Back on the 24th August I warned of an imminent sell off because the market was resting on some important technical levels. This view turned out to be wrong. The market found support at these levels and has rallied strongly since. So does that mean I have changed my view on the markets and become bullish?
September 21st, 2010 | Murray Dawes | 1 comment | ContinuedAll Posts Tagged With: "trading"
Moral Condemnation for Traders
In the recent copy of Golf Digest, sitting on the coffee table in your editor’s hotel room, we happened on a two page ad for the SPDR Gold Exchange Traded Fund. It’s a pretty add, with lots of gold in it. The headline says, “Gold has a reputation for preserving wealth. Then again, we’re only going back 5,000 years.” There must be a lot of rich golfers out there. Gold made a new high when the December futures contract traded at $1,273.20.
September 15th, 2010 | Dan Denning | 10 comments | Continued
What a Difference a Day Makes
I would expect to see the markets rally for the immediate future now that this level has held, but the 1040 level is the one to watch in the S+P going forward. If the market can’t sustain a rally and tips over to close under this level then I would be lowering my risk exposure to the market.
June 11th, 2010 | Murray Dawes | 2 comments | Continued
How to Setup a Stop Loss for Your Trade
The simple truth is that without a clear idea regarding how to set a stop loss, you are sacrificing your future. A stop loss tells you when to jump ship, and get out of your trade. I’m sure you know this – but have you really applied it? To join the elite inner circle of outrageously successful traders, your first aim must be capital preservation… And this can only be achieved by setting a stop. Read on…
May 4th, 2009 | Louise Bedford | 11 comments | Continued
