2 months ago

OIL $75

Following the post on 8/6/2016. The WEEKLY chart of West Texas Intermediate shows a significant head and shoulder pattern, with the current  price range testing the “neckline”. A break of this $50 level could be expected to retest this level on any pull back, this type of pull back should be viewed as a potential long […]

2 months ago

What are PRICE GAPS and how do they provide trading opportunity?

The FP Markets Insight team compiles bite sized strategy insights for our traders. The idea is for you to learn something new and try it in your trading to help refine your skills. This week we focus on trade setups, ‘PRICE GAPS’. Price Gaps appear in the charts in all time frames as a place where “no trading” […]

2 months ago

Why work on the Weekend?

Some Sage advice from Ivan K There are several reasons not to leave a position open over a weekend in most markets.  In FX, one reason is purely financial in as far as the margin requirement to fund that position doubles or more.  As you are probably aware, the margin is set by the ‘broker’ […]

3 months ago

S&P 500 Divergence and Support

The move everyone was waiting for ,,but in the wrong direction. With historically low volatility in the S&P 500 the stock market adage that low volatility leads to high volatility has held true. Commentary surrounded the Index suggesting  it could move either way, and has finally shown its hand. The WEEKLY chart shows the current breakout […]

3 months ago

Trading with the Committee.

  A committee (or “commission”) is a type of small deliberative assembly that is usually intended to remain subordinate to another, larger deliberative assembly—which when organized so that action on committee requires a vote by all its entitled members, is called the committee of the whole. Committees often serve several different functions:   How this […]