How does TIME effect your trading? This is not just limited to the time you enter the trade, although that is certainly going to impact your trade because of typical pip movement during the time of day and economic events.…
Posted 07:02 06 November 2009 by Queen Cleopiptra
Short term time frames are an integral part of active intraday traders view as well as a great way to new traders to enter the market will less risk than -- for example -- a 60 or 240 minute chart. The longer the time frame, the larger to risk/reward ratio. Well, ofcourse, everyone loves more potential profit but not everyone can AFFORD the higher risk that usually comes with it!…
Posted 10:36 04 November 2009 by Queen Cleopiptra
Where's the U.S. Dollar heading next? It depends on your time frame ofcourse. I break my trading charts into 15, 30, 60, 240 minute and daily charts. This means I could be looking at up to five different market cycles across the U.S. Dollar Index at any one time.…
Posted 07:52 03 November 2009 by Queen Cleopiptra
Playing trends is popular but tricky because in order to SWING buy into a trend you must identify:
1) the trend itself and how strong it is and...
2) where the correction(s) are.…
Posted 15:15 27 October 2009 by Queen Cleopiptra
Correlations are my thing...and when it comes to playing the EUR/USD the Dow and the U.S. Dollar play a big part. Today's Dow sell-off has taken prices to some key levels, namely the 34ema Wave support on the daily. The Dollar has not been able to take out the 73.33 resistance and this should create a floor on the Dow.…
Posted 14:31 01 October 2009 by Queen Cleopiptra
The AUD/USD daily chart is squeezing within the narrows of the rising wedge. The "narrows" are basically the point within a triangle or pennant or wedge where the lines begin to decrease in range and put the squeeze on price action.…
Posted 17:05 29 September 2009 by Queen Cleopiptra
The USD/CAD rallied to 1.0900 as prices broke out of a symmetrical triangle pattern. The reason this move now has my attention is from a trade management perspective.…
Posted 19:51 24 September 2009 by Queen Cleopiptra
I'm watching two charts of the cable for a set up. The 60 minute chart is in an uptrend and so I'm patiently waiting for a pullback to the 1.6609 area for a swing buy in front of the 1.6600 psychological level.…
Posted 20:36 10 September 2009 by Queen Cleopiptra
I'm not a big fan of Asian session trading BUT if you like lower volatility and that's the only time you have for trading then ... sure, have a go! The trick is to make sure you have adjusted your pip movement expectations so that they are in line with what Asian offer.…
Posted 13:53 08 September 2009 by Queen Cleopiptra
As traders gear up for tonight's Asian session I will scan the charts again to see how the pairs came out of the afternoon doldrums. …
Posted 18:35 03 September 2009 by Queen Cleopiptra
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