Those familiar with my work may know my predilection for classical yet less kown indicators and techniques.

The below chart is an example of a breadth indicator normally used for stocks: the Bullish Percentage Index. At FXstreet.com we build the same indicator for the Forex market based on a proprietary formula. The below EUR-BPI measures the percentage of euro-based pairs which are printing a bullish signal on Point and Figure charts. A rising line means that more euro-based pairs…

*I've been gone for 5 weeks on vacation but am now back writing from command central so expect articles daily from Sun-Thur from here on out along with bonus articles on Friday.

AUDUSD

Since the 20th of June, the Aussie has been in an upward sloping channel which has been rather orderly making a touch on the top and then venturing to the bottom....until recently. Lately, it has been hanging around the upper band of this…

Being fixed income the focal point of intermarket analysis, we start evaluating the10Y T-Note yield. The downward-sloping channel is giving way to a new upward structure pointing thus to higher bond prices.…

Asia was able to pull most pairings back off their recent support/resistance levels quite substantially, along with escalating the Yens after Japan intervened with their currency.  This put London in a tough spot, what do do from here.  In this video I explain how we built a trade plan to short the Eur/Usd in an attempt to continue the Asian momentum, along with the overall plan for the next few intraday swings on this pairing.  This is by no means the only trade that was available, the yens…

After a very strong USD day yesterday, we found ourselves pretty much in position as the European open began for a continuation attempt as Asia had faded us back up near resistance.  Sometimes, however, an area we plan as a resistance/entry zone is cut short only to try and leave the gate early along with empty handed traders needing a tissue. In this video I display in detail the clues that I personally saw to cause me to take an entry roughly 20 pips prior to the zone I had originally…

After a fantastic New York trading session yesterday, the time between that and today's London open was mainly spent grinding back to test role reversal/Fibonacci pullback zones across the board. In class today we covered eur/usd, gbp/usd, aud/usd, and nzd/usd on pretty much identical setups, all of which ultimately produced pips.  However, even though we nailed every plan on these pairs, it became increasingly difficult to leave well enough alone throughout the entire London session, and…