TrendSpider is an incredibly flexible tool that can be used on any timeframe chart to identify key price levels, trendlines, indicators, support & resistance zones, chart breakouts & breakdowns, and more, automatically. But how do you put it to work for you? What’s the best way to work it as a user? We recommend you approach it as a process. Continue reading Best Practices: Our Recommended TrendSpider Workflow for Traders to Scan for Trade Opportunities
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
One of our ads has a headline that basically says: “Humans suck at drawing trend lines.” And this ad in particular has caused a bit of a stir on social media, so we thought that it would make sense to provide some more elaboration on what we mean. Here it is:
Humans Suck At Drawing Trend Lines.
Yup. We meant what we said in the ad. In this post we want to explain why.
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