http://www.babypips.com/blogs/chart-art/ I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself. en Copyright 2008 Tue, 15 Apr 2008 08:58:29 -0500 http://blogs.law.harvard.edu/tech/rss Traders seems to be increasingly hesitant buying the pair at current levels, especially with Euro-zone economic data likely to worsen. The main reason price remains near all-time highs is because the ECB continues to maintain a tough stance on interest rates in the short term to control inflationary pressure. But just how long will this last if economic data being released gets suckier and suckier? http://www.babypips.com/blogs/chart-art/sell_eurusd_7.html http://www.babypips.com/blogs/chart-art/sell_eurusd_7.html Tue, 15 Apr 2008 08:58:29 -0500 Is the dollar oversold? I believe it might be for this pair. It has been in a super strong rally and I'm looking some kind of pullback. Price has been trading sideways recently creating a bunch of spinning tops signaling bullish fatigue and/or indecision. http://www.babypips.com/blogs/chart-art/sell_eurusd_6.html http://www.babypips.com/blogs/chart-art/sell_eurusd_6.html Mon, 03 Mar 2008 17:06:38 -0500 This pair has dropped like a rock the past few days due to risk aversion. With bullish divergence present, I'm looking to play a short-term correction here. I will admit this trade is a tad on the risky side since everybody has been hatin' on the dollar lately. http://www.babypips.com/blogs/chart-art/buy_usdjpy_5.html http://www.babypips.com/blogs/chart-art/buy_usdjpy_5.html Wed, 16 Jan 2008 22:40:31 -0500 This loonie pair has been trading upward in a nice ascending channel. With bearish divergence now present, I look for it weaken back to the bottom of its channel. http://www.babypips.com/blogs/chart-art/sell_usdcad_4.html http://www.babypips.com/blogs/chart-art/sell_usdcad_4.html Mon, 14 Jan 2008 01:59:06 -0500 There's a constant back-and-forth battle for this pair between the two camps. On the bearish side, continued fears over risk and credit conditions as well as the possibility of Big Ben cutting rates in the US. http://www.babypips.com/blogs/chart-art/buy_usdjpy_4.html http://www.babypips.com/blogs/chart-art/buy_usdjpy_4.html Fri, 11 Jan 2008 10:33:58 -0500 This pair has been in steep uptrend but looks to be tired. A nice little doji at the "peak" of its swing is a sign that maybe the tide has turned. There's also bearish divergence with price making a higher high while the oscillator is fading. http://www.babypips.com/blogs/chart-art/sell_audjpy.html http://www.babypips.com/blogs/chart-art/sell_audjpy.html Thu, 10 Jan 2008 23:58:24 -0500 There is bearish divergence present here. Price has made higher highs while the oscillator makes lower highs. I look for price to fall back to parity, a strong psychological support level, as well as where the pink 50 EMA and purple 200 SMA are hanging out. http://www.babypips.com/blogs/chart-art/sell_usdcad_3.html http://www.babypips.com/blogs/chart-art/sell_usdcad_3.html Thu, 10 Jan 2008 15:27:45 -0500 This pair looks to be weakening here with the formation of double tweezers as it fights resistance from its pink 50 EMA. There's an ugly looking bearish divergence present with price sideways while the oscillator trends down. http://www.babypips.com/blogs/chart-art/sell_usdchf_1.html http://www.babypips.com/blogs/chart-art/sell_usdchf_1.html Wed, 09 Jan 2008 10:06:03 -0500 This pair's recent rally seems to have been a minor correction and look for the downtrend to resume. There is hidden bearish divergence with price making a lower high while the oscillator makes a higher high. This support trend continuation, which for this pair, is DOWN. http://www.babypips.com/blogs/chart-art/sell_gbpchf.html http://www.babypips.com/blogs/chart-art/sell_gbpchf.html Tue, 08 Jan 2008 15:47:19 -0500 This pair has rallied for a couple of weeks now from its low around 9950s. There is hidden bearish divergence on the weekly chart where price has made a lower high while the oscillator makes a higher high. I see the recent rally as a correction and now look for the downtrend to resume. http://www.babypips.com/blogs/chart-art/sell_usdcad_1.html http://www.babypips.com/blogs/chart-art/sell_usdcad_1.html Sun, 09 Dec 2007 19:48:48 -0500 This pair dropped like a rock after the MPC cut rates to 5.5% but with the formation of a doji and the presence of bullish divergence, I feel a short-term bottom might be in place. http://www.babypips.com/blogs/chart-art/buy_gbpusd.html http://www.babypips.com/blogs/chart-art/buy_gbpusd.html Thu, 06 Dec 2007 18:49:30 -0500 This pair has been climbing steadily as the market believes the Fed will cut rates again due to a weakening US economy. But its failure to break above the 1.49 handle has me thinking a correction might be in the works. http://www.babypips.com/blogs/chart-art/sell_eurusd_5.html http://www.babypips.com/blogs/chart-art/sell_eurusd_5.html Tue, 27 Nov 2007 22:56:00 -0500 The buck seems to have found support close to 1.12 against the Swiss franc. This pair has been in strong downtrend lately due to the aggressive scaling back of high-yield and carry trade positions over fears of slowing global economic growth. http://www.babypips.com/blogs/chart-art/buy_usdchf_1.html http://www.babypips.com/blogs/chart-art/buy_usdchf_1.html Tue, 13 Nov 2007 17:10:50 -0500 This pair dropped like a rock last week due to global risk aversion mainly due to the fact that US financial firms keep announcing ginormous credit-related losses. Will momentum continue to drive the pair lower or is this merely a panic sell-off? http://www.babypips.com/blogs/chart-art/buy_usdjpy_3.html http://www.babypips.com/blogs/chart-art/buy_usdjpy_3.html Mon, 12 Nov 2007 14:18:54 -0500 This pair attempted to reach 2.09 and got very close before sellers pulled it back down to 2.08. Traders are salivating the 2.10 level against the dollar, but it is very difficult to justify buying the pound at current levels given the negative economic outlook. http://www.babypips.com/blogs/chart-art/sell_gbpusd_3.html http://www.babypips.com/blogs/chart-art/sell_gbpusd_3.html Mon, 05 Nov 2007 12:20:19 -0500