Mike's Forex Trading Soapbox — Mike Haran's Forex Club

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GBPUSD ANALYSES Potential Turns Videos 14062010

by admin on June 13th, 2010

2 New GBPUSD Analysis Videos covering GBPUSD weekly and daily charts.

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AUDUSD ANALYSES Potential Turns Videos 14062010

by admin on June 13th, 2010

2 New AUDUSD Analysis Videos covering AUDUSD weekly and daily charts.

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Mike Haran’s $500 to $5000 Dollar Challenge

by admin on May 17th, 2010

I have started a pre- challenge for myself yesterday. I will take the paltry sum of $500 and I will turn it into $5000.

I want people to see that you can turn $500 into $5000 as a lot of people have $500, in fact a lot of people have $3000 as the average start capital. May people get disillusioned early and give up after a few losses and they may never try again, due to fear of loss and lack of belief in themselves.

Forex Trading is not just for the high flyers and hotshot traders, you can do it as well and I want to show you how it can be done.

Here is the points result of my first days trading (10th May 2010):

Here is a commentary of my trade setups (11th May 2010):

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GBPUSD POTENTIAL 300+ point move 16.04.2010

by admin on April 16th, 2010

I am looking for the GBP to decline against the dollar as of the 16th April 2010. On the hour chart we have a couple of clues that the market may well be reversing from the 1.5524 level which has seen a lower low and a lower high put in. I have made a video update to show you what I am looking at.

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GBPUSD TECHNICAL ANALYSIS Potential Turn 31042010

by admin on March 31st, 2010

I am expecting the GBP to exceed its trend line and I would be looking …

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FOREX PATTERN TRADING Can The Markets Be Anticipated?

by admin on March 30th, 2010

Many people believe that the financial markets are totally random. The random walk hypothesis is a financial theory that states the price of a market cannot be predicted. Economists have historically accepted the random walk hypothesis. Professor Burton G. Malkiel, of Princeton University was the first person to propose this idea.

Yet many people can make a living trading the financial markets, making money time and time again. So it often makes me wonder, if the markets were random how can they do that.

Have you ever wondered how they were doing it?

Notice The Regular Spacing In Red…

I’m Mike Haran and I’m a full time trader, and I believe that the financial markets are certainly not completely random and can move with the precision of a swiss watch. The markets may appear to be random, in fact they obey the laws of chaos, I have seen markets go into fribulation before they collapse, just like a human heart, the frequency doubles then the market collapses. The markets even appear to repeat moves in time with an amazing regularity.

If you can find the correct swing in time lets call it the master swing it is possible to predict the next swing in the market with amazing accuracy. Not only that but that swing length will repeat all the way through the wave structure. Sometimes running from high to high, high to low or low to high. The thing that makes the market difficult to trade is the knowing where the next swing will be projected from.

Some People Might Say That I’m Cherry Picking…

NON RANDOM MARKET BEHAVIOUR

The non random nature of the market is very well illustrated in this example of the GBPUSD on the daily chart. On the 7.1.2010 the GBPUSD made a low, this was then followed by a second low on the 22.1.2010. This distance in time was then copied and projected from either a low or high as this wave continued to decline.

You can see that each projection points has resulted in a short term reaction against the trend in each case. Using this time cycle it is possible to estimate where the next reversal in the GBPUSD should occur, the proposed dates would appear to be the 1st April 2010 or the 7th April 2010.

The cyclic nature of the markets and reoccurring repeating patterns would seem to indicate that far from being random, the markets do seem to behave in a structured way. This structure is then disturbed by seemingly chaotic activity where the markets will suddenly fracture and move rapidly in another direction seemingly at random. The markets are thought to be a non linear dynamic system composed of a trend component and highly random price element. However, in these random move repetitive patterns form which appear to offer a predictive analysis of future price movement. This is often referred to as pattern trading.

By Mike Haran

http://www.haranfx.com

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USDJPY Technical Analysis Potential 400 Point Top Position 25 March 2010

by admin on March 25th, 2010

We have a potential top comming up on the USDJPY, 97.139 would be an ABCD pattern at 100%

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GBPUSD Potential 300 Point Swing 25032010

by admin on March 25th, 2010

Firstly, sorry about the lack of updates, but I can only put them up when they occur and if the opportunity does not present itself then there is nothing to post.

Sorry this is a bit late, the turn actually came in at 5am.

My strategy is to buy any 50% pull back on the hour chart
I am anticipating a top on either the 30.3.2010 or the 1.4.2010

I am hoping that we will match the previous high or go slightly higher, as the market unfolds I will be in a better position to anticipate the actual area

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GBPUSD Broken Trendline 17032010 Urgent Update 19032010

by admin on March 19th, 2010

My previous prediction for the GBPUSD on the 17th March was potentially worth 200 points to my members!

I have a turn for the 22nd which falls on Monday, if you shorted the GBPUSD, beware that you potentially should reverse the trade as potentially the low is now in. The chart shows a modified saw wave pattern, completing at the 2.618 level. Do not enter a trade late Friday, wait for Monday am(GMT)

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AUDUSD Forming ABCD Pattern

by admin on March 17th, 2010

The AUDUSD is in a range, and its forming a ABCD pattern at the moment,

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