Momentum Trading with the Wave and Chart Patterns
It was only after I embraced market cycles that I truly began to understand what to do with all the “lines and levels” I had learned to draw on my charts. Raghee’s Horner explains how to become a successful momentum trader.
Crude and the Dow: Trading forex with other markets
Forex traders are uniquely positioned to take advantage of movement across multiple markets…
Finding Opportunities in the Dollar’s Bounce
The U.S. Dollar’s bounce from 74.48 has been holding since the 22nd. Seven days later we’re seeing some weakness in this rally.
Looking at the longer term set ups this week
I had a quick talk about holiday trading with a fellow trader this morning.
Dollar revisits lows as EUR/USD tests 1.4800
It’s not unusual to get mixed signals as prices rise to significant highs or lows.
Quiet Start to the Week
Maybe it’s Tryptophan, Turkey, and Thanksgiving but the markets are already acting like they’ve feasted on the big meal…
Canada + Crude = Dollar Bottom?
Picking tops and bottoms has always been a risky way to trade…it’s a low percentage loser’s game.
Bullish talk takes Dollar up to 76.00
Talk is cheap but in this case, all the bullish talk about the U.S. Dollar has formed a neat term support level at the 75.00 psychological level.
Dollar Sell-Off Aftermath
The sell off in the U.S. Dollar can’t come as a complete surprise to traders.
The GBP/USD and 2.1000
The 2.000 hurdle was a huge psychological level for the GBP/USD and now that support has been tested at 2.0800 and 2.0780.
The EUR/USD Tests 1.4500
The U.S. Dollar Index shorts remain undeterred.
Trading the USD/JPY with Today’s Weak Dow
With the FOMC decision in the books, we’ve finally had a chance to exhale.