Posts Tagged daytrading

DOW looks toppy

DOW looks toppy

I'm doing my usual analysis of the markets taking signals and trades of the Daily timeframes. The one that looks interesting today is the DOW, see pic below: Now you have to bear caution as the market is clearly in an uptrend.. however, the price action over the past week, looking at the daily charts, shows us that there seems be a band of resistance where the price is unable to get beyond. Of course, the markets can do anything but this does look like a worthwhile trade taking a 1:1 risk

August 14, 2012 No Comments Full Story

Crude Oil – Resistance level, a potential shorting opportunity?

Crude Oil - Resistance level, a potential shorting opportunity?

Another interesting chart I have is the daily Crude Oil price. You can see that there is strong resistance and the market has failed to get beyond this point. This could be a potential selling opportunity. The only thing about Crude is that it is very volatile and you need to be very careful with it. The market is currently closed but when it opens I'll see what the market looks like and may even short it... Will keep you updated!

August 9, 2012 No Comments Full Story

Silver showing Higher Lows – Start of an Uptrend?

Silver showing Higher Lows - Start of an Uptrend?

The markets have been very difficult to trade of late... there seem to be many fake signals so it's important to only trade the markets which are showing the most clean looking signals. Anyway, something which looks interesting is Silver. The market has been in a downtrend for a while now but looking at the daily charts, we can see that it's now forming higher lows which is reminiscent of an uptrend... there were no higher highs however but there was a resistance area but this broke last

June 11, 2012 No Comments Full Story

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