USD/JPY 240min Swing Set Up
In my last post I mentioned that... "I'm looking for a bounce to either the 78.6 Fibo or the bottom line of my Wave (red) to short into AS LONG AS THE WAVE MAINTAINS THE MARK DOWN ANGLE."…
About Chartology
With "Chartology", you'll be sitting in the front row as I discuss price action analysis, market cycles, chart pattern setups, optimal trading time and volatility analysis, as well as the psychology behind price action. Put these tools together and you're looking at how to begin mastering the charts. In fact, be sure to watch the "Your Forex Questions Answered" video here.
Every day, occasionally more often, I'll additionally discuss order entry, U.S. Dollar Index, crude oil, gold, and the Dow. Forex trading allows and requires a viewpoint that goes beyond simply analyzing the pairs. I'll explain in detail how I scan for trades — I call it "triage" — how I set up trades proactively, and how I manage entries and risk. Trading isn't all that diffcult but the process of finding your tools and approach and trusting them is. So here's your front row in my trading office, thanks for reading, let's get going!
Who is Queen Cleopiptra?
Raghee Horner is a private trader, founder of EZ2Trade Software, entrepreneur, and author. She has been trading forex, as well as futures and stocks for almost twenty years. She is a regular contributor at a number of sites including FXStreet, Trading Markets, Autochartist, eSignal and a featured speaker at the Forex and Traders Expos. Her commentary and analysis is seen daily by thousands of traders at her personal blog ragheehorner.com. She has written articles for Technical Analysis of Stocks and Commodities, Currency Trader, Your Trading Edge, and Traders Journal magazine.
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Archives
Chartology
Sometimes it's tough: My Daily AUD/USD Swing
With the strong uptrend - and "strong" hardly seems enough to describe the trend the aussie has been in - I've been swing trading. This means that I wait for a pullback to a key level and buy into it. It's a funny feeling to buy weakness but remember in a swing trade it's a correction you're looking for just as long as the overall trend is int…
USD/JPY: "Plan C"
If Plan A was to play the soft support bounce in distribution... If Plan B was to play the breakdown if the market flattened out to accumulation then... Plan C is what to do not that the trend resumed the mark down.…
USD/JPY: A pair in transition
The USD/JPY is setting up a a descending triangle on the 240 minute chart as prices have congested within downtrend line resistance and horizontal support. What the set up will be here depends upon the market cycle since there is a horizontal level that could be faded.…
Charting the Entry on the Five Minute on Today's GBP/USD pt. 3
Let's look at one of my five minute "daytrade" set ups from this morning on the cable as the mark down cycle showed prices moving swiftly lower. My goal was to take advantage of a bounce and short into the downtrend.…
Short Term Entry Example on the USD/CHF
Short term trading is something that many traders are interested in but to me the main challenge to 1) discourage "overtrading" which by the way means trading without a plan for each and every entry. It's not a matter of the number of trades, but the quality. The other challenge with short term trading is 2) "cost per trade" and this means factoring in the spread. …
Trading short term time frames and moving averges in a trend pt.2
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.…
Trading short term time frames and moving averges in a trend pt.1
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!…
Where's the U.S. Dollar heading next? Ask the Dow.
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.…
EUR/USD Swing Entry Set Up
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.…
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