EUR/USD Fibo Projected High

by Radar February 2, 2010

EUR/USD Fibonacci Support by Autochartist With the short term intraday charts showing some upside potential as the equities market recovered some of its prior week losses, the EUR/USD has found support near 1.3886.  As this support holds the projected upside target for this ABCD Fibonacci pattern on the 60 minute chart could offer insight into where the rally will exhaust.  This bearish pattern is most often used to trigger either an exit from a previous long position or a short at the projected D level.  If/when D is completed, the market is

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EUR/JPY Trend Slows

by Radar February 2, 2010

The 60 minute EUR/JPY has been slowly transitioning from the downtrend market cycle as prices are showing that the 125.00 level is near term support.  The 124.39 low was short lived as prices rallied quickly higher ultimately rallying through and staying above the 125.00 psychological level.  With this rally the Initial Trend reading is confirming the sideways market cycle will a reading of just two bars.  The Continuation Falling Wedge pattern therefore is a less a downtrending pattern alert and more valuable now for the downtrend line

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Access PowerStats Basic for Pip Movement Ranges and Trade Timing

by Radar July 15, 2009

Most traders struggle for a number of reasons that usually have nothing to do with their chosen strategy but rather when they choose to apply it.  Focusing on the “prime time” in the pairs is part of knowing when to find the best opportunities and capitalize on volatility.  Autochartist has made PowerStats available to visitors for free.  Take advantage of this valuable information before you make trades during times that may not be ideal for follow-through and get the information you need to make better decisions about forecast regions and risk management based upon pip movement ranges.

Link for Autochartist 21-day trial

by Radar July 15, 2009

Get live alerts throughout the day of the same chart patterns used here at Pattern Radar.  Autochartist has made a 21-day trial as well as access to the INTRO videos to get you started with trading chart patterns with Autochartist.

Visit Autochartist at http://www.autochartist.com/demologin.htm

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Understand Pip Movement Ranges
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Sidenotes

Comparing Market Cycles on Two Time Frames
October 7, 2009

The AUD/USD is presenting two different market cycles across the 30 and 60 minute charts.  The first indication of this would be not only the different chart pattern alerts but also the slight difference in Initial Trend readings (C and Z).

The trend on the 30 minute chart is a sideways market cycle (1) and this [...]

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Watch Hours of video instructions at the Autochartist’s Chart Pattern Trading channel
July 20, 2009

Our videos are “Official Content” at DailyMotion and you can benefit from the huge library of chart pattern trading and Autochartist video we have there as well as forex trading videos!  These videos are the most convenient way to learn more about pip movement, chart patterns, and entry triggers.

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