As you can see from this daily and weekly audcad chart I noted two things. The weekly chart is bullish where the previous swing high has been taken out. The daily chart has  support at the 0.98000 to 0.98600 levels. Price printed two days ago a candle with a very nice lower wick showing that…

Dear Traders, If you took this bullish trade then lets look at the charts now one day later. Whenever you trade a fib retracement then you just concentrate on the entry but do not wait for confirmation of price. If you are right then you enter on a good price but without confirmation of your…

Dear Traders, Price is retracing on crude where the area of 35.50 to 37.50 is now acting as resistance. If the area holds and price prints a bearish engulfing candle or if we get a 5/8 moving average cross down then we would be trading with the path of least resistance. As long as we…

Dear Traders, Today I am sharing a trade on the usdmxn on the daily chart. I went long on this pair when I arrived home and would like to share with you the reason why I took the trade. You see the big distance of price in regards of the 200 day blue moving average.…

Some times the market displays price with certain patterns. On this daily eurjpy chart we are able to see consistent lower lows and lower highs. I expect price to retrace up to the upper bollinger band and then it might reverse and continue in its original direction. Remember that the bands contain price 90% of…

Dear Traders, Hoping all are well let me share with you my view about the AUDJPY pair. The chart I use is the daily. Why is the daily chart especially important? Well we are able to see how price behaved in the three markets (asia, uk and us) in one whole day. This gives us…

Dear All, If you followed the trade recommendation for the USDSGD trade on the daily chart that I would like to recommend to also put your stop at break even on this pair to take away the risk on this trade. Note also that you should always know if you are trading in direction of…

Dear All, Today I thought to make a follow up of some trade recommendations that were mentioned yesterday and some days before. Please keep in mind that most traders asked me to use the daily charts for explanations so that they can follow the markets more at ease. Remember also that if you manage to…

Dear all, Price has been moving below the cloud therefore any bullish trades / biases have been invalidated. Now we should only be thinking to short from below the cloud. The indicators seen on the chart Macd´s and a slow stochastic are also pointing down. I am a trader that tries to take losses as…

Dear all, This gbpaud dollar chart shows a live trade. It has the purpose to show where a trader might put his stop loss and why the trade was taken. We would be always better of to trade in direction of the trend and a trend may be trending for quite some time. Please consider…

Dear Traders, I chose this chart today to ilustrade how it can be useful to follow price with some simple lines. This has to do with the fact that I believe that trading should be as simple as possible to avoid analysis paralysis. Sometimes we might complicate things and would be better of to let…

This usdtry daily chart has the purpose to show you that price is at daily resistance. It is already moving sideways for six days now. The stochs seems to be wanting to come down. If price moves below the cloud or prints a double top or a bearish 123 pattern then I might be inclined…

Dear all, Hoping that everyone is alright let me give you the following feedback. Most traders concentrate on the entries the most when trying to understand the market. It is nevertheless proven that traders have when being trend followers the problem of  letting profits run. Therefore I thought I show a live trade on this…

On this eurusd daily chart you might note that price today broke out of our triangle. Price tested the cloud but printed during the day a bullish candle. This means that the cloud acted as support which held and attracted more buyers. MACD crossed the zero line upwards which would be another bullish signal. If…

Price on the audnzd printed a nice bullish impulsive candle today. This might be where the smart money is positioned therefore I take a bullish stance for this pair. The bottom provided as with a double bottom or a 123 pattern right from support. The target would be the upper blue line or should it…

The yen has been gaining strenght lately against most counter pairs. We are nearing two levels of support as can be seen with the two blue areas. I am of the opinion that price feels attracted to these areas where it is most likely to reverse because that is where buyers tend to come into…