I’ve been chewing on the pronounced change in the direction of the stock market since the collapse earlier in the month, and it took our Head Trader, Al, to simplify it for me. “Jay” he said in his heavy-handed yet somehow patient mqanner, “pull up a monthly chart of the Dow” — see Figure 1. I [...] [...more]
By Jay Norris Technical resistance kept the Dragon at bay again on Friday as GBPJPY stayed below Monthly resistance levels, opening the door to a retest of last Tuesday’s correction low at approx 141.60. The short-term trend on the Weekly Chart remains higher. See Figure 1 Figure 1 The Daily chart in Figure 2 below shows weekly support at 140.00, [...] [...more]
Today Jay Norris will be hosting a free webinar at 3:30 PM CST, where he introduces and demonstrates the use of his proprietory Directional Lines to identify and measure trends. He will demonstrate how this simple tactic is used for higher time frame confirmation, how to guage a markets strength and weakness, how to categorize markets based on trend, and how [...] [...more]
Daily Forex Report for 4/27/10 Click here to view Jay’s Daily Forex Report for 4/27 where he covers 13 live markets and talks about the current Goldman hearings and displays pictures of the fish he caught last week. http://www.forextv.com/Forex/Video/Video.php?bcpid=72130734001&bclid=72066595001&bctid=81363599001 Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk [...] [...more]
Daily Forex Report for 4/26/10 Click here to view Jay’s Daily Forex Report for 4/26 where he covers 13 live markets and talks about simplifying your approach http://www.forextv.com/Forex/Video/Video.php?bcpid=72130734001&bclid=72066595001&bctid=80165895001 Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include [...] [...more]
By Jay Norris GBPJPY is in a position now to shift its short-term trend on the Monthly chart higher for the first time since March 2009 — see Monthly chart Figure 1. With both its Weekly and Daily trends already higher, a shift of the Monthly, which could happen next Friday on the last trading [...] [...more]
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