broker forex images and picture gallery
| iftc forex trading strategy2 gif | |
|
|
direction of the market As I said always there will be some wrong trades So assume it as a lesson and exit immediately and run with the trend |
| ADX DMI cross jpg | |
|
|
as the plus DI and the green line is the ADX I have drawn a line at the 20 level for the ADX since the rise of the ADX above 20 signifies an emerging of a trend Overall if we observe only both the DMI lines the blue and the red it does give a correct picture of the trend and keeps us in the |
| Finding Great Places To Buy On Support or Sell On Resistance | |
|
|
Now price may not always pause at these support resistance zones so I use other tools to make sure that I am getting in on a high probability setup Let s look at an example on the EUR AUD The EUR AUD touches the 1 7450 s r zone twice You can see that the pair touches the important s r zone around 1 7450 twice I placed my s r line at this zone back then knowing that in the |
| GBP JPY at the Support Level | |
|
|
line shown in the Daily chart This horizontal line has shown reversals in the past 4 Up Trend Channel The same up trend channel from the Daily chart Let s look at how to trade this My bias is to buy at the support area The long term trend shows a buy off of support has worked My motto is Always go with the trend If a break below the up trend channel look for |
| Too Much of a Good Thing | |
|
|
last night This trade easily made more pips than the other three trades this week so why was this trade the most difficult trade for me The easiest way to show why is this chart below Is this 110 pips gained or 200 pips lost The USD CHF instantly blew through my profit target last night and then went another 200 pips All of this happened in a few short minutes There was |
| GBY JPY SOARING last week to now | |
|
|
also broke to the upside of the pink wedge This was when the pair was trading at 147 38 The pair has moved positive since then Let s continue to look at this weeks chart for more details This is this week s 30 min chart This chart has several indicators of interest As you will notice there has a Green wedge added to the charts There are the other color wedges as was |
| GBP JPY Back to the Future | |
|
|
moves up 40 Moving Average This moving average agrees with the Up Trend Channel showing additional strength Action Area Here there are strong price movements With an upward bias The pair has bounced of this action area yesterday Today it is back in the area I will use the same call as the previous blog post Always go with the trend The trend has shown a bounce |
| Why Indicators Can Sometimes Be A Great Thing Answer to the Pop | |
|
|
hint that price may move upward on the pair With the BULLISH divergence setup we see price make LOWER lows but the indicator makes HIGHER lows hinting at the possibility of a move upward The BULLISH divergence setup is when price makes LOWER lows and the indicator makes HIGHER lows One last thing about BULLISH divergence there is one pair that is showing this right now on |
| The Shoulder Has Appeared For All To See Now Whats Next | |
|
|
an ebook with some really cool trade setups and if you get on the list I can send it out to you as soon as it is completed For the Head and Shoulders formation I like to see the following Price pauses at 0 7300 on the way down AND it touches this zone twice in October 2008 after pushing through the zone |
| Touch of Death and More | |
|
|
this pair to go up from here and will watch carefully to see if the pair can make it above 134 40 and beyond from there to 136 00 This could be an excellent opportunity to get a lot of pips Maybe the old resistance level at 130 98 has now become support I like this trade because price has clearly bounced off of this resistance support level so I am excited about the possibility |