The Perfect 5 Minute Pin Bar Setup

Here is a perfect example of how you can trade the 5 minute charts. These types of setups do not occur that frequently, but if you can force yourself to wait for them, there is a very high probability of success. For more on this method of trading you can read my thread on Forex Factory or check out the currency trading video section.

EUR/USD Multiple Time Frame Forex Technical Analysis

Today I had a great trade that is the perfect example of how multiple time frames can be used to make trading decisions. Bellow I have posted a one hour chart of the Eur/Usd and a fifteen minute chart. The one hour chart shows a rejection pin-bar candle and the fifteen minute chart show a head and shoulder formation. Even if you were not looking at the one hour chart and did not see the big rejection candle a simple entry at the level of the shoulder is a good place to enter into a trade. If you are like me and keep track of several time frames when u have a large pin-bar and head and shoulders at the same time, that is what I call a "high probability trade".

FX Trading with Support and Resistance Price Pivots

This is a post about all you aspiring day traders. I usually like to stick to the daily time frames for trading signal, but I also sometimes take trades on the lower time-frames just based on support and resistance zones. In my experience a strong zone is a price level that has been hit at least twice and held on both occasion. In the chart bellow I have marked two such areas that are very obvious. In this example I used 30 minute chart of the CL(Crude Oil Futures) contract. I also marked the entry and exit points of two trades I made to illustrate the buy and sell zones. This type of trading can be used as a forex strategy or on any other futures or equity market.

Gold Techncal Analysis, Bullish Rejection Candlestick!

The weekly and daily charts are showing very solid support @ the $1550.00 price pivot zone. Yesterday a very nice bullish pin bar closed on the daily charts and it looks like Gold may be setting up a bull run. A good profit taking zone would be the $1600.00 level at it is a round number and a resistance point on the chart. Enjoy the video!

Gold Technical Analalysis, Weekly Bullish PinBar Reversal!

Gold has been in a precipitous drop for the last 2 weeks. There is a very strong support/resistance zone @ $1550 that is currently holding. The weekly candle bar has closed as a PinBar rejection which is indicating a possible bullish move setting up for this week. It looks like there is a possibility of the $1620 resistance zone being tested this week, also a "head and shoulders" formation on the four hour charts that is confirming an upward bias for this trading week. I have provided the four hour and weekly technical charts bellow. Enjoy!

AUD/USD Technical Analysis Overview. Trend Reversal Imminent?

I took quick glance at the charts for the AUD/USD today and the daily candlestick from yesterday stood out for me. There is a bullish engulfing bar formation with a very nice rejection wick. On the four hour charts a more obvious head and shoulders formation in showing that a trend reversal may be under way. Enjoy the video!

AUD/JPY Weekly Technical Analysis, Trend Continuation for the AUD/JPY?

Here is my review on the AUD/JPY Forex pair for the coming trading week. The weekly charts are showing a pin-bar rejection candle that is sitting squarely on a very solid support/resistance price pivot zone. The four hour charts are showing a nice "head and shoulders" formation and it looks like the right shoulder is forming right now. I have outlined in the video some good entry and take profit zones.