13 Jul 2015 @ 08:32
Last week, the EUR/JPY tested the demand zone at 133.50 several times, but it was unable to break it to the downside. From that demand zone, the price skyrocketed by 350 pips, closing around the supply zone at 137.00. Further bullish movement towards the supply zone at 138.00 would result in clean Bullish Confirmation Pattern […]
11 Jul 2015 @ 18:15
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards in the first few days of last week, challenging the support line at 1.0950. From that support line, price went upwards by 250 pips, reaching the resistance line at 1.1200. The upward movement has been a threat to the existing […]
08 Jul 2015 @ 20:20
“When I put on a trade, all I expect is that something will happen.” – Mark Douglas With a great interest, I’ve been watching the events in the Eurozone. I didn’t write about Greek debt crisis because I wanted to see how things turned out. Many economists and financial journalists have written interesting articles about […]
07 Jul 2015 @ 17:55
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 […]
07 Jul 2015 @ 16:22
There is nothing that cannot happen in the market in our favor or against us. Atlas Development shares (
LSE:ADSS) are weak: they have been caught in a long-term, slow and steady downtrend. The market journeyed south from the beginning of this year, and things became really volatile on the months of March to June, forming […]
07 Jul 2015 @ 16:10
It is better for buyers to stay away from Kibo Mining stock (
LSE:KIBO) now, so as to avoid regret. The stock has long been in a perpetual downtrend, for most past of this year. The gap-up that occurred in April 2015 was later filled and the downtrend was resumed. In the chart, 4 EMAs are […]
07 Jul 2015 @ 06:03
GOLD (XAUUSD) Dominant Bias: Bearish Gold remains a bear market, with the price breaking more and more support levels gradually. In this market, occasional rallies should be seen as opportunities to sell short when the price is high in the context of the downtrend. This month, bears would try to target the support levels at […]
06 Jul 2015 @ 08:55
The USD/JPY is currently a market in which short-term traders and scalpers thrive. There have been short-term swings in the market – as the price oscillates between the supply level at 124.00 and the demand level at 122.00. There is a need for a break above the aforementioned supply level or demand level before there […]
04 Jul 2015 @ 17:36
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Current events in the Eurozone will continue to shape the movement of EURUSD and other EUR pairs this week. Last week, price opened with a gap-down of about 200 pips before an upward bounce of over 300 pips occurred on Monday. On Tuesday, price […]
03 Jul 2015 @ 08:36
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 8 “To be successful in the markets, you need to control your emotions and only act rationally. Since we never learned this in school, 90% of the traders and 80% of the investors are losing money.” – Florian Grummes Name: Marc Rivalland Nationality: South Africa, the […]
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