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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Setting Up Between the Greens Entries

Posted 10:42 12 January 2011 | Comments

When the market is volatile and/or the Directional Bias of the daily is sideways (in accumulation or distribution) I will rely on my Between the Greens (BTG) set up that uses Fibonacci-based exponential moving averages to gauge corrections in the (very) short-term trend.

Notice that the upper chart has the 34EMA Wave to confirm that the five-minute is indeed heading in a "twelve to two o'clock" or "four to six o'clock" trend. This is the first step because without a trend, the "trend-following" entry based on a correction is not valid!

The "Greens" are the 13 and 21 period EMAs on the close while the red moving averages are the 34 and 55 EMAs on the close. An entry is triggered when prices correct to the "zone" between the 13 and 21 period EMAs hence the entry is "Between the Greens".

The reason I will turn to the very short-term time frame comes from a number of reasons. First of all remember that it is only for trends on the five-minute which is why starting with the 34EMA Wave in an up or downtrend is so important. Mainly however I prefer the five and 15-minute time frames when I am trading a pair that is moving sideways on the daily chart or if I am entering in a direction that counter the daily's Directional Bias (e.g. shorting on a five when the daily is in an uptrend)

For more information on the Between the Greens entry and other entries I use, visit the InterbankFX You Tube channel.