Make money with this service

 Investing in covered calls is not a get-rich-quick strategy. We use modern web design principles to make your choices clear and easy to understand. It is our belief that you can make money with covered calls by keeping the software and process simple. Try our covered call options service for free!

AUD/JPY forex chart

 

AUD/JPY 06-Jan-06:00 -> 29-Jan-14:00 Target Level: 80.4435

SL: (A) 79.2045 Last TP of Channel Down RL: (B) 80.4435 Last TP of Channel Down Target Period: 3 days   Interval 4 hour Pattern Channel Down Length 60 Candles Identified 28-Jan-22:00

Channel Down identified at 28-Jan-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 80.4435 within the next 3 days. Supported by Upward sloping Moving Average

GBP/JPY

 

GBP/JPY 08-Jan-06:00 -> 28-Jan-14:00 Target Level: 141.2835

SL: (A) 141.2835 Last TP of Channel Up RL: (B) 142.8655 Last TP of Channel Up Target Period: 2 days   Interval 4 hour Pattern Channel Up Length 47 Candles Identified 28-Jan-10:00

Channel Up identified at 28-Jan-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 141.2835 within the next 2 days.

EUR/GBP

 

EUR/GBP 08-Jan-02:00 -> 28-Jan-14:00 Target Level: 0.8918

SL: (A) 0.8813 Last TP of Channel Down RL: (B) 0.8918 Last TP of Channel Down Target Period: 2 days   Interval 4 hour Pattern Channel Down Length 46 Candles Identified 28-Jan-02:00

Channel Down identified at 28-Jan-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.8918 within the next 2 days.

COMP Gold Ounce (USD)

 

At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : COMP Gold Ounce (USD)

Direction : Identified time : 2021-01-26 09:31 EST Breakout price : 1859.47 Forecast price : 1863.82 Forecast pips : 435 Probability : 65.45 %

Pattern : Triangle Interval : 60 Min Pattern : Resistance Interval : 60 Min

EUR/GBP

 

EUR/GBP 15-Jan-18:00 -> 26-Jan-11:00 Target Level: 0.8918

SL: (A) 0.8875 Last TP of Ascending Triangle RL: (B) 0.8918 Last TP of Ascending Triangle Target Period: 2 days   Interval 1 hour Pattern Ascending Triangle Length 116 Candles Identified 26-Jan-11:00

Ascending Triangle identified at 26-Jan-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.8918 within the next 2 days. Supported by Upward sloping Moving Average

CHF/JPY

 

CHF/JPY 18-Jan-07:00 -> 26-Jan-11:00 Target Level: 117.3380

SL: (A) 116.6535 Last TP of Ascending Triangle RL: (B) 117.3380 Last TP of Ascending Triangle Target Period: 2 days   Interval 30 Minutes Pattern Ascending Triangle Length 238 Candles Identified 26-Jan-10:30

Ascending Triangle identified at 26-Jan-10:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 117.3380 within the next 2 days. Supported by RSI below 40

CAD/JPY

 

CAD/JPY 06-Jan-14:00 -> 25-Jan-14:00 Target Level: 82.2070

SL: (A) 81.4330 Last TP of Ascending Triangle RL: (B) 82.2070 Last TP of Ascending Triangle Target Period: 2 days   Interval 4 hour Pattern Ascending Triangle Length 39 Candles Identified 25-Jan-06:00

Ascending Triangle identified at 25-Jan-06:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 82.2070 within the next 2 days.

AUD/JPY

 

AUD/JPY 06-Jan-18:00 -> 25-Jan-14:00 Target Level: 80.5000

SL: (A) 79.9050 Last TP of Triangle RL: (B) 80.5000 Last TP of Triangle Target Period: 2 days   Interval 4 hour Pattern Triangle Length 38 Candles Identified 25-Jan-06:00

Triangle identified at 25-Jan-06:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 80.5000 within the next 2 days. Supported by Upward sloping Moving Average

Traders need to focus

 Traders determining the strength of a zone is how price left that zone volume and the number of trades.  It is important to learn charts and a couple indicators in your trading. Price works the same way.  Traders need to focus on the strength at which price left the origin of the supply or demand zone.  If price leaves quickly, it shows a large imbalance of supply and demand and therefore a stronger zone. Did some kind of news just effect the trade?

Scalping Strategy Course (DVD + Online)

USD/ZAR forex chart

 

	The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : USDZAR

Direction : Identified time : 2021-01-21 21:30 EST Breakout price : 14.98001 Forecast price : 15.0236 Forecast pips : 44 Probability : 66.13 %

Pattern : Triangle Interval : 15 Min Pattern : Resistance Interval : 15 Min

EUR/JPY

 

EUR/JPY 24-Dec-02:00 -> 20-Jan-22:00 Target Level: 125.0905

SL: (A) 125.0905 Last TP of Falling Wedge RL: (B) 126.2100 Last TP of Falling Wedge Target Period: 2 days   Interval 4 hour Pattern Falling Wedge Length 61 Candles Identified 19-Jan-22:00

Falling Wedge identified at 19-Jan-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 125.0905 within the next 2 days. Supported by Downward sloping Moving Average

EUR/CHF

 

EUR/CHF 30-Dec-02:00 -> 20-Jan-22:00 Target Level: 1.0740

SL: (A) 1.0740 Last TP of Channel Down RL: (B) 1.0792 Last TP of Channel Down Target Period: 2 days   Interval 4 hour Pattern Channel Down Length 49 Candles Identified 20-Jan-14:00

Channel Down identified at 20-Jan-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0740 within the next 2 days. Supported by Downward sloping Moving Average

Two key components of the different markets.

  Before showing you the details of the strategy, it’s important to understand two key components of the different markets. Why do prices move in any market? Price in any market turns at price levels where demand and supply are out of balance. The consistently profitable trader is able to identify a demand and supply imbalance which means knowing where the actual buyers and sellers are in a market. By quantifying institutional demand and supply areas on a price chart, you can identify market turns and market moves in advance with a very high degree of accuracy.

 

EUR/GBP

 

EUR/GBP 07-Jan-08:00 -> 19-Jan-22:00 Target Level: 0.8884

SL: (A) 0.8884 Last TP of Triangle RL: (B) 0.8919 Last TP of Triangle Target Period: 2 days   Interval 1 hour Pattern Triangle Length 154 Candles Identified 19-Jan-19:00

Triangle identified at 19-Jan-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8884 within the next 2 days. Supported by Downward sloping Moving Average

AUD/USD

 

AUD/USD 31-Dec-14:00 -> 19-Jan-22:00 Target Level: 0.7659

SL: (A) 0.7659 Last TP of Descending Triangle RL: (B) 0.7724 Last TP of Descending Triangle Target Period: 2 days   Interval 4 hour Pattern Descending Triangle Length 37 Candles Identified 19-Jan-22:00

Descending Triangle identified at 19-Jan-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7659 within the next 2 days. Supported by Downward sloping Moving Average

EUR/GBP

 

EUR/GBP 31-Dec-09:00 -> 18-Jan-22:00 Target Level: 0.8884

SL: (A) 0.8884 Last TP of Channel Down RL: (B) 0.8924 Last TP of Channel Down Target Period: 3 days   Interval 1 hour Pattern Channel Down Length 217 Candles Identified 18-Jan-17:00

Channel Down identified at 18-Jan-17:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8884 within the next 3 days. Supported by Downward sloping Moving Average

EUR/CHF

 

EUR/CHF 06-Jan-06:00 -> 18-Jan-22:00 Target Level: 1.0815

SL: (A) 1.0740 Last TP of Channel Down RL: (B) 1.0815 Last TP of Channel Down Target Period: 2 days   Interval 1 hour Pattern Channel Down Length 157 Candles Identified 18-Jan-20:00

Channel Down identified at 18-Jan-20:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0815 within the next 2 days.

Elliott Wave Theory

 The big advantage to technical analysis. Technical analysts were able to arrive at actual price targets for the crash, in real time, while it unfolded. Fundamental analysts knew it was "gonna be bad!" but that type of analysis doesn't help time the market with a large degree of accuracy. This is why the majority of fundamental analysts don't even try to time the market, except in broad strokes; their system is ill-suited to it. Elliott Wave Theory. One way to look at it is that the Elliott Wave is a unique way to understand why the market does what it does, and a detailed tool that allows us to project future price moves by extrapolating the fractals and patterns found on the charts.

How To Trade Forex Using Support and Resistance Levels

CAD/JPY

 

CAD/JPY 15-Dec-22:00 -> 14-Jan-22:00 Target Level: 81.9410

SL: (A) 81.5025 Last TP of Channel Up Target Period: 3 days   Interval 4 hour Pattern Channel Up Length 73 Candles Identified 13-Jan-22:00

Channel Up identified at 13-Jan-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 81.9410 within the next 3 days. Supported by Upward sloping Moving Average

Getting to demand zones

 Getting to demand zones are also important to make good trades. If you arrive to the demand with large red candles showing panic and fear, you are going to have a bigger move up on the charts. The large red candles signal that traders who wanted to sell has now exited the stock or Forex trade. When buyers step in they must raise their bids quickly to attract a seller who may still be around. If the arrival to the demand zone is quiet, there are still many traders holding  the stock who are looking to sell at a smaller loss when the bounce takes place. This added supply will stop the bounce of price from the demand level or support.

The Forexmentor Live! interactive training in trading Forex includes unlimited access to the live trading classroom, detailed tutorial videos used in trading client accounts, a step-by-step guide to the LPT Method, technical analysis, detailed presentations throughout the day, live Trade Alerts, access to Professional Fund Managers, access to live news feeds in real time and so much more.

EUR/USD

 

EUR/USD 29-Dec-16:00 -> 13-Jan-12:00 Target Level: 1.2132

SL: (A) 1.2132 Last TP of Falling Wedge RL: (B) 1.2223 Last TP of Falling Wedge Target Period: 3 days   Interval 1 hour Pattern Falling Wedge Length 183 Candles Identified 13-Jan-11:00

Falling Wedge identified at 13-Jan-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2132 within the next 3 days. Supported by Downward sloping Moving Average

EUR/CHF

 

EUR/CHF 16-Dec-18:00 -> 13-Jan-14:00 Target Level: 1.0868

SL: (A) 1.0806 Last TP of Triangle RL: (B) 1.0868 Last TP of Triangle Target Period: 3 days   Interval 4 hour Pattern Triangle Length 64 Candles Identified 13-Jan-02:00

Triangle identified at 13-Jan-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0868 within the next 3 days. Supported by RSI below 40

CHF/JPY forex chart

 

CHF/JPY 16-Dec-10:00 -> 12-Jan-14:00 Target Level: 116.4635

SL: (A) 116.4635 Last TP of Rising Wedge RL: (B) 117.5940 Last TP of Rising Wedge Target Period: 2 days   Interval 4 hour Pattern Rising Wedge Length 55 Candles Identified 11-Jan-02:00

Rising Wedge identified at 11-Jan-02:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 116.4635 within the next 2 days. Supported by Downward sloping Moving Average

Coach's Corner Premium is an interactive training service designed to help Forex traders attain Forex trading mastery via video courses, daily analysis videos, weekly webinars and interaction with mentors and other traders.

GBP/JPY

 

GBP/JPY 29-Dec-23:00 -> 12-Jan-11:00 Target Level: 142.3095

SL: (A) 140.3420 Last TP of Ascending Triangle Target Period: 2 days   Interval 1 hour Pattern Ascending Triangle Length 154 Candles Identified 12-Jan-10:00

Ascending Triangle has broken through the resistance line at 12-Jan-10:00. Possible bullish price movement forecast for the next 2 days towards 142.3095. Supported by Upward sloping Moving Average

EUR/CAD

 

At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : EURCAD

Direction : Identified time : 2021-01-11 09:04 EST Breakout price : 1.55861 Forecast price : 1.56148 Forecast pips : 29 Probability : 66.45 %

Pattern : Triangle Interval : 60 Min Pattern : Resistance Interval : 30 Min

EUR/CHF

 

EUR/CHF 24-Dec-14:00 -> 11-Jan-12:00 Target Level: 1.0868

SL: (A) 1.0810 Last TP of Inverse Head and Shoulders RL: (B) 1.0868 Last TP of Inverse Head and Shoulders Target Period: 3 days   Interval 1 hour Pattern Inverse Head and Shoulders Length 185 Candles Identified 11-Jan-11:00

Inverse Head and Shoulders identified at 11-Jan-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0868 within the next 3 days.