Here is a bullish Gartly forming on the 4 hr chart. This will precede the bearish butterfly I pointed out could form. The news on friday was nothing more than intra-day market niose. After it was all said and done, the price structure remains in ...

EUR/USD Trading Room

Here is the current chart I am working off of. Looks like a butterfly about to form. We need a near 38.2 retrace just below median line, then bounce to a slightly new over all high at that top weekly trend line, then look out below! I agree with the ...

EUR/USD Trading Room

Entry level achieved. Now lets see if it confirms and signals a short entry. Looking for ST trend lines to be broke, and a couple ma cross. Dave

EUR/USD Trading Room

Heres my current view on euro$. When indicators become crossed, flat, or uncertain, revert back to basic trend lines and rules, and how you have come to know a pair to act. The yellow entry box falls between the 61.8 and 76.2 fibos. This is also ...

EUR/USD Trading Room

EURO$ is not very predictable right now. Notice on the one hr charts how the candles shadows are long. And how the rallys are running into sharp drops right after. Its going to be a choppy ride up to its topping out level. Could be 1.4500 or might ...

EUR/USD Trading Room

The price over shot my top by about 70 pips. Not bad from daily/weekly chart projection. The overshot just means more money. I won't close longs untill a daily signal is given. The top weekly trend line is broke, and price remains above it. This ...

EUR/USD Trading Room

Can any body say CHA CHING!! These are the best times to trade. All the big moves are based on so called news. But the nature of the news means little. Its human nature that we are studying. If people are skeptical, then pos. news might have the ...

Trading Sep, 18th Fed's rate statement

Great stuff. Problem with euro$ is that it is already at an extreme high as it nears 1.4000. Because 1.4500 is an all time high. There should not be very many big players buying euro at this level because any rally will be met with big long term ...

Trading Sep, 18th Fed's rate statement

Hey guys. I have been working with EA's for over a year now. I do not know of any system on line that works with hard coded rules. My real working systems either don't, or are too complex to write into code. Untill you can code personal discretion ...

Automated Trading

I am looking for another rally before a significant bearish correction. I am looking at 1.4000-1.4050 as a top. There is a significant weekly trend line up in that range. Dave

EUR/USD Trading Room

I am suprised to not see a spike near 1.3800 again befor continuing down. It usually happens on trend changes. Hopefully this "is" that spike, and will resume down soon. But if it jumps up more, its last chance to exit longs, and to get prime short ...

did the Euro/USD posted its top today?

C-mon guys, view this as technical analysis's. What this chart is telling us is that this low volitity is nothing new. As a matter of fact, it has marked major turning points in the over all market trend. I plan to hold these positions a long time. ...

EUR/USD -Market Gap

Here an example of adding to a winning position. Target range determined by wolf wave analysis. Dave

Day Trading vs. Swing Trading vs. Position Trading

I am a full time position/swing trader. Position trading is swing trading the over all greater trend. Only take trades in the direction of positive interest. While swing trading can make use of carefully planned s/l's. Position trading uses NO ...

Day Trading vs. Swing Trading vs. Position Trading

Thanks Next moon phase is july 30th. This might give rise to a retrace of this down move on the 4 hr chart lvl. But doesn't usually last long. Figured since I'm not keeping a journal any more, I'd pop in and make some analysis from time to time. I'd ...

did the Euro/USD posted its top today?

Can you give a link to these statistics? When the retail traders majority start shorting the $ is when the $ trend will change back to long. Weekly and monthly are very bullish. Were in a short term to slightly mid term correction. But can suddenly ...

USD/JPY Discussion

I totaly agree. I have been waiting for that last spike up . Might need a news catalyst to begin the retrace though. Thursday. But by my calculations wednesdays candle should be bearish. There was a zigzag in this top, and wed. is the 5th candle ...

did the Euro/USD posted its top today?

Over All Trend Direction — Hey all, I might start popping in here from time to time. I just in the past 6 months noticed this formation and started trading the forex dragon(gbp/jpy). This formation is known as a triangle/wedge. This signals ...

Daily GBP/JPY analysis

The point where all the red lones come together on the middle green trend line. The indicator puts all that on the chart. It does look buisy at first. I usually use price trender and hand drawn trend lines for entry. heres the current chart. And ...

Harmonic Wave Journal

Check out this one I am testing out. I already use price trender at the bottom. The one on the chart is golden_section v2.2. The name tells nothing of the indicator and its all in another language. Pretty cool looking. It draws a pitch fork with ...

Harmonic Wave Journal