Greek Crisis

As it was forecasted last week, the GBP/USD went south by 170 pips, to close below the distribution territory at 1.2950. The outlook on the market, as well as other GBP pairs, is bearish this week, and price could test the accumulation territories at 1.2900, 1.2850 and 1.2800. EUR/USD: This pair went upwards 130 pips […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated on Monday and went further upwards on Tuesday. Price moved upwards 130 pips, testing the resistance line at 1.1200, to close above the support line at 1.1150. Bulls might push price further upwards this week; however, there is a possibility of […]

“In my experience trading takes a very important and somewhat rare personality trait which is: the ability to see the next logical step and to then get it done. If this ability is lacking you will always be behind.” – Garachen (Source: Elitetrader) Why Is Trading a Good Money-making Vehicle? It’s a level playing field. […]

EURUSD = Sell EURCAD = Sell EURAUD = Sell EURNZD = Sell EURJPY = Sell EURCHF = Sell EURGBP = 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 […]

The USD/CHF went downwards on August 1 and 2, and then began a bullish journey that lasted till August 5. This happened in the context of a downtrend and it has not invalidated the downtrend, which would hold for some time. When price goes beyond the resistance level at 0.9950, a clean bullish signal would […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair could not sustain the bullish run it started in the last week of July 2016. Price made a faint bullish effort on Monday and Tuesday, went briefly above the resistance line at 1.1200, reached the weekly high of 1.1231, and then declined […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold moved upwards in the first few days of July and then began to consolidate to the downside. The downside consolidated was conspicuous from July 13 to 27. But in the last few trading days, price started moving upwards gradually – an action that saves the current bullish bias in […]

The USD/CHF went upwards at the beginning of last week, and almost reached the resistance level at 0.9950. From that point, price declined 300 pips, to close at 0.9635 on Friday and below the resistance level at 0.9700. Price is expected to reach the support levels at 0.9650, 0.9600 and 0.9550 this week. The only […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair assumed a bullish journey last week, going upwards 230 pips. Price topped at 1.1195, closing above the support line at 1.1150. There is now a bullish signal in the market, which shows the possibility of price going further upwards. As forecasted in […]

“One of the best ways to learn about anything is to read about it. Books, articles. Even just marketing pages. Find out what the pros are doing. Find out what’s working for them. And then…” – James Altucher In the last few years I have written three books titled Lessons from Expert Traders (published by […]