It’s rare for me to a) trade on Fridays and b) trade on the last day of the month. However I just happened to be in the right place at the right time today for a short on the S&P500. What gave me confidence to pull the trigger was that there was a short signal […]

At the end of 2013 I was asked to create a simple, multi-asset, multi-time frame strategy that a relative new-comer could use and would also be good for trading both continuations and reversals. I developed the ‘Wallachi Fan’ which I’ve shared with a few clients and you’ll see the odd post about trades using this strategy.  My […]

There’s a saying that “7 days is a long time in politics” well in financial markets it would appear that 24 hours is a long time in trading. I’d put up a piece on Thursday evening / Friday morning about GBPUSD hitting new highs and intimating that a daily and weekly close above the 1.66 […]

  Its been a good few weeks for Sterling traders as David Morrison commented on the Activtrades market piece: “On a long-term chart, the 1.67 area looks like the next most significant level of resistance. Sterling also made solid gains against the euro and is now trading at its highest level against the single currency […]

last year was a pretty dull year for trading EURGBP (well by my methods anyway). However it’s a chart I watch closely. As someone who earns in Sterling but who pays in Euro I admit to having a serious interest in the dynamics of this pair. As mentioned last year was dull. After an early […]

There have been two periods in the last 16 months where being short Yen was the easy trade. From Nov 2012 through to May 2013 and then from Nov 2013 till the end of Dec 2013 provided some great trending opportunities. But what has Yen done since then?  How has 2014 treated all those Yen […]

Fellow Traders, We’re now entering the 3rd trading week of 2014.  How are the markets treating you?  How is your trading going so far this year? I suspect that like most people you started the year with a fresh plan and high hopes to make this your best trading year ever. Set against that expectation […]

A quick update on $Gold. (Apologies for the scruffy chart.) Having appeared to perform the classical double bottom off the $1180 region, Gold has rallied from $1180 bottom to the $1250-$1260 region for the first 2-3 weeks of 2014. Here is where I see it running into its first proper test of 2014.  We have […]

Last year at the World Money Show London I listened to a professional hero Jim Rogers talk about his belief that not only will this be China’s century but that her growth will be peaceful and respectful of her neighbours. Whilst I agreed with him on the first part that this will be China’s century […]

Fellow Traders, We are already looking at the first London Traders Network Social of 2014. Where did 2013 go? For the new members this is a free social traders drinks event that allows you to meet-up with other traders. Its aim is merely to engage in sociable banter with other traders over a drink or two. Its […]