Apr 01 2015 @ 03:59
ADVFN shares (
LSE:AFN) look promising, showing a great deal of energy. The price consolidated last year and broke upwards significantly this year. The price topped at the supply level at 130 and then retraced lower towards the near-term demand level at 117. We know this is a bull market, but buyers should look for optimal […]
Apr 01 2015 @ 03:51
Exxon Mobil stock (
NYSE:XOM) is very weak right now. The stock trended downwards towards the end of last year (2014), and it went further downwards this year. Things have been bearish so far. In the chart, 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The color that stands for each […]
Mar 29 2015 @ 17:48
The Cable moved only sideways throughout last week, with neither the bull nor the bear gaining an upper hand. As long as the bull and the bear seem to have equal stamina, the sideways movement can continue – until there is a rise in momentum which could cause an imbalance in the market. The imbalance […]
Mar 28 2015 @ 06:33
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD, which has been making some bullish attempt since a few weeks ago, is now above the support line at 1.0850. On the downside, there are support lines at 1.0800 and 1.0700. On the upside, there are resistance lines at 1.1000 and 1.2000. It […]
Mar 26 2015 @ 06:23
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 1 “Many would-be traders are afraid to take the profession seriously. They dream of making huge riches, but they aren’t willing to put in the time and effort to make their dreams come true.” – Joe Ross Name: Lan Turner Date of birth: February 5, 1964 […]
Mar 24 2015 @ 08:09
Nokia shares (
NYSE:NOK) have formed what I can call a predictable channel in the market. Based on the price action for the past several months, one would need to use a swing trading approach for this market, selling at the peak and buying at the trough. The indicators in the chart are currently nothing to […]
Mar 24 2015 @ 07:57
BP stock (
NYSE:BP) was generally bearish last year. The market made some commendable bullish attempts since the beginning of this year 2015. In early March 2015, the price dived seriously but this has been recovered. If I am thrown off by a horse, I will mount it again. Now the price has crossed the EMA […]
Mar 23 2015 @ 01:57
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 […]
Mar 22 2015 @ 19:01
All eyes are on the EUR/USD, which has proven that the EUR is not ready to reach parity with the USD soon. On Wednesday, March 18, 2015, the market skyrocketed by over 450 pips, before being corrected lower. The perpetual bullish effort has already resulted in a Bullish Confirmation Pattern in the market, and thus, […]
Mar 21 2015 @ 05:33
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Without events, there cannot be history. The even that happened last week shows that EUR may not reach parity with USD soon. In fact, it is no longer rational to seek short trades on this pair, for the outlook on it has already turned […]
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