Monthly Archives: May 2012

Webinar on Pyramid Trading Strategy

Today at 1PM AEST (Sydney) time we are doing a live session on pyramid trading strategy. Thursday: Pyramids and Profit Pyramid trading is the process of using profit generated from an existing position to acquire additional positions. Many traders claim … Continue reading

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Webinar – Review of topical chart set ups

I will be hosting a webinar discussing a range of current charts at 1pm AEST (Sydney time). This will discuss potential set ups and approaches to trading strategy on a number of current charts To register Click Here

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

GBP:AUD – Update on Butterfly Sell Strategy.

The Butterfly reversal set up I posted on 24 May was triggered when price closed below the overlap support. I’ve outlined an approach to stop loss levels and profit objectives on the charts below for readers following this set up

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Webinar today – Building Wide Range Breakouts into Trading Strategy

I’ll be hosting a brief webinar at today on strategies to capitalize on this strong break out pattern. The webinar will start at 1pm Sydney time (AEST).  To register click on the link below https://cmc-markets.webex.com/cmc-markets/onstage/g.php?d=705117399&t=a

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Australian banks – Candlestick formations a pointer to early entry on reversal set ups

Westpac and CBA both finished with candlestick reversal patterns yesterday. In the case of CBA, this coincides with a test of the 200 day moving average. At this stage, Westpac has the distinct look of a chart that could provied … Continue reading

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EUR/AUD – Downtrend resuming – setting up for sell trade

One of the things that can be most valuable to trend traders is to align their setup search over a number of different timeframes. This usually means looking at monthly, weekly, daily etc charts to find alignment in direction. I … Continue reading

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EUR:USD – Time to defend short position

The sell set up I posted on 2 May has now reached it’s first profit objective. The strategy involved a triangle set up, selling at around 1.3158. The first profit objective at around 1.2516 was reached on Friday. The strategy … Continue reading

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EUR/USD – Stalking your prey may be the go

Whilst I normally write about trade setups that are imminent I thought today I would share with you a different perspective on looking at setups and discuss how looking at some different timeframes can give you a clearer picture on … Continue reading

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Parabolic SAR – Webinar today on uses and abuses

Today I will be running a short session on the basics of the Parabolic Stop and Reverse indicator. This is an indicator that can be particularly useful for isolating points of reversal within a trending movement. Like all indicators though … Continue reading

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Candlesticks in Focus – Recorded Webinar

Hi everyone, I have recorded a webinar on candlesticks which will be available for the next 2 weeks via the link below. The webinar looks at the theory behind candlestick analysis and outlines some of the major reversal patterns. It … Continue reading

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