There have been two nice support plays in $GBPUSD in last ten days. The key was knowing where to draw your support zone (previous tight consolidations which preceded a fast move). The profit targets were at the previous resistance zones (the source of the sell offs). The first trade gave profit of close to 170pips [...]

AAPL sold off very sharply into a prior support zone last Friday (see the 240min chart below). Near to the close on Friday, AAPL was very oversold and coupled with the fact it was at the support zone, it made a long trade a low risk trade. The key was to scale into it – [...]

The Aussie Dollar currency continues to weaken against the US Dollar and is currently bearing down on strong support levels. Following the strong aussie rally at the start of the year the double top in February stopped the upside momentum in its tracks and since then we have made a series of lower low and [...]

The Solas M Series Global Portfolio posted a very impressive performance in the 1st Quarter 2012. Boosted by a strong start to the equities market the portfolio exhibited strong profitability consistency across the trend following and mean reversion strategies employed. Working off the base 0.50% risk per trade the portfolio returned 11.0% over Q1. For [...]

Is the Silver juggernaut on the move again? Silver futures prices surged a whopping 177% in an 9mth period from Aug 2010 to Apr 2011 before coming off the tracks and giving up 80% of the advance over the next 8 mths through to the end of 2011. Having rallied 41% off the December lows [...]

SPY generated an exit signal on the Solas Swing Trading software following yesterday’s upside rally. The latest long swing trade occurred in the shallow pullback S1 strategy and took only 1-day to play out as the market recovered from Wednesday’s pullback in price action to forge new ytd highs and with it an exit signal into momentum. The [...]

Having only exited a profitable 1 month trade to the long side on the Solas M Series Portfolio on Tuesday the EURUSD has quickly resumed its longer term downside weakness as Eurozone concerns once again make the headlines. For much of the second half of 2011 the Euro was under sustained downside pressure owing to [...]

The star performer in the Solas M Series Portfolio year to date is without doubt the India Earnings ETF (EPI). Following a 40% falloff from the $26.00 2011 highs in April of last year this instrument found a base at the end of 2011 above the $15.00 level. After initial consolidation at the lows the [...]

The track record of most succesful hedge funds suggests that systematic trading out performs discretionary trading over the long run. The difficulty with discretionary trading as we have discussed in prior articles is that it’s hard to repeat the trading process consistently. Traders who have tried to implement a trading system will confirm it takes [...]

The Solas Swing Trading Software had an excellent start to the year tracking the select FTSE100 stocks with all 5 strategies ending the month in positive territory. The strategy posted a very impressive 72% consistency with 61 winners out of 85 trades, 9 of which remain open. The shallow pullback S1 & S3 strategies were [...]