The Power of Technical Trading

I have this believe that News Trading was designed for 1-5mins day trading scalpers. Because it does not seem to have a place in the long term analysis of market movement. The GBPUSD chart we're looking at is a good illustration of the power of technical trading. CNBC or Bloomberg's analysis of the British or US economy will not change my current position except i see a technical breakdown.

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GOLD Is Set To Rally

OIL TRADE

Having now completed my expected pattern, I think the time is right to start scanning for a possible shift to the upside

Where is the EUR$ heading?

The EUR$ trend is just about being defined. It would be alot more easier to upload an update for EUR$ chart after NFP. But considering price proximity to the defining trend line, i thought it just might be okay to drop this update today. This is a typical trend line retest and should be an easy trade... wait for a confirmation of bullish momentum if trend line is taken to the upside, otherwise look to take a short signal on re-test. Happy Trading!

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