From USD/JPY 15 min chart, I have place on chart Major Resistance & Support areas. Also, major down trend did break (yellow triangle area), then PA when back up to major Resistance last day of trading. Noted on chart are areas that would have been low risk & safer places to initiate new trades. ( These are the GREEN & RED "X' areas)- which are either when ema 9 &...
On EUR/USD 1 D chart, it appears like MAJOR uptrend line (wide light blue) price action just BROKE (orange oval area on chart). All EMA's are above PA, so Bears are in control of pair. Because of the very very slow nature of PA for this pair, I going to find PA areas to make longer TF trades, shorter TF trades do not move much and range a lot here. Either 1 hour,...
On EURUSD 1M chart (not for trading-informational only)- all in my opinion points to a continuation of its BEARISH trend from 2008 until end of 2016/2017. I start with BIG picture of any pair, then go down to LITTLE picture to trade. All EMA's are above PA & pair has been in a MONTHLY consolidation range from early 2015 & still going today (see Black edge...
I have did research on what is the best non-USD FOREX pair to trade binary opitions. In my opinion they are anything related to the EUR pairs. Some examples of EUR cross pairs are: EUR/CHF, EUR/GBP or EUR/AUD. * I did this research, so when USD markets are CLOSED due to a Federal Holiday (Memorial Day/ like 5/30/2016-Mon) - I can trade a pair which has momentum...
Do you know when YOU should start a new trade? Best times (see orange box & oval areas) are when a breakout of an chart pattern happens ( ei.. Harami, Engulfing, Pinbar or other's happen) OR from an area of consolidating ranging PA. Remember that not all candlesticks are created equally, some candlesticks are just what they are... candlesticks (nothing more)....
From my analysis of AUDUSD 1M chart, which is not for trading purposes, but only for knowledge. I see bearish signs which will continue until end of 2016. I placed the XAUUSD on chart to show you the POSITIVE correlation with GOLD. Why would an Australian pair be related to GOLD? Because it is the 3rd largest gold producer in the world at around $5 billion...
Per inchimoku cloud indicator on USDJPY 1M chart. Yes, this is not for trading, just for your knowledge of big picture, I believe that this pair will be continuing to be BEARISH for rest of 2016. Here are my several reasons/opinions why: 1) 1st look at RSI on bottom of chart--- it has went below 50 level which this pair has not done since 2013. 2) Averages of...
Like like the USDCAD & USOIL pair, EURUSD is negatively correlated to USDCHF. You need to know this kind of information if you happen to be trading both pairs. If EURUSD goes up, then USDCHF will go down. For PAIRS you do trade, put in BROWSER: example> EURUSD personality and read about how this pair acts. Just like your family or friends--- all have their...
The noted chart is USDJPY 15 mn chart, an any time frames that you look at to trade , you should note if PAIR is in a trending or in a (confluence) ranging narrow sideways price action. Can you trade anytime? YES. Should you trade any time? NO. This is for money management and continuing to profit, while trading binary options. The most risky times to trade...
I have read on line & verified per 1 DAY USDCAD & 1 DAY USOIL chart that it TRUE, about the negative correlation. The reason this pair is a COMMODITY related pair is CANADA economy is highly dependent on its UNITED STATES southern neighbor and exporting OIL to it's country. Around 70 percent of all of Canada's OIL is exported go to USD. Please look how the...
Remember that psychology plays a role in traders. The reaction of NEWS on pairs affects if pair will go up or down. If you have been trading charts for any length of time, another reason is noticing Support & Resistance areas. Have you noticed around either Double Zero's or Triple Zero numbers that odd behavior in price action will have an a tendency to exhibit....
Today, EURUSD 15 minute chart has hit a very MAJOR support area of 1.11400 & bounced up. Afterwards per Ichimoku CLOUD both the TENKAN LINE (purple) crossed over the KIJUN LINE ( blue) which is a bullish sign too. Price action crossed over 50 MA (moving line), which is another bullish indication. Per the Ichimoku cloud the Chikou span ( lagging line/black) crossed...
It is not one picture or moment of any chart that should determine your trading, but what is causing price action to go a certain direction. When you breakdown the GBPUSD, start at Monthly & Weekly charts- I see that price action going on this start of 2016 has been at record LOWS. Question is How Low Can This Pairs Price Action Go? Not much... I think per GBPUSD...
When your windows are clean or your charts are clear of all indicators, what is left for you to look at? On noted AUDUSD 15 mn chart here our some of the questions to ask, when doing a 15 mn or higher TF trade: 1) Where are EMA's of 9 (blue line) & 26 (red line)? Did they cross each other- good time to enter a new trade. Are they both close together or have some...
On USDJPY 4hr chart, price action is bullish for remainder of today as long as it goes above 1st S/R area noted on chart. Would continue on trading with TREND as always related to money management & safety with less risk too.
Per price action & soon price action break out of EURUSD 15mn chart, will breakout soon to bottom of PINK LINE noted on chart. Be ready to trade with the bears of puts when price action closes below that line. Also, Ichimoku indicator will break below the cloud which confirms put trades are in control. Look- always Ichimoku is doing a Kumo or Cloud twist which...
If current price action on 1 HR chart ends up closing above 0.73000 level, then go BULLS & if price action of current 1 HR candlestick stays below that level, would think a reversal would be in order. On noted Ichimoku cloud indicator price action has made a red & blue cross over which would have been a great place to go long at that time. Now price action is...
When on Ichimoku Cloud indicator shows a CLOUD or KUMO Twist... it means in near FUTURE a direction or Price action change will happen soon. Should take notice and plan your trading strategy accordingly. Remember that this indicator gives you the PAST, PRESENT & FUTURE if you understand the concepts and goals of this one. This is a trend indicator, not ranging.