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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Is the short-term USD/CHF ready to roll over?

Posted 21:35 19 July 2010 | Comments

With the mark up cycle still intact, the 15-minute USD/CHF is weakening once again as prices test the 1.0550 level. This is the second, arguably the third such test in as many days.For an uptrend to reverse, prices much trade lower through the support of my 34EMA Wave (the 34EMA on the close is plotted on the chart below)

Chart date range 16-Jul 03:30 GMT-> 19-Jul 23:30 GMT
Data Interval 15 Minutes

Summary
Target Level 1.0445 (SUPPORT AND JULY 19 SESSION LOW)
Stop Level 1.0559 (NEAR TERM RESISTANCE)

Analysis
Rising Wedge identified at 19-Jul 22:00 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0445.

Resistance Levels
(B) 1.0559 Last resistance turning point of Rising Wedge.

Support Levels
(A) 1.0445 Last support turning point of Rising Wedge.