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Double/Triple Strategy and New Feature

Mark — Mon, 04 Oct 2010 02:33:14 +0000

Introduction I had planned on releasing the Support/Resistance article this week (as per the Training Schedule for October 1st), but I have a surprise for you that is well-worth the wait: a new strategy BUILT-IN to CandlePro AND this article on how to use that feature in your trading! It is a 2-for-1 :). What is the Double/Triple Strategy? The Double/Triple strategy is a confluence-based strategy that looks for multiple candles in the same timeframe that [ continue reading ]

Source: Double/Triple Strategy and New Feature
Forex signals from: PipHut.com

Technical Analysis – USD/CAD Room to Fall

Mark — Wed, 27 Aug 2008 04:20:09 +0000

8-27-08 4:26a GMT – USD/CAD has plenty of room to fall on the 4-hour and daily charts, which is backed by a strong downtrend on the weekly and monthly charts. Oil prices have hit monthly lows and a rise in oil prices (which is a leading indicator for the CAD) would indicate a fall in the USD/CAD as the CAD strengthens. Pair is consolidating in a triangular pattern (yellow converging lines on chart below). Support [ continue reading ]

Source: Technical Analysis – USD/CAD Room to Fall
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Still in Breakout Pattern

Mark — Mon, 28 Jul 2008 15:57:48 +0000

7-28-08 14:51 GMT – The GU pair stayed within the triangular breakout pattern overnight (from my last signal), rising to the of channel resistance (yellow lines below) where it is now. I still expect that signal to hold to hold true as the pattern in the same. In the short term I expect the price action to return to the triangle channel bottom (blue line) currently around 1.9875. Trading Idea: Short-term shorts preferred below yellow [ continue reading ]

Source: Technical Analysis – GBP/USD Still in Breakout Pattern
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Breakout Expected

Mark — Mon, 28 Jul 2008 02:19:36 +0000

7-28-08 1:14a GMT – GBP/USD has been moving slowly downward over the past several weeks (yellow channel lines below), in a larger upward channel over the past few months (blue channel lines below). The downward channel has hit the bottom of the upward channel and has formed a nice triangle pattern (purple lines on chart below) and I believe the the breakout of that triangle will provide us with the direction of the pair to [ continue reading ]

Source: Technical Analysis – GBP/USD Breakout Expected
Forex signals from: PipHut.com

Free Forex Signal – EUR/USD – Breakout trade

Mark — Thu, 22 May 2008 06:54:39 +0000

5-22-08 6:54a GMT – Pair has tested 1.58 several times today and yesterday and was unable to break through. After retreating down and gaining some ground from the overbought hourlies the EUR poised for another breakout. Buy – 1.5808 S – 1.5883 L1 – 1.5833 L2 – 1.5865 UPDATE – 7:15a – Pair quickly dropped from 1.58 after getting up to 1.5815 leaving us with a 50 pip loss. Will analyze this one in more [ continue reading ]

Source: Free Forex Signal – EUR/USD – Breakout trade
Forex signals from: PipHut.com

Free Forex Signal – EUR/USD – Flagpole Breakout

Mark — Wed, 21 May 2008 23:45:42 +0000

[ad#2-ads-horizontal] 5-21-08 23:46p GMT – Placing two entry orders above current consolidation just below large round # at 1.5800. Current price action is around 1.5786. Treating the four candlestick, 50 pip rise from 1.5750 as a flagpole and placing entry 5 pips above flagpole and large round # at 1.5805. Stop and first exit are relatively tight as RSI is pretty overbought at this point but fundamentals back more EUR gains. In the direction of [ continue reading ]

Source: Free Forex Signal – EUR/USD – Flagpole Breakout
Forex signals from: PipHut.com

Free Forex Signal – EUR/USD – Flagpole trade

Mark — Wed, 21 May 2008 17:07:23 +0000

Free Forex Signals brought to you by PipHut.com 5-21-08 17:07 GMT – EUR/USD has broken to the upside and crashed through known channel resistance. Their might be one more channel resistance that I redrew that matches current price action (see chart below) so I have placed my buy entries 13 pips above the possible channel resistance. Nice flagpole, in the direction of the trend and wicks are more or less levelling off at a horizontal [ continue reading ]

Source: Free Forex Signal – EUR/USD – Flagpole trade
Forex signals from: PipHut.com

USD/JPY Technical Analysis – more losses

Mark — Wed, 21 May 2008 06:45:56 +0000

Free Forex Signals brought to you by PipHut.com 5-21-08 6:29a GMT – Pair has broken below support level at 103.40 and is currently consolidating below that level. We will look for selling opportunities as the pair approaches now resistance at 103.40. Trading Idea: Wait for a candlestick entry on a clear bounce off resistance to sell. Rising trend line is still currently intact from 5/9 lows and a major channel could be forming. Also, rising [ continue reading ]

Source: USD/JPY Technical Analysis – more losses
Forex signals from: PipHut.com

Technical Analysis – Sharp USD/CAD decline expected

Mark — Tue, 20 May 2008 06:23:10 +0000

Free Forex Signals and Technical Analysis from PipHut.com 6:18a GMT – USD/CAD has been consolidating in a tight horizontal channel now for the second day after the 100 pip drop from 1.000. Due to the declining trend lines, the declining RSI hourlies and the nice horizontal line that the candlesticks are forming along the 0.9900 support I expect the pair will break through. Look for .9975 and then .9950 as the next support levels ( [ continue reading ]

Source: Technical Analysis – Sharp USD/CAD decline expected
Forex signals from: PipHut.com

Technical Analysis – AUD/USD consolidating, more USD losses

Mark — Tue, 20 May 2008 06:00:10 +0000

Free Forex Signals and Technical Analysis from PipHut.com 5:54a GMT – AUD/USD pair is consolidating beneath .9600 after a 70 pip flagpole rise 6 hours back. My inclination is that the pair will shoot through the 0.96 resistance after consolidation but because the entry would be just below a large round # and because of the overbought hourlies I am not placing a signal or entry order on this one. A rising RSI trendline does [ continue reading ]

Source: Technical Analysis – AUD/USD consolidating, more USD losses
Forex signals from: PipHut.com