February 15, 2009

How do you determine the forex market trend?

Welcome Everyone, 

A question I am asked countless times is…

How do you determine the forex market  trend?

This is a subject that used to drive me crazy as I could never really figure out what was the domininant trend as each time frame seemed to paint an entirely different picture.  For example the 5 minute trend would appear to be up and yet the 1 minute seemes like it was sliding down and…  The 15 minute was sort of sideways and the daily was up, but the weekly was down.  This left me scratching my head and made it really hard to pull the trigger on a trade as I just didn't know which way the trend was really going.

Rather than writing a long article today, I thought I would make a video for all of you that will take a peak at how I determine the trend.  It is a big topic and this is just  the first part.

To watch the video click here:

Hope this gives you some food for thought and helps you make a better informed decision when making a trade.  :-)

QUICK NOTE…  The currnecy pairs I track in this blog have definitely been going through a sideways consolidation period over the past 1 - 2 weeks so the levels are all the same except for the USD/JPY.

Jeff Wilde


   VERY IMPORTANT:  If you are new to our forex  market forecast service I urge you to get up to speed on how to get the most out of it.  This will also explain what the abbreviations I use mean.  To get all the details click the link just below:          

 http://www.askjeffwilde.com/97/how-to-use-the-forex-market-forecast-service/

Here is a video that will teach you how to get the most out of this newsletter.      TO VIEW CLICK HERE: 


  Ok, lets get to it…   

 GBP/USD

TPD3 1.5513
TPD2 1.4960
TPD1 1.4360
============
TPU1 1.3492
TPU2 1.3000
TPU3 1.2500

LT = Down
IT =  Down


 EUR/USD

TPD3 1.4272
TPD2 1.3823
TPD1 1.3327
============
TPU1 1.2558
TPU2 1.2035
TPU3 1.1750

LT = Down
IT =  Down

 This issue sponsored by:  

The Black Dog System is slaying the markets: 
 

   77 TRADES IN APRIL - 61 W INNERS and 1 BREAK-EVEN
89 TRADES IN MAY - 69 WINNERS and 4 BREAK-EVEN
75 TRADES IN JUNE - 55 WINNERS and 3 BREAK-EVEN
58 TRADES IN JULY - 42 WINNERS and 1 BREAK-EVEN
23 TRADES IN AUGUST - 15 WINNERS and 1 BREAK-EVEN
38 TRADES IN SEPTEMBER - 25 WINNERS and 3 BREAK-EVEN
44 TRADES IN OCTOBER - 29 WINNERS and 5 BREAK-EVEN
42 TRADES IN DECEMBER - 30 WINNERS and 1 BREAK-EVEN
For more info click here: 

USD/JPY

TPD3  99.50
TPD2  96.85
TPD1  93.55
============
TPU1 89.11
TPU2  87.13
TPU3  85.00

LT = Down
IT =  Up


USD/CHF

TPD1 1.2500
TPD2 1.2355

TPD3 1.1823

============
TPU1 1.1278

TPU2 1.0881

TPU3 1.0609

LT = Up
IT =  Up

Until next week…

Peace & Prosperity

Jeff Wilde

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 www.fastforexprofits.com

www.win-at-trading.com

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Disclaimer: This web site, it's content and it's product offered is not intended to provide investment, tax, or legal advice. This web site and its information is provided for guidance and information purposes only.

The bottom-line is that all forms of trading are risky so please proceed with extreme caution.

 

 


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