Raghee Horner is the Chief Currency Analyst for InterbankFX, an independent trader, and author based in South Florida. She began experimenting with market timing and charting analysis in 1989 at the age of 17 and began to trade commodity futures and options. In the mid-90s she began daytrading equities and futures indicies.
Later in 1999 Raghee added forex to her trading approach. She’s best known for her 34EMA Wave, GRaB candles, market trend analysis as well as her forex trading and futures correlations. She considers herself a Chartologist relying on price action and patterns for her trades.
She has written three books on her forex trading including a unique journal-style book called “Thirty Days of Trading” to which she is working on a follow-up.
Here's a recent Q&A with Raghee:
On on her trading style: My style hasn't changed all that much since I began. It took about three years before I found the style, approach, and indicators that worked for me - two of them were my design - and then I put the blinders on and honed my entries until they became second nature to identify. Charles Dow's market trend analysis was probably the most impactful on every aspect of my trading. I think the best lessons in how to trade come from books written before the late 30's. Dow, Schabacker, Wyckoff - those were my best teachers. I am thankful that I began trading with paper, pen, and ruler, end of day charts and a complete ignorance of how challenging trading really is!
On how she teaches: I like to teach in a real, moving market with live charts and that's it if at all possible. My preference for what I call "educational analysis" comes from really two facts: The basics of trading...what is a pip, what the pairs are, indicator definitions....all that is available for free on the internet and frankly there are sites that teach this very well. I write for one of them: Baby Pips. They have probably the best basic education for new traders out there. I refer new traders there first. Go through that course and when you're ready to put that education to work, I'll be waiting for you. We'll look to the current market together because nothing happens exactly alike twice...there are so many nuances. Looking at a real market and learning from what you see...there's no substitute. Educational lessons should reflect that and that's how I teach.
On her 34EMA Wave: This is the tool that I really could not trade without and I think it's valuable enough and important enough to any style of trader that I give the indicator and how I use it away. I think the gem in the 34EMA Wave is that once a trader understands the underlying market psychology of whatever they are trading and then the specific time frame, the entry approach can then be determined. We're trading psychology and there are so many ways to interpret and gauge - day to day, even session to session - it changes. What traders get when they join TradeForexFutures is my take on these changes and how I am handling it. It's the next best thing to begin here in my office. That's the gem of being a member.