Discipline in Trading
The big achievers in life seem to be the most disciplined of people. This is an illusion, and many ordinary people have made a great success out of trading and business with ordinary levels of…
charting
Euro could run above 1.40 against the dollar
All eyes were on the ECB press conference yesterday to see what Mario Draghi had to say and it was during the Q&A that he indicated measures could be taken in June. If they start…
Stock Indices in a Knot Worldwide
The stock indices of the world have been trading in a tight “Knot” for the last 5 months. Those of you who understand the Fibonacci method of predicting levels in the market will see that…
Can the FTSE 100 hit 6,900 points?
…or is the uptrend losing momentum? The FTSE 100 has been on the rise for a couple of weeks now and even though the first leg of this uptrend was expected the continuation above the…
UK FTSE to hit 7000
Despite the frankly disastrous GDP data from the US, the indices and in particular the FTSE remains bullish. It seems almost inevitable that the UK’s main indices will make new highs and hit the 7000…
Head and Shoulders pattern for S&P 500
I have been stalking a head and shoulders pattern in the main market index for the US stock market…The S&P 500. (ETF Proxy – AMEX:SPY) The past few days, the market has retested the prior…
Sell in May….or just go away ?
This well-known adage has been around for a long, long time. Apparently history suggests that the equity markets have been traditionally affected by decreasing volumes and long summer vacation periods causing lethargy in the markets,…
When no trading is the best trading
Sometimes a trader needs to know when not to trade. Knowing when to stay out of the markets is just as important as knowing when to be in. The past few weeks have been quite…
I would bend over backwards to be flexible!
It’s been an interesting week. And one that sends a strong message to all traders, but moreso to those in the retail sector who are trying to understand ‘what’s what’! Certainly one to teach the…
FTSE at pivot point
With no surprises from the B0E of an unchanged base interest rate and holding steady at £375bn of asset re purchase, we find the FTSE at a real key pivot point. On the daily charts…
