Posts Tagged ‘Trend’
I recorded this video series in small chunks (back on January 25) so each topic could be covered in about five minutes although on the last one I lost track of time so it runs just under ten minutes.
(And this is a great follow-up to my last update here at Baby Pips, “The EUR/USD Enters [...]
London Gold Market Report
from Ben Traynor
BullionVault
Wednesday 25 January 2012, 08:30 EST
SPOT MARKET gold bullion prices dropped to $1653 an ounce Wednesday morning London time – down 1.7% from Monday’s high – while stock markets, commodities and the Euro all slid and US Treasuries gained after the head of the International Monetary Fund suggested the European Central [...]
Gold Strength Seen During The Week But Capped On Profit Taking
Click here for the full article: Gold strength On Flight To safety
Gold fell 1 percent during the final day of the week as the dollar gained across the board versus the other majors on a flight to liquidity. This came after the rumours regarding a potential credit [...]
EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.4246 (Oct 27 high), the price action from 1.2946 is likely consolidation of the downtrend. As long as the trend line resistance holds, we’d expect downtrend to resume, and another fall towards 1.2500 is still possible. Initial support is at [...]
On the daily chart the EURCHF is looking pretty ugly, however, on the weekly chart it is looking very interesting! We have a few weekly formations at present that show the EURCHF hitting resistance at 1.2340-50 and coming off.
The current inside week formed last week shows that there’s likely to be a push soon, just [...]
It’s more important than ever to get clarity on market trends. Without a clear methodology to identify a trend and also corrections in the trend, trend trading would be impossible.
To simply say “I’m a trend trader” is not enough. Far too may traders expect higher lows (support) or lower highs (resistance) without confirming that the [...]
Swing trading is – to me – defined my first identifying a trend using my GRaB candles and 34EMA Wave. Second I look for corrections which are bounces to resistance in a downtrend and pullbacks to support in an uptrend. Another one of my favorite tools to use is Autochartist’s PowerStats which offers me insight [...]
This is a question I received from a new trader who has been learning about how I trade. It’s an interesting question – especially during these times where the lack of a bullish or bearish Directional bias on many majors – is increasingly driving me personally to the shorter-term, intaday time frames.
I think it posed [...]
GBPUSD is facing the resistance of the downtrend line from 1.6441 to 1.6261, a clear break above the trend line resistance will indicate that a cycle bottom had been formed at 1.5912, then lengthier consolidation of downtrend from 1.6546 could be seen. On the other side, downtrend could be expected to resume after touching the [...]
EURUSD stays above the rising trend line on 4-hour chart, and remains in uptrend from 1.3969. Key support is now at 1.4557, as long as this level holds, uptrend could be expected to continue, and next target would be at 1.4750 area. However, a breakdown below 1.4557 will indicate that a cycle top has been [...]
