Dec 24 2013 @ 01:46
The USD/JPY has maintained its bullish bias and would likely test the supply level at 104.50 again. Eventually, it is hoped that the supply level would be overcome and breached to the upside. EUR/USD: The bias here is bearish and the upswing in the Williams’ % Range shows that the current northward attempt, though shallow, […]
Dec 22 2013 @ 17:38
The USDJPY moved upwards by over 170 pips last week, challenging the supply zone of 104.50 before retracing southward. The southward retracement would be temporary, for the price would soon trade further upwards. EURUSD: This pair gave a bearish signal last week – something that is still valid. There has been some rally in the […]
Dec 21 2013 @ 02:39
LEARN FROM GENERALS OF THE MARKETS – PART 43 “Day trading strategies offer a shortcut in order to become profitable much quicker with a proven system.” – Marcello Arrambide Jeff Cooper (not to be confused with another popular Jeff Cooper who was an American Marine and an expert on the use of small weapons) started […]
Dec 19 2013 @ 04:41
The bears are bent on pushing the shares price on Tri-Star Resources (
LSE:TSTR) further southwards. Sometimes the simplest truths are the best. A tree that is too young to support our weight when we lean upon it cannot kill us if it falls upon us. In this market, the bulls have proven to be undependable, […]
Dec 19 2013 @ 04:31
It is more probable that Edge Resources (
LSE:EDG) shall drop to the support level of 3.0 eventually, even breaking below it. This is a great possibility, for it is not uncommon for the price to sometimes drop like a stone, breaking the so-called psychological demand levels. On the chart, the price is under the EMA […]
Dec 17 2013 @ 02:51
The EURJPY pulled back last week and is currently being stabilized. The Bullish Confirmation Pattern is still valid on the chart, and when there is a breakout again, it might be in favor of the bulls… EURUSD: Despite the failure to breach it in recent times, this pair is going again towards the resistance line […]
Dec 16 2013 @ 00:44
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 14 2013 @ 01:33
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 11 2013 @ 02:20
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 @ 02:03
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 […]
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