Posts Tagged Trading
The markets have really taken a bashing yesterday.. lots of volatility and not easy to play.. you could have easily been caught out on the sharp reversals which were seen this morning.
Anyway, a forex pair which looks interesting is the GBPUSD or cable forex pair. The price action has fallen from the previous area of resistance and looks to be close to support. I've got an order to buy at 15480 with a stop at 15435 (45 pips maximum loss) and a target at 15680 (200 points profit).
Let's s
August 2, 2012
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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
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I want to start off buy saying that I receive a message from a reader today, it read "Hi Alan, I saw your analysis of the Crude Oil market on Friday and decided that it was a good time to get in so I went long. I got in at 84.05 and when the markets opened on Sunday, I was already 200 points up! I took profits! Thank you so much!"
The first thing I want to be clear is that my analysis is not a recommendation to trade.. it's purely educational and if you do trade, it is off your own back! As y
June 11, 2012
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