Author Archives: michaelmccarthycmc

About michaelmccarthycmc

Chief Market Strategist - CMC Markets and Stockbroking Regular on ABC, BBC, Bloomberg, Channel TEN, CNBC, SBS and SKY

5MADT – Another Win – June 7

Trading in EUR/USD overnight was perfect for the Five Minutes a Day Trading strategy. The buy order was triggered by the barest of margins, 0.3 of a pip!. The  market then marched steadily to the take profit level (and beyond). … Continue reading

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5MADT – Miss, but Still in the Black – June 6

A stone cold stop out last night. One from three wins so far – the strategy must average one from four to make a profit. In the February campaign, there were nine losses in a row before a late month … Continue reading

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Posted in Forex, Market, Trading | Tagged , , , | 6 Comments

Five Minute Trading – Just Missed – June 5

The 5MADT trading strategy just missed last night. The market traded lower from our reference point, but missed triggering the buy order by 1.5 points, then rallied hard, triggering the sell order and then the stop loss in quick succession. … Continue reading

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Five Minutes Trading – Success – June 4

The Five Minutes a Day Trading strategy is off to a good start – up 39 pips. Last night’s trade delivered, and the strategy is one from one so far! We’ll track the results each day (see below).  In the … Continue reading

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Five Minutes a Day Trading – June 2013 – Day 1

Today is the first day of the June 2013 Five Minutes a Day Trading (5MADT) program. Throughout the month, we’ll post the trades and record the results – wins and losses. Track the program here on this blog, or subscribe to … Continue reading

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Five Minutes a Day Trading – June 2013 – White Paper

Trading and markets can be all consuming – they take as much time as an individual is willing to give. Many experienced traders work to reduce the amount of time spent in front of a screen. However, very few are … Continue reading

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Top Ten’s Top Ten

Each month we look at the top ten performing accounts on the CMC platform. This helps management at CMC determine where our development and other resources are best deployed. However, there is a spin off benefit for traders – it’s … Continue reading

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Posted in Commodity, Forex, Gold, Market, Shares, Stocks, Trading | Tagged , , , , , | 4 Comments

Bond Signals

Reading Ric’s post on Iron Ore from yesterday (click here) reminded me of the way in which markets can inform other markets. With concerns about the potential impact of the end of US Fed stimulus, it may be a good … Continue reading

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

Australia 200 Index – in the zone

Price action since February in the Australia 200 Index has done traders a favour by marking out clearly defined support and resistance. Although I don’t have a trade today, the release of Australian and Chinese data over the next few … Continue reading

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Pairs to beat the index blues

In a post on Tuesday I noted how difficult it is to predict daily moves in the Australia 200 index at the moment. On cue, I was stopped out of a short trade very soon after entry. What’s a trader … Continue reading

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