Monthly Archives: October 2010

Aquila Resources forms Symmetrical Triangle setup

Over the weekend at the Trading and Investing Expo in Sydney I was able to talk through dozens of chart setups with different attendees so I actually have plenty to share with you all in the week ahead. Taking something … Continue reading

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Posted in Market, Shares, Stocks, Trading | Tagged , , , , , , | 1 Comment

EUR:GBP – 240 minute. Bearish Reversal Strategy Update

Summary See post earlier this week for an explanation of this M reversal  set up using Bollinger Bands Entry was  short at .8875 The downtrend has now made a corrective peak allowing a trailing stop to be moved down behind that … Continue reading

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Posted in Forex, Trading, Uncategorized | 2 Comments

EUR:CAD Daily – Bearish Reversal Strategy Update

Summary Trade entry 1.4190. Initial stop 1.4366 First profit objective 1.2762 Second profit objective 1.1941 In my post earlier this week on the potential EUR:CAD Gartley set up I said I’d provide an outline of a trading strategy if we got … Continue reading

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Posted in Forex, Market, Trading | 2 Comments

Silver – Daily. Potential Bearish Reversal

Summary A bearish reversal set up will be completed if the next trend peak occurs below the upper Bollinger Band. A typical strategy would be to sell on the first close below the low of the candle making the peak I’ve … Continue reading

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Posted in Commodity, Market, Trading | 5 Comments

China Aerospace Symmetrical Triangle Setup

Whilst the triangles are patterns that you will commonly see across all financial tradeable instruments it doesn’t mean that they are any less useful to the trader. Whilst the Hong Kong market may not be one that all of you … Continue reading

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Palladium setting up for 60 min Gartley cluster

Gartley setup on Palladium 38.2% retracement on 0A wave 100% extension of Swing C as a multiple of Swing A There is plenty going on in the precious metals market at the moment. As we looked at earlier in the … Continue reading

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FMG – ASX. Daily. Potential Bearish Reversal Set Up

Summary There is a potential for an M reversal set up in Fortescue Metals I outlined how this strategy works in yesterday’s post on EUR:GBP so I won’t repeat it. If you are interested check yesterday’s post To get a … Continue reading

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EURGBP – 240 minute – Bearish Reversal Set Up

Summary A bearish M reversal set up using Bollinger Bands was triggered in the 240 minute chart early this morning Using the strategy outlined below a trader may have sold around .8870 and at the time of posting the market remains close … Continue reading

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Posted in Uncategorized | 3 Comments

USDJPY possible 30 min Gartley Reversal setup

The ebb and flow of the USD is of course the biggest talking point in the financial markets at the moment and the race to the bottom for currencies around the world is something that’s getting temperatures up and causing … Continue reading

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Silver 5 wave shows off the gold and silver correlation

Over the last couple of days I have talked about the hourly gold price and looked at a 5 wave Fibonacci cluster that appeared and was respected by the price during the Friday evening session. When you start to look … Continue reading

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