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?

Chartology Author

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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February 2009

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Follow up on my JPY/USD play

The flu (stomach variety) got me pretty bad...but I'm glad to be up and sort of about. I have missed my Baby Pips peeps and it's time for a follow up to the the trade I put on before I got sick.

I try not to make a habit of orphaning my updates...it's too easy to do but I think the follow ups can be educational and offer a lot of insight into the day to day (sometimes hour to hour) decisions traders must make when managing a position.

jpy 30 2-24-2009 3-36-57 PM.gif

The plan to play the upside on the USD/JPY was a good one but the 30 minute chart got pretty sideways and sent to looking for another intraday time frame where I could identify the uptrending market cycle.

jpy 240 2-24-2009 3-48-38 PM.gif

I looked to the 240 but with the help of some great looking chart patterns, went with the daily.

jpy daily 2-24-2009 3-27-19 PM.gif

Now that's we're hitting the forecast area (resistance) on the follow-though of the pattern and are face-to-face with 97.00, this is likely where to market cycle could pause, although the only signs of this shift are coming on the short term intraday charts like thr 15 and 30 minute.

jpy 15 2-24-2009 3-53-44 PM.gif

Comments (1)

I try not to make a habit of orphaning my updates...it's too easy to do but I think the follow ups can be educational and offer a lot of insight into the day to day (sometimes hour to hour) decisions traders must make when managing a position.

Thank you for your creative

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