Dec 16 2013 @ 01:44
The protracted bearish correction on the GBPUSD has finally become a bearish signal. From the distribution territory of 1.6450, the price has dropped by over 150 pips. EURUSD: It seems this pair may not be able to go above the resistance line of 1.3800, especially in the face of a current lease of strength in […]
Dec 15 2013 @ 09:39
The USD/MXN has been moving in an area that produces a lot of indecision among investors. This pair is currently below the 200 day moving average, but not found many pips away, as the SMA 200 is close to the 12.94 level. If USDMXN manages to break the support level of 12.85, it’s expected to […]
Dec 14 2013 @ 02:33
LEARN FROM GENERALS OF THE MARKETS – PART 42 “Learn from failures, try again differently, fail, and try again. Your odds keep improving the more you try.” – Kenneth L. Fisher: Kenneth L. Fisher was born in November 29, 1950, in San Francisco, California, USA. He’s the 3rd and youngest son of Philip A. Fisher, […]
Dec 13 2013 @ 06:51
Lately I’m hearing that many people are not making money trading the UK stock market. It’s not surprising, the FTSE 100 has gone sideways since May this year and because most people use trend-following systems when a trend does not persist – profits are hard to come by. However, if you are not a trend […]
Dec 11 2013 @ 03:20
Sirius Petroleum stock (
LSE:SRSP) has been a turbulent market that is difficult to handle. This is a market where tight stops get hit easily. It is not an overstatement to say that the market is currently in upswings and downswings, while downswings are dominant. As a result of this, the tongue-tied bulls do not know […]
Dec 11 2013 @ 03:03
Strategic Natural Resources shares (
LSE:SNRP) remain upbeat as they struggle to shrug off the influence of the recent bearish trend on them. Should the price go above the market level of 10.00, and then above the EMA 200, it would be the start of a long bullish journey. There are 4 EMAs on the chart […]
Dec 10 2013 @ 03:00
The JPY pairs are strongly bullish, breaking new highs and supply zones. This outlook may continue this week, but there may be some fleeting bearish corrections along the way. EURUSD: This pair has moved upwards by over 46 pips this week, in what could be called a slow and steady bullish journey. The Bullish Confirmation […]
Dec 10 2013 @ 00:10
The kiwi has sought to consolidate its current bullish trend above the 200 SMA, which could be a clear indication that the bulls want to stay in the battle. The NZD/USD has consolidated above the weekly pivot point at 0.8237 level and is very likely to pair up to resistance level at 0.8335. However, we […]
Dec 09 2013 @ 01:05
Last week, the directional forecasts on the EURUSD and the USDCHF were correct. For example, the USDCHF trended downwards by over 140 pips, closing at 0.8917. EURUSD: The EURUSD, which has been bullish for more than 2 weeks, has been able to maintain its bullish stance in spite of the initial upswings and downswings within […]
Dec 06 2013 @ 09:24
Why do I recommend small lot sizes? There are happy traders who say these things: “The markets aren’t hunting for me. I’m part of a large trading community. I know that losses are normal part of doing any business. My winnings are on the way.” “I know that the volatility in the markets is normal. […]
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