Archive for the Spreadbetting Category

The Gold Trade that went wrong earlier this week

The Gold Trade that went wrong earlier this week

[caption id="attachment_7654" align="alignnone" width="601"] 14th January 2013 - Gold Trade[/caption] Earlier this week we sold Gold (those that followed my Tweets would have got this info in realtime). The reason for this was for a couple of reasons.. the underlying trend in the Daily charts as you can see had been down and there was a marked resistance line. One the day that I had shorted this, I could see that the price action had reacted to this line and was starting to move lower. Of cou

January 19, 2013 No Comments Full Story

First Trade of 2013 – EURUSD short

First Trade of 2013 - EURUSD short

So for those who follow my Twitter feed, you'll note that I shorted the Euro (EURUSD) forex pair last night. The reason why I went short was because you can see that the bullish momentum seemed to have come to a halt... no more upwards movement. Then we got this massive bearish pinbar and that was our cue. I only held the trade from last night but as you can see, it fell like a stone. I don't like hard movements like this as it increases the chances of a pullback before a further movement so

January 3, 2013 2 Comments Full Story

Silver Trade – Good time to get out I think

Silver Trade - Good time to get out I think

I entered long silver last night. From the chart, it looked like the price action was retracing before a further move upwards. Something which has been bothering me lately are my exits so I think I am going to open two trades and close one when my usual signals tell me to and then try and hold the other trade for bigger gains. So I was long silver twice at 3243 with a stop at 3194. When I woke up in the morning, the price had bottomed at 3220 and I thought it would then move up. It starte

November 13, 2012 1 Comment Full Story

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