Free Forex Signals

*** CandlePro email went out a few hours ago!
There is a CandlePro enrollment session this Sunday. Read all about it here. **** Daily Outlook: No trading idea today as it is Friday and the NFP is due out. Big money stayed out of the markets yesterday in anticipation of the NFP today and left us with some pretty boring price action. Non-farm payrolls (NFP) are the most closely watched indicator of US employment situation, as it is the most comprehensive gauge of job creation (excluding the farming sector). Last month there was a -131k  drop in the NFP and analysts expect -105k this month. Fundamentals 101 would tell us that a report better than -105k indicates an improving US ...

Daily Outlook: Happy September everyone! EUR/USD took the “alternate path” from yesterday’s signal, failing to close below 1.2630 and forming a triangle consolidation wedge on the charts (see chart below). The higher probability outcome of a consolidation pattern at this point is to the downside given the strong 800 pip drop we saw in August. I took a few short term shorts off the resistance line yesterday, nothing major but enough to keep me interested. I’ll be more cautious today as the tail end of the consolidation pattern is always the most volatile. Today I am bullish above 1.2750 and bearish below 2750 (e.g. looking for shorting opps). ...

Daily Outlook: Overall its been a good week of trading. Stood aside yesterday in the EUR/USD signal and will stand aside again today as the market chops around, looking for direction. Plus its Friday and I just generally stay away from Fridays. In a nutshell investors are scared of lots of different markets right now so they are trying to figure out the best place to put there money. When that happens it will either benefit the USD or it won’t – we’ll wait for the charts to tell us. I’m short term bullish for the moment (if you are watching candlesticks entries) while eyeing a medium term resumption of the downtrend but, again, I’m not going to assume anything. I’ll ...

I posted this in the chat room but in case you missed it: “I’m delaying Part 2 of the strategy article I was going to publish today. I think it is an important article and I want to take the time to get it right and that means gathering lots of charts and putting together a great article that everyone can get something out of. I’ll try and get it out tomorrow or Friday, but it might be this weekend at the latest.” Sorry for the delay, but again I feel it is an important article to get right. Thanks, Mark Source: UPDATE: Part 2 of the Strategy article
Forex signals from: PipHut.com Go to Source

** FYI to all, I’ve put up Part 1 of “Successful Candle Strategies” here. Check it out! ** Daily Outlook: It was one of those great days yesterday where all the signals lined up perfectly to toss pips into  everyone’s pockets :). I entered on the 15m 14:00 bearish engulfing (nice R/R in CP), but some nice confluence unfolded: the bearish engulfing turned into a 3outdown on the 15m 14:15, which turned into a bearish engulfing on the 30m 14:00, which then turned into a 3outdown on the 30m 14:30. Talk about a domino effect of confluence. I’m still bearish on the pair today and will look for a pullback to 1.2670 resistance to add to my existing short. As ...

Daily Outlook: I’ve been making good pips off of bearish candlesticks on the EUR/USD all week, combined with my support and resistance levels from this analysis. I currently have 2 lots short (1 from 2890 zone, another from 2830 area). I will not look to add to the position going into the weekend and in fact will look to close them both before the weekend. Overall we continue to have lower highs, but we also have higher lows. The result is a triangle consolidation pattern appearing on the 4h and daily charts (see red lines on my chart below). This consolidation pattern has a higher probability of breaking to the downside than the upside, so if I ...

Daily Outlook: Our resistance from our yesterday’s signal (1.2880-1.2900) held perfectly yesterday and is just now starting to pay off.  Throughout the day the pair battled against the resistance level (a scalper’s dream), kicking up a variety of 15, 30, 60m and 4h bearish signals to confirm the trade all the while failing to close above on the 4h or 1h timeframe. This tells us that other heavy hitters are also selling in this area, confirming our trade. I’d like to see the bears extend this recent downturn a bit further with a close below 1.2750 to give me more confidence in a medium-term bearish trend. I’m still short-term bearish but I’m moving my key level down to 1.2875 from 1.2900 ...

Daily Outlook: First off thanks to everyone who made the latest CandlePro enrollment successful. The 50 “early adopter” seats were snapped up within about 15 minutes. I’ll keep everyone updated on the progress and of course I’ll let everyone know when enrollment is opened again (I’m thinking it will be 1-2 weeks at the most). The feedback from the early adopters will also help make CandlePro the best product possible for all future users. To see the changes being made you can click on “Changelog” in the User Guide. Last week made some major bearish movement, dropping over 550 pips from high to low – and we were selling nearly the whole way down :). The bearish movement broke many ...

*** I’m opening up CandlePro registration this Sunday for the (promised) 50 US-session seats! I was going to send these out during the week but I was busy making some tweaks and ended up not doing it. I am going to send out a separate email this afternoon with all the details, but it will be Sunday probably around 5p Eastern Standard Time. Again, I’m sending out an email WITH ALL THE DETAILS late Friday, hold tight *** I’ve gotten some great quotes about CandlePro from the early-adopters but one of my favorites had nothing to do with CandlePro: And can I please take this opportunity to express my utmost appreciation for your kindness with the time and effort you put into ...

Daily Outlook: Skimmed 200+ pips off of a three inside down candle pattern from CP yesterday, and I still have part of the position open for a longer term trade to the downside. This could be part of the larger drop down I’ve been waiting for months now. The pair dropped like a rock as risk appetite went running like rats from a sinking ship. For those seeking a fundamental explanation (I don’t even bother these days, personally) here you go: U.S. small-capitalization stocks plunged Wednesday in their biggest two-day drop since early June, highlighting the anxiety that flooded the market over worries of a global economic slowdown.The Federal Reserve’s more cautious assessment of ...