Fading Double Zeros
Last week, we were discussing the best times to use double zeros. I argued: Not when price is making recent new highs and new lows, but rather, when price has been ‘sloshing around' the zeros
Month: June 2009
A Correction Arrives (Finally)
The S&P 500 has fallen approximately 46 pts from its highs, keeping risk traders at bay and pairs such as GBP/USD, EUR/USD and AUD/USD remain consolidated, with downside support levels under constant pressure. Throughout this
Quasimodo (Over and Under Pattern)
Another pattern we heavily monitor, serving as an intraday price turning point. These can be very reliable if used properly and can be seen on everything from daily down to 1 min charts. The easiest
"AAA" – The Missing Link
Remember that demo account you had, where you doubled the balance in a matter of weeks? After all, it’s the reason you took your paycheck money and put it in FX to begin with. What
Spike Base Pattern
Following a spike, price will consolidate towards the highs. These work best when visible on larger timeframes, allowing more exposure to the rest of the world. When price retreats back down (or up), the bottom
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CHF Intervention and Short Term USD