The Cable Lags Behind the EUR/USD
- Raghee
A look at this week’s Market Pulse
- Raghee
Do you know how to differentiate between a correction and a reversal?
Here’s a quick walk through on how to do exactly that…in the forex, futures, or stocks!
- Raghee
I’ve been *phoning in* the latter part of the year…and why you maybe should too.
By the end of each year, I’m cooked. With my book writing, blogging, chatting, seminars, and then add to that my first priority of trading my own account…I almost often look catatonic looking at my charts as December rolls around.
This year is no different. I love trading the markets…but it’s always nice to walk away and miss it a little.
I am finishing my third book and working on the CD ROM that will accompany it. I am putting A LOT of video lessons on the CD ROM and am very excited for what it will add to the book. I am also putting a special chapter called Raghee’s Chartbook where I share some of my actual trading charts, set ups, and notes.
So in the meanwhile, I want to make sure I don’t neglect this blog going into ‘09.
- Raghee
Bracketing Your Momo Entries
- Raghee
An “OTLTA” in the USD/CAD
Both the three and four hour charts on the USD/CAD are heading lower as the Wave travels downward at four to six o’clock.I’m using a slightly different chart than I have in the past for this post…I have all the studies (”on/off” indicators) visible as well as some lines and levels. But remember, only consider the trendlines in a swing set up for profit targets and potential stop loss placement.
The push lower is leading us right to the daily chart support at the top line of the Wave. The three and four hours chart (above) are still perfectly valid swing shorts as we approach the daily chart swing buy.
The daily buy point is currently the 1850 level and I would even consider the 1900 level as a more aggressive buy.
So there the “OTLTA” (One Thing Leads to Another) set up on the canada.
Don’t for get the crude oil factor!
We’re at a point where the next leg of crude oil is setting up with an intraday momentum play.
- Raghee
Lazy Days Lines (part three of three)
- Raghee
Lazy Days Lines Intro (part two of three)
- Raghee
Lazy Days Lines Introduction (part one of three)
- Raghee