Articles
Forex Price Action Trading Methods and Strategies
Here?s a great video that deals with Forex methods and Strategies. Specifically Price action:
Why Gold is About To Power Higher to Complete a Big Rally
The gold bull has been moving in very reliable Elliott Wave and Fibonacci patterns for many years now, but once in awhile? the waters get a little murky for sure.? Recently we have seen a fair amount of volatility near year end as position squaring and year end machinations take hold.? With that said, it does appear that Gold should be poised to power higher near term, and I?m looking for a completion to a 5 wave rally that began from about $1,040 per ounce in February of this year
Gann Fan in Forex
Take a look at this great video that will show you:
How to install and adjust a Gann Fan.
Gold Is In Hot Water
Life has a funny way of reminding a person that he is not really in control of what is going on around him. While he may be proficient in a few specific areas, his overall knowledge is limited. Last night my hot water heater decided to go on vacation and I thought I’d try to be a real man and fix it. I have a general knowledge of how a hot water heater works, but it dawned on me that knowing how it works and fixing it are two totally separate things.
I immediately realized that I was in over my head and made arrangements to have a repair man come and fix my hot water heater. He arrived first thing this morning and I asked if I could watch not only out of curiosity, but to understand how my hot water heater worked and to learn about the man that was fixing it. He was gracious and took the time to explain my issue thoroughly and as I am writing this he is replacing my heating elements.
The Inverse Dollar Relationship, SPX and Fear
So far this week we have been seeing fear creep in the equities market. This Wednesday we started to see fear (green indicator) reach a level which tells me to start looking for the market to bottoming. I do follow a few other charts and indicators which warn me of a possible trend reversal (high probability setup) before it takes place but the US Dollar and selling volume are key.
As we all know, when the market is trying to top and roll over it tends to be more of a process than a couple day event. It?s this lengthy topping process which has a lot of choppy price action which sucks traders into a position much to early or shakes you out of the position before the market does what you anticipated.
