Let’s not be too quick to assume a trend has turned. It is always prudent to let the market tells you FIRMLY that price has turned. Above chart tells you the reason why price stopped. If we take a look at the H4 chart, boxes are
Read more →Hey people! Hope you guys had a great time making money the past few weeks by shorting the NZDJPY (: My article last week highlighted a support level which I cautioned traders on. AND YES! The NZDJPY is now at that support level. Price from last week
Read more →Early bulls that jump to long CAD in the earlier week would be dishearted if they did not wait for retracement. I have already mentioned in my previous posting that it is not wise to long immediately and we should wait for retracement. We are able to
Read more →As an addition to Sela’s USDJPY analysis for week 21, there are some interesting observations about the weekly chart of USDJPY which should be noted. USDJPY Weekly Few facts to take note: 1. USDJPY still in downtrend 2. No reversal pattern 3. Reward to risk is good in
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Looking at the Day charts, we can still see that the overall picture of a downtrend. There is a confluence of resistance on top so we would have to keep that in mind when planning for our trades. However, bulls seem to be finally having their day
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Read more →Let’s remind ourselves of the long term trend of the pair by looking at the Weekly Chart once again. The candle for Week 14 seems to spell bad news for the bulls. Let inspect the lower timeframes for further clues. The D1 chart shows a hint of
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The SingDollar USDSGD found support at 1.27. It faces a ceiling at 1.28. The integrity of this level will determine if USDSGD is doing a double bottom reversal or end up with a channel continuation. Trade thoughts : Above 1.2800 confirms bullish double bottom reversal and signal
Read more →Week 03 EURJPY Review: Reversal Confirmed! And Completed Last week, we were all awaiting the confirmation of the reversal of our beloved EURJPY; only if we saw a particular pattern on the Daily chart. Many congratulations to our Tflow® students who took the trade and entered the
Read more →Week 01 EURJPY Review: Disappointing Start to 2011! 2010 has come and gone in a flash. A quick glance at the monthly chart sees our beloved EURJPY attempt to find support in 2010. After a free fall in 2008 and short revival in 2009, 2010 saw our
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Read more →Only registerd users (ie TerraSeeds TflowÃ��Ã�® graduates) can view this post. Graduates please log in with your UID and password that you use for Forum. Find out how you can be part of our privileged trading community. Email forex@terraseeds.com
Read more →The USD/JPY has moved over 300 pips up last week (Week 45). Can we take it for granted that the trend has reversed? Can we finally take the reversal for real and seek to ride the uptrend? For this particular pair, I would like to investigate the
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