Archive for the Trading Category
The markets have been kind to me the last couple of weeks... quite a few signals and decent follow through on price action. So on Wednesday I had gone short on Gold.. the trend had been down and I saw the bounce as a retrace. You can see how the price got stuck around 1750 which also happened to be the 50% Fibonacci of the initial fall.
I got in at 1751 with the initial target around 1730. However, when I saw the pin bar in the 4 hour (as in the chart) I too profit around 1742 only for th
October 19, 2012
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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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