May 22 2014 @ 05:41
“We’ve seen plenty of traders over the years make huge returns on their accounts, well over 1000 per cent in a relatively short period of time, but as soon as they hit a drawdown period they just as quickly give it all back. This is because they were trading well beyond risk limits in the […]
May 22 2014 @ 01:55
The outlook remains bearish in the NZD/USD as this pair is below the 200 SMA in the hourly chart. The NZD/USD is trying to form a bullish pattern above the pivot point level of 0.8571. If the pair manages to make a breakout on the resistance level of 0.8603, next target would be the resistance […]
May 21 2014 @ 06:44
Tower Resources shares (
LSE:TRP) are a very weak market – a bad market for the bulls. Nevertheless, it is a good market for the bears, who are currently smiling to their banks. It would be a bad decision to go long on this kind of market. Some people know the decisions they want to make […]
May 21 2014 @ 06:34
Bowleven stock (
LSE:BLVN) has been in a long-term downtrend, with the inability to move significantly upwards. Someone who went short last year would have made some easy money. Even novice traders make money when there is a sustained bias that holds out very long. In the chart, 4 EMAs are used. They are EMAs 10, […]
May 20 2014 @ 00:37
The EUR/GBP remains very strong in the current bearish trend. This pair has found resistance below 0.8160 level and now, the EUR/GBP is trying to make a breakout to the pivot point level of 0.8149. However, this pair could rise to the resistance level of 0.8160, because the EUR/GBP is currently supported by a bullish […]
May 19 2014 @ 16:39
Instrument: USDJPY Order: Buy Entry date: May 19, 2014 Entry price: 101.425 Stop loss: 100.429 Take profit: 103.429 Instrument: AUDJPY Order: Buy Entry date: May 19, 2014 Entry price: 94.614 Stop loss: 93.594 Take profit: 96.594 Instrument: CADJPY Order: Buy Entry date: May 19, 2014 Entry price: 93.315 Stop loss: 92.301 Take profit: 95.301 Instrument: […]
May 18 2014 @ 17:58
From the accumulation territory at 1.6750, the Cable has bounced upwards. The upward bounce should pause at the distribution territory of 1.6850, so that the present bearish outlook may continue to be valid. EUR/USD: The EURUSD trended gracefully to the downside last week. However, the graceful downward movement has been challenged at the support line […]
May 16 2014 @ 12:33
The AUD/USD has consolidated above the 200-day moving average, so more bullish movements are expected. The aussie is trying to form a bullish pattern above the pivot point level of 0.9358, which is shown as a very strong resistance level in this pair, but the AUD/USD has finally managed to consolidate above this level. The […]
May 16 2014 @ 04:43
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This currency trading instrument has been bearish since last week. From a high of 1.3993, the price dropped by over 340 pips, reaching the support line at 1.3650. The support line has brought about a temporary halt in the bearish journey. This halt resulted […]
May 15 2014 @ 09:39
Pfizer’s proposed takeover of AstraZeneca is causing lots of questions such as: 1. How can Pfizer guarantee this takeover will not jeopardise Britain’s position in scientific research and development? 2. Is Pfizer doing this primarily to avoid a multimillion dollar tax bill in the US? 3. Does the government have the legal right to intervene? […]