Monday, 14 April 2014



Home Afrika Ltd
Source: www.live.mystocks.co.ke/stock=HAFR
Sat, 12 Apr 2014 12:43:19 +0300

A Falling Wedge looks like an elongated triangle that slopes downwards with the price spiralling lower between two converging trendlines. It is usually found in uptrends as a continuation pattern that slopes agains the prevailing trend. Sometimes, the falling wedge may materialize at the end of a prolonged downtrend where it can act as a reversal pattern. Volume decreases during the formation of the wedge and should expand on the breakout.

Profit Target - can be measured by adding the width at the top of the pattern to the point of breakout.

Example – On the weekly chart of Home Africa

Trading Tip - A Falling Wedge may be traded as a reversal pattern but leads to much better trades as a continuation pattern that forms on a decrease in volume in well established uptrends where it can mark the halfway point of a major move.

Monday, 31 March 2014

CRUDE

Selling here for move below 100 based on fundamentals and technicals

Thursday, 27 March 2014

S&P500

Anticipating decline in the index given the technical picture. Break of 1841 could see us retest 1800 lows. There was talk yesterday of large institutional sales going through the market.

NZDUSD

Sold some at 8665 here. Target open. The move feels over-extended

Wednesday, 26 March 2014

EURUSD

First time I saw this chart I thought it was the crude/brent spread charts. But its a clear picture of the divergence between interest and eurusd spot. The friend who sent it to me expects the spread to narrow which would see eurusd fall significantly, but that the theoretical part. The romp since Monday is narrowing and we are seeing less and less rise in the value. There are strong bids in the market at 1.3710 and offers at 1.3880

THE RUSSIAN RIGHT ON SCHEDULE!

They never seem to disappoint, our usual romp right on schedule and ongoing, eurusd jumped. Yen got bought, but should start getting sold off once the Russian is done dumping some dollars in the market.

EURJPY

Time for the romp? Its been left behind, all other yen pairs up. We need the Russian to show up :-)

GOLD

Fell according to schedule. Expecting the bids here at 1300 to provide higher entries for shorts, should they not hold, expect it to slip to 1280/60 area

GOLD

Gold looking to test bids at $1300, still overral bearish on gold, have reduced my oil shorts given the recent lower time frames price action. Gold fall should support yen crosses.

CRUDE OIL

Has a short-term top in place. Yesterday oil reports showed that indeed Iran had increased its oil supply in the market. Candle stick patterns on the daily indicative of a bearish day today.