Welcome to a new week PipHutters! It has been a solid start to 2013 - 361 pips in the first week! After the hard rally at the end of last week the technical outlook for EU is still bullish, but is beginning to look top-heavy. We won't call a top (low-probability exercise), but there is an opportunity to get short on a support break or long on a resistance break.
Jan 15 | PipHut.com
Another profitable day yesterday as our USDCHF trade hit all targets for 80 pips, minus a small UJ loss and we netted another 67 pips on the day to bring our monthly total to 361 pips - just 11 days in! No EU trades taken yesterday as our support held firm and price bounced HARD off of support as risk appetite dramatically increased after recent central bank announcements.
Jan 12 | PipHut.com
All and all another profitable day for us but the markets lacked any sort of conviction in their movements, meaning that our gains were small. Our EU short was triggered on the support break yesterday, at 1.3056. We are still bearish on the pair but it has met with stronger-than-expected support around 1.3050. We will close out here for a 6 pip loss.
Jan 11 | PipHut.com
No EU trades taken yesterday to report as price basically just slowly consolidated into a bearish pennant pattern on the 4h charts. That pennant pattern has a solid rising support and we will look to get short off of a support break swing today.
Jan 10 | PipHut.com
Our long on EU was triggered on the 3052 resistance break and quickly jumped and actually did end up hitting the full target of 80 pips but we closed early (booking 60 pips). We announced the close in in the comments, on facebook, and on twitter. We are also working on a system to send that alert th...
Jan 09 | PipHut.com
We stayed flat heading into the weekend, as promised, but any traders who took our aggressive long call should have been greeted with some pips before the weekend :). We have had a strong start to the month and the year last week, netting over 200 pips putting us on track for a stellar January. A pr...
Jan 08 | PipHut.com
Recap: Our short was triggered pretty quickly (~30 minutes) after our analysis yesterday on the 1.3114 support break which trucked downward like clockwork to hit all of our targets for 80 pips profit.
Jan 05 | PipHut.com
Good morning and happy 2013 PipHutters! It has been a wild couple of days so far with a drop of nearly 170 pips in the past 24 hours. That rapid drop left us without any S/R lines yesterday, and is leaving slim pickings for us today as we search for high probability swing trades to start the new year.
Jan 04 | PipHut.com
Recap: Happy Holidays everyone! We have no EU trades to report on from Friday's signals as we were staying flat over the holiday weekend. The pair has dropped and risen off of 1.3150 and is currently flirting with the underside of 1.33. Short-term is starting to look bullish but the medium-term is still overbought and we will look to get short on a support break today.
Dec 28 | PipHut.com
No trades taken yesterday to report on as there was no solid S/R near price to trade off. It was the smart decision as price continued to move sideways in a very tight range.
Dec 18 | PipHut.com
All and all another profitable end to the week for us last week. We sat Friday out for the most part as charts were pretty scattered and never offered any solid setups. End of the year charting can be an art form, with major corporations and other "big money" actively looking to move forex on and off their books.
Dec 17 | PipHut.com
No trades to report on from yesterday as we stayed flat as promised. Actually, for the first time in quite awhile we had no trades triggered on any pairs. We are OK with that though because it is always better to miss out than to miss your equity.
Dec 13 | PipHut.com