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Weekly Trading Forecasts (May 27 - 31, 2013)

May 26 2013 @ 20:33
The currency markets are experiencing sharp reversals in the face of major biases, which could be pullbacks or potentially new signals. If you look at your charts more carefully during a busy trading period, you would observe that instruments do not move in straight lines. This is a propensity in the markets; a major bias […]
 

Weekly Thoughts of a Trading Maverick – May 26, 2013

May 25 2013 @ 15:15
Trading is difficult only for those whose mindset goes against the real truth about trading. There are some universal trading principles that guarantee success in the long run. And it must be adopted by all traders. The reality is that scalping isn’t the old man’s trading style: it’s the young man’s trading style. The more experience […]
 

Can Stunning Accuracy Help Your Trading?

May 24 2013 @ 07:47
Do you know how top traders handle their positions? Schools encourage us to multi-task flawlessly. The more errors a student makes, the worse the marks awarded and therefore less the commendation, for many errors. Mistakes are frowned on in the medical world, business world and the engineering world. Indeed, the willingness to be perfect in […]
 

101 Charts For Trading Success: The Great 2013 -2015 Bull Market?

May 23 2013 @ 18:19
  The following is an extract from the number one Amazon Investing Bestseller 101 Charts For Trading Success written in November – December 2010, and now out in Paperback. The book seemed to have two purposes, the first was apparently an attempt to break up my marriage as my wife was 7 months pregnant when […]
 

USDCAD Technical Analysis for May 23, 2013

May 22 2013 @ 22:31
In yesterday’s session, the loonie had a big bullish momentum, leading to break strong resistance on the road. The USDCAD finally completed a lower high pattern, that had formed below the resistance level 1.0286, a level of vital importance because this pair tried to break it weeks ago, without success. The loonie took a new […]
 

EURUSD Technical Analysis for May 22, 2013

May 21 2013 @ 22:02
The EURUSD is recovering a bit after it had fallen last week but this may not indicate a change of trend in the pair at the moment. The EURUSD is approaching the resistance level 1.2944, which may make a bearish rebound and fall back to the support at the 1.2823 level. If EURUSD breaks that […]
 

The Price on China Food May Plunge Lower

May 21 2013 @ 03:58
China Food shares (LSE:CFC) recently made a false bullish breakout before they were pushed lower. This means that not every trading signal should be taken. Are all snakes edible? Now, this is the technical reason for the next possible direction. In a context of a downtrend, the price has largely moved sideways this month. Recently […]
 

Could San Leon Sustain This Growth?

May 21 2013 @ 03:44
Could San Leon (LSE:SLE) sustain the bullish momentum it has started since April 2013? From the yearly low reached in April, the price has moved upwards significantly, favoring those who saw this early enough. But once again, could this be sustained? The EMAs 10, 20, 50 and 200 are used. The color that stands for […]
 

AUDUSD Technical Analysis for May 21, 2013

May 21 2013 @ 00:20
The AUDUSD is making a consolidation after a sharp drop. The aussie is forming a higher low pattern very clear in the daily chart and that was expected, because this pair is literally in free fall from the level of 1.0350. Now, the AUDUSD is moving in a range between 0.9828 and 0.9709, very crucial […]
 

Weekly Trading Forecasts (May 20 - 24, 2013)

May 20 2013 @ 05:14
The currency markets are in vivid Trend Confirmation Patterns – both bearish and bullish. Recently, prices have become very volatile as they approach major accumulation and distribution territories. But it is expected that those territories would be breached as the markets go in the direction of the overall biases. Thus, market participants are bound to […]
 
 
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