20 Jan 2015 @ 09:23
“It’s futile to call the trade before it happens. One can never know beforehand if a trade is going to be a day trade, a short term trade of days or weeks or a long term trade of weeks up to months. Every trade develops from the embryonic stage of the smallest form on the smallest […]
19 Jan 2015 @ 07:14
The current bullish effort on the USD/JPY is seen as another opportunity to sell short. The supply levels at 118.00 and 118.50 may defend the bearish outlook while there is a possibility that the demand levels at 116.50 and 116.00 could be tested again. EUR/USD: This pair trended downwards by more than 300 pips last […]
18 Jan 2015 @ 04:21
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair moved downwards by over 300 pips last week, reaching a low of 1.1459. There is a strong Bearish Confirmation Pattern in the market and price may test the support line at 1.1450, even if there would be an upwards bounce after that. […]
16 Jan 2015 @ 08:08
AUDCHF = Buy USDCHF = Buy EURCHF = Buy CADCHF = Buy CHFJPY = Sell GBPCHF = Buy NZDCHF = Buy NB: Every trade could be entered with a stop loss of 200 pips and a take profit of 400 pips. Only 1% is risked per trade. With an account balance of $20,000, a position […]
15 Jan 2015 @ 05:47
As a contrarian trader I am always looking for way oversold plays in the market. After last night’s massive sell of in copper during the Asian session the big questions is this: Final spike down, or more substantial downside to come in the not too distant future? When raw fear grips a market investors will […]
14 Jan 2015 @ 20:57
The RBS shares (
LSE:RBS) are currently in a precarious bullish outlook. Large dips in the price have been followed by further northward rallies, and the current dip may also end up allowing more northward trend. Although the EMA 21 is now sloping upwards, the price is currently below it. The Williams’ % Range period 20 […]
14 Jan 2015 @ 20:33
Google stock (
NASDAQ:GOOG) is a bear market and that bearishness is expected to continue for most part of this year. There would be some transitory rallies along the way, which would pave the way for more southerly journey. In the chart, the ADX period 14 is around the level 30, meaning that the current bearish […]
13 Jan 2015 @ 10:29
EURUSD = Buy EURCAD = Buy EURAUD = Buy EURNZD = Buy EURJPY = Buy EURCHF = Buy EURGBP = 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 […]
12 Jan 2015 @ 10:11
The USD/CHF tested the resistance level at 1.0200 vigorously, but it was unable to break it to the upside. There is now a slight dip in the market, but with further strength in the USD, the resistance level could be breached to the upside. On the other hand, there is a possibility that the price […]
11 Jan 2015 @ 09:18
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD assumed its southward journey on January 2, 2015, going further and further south in the following week. Price went below the support line at 1.1800, and then consolidated until the end of the week. There is now a slight rally, which could portend […]
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