12 5:30 AM 1.21870 472.50 0.00 0.00 ….2.50 Mkt
7/16/12 2:09 PM 1.22815
Maria
July 16, 2012 at 18:14excellent Sahara!
sahara
July 16, 2012 at 18:16thanks @maria !! like that i can forget my “RED MAY MONTH” !!!
Maria
July 16, 2012 at 18:16EURUSD next short in the set pending at 1.2290, 1.2320 after that. Good night all
sahara
July 16, 2012 at 18:18yes @maria i think so !! but will wait @Mark signal !! (perhaps as you said 2330 area !!
sahara
July 16, 2012 at 18:21pro piphut (thanks)
Bullish Engulfing
Timeframe: 1h
Close Price: 1.22710
Candle Open: 2012.07.16 17:00
Profit Factor high: 16.31
bullish
0 /100
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EURUSD
New Triple!
2012.07.16 16:00
Bullish Engulfing
Timeframe: 4h
Close Price: 1.22650
Candle Open: 2012.07.16 12:00
Profit Factor high: 1.81
bullish
92 /100
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EURUSD
New Candle!
2012.07.16 00:00
Inverted Hammer
Timeframe: daily
Close Price: 1.22460
Candle Open: 2012.07.15 00:00
Profit Factor high: 2.02
sahara
July 16, 2012 at 18:28saharaview says:
aud the key 1s 0250 area if up will try 50/60 pips by 20 pips
sahara
July 16, 2012 at 18:29Comment left on:
July 16, 2012 at 17:32
saharaview says:
trying a up to bke r in aud
sahara
July 16, 2012 at 18:35our last high 2257 2273 where will be this one
sahara
July 16, 2012 at 18:37any candle near 2296 area we will see (2238/70
Jim
July 16, 2012 at 18:41What broker do you use Sahara?
FXCM had issues with the charts this am and it caused gaps from missing data
sahara
July 16, 2012 at 18:44fxcm yes
sahara
July 16, 2012 at 18:44but nothing in net dania !!
Jim
July 16, 2012 at 18:47I have the same gaps from FXCM
sahara
July 16, 2012 at 18:49yes aud gu usdchf too!!
sahara
July 16, 2012 at 18:48http://imageshack.us/photo/my-images/69/47472751.png/
Jim
July 16, 2012 at 18:50Yeah …it’s a glitch from FXCM chart server crashing today
sahara
July 16, 2012 at 18:51ah ok !!
SimmaX
July 16, 2012 at 19:09Indicators shows uptrend in 4h frame. Any other indications that shows the trend prevails? I just shorted at 1.2277 as the CCI shows overbought and the stochastic shows downward.. Any one with me??
sahara
July 16, 2012 at 19:12am with 2h candel in !! even going down now !! i have not shorted it !!
Chip
July 16, 2012 at 19:17I don’t think we can rally past 1.2350, so your short should be fine if your sl is above that level.
Anyway tomorrow after Big (and bald) Ben will take QE3 off the table for the time being, I think then your short will really shine. If I’m wrong and he whispers something about QE3 being imminent – you know what to do.
My guess is that it’s gonna be like @Johnr said today and tommorow until the news the market will buy the rumour and then everybody will sell the news, and we’ll see 1.20 later this week.
sahara
July 16, 2012 at 19:21no problem with piphut team !!!great team congrats all
sahara
July 16, 2012 at 19:17if 2270 will hold will try it to 23 !!
SimmaX
July 16, 2012 at 19:31Yes, but the indicator shows for downturn.. thats y I shorted. Any news from Johnny?
FXraider
July 16, 2012 at 19:32It goin above 1.24
I remeber Jonny says only sell from above there
sahara
July 16, 2012 at 19:49let s see what happen at (21H52 (19h52 utc) till wall street closing !!
sahara
July 16, 2012 at 20:08ss every where !!! even in my 2h too !!!!(closed long with 81 pips others 91 ….will let one open with 40 pips green !!! usd chf closed 17 pips (will let aud and eyen long too