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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This set up is a classic distribution fade or "inside-the-range" short entry that will remain valid as long as the bears can maintain selling pressure at and below the February 2 high at 1.3861.… More…
I have been focusing on longer-term time frames and the ranges on these charts because in my opinion, this time frame offers the ability to often stand above the fray of the intraday volatility and provide a clearer (more psychologically relevant) view of the trend. This has been especially the case with the recent happenings of Egypt and Libya effecting the market around the world.… More…
There's been a lot of talk about why the dollar "should" go up and my take has always been that by the time I hear it, it's been "baked into the cake" aka already discounted. That's not to *dis* fundamentals. I simply feel that the rally from February 2 - 12 may have been when the fundamentals were moving the U.S. Dollar Index higher.… More…
The GBP/USD is a perfect example of a current swing buy. A "swing" is another way of saying correction or a pullback in an uptrend or bounce in a downtrend. But how much of a correction is enough to offer support in the uptrend and resistance in the downtrend?… More…
The U.S. Dollar's resistance at 79.00 will play a significant role in my continued expectation for the EUR/USD to bounce. I must avoid being too rigid however because a failure to notice a transition to a sideways market trend on the daily EUR/USD could put me on the wrong side of intraday trends as well as keep me bullish too long.… More…
I did a one-hour webinar this part weekend and it was about the seven keys to my trading that I introduced here yesterday. The series will continue but I thought I'd share the notes that I used in the presentation. … More…
I train in MMA (mixed martial arts) twice a week with one of my best friends. It's a physical chess match as compared to the electronic chess match that is trading. I was speaking to my jiu jitsu sensei (teacher) after class today and the subject of what I did for a living came up. I explained that I was a currency trader and expected him to give me a blank stare.… More…
The USD/CAD is a perfect example of why the Directional Bias must be respected. The Directional Bias - if you haven't already heard or read about it - is the market trend or psychology of the daily chart.… More…
The U.S. Dollar's bounce from the 77.00 level today as ECB Press Conference drove the EUR/USD sharply lower and the better-than-expected Unemployment Claims number and ISM Non-Manufacturing PMI helped boost the dollar, has been stronger than most expected, especially when considering tomorrow's Non-Farm Payroll releases.… More…
This move has been one that has been setting up for some time: The U.S. Dollar Index's slide through 78.00. The break through this psychological level confirmed the negativity of the dollar's place in the world amidst a surging euro and worldwide equities risk appetite.… More…
