March 2010 Monthly Archive

Chart Pattern 101: Market Trends

Remember regardless of whether you are automating your chart pattern identification, using manual lines and levels, using the Wave or some other tool…KNOWING how to trade a pattern in relation to the market direction is vital to success in using this time tested, price analysis. Read more

USD/JPY Four Hour Swing Set Up

I was watching the intraday breakdown on the one hour USD/JPY and noticed two things. First I really didn’t have a set up to capitalize on the weakness…on the one hour chart. Second, and this is what turned the light bulb on, price reached the 50% Fibonacci Level support and was testing an intraday double bottom. Read more

Cable: Short Term Accumulation – Long Term Swing

The GBP/USD has been consolidating across the 15 and 30 minute charts as the longer term 240 minute and daily charts are in strong mark down cycles. The longer term charts while tempting because of their strong trends are going to take some time to correct enough for me to get interesting in a swing trade short. Read more