Forex Trade Signals and Setups Feb. 22nd
EURGBP – Makes New Yearly Highs After starting off the year being voted most boring pair to trade for Jan. and Feb., the EURGBP has woken up out of its slumber by the bulls on parade which today have taken out the yearly high and key resistance at .8407 with a closing print of .8456. This is a strong breakout bar with good clearing distance suggesting this is the Real McCoy (at least for...
Read MoreForex Trade Signals and Setups Feb. 21st
Silver – Pinbar False Break Played Out Well Silver has been stuck in a very contrived range since Jan. 26th confined within a $1.50 range for a long time. However, on Thursday last week a Pinbar False Break formed off the range low which was actually ideal, as it broke the range low, but then created a false break and eventually a pinbar. This trapped intraday traders who went short on...
Read MoreHow Many Patterns Do You See Here? A Forex Trading Quiz
I have been working really hard lately on my upcoming book ‘Trading Price Action‘ which I am seriously looking forward to finish and deliver to the world at large. Currently I am dissecting a chapter on pattern recognition and came across this interesting chart. In trading, we often look for fixed patterns we are trained to see, such as; Inside Bars Pinbars Outside...
Read MoreForex Trade Signals and Setups Feb. 16th
GBPUSD – Explodes to Take Out 20ema After consolidating for the first few hours of the London open, the Cable in a matter of a few hours shot up almost 150pips in early NY trading. This is the first time it has closed above the 20ema on the 4hr time frame since Feb. 13th, where it shortly after closed below and resumed the downtrend as noted in the chart below. This time however, we...
Read MoreOde To The 4hr Charts…
I want to share with you some results and tell me if you think these would be considered professional grade, or highly impressive to say the least; 110% gain for 2011 124 Trades, 74 winners, 50 Losses 59.67% Accuracy Rate Largest Win: $14,360 Largest Loss: $8,180 Max Win = 43% larger than Max Loss Max Consec. Wins: 16 Max Consec. Losses: 6 Max Consec. Win Streak 2.66x Larger Than Max....
Read MoreForex Trade Signals and Setups Feb 14th – Chris Capre
AUDUSD – Possible Breakdown After posting an impressive 600+pip gain for the year, the pair has posted its first 4 out of 5 day bear close along with its first touch of the daily 20ema in over a month. What should be noticed is how price rejected off the daily 20ema almost to the pip, then closed up 60+pips off the lows. This makes the rejection off the 20ema larger in price action then...
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