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.

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March 2009

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Will the USD/JPY Break 100.00?

Posted 11:32 09 March 2009 | 0

The century mark is a huge psychological level for the USD/JPY and while the deteriorating Japanese economy continues to rally the dollar-yen. With the daily chart still in a strong uptrend, it would not be best to fight the trend on this time frame.

jpy d mt4 3-9-2009 11-36-00 AM.gif

However, there are some intraday set ups that could set up weakness at these heights that would be both shorter term (accounting for a short term correction versus an all-out reversal) and lower risk.

jpy 60 3-9-2009 11-30-43 AM.gif

The pattern set up here can be played as a continuation off the uptrend line support (blue) or if selling pressure commits, there could be a set up as prices break down through this same support level. It is the decision level in the uptrending pattern.

jpy 60 3-9-2009 11-45-38 AM.gif

The uptrend itself will be intact as long as price trades above the Wave. Watch for support between 98.20 to 97.90.

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Forex Blog: Chartology

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