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 [...]

Just a quick post on a Binary position that I took recently on the S&P.  I had forgotten about it because I didn’t expect it to move so quickly to target!  I took the position back on the 4th May (position 1 on the chart) after price broke down strongly and broke a weekly trend [...]

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. [...]

Traders, A quick shot of a losing position (I say position because there were several elements to the trade) that closed out on Cable last week. From its lows in the 2nd week of 2012 GBPUSD has ground its way north with all manner of false breakouts occurring on the weekly chart. At point 1 [...]

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 [...]

I’ve not been blogging many trades or videos so far this year. The Metatrader platform whose charts you’ve seen in my past blog posts has been closed down by my broker as they change their Metatrader supplier.  In the old days you could easily move your profiles & templates from one Metatrader to another regardless [...]

Hello fellow traders from Co Louth, Ireland where I find myself this week with my family. Its been an interesting week to hear the Irish Governments Budget and their austerity plans (and the people’s reaction) in the context of the Friday 9th Euro Summit and all that it holds.  It’s also been interesting to hear [...]