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Tom Underwood

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EURNZD short trade follow up

Jocks in #Technical analysis #Short #Eurnzd

For those of you who participated in my webinar yesterday would have seen me take a live short trade on the EURNZD as all the elements of the trade lined up nicely. For those who are interested in an update and summary of the trade, I will write a conclusive essay here.
Yesterday, price has rallied during the Asian trading session and has pulled itself up to the significant activity zone of 1.5425. This level had acted as a resistance point on the 21 first of January then as price broke through …

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Lets talk about gold

Jocks Posted 11 Feb. as Analysis on XAU/USD, Target: 1147.0000, Date: 1^st of April, 12:00 GMT in #Technical analysis #XAU/USD

Gold is great! It's withstood the test of time, it's pretty, it's undervalued and funnily enough it's probably going to fall even further in price.
For anyone who knows me, knows that I'm very bullish on gold and believe that there will eventually come a time when the purchasing power of gold outstrips any fiat currency.
However if we take a look at the charts we'll see a different story. From November last year to January we saw gold make a 15% rally. The consensus from gold buffs was that gold…

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EURUSD entry signal follow up - Dec 18

Jocks Posted 5 Jan. in #Eurusd #Price Action #Bullish Engulfing #Entry Signal

I previously made a blog post on December 18 showing a possible trade entry set up on the EURUSD after a significant bearish engulfing candle formation formed after Janet Yellen dismissed rumours of a rate hike. Link to the previous post can be found here http://www.dukascopy.com/fxcomm/blog/?action=post-show&post_id=36356.
Entry set up looked liked this
Following up on the original set up we can see that price did indeed have quite a momentous fall after the bullish engulfing formation falling …

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