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:
75 TRADES IN JUNE - 55 WINNERS and 3 BREAK-EVEN
58 TRADES IN JULY - 42 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
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
============================================================
============================================================
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.
Filed under Blog, Forex Newsletter by Jeffrey Wilde

