Gold and Silver have both had the best week for some time and both printed bullish engulfing candles last week. Both metals have now also bounced off major fib retrace levels from their last major swing highs. I thought I’d look to see how some of their stocks and ETFs are going. These seem to need […]
Friday 10/8 (4 pm) Poor data out of China has sent the Aussie pairs down today. The big move has triggered a TS short signal on the A/U and one is trying to form on the A/J. The USDX has yet to get over its resistance levels though: Friday 10/8 (11 am) The USDX is […]
I often mention the concepts of ‘risk on’ and ‘risk off’ approach to trading and ‘correlation of FX pairs’ throughout posts on this blog site. Dean Malone, from Compass FX, has recently posted 2 videos that deal with these subjects. I have advised him that I have quoted these on my site and he is […]
My TradeSpotting (TS) system is also useful for directional trading of stocks and options using daily and weekly charts. The TS system provides entry signals to either buy (go Long) or sell (go short) with either stock or option purchases. Whilst I am happy to buy certain stocks, I do not like to short sell stocks. My […]