Monthly Archives: October 2011

GBP:JPY – An alternative approach to taking profit

The GBP: JPY buy set up I posted on 10 October and 20 October hit its initial profit objective today courtesy of the Bank of Japan intervention. On the chart below, I’ve outlined an approach to profit objectives which involves continuing to … Continue reading

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Qantas on the radar for technical traders

Controversial stock Qantas has broken out of both a long established trend channel and an inverse head and shoulder pattern this morning. I’ve noted some strategy possibilities on the chart below for those interested in following this set up.

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AUD:NZD – Potential sell set up.

The chart below outlines a potential ABC correction formation for AUD: NZD. This could be triggered by a weak close to today’s candle (Saturday morning AEST) The fate of this set up will probably be determined by Tuesday’s RBA meeting. A rate … Continue reading

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Copper and Sandfire Resources – Strategy update on buy set ups

The buy set ups outlined in my post on Tuesday were triggered so I’ve posted some thoughts on trading strategy for those monitoring these two copper related cfd trades. Copper, in particular, is worth keeping an eye on at the moment. There … Continue reading

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Posted in Commodity, Market, Shares, Stocks, Trading | 5 Comments

A trader’s guide to assessing the European crisis plan

The European announcement on proposals to deal with its sovereign debt problems looms as a possible game changer for world markets so I’ve tried to get together a brief framework of how to assess it from a trader’s or investor’s point of … Continue reading

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Don’t Take My Word For It… Canstar Cannex CMC Tracker review

Michael McCarthy, Chief Market Strategist, CMC Markets Australia Many readers of this blog are aware that CMC Markets has recently launched a new online trading platform, known as CMC Tracker. As a trader for more than twenty years, I’ve had

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Posted in Commodity, Forex, Market, Shares, Stocks, Trading | Tagged , , | Leave a comment

Copper Double Bottom – What’s the best play? Mining Company CFD or Copper CFD?

Over the past 3 weeks, international markets have (rightly or wrongly) been adjusting to the possibility that the “worst case outcome” for world demand built into prices now seems less likely. In recent weeks we have seen a pretty consistent picture emerging … Continue reading

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Posted in Commodity, Market, Shares, Stocks, Trading | 3 Comments

Break Out and Bank Dividend Yields

Oil and copper rallying, the Euro and risk currencies higher, share markets around the globe pushing higher on a potential European solution and a solid US Q3 reporting season so far. Underweight investors and traders caught short must be considering … Continue reading

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Posted in Market, Shares, Stocks, Trading | Tagged , , , | 4 Comments

EUR:USD – Looks interesting for triangle traders

Euro broke through the top of a descending triangle pattern on Friday suggesting potential for a continuation of the major rally leading into the trend. As shown on the chart, price came back to test the break out line at … Continue reading

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VIX Watching

Following spectacular rallies in European share markets on Friday night, there appears to be a growing sense that markets may be able to put the Euro debt inspired threat to the global financial system to bed.

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