This is a late write-up due to being overtaken by events. The nature of the trade is that it was a WallachieFan UTB123 Long trade on the Daily Nikkei chart. These trades are just short-term momentum plays. Think of them as a boxers jab rather than a knock-out blow. This trade triggered and hit target […]

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 […]

Here’s a short clip from a recent interview I gave that explains why I prefer Technicals over Fundamentals as my main decision making tool.

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 […]

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 […]

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 […]

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 […]