I’ve been saying for a while now that I was shorting Global Indices based upon my analysis of the charts and using various vehicles (CFDs, Spread-Betting, DMA & Binaries) to access the market and build positions in line with my view.  I wrote about how at the start of the month I was stopped out [...]

I had another 2 Binary positions close yesterday.  Both on the NASDAQ.  As always lets cut straight to the chart. NASDAQ – WEEKLY The NASDAQ has been on a bullish tear north for the first 13 weeks of 2012.  It was simply unstoppable and trying to short it would have been futile (not that I [...]

Over the last couple of days I’ve had a few european centric Binary positions closing on me.  Whilst not necessarily taken with the French elections in mind they certainly played a part in their outcome.  One win and one loss.  Lets cover the losing position first: EURUSD After a wild start to 2012 where the [...]

Here’s an elegant piece from Brian Lunds blog on StockTwits.  He describes some simple rule for trading a reversal hammer.  Many of the rules fit my own style of trading this price action pattern. http://bclund.com/2012/05/07/5-rules-for-trading-a-reversal-hammer/ Brian’s blog is a good read so you may want to sign-up to his posts. Enjoy Paul

Here’s an update on a Binary Option position that closed on Friday afternoon on the back of a week of good news for AUD short-sellers.  You can read the first part about the initial H&S set-up here.  The second part with an update on the first part of the trade being closed out is here. [...]

This week has seen the failure of a Binary No Touch Trade on the Dow Jones and the re-attack of it based on todays poor NFP numbers.  The chart will explain it all.  As always there’s useful debrief points to learn from. 1. The Dow Jones has been in a nice up-trend since early December [...]

I’ve mentioned that I had a few longer-term Binary Positions that are running and I thought I’d update you on a position that closed out last night. After many years in decline the USDJPY trend broke with a strong move north from the end of January.  People far smarter than I can explain why it [...]

A quick post on a quick win Binary Option on Kiwi Dollar which hit target last Thursday…but I did not realise till I did my weekly analysis this weekend. Here’s the weekly chart:   As you can see on this weekly chart the KiwiDollar after a strong up trend reversed and fell back.  There were [...]

Hello there traders, sorry its been a while. Some of you may or may not be aware of the present correlation between the AUDJPY and the S&P 500.  There are people far smarter than I who can explain the full range and reasons  for this correlation. As a trader I just want to find good [...]

Hey traders, Most of you know that I’m primarily an FX Trader however for the last 8 months I’ve increasingly been trading the major Indices (S&P, DJ30, DAX & FTSE).  For some reason my price action strategies have been generating  nice signals, trades and results so who am I to argue? Anyway here’s a video [...]