Jul 15 2015 @ 17:34
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 9 “The best strategy loses its effectiveness when you trade from a place of fear.” – Mercedes Oestermann van Essen Name: Lawrence D. Hite Nationality: American Profession: Funds manager, trading systems developer, philanthropist Career: Larry Hite is an award-winning funds manager who’s one of the forefathers […]
Jul 12 2015 @ 18:32
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 […]
Jul 11 2015 @ 04:15
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 […]
Jul 08 2015 @ 06:20
“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 […]
Jul 07 2015 @ 03:55
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 […]
Jul 06 2015 @ 16:03
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 […]
Jul 02 2015 @ 18:36
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 […]
Jun 30 2015 @ 03:46
Metal Tiger shares (
LSE:MTR) are trying to rally and this is something that is supported by the present price action in the market. The price has been volatile but it can be seen that the bulls are gaining upper hands. In the chart, the ADX period 14 is at the level 30, which means that […]
Jun 21 2015 @ 19:13
The GBP/USD moved upwards nicely last week – a movement of 350 pips. Since June 8, 2015, the price has moved upwards by 650 pips. The distribution territory at 1.5900 is now being threatened and it could be slashed to the upside, as bulls target another distribution territory at 1.5950. However, the pair could reverse […]
Jun 18 2015 @ 00:35
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 7 “I appreciate the opportunity to manage money for others. A lot of people don’t enjoy it, but I do.” – Mike Melissinos Name: Sam Zell Date of Birth: September 27, 1941 Nationality: American Occupation: Business magnate, investor and philanthropist Website: www.egizell.com Career Sam’s parents were […]