Piphunters1

Piphunters1

GBPJPY are retracing back down to the daily support line. You can take this as a counter trend trade and a bounce trade, back DOWN to the daily support area.. When hitting daily support line, we look to long entry according to Norse trading rules (see previous posts). Be aware of the week double top forming, so we need to keep that in mind if something doesn't...

Piphunters1

NZDCAD has been in a weekly uptrend since its market intruduction, will the trend line be intact? For restrictive swingers we do NOT look to go long until we break 4H trendline with a Norse style(EMA12/36 cross over and new higher low) confirmation. Intraday traders can look to enter in smaller time frame (M5-M15) to find Norse Style entries. Rember: 1)Entry...

Piphunters1

GBPNZD are trading in what i choose to see a bearish expanding channel. And we are currently at the roof of that channel. Piphunters are looking to short if we see intraday trendchange with the intention of turning this intraday day trade to a nice(we hope) swing trade. With a target at almost 2000 pips ( in the best of worlds :)) We are looking to short when...

Piphunters1

Saw a similar image somewhere, so I tried to mimic it :) Anyway this is pretty much my logic when I started trading 15 years ago. Any one recognizing them self :)

Piphunters1

Piphunters took entry at first Lower High after first EMA12/36 Crossover. But we can still catch plenty of opportunities if you missed the first one. We can expect a bounce to the upside at around the current area (EMA200/633) Short term LONG is possible at sign of price change at EMA200/633 with target @1.55 Then Enter SHORT SL and TP all depends on price...

Piphunters1

Price has broken upper daily trend line and the 4H lower trend line seems to be intact. Entries can be timed on the 4H chart or the 1H chart. we missed the 1H sweet spot, but Piphunters will enter long at close at current 4H candle, IF it is a bullish candle of considerable size. Long: SL @ previous candle low (~1.3430) TP1:85 TP2:170Pips. Last lot leave as a...

Piphunters1

We can expect more downside on the EURUSD before we can start thinking on going LONG. We can expect a retrace to 4H trend line, but price has do drop to at least the demand zone seen in the 4H chart. Technically if we get a daily confirmation(new higher low) it looks as if EU is change trend. But fundamentally nothing is clear when it comes to the Euro, Greece...

Piphunters1

MA633 can act as resistance to bring the price down to 4H trend line. We could enter SHORT with target @ ~0.945 with a stoploss at 0.9513 But The piphunters will place a buy order 0.945 with a stoploss @~0.9410 TP1:35pips TP2: 70pips TP3:keep flying :) the reason for that is: Forexpower calculation and current trend all telling me current uptrend will continue.

Piphunters1

While trading in a strong uptrend price now hits 4H and 1H trend channel bottom and look very interesting to take as a bounce trade. We will be looking for a nice confirmation candle to enter LONG. Piphunters are looking for a major EB as an entry signal @ ~1.9035/1.9040 with a stop loss at 1.8970 (below 4H 36 EMA) Forexpower in this pair is GBP:-1 and CAD:1....

Piphunters1

According to our forexpower calculation We should be looking to shor EURUSD in the short term. Currently the EU is at a descition point eaither to break down och bounce up and then backdown. watch price closely if it breaks the Demand zone(green) then we could have continuation on the friday south movement. But beeing Monday and most major EURO banks beeing...

Piphunters1

Last week was a killer week for USD and EUR, Where USD was killer strong and EUR was weak toward ALL other currencies. My Forepower algorithm (described earlier) gives us this as a winner pair. So the week to come use your favorite setup and go short term: SHORT on EURUSD Badly formated currency matrix. EUR USD GBP JPY CAD AUD NZD CHF TOTAL EUR -1 ...

Piphunters1

As we see the EA rallied up to the upper trend line which also is the EMA200. We can expect a bounce down from here. the 4H chart shows a first red candle, but if it starts to range here we could expect a move up, but a more likely(technically) scenario is a move down to at least the previously 4h tops (green demand zone). To time an entry we use 1h chart to get...

Piphunters1

Week 18 gave us a Strong Euro week. This is a bit funny since the Euro did not really have any good news to relay on. The main reason is likely to be correlation and since Euro is the Anti USD, the negative numbers on the USD, gave the EUR a nice power boost. This shows in our weekly Forex Power analysis. Forex Pairs of the week: EURNZD: LONG NZDCHF:...

Piphunters1

Short term SHORT. Still some more upside before i see a trend change in this pair. I would like to see EMA 12 and 36 cross before we can even start thinking of going long (on a weekly basis) Still we have a short term nice setup with a target @ around 1.11 (Weekley demand zone) Take entry ASAP on Pacific session, since the train left the station already (FIB38)...

Piphunters1

Not a perfect setup yet. Some of the basic parts of the Norse strategy is there, but there is no perfect 4h Fib retracement, but we got there to day. Looks as the breakout (at 10am) has stopped, but I would wait for confirmation on a miner retrace before entering.

Piphunters1

On the weekly chart we had a really nice looking Bullish engulfing candle exactly at the trendline. Using the Norse Overrun strategy, we a nice entry point at around FIB 38/50 at the 4h chart. But if we walk down to 1h chart we can still spot a few nice entry points.Using Bolling Bands retracement at the lower band. This is a trade taken already Entry one taken...

Piphunters1

EURCAD is reaching the trade channel bottom and we should look for a reversal close to the Demand Zone @ ~1.31 With first target @ the First SupplyZone @ ~1.37 and a final target area @ ~1.40

Piphunters1

Look for break north @ ~1.021 for a shorterm LONG position up to Supply zone. At the Supply zon enter short (see previous idea)