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

November 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

Triangle pattern forms on the USD/CAD daily chart

Posted 10:11 30 November 2009 | Comments

The daily USD/CAD has formed a symmetrical triangle as the prices are being squeezed as the pair moves sideways in an accumulation cycle.

The sideways market is a perfect environment for this USD/CAD set up...my only gripe is that the time of year could create some whipsaws for this momentum set up. Use the MACD Histogram to confirm the direction of the break and keep an eye out for major psychological levels at the entry.

Remember that triangles are "self limiting" patterns that will eventually put a squeeze on prices to the point that there is not where left to go. The momentum at the time of the breakout or breakdown will offer some near term insight into the potential follow-through.