Archive for the Spreadbetting Category
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
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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
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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
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