08 Nov 2014 @ 20:05
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The outlook on the EURUSD remains bearish as the market dropped below the support line at 1.2400. Since then, the market has bounced upwards a little, closing almost above 1.2450. While the price could hit the support line at 1.2400 again, it is now […]
07 Nov 2014 @ 07:19
Tesla’s results came in yesterday (05 November) for the third quarter of 2014, and they were electric (excuse the pun). Tesla (
NASDAQ:TSLA) shares closed at 230.97, but surged to 246.68 just after 10:00 a.m. this morning EST. The share price has tapered a bit since then. It is currently in a holding pattern around the […]
06 Nov 2014 @ 19:36
“After placing the orders, we leave the rest to the market forces.” – Sam Evans Good traders make a new trade regardless of the outcome of the last trade. However, rookies often allow irrational emotions to guide their actions when they are making trading decisions. Why are some traders always frustrated while others play the […]
06 Nov 2014 @ 09:30
Gulf Keystone shares (
LSE:GKP) have been making commendable effort to go bullish. The price bottomed last month and since then has rallied. It is possible that the rally may be sustained in spite of occasional pullbacks, which are normal. You need to know the historical performances of your trading approach so that you can trade […]
06 Nov 2014 @ 07:47
Wincanton stock (
LSE:WIN) requires only one direction for those who want to survive in that market. The only logical direction is to go long. In spite of the volatility in the market, the trend has been up for several months. The logic to successful trading is to abandon approaches that are not in our best […]
04 Nov 2014 @ 10:58
GOLD (XAUUSD) Dominant Bias: Bearish Gold is a weak market, and it is not advisable to seek long trades in this market, unless everything has gone completely bullish. The market dropped heavily last week, reaching as low as the demand level of 1161.20. There is a strong Bearish Confirmation Pattern in the market and the […]
03 Nov 2014 @ 09:33
The USD/JPY closed at 112.35 on Friday, October 31, 2014. The pair closed on a bullish note, having trended upwards by around 440 pips last week. This is a very strong northward journey that could continue this week. However, the possibility of some transitory pullbacks cannot be ruled out. EUR/USD: This is a bear market, […]
03 Nov 2014 @ 09:27
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a bear market, which continued its bearish trend last week. The bearish trend is expected to continue this week as well, although the possibilities of transitory rallies cannot be ruled out. The support line at 1.2500 has been tested and it would […]
30 Oct 2014 @ 10:12
LEARN FROM THE GENERALS OF THE MARKETS – PART 54 “I’ve found that the more focused I am on trading and living a successful life, the fewer groups I actually fit into.” – Louise Bedford Kenneth Griffin was born in 1968, Florida, USA. He’s an American trader and funds manager. He attended Boca Raton Community […]
29 Oct 2014 @ 10:56
USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = 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 […]
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