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Trade Like A Wizened Mercenary Soldier
It looks like Dennis Gartman got caught out by recent market volatility: Gartman: I timed the market wrong That being said he appears to be sticking to his “Not-So-Simple (but materially fewer) Rules of Trading“. Be it investor or trader, … Continue reading
$AUDUSD hits key level of resistance; closed position with 255 pips profit; chart review #forex
The AUDUSD position has now been closed with 255 pips profit, by the alert based trade that was set up on timetotrade, to sell when the price hit the resistance trend line as discussed in the original AUDUSD trade strategy … Continue reading
$GBPUSD broken through resistance at 1.6000 – chart review of key levels of support & resistance #forex
GBPUSD has managed to break through a key level of resistance at 1.6000. From a short term perspective the outlook is bullish, with the next key level of resistance being the downward trending resistance trend line: Click here to set … Continue reading
$USDJPY is starting to weaken; still bearish; chart update #forex
The USDJPY made a small attempt to rally yesterday but it now looks set to continue in its downward trend, if it can make a clean break through the 76 support level: The USDJPY trade strategy discussed in a previous … Continue reading
$AUDUSD continues its upward move; now overbought; next chart target 1.0700
The AUDUSD has made a big move to the upside over the last 12 hours and is now at the next point of weekly resistance and very overbought: It would be reasonable to expect some consolidation and profit taking at … Continue reading
$AUDUSD #forex rate cut fear versus bullish China numbers
The AUDUSD pulled back to test support today after lower than expected Australian CPI figures fuelled fears of Interest Rate cuts. The weekly support trend line held and is now being helped by bullish news coming out of China. It … Continue reading
$USDJPY #forex trade strategy
From a long term perspective the USDJPY is in a downward trend: and today it broke through a support level that has held for the last few months: A sell trade was posted on twitter @ 75.8545 and the following … Continue reading
$EURUSD #forex chart review – testing key point of resistance
The EURUSD is testing a key point of resistance at approximately 1.3970: From a technical perspective the EURUSD has been in a downward trend since the start of May, 2011. It has rallied from lows in October to now test … Continue reading
$AUDUSD #forex trading strategy
The AUDUSD has been in a well defined upward trend for a number of years now. It is currently making a bullish move and looks set to continue until it hits the next level of resistance at approximately 1.0700: The … Continue reading
Join us at The London Investor Show: FOREX and claim your FREE ticket
We are delighted to invite you to join us at The London Investor Show FOREX – an exciting new one day event created to help you learn everything you need to know about how to become an expert forex trader. … Continue reading