Archive for March, 2012
This was something which I saw yesterday but I didn't have the confidence to trade it and didn't. I had emailed this to a few of my trading friends to get their view but they weren't sure either. Anyway, imagine the chart below but without todays up bar.
The way I saw it was this, there was an obvious support as draw below at approximately the 15650 level which can be seen very clearly in the daily charts. The market had bounced off this a few times already as you can see. With the latest pri
March 13, 2012
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As I progress with my trading, I'm finding myself more picky with the trades that I trade. I also like to take the trades off the longer timeframe charts as they are less stressful (though I use the shorter timeframe to enter).
Anyway, have a look at Crude Oil today... I post the 1 hour chart below:
What was interesting to me from this chart prior to the fall (as you see in the price bar one previous to the current price bar) is that the price had lingered around 10700. Big round numbe
March 13, 2012
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As someone who is interested in the financial markets, I'm always interested in the personalities that this industry creates. One such personality who has come into the limelight recently is Alex Hope or The Ace of Spades who is a self taught Forex trader. His recent visit to a nightclub in Liverpool spending a £200,000 in just 3 hours hit the news and there was a mad scramble to find out more about this guy. He was reported in the Daily Mail, Mirror and other news sources and his Twitter f
March 8, 2012
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