Foreign Exchange

“The truly successful traders are incredible discipline fanatics. Presumably, it’s not even enough to be more discipline than the average person. You just need to be in the top 10% group. Self-discipline causes the trader to place certain obligations on himself.” – Christian Lukas Being disciplined enough to do what are rights in the markets […]

EURUSD Primary trend: Bearish Recently, the EURUSD started to experience a kind of negligible reversal in the market. But this seemingly negligible reversal has turned out to be significant enough to render the major bullish outlook useless. Based on what is happening on the chart, long trades are no more useful on this market: short […]

USDCAD: SELL The USDCAD market is currently determined to move southward as the analysis here shows. Following a medium term rally in the month of January 2013, the market began to drop last week – something that was serious enough to cause the price to move below the EMA 56 and closed under it. Around […]

LEARN FROM GENERALS OF THE MARKETS – PART 21 “A Trader’s worth is based on how well he dealt with losing trades.” – Paul Wallace Born on June 25, 1932, Julian Robertson is thought of as a father of hedge funds. He graduated from the University of North Carolina in 1955, and then served as […]

What is the major outlook on the Pound Sterling versus the Euro (FX:GBPEUR)? The major outlook is bearish, and apparently there is no way around this bias, for the bear is in power and the bull is morbidly fearful. The fear of the wolf is what will kill the dog. The downwards trendlines show a […]

EURUSD Primary trend: Bullish The EURUSD was able to break out of its recalcitrant equilibrium zone and traded upwards. The indicators on the chart are now pointing to upwards an upward determination. Having moved by over 100 pips after coming out of its equilibrium zone, the price might reach the resistance lines at 1.3700 and […]

AUDCHF: SELL The price on the AUDCHF is embroiled in some determined bearish outlook as explained below. In the past several weeks, the market was in some clearly defined bullish mode, going upwards (though the upward journey was orchestrated by some temporary pullbacks). For instance, between January 14 to January 18, 2013, the price moved […]

AN INTERVIEW WITH A DOGGED MARKET SPECULATOR There are winning traders who trade simply from the comfort of their home and make money in their living room. I’ve conducted many interviews with lesser-known successful traders in the past. The short piece featured here is another interview with a humble trader. He lives in West Africa. […]

“Until you move out of your comfort zone with anything in life including trading and investing, you will never achieve different results. Start to think a little differently about things and a whole new world of opportunity will open up to you like it did for Gretzky and Jordan.” – Sam Seiden It’s known that […]

“If buying and selling is the only thing we can do, it has to be the only thing we can do wrong. And if problems start to emerge from those basic actions, we had better look into them carefully. Any transaction in financial markets is the consequence of orders being executed.” – Dirk Vandyke   […]