13 Mar 2014 @ 23:40
“Let’s face facts. Traders with huge trading fortunes only exist because they started doing small things. Once they got the little things right – they catapulted towards success.” – Caroline Stephen Some decades ago, many people went to school to get knowledge. But nowadays, most people go to school so that they can get jobs […]
13 Mar 2014 @ 11:46
The Kiwi remains above the pivot point at the level of 0.8495 and now, the next target is the resistance level of 0.8552. If the pair manages to make a breakout at that level, the next target would be the resistance level of 0.8581. On the other hand, if this pair makes a bearish rebound […]
11 Mar 2014 @ 13:02
EUR/GBP continues to strengthen in the bullish bias and above the 200 SMA. This pair remains above the pivot point at the level of 0.825. Now, if the pair manages to make a breakout on the resistance level of 0.8359, next target would be the resistance level of 0.8383. On the other hand, if the […]
11 Mar 2014 @ 09:20
Instrument: USDJPY Order: No signal Entry date: Entry price: Stop loss: Take profit: Instrument: AUDJPY Order: Buy Entry date: March 10, 2014 Entry price: 93.179 Stop loss: 92.183 Take profit: 95.183 Instrument: CADJPY Order: Buy Entry date: March 10, 2014 Entry price: 92.990 Stop loss: 91.996 Take profit: 94.996 Instrument: CHFJPY Order: No signal Entry […]
10 Mar 2014 @ 14:35
Last week, it was rightly predicted that there would be significant movements on the JPY pairs. The pairs moved significantly upwards, breaching more and more supply levels. There are currently pullbacks in the markets, but the uptrends would continue this week. EUR/USD: After much dithering, this market has been able to bring about an established […]
07 Mar 2014 @ 21:13
Here’s the market outlook for this week: EURUSD Dominant bias: Bullish The weakness in the USD and the stamina in the EUR have caused the price of the EURUSD to result in a Bullish Confirmation Pattern. The price would continue going further upwards – though not without the possibilities of occasional pullbacks. The strong psychological […]
06 Mar 2014 @ 17:26
LEARN FROM THE GENERALS OF THE MARKETS – PART 46 Born in 1969, Jaffray Woodriff is an American trader. He’s CEO of Quantitative Investment Management (QIM), which he co-founded with Michael Geismar in the year 2003. He spent his childhood in Charlottesville, Virginia; and went to the University of Virginia. He largely taught himself the […]
06 Mar 2014 @ 15:45
The AUD/USD has consolidated in bullish bias due to the positive reading of retail sales in Australia last month (1.2% vs 0.5%). Now, the aussie is forming a bullish pattern above the support level of 0.9008. The nearest resistance is located at 0.9032 level. If the pair manages to make a breakout at that level, […]
05 Mar 2014 @ 13:31
EUR/JPY remains above the 200 SMA on the H1 chart. In addition, this pair remains above the pivot point at the level of 140.08, but when it started the Asian session today, the EUR/JPY has been in a bearish intraday trend. If the pair manages to make a breakout to the pivot point, the next […]
04 Mar 2014 @ 18:19
The minor gaps that occurred on the JPY pairs at the beginning of this week mean that significant movements would soon occur on them. EUR/USD: The bias on the EUR/USD is bullish and the price has bounced off the EMA 56, which is acting as a barrier to a further southward movement. The resistance line […]