Piphacker's Posts
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naijababe: 15mins after EU session open, i knew today na squander your money day if u wan trade by force.no trade bros |
a completely dull market today |
rozayx5: from what i am seeing here, the trend for the week is yet to be decided on most pairsyou are right |
EURUSD, AUDUSD are on d downward side. waiting 4 support break 4 validation. good morning in d house. im on hourly chart. |
EURUSD, AUDUSD are on d downside today monday 18th but wait till all aformentioned conditions were met. good morning to everybody. dont forget to join me on twitter, my twitter handle is @piphacker1 |
EUR/USD made an attempt to recover after the fall, but eventually closed lower as the euro-zone recession looks worse. Mario Draghi’s speech, Flash PMIs and German Ifo Business Climate provide a very busy schedule. Looking at the EUR/USD chart above we noted that the currency pair attempted to recover right up to the mid week. After which the EUR/USD was overwhelmed by bearish pressure and tested the 1.3320 mentioned last week. Now if the bearish pressure continues, a failure of 1.3320 may bring us to 1.3250. A bullish correction will likely see some resistance at 1.3400 first. We are also on the support region of a longer term bullish trend line and hence it will be crucial to monitor the price action here tomorrow. |
blink182: Piphacker please answer my query on your other thread.[b]How To Use My Strategy Effectively The request I am getting even outside the country is a clear testimony that the system is actually working and effective especially in the recent time when price is reputably noted for quick reversal. However, there are some factors that may be hinder us as a Nigeria. Among the factors are; 1. Our work schedule, which makes it difficult to monitor the chart to quickly get signal 2. Poor internet connection that enable us to miss the big move 3. And the most notorious of it all, Electricity. One sure solution to avoid all these aforementioned factors is to trade 4hrs chart. It not only good in saving your time of watching the chart, it will also produce more accurate signals. If you can monitor your trade on hourly chart, there is no problem at all. Now let us examine last week trade on 1hr chart and analyze some rapid move that surprised us and how to use the strategy we are discussing on this thread to solve the mystery. Let us look at the screenshot below, those are using free strategy discussed above my find it difficult to know if they are actually following a trend. Check the arrow on IV Gempo below to see what I mean.. but one significant thing you can’t disprove is that if all conditions are meet, the iv gempo on a bar do move more than 30 pips, so if you don’t know which direction is actually going it adviceable to go for 20pips when you see a signal. To study what I am saying, Place your cursor on a candle that has IV gempo, and find out if Damiani green line is ontop and Volatility is around 30-80, you would quite agree that the bar will move more than 30pips or let say the trend will move more than 30pips before any retracement. However, I included the GMACD again for you to solve the problem of identifying a trend direction. If you want to know the direction of a trend, it is a matter of looking at your GMACD and see if 30min, 1hr, 4hr are in the same direction. If the three time frame shows red, that means the trend is downward, and if the three timeframe is green, it means the trend is upward and strong, then you can have a relief and go for more pips. But let say you are get alert buy on 1hr timeframe and 4hr timeframe is red which signifies sell, you would see that volatility will be low on your 1hr chart and you can simply hold a little bit. Or take a small pips of around 30pips. You don’t need to be jumping from timeframe to time frame, GMACD indicator will display all timeframes at the bottom of your chart. If you are using Amazing Piphacker Strategy 1.0, the changes of colour from blue to red signifies sell and the changes of colour from red to blue signifies buying trend. And you don’t have any problem what so ever to spot a trend with Amazing Piphacker strategy 1.0 A fellow nairalander with nairaland username MICKMAN came to my place last week Friday and told me how he has bought one indicator from a white man in U.K, he express his feeling that the indicator works very well for two weeks and all of sudden the indicator started to behave in erratic manner so he lost his money. He said that was the reason he has to come down and verify if this one too will not behave like that. My Dear reader of this thread, what Micheal doesn’t know is that with what he just said that the indicator works well for two weeks, the indicator did not stop working, he only need to understand that; 1. Either he has been carried away for the fact that the indicator is working and enter too many trades that are risky 2. He might have been using it on too many currency pairs at the same time forgetting that each currency has it own behavior to market 3. It might be that at a time he thought the indicator was not working, there might be general upheaval in the market like what happened last week. 4. Lastly, so minor but many don’t watch that area, choose a good broker. Your broker sometimes might be your albatross No indicator or software can be 100% accurate, but if you have a strategy in forex that has over 90% accuracy, I think that’s a bravo and Amazing Piphacker Startegy 1.0 has accuracy of about 92%. Back to our analysis of last week trade with the strategy here. Look at the screenshot below. Another person asked that if volatility read let say 65 and it descending let say to 54, he opined that since it is still within the 30-80 I recommend, should he continue with the trade? I say CAPITAL NO, then WHY? We should understand that the volatility might have progressed from let say -40, -15, -10, -5,-0, to +5, +10, +15, +30, …….. +65 before it started to be reversing. Then a trend either good or bad had firstly developed and though within trading range, but you are now trading when the trend is getting weak. Always trade when a volatility progresses from negative to positive. Look at the screenshot 2 below, it last week Friday EURUSD on 1hr chart I will use the diagrams below to show some illustrations. I strongly advice us to study the manual very well. I wish all of happy weekend. Comment are welcome Thanks [/b]
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blink182: How has this indicator been performing to date?It is performing well, i'll provide some analysis tmrow |
blink182: Piphacker, you still do not have time to answer my question?I'm preparing some analysis with screenshot. i'll update u tmrow by His Grace. |
[b]Many people were disturbed with last week trades especially those that trade EUR pairs. Most of the technical analysts were also caught in the web. If you are a subscriber of piphut.com, one of the world’s renowned signal providers. They got fake signals three times on Thursday. If you ever listen to economic news either from Bloomberg or Yahoo Finance, all get it mostly wrong this week. This is to tell you nothing is wrong with your trade, it is just that economic news are too many this week and most of the news were believed to have a very powerful impact on that currency EURO. For quick review read blow insertion, 1. French Industrial Production: Monday, 7:45. French industrial output edged up 0.5% in November, rebounding from the 0.6% drop in October. The rise exceeded market expectations, of a 0.1% expansion occurred mainly due to strong growth in transport equipment and energy production. A drop of 0.3% is forecast now. 2. Eurogroup Meetings: Monday. The Eurogroup meeting will include the finance ministers of the eurozone member states. The ongoing recession, the European budget and the debt crisis are important topics on the agenda. There is still a disconnect between financial markets and the situation in the real economy. 3. German WPI: Wednesday, 7:00. Germany’s wholesale prices remained flat in December, following a 0.7% decline in November. Economists expected a small rise of 0.1%. On a yearly base German WPI increased 3.2 % in December, the same rate as in November. A gain of 0.4% is anticipated. 4. ECOFIN Meetings; Tuesday. The Economic and Financial Affairs Council (Ecofin) is comprised of Economics and Finance Ministers. It coordinates economic policy in the Eurozone. Among its rolls it surveys and monitors Member States’ budgetary policy and public finances, the euro, financial markets and capital movements, and economic relations with third countries. The regular Ecofin meets once a month including one informal meeting per Presidency and is chaired by the rotating Presidency (i.e. Ireland for the first half of 2013). 5. Industrial Production: Wednesday, 10:00. Industrial output among the 17 European Union countries fell in November for the third consecutive month, down by 0.3% indicating recession continued to the last quarter of 2012. The drop was contrary to market predictions of a 0.2% rise. On a yearly base, industrial production in the eurozone was down by 3.7%. This is further evidence that the eurozone consumers remain reluctant to spend, particularly on high value items. A rise of 0.3% is predicted. 6. GDP’s: Thursday. The euro-zone economy suffered recession for the second time in four years amid harsh budget cuts imposed in order to contain the debt crisis that broke out in October 2009. GDP in the 17-nation bloc declined 0.1% in the third quarter following a 0.2% drop in the previous three months, a bit better than the 0.2% decline predicted. Meanwhile French and German growth surprised by unlike the other Euro members. Germany increased by 0.2% after a 0.3% rise in the previous quarter and France also increased 0.2% following a 0.1% contraction in the second quarter. However Italian GDP contracted 0.2% from a 0.7% decline in the previous quarter. The overall weak figures raise concerns about the EU’s economic prospects in the coming months. French Prelim GDP is expected to contract by 0.2%, German Prelim GDP is forecated to decline 0.5%, Italian Prelim GDP is expected to drop by 0.5%, And the Euro-zone Flash GDP is expected to contract 0.4%. 7. French Non-Farm Payrolls: Thursday, 7:45. French job market excluding the farming sector and government workers, contracted 0.3% in the third quarter, following a 1% decline in the previous quarter. Things are expected to get worse once the French President Francois Hollande will execute his plan to save €30 billion, by tax hikes, and spending cuts. A decline of 0.2% is expected now. 8. ECB Monthly Bulletin: Thursday, 9:00. The January ECB Monthly Report detailed the information given by Mario Draghi at the press conference following the central bank’s latest monetary policy meeting. The ECB expects inflation to stay below 2% in 2013 and that economic recovery will start later this year. They stressed the importance of reforms in the Eurozone governments in order to boost growth and lead to expand the labor market. 9. Trade Balance: Friday, 10:00. The euro zone registered a higher than expected trade surplus in November due to surging exports and flat imports, The Euro-zone reached an adjusted trade surplus of 11 billion euros following 7.4 billion in the previous month. Germany grew at the faster pace in the first 10 months of 2012 to almost 158 billion euros from 129 billion a year earlier, but the biggest improvement belonged to Italy, reaching a 6.6 billion euro surplus in the first 10 months of 2012 from a deficit of 25.3 billion euros a year earlier. A small decline to 10.7 billion is anticipated this time. 10. G20 Meetings: Fri-Sat. The G-20 meetings include twenty of the most important economies on the world, comprised of 19 independent countries and the European Union. Switzerland was invited for the first time by Russia to participate in this prestigious event, despite not being a member. Russia claimed Switzerland will play a central role in decisions for the international financial system. *All times are GMT. [/b] |
im selling EURUSD NOW |
SELL EURUSD NOW SL 30PIPS TP 40PIPS |
blink182: Piphacker please answer my query on your other thread.It is a question & nt query, i'll respond when im less busy. |
blink182: Piphacker please answer my query on your other thread.Query? Let me check |
[quote author=kupsonrex][b]Thanks Bro........ Alaways wait till it is positive. it just a meter 2 tell hw a strong a trend is. d stronger d trend, d chances 2 win |
MR MICKMEN: i have a contribution pls check this indy out,i think its amazing.Thank You Mr MICKMEN I always like people who are open hearted and do all to assist fellow human being, Danymic Trader Index can not be used in isolation. One fact about it is that it lags considerably, if you have been using it for a long time, you would discovered that a trend may be planning to change direction and yet the two arrows of dynamic trader index will face the same direction and keep telling you the trend is strong. When it said caution, new trader might be thinking something is about to happen and run away which in actual fact it may be little retracement of price that is coming up. Conclusively, WAscalper, uses daily Pivot point to design the indicator, and if you have been following FOREX movement these days, it beats the imagination of even big experts hollow, FOREX movment is not predictable these days. Above all, I am very happy for sharing this. It is meant for all to learn. Those that sell EURUSD since yesterday should not close their position. Though a lot of economic news today but the trend is still bearish by my indy. 4hr timeframe |
[quote author=tablet_girl]Could you tell me why please and how long one could be holding a position for before it would normally begin to make profit if using the 4HR TF? It may take long but it is a sure signal. |
kupsonrex: What TF do you use? I bought your strategy4hrs |
Im selling EURUSD now |
Sell EURUSD now and target 40pips. |
kupsonrex: @ piphacker.......if you enter a trade when the volatility is between 40 to 80 and it changes back to -12 upward,what will you do to your trade?There are two ways to answer your question. 1. If you are using free strategy, you may not likely know if the trend is coming to an end. But if it is Amazing Piphacker Startegy 1.0, it will show you when the colour changes. When the colour change, it signal the beginning of a new trend and there is no way such volatility will come back to negative like that. 2. 2. The best way to know if you are using free signal is that you will see that the trend progress to positive and rise to that level, it is a sign that the trend has gone far and it is coming back to consolidation period. I will not wait till it enters negative before I go out of such trade. |
piphacker: Sell GBPUSD now 1hr chart. signal generatedYesterday selling continues today. |
Selling mode activated on EURUSD |
sell EURUSD now |
infofirst: me self laughed at my selfinfact i've stoped listening 2 even technical analysis. i followed simple strategy and works |
Sell GBPUSD now 1hr chart. signal generated |
[b]Please Read this write up How I Lost 2 Trades It is not a good thing either to exaggerate or promote the product one is selling to be laying claim to some outcome which is outrageous. No, life doesn’t work that way. If one acquires money with fraud, sorrow will be with such a fellow all through his life. I lost money yesterday and I think I should explain. I listened to some technical anaylysis from experts. I discovered that 5 experts talk the same thing on technical issue concerning the trade. I ignore what my strategy told me, behold, the trend move according to my strategy and it baffles me why even technical analysis is being demystified these days. Another observation that happens to me which I want you to take note is that, you may not know that your meta4 is doing another work different from what you told her to perform. A person called me that he was trading a demo when he saw a signal and when he switched to live account, the signal he got from his indicator was different. I also notice similar thing because I was trading with more than 4 mt4 brokers simultaneously. Sometimes when you discovered that your stop was hit, look at the value again, it will surprise you that the value might be different from what you input. I am saying this so that you will start to take note of your trade and monitor it. Now, with what is currently happening in FOREX, please don’t assume, don’t gamble, follow all I told you to follow before you place a trade and I can assure you wont have a problem. If you ignore any one of it, you may lose your money. The most important thing is that you should never trade when volatility meter is negative. Let volatility meter read anything from at least 20 to 80 before you place a trade. With that you will never lose such trade. As my rule, I don’t normally trade more than 40pips on a currency pair. If you have little capital trading cross currency like EURGPY might work against you due to spread and pip value. Stick to major currency pair such as EURUSD, GBPUSD, USDCHF … Till tomorrow, I say good night [/b] |
EU bull demystfyies even technical analysis |
kupsonrex: NEWS NEWS NEWS NEWS!!!God bless u. |
Buy eurusd, sell usdchf, target 30pips |
BOM jackport, eurusd is falling |
vxtr: . Sorry for ur loss man, jst take her heart. May her soul rest in peace. We live to die. And we die to live again....Eeh! sorry bros, may her gentle soul rest in peace |
