Posts Tagged ‘Bias’
This morning I hosted a 30-minute forex webinar and the topics were basically chosen by the participants who were their and the topics can be eclectic and that’s part of the fun. I DO try to keep some cohesion and I think today’s talk had a nice flow.
The topic began with a look at [...]
The sideways chop on the U.S. Dollar continues as the index was rejected from the 76.50 level for the third time since late-May. What does this mean for your trading and how can you handle the summer chop?
Part of my advice in this video is first to recognize the Directional Bias (always from the Daily [...]
This is more of a cautionary set up than one that I would’ve recommend taking. It involves the power of understanding the Directional Bias of the daily and how longer-term time frames (60 and 240-minute) entries should follow the Bias if there is a trend. This is indeed an (fresh) uptrend on the daily GBP/USD [...]
Today’s ForexAM video is – as far as I’m concerned – the first one of the year since the volume/bank holidays really didn’t make for an interesting or fully participated Monday session. The dollar did break lower and stay below the 34EMA on the daily chart and this has brought about a transition in the [...]
Here’s my daily Forex AM program where I discuss my daily trading outlook as well as some helpful lessons about the way I analyze the markets and set up my trades.
I have really been emphasizing directional bias and today’s show is no exception. The directional bias analysis of the dollar has been especially key to [...]
Price action on Gold (a 4-hour chart of which is shown) as of Wednesday (12/15/2010) has continued to respect a parallel uptrend channel that extends back to the late July low. This channel represents accelerated bullishness within the larger context of a much longer term uptrend. Currently, price action is near the bottom support line [...]
I discussed this point – the importance of using the daily chart’s “directional bias” – in my prior Chartology post but I wanted to share the real-world application in term of the price action we’ve seen the last two trading sessions.
The Monday session was a strong pullback on the shallow uptrend of the U.S. Dollar. [...]
Price action on EUR/USD (a 4-hour chart of which is shown) as of Tuesday (11/30/2010) has just dipped tentatively under 1.3000, establishing a new 11-week low. Price action has continued its methodical bearishness of the past month (November), regularly breaking down below key support levels, pulling back (rallying) and retesting those previous support levels as [...]
Price action on AUD/USD (a 4-hour chart of which is shown) as of Friday (11/05/2010) has continued to display its bullish intent on the heels of this week’s FOMC and Non-Farm Payrolls announcements. This bullish march appears intent on reaching yet higher record highs. After breaking out cleanly above parity (1.0000) and establishing a multi-decade [...]
Price action on USD/CAD (a daily chart of which is shown) as of Friday (10/15/2010) has shown some bullish correctiveness today after hitting parity (1.0000) on Thursday, but overall the pair still appears biased to the downside in line with the steep downtrend. For more technical analysis on this currency pair, please click here for [...]
