Trade Ideas

It looks like risk sentiment is over powering technical analysis as concerns of the revised stimulus plan will fail is being priced into the markets. Traders are moving money back into

I’ve been watching the dollar to see where signs of safe haven unwinding may occur. I am neither expecting it nor forecasting it but I do need to know where the dollar might start to correct.

There wasn’t much of a rectracement after the break as ‘Cable’ only made a high around 1.4565 before continuing the move during the Asia trading session. After a brief spike due to

As the daily EUR/USD continues to bounce lower off the 34EMA low (bottom line of the Wave) the U.S. Dollar Index has found its way higher above the psychological 86.00 level. The shift of psychology for dollar strength is significantly improved by trading above the “00”.

The U.S. Dollar Index is selling off today as the EUR/USD is rallying in what is still a downtrend. The dollar is trading at 85.25 this afternoon as London has called it a day and is likely enjoying a pint after a long week. So what does this move higher mean?

The cable is “resting” after a day that has a lot of traders scratching their heads. The price action after a 50 basis point cut is not generally known to cause a rally. The point here though, as is always the point in CHARTOLOGY is that price tells the most accurate story

Good afternoon! My remaining position was closed this morning as EUR/CAD hit my second profit target at 1.5720.

My trade closed shortly after I posted my update as the US Dollar sold off across the majors on weak ADP data and ISM Services data. AUD/USD rallied and hit my adjusted stop at .6490.

Take a look at my last post and you’ll see the USD/JPY in a congestion pattern, a triangle, as the Dow headed lower. But alas the Dow was looking for a reason to rip.

The Dow and USD/JPY are correlated charts. As the Dow weakens the USD/JPY moves lower. It’s a sympathetic relationship. So this morning as I see the falling wedge pattern on the Dow, I expect lower lows, especially after yesterday’s break of 8,000.

Two patterns have emerged on the daily chart of the EUR/USD. The qualifier here will be the eventual market cycle that settles in this week.

Greetings! I’ve been in this trade for a few days and it’s been an up and down ride as I was down a bit, then Cable dropped my way to 1.41, and now it has shot back up above 1.43. So, Cable really hasn’t gone much of anywhere and

The cable has reached the 34EMA low which is the bottom line of the Wave on the daily chart. When the market cycle is down this is typically a great point at which to initiate a short position. Normally that’s the plan BUT…

My trade was closed at the end of the US trading session yesterday as EUR/JPY continued to rally and hit my adjusted stop at break even.

Here comes the chop…Both the dollar-canada and crude oil are going into a distribution cycle on their respective daily charts. The USD/CAD has formed a triangle chart pattern and as it bounces around the market cycle has transitioned

Trading forex is a big picture game. Understanding how the dollar moves and moreso, what moves it is all part of that bigger picture. When you understand the relationships you are less likely to be blindsided by price movement and

It’s a new week, and for a second it looks like the markets were back to Euro selling as EUR/USD markets opened up and fell back below 1.29. However, it didn’t manage to hold as

“Grab” charts are a visual cue to let you know at a glance whether prices are trading within, above, or below the Wave. My plug-in works on the MT4 platform and as far as I can tell any version. This is nothing more than the same color coding that has been a part of my …

Hello! I’ve been in this trade for over a week, and it looks like the current leg of the downtrend is running out of steam, especially as it finds support around .6500.

There are two “market pulse” charts to watch for secondary confirmation when trading the USD/JPY, the dollar and dow. However, the USD/JPY has a unique and strong correlation to the Dow and this is one sympathetic relationship that is commonly overlooked.