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?

Chartology Author

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.

Latest Posts

September 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

Archives

Watching sideways action on short term cable

Posted 20:36 10 September 2009 | 0

9-10-2009 8-22-17 PM.gif

I'm watching two charts of the cable for a set up. The 60 minute chart is in an uptrend and so I'm patiently waiting for a pullback to the 1.6609 area for a swing buy in front of the 1.6600 psychological level.

In the meanwhile I know I need some weakness to get that correction so take a look at the 15 minute chart (above) and the wedge pattern that has broken the uptrend line supprt but has yet to really follow through to the downside. The market cycle on the 15 min is sideways as the narrow sideways channel have been holding. You can look for triangles in this market cycle as well...

Bottom line is that without the breakdown on the 15 min chart I am not going to get my swing buy on the 60 so there are actually two trades to consider. 1) The channel breakdown on the 15 which would be a momentum short and 2) the swing buy on 60 if prices reach the 34ema high support.

Comments (0)

Post a Comment

Oh snap! You need to be signed in to post comments! If you're already a BabyPips.com member, please sign in. If you aren't part of our ridiculously cool club, please register. It's free! And cool.

Forex Blog: Chartology

"Most people would rather die than think; in fact, they do so."
Bertrand Russell
Clicky Web Analytics
Feedback Form