TradeTheIndex

TradeTheIndex Updated 

Hey Traders just saw a nice hammer candle close on this pair today. I will be entering long here at the market as I believe it could have more room to run to the upside. The US Dollar in my opinion has broke out of a strong uptrend and the trend is your friend so I think this could be a trade that is worth the risk. Also this trade can have a good reward if...

09:16

TradeTheIndex

Hey Traders just wanted to give an update on what I see right now in the Cryptocurrency Market. I think we are still in a holding pattern for now. I don't see Bitcoin making new highs or lows. So that means in my opinion it is best to wait on the sidelines and be flat until something larger takes place which im sure it will eventually. Enjoy! Trade Well, Clifford

TradeTheIndex Updated 

Hey traders so I just saw a nice shooting star form on the Euro daily chart after trying to break above 50% retracement level. This is a sign of weakness and I think it is a good price to sell the Euro at the current market price. I will sell at the market and place my stop right above the high of the previous days shooting star candle. Then look to take profit or...

TradeTheIndex Updated 

Hey Traders I just noticed a nice doji like hammer formation on the USD/JPY daily chart I believe this is a good entry to buy with risk managment. I will buy at this price and place my stop below the wick of this candle. Another way to trade without a stop is to use Nadex Call Spreads they are great high leverage with limited risk! Always look at every trade as...

09:44

TradeTheIndex

Hey Traders so in my last post I had mentioned that the Euro could be topping well amazing as it is the charts were right! Of course the FED also helped by saying they are going to raise interest rates in the future. Does this mean the charts are the Holy Grail of trading? Ha ha ha I don't think there is a Holy Grail in trading but lets go back in time today...

TradeTheIndex

Hey Traders so as I just metioned on the US Dollar forming a 123 bottom formation we can now see that the Euro has formed a 123 top formation. This is a strong bearish signal that means the Euro could be about to make a 50% retracement. I will be shorting the Euro now that the daily charts have confirmed this pattern! The way you trade the 123 top formation is...

TradeTheIndex

Hey Traders so if you have been watching the US dollar over the past few weeks you will have noticed that almost ever dip has been bought into. Now I just noticed that there is a strong 123 bottom formation on the daily chart and it has closed above the 2 point. This in my opinion is most definitely a signal to go long the US Dollar or short the Euro, Pound,...

TradeTheIndex

Hey traders so I was looking at Dogecoin and it still looks like a bear market. I think this has to also to with Bitcoin but I think unless it breaks above resistance at .44 it is a sell. But if it breaks above I would then recommending taking a shot at buying it! Trade Well, Clifford

10:04

TradeTheIndex

Hey Traders so today I wanted to make a brief tutorial on technical analysis for those who are new to trading. This will be a short series that gives you the tools to understand the charts without any indicators ever needed. This analysis can be applied to all markets Stocks, Forex, Commodities, Crypto etc... Be on the lookout for future videos in the series and...

TradeTheIndex Updated 

Hey Traders so I was noticing on the charts that the Euro has been in a strong uptrend. Just saw a nice pullback buy signal on the daily chart and went long. These pinbars or hammers are great signals and when you see them in the current trend it is normally a great opportunity. The way you trade it is buy on the open of the next day candle so I went long around...

08:59

TradeTheIndex

Hey Traders hope your having a good day. So in my last video I had mentioned that Bitcoin had formed a 123 top and that sellers were in control. Looks like the market has continuned to sell off since then. Did we hit the bottom or this just a consolidation before a new leg lower begins? Let me know your thoughts. Enjoy! Trade Well, Clifford

10:24

TradeTheIndex

Hey Traders so ocasionally I watch other markets related to the Forex and one of them is the S&P 500. I think this is good market to keep an eye on because it can influence other markets especially the dollar and pairs like USD/JPY. So I have noticed that the S&P 500 has been in a long term uptrend with no signs of stopping anytime soon. It looks like it's about...

09:41

TradeTheIndex

Hey Traders so I just noticed that there a 123 top on the Bitcoin chart that has now completed. I think this can be a possible trend change coming if more sellers continue to push the market lower. I am not totally sure the correlation of Bitcoin to other crypto currencies as I am still new to this market. But from what I am reading they are correlated and follow...

10:13

TradeTheIndex

Hey Traders so last week I had noticed Dogecoin was overbought and due for a correction. That has now happened will the bulls still be able to take this market higher? Also as I learn more about this new cypto market I found 2 other currencies that look undervalued Tron and Siacoin. It looks like they are also in uptrend and possibly in a position to move...

10:23

TradeTheIndex Updated 

Hey Traders so I had mentioned last week that Dogecoin could test resistance. Looks like it has now broken through it and has since started running again. But in my opinion it's never good to chase the market wait for it to come to you. So I think that I will be placing a limit order to buy in on the next price pullback so that way I can start to ride the doge...

10:14

TradeTheIndex

Hey Traders so last post I mentioned that dollar was selling off fast but was not sure why if it was profit taking. But today I had forgot that Seasonals somtimes play a role in this market. Check out this months seasonal pattern and let me know what you think of this months US Dollar forecast. I think we are going to some bullish momentum soon! But of course my...

10:51

TradeTheIndex

Hey Traders last week I had mentioned that Dogecoin might see some profit taking after the hugh run up. But now it looks like the first dip has happened and now it is back on it's way up to test resistance at .44 Also check out a great way to take profits using support and resistance. Or do we have another dip coming first? Tell me what you guys think and here...

06:56

TradeTheIndex Updated 

Hey Traders so I noticed that the USD/JPY has been getting stronger alot since the beginning of the year. I think it has alot to do with of course the US Dollar weakening. But I saw that now it has pulled back and I think it might be a good buying opportunity. I know that BOJ will have interest rate decision soon but I think that there are some good resistance...