Market Recap on XAU/USD

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

XAU/USD Analysis

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

How Fast Can You Analyze Charts With Trend Spider

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

Why Trade Trends, And Why Trade 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!