Recent content by Forex Mind Games

channel and elliott For this post, i am going to ask you to guess the timeframe for these 2 charts. The time and price has been removed from the charts. This post is to show the fractal geometric nature of the markets. Chart patterns that repeat itself on all time frames, from the largest to...

Eurusd price action preview EURUSD is currently resisted by another super long term trendline on the daily. Point 3 of the falling channel was touched last week. Will EURUSD break above this down trendline? To answer that, lets take a closer look. Lets see the price action on the 4hr chart...

Hidden in plain sight We have eyes yet we do not see. When our eyes are opened, we saw what was always right there in front of us. It is "hidden in plain sight." I have talking about 88.6% for the whole of this week. Once i know the "what", it becomes that much easier to find the "where."...

Fibo time I have been turning my attention to FIBO recently. So i went searching for all things FIBO related to trading. Here is a short summary of FIBO summation series. Start with 1, then add the previous number together to form the next number. Continue to combine the previous number with...

88.6% fibo I have been posting recently on the 88.6% fibonacci retracement level. It is a less common number than the widely used retracement levels of 38.2%, 50.0% and 61.8%. Nonetheless, this 88.6% holds a better risk/reward ratio. For GBPUSD, last friday's downward move retraces near to the...

Short USDCAD 1.0050-70 It is approaching 1.0050-70, which is a significant pivotal support-turn-resistance zone. From the 4hr chart, it is clearly visible that USDCAD turns at this critical S/R zone. Watch for it to re-test 1.0050-70. Go short if it fails to breaks above this zone. Short...

I keep a journal of all my trades taken for the past several years. After doing an thorough review of the journal, i realize something fundamental about my trading method. When the trade is caught on the wrong side, it is stopped out on the same day. However, when the trade is correct, that...

Cable has been kind to me for this week. I went short on monday's opening. And i have been holding my short position for 5 days from monday to friday. I took partial profits along the way and shifted my stop loss to breakeven. Decided to hold the trade over the weekend. The best trades are the...

Trade summary Trade summary part 1 - AUDNZD Waited for 4 days before the price reaches 1.2500 on Thursday. I went short at 1.2517. However, i felt uneasy about this trade. And i went in and out of this trade quickly. Reason being despite the recent rate cut for AUD, AUDUSD remained strong and...

I am not 100% correct all the time. This is my analysis and my best guess. I hope it will work out too!

EURUSD in ABC correction? There are 2 concepts to understand in trading. One, market is forward-looking. It always looks ahead. The pertinent question to ask in trading is not "What just happened?", The stock market usually looks ahead about 6 to 12 months. However, the forex market only looks...

AUDCAD is currently within a rising channel. It is now holding at point 4. As long as point 4 holds, look to go long. Long above 1.0200 Stop loss below 1.0170 1st target profit 1.0260 2nd target profit 1.0300

Any price u looking at to enter?

Price action, fibo, S/R and chart patterns .... all roll into one Hi traders, I thought i post something interesting for us to discuss. What are your reactions on this chart?

EURUSD in retracement mode The euphoria on ECB bond buying and FED QE3 has faded after peaking at 1.3170. EURUSD is currently in a retracement mode. On the daily chart, the momentum is to the upside. •Price broken above the long term bearish channel •A bullish reversal pattern is seen. There...