I thought I will write a quick follow up of the USDJPY development. Well, in the bigger picture, price is still trading within the channel as shown in my previous post Here and Here. However, there are some developments in Hourly time frame which I can use to show how I approach the levels. This […]
Here are the harmonic patterns that I trade and some guidelines I use in my trading.
Very often, on twitter or forums, I see people posting some simple trading setups, and give them some odd names, then call it their inventions. Laughable indeed. Anyway, kudos to them for providing some amusements. One of the most commonly seen setup is Immediate retest of broken support/resistance level. Well, regardless of the names given […]
I am not the inventor of this strategy. It is widely available on the internet, and I have no idea who was the originator. I have found it to be effective when using simple support/resistance methodology to manage trades. The Simple Exit Strategy This is an exit strategy using a 5-min chart, however, it […]
Found this clip on Youtube. Linda Raschke�discusses her pre-market preparations, technical and fundamental analysis, and important steps traders should take to prepare for each trading day.