Jan 20 2013 @ 09:03
TREND FOLLOWING IT IS! “The trending market is an ideal market to trade and make money. What trend following is not is prediction or forecasting about how the markets will go. Trend following is based on reacting to price, price and again, price. It is not based on trying to predict price directions.” – Michael […]
Jan 14 2013 @ 13:31
EURUSD Primary trend: Bullish The pair moved up by more than 300 pips last week (January 7 – 11, 2013). All technical indicators that are put on this chart shows bullish confirmation pattern. The bullish scenario is expected to continue this week. Though there could be some pullbacks in the near-term, the next price target […]
Jan 08 2013 @ 18:13
CHFJPY: SELL In the past few weeks, the CHFJPY cross was in an overall bullish mode. Just above the price zone of 95.50, and before the price could get to the supply zone of 96.00, further bullish bias was rejected. From this phase, the price nosedived by around 150 pips (though not without some intermittent […]
Jan 07 2013 @ 06:17
EURUSD Primary trend: Bullish The EURUSD has been in a moderate bullish mode – save for the last bearish week (December 31, 2012 – January 4, 2013). Really the moderate bullish outlook still has much room to go, but there would be some serious short-term and medium term pullbacks along the way. These pullbacks could […]
Jan 05 2013 @ 14:31
Mark Joseph Carney is an economic giant who’s now constantly making headlines. Even his critics can’t deny his achievements. Meet the Economic Giant Mark was born in March 16, 1965. He was educated at Francis Xavier High School in Edmonton, Harvard University, St Peter’s College, Oxford and, Nuffield College, Oxford (bagging a PhD in economics […]
Jan 03 2013 @ 04:44
EURGBP: SELL There is a Bearish Confirmation Pattern on the EURGBP chart as this analysis shows. 2 indicators are used (coupled with price action): the Simple Moving Average (SMA) period 21 and the Relative Strength Index (RSI) period 20. The price had been going upwards until the last week. The horizontal red line at the […]
Jan 02 2013 @ 10:48
The Japanese yen fell to an 18-month low against the euro after the US House of Representatives voted in favour of measures to avert a series of tax-rises and spending cuts, known collectively as the fiscal cliff. After the vote was announced the euro soon rose to 115.995 yen. This was followed by the USD […]
Dec 01 2012 @ 14:21
LEARN FROM GENERALS OF THE MARKETS – PART 15 “…Trading looks like work. It requires a certain level of persistence just to even dip their toe in the water and some shiver and run away before they give themselves a chance to ‘get it’. This is exactly why the wealth of the population is pyramid […]
Sep 14 2012 @ 17:14
LEARN FROM MARKET WIZARDS – PART 3 Anton Kreil was born in Liverpool in 1979, into a poor family where money was a very scarce commodity. During his early years, he’d to live through a series of hard times, but at the age of 13, he decided to try whatever he could do to get […]