May 13, 2008
May 06, 2008
Market Pulse, Market Cycles, & Chart Patterns
This is today's Chart Pattern Trading webinar replay (May 6th). We talked about a lot of important topics to forex trading success as well as chart pattern trading. It runs just under 40 minutes and is a terrific primer (if I may say so) to getting a complete view of the markets as well as getting started with some specific chart pattern trading steps.
Get your 21-day free trial to Autochartist and your free INTRO video series here.
April 24, 2008
EUR/USD Opp on Dollar Rally
So are you buying into (literally) into the Dollar's rally? Or are you skeptical of this move?
The EUR/USD is pulling back and presenting a swing buy opportunity on today's action. Like any and all true swing plays it is a trend following set up with a contrarian entry. In other words, you're following the overall trend but are entering on a correction.
The notes on the chart show the area of buying opportunity as prices pull back into the support of the Wave. The "POV" means point of validity and that shows where the buy would no longer be valid.
April 23, 2008
This week's Chart Pattern Trading webinar (4/22)
Get your 21-day free trial to Autochartist and your free INTRO video series here.
March 31, 2008
March 25, 2008
March 04, 2008
February 04, 2008
The Aussie and today's rate decision
Tonight at 10:30pm EST the RBA will release its decision and statement on rates. The AUD/USD is currently poised to make a run at 0.9100 and with the expectations of rate hike (.25 basis to 7.00%) the level could surely be expected to be broken to the upside.
The interesting scenario becomes if the rates are not hiked at the current wedge is tested to the downside breaking the short term intraday uptrend.
We'll have to play this pattern to both sides (like all rising or falling patterns) and if the continuation fails, then be ready for the support uptrend line to be broker and play the reversal. - Corey, Autochartist.
Join Raghee Horner each Tuesday at 11:00am EST for the Chart Pattern Trading webinar here at FXStreet.
For a free 21-day trail of Autochartist, click here.
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