PT olderman

Traps Galore Are Lurking In This Market: Here’s How To Handle Them

For several weeks now I’ve been speaking about my dread of trading in the latter stages of the summer. I’m primarily concerned about increasing unpredictability creeping into the markets. Specifically, we’re in the kind of environment where chasing breakouts is clearly not the way to go as so many of…
PT man on mountain

NZD, CHF & NASDAQ Opportunities Beckon Despite Congestion Ahead

Last week we saw a pretty tepid performance in the dollar. We saw a mini key reversal where the market reversed and closed on the low, but the price action was contained and this leads me to a bigger theme about the market action in general, which I’ll get to…
PT maneatured

Sideways Action Galore (Except 2 Pairs Set To Move Now)

Let’s start this week’s analysis with a weekly chart of the US Dollar Index. If you’re a regular reader, you’ll know I’ve  been predicting the demise of the U.S. dollar for quite some time. That’s entirely due to the combination of a reverse triangle or megaphone top price pattern and…
PT bike

On the Edge: Why I’m in Capital Preservation Mode

First, a quick recap of what I’ve been talking about for the last few months in the US Dollar Index.Let’s take a look at the weekly chart where you can see the dollar fell to further lows to set a new 10 month low. I’ve been projecting a lower dollar…
PT money

Is the US Dollar Poised For A Big Drop?

Let’s get right to it and review the U.S. Dollar Index weekly chart today. For the past several months, I’ve been predicting the demise of the U.S. dollar ever since it peaked with a megaphone top. So what’s a megaphone top? As you can see, the descending wage is denoted…
PT Featured

Let Me Show You How To Profit During the Forex Summer Doldrums

Currency markets movements are getting even slower as we head deeper into summer, exactly as I’ve been warning you over the last several weeks. However, this doesn’t mean it’s impossible to profit as long as we’re careful and patient. That’s because there are some very interesting long term trades worth…

A Wall Street Forex Guide To Banking Huge 400 Pip Trades

Before you read this article I want to make a couple of things clear. There is no ‘magic pill’ when it comes to trading Forex. The key is long term consistency otherwise you get eaten alive. Forget about making 20% per month. It isn’t going to happen. You’ll be worth…

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