Technical Analysis

AUDJPY = Buy AUDUSD = Buy EURAUD = Sell AUDCAD = Buy AUDCHF = Buy GBPAUD = Sell AUDNZD = 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 […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 14 “Most traders will quit and stay away from trading after blowing up a few trading accounts. But those with grit will constantly reflect upon their actions and seek to better themselves, which separates the winners from the losers.” – Rayner Teo Name: Martin Schwartz Year […]

Oxus Gold stock (LSE:OXS) is now rated a buy because of the current bullish price action. The breakout that has been performed this month can still be sustained in spite of the correction that is currently happening. We cannot enter a market simply because of a strong volume. There are other factors to be considered. […]

Gulf Keystone shares (LSE:GKP) are making noteworthy attempts to go up. The price dived further in August 2015, but it later rose before the end of that month. In September there was easement in the bullish effort; but right now, the price is making some bullish effort against all odds. What is the result of […]

The USD/CHF performed a large pullback on Friday, in the context of an uptrend. Unless the price goes below the support level at 0.9600, the pullback would proffer a wonderful opportunity to go long at a better price. The resistance level at 0.9800 could be tested this week, but a strong buying pressure is required […]

NZDUSD = Buy NZDJPY = Buy NZDCAD = Buy NZDCHF = Buy EURNZD = Sell GBPNZD = Sell AUDNZD = 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 […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been trending downwards for several weeks, with intermittent rallies along the way. The intermittent rallies were sometimes strong enough to threaten the existing bearish bias in the short term. On October 2, 2015, price spiked upwards seriously, threatening the existing bearish bias again; but the bias would not […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD was volatile for most past of last week, and there is not yet a strong directional movement, though the bias is bearish. Even the bullish breakout that was performed on Friday could prove to be a false breakout unless the resistance lines at […]

EURGBP has been performing a bullish consolidation above the 0.7384 support zone, after a rebound made around the 200 SMA territory. At H1 chart we should note the current upside moves held by this pair, after some deeper corrections from the pullback made around the resistance level of 0.7427. We’re seeing a higher high pattern […]

“You can’t congratulate yourself on your wins. Just like you can’t despair over your losses. Success is not one event. Too many one-hit wonders realized this too late.” – James Altucher This article was written with traders who control their risk and follow sound trading plans in mind. Controlling one’s risk and following sound trading […]