Archive for the Trading Category
I know some really lucky traders who were long of the Swiss forex pairs. Although you wouldn't have been able to seen this coming the Swiss National Bank (SNB) sold a huge chunk of Swiss Franc which sent the Swiss pairs rocketing.
The USDCHF went 800 points and both EURCHF and GBPCHF rocketted 1000 points! This amounted to an almost 9% depreciation in the currency.
If you were lucky and were long of this currency before the SNB intervened, you would be sitting on a small fortune!
&n
September 6, 2011
No Comments Full Story
The DDFX system is back in action and I'm happy to say that's its been a good week again!
Starting with GBPUSD, a short in the early hours which yield 52 pips. There was a long period of weird non-trending price bars and I closed when it peeked aboved the yellow trailing stop line.
The second trade was also a short, I had my order to short at the break of the low of the first price bar which took a few hours to kick in. The market dwindled for a while before moving downwards and I closed o
September 3, 2011
No Comments Full Story
If you study stock price patterns, no doubt you would have come across the W or M pattern. These are also double bottom or double top patterns and signify potential reversals in the underlying asset class.
If you want to read more, there's a nice article on Investopedia:
http://www.investopedia.com/university/charts/charts4.asp#axzz1WgQnxMpY
Anyway, these patterns can persist in all timeframes and I saw and traded oil with it last night.
You can see that oil price made a W (outli
September 1, 2011
2 Comments Full Story
« Older Entries
Newer Entries »
