Jan 15 2014 @ 21:35
International Business Machines stock (
NYSE:IBM) has been rallying since December 2013. The price has formed a Double Bottom pattern (a “W’ shape), which means a true bottom has been found at those extreme ends, and the price ought to be going upwards. In the chart, the EMA 20 has crossed the EMA 50 to the […]
Jan 15 2014 @ 21:25
“To become an exceptional trader, you may need to give up some things that don’t really mean that much in your life to gain immense rewards.” – Louise Bedford ADVFN.COM There is one website that’s great for pros and noobs. The website is www.advfn.com. It contains valuable information and features for those who want to […]
Jan 14 2014 @ 00:56
Although a bearish signal has been in place on the EUR/JPY since last week, it was not until this week that the signal became really significant. Any rally in the market is a good opportunity to sell short. EUR/USD: Gradually the bulls’ determination on this pair has resulted in a Bullish Confirmation Pattern. Eventually the […]
Jan 12 2014 @ 17:26
The EUR/JPY has shown its inability to trade higher than the supply zone at 143.00, in spite of testing it several times last week. Should the price then fall below the demand zone at 142.00, it could mean the beginning of a new bearish trend. EUR/USD: After moving sideways for most of last week, this […]
Jan 12 2014 @ 16:24
Selling the Rallies and Buying the Dips in Direction of Dominant Biases “All you can do in the end is do your best, and keep building up your trading skills. If you keep trying to excel, but stay realistic, you’ll eventually achieve lasting success.” – Joe Ross In a recent article titled ‘An Introduction to […]
Jan 10 2014 @ 16:48
Next week, the markets are expected to keep on going contrary to the dominant biases. As expected, there have already been breakouts from the current equilibrium phases that are seen in some cases. As the breakouts are being expected, it would also be helpful to watch what volume is doing. Experienced traders know that volume […]
Jan 10 2014 @ 03:32
Long-term Pending Orders at Effective Demand and Supply Zones “I know, that all action on the market is there to be read in the chart: as long as one knows where to look and what to look for.” – Alan Saunders This is an introduction to a signals strategy that would start coming up later […]
Jan 09 2014 @ 05:21
LEARN FROM GENERALS OF THE MARKETS – PART 44 “Most people don’t understand that they need a trading system if they are to make money in the markets. Most importantly, that system must fit you, your objectives, your psychology, and your beliefs, for you to be able to trade it effectively.” – Dr. Van K. […]
Jan 07 2014 @ 14:30
Google stock (
NASDAQ:GOOG) has been bullish for a few months. It is common for the price to enter a consolidation territory, remain there a little, and later break out higher in favor of buyers. This is what is happening right at the present. The price, which broke out above the upper Trendline, has entered another […]
Jan 07 2014 @ 14:18
Royal Bank of Scotland shares (
LSE:RBS) has assumed a new lease of an uptrend, which would enable bulls to collect many socks along the way up, while bears lose their socks. The market was recently in a downtrend, but further downward movement was rejected in the month of December 2013, as the price broke upwards. […]
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