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Saturday, November 7, 2015

A few forex setups that I am following


Well we had quite a bit of action with the NFP on Friday. It has now created a bit more clarity at least in the short term. I had a quite a few limit orders on and did very well. The week ahead looks like it should be very good. These are a few of the setups I will be following this week. I don't trade off the weekly chart. I use the weekly chart to establish the bias and then go down in the time frames from there depending on if there is a range or trend condition. There are quite a few other setups that are forming also. I don't rule out that the Fed comes out and tries to play it down now because the $USD is too strong. As I say, we trade the if/then process and that is the extent of it.











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