Glencore is heading towards the main down trend line. If this can finish above this then prices should go higher.It will signal an end to the down turn in Glencore shares . Glen has been in a bear trend since it floated on the ftse100 so this trend line will be very important for this share to go higher. This has to finish above this trend line on an end of day basis for higher prices to follow. The real test will be if this can finish above the Psychological level of 400.Clearing 400 will also be the first true higher high since floating.So next week should be interesting for this company.Its had minor higher highs but the 400 level is in my opinion the one that needs to be broken.Its a significant high so hense why i give it importance.     Ill try and put interesting charts up every...

Recent Tips on ChartsView Update Fresnillo: FRES.L This was tipped on the 28thnov  for a short. The entry would have been half way up the shooting star with a stop above. Entry 2004 Stop above 2033   https://dl.dropbox.com/u/4899609/fres27thnov.png This is where it is now This is currently 145 points in profit so should be a free trade. https://dl.dropbox.com/u/4899609/fres29th%20dec.png Randgold Resources :RRS.L This was tipped as a short on 13th nov with a rounded top formation and a trend line break and a gap down. Target was 1100 points lower https://dl.dropbox.com/u/4899609/rand13thnov.png  This is where it is today This is currently 800 points in profit so now is a free trade https://dl.dropbox.com/u/4899609/rrs29thdec.png  Tullett Prebon : TLPR.L This was recommended  by  board  member  ftse80 a few weeks earlier. This was tipped on 11th dec with a 123 low breakout.So a Buy.The breakout point was 229 Stop below the 2 point on the 123 low...

Nothing beats manual scans.Scans from a charting software also work if your looking for a particular type of pattern.To look through the ftse100 companies manually takes me about 5-10 mins.The reason i can do it so quickly is down to my software i use(metastock)and also my knowledge Metastock stores every change you do on a chart automatically. So if i drew a trend line it will always be there until i remove it.Same for support and resistance lines.So any thing i draw will automatically be saved on a live chart. This is a great feature as i dont have to save a watchlist as such.So if i manually go through the ftse 100 companies i dont have to keep drawing the trend lines as they will already be drawn so i can tell when a company is approaching a trend line if i manually scan every day.This is the main reason i...

Petrol Price Rip-off and Running our Economy  This is the chart of Crude oil price at the highest it's ever been $147.27 per barrel:   This is the UK average price of petrol at the time of the highest crude oil price: £1.195 per litre.  This is the chart of Crude oil today at $85 per barrel: This is the UK average price of petrol today: £1.35 per litre So my point is, Why are the British public being robbed in pure day light????Why don't the media comment on this???? I suspect that the media is in the hands of the government. My point is that the media are being controlled, why don't they report such a blatant robbery? Their editors are probably in the hands of the governments, nothing new there then. This is most likely the case wherever you are in the world and whatever party is in charge....

This is something that I have created for my style of trading. The idea being that if you know of a strong Resistance area or Support Then I would place my shorts or Longs at that exact level. This method can be going against the trend some times. For shorting (betting down), I would take out shorts at known resistance levels. Not just any resistance level. The level should be an important level and not just a conventional resistance. It should be a trend line or gaps or the level should have 2 or more resistance levels converging. The more the better See example below: The idea being that you're respecting the resistance or support level. You're basically placing your trade where all the smart money is lined up. At a good resistance level there will be a lot of people closing or taking profits at that area. It's using technicals...