After some nice moves at the end of 2007, the forex markets have moved into a trading range that would have caused trend traders some grief! But for the more nimble traders able to recognize the market changing, trading reversals at support and resistance levels would have brought in some nice profits!
The EURUSD Daily Chart
The [...]

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Here’s a case study for trading the EURUSD End Of Day.
The EURUSD has hit into monthly resistance levels that were outlined much earlier in previous posts.
Would it continue to run, or turn round and head back down?

Trying to pick tops and bottoms is tricky business. Especially in currencies where markets tend to trend far longer [...]

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In the midst of all this testing of forex day-trading, here’s a follow-up on the USDCAD Head and Shoulders chart pattern trade. It’s only one trade, but when you get one like this and manage it accordingly, it’s a big whopper for so little work.

This is the 5th follow-up post on the USDCAD head and [...]

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When your forex day trading system is based on technical analysis, there are basically three elements to learn:

The understanding of your forex day trading system
The actual execution of your forex day trading system
The times when you should NOT execute your forex day trading systems

Forex Day Trading Systems Based on Technical Analysis
When your forex day-trading system [...]

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This is a follow up post on the EURUSD waiting to break out of a “mini-range”. The original post can be found here.
The EURUSD was trading within a range earlier, and we were waiting for a breakout to either side of the range. This is what the chart looked like:

Based on simple chart reading, we [...]

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The EURUSD is making a small consolidation on the daily chart. The previous trend has been a strong and clear upward move, and it’s more likely that the EURUSD will breakout upwards to continue the trend.
EURUSD Daily Chart: 18th October, 2007

Bigger Picture
On the bigger picture, we can see that the EURUSD is nearing the highs [...]

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What are Swing Highs and Swing Lows? How do you define what a Swing High or Swing Low is?

When you are trading with charts, knowing this basic price pattern comes in very useful in identifying when prices have put in a swing high or swing low.

Together with Support and Resistance levels, candlestick patterns and other [...]

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Fibonacci Ratios can be used in the financial markets to find potential support and resistance levels. They can also be used to find potential price targets.
If you’ve ever wanted to learn how to use Fibonacci Ratios in your trading, I’ve put up two pages on how to use the Fibonacci Retracement and Expansion (a.k.a. Extension) [...]

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There are 3 new pages on this site on using charts to trade the forex. It took me about 2 hours to create each page, so I hope there are some things that you can learn from them!

Here are the 3 new pages:

Using Trend Lines
Identify Support and Resistance Levels using Historical Price
Reading and [...]

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This is a follow up post on the USDCHF 1-2-3 chart pattern breakout with ADX determining trend strength. The first two posts can be found below:

USDCHF Trend Strength Part 1
USDCHF Trend Strength Part 2

USDCHF Trend Strength (ADX) and 1-2-3 Pattern Follow Up
When the USDCHF broke through point #2, it simply blew past the FE 100.0 [...]

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