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!
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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The cable has reached the 34EMA low which is the bottom line of the Wave on the daily chart. When the market cycle is down this is typically a great point at which to initiate a short position. Normally that's the plan BUT...… More…
Here comes the chop...Both the dollar-canada and crude oil are going into a distribution cycle on their respective daily charts. The USD/CAD has formed a triangle chart pattern and as it bounces around the market cycle has transitioned … More…
Trading forex is a big picture game. Understanding how the dollar moves and moreso, what moves it is all part of that bigger picture. When you understand the relationships you are less likely to be blindsided by price movement and … More…
"Grab" charts are a visual cue to let you know at a glance whether prices are trading within, above, or below the Wave. My plug-in works on the MT4 platform and as far as I can tell any version. This...… More…
There are two "market pulse" charts to watch for secondary confirmation when trading the USD/JPY, the dollar and dow. However, the USD/JPY has a unique and strong correlation to the Dow and this is one sympathetic relationship that is commonly...… More…
With yesterday's Martin Luther King Jr. holiday and today's Presidential Inauguration there are plenty of reasons to think that the week will not officially begin normal trading until tomorrow, January 21st. The Dow heads lower about 3/4 quarters of the...… More…
Coming from a futures trading background has served me well in my forex journey. I realize that not all forex traders are aware of the future-forex correlation or how to use them properly. There are two ideas to remember here....… More…
