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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USD/JPY Mark Down Set Ups to Consider

Posted 09:16 24 November 2009 | Comments

With the trend firmly lower across the board on the USD/JPY there are a number of mark down cycle opportunities to consider.

Looking short term at my five minute intraday trading strategy which capitalizes on corrections on trends, the USD/JPY has been reliably triggering shorts "between the greens". This set up is only valid if the trend is down as indicated by the 34ema Wave heading lower in a "four to six o'clock" Wave angle.

The current bounce is the most recent short trigger and I'm watching the 89.50 major psychological level closely as the U.S. equities market us about eight minutes from the open. Remember that when you're trading the USD/JPY, the risk appetite/aversion of equities will be a major factor. The current downtrend reflects that the yen continues to rally against the U.S. Dollar. The downtrend on the other (longer) intraday time frames are setting up swing shorts. Near term opportunities can be seen on the 15 and 30 minute charts where bounces up to the 34ema low could be shorted. Because of the fast sell-off in the USD/JPY, the 15 minute is likely your best bet.