September 2012
30 Sep This Week’s Swing Trading Round-Up; 30th September 2012
It's been another Manic Week outside of my trading world and thus I've not had as much time as I would have liked to concentrate on some new trades, despite the fact there have been some apparently nice looking set-ups on the charts I have had time to scan through.27 Sep DOW Long Term Channel…. Just An Observation
I drew this channel a couple of years ago, the upper line simply being a mirror of the lower line. It's quite interesting that there appears to be a level of resistance here. Certainly not a solid reason to justify a short position, but an observation...
23 Sep GBP NZD Back On Watch List For Possible Swing Long
GBP:NZD was a potential swing long candidate a couple of Months back and although it rebounded from my "line in the sand" support, it sliced through some quite strong supports on it's journey there so I gave it a miss. One of those failed "supports" was in the 1.9510 area and you can see from the chart below that it failed to provide support in July and again in August.23 Sep This Week’s Swing Trading Round-Up; 22nd September 2012
The Week began with the following thoughts, which were posted on my ADVFN19 Sep EUR GBP; Retrace Or Reversal? Short Position Entered.
Recently I've found it more difficult than ever to establish whether some Markets are showing major trend reversals or sellable/buyable retraces of existing longer term trends. Volumes throughout the Summer across various Markets have been lower than usual and this can make deciphering a trend reversal or retrace even more difficult. There is no holy grail answer, because the action you ultimately take will be based upon17 Sep This Week’s Trading Round-Up 15th September 2012
Apologies for the delay in updating on this Weeks Swing Trades, or, lack of them should I say! The only trade taken this Week was the EUR:AUD short which was unfortunately stopped out. From a news stand point, the decision by the Fed to continue pumping vast amounts of money into the markets with no end date spurred the Euro to continue it's rally in most Euro crosses, and thus due to the low potential reward envisaged on the EUR:AUD short my relatively tight stop loss was taken out to the tune of 100 points.10 Sep Overbought Conditions For Potential EUR:AUD Short
It would be fair to say that the last couple of Months have offered really tough conditions for swing trading, particularly because the day to day chop seen on many markets have made the line between overbought and oversold conditions quite difficult to define due to flat-lining indicators.- 1
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