Monthly Archives: July 2012

Gold Triangle on the Radar

Many successful traders maintain a “radar” screen of markets and instruments that may be approaching key levels for a trade. Gold breached a triangle in May that gave a $100 + short trade – and surprisingly, is now in a … Continue reading

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Posted in Commodity, Gold, Market, Trading | Tagged , , , , , , , | 5 Comments

Aussie Dollar and Today’s inflation number

The quarterly inflation statistics are one of the most important influences on Reserve Bank monetary policy. In this post, I provide some background information on interpreting inflation statistics from a practical trader’s point of view. I also discuss the possible implications of today’s … Continue reading

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Posted in Forex, Market, Trading | Tagged , , , | 1 Comment

Aussie 200 – too many trade signals?

As many of you I’m sure would agree, when you look at different timeframes you can see setups that point you in different directions on the same instrument. It may be problematic in a way, at least in the short-term, … Continue reading

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NZD:USD – Head and Shoulder Possibility

This chart looks interestingly placed in the event that Spanish bond yields remain under pressure and the current risk off trend continues in international markets.

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Short German 30 – Outright or vs Australia 200?

The resilience of the German 30 index (tracking the DAX) continues to amaze. Markets appear to think the German 30 will remain immune from woes in Europe. After a bearish reversal on Friday, the only question for me is whether … Continue reading

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Posted in Market, Shares, Stocks, Trading | Tagged , , , , , , , | 7 Comments

AUDJPY at a tipping point

When you read the news these days it must make most currency traders feel like they are trying to pick the least worst currency to be a fan of. The trouble that I think that a lot of people face … Continue reading

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Posted in Forex, Trading | Tagged , , | 3 Comments

EUR:GBP – Positioned for reversal

I thought the current triple bottom formation in EUR: GBP deserved a post. Looking at the bigger picture of the daily chart, there looks to be a decent case to say that this is one of those formations that could set up for a major corrective rally.

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Posted in Forex, Market, Trading | Tagged , , , , , | 1 Comment

Dollar: Yen – triangle

The symmetrical triangle on the hourly chart looks a strategically placed set up for short term traders taking a reading off the higher time frame daily.

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Euro possibly set for a new step lower

One of the things that I have noted in recent weeks has been the relatively comfortable trending behaviour of the cross rates and the hugely erratic nature of the spot rates. This is not just from the last few weeks … Continue reading

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Posted in Forex, Market, Trading | Tagged , , , , , , , , , , , , , , , | 5 Comments

Sell Scepticism, Buy Hong Kong

The Hong Kong 43 index, which tracks the Hang Seng, is a long-term member of my radar watchlist. It has the lowest Price to Earnings ratio of any Asian index, and a dividend yield around 4%. Its unusual composition means that fears … Continue reading

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Posted in Market, Shares, Stocks, Trading | Tagged , , , , | 8 Comments