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The Twenty Minute

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The Harmonic

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Heard about the Currency Wars?

- They're here, now -

Read on, and let's get started.....


The Forex market can take a while to understand what works, so I would like to send you the comprehensive on-line book "Forex Trading For You" 

In this FREE book you will find out how the Foreign Exchange market works and how to profit using these techniques:

How the Carry Trade works and using it to your advantage 

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From the blog

The NASDAQ takes a 500 point tumble...

 

The NASDAQ takes a 500 point tumble...

Markets thrive on uncertainty and that's exactly why these false break-outs work so well. The majority expect the new high to be just the start of the next trend wave. The warning signs were there, a combination of divergence, volume, wave count and Fibonacci

We just needed price action confirmation and this started with the bearish engulfing candle at the high. The next few days neatly set up the sell level as the Colour Charts confirmed. Then, tumble, it did.....

Where we are now is in the happy position of sitting on a very healthy profit. However, there are now warning signs of a possible rally that could evaporate those profits.

The prudent trader will be converting most of those paper profits into real ones, leaving just a small part of the trade on for the gamble of an even bigger move.

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