Recent content by spxpro

Audusd Good call there on the audusd ,, a close above 7266 should confirm the primary trend break ,, tempting to enter on the break better to wait for the retest-retracement ,that way you can stay in the trade longer. Looks like a 123 retracement on the weekly too, after the long single...

Usdchf New Trend Break Today Here is a great trade from today ,,, see the chart New primary trend break down using the minor trend to enter and clear support . PLEASE REMEMBER THE LINES ON THE CHART ARE NOT ZIGZAG SO DO NOT ATTEMPT THE SAME USING ZIGZAG,, I USE A UNIQUE METHOD HERE WHICH...

Coming next Coming Next How To Take A Safe Entry Into The Reversal

Trend Reversals Lets take a look at trend reversals. PRIMARY UPTREND REVERSAL TO PRIMARY DOWNTREND A primary uptrend is reversed when a new primary downtrend forms and this new primary downtrend breaks the last higher low from the prior primary uptrend and closes below... see chart 1...

Trend Reversal Point At this point i think it would be a good idea to discuss the difference between a trend reversal and a new trend break.... A new trend break is simply as the words "a new trend" imply ,,,, a new trend and it does not mean that the prior trend has been reversed ,,,, simply...

New Trend Break 123 Here is another example of a new trend break ,, as you can see the primary trend was confirmed on the break and close below of the first low ,making a high ,low ,lower high and a lower low ,then using the minor retracement we are able to enter short into the primary trend.

More Set Ups Later ,,, i will show you how to trade TREND REVERSALS AND TREND CONTINUATIONS AND THE LAST TYPE OF TRADE IS A TREND REVERSAL/ NEW TREND BREAK HAPPENING SIMULTANEOUSLY

The Trade Set -ups NEW TREND BREAK OR 123 With this type of trade i would start from a new primary high , here i am looking for a new primary trend from a high then a low ,lower high and a lower low ,,, then using the minor retracement to enter the trade.... As u can see in the picture the...

Trading Method Just to recap , THE PRICE ACTION ON EVERYTIME FRAME CAN BE DEFINED BY A PRIMARY SWING OR TREND ON EVERYTIME FRAME WE CAN SEE THE PRIMARY AND THE MINOR THERE IS A CHANGING RELATIONSHIP BETWEEN TIMEFRAMES AND THE PRIMARY SWING OR TREND 15 MIN PRIMARY= 60 MINOR 60 MIN PRIMARY...

Minor Trend Lets take a look at the minor trend , remember every timeframe shows a primary trend so in the example i have shown we can see the primary in RED now take a look at the WHITE and you will see the minor trend , again the minor trend here is simply the primary on a timeframe lower...

Primary Trend PRIMARY TREND Our first chart will look at the primary trend , i will be looking for new low , a new high and then a break of the prior new high with a close above the prior high But first a little about primary trends, all timeframes contain a primary trend , when you look...

Hi all , i have not posted much on this forum, i find myself getting bored while waiting for setups so i thought i would start this thread about trend trading , the charts i will be posting will not contain the indicators i use . I hope that the info will give some knowldege to those who may be...

Stocks , forex , indices, gold,silver you name can be followed and traded successfully if we follow and do not forecast using nonsense such as fundamentals. I do not doubt that fundamentals drive the market and those that have the power to influence the price use fundamentals as their base...

Hi Ancoll, Trading for a better lifestyle is possible, the problem is finding the information to help you do this , most of what is written in books and on the net is a load of nonsense so that means that you have to figure things out for yourself by spending thousands of hours at the screen...

If you are serious about trading forex then you should not be concerned about what drives the markets ,accept that all markets are driven and trade accordingly, learn to follow rather than forecast and you will find yourself on the right path. spxpro