On USDCHF 1 hour chart price action is hitting major support for this pair. It appears that Elliot wave 2-3 wave will be completed very soon & 3-4 Elliot wave back up will be going on for next couple of weeks. This is of course is the 1 day long term price action view on USDCHF, if trading short term options, need to make adjustments to that particular...
Things to be aware of when trading- big picture 4 hour chart to short picture 1 minute chart. On GBPUSD 240 hr, price action is currently making an Elliot ABC correction wave. My opinion, its currently on B-C part of wave up now. Price action did break out of major flag chart pattern downward, currently it is making a retraction up. What to look for on...
Besides price action on charts, trend lines should be a close second in priorities to put on charts. On both noted USDJPY 15 minute chart attached note trend lines on chart in pink lines & RSI brown lines. This is how to simplify trading, instead of making it complex. Trading, if done right should not be difficult & low stress. Keep in mind that trends need to...
Per Fib. retracement on USDJPY weekly chart, this pair will be in a downtrend for remainder of 2016. Still need to go to daily, hourly and smaller time frames to see what is happening today or this hour, especially if you are trading this pair.
These candlestick's on 1 hour or above chart's give you a lot of information, when trading binary options. When looking at a weekly chart break it down into major trends, Elliott impulse waves (1-5) & correction waves (ABC). Look at higher time frame charts ( 1 month) to get an even bigger picture view on where price is and has been related to where it is right...
When trading binary options, always remember the whole picture (1 hour time frame charts), not just the small piece that you are currently trading, especially when trading short term. Short term trading in my view are under 15 minutes in length of time. The higher time frame chart's will show you direction of current trading, which helps. *How to set...
When trading binary options- why are you trading? for fun, hobby, part time for a supplemental income or because you want to be a full time professional binary options trader. It doesn't matter if you have a couple hundred dollars or several thousands in your binary option's trading account to trade with, money management is your main priority. *new...
Per hourly chart & 1-5 Elliot impulse waves the down trend ended on 3/24/16 (Friday), then started new uptrend. It appears per hourly chart that the 0-1 wave has been completed and the correction downward 1-2 wave which will be either an ABC correction and/or 1-5 Elliot impulse wave is still going on now. Early this coming week 1-2 wave will be completed &...
When I break down a pair before I start trading, where to begin? I start with checking out the weekly, daily and 1 hour charts related to finding out what price action direction is doing on doing time frames. Are the weekly, daily or hourly charts showing a call or put price action trend. Remember trend is your friend in trading, it is a lot easier to trade with...
Keeping Trading Simple Is The Best Way!! Just because you can add several indicators on charts, doesn't mean that they will help you when you are trading. If you are doing trading to make money & profit, then PRICE ACTION & understanding candlesticks (what they are telling you about the market) will show you the way- when trading. I check out checks from 1...