Those familiar with trend analysis will be aware that trends are often divided into 3 timeframes being short – intermediate – and major: Short Term Trend: is one that consists of each individual candle in the case of an uptrend making a series of higher highs and higher lows. Intermediate Term Trend: is one where …
Category: *Trading Tips
Oct 20
IG Markets Presentation 20.10.2012
This morning I attended the IG Markets seminar where Chris Weston presented the IG market update. To my surprise it was quite interesting and insightful. He showed a chart showing how Gold and the Euro are correlated. Their view is that as soon as the Euro breaches the 1.31 mark Gold will move to a …
Jul 04
How it all unfolded
Following on from the June 4 newsletter, let’s have a look how the double top unfolded in the Dow and the XJO: Dow eventually found support at the 61.8% fib retracement at 12000 ish …
Jun 04
Charts Never Lie
This was my newsletter from May 18, 2012: Hello Traders, Once again it’s been working like clockwork and I hope you all were well prepared with David Hunt’s mass pressure chart in my last newsletter and also Larry Pesavento’s analysis (https://www.tradingpsychology.com.au/category/tradingtips/). Below I will explain how I analysed the market and knew it was time to short like a worldchampion. …
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