03 Aug 2016 @ 09:08
AUS200 Dominant bias: Bullish AUS200 moved north by over 3700 points in July 2016, as it was anticipated. There is a Bullish Confirmation Pattern in the daily and 4-hour charts, emphasizing bulls’ hegemony. In this market, the best trading approach now is to buy short-term pullbacks whenever they happen, providing that a pullback is followed […]
01 Aug 2016 @ 16:00
GOLD (XAUUSD) Dominant Bias: Bullish Gold moved upwards in the first few days of July and then began to consolidate to the downside. The downside consolidated was conspicuous from July 13 to 27. But in the last few trading days, price started moving upwards gradually – an action that saves the current bullish bias in […]
01 Aug 2016 @ 01:35
The USD/CHF went upwards at the beginning of last week, and almost reached the resistance level at 0.9950. From that point, price declined 300 pips, to close at 0.9635 on Friday and below the resistance level at 0.9700. Price is expected to reach the support levels at 0.9650, 0.9600 and 0.9550 this week. The only […]
30 Jul 2016 @ 10:30
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair assumed a bullish journey last week, going upwards 230 pips. Price topped at 1.1195, closing above the support line at 1.1150. There is now a bullish signal in the market, which shows the possibility of price going further upwards. As forecasted in […]
28 Jul 2016 @ 13:24
“One of the best ways to learn about anything is to read about it. Books, articles. Even just marketing pages. Find out what the pros are doing. Find out what’s working for them. And then…” – James Altucher In the last few years I have written three books titled Lessons from Expert Traders (published by […]
26 Jul 2016 @ 04:08
Burberry Group shares (
LSE:BRBY) are a good example of an ideal market for buyers. There is a clean bullish signal in the market and buyers are happy to ride it further north. Price is above the EMA 21 and the Williams % Range period 20 has often remained in the overbought territory. This is a […]
26 Jul 2016 @ 03:57
Petroneft stock (
LSE:PTR) is not very attractive at the present, but a closer look at the market reveals something interesting. Although price has been quite choppy in the last few months, bulls are now showing willingness to push price upwards. The ADX period 14 is at the level 20, meaning that there is little momentum […]
24 Jul 2016 @ 22:50
The Cable traded sideways last week, not going above the distribution territory at 1.3400, nor going below the accumulation territory at 1.2950. This has caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push price above or below the aforementioned accumulation and distribution […]
23 Jul 2016 @ 23:14
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair consolidated to the downside last week, moving south by only 100 pips and closing above the support line at 1.0950 on Friday. There is a “sell” signal in the market and price might test the support lines at 1.0900, 1.0850 and 1.0800 […]
22 Jul 2016 @ 02:42
WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 13 “Writing down a trading plan and sticking to it is the winning trader’s secret weapon. If you create detailed trading plans and manage risk, you will increase your chances of success. Don’t think you need to trade by the seat of your pants. Take […]