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Daily Chart EURUSD Wedge and Short

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[adrotate banner=”1″]What a week it’s been already! First there was a flight to save haven currencies, then the dollar was sold off. The Aussie’s been under pressure even though gold prices have been rising, the US stock market has been seeing some crazy swings and I am trading it all! Posting my daily trades and […]

Yakezie Challenge: Creating Powerful Friends

[adrotate banner=”1″] New feature! Today I joined the Yakezie Challenge! It is a 6 month challenge where I will commit to posting 2 to 4 times a week and selflessly promote others. My current Alexa ranking is 526, 722 and one of the goals of the challenge is to drop below 200, 000. Thank you […]

Candlestick Charts

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[adrotate banner=”1″] Candlestick charts are widely used in trading because of their ease of use. You can look at the candlestick for a certain time period and immediately discern whether the price closed up or down for that period. A candlestick, or Japanese candlestick, is just a picture of the price. There are 4 components […]

Daily Chart AUSUSD

AUDUSD

[adrotate banner=”1″] Today’s daily chart set up is the opportunity presented on the AUD/USD 15 minute chart. I have a 20 period moving average set up. On this time frame chart, that means that each candlestick represents 15 minutes of data. And the moving average is the average if 20 of those bars.   As […]

The Advantages of Trading Forex

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[adrotate banner=”1″]When it comes to trading in just about any market, Foreign exchange trading has a huge advantage over other types of trading. Firstly, the forex market gives you the advantage of time freedom. In the foreign exchange market one can trade around the clock from Monday through Friday. In the stock market that is […]

Commodity Channel Index CCI

commodity channel index

[adrotate banner=”1″] What is the Commodity Channel Index? Although the Commodity Channel Index, also known as CCI, was developed to be used for futures, it is also used in the stock and foreign exchange markets. Created by Donald Lambert, this indicator helps traders determine reversal points in the commodity markets. Similar to RSI and the […]