Nov 06 2015 @ 03:58
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 16 “…Remember to view setbacks, losses and failures as learning opportunities. All great achievers have made innumerable mistakes and have failed, that is what provided the “experience” and the “education.” – Dr. Woody Johnson Name: Louis Bacon Date of birth: July 25, 1953 Nationality: American Occupation: […]
Nov 05 2015 @ 07:32
It is interesting to see that Bitcoin is strengthening seriously against USD (BTCUSD). Now that certain pairs and crosses are choppy, consolidating, and reversing, it is a surprise that Bitcoin is rallying significantly against USD. The cryptocurrency formed a solid base in the month of September. From that base a strong rally has started, which […]
Nov 01 2015 @ 14:15
After testing the accumulation territory at 1.5250, the Cable spiked upwards last week. However, the overall bias remains bearish and it cannot be rendered invalid unless the distribution territory at 1.5500 is overcome. Until that happens, any rallies could be taken as mere long squeezes (transitory rallies). EUR/USD: This pair tested the support line at […]
Oct 31 2015 @ 05:12
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair first moved sideways in the first few days of last week, and then price broke down again on October 28, reaching the support line at 1.0900. From that support line, price has bounced upwards a bit, testing the resistance line at 1.1050. […]
Oct 29 2015 @ 07:39
BINARY OPTIONS MYTHS VERSUS REALITIES “To be successful, you must keep in mind that the only way you can continue to operate is to protect your account from a major setback or, worse, devastation. Avoiding large losses is the single most important factor for winning big as a speculator. You cannot control how much a […]
Oct 25 2015 @ 16:55
The USD/JPY trended upwards nicely last week, thus ending the recent protracted equilibrium phase in the market. Since October 15, 2015, the price has moved upwards by roughly 350 pips, almost reaching the supply level at 121.50. Further northward movement is anticipated this week, which may enable the price to reach the resistance levels at […]
Oct 24 2015 @ 17:12
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair traded in a tight range from Monday to Wednesday and then broke out southwards on Thursday. The southward break was strong enough to cause a new bearish outlook on EURUSD (plus most other EUR pairs), which would continue for the rest of […]
Oct 21 2015 @ 19:49
The situation surrounding the S&P 500 stock (SP500) is interesting. Some experts believe the price would collapse further, but the current price action shows that the price would continue to rally till, at least, the first quarter of the year 2016. The price performed a major bearish movement in August 2015, and therefore, the market […]
Oct 18 2015 @ 16:29
The Cable moved upwards last week, testing the distribution territory at 1.5500 a few times. The price was unable to break above the distribution territory – something that needs to be achieved this week so that the uptrend could continue. The uptrend would be rational as long as the accumulation territory at 1.5200 is not […]
Oct 17 2015 @ 03:20
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair initially moved upwards last week, but it could not reach the resistance line at 1.1500 before it got corrected downwards. On Friday, price closed at 1.1348, though the bias is bullish. The bullish bias will remain valid as long as the support […]
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