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.

Del.icio.us Bookmark

Technorati Favorite

Latest Posts

May 2009

S	M	T	W	T	F	S
					1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18	19	20	21	22	23
24	25	26	27	28	29	30
31

Market Pulse & The Funnel Mindset (part one)

Posted 10:33 26 May 2009 | Comments

One of the things I have always relied on in my forex trading is my background in futures trading. I started trading futures loooong before I even know about forex pairs. I traded currencies for years on the CME and eventually -- at the prodding of a few good friends -- decided to try my hand on this "new" market call the foreign exchange.

Along with me came my knowledge of the importance of time and price action and charting analysis...and what I call my "market pulse" which is defined as the markets that move the markets. I think there are a few key commodities markets that make the world go round:

U.S. Dollar Index
crude oil
Dow Jones
gold
Continuous Commodity Index
Fed Funds

Does this mean that along with your forex trading you must now be a futures trader too? You can of course choose to be if you want to...but what I am recommending you do is actually learn to see how those six markets I've listed effect your forex trading.

Think of it this way: If forex trading reflects the currencies of two countries and if a nation's currency is reflective of their economy...we must at very least have an idea of what can effect the economy of each country. I believe most traders already know this and that's because I see the way the markets react to news and data is but one aspect of what can effect a nation's economy.

Consider the "market pulse" to be another part of that puzzle. The U.S. Dollar is the most important and the easiest to define. Each major pair trades against the dollar so it's part of our job to understand where it's heading because that's going to effect the pair's movement.

Think about it: What do the... EUR/USD ... USD/JPY ... GBP/USD ... USD/CHF ... USD/CAD ... AUD/USD ... NZD/USD all have in common?

The U.S. Dollar!

In the next update I will share a video of the "funnel mindset or approach" that I discussed in my first book back in 2004. I explain how and which markets to focus on.

In the meanwhile, here's where the dollar is today: