Watch this key level on the Dollar
The Dollar has resisted moving outside its very early morning range set during the London open…
The dollar tests psychological resistance
With another quiet economic morning, most eyes and ears will be on the Fed President Lacker and the FOMC minutes release…
Consolidation rules the dollar
With holidays in Japan, the U.S. and in Canada a large part of activity will be missing from the market…
Watch this key pattern on the Dollar
The U.S. Dollar (Cash Index) has been testing the psychological level of 86.00 steadily since September 8th.
Anatomy of a trade
The U.S. Dollar Index is far from steady on the daily timeframe and it appears sharp moves up and only to be driven down by equally sharp sell offs…and vice versa.
The eventual breakout of this pattern is key
The U.S. Dollar has found itself up near the resistance of the triangle pattern that it has been trading within for about two months now.
5 timeframes I watch for trade setups
Each morning starts with a look at the U.S. Dollar Index Cash chart.
Anatomy Of A Trade
This ESH3 chart gives us a look at the closing action of Tuesday through lunchtime Wednesday. The levels I have carried over are gaps and support/resistance from previous trading sessions.(1) 897 ᾠ“AM” top pivot(2) 893.25 ᾠ“AM” bottom pivot(3) 896
Using The Three-Minute Chart for Setups
Tuesday was “headfake” day: low volume and no real buying catalyst. So the FOMC left well enough alone with the rates, however, the release of the FOMC Minutes at 2:00 p.m. ET will be a s-l-o-w digestion of information and opinion… Traders will be reading between the lines.The
Combing Longer-Term And Shorter-Term Trading Levels For More Precise Entries
Letus take a longer-term look (daily) and intermediate look (10-minute)and an intraday setup look (3-minute) of the ES and NQ.These views should give us insight into not only the remainder of thetrading week but also perhaps a look into how this market will close out 2002.This week will bringback so
The Before And After The Bell Checklist
Before-The-BellChecklist: Do you have the price levels of the gaps from the last ten trading sessions? (See Monday’s E Files.) Have you noted any significant psychological numbers, i.e., decade and century number like 900 on the ES and 105
How To Set Up Intraday Charts Using Indicator Filters
What “location, location, location” is to real estate…”price, price, price” is to trading.All trading plans must start with price. A single price at which you will engage the market. Each morning, you must have the following already marked on your intraday chart b