Owner: PipHut.com URL:http://piphut.com Join Date: Tue, 20 May 2008 16:27:07 -0500 Rating:0 Site Description: Free Forex Signals given out multiple times daily as well as free technical analysis on 10 major pairs. I actually trade my signals with live account and peformance is tracked on blog. Site statistics:Click here
USD/CHF 5-20-08 - Rise expected after bounce 2008-05-20 02:50:04 Free Forex Signals and Technical Analysis from PipHut.com
7:46a GMT - USD/CHF is dropping rapidly to the rising trendline support now at 1.0420. The RSI hourlies show the same picture with the RSI dropping to multi-day support.
Trading Idea: look for candlestick entry and then buy above support with stop below support. First target around 1.0450 and [...]
NZD/USD 5-20-08 - Bounce off resistance 2008-05-20 02:18:38 Free Forex Signals and Technical Analysis from PipHut.com
7:15a GMT - Pair has reached resistance in the form of a downward trendline that is currently just above .7750. Possible divergence in the RSI hourlies makes me nervous but this is the third time that resistance has been tested over the past 30 days.
Trading Idea: wait for [...] Read more:Bounce
Technical Analysis - USD/JPY looking for sharp rise 2008-05-20 01:44:36 Free Forex Signals and TechnicalAnalysis
from PipHut.com
6:41a GMT - Looking for a sharp
rise in the USD/JPY as it bounces off multi-support currently around 103.80. This support has been tested numerous times over the months and we will await a candlestick signal to confirm. Pair is also bouncing off of a rising RSI trend [...]
Technical Analysis - Sharp USD/CAD decline expected 2008-05-20 01:23:10 Free Forex Signals and TechnicalAnalysis
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 [...]
Technical Analysis - AUD/USD consolidating, more USD losses 2008-05-20 01:00:10 Free Forex Signals and TechnicalAnalysis
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 [...]
Forex Income Calculator 2008-05-19 22:43:58 I finished work on the ForexIncomeCalculator
for PipHut.com. It can be found at -income-calculator.
Basically, I wanted to develop a tool that traders could use to determine how many pips they needed to earn each and every day to reach their annual income goal. So, for example, you could enter a goal of $100,000 [...]
EUR/USD - Signal Cancelled 2008-05-19 00:35:03 The EUR/USD signal from earlier today has been canceled.
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Free Forex Signals - Profiting off the Euro rise 2008-05-18 19:31:02 Placed entry orders above the current EU consolidation below 1.5600. Nice 145-pip flagpole leading up to this consolidation, and a nice horizontal run of the pricing action. Also a nice rising trend on the 60M RSI with a clear break of its squeezing consolidation channel that was broken to the upside last week.
Buy - 1.5616
Stop [...] Read more:Forex
, Signals
EUR/USD Technical Analysis - Squeeze Play! 2008-05-15 19:15:31 It looks like a squeeze play is developing on the EUR/USD 60M charts. It is on the daily charts as well but is obviously not as pronounced.
RSI shows a definite uptrend since early May and a definite downtrend for the past week. 60M chart below. Blue line show channel resistance and green line shows channel [...] Read more:Technical
, Analysis
, Squeeze
NZD/USD Free Forex Signal - Breakout Trade 2008-05-15 18:46:14 23:42p GMT - Placed breakout flagpole entry above current NZD/USD consolidation and trend channel resistance. RSI shows positive trend but Slow SS shows mixed signals on the 60M charts.
Buy - 0.7655
Stop - 0.7630 (25 pips)
L1 - 0.7680 (25 pips, raise second stop to break even)
L2 - 0.7705 (50 pips)
UPDATE - 7:05a GMT - Pair is [...] Read more:Forex
, Breakout
, Trade
Free Forex Signal - EUR/USD - Breakout trade 2008-05-22 01:54:39 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 [...] Read more:Forex
, Breakout
Free Forex Signal - EUR/USD - Flagpole Breakout 2008-05-21 18:45:42 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 [...] Read more:Forex
, Breakout
EUR/USD Signal Cancelled 2008-05-21 15:27:36 The EUR/USD free forex signal from earlier today has been cancelled. See original post for cancel details.
I might reopen this one once Japanese markets open up later tonight but price action is so close to my entry that a large order that wouldn’t normally drive the market might cause a false breakout and trip my [...] Read more:Cancelled
AUD/USD Technical Analysis - RSI Divergence 2008-05-21 13:10:15 Free Forex Signals brought to you by PipHut.com
5-21-08
18:10 GMT - The RSI divergence in the AUD/USD pair has only gotten stronger as the hours have ticked away. I expect a sharp drop at some point here.
Trading Idea: Look for bearish candlestick entry near channel resistance level.
Click here to receive my free forex signals via [...] Read more:Technical
, Analysis
Free Forex Signal - EUR/USD - Flagpole trade 2008-05-21 12:07:23 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 [...]
GPD/USD Technical Analysis - Fibonacci Trade 2008-05-21 02:26:44 Free Forex Signals brought to you by PipHut.com
5-21-08
7:27a GMT - GPD/USD is approaching 38.2% Fibonacci support from the 5/19 - 5/20 250 pip rise. I’d like to see a long candlestick or even a bullish doji before entering this trade as the appears appears to be on its way back down to channel bottom.
Trading Idea: [...] Read more:Technical
, Analysis
, Trade
AUD/USD Technical Analysis - rising channel 2008-05-21 02:17:19 Free Forex Signals brought to you by PipHut.com
5-21-08
7:17a GMT - AUD/USD has entered into a rising channel on the 60M charts. We are looking for a buying opportunity at the bottom of the channel or a selling opportunity if the RSI divergence continues. There was a definite RSI divergence between 5/16 and 5/20 price action [...] Read more:Technical
, Analysis
USD/JPY Technical Analysis - more losses 2008-05-21 01:45:56 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 [...] Read more:Technical
, Analysis
Technical Analysis - GBP/JPY - Back to the Upside 2008-05-23 04:13:50 5-23-08
9:15a GMT - GBP/JPY is looking to bounce of double-strong support of: a) 38.2% fibonacci retracement of 202.8-206.5, and b) strong former resistance and now support at 205.00. See chart below. Fib is light blue and support is dark blue. Also RSI is touching strong channel support as well (green line on RSI chart). Slow [...] Read more:Technical
, Analysis
Technical Analysis - AUD/USD - Downside 2008-05-23 03:48:52 5-23-08
8:49a GMT - AUD/USD is approaching former support line around .9615 (green trendline on chart below) while at the same time approaching the top of its downtrending RSI line (blue line on RSI chart below). After breaking its bullish channel I expect the downtrend to continue in the short-term. Slow SS is also flipping on [...] Read more:Technical
, Analysis
, Downside
Quick 30 pips profit booked on USD/JPY 2008-05-23 03:39:50 Based on my technical analysis of the USD/JPY pair I entered short on a bearish candlestick. Risk was only 15 pips (bearish candlestick was close to resistance) and profit
was 30 pips.
You can read the analysis that prompted this trade here:
Technical Analysis - USD/JPY - Caution Advised
P.S. For those of you who are new here [...] Read more:Quick
Technical Analysis - GBP/USD - More gains expected 2008-05-23 02:11:34 5-23-08
7:12a GMT - Pair is coming down on two support levels after breaking higher from its already bullish channel. First level of support is the former resistance line that was broken on 5/22. Second is the support (closest line in green on chart below). From a channel which is still intact. RSI is also approaching [...] Read more:Technical
, Analysis
, gains
Technical Analysis - USD/CAD - More losses expected 2008-05-22 21:24:38 5-22-08
2:25a GMT - Pair is nearing resistance (blue line on graph below) that has been tested numerous times over the past month. Trend is down and I don’t expect that to be broken here. Resistance is currently at .9890 and below this look for .9850 and .9800 as targets. If the pair breaks resistance above [...] Read more:Technical
, Analysis
Technical Analysis - USD/JPY - Caution Advised 2008-05-22 21:21:13 5-22-08
2:12a GMT - Mixed signals on the USD/JPY pair. Pair charged upward through resistance at 104.00 only to meet tougher resistance at 104.40 (the 68.2% Fibonacci retracement of the 105.4-102.7 drop). Pair bounced hard off that only to return to 104 and bounce off that as well. Two possible trend resistance lines were broken in [...] Read more:Technical
, Analysis
, Caution
, Advised
Free Forex Signal - AUD/USD Flagpole Trade 2008-05-22 13:52:56 5-22-08
18:53 GMT - Flagpole trade entry orders placed below current pair consolidation. Pair has nice flag consolidation pattern after 60 pip drop and is near large round # at .9550. Negatives include strong resistance at .95 and oversold hourlies (but dailies are overbought).
Sell - .9538
S - .958 (20 pips)
L1 - .9518 (20 pips, move [...] Read more:Forex
, Trade
Free Forex Signal - USD/JPY Flagpole Trade 2008-05-22 13:21:25 5-21-08
18:21 GMT - Entered flagpole breakout entry above consolidation at 104.00. Consolidation made nice pattern, flagpole was 90 pips and trade is in direction of flagpole. Also pair was making nice horizontal stabs at 104.00 resistance, a large round #. Negatives include the possibly strong trend support below 104.5 (and very close to my limit) [...] Read more:Forex
, Trade
Signal Peformance Review: +445 pips 2008-05-26 02:54:34 5-27-08
9:27a GMT - Time for the *weekly* performance review. I missed some stragglers from last week so I’ve included them in this review. I’ve tried to go through each trade and give a hindsight analysis but in some it still just lists the result with no insight as to why the trade succeeded or failed. [...]
Fundamental Alert - UK Housing data raises Dollar 2008-05-29 03:05:54 5-29-08
9:08a GMT - UK housing data came in five times worse than expected and was the cause of the rise in USD across major pairs as traders feared that the a global recession could be closer at hand. If more bad data continues, especially in light of hawkish comments by the Fed on inflation expect [...] Read more:Fundamental
, Alert
, Housing
, Dollar
Technical Analysis - GBP/USD staying with the uptrend 2008-05-28 00:51:38 5-28-08
6:52a GMT - GBP/USD is testing trend support (over the past couple of trading days) and I expect the general uptrend to continue. GBP got oversold and should recover.
Trading Idea: Look for bullish candlestick to confirm the trade and then enter long with targets at 1.9790 and 1.9825. If support is broken look for further [...] Read more:Technical
, Analysis
Technical Analysis - GBP/JPY look for bounce 2008-05-28 00:46:16 5-28-08
GMT - GBP/JPY is approaching trend support (over the past three days) currently around 205.35
Trading Idea: Look for bullish candlestick to confirm trade, then go long with targets at 205.8 and 206.1. If trend support is broken look for targets at 205.00 and 204.80.
Click here to receive my free forex signals via email
Click here for [...] Read more:Technical
, Analysis
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