Tag Archives: Gartley ABC

Crude Oil – Sell Set Up.

Against a background of sluggish demand growth, excess supply capacity and high world inventories, I have been on the lookout for potential technical setups providing a logical strategy framework for selling into the current oil rally. Brent might now provide an opportunity.

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Selling EUR: AUD

Euro: Aussie is parked at a Fibonacci cluster zone. Failure at this level, with a weak close by today’s candle, could be a sell set up.

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Apple – thoughts on the long term chart outlook

One of the most notable features of the current market landscape is Apple’s 37% decline since September while the broad US SPX Index CFD has risen 3.5% over the same period. We’ve had a lot of client interest in the outlook for Apple so … Continue reading

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EUR:CAD sell trade – adding to the position and changing exit strategy.

With trend following strategies, most wining trades will be held through at least one or 2 minor corrections.  As the trend starts to develop there are often opportunities to take one or more of the following actions: Add to the position with pyramid staking strategies Move the … Continue reading

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Gold chart – the case for a bullish outlook

With President Obama’s re-election, it’s likely that quantitative easing will remain in place until such time as US economic growth gets considerably stronger. Given the expected drag on growth from efforts to reduce the government deficit, the label QE infinity seems appropriate for quite … Continue reading

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Brent Oil – strategies for a close profit target

What to do when a market doesn’t quite reach a profit objective? It’s a routine problem for trend followers. Under the Brent Oil strategy I posted on 22 October, a trader was greeted with a familiar situation on Saturday morning. The market got very close to the profit objective but … Continue reading

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Brent Oil – Profit target

The chart below outlines an approach to setting the profit objective for the Brent Oil short sell strategy I posted last Wednesday

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Brent Oil – sell set up

The Brent cash chart looks close to completing a corrective rally. A weak close tonight would complete the sell set up outlined on the chart below

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Apple set for the next leg higher

The US stock market is a leading influence on world investor sentiment and the big info tech companies have been its champion in recent years. None more so than Apple which is currently in the limelight with the release of iphone5. … Continue reading

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Aussie: CAD – Short Strategy Update

The ABC sell set up I posted on Monday was triggered by this morning’s weak close. I’ve outlined one approach to trading strategy on the chart below. This involves: Entry at the close of yesterday’s candle ( about 1.0185) Initial stop above … Continue reading

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