Welcome to this trading blog. The purpose of this blog will be to highlight simple trading setups and concepts which will hopefully help to increase account balance, minimise stress (due to trading) and make us all better traders. I only look at higher timeframes (1 HOUR AND ABOVE) and as such am able to walk away from my computer screen i.e 'set-n-forget'. I am also a believer in the KISS (Keep It Stupidly Simple) principle and try to apply this to my trading using simple concepts e.g. divergence, minimal number of indicators, confluence of factors, and most importantly PRICE ACTION.
Hope you all enjoy it.

14 November 2010

The Name is BOND...T-BOND

Hi

Just want to bring to focus the 30Year T-Bond chart which shows good shorting opportunities on both the daily/weekly charts as evidenced by the following:

1. 123 Reversal on both charts
2. Double top pattern
3. Trendline break          
4. EMA (8,21) dead cross on the daily chart

Cheers
Posted by Ayo Odunuga at 19:09

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