Where Now, Mr. Dow?
Looking at a very long-term view of the Dow on the weekly chart, price reached a peak high on Oct 7th, 2007 at 14198.00 and reached a low on March 1st, 2009 at 6474.09.…
We've got a great Fibonacci pattern here, with divergence as well. The first time we bounced up the resistance held. …
Looking at a very long-term view of the Dow on the weekly chart, price reached a peak high on Oct 7th, 2007 at 14198.00 and reached a low on March 1st, 2009 at 6474.09.…
It's the first Friday of a brand new month, which means new Non-Farm Payroll numbers soon to be announced.…
This past week brought some big breakthroughs for the EUR/USD pair, completing a long-term Fibonacci pattern which started back in March.…
Gold hit a double-top this week, touching a key level last reached during the week of February 15, 2009 and breaking the $1,000.00 mark for the for the third time in about a year and a half.…
Gold is ending the week at a key support level. If 929.39 continues to hold, we could see a rally week which takes us first to 958.60, and if that breaks possibly to re-test January's high of 1005.98…
Existing Home Sales came in today at 4.77 million - less than the 4.82 million analysts had been expecting, but still a slight increase from 4.68 million the prior month.…
The idea is that you want to be trading outside of this tunnel. The tunnel can also show you a "squeeze" prior to a break-out forming, which is part of the reason I do no need Bollinger Bands up on my chart…
You've probably heard by now that it is absolutely essential to keep a trading journal. Without one, and without taking the time to review it, you could very well end up repeating the same mistakes over and over, rather than progressing. …
We get a lot of questions regarding when the best times to trade are. Here are some charts which will hopefully help...…
BabyPips.com Forex Blog Updates