This is just for learning purpose. If you look at all those arrows ive put on this chart you can see that the price was held by this strong resistance   Now the price has broken above that resistance level and should be a good support for this share if the price comes back down to it.If you look at the chart then you can also see that the share has gapped up today. Since this share has broken out of resistance it just motored on. This has been motoring since the low on 13th nov. At these levels you should not be looking to buy really as its in no mans land. If you were interested in this share then you would look to buy at support only and the nearest good support is at the breakout point.Now im gonna make some assumptions . Obviously thats all it is but...

 Heres some interesting charts that i came across on the ftse 350 today. This is just a brief description   Astrazenica:AZN.L Good level to go short on this on first attempt basis is 3055 with tight stops       British American Tobacco: BATS.L If you look carefully you should be able to see the right shoulder forming on a Head and Shoulder formation. Is this signalling a top maybe forming???     Homeserve:HSV.L Assending Triangle. This is getting close to the apex now so a breakout may be near.   IMI PLC:IMI.L  Is that a double top ??? Wait for the lower low . or better still the 123 high    Johnson Matthew: JMAT.L A very rare pattern is forming on this,The Diamond pattern. A breakout ether way should yield big profits.     Kingfisher:KGF.L Symmetrical Triangle  Land security:LAND.L Shooting star right at resistance followed by entry half way up...

Tullow Oil This has had a Head and shoulders breakout recently.     This also had the classic back test which was respected. This was a sign of weakness as a confirmation is never a   Good sign. For the head and shoulders to be void Tullow oil has to break above 1300.   This share was tipped on chartsview forum with a short recommendation when the back test was happening. At the back test there was a shooting star and the signal to go short happened the following day with the price going   Halfway up the shooting star. Stops then would have been above the shooting star. This was the second short attempt at   This level as the first attempt failed on the initial back test as the level for the stop got breached. Then the   Shooting star formed which gave us a signal to look too...

This blog is basically an overview and update on my experience of using the inside-bar trading system, which I have been using for the past two months.  I am very new to trading and wanted to try out a trading system rather than trade on my own.  There are many trading systems out there so it was hard to decide which one to go for initially.  However, I wanted to try one that was simple, easy to follow and one that wouldn't take up too much of my time and these are the reasons why I chose to do the inside-bar trading system.     This system basically involves looking for an inside-bar, which is a bar contained within another bar or candle.  Once you find one you then look at the 21(EMA) moving average, if the average is pointing up you would go long about 3-5 pips above the high...

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...