Deutsche Bank (DB) and Twitter (TWTR) are setting up with similar chart patterns and both are sitting under $20 resistance. Here is what I’m looking for if any mean reversion activity kicks in.
The US$ has pulled back a bit which helped to trigger some great EUR-based trend line breakout trades over the last session. I’m hoping the TC Trial participants made some hay out of these great moves.
The lack of economic news has translated into little movement with most currency pairs on my radar. There were a couple of great TC 15 min signals during the Asian session though; one on Silver for 4R and another on the ASX-200 for 6R but, apart from that, most technical patterns on other currency pairs […]
I’ve applied my TC trading template to some stock charts on MT4 and have found this to be a useful trading tool for this instrument as well. The advantage being with stocks, of course, is that the moves are usually generated over a longer time frame. The percentage returns need to be considered from the […]
Gold has moved above a 6-year bear trend line and looks to be making a bullish breakout. However, traders need to watch to see if there is a weekly close and hold above this trend line to support a breakout thesis. In this post I review the charts of Gold, some ETFs and Gold stocks.