Monday, May 6, 2013
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.
Posted by Razor at 6:14 AM
Wednesday, February 13, 2013
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".
Posted by Razor at 8:40 AM
Monday, January 28, 2013
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.
Posted by Razor at 7:35 AM
Thursday, May 31, 2012
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!
Posted by Razor at 6:41 AM
Tuesday, May 22, 2012
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!
Posted by Razor at 7:49 AM
Wednesday, April 18, 2012
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!
Posted by Razor at 7:58 AM
Sunday, April 15, 2012
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.
Posted by Razor at 4:53 PM