We are still holding the 4-hour bearish trend that I had talked about this past week. Still on the lookout for buy opportunities once the 4-hour bearish trend is broke, and confirmed broke on the re-test. It respected the Daily bullish trend below it, it’s only a matter of time before we get the breakout I have been waiting for. Continue reading Market Recap on XAU/USD
Here’s an interesting chart I am following on XAU/USD. You can see that it just had a lot of bullish momentum, that broke the support line that was broke last week. Once it retests again for support, I think it will be safe to say that the bulls have taken back control, and shoot for 1325 area. We will wait for confirmation once 4 hour Bearish trend above is broke. What do you guys think about this chart? Continue reading XAU/USD Analysis
Today I am going to demonstrate how use TrendSpider’s automated trend line detection to find and make a Forex trading decision with relative speed compared to doing the analysis by hand. Hope you find this useful. Leave a comment and let me know what you think! Continue reading How Fast Can You Analyze Charts With Trend Spider
My name is Josh Mondragon, I have been trading for 5 years, and I mainly focus on the Forex market because there tends to be a lot more volatility in those markets. I will be blogging here on the new TrendSpider blog about once a week. I first came across TrendSpider as a customer and I was blown away by it. I was hooked right away. Today, I’m very excited to be able to contribute to the TrendSpider’s blog. My posts will contain a lot of video, and will focus on using TrendSpider, going over interesting charts I come across, and discussing my opinions on general state of the market. This week I will be discussing why I trade trends, and why I use TrendSpider. Continue reading Why Trade Trends, And Why Trade Trend Spider!