15 Jul 2015 @ 22:34
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 9 “The best strategy loses its effectiveness when you trade from a place of fear.” – Mercedes Oestermann van Essen Name: Lawrence D. Hite Nationality: American Profession: Funds manager, trading systems developer, philanthropist Career: Larry Hite is an award-winning funds manager who’s one of the forefathers […]
15 Jul 2015 @ 09:27
On Monday, July 13th 2015 the announcement of a third Greek bailout initially rallied the Euro, but the optimism was short lived as many doubts and obstacles remain. Over the next few weeks the Greek situation will continue to be front and center. Greek Prime Minister Tsipras needs to convince the Greek people to accept […]
13 Jul 2015 @ 02:23
EURGBP found strong resistance around the 0.7219 level and now it’s performing corrective moves. At H1 chart, we should note the current position where is trading this pair, as it remains above the 200 SMA. The closest support is located at the 0.7166 level and if broken, it would be expected to fall to the […]
12 Jul 2015 @ 23:32
Last week, the EUR/JPY tested the demand zone at 133.50 several times, but it was unable to break it to the downside. From that demand zone, the price skyrocketed by 350 pips, closing around the supply zone at 137.00. Further bullish movement towards the supply zone at 138.00 would result in clean Bullish Confirmation Pattern […]
11 Jul 2015 @ 09:15
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards in the first few days of last week, challenging the support line at 1.0950. From that support line, price went upwards by 250 pips, reaching the resistance line at 1.1200. The upward movement has been a threat to the existing […]
09 Jul 2015 @ 04:23
Apparently, EURUSD gave a good oportunity during this week to look for short trades, after the “NO” Greek referendum victory the last sunday. In a technical view, EURUSD reached the 200 SMA at H1 chart, which is offering dynamic resistance at this stage. However, we could expect more bullish moves towards the resistance zone of […]
08 Jul 2015 @ 11:20
“When I put on a trade, all I expect is that something will happen.” – Mark Douglas With a great interest, I’ve been watching the events in the Eurozone. I didn’t write about Greek debt crisis because I wanted to see how things turned out. Many economists and financial journalists have written interesting articles about […]
07 Jul 2015 @ 08:55
USDJPY = Sell AUDJPY = Sell CADJPY = Sell CHFJPY = Sell EURJPY = Sell GBPJPY = Sell NZDJPY = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]
06 Jul 2015 @ 21:03
GOLD (XAUUSD) Dominant Bias: Bearish Gold remains a bear market, with the price breaking more and more support levels gradually. In this market, occasional rallies should be seen as opportunities to sell short when the price is high in the context of the downtrend. This month, bears would try to target the support levels at […]
06 Jul 2015 @ 11:42
After the Greek voters rejected the terms of the bailout programme on Sunday, market reaction has been more subdued than some may have expected. The referendum results came in with 61.3% voting “No”, versus 38.7% who voted “Yes”. But the big decider could come today at the European Central Bank where the governing council will […]