http://www.babypips.com/blogs/chartology/ en Copyright 2009 Fri, 20 Nov 2009 09:28:33 -0500 http://blogs.law.harvard.edu/tech/rss With the strong uptrend - and "strong" hardly seems enough to describe the trend the aussie has been in - I've been swing trading. This means that I wait for a pullback to a key level and buy into it. It's a funny feeling to buy weakness but remember in a swing trade it's a correction you're looking for just as long as the overall trend is int http://www.babypips.com/blogs/chartology/sometimes_its_tough_my_daily_a.html http://www.babypips.com/blogs/chartology/sometimes_its_tough_my_daily_a.html Fri, 20 Nov 2009 09:28:33 -0500 In my last post I mentioned that... "I'm looking for a bounce to either the 78.6 Fibo or the bottom line of my Wave (red) to short into AS LONG AS THE WAVE MAINTAINS THE MARK DOWN ANGLE." http://www.babypips.com/blogs/chartology/usdjpy_240min_swing_se_up.html http://www.babypips.com/blogs/chartology/usdjpy_240min_swing_se_up.html Tue, 17 Nov 2009 09:37:34 -0500 If Plan A was to play the soft support bounce in distribution... If Plan B was to play the breakdown if the market flattened out to accumulation then... Plan C is what to do not that the trend resumed the mark down. http://www.babypips.com/blogs/chartology/usdjpy_plan_c.html http://www.babypips.com/blogs/chartology/usdjpy_plan_c.html Mon, 16 Nov 2009 14:05:34 -0500 The USD/JPY is setting up a a descending triangle on the 240 minute chart as prices have congested within downtrend line resistance and horizontal support. What the set up will be here depends upon the market cycle since there is a horizontal level that could be faded. http://www.babypips.com/blogs/chartology/usdjpy_a_pair_in_transition.html http://www.babypips.com/blogs/chartology/usdjpy_a_pair_in_transition.html Sun, 15 Nov 2009 15:13:33 -0500 Let's look at one of my five minute "daytrade" set ups from this morning on the cable as the mark down cycle showed prices moving swiftly lower. My goal was to take advantage of a bounce and short into the downtrend. http://www.babypips.com/blogs/chartology/post.html http://www.babypips.com/blogs/chartology/post.html Wed, 11 Nov 2009 18:09:56 -0500 Short term trading is something that many traders are interested in but to me the main challenge to 1) discourage "overtrading" which by the way means trading without a plan for each and every entry. It's not a matter of the number of trades, but the quality. The other challenge with short term trading is 2) "cost per trade" and this means factoring in the spread. http://www.babypips.com/blogs/chartology/short_term_entry_example_on_th.html http://www.babypips.com/blogs/chartology/short_term_entry_example_on_th.html Tue, 10 Nov 2009 08:03:37 -0500 How does TIME effect your trading? This is not just limited to the time you enter the trade, although that is certainly going to impact your trade because of typical pip movement during the time of day and economic events. http://www.babypips.com/blogs/chartology/trading_short_term_time_frames.html http://www.babypips.com/blogs/chartology/trading_short_term_time_frames.html Fri, 06 Nov 2009 07:02:00 -0500 Short term time frames are an integral part of active intraday traders view as well as a great way to new traders to enter the market will less risk than -- for example -- a 60 or 240 minute chart. The longer the time frame, the larger to risk/reward ratio. Well, ofcourse, everyone loves more potential profit but not everyone can AFFORD the higher risk that usually comes with it! http://www.babypips.com/blogs/chartology/using_short_term_time_frames_a.html http://www.babypips.com/blogs/chartology/using_short_term_time_frames_a.html Wed, 04 Nov 2009 10:36:56 -0500 Where's the U.S. Dollar heading next? It depends on your time frame ofcourse. I break my trading charts into 15, 30, 60, 240 minute and daily charts. This means I could be looking at up to five different market cycles across the U.S. Dollar Index at any one time. http://www.babypips.com/blogs/chartology/wheres_the_us_dollar_heading_n.html http://www.babypips.com/blogs/chartology/wheres_the_us_dollar_heading_n.html Tue, 03 Nov 2009 07:52:05 -0500 Playing trends is popular but tricky because in order to SWING buy into a trend you must identify: 1) the trend itself and how strong it is and... 2) where the correction(s) are. http://www.babypips.com/blogs/chartology/eurusd_swing_entry_set_up.html http://www.babypips.com/blogs/chartology/eurusd_swing_entry_set_up.html Tue, 27 Oct 2009 15:15:41 -0500 Correlations are my thing...and when it comes to playing the EUR/USD the Dow and the U.S. Dollar play a big part. Today's Dow sell-off has taken prices to some key levels, namely the 34ema Wave support on the daily. The Dollar has not been able to take out the 73.33 resistance and this should create a floor on the Dow. http://www.babypips.com/blogs/chartology/all_eyes_on_the_dow_and_dollar.html http://www.babypips.com/blogs/chartology/all_eyes_on_the_dow_and_dollar.html Thu, 01 Oct 2009 14:31:19 -0500 The AUD/USD daily chart is squeezing within the narrows of the rising wedge. The "narrows" are basically the point within a triangle or pennant or wedge where the lines begin to decrease in range and put the squeeze on price action. http://www.babypips.com/blogs/chartology/_the_audusd_daily_chart.html http://www.babypips.com/blogs/chartology/_the_audusd_daily_chart.html Tue, 29 Sep 2009 17:05:24 -0500 The USD/CAD rallied to 1.0900 as prices broke out of a symmetrical triangle pattern. The reason this move now has my attention is from a trade management perspective. http://www.babypips.com/blogs/chartology/usdcad_breakout_reaches_psycho.html http://www.babypips.com/blogs/chartology/usdcad_breakout_reaches_psycho.html Thu, 24 Sep 2009 19:51:30 -0500 I'm watching two charts of the cable for a set up. The 60 minute chart is in an uptrend and so I'm patiently waiting for a pullback to the 1.6609 area for a swing buy in front of the 1.6600 psychological level. http://www.babypips.com/blogs/chartology/watching_sideways_action_on_sh.html http://www.babypips.com/blogs/chartology/watching_sideways_action_on_sh.html Thu, 10 Sep 2009 20:36:26 -0500 I'm not a big fan of Asian session trading BUT if you like lower volatility and that's the only time you have for trading then ... sure, have a go! The trick is to make sure you have adjusted your pip movement expectations so that they are in line with what Asian offer. http://www.babypips.com/blogs/chartology/audusd_thoughts_for_tonight.html http://www.babypips.com/blogs/chartology/audusd_thoughts_for_tonight.html Tue, 08 Sep 2009 13:53:38 -0500