Morton Equities

Will GBPJPY drop to 143.3?

stephen — Tue, 15 Dec 2009 01:11:50 +0000

Currently trading 144.45 with a downward trend. Expected high has just been hit (144.5). Expecting the newly created bearish channel to now continue to 143.35. We placed this trade lastnight at 143.85 (sell) with s/l at 144.9 and t/p at 143.35.

Sam Seiden Training Videos on fxstreet.com

stephen — Mon, 14 Dec 2009 03:31:05 +0000

Sam Seiden from the Online Trading Academy has posted some fantastic trading videos on fxstreet.com

Sam’s videos on fxstreet are located here

Sam uses a simple trading strategy, that I have adopted with good success.

EURCHF to drop to 1.507

stephen — Mon, 14 Dec 2009 01:45:16 +0000

Currently trading at 1.512 with a continuing downward trend. Although choppy currently, we would expect this pair to move to early December lows of 1.507.

GBPCHF to drop to 1.6640

stephen — Mon, 14 Dec 2009 00:16:35 +0000

GBPCHF has a downward trend developing. Expect it to drop to 1.6640 (currently trading at 1.677).

Is NZDUSD going to go Up or Down this week?

stephen — Sun, 13 Dec 2009 23:30:26 +0000

Currently NZDUSD is trading sideways, and with a new downward trend developing. We expect NZDUSD to drop over the coming week. Currently NZDUSD is trading at 0.724, our expectation is that it will drop to 0.7070

Is GBPUSD going to go up or down this week?

stephen — Sun, 13 Dec 2009 23:27:04 +0000

Our bias is to Up, however, currently this pair is trading sideways. Our expectation is that it should go up to 1.6650 (currently trading at 1.622)

Trading Tip Number 1

admin — Sun, 13 Dec 2009 13:35:00 +0000

Here’s a simple trading system using only a 50 or 20 Moving Average (Exponential biased if you like) and a stochastic or CCI oscillator as it’s signal.

In an uptrend – defined by MA(E) 20 or 50 take only oversold reading (from an oscillator such as CCI or Stochastic) as a buy signal (can use the next overbought reading as a stop of trade if you like)

In a downtrend – defined by MA(E) 20 or 50 take only overbought readings as a sell signal (can use the next oversold reading as a stop of trade if you like)

USDCAD looking for a drop to 1.03

admin — Sun, 13 Dec 2009 13:34:36 +0000

After some intense rallying last week up to 1.084, usdcad is again continuing it’s downtrend (visible on the hourly chart) to the 1.03 support region.

Last weeks rally up was aided by better than expected US data. This weeks continuation of the down trend has been driven by strong cad data as well as an increase in Oil demand (of which cad is a big producer).

While 1.05 is not passed, we expect this pair to remain bearish until yearly lows are hit at approx 1.03 region.

Welcome to Morton Equities

admin — Sat, 12 Dec 2009 06:48:37 +0000

Welcome to our New Website for Morton Equities. We’ve decided to make it pretty simple. We will also be using it to collaborate internally.

Morton Equities is a Private Equity Firm based in Sydney NSW Australia.