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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Dollar resumes Uptrend (for now) but what about 1.3000 on EUR/USD?

Posted 14:49 16 March 2009 | Comments

I have been playing a dollar long position since the pullback reached the top line of the Wave (34EMA high). This decision was not random but instead was based upon the criteria of my swing trading:

1) uptrending market
2) pullback to support

dx 3-16-2009 2-42-53 PM.gif

The dollar definitely pushed the envelope on the correction as prices made a low at 87.46. now remember this is the dollar index which is a futures contract BUT it does offer p-l-e-n-t-y of insight into what major pairs are likely to do. Case in point, the EUR/USD and 1.3000.

If the dollar index is not going to stay below 86.50 there is not going to be a sustained break higher on the fiber.

eur d 3-16-2009 2-49-06 PM.gif

Falsi breakouts can be identified and avoided when you look at correlations. Remember though that correlation comes second to the primary set up...in other words, just because I am long one market does not mean there is a *knee jerk* trade in another...

On a personal note, thanks for all the well-wishes, I do appreciate it and I think this is the first week that I am actually feeling like the week won't kill me...for that I am very happy! So we'll be busy this week especially with Wednesday FOMC coming.

In fact tomorrow, we'll take a god look at the Fed Funds contract and I'll show you how to do some Fed Funds math!