Archive for the Spreadbetting Category

The W Pattern in Oil Price

The W Pattern in Oil Price

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

DDFX Trading System – 15th to 19th August – First Losing Week

DDFX Trading System - 15th to 19th August - First Losing Week

So finally we have a losing week on the DDFX trading system, we've had a spectacular run so I do hope this this is a one off and not the start of a spiral trend which seems to be what happens to a lot of trading systems. The GBPUSD long at the beginning of the week was a nice trade… a winner and what I expected (probably getting a bit too confident here).. A mere 31 pips which isn’t huge compared with the trades I’ve been getting with the system previously but nonetheless, a good start.

August 25, 2011 No Comments Full Story

DDFX trades – July 2011

DDFX trades - July 2011

I realised that although I had taken screenshots of the DDFX charts over the past couple of weeks, I hadn't posted them all up on the blog. So here are a couple of annotated charts taken using the DDFX system: EURJPY - 22nd to 28th July You can see where I was uncomfortable with taking the short signal. I didn't like how the sell arrows were staggered and by the time I got all 3 arrows, the market had already moved somewhat too far already. Shortly afterwards, I get a 'buy' signal... thoug

August 8, 2011 No Comments Full Story

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