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Huge move on Gold but we were on Wrong Side of Market

Huge move on Gold but we were on Wrong Side of Market

There was a huge move on Gold  which we were expecting... it's just a shame that we were on the wrong side of the market.   From the chart above you can see the price action. It was actually the 27th April when I had entered the market on the pinbar as highlighted. You can see the support line had rejected price quite strongly each time it hit this so I had my entry. I did know that the overall price direction was bearish but I was thinking that the market had been heading low

April 2, 2013 No Comments Full Story

Binary Bet on FTSE

Today I thought I’d try something new. For those following my Twitter feed, you’ll read that I placed a binary bet on the FTSE closing lower today. A binary bet has two outcomes – win or lose so it’s a simpler form of trading. With a binary bet you will know your maximum loss vs your maximum gain so it’s good in that respect. You are able to better manage your risk and are less likely to get involved with the anxiety that traditional trading brings. For example, if I take my trad

March 26, 2013 No Comments Full Story

Daytrade on Gold for a handsome profit!

Daytrade on Gold for a handsome profit!

I was finding that I was missing out on Monday’s movements if I had only looked at the markets from Monday morning. Sunday evening isn’t a good time to base trading signals on due to low volatility. Anyway, today, I got up earlier than usual and looked at the markets before the European open. I decided to take a short on Gold as it was in a downtrend and the recent pullback up looked as though it had run out of steam.  You can see that there is a resistance level where the market had

March 25, 2013 2 Comments Full Story

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