Nothing much to say about todays trade. The market had rallied strongly on Friday and then drifted. From the market opening last night and until this morning, the market was consolidating.. not doing too much but you can see that the price was bouncing between a range.. ther resistance at 15850 and support at 15820. The break at resistance was my cue to go long giving me 25 pips as I took profit.
The markets had fallen hard the last couple of days and I thought that they would have fallen a lot more but yesterday, the markets found some support. This pattern was seen across the DOW, FTSE and other currency pairs. I knew that a lot of people were expecting the markets to tank completely but having a whole day where it consolidated presented an opportunity in my opinion. The markets would either rally or drop like a stone and I expected whatever happened the market would have moved str
Hi all, Firstly I apologise for the lack of updates to the site, I'm still very much alive but have been away for a long holiday and now back! Well, I have been watching the markets since I've been away but there has been very poor internet connection which meant that it's not been possible to look at the short term markets as much as I would have liked to. I have been doing a lot of research also and been looking at playing daily and weekly breakouts. An example of a trade which I p
