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Category Archives: Forex Trading

Forex Confluence Trading Example – AUDUSD Setup

Forex Confluence Trading Example – AUDUSD Setup

Forex Confluence Trading Example - AUDUSD Setup This post will run over the AUD/USD price action from today (31/7/2012) with a particular focus on a high probability trade setup that presented itself.   We have published numerous analysis posts on the merits of confluence when trading the forex market and this was an excellent example.  ManyContinue Reading

INO.com – Market Club Review

INO.com – Market Club Review

INO.com Market Club Review Are you interested in premium web based technical charts, trading education with online seminars from industry experts, research into futures, gold and other metals, FX, ETFs, trading signal technical alerts, data from more than 230,000 symbols and advanced portfolio analysis?  If the answer is yes you may want to read this post. It’s hard toContinue Reading

EUR/USD Support/Resistance Pivot 18/10/11

EUR/USD Support/Resistance Pivot 18/10/11

EUR/USD Pivot There is a clearly defined price structure pivot level on the EUR/USD pair around 1.3685.  Price has already hit the level and bounced approx 30 pips as I type this post.  Price action confirmation here could be of interest for intra-day traders.  Average range over 60 days is 183 pips.  Yesterday printed 188Continue Reading

Currency Strength Charts 25/9/11

Currency Strength Charts 25/9/11

Japanese Yen Still Strongest Currency On The Daily Thru Weekly Timeframes The currency correlation relative strength charts provide an insight into how the Japanese Yen is still outperforming all of the majors on the daily and weekly timeframes with only the greenback edging ahead on the 4 hour.  The euro is no longer the weakestContinue Reading

Pivot Point Calculator

Forex Pivot Point Calculator I’ve been making use of floor trader pivot points in my trading analysis for a long time now.  I tend to predominantly use them on an intra-day basis, as additional confluence, when trading off support and resistance areas. Pivot points were originally utilised by floor traders as an effective, but basic,Continue Reading

Fibonacci Target Hit NZDUSD Update-9/8/11

Fibonacci Target Hit NZDUSD Update-9/8/11

New Zealand Dollar Fibonacci Confluence Target Hit   This weekends New Zealand dollar/US dollar analysis identified a Fibonacci confluence area – as per the following excerpt: If reached, the Fibonacci confluence zone around 0.7920 to 0.7970 could see demand for the NZD/USD pair. This could provide  an interesting area to look for price action confirmationContinue Reading

Double Top Price Projection Target Hit 8/8/11 Update

Double Top Price Projection Target Hit 8/8/11 Update

Double top price pattern target hit The intra-day double top I posted earlier today, and tweeted in real time before the trade triggered, has run to the projected price target area.  This was easy to identify as a high probability setup due to the confluence with higher timeframe resistance. There was minimal drawdown and aContinue Reading