Posts By "Mark"

… is now in your dashboard!

*** Update –  Thanks for your patience yesterday everybody! We released a new article to help people duplicate our trades more exactly and goes over our trading style in detail (if you haven’t checked it out you can read it here – it is a MUST READ). Well the article was a hit and we got bombarded with a ton of signups, questions and comments. For PRO users we updated the S/R charts so email alerts continued to be sent out but unfortunately we never got out the daily analysis. We are back in business today! Also, you might notice a new tab at the top… ***

Daily Outlook: EU continued to consolidate between 1.3020 and 1.3220 (where it has been since January 26th):

Most likely the pair has been consolidating due to the lack of a deal on the Greek debt crisis. Word is that Papademos asked for a report on the ramifications of leaving the Eurozone. Whether it is a serious threat or just theater to get more favorable terms is yet to be seen, but the fact remains that the Greek people cannot be happy about shrinking salaries, reduced employment and fewer worker rights (conditions of several debt deal possibilities).

Technically the pair made a lower high yesterday – a possible sign that the pair is beginning to turn down on concerns about the future of the Eurozone.

Trading Idea: Primary trade is long on a resistance break (right blue line) with targets at 20/20/25/25 for 90 pips profit.

We will look to get short when a new rising support is formed and broken (S/R charts will be updated and emails sent out).

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… is now in your Dashboard!  It is Friday and we don’t trade on Fridays due to the volatility that generally accompanies the low volume. We have put aggressive setups and S/R lines on the charts in “Daily Analysis.” All alerts/PRO features will continue to work as normal.

Daily Outlook: A solid week for us as our primary EU short was triggered yesterday at 1.3178 (email sent out to PRO users) and quickly dropped to hit all of our targets for +80. We are closing out our GU trade for -10 and our AU trade at break even (current prices) to enter Friday and the weekend flat. As usual we do not trade Fridays as they tend to be more volatile due to the lower volume. We will be updating all pairs (including EU below) with aggressive swing trading signals:

Markets have basically ranged all week as a Eurozone/Greece debt deal has weighed heavy over market participants. If the deal hits today expect a big move on the thin volume. We could see the move going either way but we are biased short due to a) the technical congestion we’ve seen this week and b) experience tells that markets like to buy the rumor and sell the news.

Trading Idea: We are tracking a falling trend resistance that, if we were trading today, we would look to get long on a break of with targets at 20/20/20/20 for 80 pips profit. Even though we are not trading today email alerts will still be sent out.

Today’s Poll: 

* * * Want email alerts for our swing trades? * * *
Click here to learn more about PipHut PRO

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Our help page has been completely redesigned, with a whole new “Getting Started with PRO” guide front and center!

Visit the new help page here

You’ll find a variety of articles on:

• Swing Trading
• CandlePRO
• Setting up email alerts
• Receiving email alerts as an SMS text message
• Trade examples
• Revamped site search

and more!

Check it out here

… is now in your PRO Dashboard!

Daily Outlook: It has been a solid week for our swing trading with another 135+ pip day yesterday, bringing our weekly total to +395 pips. Our short yesterday (primary trade) got +20 into the profit before reversing and stopping us out at -40 when the pair broke the falling resistance we mentioned as our secondary trade, which opened up our long. Our long rallied strongly and hit all targets rather quickly for +105.  The other 70 pips came from our UsdChf trade which hit +90 (5 pips short of our last target) before slowing down and hitting our SL at the third target for +70.

Trend is turning short-term bearish at the moment after a new low was put in early yesterday, though bulls still appear to be holding on to hope of  a Greek debt deal. We believe a Greek debt deal is very likely to occur soon, however the terms of the deal (especially whether or not Greece will have to give up fiscal sovereignty) will heavily impact how the markets react to the deal. We are always weary of the “buy the rumor, sell the news” aspect of the markets.

Trading Idea: Primary trade is a break of aggressive rising trend support we are tracking as the last blue line on the chart (currently at 3150 and falling – Pro users will be sent email on break) with targets at 20/20/20/20 for 80 pips profit.

We will also be adding a resistance line at 3220 that we will look to get long on a topside break with targets at 20/25/25/30 for 100 pips profit.

Safe pipping today!

Today’s Poll: 

* * * Want email alerts for our swing trades? * * *
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… is now in your PRO Dashboard!

Daily Outlook: Another successful swing trade as yesterday’s primary trade hit all targets for +80 (much more if you let your profits run), and another great day for swing trading in general as trades for all pairs were at +120.

Overall trend is still slightly bullish but momentum is shifting as the price has stalled out over the past few days, and the pair now appears to be making a lower low after putting in a lower high. It did appear to make a sloppy Head and Shoulders, but ideally in that pattern the right shoulder would be lower than the left and in this case it was higher. We did get in a short at current levels (3040 – pro users received S/R email) on the support/neckline break.

Trading Idea: Targets for our short from 3040 are 20/20/30/30 for 100 pips profit. We do have an aggressive falling resistance as well (top blue line) and will look to close our short and get long on a break with targets at 20/25/30/30 for 105 pips profit.

Today’s Poll: 

* * * Want email alerts when our trades are triggered? * * *
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…is now in your dashboard!