Hi everybody, hope you’re fine. Mondays are not my favorite trading day, worse if we have no news, that could put some more action to market. Majors (except by GBP) are moving in quite small ranges since the Asian session opening, and seems there will be no much acceleration in the next hours.
The Eur/Usd, looks […]

A chart is worth a 1000 words…these are Dow reversals off 52 week high.  I’m not one to pick tops (or bottoms) but if you are going to do it…this is the "right" way to pick tops and set up shorts off a trending market.

- Raghee

I read about Dow Theory years ago and with all the new highs and lows setting in across the markets I trade, I seem to be thinking about quite often these days.
There are six major principles of Dow Theory and my own trading has been inspired and guided by four of the rules.
ONE:  The market […]

The market negative sentiment weighed quickly yesterday, after the release of bad data in the U.S. making Thursday a quite slow day, with majors fighting back after reaching the key zones mentioned here.
We have for the American Session, the Durable Orders report at 8:30 east time, and the New Home Sales at 10:00 both expected […]

The Usd/Jpy is not saying much at the moment, as the pair remains moving sideways in a thigh range, although the daily bullish trend continues clear. The pair has toped twice at 107.97, so above that point the pair could gain some upside momentum to the zone around 108.20 and finally 108.59 this year???s maximum. […]

The pair is falling quickly after the publication of the biggest drop in monthly Retail Sales since 1986. Rebounding right now the key level mentioned yesterday (in the support and resistance post) around 1.9830/40, also coincident with a daily ascendant trend line, only a confirmation under 1.9825 could trigger a downside continuation, first to 1.9792 […]

The Eur/Usd continues rallying down after the publication of a really poor IFO confidence survey in Germany, and a worse than expected Current Account for the Eurozone, showing that the region is suffering the global slowdown. Quoting around 1.5655, under actual minimum the pair could easily continue to the zone around 1.5610, and then a […]

Hi everybody, welcome to a new day in forex market. Dollar continued recovering yesterday, as market players regain some faith in the American currency: while gold and oil are losing ground, and the U.S. authorities are suggesting a more sooner than later rate hike, majors are finally giving up some ground, yet we can not […]

The U.S. Dollar has been bouncing as of late.  And let’s for the sake of clarity discuss briefly the difference between a bounce and a rally.  It’s all in the direction of the Wave.
If the Wave is three o’clock or sideways, then a move higher within that context is simply a bounce.
If the Wave is […]

I have been using this neat little web app for a few weeks now and I think I trust it enough to start doing some constructive posting using it.  You can check it out at http://www.twitter.com/ragheehorner
I’ll be posting quick trading ideas, thoughts, and set ups from time to time…however the Twitter application allows only very […]