by Queen Cleopiptra | 2 years ago | 12:21 PM | 28 Jul 2011
Swing trading is - to me - defined my first identifying a trend using my GRaB candles and 34EMA Wave. Second I look for corrections which are bounces to resistance in a downtrend and pullbacks to support in an uptrend.… More…
by Queen Cleopiptra | 2 years ago | 8:01 PM | 22 Jul 2011
The cable has moved higher through the downtrend line of the Channel Down on the daily chart. This move is accompanied by a break though the 1.6200 level on the pair which has been resistance since the Jul13 rally and represents a break that could really attract momentum.… More…
by Queen Cleopiptra | 2 years ago | 8:51 AM | 20 Jul 2011
Computers can do in a microsecond what would take humans hours to do manually. Beginning with the U.S. equities market more than 15 years ago, algorithmic trading has become common in major financial markets - and has penetrated the foreign-exchange market in a big way in recent years.
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by Queen Cleopiptra | 2 years ago | 1:07 PM | 19 Jul 2011
I'm not usually a huge cross-rate fan, but the minutes from last night's RBA release and the BOC rate statement both being digested there's reason to look a the AUD/CAD. Bottom line: Traders are discounting a rate hike in the loonie while simultaneously "baking-into-the-cake" a rate CUT in the aussie.… More…
by Queen Cleopiptra | 2 years ago | 6:34 PM | 15 Jul 2011
Trending patterns like the NZD/USD's Rising Wedge can be traded one of three ways and it all depends upon the strength of the (up)trend. The daily NZD/USD has rallied through the uptrend line resistance of the pattern triggering a contnuation...… More…
by Queen Cleopiptra | 2 years ago | 10:50 AM | 12 Jul 2011
This is a question I received from a new trader who has been learning about how I trade. It's an interesting question - especially during these times where the lack of a bullish or bearish Directional bias on many majors - is increasingly driving me personally to the shorter-term, intaday time frames.… More…
by Queen Cleopiptra | 2 years ago | 5:07 PM | 11 Jul 2011
With a bear flag breakdown, the daily USD/JPY has taken the first step back to possibly testing the 80.00 decade level and setting up a continuation of the prior meandering downtrend in the pair.
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by Queen Cleopiptra | 2 years ago | 3:37 PM | 11 Jul 2011
The fact that two markets in distribution (the daily dollar and EUR/USD) are trading into their potential exhaustion areas makes today's price action all the more important and brings up this question: How much potential for follow-through is there?… More…
by Queen Cleopiptra | 2 years ago | 8:25 PM | 04 Jul 2011
The reversal higher through the Falling Wedge on the daily EUR/CHF has many traders thinking of a more pronounced and potential trend reversal but even though there was a pattern reversal, do not assume a trend reversal says the Autochartist Forecast area.
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by Queen Cleopiptra | 2 years ago | 10:01 PM | 03 Jul 2011
Sideways patterns with this kind of organized floor and ceiling have been rare...with the width of the range, this is a perfect time to talk about FADES....always AGGRO but sometimes exactly what the price action is telling us to do.
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