See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings .

Foundation of Technical Analysis : Building a Trading Strategy - Click here for the complete series and webinar archives

In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, construct a complete trade setup from scratch. Starting with a broader outlook on price action and drilling down into the intraday targets is the basis of our approach. Review a step-by-step walkthrough of how we go about identifying trend, confluence regions / targets and trade opportunities within a given set.

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Topics Discussed:

• Construction of a complete trade setup
• Multi-timeframe (Weekly, Daily, Intraday)
• Mapping out levels on BOTH sides of the market
• Identifying confluence regions of slope & key price levels
• Look for structure to both validate AND invalidate the near-term trend bias
• Using RSI to identify shifts the momentum profile
• Review basic concepts regarding trading the t urn
• Review basic concepts regarding pitchforks / median-line analysis
• Trading Q&A Session

Why does the average trader lose? Avoid these Mistakes in your trading

Current Trade Setups

A review of the latest AUD/USD , Gold (XAU/ USD ) and Crude (USOil) setups published earlier this week highlight live examples of how we utilize our technical approach to translate an idea into an actionable trade.

• Weekly Technical Perspective on the Australian Dollar (AUD/USD)
• AUD/USD Technical Outlook: Trading the Aussie Price Recovery
• XAU/USD Technical Outlook: Moment of Truth for Gold Prices
• Weekly Technical Perspective on the Crude Oil Prices

Join us for the next Foundations of Technical Analysis Q&A webinar on Friday August 10th at 10am EDT- Register Now!

Send requests on topics for upcoming Foundations of Technical Analysis webinars to [email protected] .

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- Written by Michael Boutros , Currency Strategist with

Follow Michael on Twitter @MBForex or contact him at [email protected]

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