Weekly Trading Forecasts on Major Pairs (August 24 - 28, 2015)

Aug 22 2015 @ 18:08
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the support line at 1.1050, this pair went upward by 330 pips, going above the support line at 1.1350. EUR is now one of the strongest among the majors (and so is CHF) and this has reflected on most EUR pairs. The next […]

What Every Trader Must Know About Drawdowns

Aug 21 2015 @ 01:32
“However, it is pleasant to win over the long term. Contrary to popular opinion, losses are part of winning. Take sports for example.” – Markham Gross A drawdown is the peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and […]

Gold and Silver May Continue to Rally Massively

Aug 20 2015 @ 05:40
Gold Gold experienced a smooth downwards movement in July 2015. In August, price consolidated for about two weeks before breaking northwards last week. Price consolidated again before the end of last week and in the beginning of this week before breaking northwards again. This week is particularly interesting because Gold was thought of rallying, which […]

Trading Signals for AUD Pairs (August 18 – September 10, 2015)

Aug 18 2015 @ 17:51
AUDJPY = Sell AUDUSD = Sell EURAUD = Buy AUDCAD = Sell AUDCHF = Sell GBPAUD = Buy AUDNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

Daily analysis of major pairs for August 17, 2015

Aug 16 2015 @ 16:45
The bullish effort on the Cable has led to a bullish signal on it. However, there is one obstacle to be surmounted – the distribution territory at 1.5650. This distribution territory has adamantly rejected sincere bullish efforts for the past several weeks, and the price needs to close above it if the current bullish signal […]

Weekly Trading Forecasts on Major Pairs (August 17 - 21, 2015)

Aug 16 2015 @ 02:49
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair rose by 150 pips last week, rising from the support line at 1.0950 and reaching the resistance line at 1.1200. Price has really met a challenge at the resistance line at 1.1200, but it would need to go above the resistance line […]

Bruce Kovner: One of the Least Known Billionaire Traders

Aug 13 2015 @ 04:20
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 11 “The biggest risk in trading is hubris… This is because being wrong is actually an integral part of success. A successful futures trader makes many more losing trades than winning ones. The key is to recognize and concede the mistakes and cut losses. And ride […]

Buy Uranium Resources @0.500 and Take Your Profit @1.000

Aug 11 2015 @ 17:23
Uranium Resources stock (LSE:URA) is expected to go upward, owing to the Double Bottom Pattern in the market and the current price action. The market reached a floor on April and May 2015 before rising up significantly. At the end of July, it reached another floor, and now the price is taking off. In the […]

Daily analysis of major pairs for August 10, 2015

Aug 09 2015 @ 17:24
The GBP/USD went bearish last week, breaking southward out of the recent equilibrium phase. The price tested the accumulation territory at 1.5450 and later bounced upward from there. The bias on the market is bearish and it is possible that the accumulation territory would be tested again; it may even be breached to the downside. […]

Weekly Trading Forecasts on Major Pairs (August 10 - 14, 2015)

Aug 08 2015 @ 04:13
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD is now a volatile pair, characterized by serious struggles between bear and bull in the context of a downtrend. The support line at 1.0850 was tested last week, but price could not break it to the downside. For the downtrend trend to continue […]
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