This is an open post for all traders showing how I’m seeing the longer-term charts shape up for some of the major Stock indices. My preferred charts, for the moment, are the DAX and ASX-200 as, to me, both look ripe for opportunity as they both try to nudge up to major resistance levels.
This article is a follow-up to one I wrote about Telstra stock back in June this year. In that article I noted how Telstra looked to be forming a base and had carved out a bullish-reversal Morning Star pattern. It seems this was spot on as the stcok has now gone on to make a […]
Ever since my TC Trial earlier this year my focus on Forex pairs has has narrowed to just a few. My preference has been to focus on the EUR/USD, Gold, EUR/JPY and even the Aussie and Kiwi at times if the conditions are suitable. I was listening to a podcast earlier in the week and […]
The US$ has pushed on higher but I’m not seeing the capitulation with most Forex pairs that you might expect to see under these circumstances; Gold, the EUR/USD, Kiwi, Aussie and Cable are all lower, but not too much. Hence, I’m a bit wary especially seeing that risk appetite was back on with stocks last […]
This post was prompted following my chat with another trader at today’s Sydney ATAA meeting. This guy was keen to LONG Sugar given its current Low near support so I thought I’d check in on a few other commodity Futures charts to see how they’re shaping up against the backdrop of recent Trade War rhetoric. […]