Tag Archives: triangle

Gold Triangle Break

Gold is offering a potential triangle break out. Conventional market wisdom is for higher gold prices, whether as a result of central bank stimulus or a break out of inflation. At the more extreme end of the “gold bug” spectrum … Continue reading

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Posted in Gold, Market, Trading | Tagged , , , | 10 Comments

Buy EUR/USD on Incompetence

Just when it seemed safe to re-enter the Mediterranean waters, European finance ministers have found another way to de-stabilise the global financial markets. However, the immediate response to plans to dip into depositers savings to cover a funding gap appeared … Continue reading

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

AUD/JPY – a chart for today’s employment number

It would take a crazy brave blogger to make firm predictions about a volatile number like today’s employment statistics. I’m not sure that’s me. I do think though that today’s figure has the potential to be a decent market mover when it”s released at 11.30am. Aussie … Continue reading

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GPT Group Triangle – One for the Purists

Aside from the straight-edge trendline it doesn’t get much more old-fashioned in the technical analysis world than the triangle. When you see a good one though it remains a cause for celebration – or whatever it is that you do … Continue reading

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Posted in Shares, Stocks, Trading | Tagged , , ,

MACD in focus – setting the direction for the corn triangle

Last week, I posted a video outlining some thoughts on using MACD, the RSI or Stochastic to improve trading strategies. Two of the ideas discussed in the video involved using these tools to: Achieve early entry on some set ups and Improve success rates … Continue reading

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Posted in Commodity, Market, Trading | Tagged , , , , , ,

Aussie Dollar Chart – Long term outlook

The trading world has plenty of standard sayings and pieces of “accepted wisdom”. In my experience plenty of these are actually very useful, but many are not. It pays to be guided by evidence and your own experience. One concept that I have … Continue reading

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GBP:AUD – Day traders set up

As we head into the start of the European session tonight, I though readers may be interested in this example of a triangle set up in the GBP:AUD 5 minute chart.

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Going long Euro? Test a Triangle.

In a number of my recent posts I have been making some pretty bullish noises about the state of the euro. Most recently this opinion has been based on the bounce off the 200 day moving average and the break … Continue reading

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Telstra – trading the breakout

With China’s flash PMI again being on the wrong side of 50, it’s possible we may see some rotation back into defensive stocks. Against that background, I thought this triangle break in Telstra looked interesting from a short term trader’s perspective.

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Fed decision upcoming – USDJPY under pressure

This has been the week that has seen the ECB get a better set of fangs, the Fed being expected to fire some more funds into the system and the return to the blog of the descending triangle. The joy … Continue reading

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