Will the fraud ever end? The fraudulent side of forex trading was revealed in recent weeks in just some of the following blogs and articles: Inside the Currency Broiler Rooms, Joshua Brown, The Reformed Broker, April 9. Pitfalls of the Currency Casino, Andrew Bary, Barron’s, April 9. Foreign currency trading is easy – an easy […]
It has nothing to do with Apple as a company! This is my third blog posting about Apple Computer in the past week. The first post suggested strongly a possible top in AAPL. The second post detailed a three-part shorting strategy for AAPL. I executed the first two parts of that shorting strategy last week. […]
The Apple is falling — time for the harvest? I am a trader, not an analyst. Actually, being an analyst is a much harder job. An analyst is pressured to be right. As a trader, I assume I will be wrong 65% of the time. So my job is to find trades with a great […]
Is the Apple about to take a fall from the tree? Summary There are chart patterns…then there are textbook chart patterns. Presently Apple Computer (AAPL) is forming a head and shoulders top that could go into the textbooks as an example of classical charting principles. The daily chart of AAPL exhibits a near-perfect example of […]
The markets, they are a’changin! Electronic exchanges! High volume trading! Mega volume operators! Indicator optimization! Web-based trading platforms! Twenty-four hour markets! A trend by the small speculator toward day trading, especially in the forex markets! Have all these evolutions in the commodity and forex markets from even a decade ago produced changes in the basic […]
After the “wash-out” decline in mid March, the $USDJPY is performing a classic “end-around” pattern. The move back into the 20-week symmetrical triangle in early trading today (Tuesday, Mar. 29) is confirmation that the “end-around” pattern is the correct chart interpretation. The final confirmation of this pattern will be a close above the mid-February high. Support […]
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