13 Aug 2015 @ 10:20
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 11 “The biggest risk in trading is hubris… This is because being wrong is actually an integral part of success. A successful futures trader makes many more losing trades than winning ones. The key is to recognize and concede the mistakes and cut losses. And ride […]
11 Aug 2015 @ 23:32
Concha shares (
LSE:CHA) have the tendency to continue going north – though in a slow and gradual manner. There is no big momentum in the market but the shares are fairly strong. The ADX period 14 is not above the level 30, confirming the aforementioned low momentum in the market. The ADX DM+ is, however, […]
11 Aug 2015 @ 23:23
Uranium Resources stock (
LSE:URA) is expected to go upward, owing to the Double Bottom Pattern in the market and the current price action. The market reached a floor on April and May 2015 before rising up significantly. At the end of July, it reached another floor, and now the price is taking off. In the […]
09 Aug 2015 @ 23:24
The GBP/USD went bearish last week, breaking southward out of the recent equilibrium phase. The price tested the accumulation territory at 1.5450 and later bounced upward from there. The bias on the market is bearish and it is possible that the accumulation territory would be tested again; it may even be breached to the downside. […]
08 Aug 2015 @ 10:13
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD is now a volatile pair, characterized by serious struggles between bear and bull in the context of a downtrend. The support line at 1.0850 was tested last week, but price could not break it to the downside. For the downtrend trend to continue […]
05 Aug 2015 @ 23:08
“The point [is] that a trader has to master their psychology to allow him or her to take many small losses, trade through drawdowns, and let winners run beyond expectations.” – Markham Gross Some people preach against leverage because of their own faults. They use trading methodologies that ultimately make average losses that are bigger […]
04 Aug 2015 @ 08:23
Clean Air Power stock (
LSE:CAP) now offers an excellent opportunity to buy, owing to the current price action and the situation surrounding the market. Astute buyers may not want to watch the stock as it recovers, garnering massive gains (like thousands of percentage in the months and years to come); they may also want to […]
04 Aug 2015 @ 08:04
Gulf Keystone shares (
LSE:GKP) are now in a dicey situation. The price has been moving sideways for the past several months, trying to consolidate further south. This is currently not a directional market at all; it is a boring market. The butterfly tries to imitate the bird, but it can never be like the bird. […]
03 Aug 2015 @ 00:22
The EUR/JPY was characterized by high volatility last week, swinging higher and lower in the context of an uptrend. The supply zones at 137.50 and 138.00 could be tested this week, though there are also demand zones at 135.50 and 135.00. A movement below the demand zones could result in a bearish bias. EUR/USD: There […]
01 Aug 2015 @ 23:05
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair experienced a great deal of volatility last week. Price went up on Monday, and then dropped seriously from Tuesday to Thursday. On Friday, price spiked upwards and immediately following that, got corrected to the downside. The high volatility and short-term swings in […]