Investing Advice

Highlights • The medium and short term trend bias are bearish. • In a downtrend, a trader should know that if price retraces from the recent low, a resistance level would be created. This gives the trader the opportunity to place short trades.   BTCUSD Medium-term Trend: Bearish Resistance: $7,000, $6,900, $6,800 Support: $6,400, $6,500, […]

Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines. Experience shows that people want to keep doing what they are doing, while expecting different results. In trading, that means they carry on trading in a certain way even when it brings poor […]

Daily analysis of USD/CHF for April 2, 2018 USD/CHF This bias on this currency trading instrument is bullish – but it is currently not a strong bias. Since testing the support level at 0.9200 (February 16), price has managed to gain about 360 pips. Last week, it managed to stay briefly above the resistance level […]

DO YOU WANT TO BE ENTERTAINED OR RICH?…IT’S YOUR CHOICE I came across this excellent chart the other day. It shows those times in history when the S&P 500 doubled over a ten year period and the trajectory that this doubling took. Please see here for a relevant chart: https://www.tradinggame.com.au/want-entertained-rich-choice/ Much commentary that followed on […]

Jubilee Metals shares (LSE:JLP) are a weak market. Price has been in a downtrend for the past several months and that just seems to be the beginning. 4 EMAs are used for this strategy and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top […]

Daily analysis of USD/CHF for March 26, 2018 USD/CHF The USD/CHF may assume a directional movement this week. In the short-term, this pair is bullish. Since the support level at 0.9200 was tested in February 16, 2018, price has rallied by over 350 pips, moving briefly above the resistance level at 0.9550. The market has […]

Premier African stock (LSE:PREM) consolidated from October to December 2017, and then dropped sharply in early this year. Price has also been consolidating since then in a tight range. What is now present in the chart is a base, from which price would rise or fall. Now looking at the chart, the market has gone […]

A TRUE LIFE STORY OF A VETERAN TRADER We were in a midst of a popular monthly traders’ forum when an elderly man on a wheelchair was helped into the hall. The moderator asked us to stand up for the man, whom he called “a soldier on the battlefield of the financial markets.” As the […]

Chevron Corp. shares (NYSE:CVX) moved northwards from October 2017, reaching a new peak in January 2018, and then plummeted within the same month. Price has gone far below the lower Trendline as bears hold sway. The market is now very rough and choppy, but the bearish movement is expected to continue, following the current weak […]

Daily analysis of USD/CHF for March 12, 2018 USD/CHF There was a commendable bullish effort in this market. The USD/CHF is bullish in the near-term. However, it is neutral in the medium-term and bearish in the long-term. Now, in the short-term, price moved sideways from Monday to Wednesday and then rose on Thursday, becoming bullish. […]