Archive
Monthly Archives: May 2013
Monthly Archives: May 2013
Crude Oil 15-Minute We can see crude oil testing the lows of the price wedge, so we are looking for buying opportunities as price rises off the lows. We will take profit targets at 95.01, 95.22 and 95.50 area on the way up. We also remember this price action has been very 2-sided today so […]
Continue readingWe can see the Dollar-Index is trading lower this morning, which will be bullish for Euro, however, we can see also the bullish price-reversal zone we are now trading within which tells us this price-action is due for a short term price-reversal back higher. We have a target of 83.915 for the rising prices, and […]
Continue reading“You gain strength, courage and confidence by every experience in which you stop to look fear in the face.” – Eleanor Roosevelt This morning is Wednesday with very little news on the economic calendar, which means we will be trading lightly this morning going into the opening bell in the US at 9:30am EST. We […]
Continue readingDollar Index Correlation This morning we traded 3 different markets and earned some great profits alongside our Advanced Members. Our Live Trade Room is designed to make it EASY for you to shadow-trade and replicate the same results as our moderator, which is why our community of traders is growing faster than any other educational […]
Continue readingEuro Currency Futures We see that the Euro Futures moved right into a sell zone from the 27th. I was looking to sell in this area. Gold Futures We first saw Gold prices coming down into a trend line support area. You can also see it begin to reject the previous swing low in green. […]
Continue readingCrude Oil 15-Minute Crude Oil has traded ALL the way up to the highs of the price-wedge, the price-channel, and testing the symmetry resistance area. We have been cautious buying pullbacks on the way up, and now we’re looking forward to an easy price-reversal and selling opportunity to get short at these highs. We will […]
Continue readingEuro 60-Minute We used the Dollar-Index correlation earlier this morning to look for a selling opportunity on the euro just after 9:00am EST. The Dollar-Index is made up mostly of the Euro currency, so there is a strong correlation we used for an easy +60-tick winning trade this morning. Dollar Index 5-Minute Now the euro […]
Continue readingCrude Oil 15-Minute Crude Oil 15-minute anchor chart prep shows us the resistance overhead in the form of symmetry, price-channel, and a trigger-zone from the major swing-high down to the major swing-low. We know this price-action appears to be strong and bullish this morning, so we need to see a 5-Minute candle close above the […]
Continue readingDollar Index 5-Minute The Dollar-Index 5-minute chart tells us we have tested both the double-top buy-zone and the trigger-zone support as price moved lower on Monday and overnight last-night. This morning we can see the Dollar-Index moving higher up to the 83.900 area where we then have to look for more clues. In the short […]
Continue readingCrude Oil Weekly Crude Oil Weekly: Weekly anchor chart shows us an open to a new holiday-shortened week in the middle of this price-wedge structure we have been trading within for the last 3 weeks. Click here to view ALL of the Daily price-levels The last 4 weeks of trading have been spent […]
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