07 Jul 2016 @ 23:32
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 […]
03 Jul 2016 @ 22:35
The USD/CHF made a faint bullish effort last week, testing the resistance line at 0.9800, after which price bent downwards in a slight bearish correction. There is a precarious bullish signal in the 4-hour chart, but price needs to go further upwards so that the bullish signal can continue to be valid. A continuous bearish […]
02 Jul 2016 @ 21:38
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair moved upwards 150 pips last week, testing the resistance line at 1.1150, in the context of a downtrend. The outlook on EURUSD remains bearish for this week. For the outlook to turn bullish, price needs to go upwards by at least, 300 […]
30 Jun 2016 @ 11:19
“If you can trade like a hedge fund without investing in one, you can replicate their big wins without having to pay their huge fees.” – James Altucher In the first part of the article in this series, I mentioned that Mr. Caleb (a former trainee), who’s found his edge in the market, was interviewed. […]
26 Jun 2016 @ 22:19
On Friday, June 24, 2016, the EU/JPY experienced its strongest bearish movement this year. Price dropped by 1200 pips, reaching the low of 109.57. Price later performed a 450-pip bullish correction, later closing at 113.48 that Friday. The outlook on JPY pairs is bearish, and further movement to the south is expected this week, which […]
25 Jun 2016 @ 09:50
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair tested the resistance line at 1.1400, and went above it briefly. Price could not stay above that resistance line: It tumbled by 500 pips before a 200-pip bullish correction occurred on Friday. The bias is bearish, and further bearish movement is possible, […]
24 Jun 2016 @ 09:29
GBP Pairs GBPAUD = Buy GBPUSD = Buy EURGBP = Sell GBPJPY = Buy GBPCHF = Buy GBPCAD = Buy GBPNZD = Buy JPY Pairs USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = Buy NB: Every trade could be entered with a stop […]
20 Jun 2016 @ 09:05
As it was anticipated, the EUR/JPY dropped 460 pips last week, reaching a low of 115.49, and a high of 120.31. The upward attempt that was later seen last week could proffer an opportunity to sell short at better prices, because the market might test the demand zones at 117.00, 116.00 and 115.00. The demand […]
18 Jun 2016 @ 10:06
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral All bearish pulls EURUSD experienced last week were rendered useless by bullish effort. Price did not go above the resistance line at 1.1300 last week; nor did it stay below the support line at 1.1150. The impasse between bulls and bears has enforced the […]
16 Jun 2016 @ 09:00
“What matters is your ability to pick up the flying gobs of money whizzing past your ears in the financial markets money storm.” – Louise Bedford Originally, I planned to post an article titled: “Difficult Markets Produce Fine Results – Part 2.” But I can see that the media are making noises about the coming […]