Financial Guides

In the past several months, Leni Gas stock (LSE:LGO) has been a bear market. The bullish attempts that happened in April and May, 2013, proved to be futile, for it merely happened to be a rally in the context of a downtrend. On the chart, the price went below the EMA 21 last month, and […]

In the months of May and June, 2013, Summit Corps shares (LSE:SUMM) succeeded in rejecting further bearish threats in the market, hence the currently new Bullish Confirmation Pattern on the chart. It looks sensible to seek long trades now. The cause of the Bullish Confirmation Pattern are the price action (the price has jumped upwards […]

It is well-known that events move the markets, and that what relevant personalities say (for example, central bank governors/presidents) have short-term or long-term impacts on the markets. This remains a fact, and it has affected the markets in recent times. Looking at the popular currency instruments, they have continued to go in the direction of […]

Being super sure of your trading setup is also not a guarantee that the trade would go in your favor. In addition, you sometimes make money fast and you make money slowly. Sometimes, you stay on the defensive for a long time, no matter how good your trading may be. EURUSD isn’t the best pair […]

LEARN FROM GENERALS OF THE MARKETS – PART 31 “If you want to get rich, just find someone making lots of money and copy what he’s doing.” – J. Paul Getty William Eckhardt started his career in 1974, which was 4 years after his doctoral studies experience at the University of Chicago (he failed to […]

Bowleven shares (LSE:BLVN) are what I couldn’t risk my neck on. This is because the shares are not favorable to buyers, except sellers. The shares hit the yearly high in March 2013, testing the distribution territory at 100.00. From that territory, the price dropped seriously and consolidated around the latter part of May 2013. In […]

Based on the reality in the market, it is advised that one do only one or two things with Proteome Sciences stock (LSE:PRM): Sell the stock and/or stay away from it. This is the rational thing to do until this bearish phase is over; unless one is a short-seller. About 4 EMAs are used for […]

There have been sharp reversals in the markets, as the EUR, GBP and other currencies got weakened. All JPY pairs have rallied: there are confirmed new biases in the markets. As some instruments plummet further, more bearish pressure would be experienced and positions are smoothed as people show the white feather when they are risk-averse. […]

Yes, believe the news, for it’s about real events. The only problem is that the effect on the markets may sometimes go against what people expect. I think candlestick trading is awesome in the short-term, and as a result of this, one needs to consider it for intra-day trading and exit once there is a […]

Pound Sterling – Despite an improving picture emerging for the health of the UK economy, this week was one of declines against the US Dollar. On Monday the Pound was little changed against the Euro and US Dollar due to an industry report showing that home sellers raised their asking prices for a sixth-straight month […]