Archive for category: Technical Analysis

Hourly Pip Ranges

15 April, 2009 (14:46) | Technical Analysis | By: Colin McGinley

The reasons for picking the hours I did to trade the Bunny method were mainly just the result of experience and deduction.
London and New York are the two main locations and time zones in which currencies are traded therefore it seems logical to posit that the greatest amount of trading activity occurs on their [...]

Money Maps

10 April, 2009 (13:02) | Technical Analysis | By: Colin McGinley

This one came out of left field and I have no recollection of how I stumbled upon it.
FXMoneyMap at its heart revolves around a scalping approach based on moving averages in multiple time frames.
It’s well worth checking out their video website as it is very slickly done and contains a decent amount of information on [...]

Whickty Whack

8 April, 2009 (14:45) | Technical Analysis | By: Colin McGinley

The next in the series of shiny trading ideas to catch my beady eyes revolved around long candlewicks.
I stumbled across a relatively simple trading method that uses long candlewicks as reversal points on the ForexNewsTrader website.
It boils down to a wick of 10 pips or more on a EUR/USD 5 minute chart signifying the strong [...]

Bear markets

21 November, 2008 (15:25) | Technical Analysis | By: Colin McGinley

Here’s a great chart courtesy of dchart.com that compares the depth and duration of four significant bear markets of the past century:

With the way the currency markets are seemingly tied at the hip of the equity markets it certainly makes sense to pay attention to the gyrations of the DJIA and S&P 500 these days. [...]

Testing the ForexGrail

5 August, 2008 (15:38) | Technical Analysis | By: Colin McGinley

While I wait out the current US dollar bullishness to subside I decided to scratch an itch I’ve had for a few weeks and test out Tom Yeoman’s ForexGrail strength meter.
I’ve resisted looking into this trading tool for quite a while as I know that Tom prefers to trade short time frames, generally 5 minutes [...]