Sterling has been a great story these last couple of months. If like me you’re looking to buy strength and sell weakness then GBP has been strong all year. On the daily chart of GBPUSD we can see that price has been chugging upwards in a nice channel. Price tickled the soft underbelly of the […]

I maybe on my holidays in the highlands of Scotland but I had a chance to look at the odd chart.  Earlier this week I drew attention to the gold price coiling up into a tight triangle pattern (click this hyperlink to read that piece). I hadn’t expected it to explode so soon but I […]

Just a quick heads-up. Take a look at the Gold Daily chart. The gold price has been listless for the last 4-5 weeks. On the daily chart you can see that its forming a nice triangle pattern.  I’m not really one for trading that particular pattern, but I always take a note of them when […]

I wrote a couple of weeks back that the markets and in particular a lot of the FX markets were decidedly lackluster these last 2-3 months.  As usual no sooner had I spoken than things picked up! Yesterday we saw new annual lows in the EURGBP. Check out the chart below:   EURGBP has been […]

I’ve been talking to a few traders recently about the lack of trading opportunities and general malaise at present. March and April were particularly quiet.  I think that lots of people took two weeks off for Easter during April. Allied with Ukrainian nervousness meant that it was a generally dull month. However if you look at […]