Technical Report: In an ‘Inside Day’ pattern similar with the one we saw 3 weeks ago oil market retraced and the crude erased most of the previous day’s rally. The important feature was that just like before we broke below the 9 day and 14 day ...

Oil Trades and outlook

At the moment I see longs are the way to go based on 1hr charts. So, I have set a buy at 148.50 to ride up IF we have a good Dow open. Looks like we will get a Gann cross as well and but just giving it a bit of room. PLenty of headroom to get to 156 ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thanks Karmo - that was the only logical thing I could think of - but the YM bit I hadnt seen before. I see 8500 as pretty key as I also trade Oil extensivley. I f we do 8500 then I expect Brent to hit $55pb and if OPEC or the Saudi's cut production ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Sorry - YM ? being a bit dim today.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Update 24th Nov 08 — A late post as I had connection problems Technical Report: Friday’s trading activity once again established fresh lows continuing to add momentum to this relentless down trend. As we mentioned in the last ‘Oil Comment’ ...

Oil Trades and outlook

We see so many different nationalities and cultures on here and its fantastic. We all get along, help each , share informations and support each other. What a shame that we all have Politicians who can F*ck it up for us !

Auslanco - GBP/JPY and GBP/USD (newstrade)

HELP — Anyone of a techy nature. I have been using MT4 for a couple of years now and have a fair understanding. I am using it on Build 220 on Vista. Everytime I try to load the template I get a critical error and the application closes. Any ...

THV system, final edition

Update 21st Nov 08 — Technical Report: As we said yesterday, something had to give, and it was no surprise to see it was the $50.60 support level considering the bearishness of the current chart. This downtrend has provided us with small ...

Oil Trades and outlook

Update 20th Nov 08 — Technical Report: We have reached the point on the chart where something has got to give. The market bounced off the important $50.60 low yesterday forming a double bottom but once again failed to rally above the downtrend ...

Oil Trades and outlook

We are dithering around the $50 level and its a very strong psychological support point. If we break this I can certainly see a relativley quick fall to the next level of $40pb. A lot also depends on just how much the OPEC countries decide to cut ...

Oil Trades and outlook

Update 19th Nov 08 — Technical Report: We saw one of the smallest daily ranges for a while yesterday, under $2. With the 9 day moving average and the downtrend line joining forces to be resistance at the same level throughout this week a lid ...

Oil Trades and outlook

Update 17th Nov 08 — Technical Report: While Thursday’s ‘Doji’ gave a boost to prices on Friday, they ran out of steam on the downtrend line suggesting that the trend is very much in tact and rallies will continue to be sold at relevant ...

Oil Trades and outlook

Update 13th Nov 08 9.00 GMT — It was no surprise to see a large fall yesterday as the market dropped out of the consolidation period of the previous two weeks where it tried, and failed, to stage a recovery. A close today below the opening ...

Oil Trades and outlook

Update 12th No 08 — Crude made new lows in yeserdays trading session and very important it setled lower t hus giving us the bearish signal. So after a period of consolidation when the 9 and 14 day moving averages were about to cross the new ...

Oil Trades and outlook

Oil Update 10th nov — Probably the most significant feature of Friday’s activity was t he fact that we didn’t make a new low at the end of the week. The ‘Inside Day’ had half the range of the previous day but failed to challenge the lows ...

Oil Trades and outlook

I will be away next week — I will be away in Mumbai next week w.c mon 3rd Nov so may not get chance to do updates as often - so they may be somewhat sporadic.

Oil Trades and outlook

I think in 18 months I have only had 2 outages of any kind, on one that slipped they made up by offering better prices and tighter spreads to compensate for their error - now, would FXCM do that? I dont think so. ODL also have a spread account as ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Update Friday 31st October — As I mentioned yesterday, for the short term rally to continue it needed a convincing break above the 14 day moving average, and it failed to do this. The subsequence was a drop back down below the 9 day moving ...

Oil Trades and outlook

Me too with ODL, great company, good fills, few spikes, no SL hunting - cannot complain after 18 months with them.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Interesting, a friend of mine got into fX last year with £3k, at the end of the first month he had £35k - it was soooooo easy. So he upped his stake per pip and lost £35k in a month. Convinced he knew what he was doing he invested another £5k - lost ...

Auslanco - GBP/JPY and GBP/USD (newstrade)