ForexBees

Some of the good trades I entered this week

subbu — Sat, 06 Mar 2010 04:51:59 +0000

The following is the hourly chart of EURNZD. If you check the graph you can see a head and shoulders format and the neck line was broken with a strong candlestick at around 3AM EST yesterday. Once the neck line was broken I entered the trade immediately. The difference between the top of the head [...]

Forex Falling or Descending Wedge Pattern

subbu — Mon, 01 Mar 2010 03:31:58 +0000

Forex Falling Wedge Chart Pattern: Forex falling wedge chart pattern is a bullish pattern. This is similar to the rising wedge but it occurs in a down trend. Like the rising wedge falling wedge pattern also consists of two trend lines joining the low and high points which converge. Check the following picture. In the following picture [...]

Forex rising or ascending wedge pattern

subbu — Sun, 28 Feb 2010 21:04:54 +0000

Forex Rising or Ascending Wedge Chart Pattern: Forex rising wedge chart pattern is generally a bearish pattern. This pattern consists of two trend lines joining the low and high points but they converge. They are not parallel to each other or away from each other but converge together so that if you extend them they meet [...]

Forex Reverse Head and Shoulders Pattern

subbu — Sun, 28 Feb 2010 05:11:06 +0000

Forex Reverse Head and Shoulders Pattern: Forex reverse head and shoulders pattern is similar to the normal head and shoulders pattern but it forms in a down trend and in the format. This is a bullish pattern. This indicates a reversal after an down trend. In the following picture a head and shoulders pattern is shown. The [...]

Forex head and shoulders pattern

subbu — Sun, 28 Feb 2010 01:03:12 +0000

Forex Head and Shoulders Pattern: Forex head and shoulders is a technical pattern that resembles the two shoulders and the head of a humanbeing. This is a bearish pattern. This indicates a reversal after an upward trend. This is a more common pattern in long term trends. The head and shoulder pattern consists of three peaks [...]

Forex Double Bottoms

subbu — Sat, 27 Feb 2010 18:20:10 +0000

Forex Double Bottom: Forex double bottom is a bullish pattern. It indicates a reversal after a downward trend. It is very easy to identify. 1) First there will be sharp downtrend. 2) Now the price rises agin creating the first low point 3) Now the price falls again to the first low point creating a first high point. 4) Now [...]

Forex Double Tops

subbu — Sat, 27 Feb 2010 18:07:23 +0000

Forex Double Tops: Forex double tops is a bearish pattern. It indicates a reversal after a strong upward trend. It is very easy to identify. 1) First there will be sharp uptrend. 2) Now the price falls creating the a first high point 3) Now the price raises again to the first high point creating a first low point. 4) [...]

Some of the profitable trades I had this week

subbu — Sat, 27 Feb 2010 09:37:22 +0000

AUDNZD ascending wedge: The following is the four hour chart of AUDNZD. It was in an ascending wedge for some tome and it was broken two days back. I was watching both four hour chart and hourly chart and when it was broken in hourly chart, it retraced back to the trend line. When it retraced [...]

Forex Descending Triangles

subbu — Wed, 24 Feb 2010 08:44:45 +0000

Forex Descending Triangles: A descending triangle is a bearish pattern used in technical analysis and can be easily recognized. To say a pattern as a descending triangle it should have flat lows and lower highs. That means it should have a horizontal support line at the bottom and a descending trend line at the top. Descending [...]

Forex Ascending Triangles

subbu — Mon, 22 Feb 2010 03:00:55 +0000

Forex Ascending Triangles: An ascending triangle is a bullish pattern used in technical analysis and can be easily recognized. This is usually a pause during a longer trend. To say pattern as an ascending triangle it must have flat highs & higher lows. That means it should have a horizontal resistance line at the top and [...]

Links for 2009-12-24 [Digg]

Fri, 25 Dec 2009 00:00:00 PST

AUDUSD possible trade opportunity in a few days
In the audusd currency pair has broken the trend line support a few days back but now the stochastics and cci have reached the overbought region. So...