Archive for September, 2013
I was long Crude Oil earlier this week after it had formed a pinbar on a support line as you can see in the above chart. The price action unfortunately has not managed a sustain move upwards. In fact, everytime it has, it has been pushed down. On Friday, the price made another go at heading north but again, got pushed down.
I'm still in my trade and anything could still happen but I'm starting to feel that it's more bearish than bullish particularly after a strong push down when the marke
September 28, 2013
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Did anyone else notice the newest bank on the street? I only noticed the new light blue, blue and dark blue logos of TSB earlier this week, unaware of their official launch from Lloyds to TSB on 9 September 2013. The company uses the TSB brand, which was previously used by the Trustee Savings Bank prior to its merger with Lloyds Bank.
I really like the story book element of this advert, which starts with the roots as the first trustee savings bank established by Reverend Henry Duncan in Dumfr
September 26, 2013
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I just went long on the USDCHF pair... if you click on the picture above, you can see it more clearly. The price has now hit a support line which was a strong base at the beginning of the year. The price had hit this year on a couple of occasions and it's worth a punt!
The negative aspects of the trade is that the price is looking a tad weak and we have gone long as the market is trending lower so we are indeed trading this as a countertrend play.
However, the risk is low.. 30 pips w
September 23, 2013
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