Example of foreign currency exchange trade of the week: Forex double top bear flag in USDCAD 5 minute chart The 5 minute Forex USDCAD candle chart had a strong rally, but failed to get above the prior lower high. This trapped bulls into buying high and bears into waiting to short. The 5 minute Forex […]
Foreign currency exchange trade of the week, February 7, 2015:
Weekly Forex update, January 24, 2015:
Sell climax and an exhaustion gap
Monthly Forex EURUSD candle chart: Strong bear breakout below head and shoulders bottom The monthly EURUSD Forex chart is in a strong breakout below a head and shoulders bottom. A failed bottom usually falls for at least two legs and it typically reaches a measured move projection. The monthly Forex EURUSD candle chart is breaking […]
Forex scalps, December 4, 2014
The weekly EURUSD chart is forming a wedge bottom and traders are buying low. Day traders are more willing to look to buy, especially strong reversals up. There were several scalps up and down on the 5 minute chart today. I have had many requests to post Forex scalps, and am doing so today. On […]
Forex price action showing trend reversal
The Forex market daily chart of the EURUSD cross has been in a trading range for months and had a sharp selloff down to an area where buyers came in during February and April. Traders watching this Forex price action found a day trading opportunity today on the 5 minute chart. The 5 minute Euro […]
Forex trading strategies in broad bull channel
Ninety per cent of the time, the market is either in a channel or in a trading range, and it is better to buy at support and sell at resistance. This a good Forex trading strategy…in fact it is a good trading strategy for any market. In a bull channel, support might be the bottom […]
How to trade foreign exchange market weak breakouts
This is an example of Forex exchange market trading, showing how to trade a weak breakout in the EURUSD. It is from my Futures Magazine webinar for the Traders Expo earlier this week. This is a transcript that was created by YouTube’s Close Caption voice to text, so it probably is not perfect. Hi. I’m […]
Scaling Into trends. example using the forex and currency futures markets
I posted a version of this on Friday, April 26, 2013, but the content was not as clear as I wanted. I remade it today, Sunday, April 28. This video complements my May, 2013 article on Scaling into Trends in Futures magazine. In this video, I am using a 5 minute chart of the Euro […]