Archive for October, 2012
Around April last year (2011) I signed up to test the Winning Dow Signals forex alerting service. Although their results page looked good, I ended up suffering losses of 600 pips in the month which was horrible. Not surprising, I couldn't recommend it as a service for those who want to use this sort of thing.
Anyway, they had another £9.95 trial on offer via an email blast and I thought that I would give it another go... their website does state some losing months and I could have just joi
October 12, 2012
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I would have been wary of this trade personally as the market has been trending downwards for a while but trends do reverse. I do like pin bars as they show strong buyers or sellers. In our case you can see that there were buyers present forming the pin bar in the daily chart.
If you were to trade this you could take the long at the break of the nose of the pinbar.. so far the price has moved a nice 300 points... big moves like this probably mean a pullback at some stage so one would have t
October 9, 2012
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My post regarding Crude Oil a few days back showed that the market actually was consolidating, make a false break higher to lock in the longs and then came crashing down almost 400 points... Crude Oil actually lost around 4% of it's value in one day.
I am a bit miffed to be honest.. I had thought that we were going to see prices move lower last week when the price fell below the support line around 9100... it dipped just below 9000 before rallying in total around 300 points. At this time,
October 3, 2012
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