Learn Forex – Pairing Strength with Weakness when Trading Forex
Learn Forex (FXpath.com) – The forex market is unique in many ways, not least of which is the fact that all currencies are traded in pairs. Perhaps more than any other aspect of forex trading, this pairing attribute differentiates this financial market dramatically from any other major financial trading market. What is one of the primary [...]
Forex Trading Technical Analysis (2010/07/26) EUR/USD Reaches for Resistance
(Please click on the forex chart thumbnail to enlarge) 7/26/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a 4-hour chart of which is shown) as of Monday (7/26/2010) has ascended to reach for key resistance around 1.3026, which represents the top of a shooting star candle that established the 2-month high for the pair just [...]
Learn Forex – Michael Covel on Two Types of Technical Analysis
Learn Forex (FXpath.com) – Following is a portion of an extended quote provided by Michael Covel, author of Trend Following and The Complete Turtle Trader, in which he talks about two different types of technical analysis: “Technical traders believe that a careful analysis of daily price action is an effective means of trading for profit. [...]
Spot Gold Technical Analysis (2010/07/23) Gold Hovers At Critical Support
(Please click on the spot gold chart thumbnail to enlarge) 7/23/2010 Spot Gold Technical Analysis (FXpath.com) – Gold price action (a daily chart of which is shown) as of Friday (7/23/2010), continues to hover just above a long-term uptrend support line that extends at least all the way back to the October 2008 low. This [...]
Spot Gold Technical Analysis (2010/07/20) Gold Touches Long-Term Uptrend Line
(Please click on the spot gold chart thumbnail to enlarge) 7/20/2010 Spot Gold Technical Analysis (FXpath.com) – Gold (a daily chart of which is shown) as of Tuesday (7/20/2010), has just pulled back, touched, and bounced up off a long-term uptrend support line extending at least all the way back to the October 2008 low. [...]
Learn Forex – Trading Trends in the Forex Market
Learn Forex (FXpath.com) – One of the highest probability approaches for taking advantage of the frequently occurring trends in the forex market on any timeframe will be described briefly here. When there is a clear trend, especially one that is relatively strong, one of the best methods for exploiting the prevailing directional bias is to trade breakouts of both consolidations [...]
Learn Forex – The “Turtles” Trading Approach
Learn Forex (FXpath.com) – To provide a quick overview of the famed, but simple, “Turtles” trend-following approach to trading, below is a brief introduction and strategy description for those that may not be familiar with it. Trend-following methodologies, including variations of the Turtles strategies, are still widely used in all the major financial markets. And [...]
Learn Forex – Multiple Timeframe Forex Trading
Learn Forex (FXpath.com) – One of the most logical, straightforward, and effective approaches to trading forex using technical analysis focuses on multiple chart timeframes. For example, a trader might begin by looking at a longer-term chart like the daily chart to determine the overall direction of the trend, if any. If a decisive long-term trend [...]
