Archive for March, 2012

Daily Bar breakout on GBPUSD for 60 pips

Daily Bar breakout on GBPUSD for 60 pips

The markets had fallen hard the last couple of days and I thought that they would have fallen a lot more but yesterday, the markets found some support. This pattern was seen across the DOW, FTSE and other currency pairs. I knew that a lot of people were expecting the markets to tank completely but having a whole day where it consolidated presented an opportunity in my opinion. The markets would either rally or drop like a stone and I expected whatever happened the market would have moved str

March 8, 2012 No Comments Full Story

Financial Trading and Golf

Financial Trading and Golf

From my posts, I realise that I don't post a consistent trading system... what I mean is that I'm not posting the same sort of trades each day. There are times when I am trading the shorter timeframe charts and other times, the longer timeframe charts. People say that it's important that one finds a trading methodology that suits your personality and I agree there but you also need to find the trading methodology that suits your circumstances and mine change day to day. The shorter timefr

March 8, 2012 No Comments Full Story

Nice Gold trade today

Nice Gold trade today

I took a nice Gold trade today. You can see that Gold in the medium term seemed to be heading lower and the retracement found strong resistance around the 1711 level causing a pin bar sell off. I placed an order to sell on the break of the pin bar targeting previous lows around 1696 which is 5 points. This trade hit nicely and all within around 20 minutes!

March 5, 2012 No Comments Full Story

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