Forex Signals – EURUSD Movement, Finally
Sorry for any confusion! Our trades from Wednesday’s signals were triggered yesterday but there was little movement on them for the majority of the day and, hence, the lack of the update yesterday. We did post in the comments of yesterday’s signal that there had been little movement and no signal as well.
Recap: Our short from Wednesday’s signal was triggered on the 15:59 support break at 1.2958. That short stayed open and, after seemingly going nowhere for most of yesterday, has just hit our full TP for 80 pips profit.
The bottom yellow line on our chart today is long term, intraday support started last month and the break below represents a new potential downtrend on the longer-term trend. Needless to say we are very bearish after the break and see 1.28 and 1.27 as the next major targets.
Today’s Important News Events:
| Date | Time (UTC) | Event | Forecast | Previous |
|---|---|---|---|---|
| Fri Nov 2 |
12:30 | USD Change in Non-farm Payrolls (OCT) | 125K | 114K |
| 12:30 | USD Unemployment Rate (OCT) | 7.9% | 7.8% | |
| *To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar. | ||||
Trading Idea: With our targets just hit on our last EU trade and the lack of a close S/R line to trade off of we will remain flat on this pair going into the weekend and look to pick up our swing trades again on Monday.
We are bearish after the intraday support break and if we were trading this pair today we would be looking for reasons to get short.
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Kobe
November 2, 2012 at 09:41Thanks Mark for being our guide in the forex woods. My short from 1,299 hit the target @1,288. Next stop for me 1,2808 to close my short from 1,293. First big hurdle before getting to 1,25 will be 1,275. Longs from there back to 1,2850 and 1,29 looks possible i think. But today, down we go 1,28 is in the cards.
Good trading everyone. Small lots are my secret to a calm trading state.
Fred
November 2, 2012 at 09:48Thanks Mark, hi @kobe , mine as well, for now down :)
sahara
November 2, 2012 at 15:49hi @all !!! this comment send 2 weeks ago !!!…..saharaview Sent 2 weeks ago
now paid and well after a hard few days !!!saharaview Sent 3 days, 7 hours ago
am shorting each high!! i can stay in market !!! i expect a big down !! what i ssee……………..and as a cmment send yesterday or today how can you stay in market with stoploss more than 200 and 300 pips !!!!!!!!!!!! something is wrong that s why am away we never loose ???,and a crab here and a long here and 1.3400 there ………..it s not the real piphut way that i like ??!!!!!! if we continue in this way it s a problem !!!!!! we have a signal let us discuss about it !!!! if not it s a problem for all of us i stay here and i comment and i try to be in the way showed by piphut if i have to show other thing not here it s not mine site if i want to do wil open a site for me !!!!!!!! the problem is here not a game or a play it s our monney friends …we have to change and to understand if we have to continue all together i can not stay in market with a buy i 3080 and eu is below 29 !!!!@Mark you have to do something it s your baby and help it to be bigger and correct as usual !! sorry for that but i respect a lot @Mark and i learn with him a lot for free !!!!! we hd nice people here but all away WHY ??,!!!!!
sahara
November 2, 2012 at 16:00and better we can be wrong !! pls say to all am out with loss !! i never see that !!! me i usally when i show a trad am here and tp here and sl here and when hit tp or sl i comment or i said am out !!! respect it s for me this way or i do not send trad idea let daily signal do it for us!!
fred
November 2, 2012 at 16:55What are u saying?
sahara
November 2, 2012 at 16:58it s clear fred
sahara
November 2, 2012 at 16:06and as you know here with a few from piphut we chat with g mail !! and i heard here or there the loses i can acccept and @Mark too i think !
sahara
November 2, 2012 at 16:07can not accept sorry
HarryG
November 2, 2012 at 17:34Hi everyone
I don’t subscribe because I use my own charts. In these see-saw markets you have to wait for a move in one direction or another and then trade the retracements. Only way to avoid losing big! I agree with Saharaview that one can’t be position trading while the market remains extremely volatile.
sahara
November 2, 2012 at 17:57we can in any market but first we have to say how much i can let in market where is stop loss !! not long or short and her we go !! and market go hundreds pips against trad and we never see person who said i lost !! it s not a game .. but thanks for your comment
andi
November 2, 2012 at 18:09Hello@all, long time, thanks @Mark, and thanks @Saharaview for very professional comments and view on today piphut forum.
I am 100% @saharaview Idea and agree that no more traders here appreciate small profit taking and less SL hits, but it seems to me more here mostly looking for a level to say bought or sold and done, ther eis no followup and no clarification, like 200 EMA good level to hold for Euro but why waiting to long for being there and hiting stops?
Anyway , I wish Mark all the best for his piphut works and really appreciate all these years but I also confirm sahara comment, we need something to do against this and not seen as a empty billboard with my trades here there, next there or nothing, hope one day all will be ok and more technical comments and idea will be here than only giving report of your trades from last week or last month , wish you all happy week-end
sizeit8
November 2, 2012 at 20:12Anyone know what he’s bababling on about, who is he having a pop at?
Kobe
November 2, 2012 at 23:49hello all, i have a feeling @saharaview is talking about me. And he is right, i post that i’m bearish on the eurusd already since half september, the pair made a big rally and i didn’t take the loss, i opened more lots short. I trade very small lots with sl far far away. The risk reward is very bad, but for the last year my system has made me decent profits. I don’t post my comments when my trade is against me, because i don’t want to encourage people to use a very big or even no sl, because you can get burned really bad. But when its finally getting into the direction i want i share my trades with you. Maybe i shouldn’t. But if you are interested i closed a lot from 1,31 @1,29 and a lot from 1,2990 @1,2880, i have a lot open from 1,293 that i want to close @1,2808 and another open from 1,2881 that i will close @ 1,27 and a last one from 1,2712 planning to close @1,25. So you see i was and am really in the red for that last trade, but trading small lots makes that possible for me. I’m not after 50% profits every month but i prefer making 5% every month again. (september was profit 0%) Time will tell if i will be able to close them all with profit. I am a fan of Piphut and enjoy all the comments, but no one knows the future and we shouldn’t put our money on ideas of others. Use the info you can get, especially from piphut, make up your own mind and try to trade in a way you can handle it. The best advice is Mark, you can see his equity curve, with always a sl of 50 pips.
I wish you all the best and hope everyone finds a trading style fit to their personality.
enjoy your weekends!
kobe
sahara
November 3, 2012 at 08:30gm @kobe @gm all !!! mu comment was nt specially against or was about you but thanks for replay and i think you have understand that this kind of comments can be understood by all of us..and it can give bad “info” even you said all the time that you trad with very small lots but it s better to stay in our dail way of trad even i saw that you can do well and a big part of your trads was bearish and here and there a call for up up up !!!! you know the result i saw someone long with big monney long from 2990 and price goes only a few pips over this price and you where is it now !!! It s honnest from your part because it can give confusion ….any way pls understand it was not against you like a person but it s to defend a way where we can be safe all !!!!!!!! Second point @Thanks @Andi for your replay i think you have understand what i mean and yes agree to have more technical comments to build another “thing” better ……….. My comment was direct and “franc” why ?? because i beleive in what we are doing in piphut …. and it s not a history of persons sahara or some one else but it s Piphut and the way of piphut and what @Mark is doing from years and all the day it s an SOS to do BETTER for all of us ……….enjoy your week end !!
HarryG
November 3, 2012 at 13:53@saharaview, if I made a mistake in understanding what you are trying to say – sorry about it, it’s pretty hard to understand the point you are making , but I think it is you want a definite trading signal service – buy/sell at, TP and SL. If you go to ForexFactory or ForexPeace Army websites you will find many trading signal services, they even grade them for you! Mark’s free service is simply a recommendation. Yesterday’s one was in my view really excellent. It came out at 9.08 am (timing is EVERYTHING!) when EU was in retracement mode – looking to sell, eventually one could have sold around 2890 for a very nice 60 pips
Yesterday was probably one of the best we’ve had for some time. After the big move down around 5.30am (GMT) all one had to do was keep looking for retracements – it’s the ONLY WAY to trade intra-day!!
Example: http://img15.imageshack.us/img15/8656/eurusd5min.gif
sahara
November 3, 2012 at 16:31first @harry i hope you saw this comment ember 2, 2012 at 05:35
Trader98 says:
Gm all, thanks DELLPIPS for reply, finally someone here with SL mentioned for his trade, all traders in this forum seems have no problem with 200 pips negative or losses in each trade, GL to all Second as @Mark write daily :Trading Idea: If a falling resistance forms and breaks we will get long, as is our preference, but there is also an aggressive rising support forming on the 4h charts and we will look to get short on a support break. For either direction our TP is 80 pips, SL is 50 pips. third @friend i know why i am in piphut it s my choice i do not need you to show me where i can go to have signal ..me as sahara i can do it for you and all the website that mentionned and i can show you what i write here or there but it s not the problem …. and when i comment here in daily it takes me hours with charts and helps not for me but for all who never send a comment here …… you see you do another mistake as yo said if i look for a signal with TP SL Buy/sell we have it here daily and i can inform you for other pair we have in pro !! only usd yen sl is different and Tp too ….Ok @Friend … comments coming for are by hundreds monthly and i ask for nothing not even a thanks !! help is my way in life and when it s red or green i never lie or invent scenarios i respect my self so i respect others and esecially person who never comment but follow daily piphut ………………………i can make here all comments that i found against our communauty way of trading !! and thanks for replay !!
sahara
November 3, 2012 at 16:39@harry here a comment from sahara about gold and it s french !!!Commentaires :
bonjour a tous!! …………du sur place encore meme si wall street et de l autre cote de la tlantique ,les americ etaient de la partie (pas psg om grrrrrrr mais perdre fait partie du foot!!)..quelques configurations baissieres se sont formeés mais sans succes !!! Les 4h dessinent une possible baisse a au moins 1698 mais il faut casser 1718 (cloture dessos en 4h)….des trianges en 15 30 et de channel up en 1 h se forment actuellemet ………..(abcd tj là en 4h d vers 1728 zone qui est mon 38.2aussi!!… bonne journee a tous sans oublier que ce commentaire n est pas une incitation a l achat ou a la vente…!! …..
Or – range?????
01/11/2012 à 07:11
nems77
you see i do not need to go in any websi as you said!!!! and a replay friday
« Message précédent · 1 / 2 · Message suivant »
Or – vendredi !!jour du poisson d or é 1
Hier à 08:50
nems77
Or – vendredi !!jour du poisson d or
Hier à 14:29
nems77 bonjour a tous ..je disaia un ami hier dans un chat que le bull d hier sur le gold est venu tout droit des plateaux ethiopiens mal au point affamé sans force (avec mes amitiés a l ethiopie et son bon peuple c est juste la legende !!) et que notre ours s est gavé avec du saumon bien frais et sauvage !!!! et boom 1728 zone ont tout rejeté !! le boulot est il fini ???? c est vendredi moins de volume moins d intervenants sur le marché !! peu de trad don c peut etre une vente vers 1715 pour un nouveau 1704 ……….ceci est ma vision des choses et non une incitation a l achat ou a la vente !!!! bonne journeé a toutes a à tous … !! not so hard to translate !!!!!!!!!!!!!! good week end !!
sahara
November 3, 2012 at 17:37@harry i saw a comment from you about gu !! you see a thing to help……(VIDEO) GBP/USD: How Elliott Wave Patterns Predicted Recent Drop Under 1.60
A great 6-minute video lesson in Elliott wave analysis of forex markets
By Vadim Pokhlebkin in elliotwave.com
Dean
November 3, 2012 at 18:06All going down,next target 1.2640.
HarryG
November 3, 2012 at 22:07@saharaview
Friend, you sound like a very sad case. You appear to babble on about about losing big and when people try to help you you want to give them a trading lesson!!! INCREDIBLE
Friend , I’m not interested in Elliot wave, melliot wave, or Einsteins theory of relativity – when it comes to Forex trading I trade responsively not predictively and it works. I, like you, lost big for a long time but then I decided to LEARN FROM OTHERS (and I have learned from the very best!) which I suggest YOU start doing my friend instead of trying to be a “know-all” – otherwise you are going to keep on and on losing big! Don’t try to teach others or try to make out you know anything about forex trading then moan about losing big – sounds a bit hollow to say the very least!!!
P.S: I wont try to say this in French but I’ll say it in Russian next time if you want!
Dean
November 4, 2012 at 01:46Where is Johny lost with his 1.3280))?
andi
November 4, 2012 at 20:50@HarryG, Well as we have all knowledge always a very simple discussion here about the funny billboard plate and not clear comments from our friends in piphut going to a big fight and personal attack plus showing that you are doing better than everyone :-) that is really funny or how you feel about it? it is not fair when someone trying to say to stop this reporting and giving direction like Long here or short there then you start to make him clear after all these years being in piphut and trading maybe longer than your whole generation he has to go peacemaker.com or forex signal something???? then in response after he is totally angry with that you call him a very SAD CASE??? is that really behavior from a real long term and experienced trader? I do not think so, in the opposite side maybe all these bad reaction because of other people with 800 in negative and not coming even one time here to say very clear if they have 100000 USD in account what are they doing here? Harry I do not see this very correct and hope we will all stop it and not starting the old histories here again, like usual all here giving their good and stromg trades and account in best shape no need to be here and if you know how to trade and you learn that no need to point other one that he doesn’t know and he will end with big losses and this that , how you know him that you give such comment about him??? or how i know you to say you give only positive signal when you made good trade and when no good one no sign of HarryG or MarryP or J or D
Now line free to attack me as usuall with blablabla but who cares really ??? the other make money from this market and you learn here only to post your life not even a clear comment about your trade startegies and your goals only short long here there and comeback after you see your target cleared or very close to it, I think more or less @piphut we lost really here the sprit of learning and trading and only 5 or 6 comments daily shows me well that you have no more interest for this community, if I am mistaken try to bring it back as it was before with more Technical reports and stop this blind community and every comments like for no reason here go down there up, that is for sure your website and your baby you can do what you want but as I can remember it was time everyone in this forex market was talking about piphut and now we have to see such comments and attack and all for nothing,
PipHut Team
November 5, 2012 at 00:23Hi @all, just reading through all the comments and, to be honest, I’m not 100% how to respond. On one hand I completely understand @Sahara’s and others comments about getting frustrated with those commenters who seem to trade without SL or who don’t post anything but “short at xxx”.
On the other hand, not to sound callous, but life is full of distractions, bad information and people that, for one reason or another, we don’t get along with.
If someone trades without a SL, or a huge SL and a relatively small TP (in other worse they trade with a horribly negative reward/risk ratio) then between you and me we know the following to be true: they either trade with very small amounts (penny trading), they aren’t live trading at all, or eventually that negative reward/risk ratio will catch up with them and they’ll be out of equity.
I believe these are the sort of things that can be discussed in PipHut’s discussion.
I can sense the discontent among some of you (it would be hard to miss yours sahara!) about these sort of traders, and I’d be open to suggestions on how to improve the discussion experience for you, but PipHut has also been open to everyone – the same reason I’ve never required commenters to be logged in or have an account to comment.
Maybe I’m missing the point of your discontent, @sahara. If so, please help me understand a little better – I want to help.
Mark
Kobe
November 5, 2012 at 09:26Good Moring, i hope everyone had a nice weekend. Euro is in selling of modus. I think 1,275 is a solid support, we will have some bounces from there, but i think we will break that and go to 1,25 soon. The rally we had in september wasn’t supported by fundamentals, it was a relief rally with the ECB unlimited bond buying. But the real problems in several European countries are still there. I think we will stay under 1,3 for the rest of this year and even first quarter of 2013. Just my view of course.
Enjoy your day!!
Hassan Ahmed
November 5, 2012 at 10:21Hi @ Mark @Saharaview @kobe @johnny .
My today trade is buying at price of 1.2742 SL 1.2712 & Tp 1.2840…
I love this site and i daily read it ,although i remain keep silent over here , and to be honest I feel really bad when I see that we start criticizing others for there views that is not a positive sign , so my pov is this that we should not criticize others because every trader has its own tools at there arsenal for trading infact when i come to here and read @ johnny @ saharaview and others trade plan then i start figuring out that why my trade plans or there trade plans differ & that’s makes me rethink might be im wrong i should check my charts again and trade well ,so i just take ideas from other traders i simply dont copy them and if some one is copying other traders trades then he/she must not trade Forex because in this Forex world no one in perfect and everyday we learn ,Thanks to @Mark for giving us such a wonderful platform where we can learn alot . So I must say that stop criticizing other and treat everyone as our class mates and respect each other because we all are same and our aim is to earn pips …..
Manish
November 5, 2012 at 10:34@saharaview:- You seem to be silent on ‘gold’ nowadays ! What is happening there. Has ‘Gold’ bottomed out yet. What is your opinion. Your message in French is not clear to me. Can you pl give a gist of it in English.
sizeit8
November 5, 2012 at 12:37I put his message in the google translator and I still can’t get his point.
I think the cheese has slid off his cracker!
PipHut Team
November 5, 2012 at 16:26Computer translators are always horrible when dealing with dialects or specific industries with lots of specific lingo, like forex
sahara
November 5, 2012 at 16:48hi @Mark i just showing @harry that i can write a few idea trading in other websi and it was in friday !! i said gold was making nothing because wall street was close and now are back ( om psg it was spccer in france and my team lost !!) a few bearish confugaurations are in area bur without succes but 4 h showing a possible drop with a possible target 1698 but we need first a candle closing below and broking 1718 (have to close below our 4h= triangles 15 30 mn and a channel up in hourly ….. abcd still here in 4h with D 1728 area and it s my 38.2% from my fib ……….good day all and ..take care ………….. and another comment : friday fish day ………… a part of my comment in a french wab sit ……..for other thing i will answer later thank you @Mark
_Mike_
November 5, 2012 at 16:45“… NewbieFx said:
I love this site and i daily read it ,although i remain keep silent over here , and to be honest I feel really bad when I see that we start criticizing others…”
I am second on this. Some people like to talk – some like to be silent – but it doesn’t mean they have no ideas, simply the have a different behavior.
Some traders (“traders”?) like to post here “…sell at @xx.xx…” without any SL/TP. Afterwards no recap, no more info about their trade efficiency or success.
Who cares about? Personally I assume they are driving a race car with blind eyes or they are tilting against windmills with demo account without any responsibility. I just skip this post and do not spend any extra effort to understand them – they are simply beyond my circles.
Yes, we are class mates here and we have to respect one another. IMHO everybody can cherry-pick those post they like and ignore other posts which are beyond their interest.
God Bless You @All, wish a lot of pips for all of us – regardless running a real account or demo – let’s help one another to make Mark’s community better and better every day…
Johnny
November 5, 2012 at 17:19Hi All. Thought I just drop a line here (In case some may think I have gone ‘MIA’?)
I am very occupied with my daily works these days (Due to years end mainly)
Just to let you know:
- I am still in my Longs (3082/3066/3010 and 2920) and you can now add 2780 to it (My latest trade Ive gone Long today)
- I am NOT on a demo, I am NOT trading Penny’s….just to let you know! I have once told in here I am however not trading BIG money either (Since I trade for the liking and not that much for the living. I have other source of income that I can buy my daily bread with), but it still is real money what I am trading and so…. I am ‘bleeding’ badly at the moment…Then again… Its my cash (And no one elses) that I am trading with and I can afford it!
-For years now I am mentioning in my comments that I post in here that “Its my view!…Do as you please…Not advising to follow…Or whatever” I have and will not ever tell somehow in here to trade likewise. Everyone is free to take his own decision!
-I do (sometimes) use SLs, but in EU pair I use lots of room to breath, even lower my Sls, or even trade without one (My way doing, surely Not recommended!!!) I wouldnt do same in other pairs (Yen for example).
-I recall that I have mentioned, several times, that if this would breach down sustainly below 2750 the real Ugly Bears would come out to play (And that I would then probably close my Longs and turn Short as well!
For now I am still Bullish as long as above there. And think, and still believe, we get 2900 , and if we get a close above there, 3100 afterwards back insight.
These crazy elections do not only twisting/confuse the US Citizens but even the markets too ;-)
Something is going on in here from what I read from the comments….I just hope it settles down and all will be OK again. Mark just doesnt deserve these incidents in here!
As for me…I have decided (Also due to that I am much to busy these last months) not to show up for a while in here from now on.
I wish all of you very good luck, make your own decision and just stick with @Piphut’s daily trading ideas and then you will do alright!
TC