05 Feb 2015 @ 22:06
“Traders produce success, trading systems do not!” – Dr. Van K. Tharp Have you ever felt as I did when I was a novice? Sometimes trading turns out to be a far cry from our dreams. Painful results can seem to drag on endlessly, and it can be hard to see a way out or […]
05 Feb 2015 @ 00:52
The AUDUSD continues to battle with the resistance offered by the daily pivot point level of 0.8171. At the moment, we could see a retracement until the support level of 0.8136, but the bears could take the control of the situation in the near time, as the 200 SMA is bearish. By the other side, […]
03 Feb 2015 @ 23:18
USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = Buy 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 […]
03 Feb 2015 @ 00:40
The EURJPY remains bearish at the H1 chart, below the 200 SMA, that is also pointing to the downwards. Currently, the pair is looking to consolidate below the daily pivot point level of 133.06, as the EURJPY is still bearish, because the 200 SMA has acted as a strong dynamic resistance zone during the bearish […]
02 Feb 2015 @ 23:39
GOLD (XAUUSD) Dominant Bias: Bullish Gold went upwards last month, topping at 1307.35. After this, price began to trend lower around the end of that month, resulting in a serious threat to the existing bullish bias. There is a need for Gold to break the last month high to the upside, while trading further northwards […]
02 Feb 2015 @ 00:47
The EUR/JPY made a noteworthy effort to rally in the context of a downtrend, but the overall bias remains bearish. Only a movement above the supply zone at 135.00 can render this bias invalid. Otherwise, further southerly journey is expected this week. EUR/USD: This pair moved upwards last week and later consolidated till the end […]
31 Jan 2015 @ 11:59
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The outlook on this market remains bearish. Price made serious bullish attempts, reaching the resistance line at 1.1400 and then consolidated till the end of last week; all in the context of a downtrend. This week, the downward trend can continue, enabling price to […]
29 Jan 2015 @ 12:13
LEARN FROM THE GENERALS OF THE MARKETS – PART 59 “To me, the freedom to be able to work when and where I want to is even more important than the money. This freedom is, of course, easy to attain by working as a trader.” – Ruediger Born Daniel S. Loeb was born in December […]
29 Jan 2015 @ 03:17
The bearish bias is still building the road of the EURGBP, as this pair is currently consolidating below the daily pivot point level of 0.7464. In the downside road, the next target could be the support level of 0.7433 and if the EURGBP does a breakout on that zone, it would be expected to fall […]
28 Jan 2015 @ 12:18
A blind man with a stick can see that Europe is a mess. The present global chaos cycle which is reaching its climax in the coming years is bringing everything to the surface that has reached the end of its life cycle. This is an unpalatable fact we all have to learn to live with […]