The EUR vs USD is facing major uphill resistance at key levels. Currently the market is sitting right below the Weekly Pivot @ 1.28885. This level will be a level of resistance in the short term future in order to see more upside. The R-1 level sits @ 1.29795 which is near the psychological S&R level of 1.30000. This level has been a key S&R level in the past for this pair. The current short term…

Looking at this chart of Constant Contact (CTCT) we can se some encouraging reasons to take a chance on a long trade with CTCT and expose ourselves minimally. You can see where CTCT had a recent gap up in the market which put it over the 100 period SMA and to this point it has stayed above that level. I have entered this market after CTCT gapped up and pulled back to the 100 SMA @ 14.00. With the…

Looking at the EUR vs USD on the Daily time-frame we can see where price has attempted 3 times to break the resistance of the Kumo cloud and has so far to this point failed. What makes me believe that it is ready to break that resistance now? Not much! From the swing high @ 1.37000 to the swing low @ 1.27709 I have drawn the Fibs and the resistance of the Kumo lines up with the 50%…

Looking at the EUR vs CAD using the Ichimoku system we can see that price has bounced off of the bottom of the Kumo Cloud. The bottom of the cloud is resistance at the 1.32380 mark. Also we have Fib levels drawn in and the 50% retracement level is in confluence with the bottom of the cloud giving us even more reason to believe the resistance level will hold. The 100 period MA which is…

On the chart above you can see the Ascending Triangle pattern and also the point where the triangle was broken. Price moved higher and now has retraced back almost to the triangle support level.…

Looking at the EUR vs USD from a purely technical perspective we can see that price has created an ascending triangle with price making higher lows against the trend line and making same level highs at the red resistance line @ 1.31353. This formation is usually a bullish…

Looking at the chart above of the NZD vs USD on the daily time frame all we want to do is determine the sentiment of the market and trade in that direction. So if the market is bullish we'll go long and if the market is bearish we'll go short. How do we determine the sentiment you ask? Well if…

Traders just wanted to take a moment to help new traders understand the patience that a trade may take based off of your goals and trading style or system. My style is swing trading which requires trades to last at least overnight. In this case my trade has been 2 days and about 56…

Traders it's been a while but hopefully I can remain active in posting to my blog. I am looking at the AUD vs USD on a daily chart above. Based off of the Ichimoku signals this is a bullish market and we can see that just basically by looking at the trend. No indicators needed to see that! It's been…

I wont say much since I have already posted the start of this trade a few post back. So far the trade has moved 160 pips in my favor. Very close to being over extended as the 1 to 1 ratio is @ 80.880

The chart above is the daily and the chart below is the 4 hour time frame. Enjoy and…