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Read more →Breakouts are popular among traders. However they can be so punishing if you get it wrong. Why? For the fact that buy high to sell higher means that you have bought at the worst price if you are wrong. And because false breaks are really common. Well
Read more →The potential morning star on the AUDUSD daily chart points to a bear trap. Although the picture is only complete when the candle closes, a strong bullish momentum is already visible on the 4-hour chart. Before big bears look for a short once more, we need to
Read more →In previous postings, we discussed the elements of a good signal. This week we see such a combination unfold before us in the EURYEN. Lets recall. A good signal has the following: 1. Resistance level provides a ‘hard’ place for price to reverse 2. A chart pattern
Read more →Based on a Weekly Chart, USDJPY is intact on a downward Channel as shown on the chart below. Even in the last year, the USDJPY has a smaller channel and is still on the downward trend. So, it is safer to trend following USDJPY by shorting it
Read more →Continuing our discussion of a reversal using EURJPY, here is another illustration where we can see the recurring patterns. A look at the weekly chart of the Loonie shows that a reversal pattern can be found between October 2008 and March this year. There recurring patterns we
Read more →A good signal usually combines a number of qualities: Price follows the path of least resistance; therefore a roadmap that forms support or resistance is a good reference for a turning point. When the price chart prints a chart pattern, the pattern itself provides plenty of clues.
Read more →TerraSeeds Market Technician at City Index Seminar
Read more →This is another execution by a student. The analysis is flawless but strong market momentum may have stopped this trade out. There was a bearish candlestick pattern in the hourly chart that was apparent in the second attempt on the resistance line. A valid but unfortunate short.
Read more →Posting in terraseedsgooglegroups by Swee Beng. In the 15 min and 60 min charts, Swee Beng has pointed out the excellent setups that were available. It is also an excellent illustration of charts in different timeframes yielding different results to their users. Traders need to bear in
Read more →The fundamental arguments are compelling. The technical picture irresistable. Bulls have their say. Bears polish their claws. One thing the candlesticks tell us: both sides are willing to stay on the sidelines until a clearer picture emerge.
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