Chart signals – Weds, April 1

Asia Pacific indices Australia 200 continues to  bounce around between 5,790 Fibonacci support and 6,000 round number and double top resistance. Currently index trading in the 5,850 to 5,880 zone. Japan 225 was knocked back from 19,600 resistance toward 19,100 before rebounding back up toward 19,275. RSI falling toward 50 indicates momentum downshifting from upward […]

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Five Minutes Trading – High Note #5madt #forex

The Five Minute a Day Trading strategy month of March finished with a win and banking 30 pips. Unfortunately, this is too little, too late, and the month finishes down 119 pips – the worst result so far from six 5madt trading months. It’s been a frustrating month, with many near misses. I’ll be checking […]

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Five Minutes Trading – No #5madt #forex

Another stop puts the Five Minutes a Day Trading month of March into last place of the six campaigns so far, with the strategy down 149 points. Last trade tonight, and we put this month’s experience behind us. Please note – due to the start of daylight savings in Europe, today’s reference price is set […]

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Chart Signals – Tuesday, March 31

Asia Pacific indices Australia 200 has started to rebound after finding support near 5,830. Back above 5,900 another run at the 6,000 round number appears possible which could end in a triple top or a breakout. RSI holding 50 indicates underlying uptrend remains intact. Japan 225 is on the rise again, trading back above 19,600 […]

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Five Minutes Trading – Prices – Day 21

Second last day in the Five Minutes a Day Trading campaign month of March: You can read more about the five minutes a day trading strategy here, or watch the video presentation here.

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Five Minutes Trading – the Picture #5madt #forex

Another stop out on Friday night, guaranteeing the worst result for a Five Minute a Day Trading strategy month so far. The number of near misses continues to rise: It’s said a picture is worth a thousand words – which is just as well, as I’m close to speechless after the run of near misses. […]

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Five Minutes Trading – Prices – Day 20

Today’s potential trades: You can read more about the five minutes a day trading strategy here, or watch the video presentation here.

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Pacing the Peso

Many traders will refuse an each way bet. That is, if a trade goes against them, they won’t reverse and go in the new direction. Usually this is a result of at least one painful “whipsawing” as an inexperienced trader. Yet experienced traders know when to break the rules,, and the Mexican peso’s positioning at […]

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Five Minutes Trading – Breathe #5madt #forex

It’s easy to understand why traders are prone to paranoia: If I didn’t know better, I’d say the market was out to get me. It’s not- this is a trader’s lot. The important thing is to stay on balance, remaining calm about what can seem the grossly unfair nature of markets. So, its time for […]

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Chart Signals – Friday, March 27

Asia Pacific indices Australia 200 is coming under pressure, taking out 5,930 and 5,900 as its correction deepens following a double top. RSI testing 50 where a break would confirm a downturn. Next potential support near 5,790 a 23% Fibonacci retracement level. Japan 225 is breaking down today. Having encountered resistance near 19,800 it has […]

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