While the week is not over yet, resistance at the intersection of the 4-year bear trendline for USDJPY at approximately 85.50 – 86.00 has finally slowed the pair, leaving it 50 pips from yesterday’s high at 85.50. USDJPY has vaulted nearly 900 pips the previous 3-weeks in what will likely be seen as one of [...] [...more]
In order to be successful at position trading you either have to not think at all, because you understand that you can trust the chart because price patterns and trends are created by nature, society and economics, or, think like someone who both has a lot of money, and makes a lot money. One thing I’ve learned over the years is [...] [...more]
I revisit my frustrations with free charts once a year or so. MetaTrader4 is a reliable and robust package, and in my humble opinion likely the second biggest contributor to clients losing money since forex brokers started allowing clients to fund their accounts with credit cards. The problem is the default MACD is all wrong, as are [...] [...more]
Tomorrow 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 4/14/10 Click here to view Jay’s Daily Forex Report for 4/14 where he covers 13 live markets and talks about mantaining your focus on price. http://www.forextv.com/Forex/Video/Video.php?bcpid=72130734001&bclid=72066595001&bctid=78044685001 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 [...] [...more]
Daily Forex Report for 4/13/10 Click here to view Jay’s Daily Forex Report for 4/13 where he covers 13 live markets and talks about recognizing those times to not trade and take a longer-term view. http://www.forextv.com/Forex/Video/Video.php?bcpid=72130734001&bclid=72066595001&bctid=77837447001 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 [...] [...more]