May 22 2014 @ 05:41
“We’ve seen plenty of traders over the years make huge returns on their accounts, well over 1000 per cent in a relatively short period of time, but as soon as they hit a drawdown period they just as quickly give it all back. This is because they were trading well beyond risk limits in the […]
May 21 2014 @ 06:44
Tower Resources shares (
LSE:TRP) are a very weak market – a bad market for the bulls. Nevertheless, it is a good market for the bears, who are currently smiling to their banks. It would be a bad decision to go long on this kind of market. Some people know the decisions they want to make […]
May 21 2014 @ 06:34
Bowleven stock (
LSE:BLVN) has been in a long-term downtrend, with the inability to move significantly upwards. Someone who went short last year would have made some easy money. Even novice traders make money when there is a sustained bias that holds out very long. In the chart, 4 EMAs are used. They are EMAs 10, […]
May 19 2014 @ 16:39
Instrument: USDJPY Order: Buy Entry date: May 19, 2014 Entry price: 101.425 Stop loss: 100.429 Take profit: 103.429 Instrument: AUDJPY Order: Buy Entry date: May 19, 2014 Entry price: 94.614 Stop loss: 93.594 Take profit: 96.594 Instrument: CADJPY Order: Buy Entry date: May 19, 2014 Entry price: 93.315 Stop loss: 92.301 Take profit: 95.301 Instrument: […]
May 18 2014 @ 17:58
From the accumulation territory at 1.6750, the Cable has bounced upwards. The upward bounce should pause at the distribution territory of 1.6850, so that the present bearish outlook may continue to be valid. EUR/USD: The EURUSD trended gracefully to the downside last week. However, the graceful downward movement has been challenged at the support line […]
May 16 2014 @ 04:43
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This currency trading instrument has been bearish since last week. From a high of 1.3993, the price dropped by over 340 pips, reaching the support line at 1.3650. The support line has brought about a temporary halt in the bearish journey. This halt resulted […]
May 14 2014 @ 18:29
“I’m a breakout trader, and I’ll tell you, over time I have had to learn over and over again to resist the temptation: “This thing is going to go up, I need to get in before it breaks out of this pattern.” – Peter Brandt Facing the realities of the markets successfully is a must […]
May 13 2014 @ 18:36
“If I tell you how I would manage that [$100,000,000] now, I would no longer have a competitive edge.” – Perry Kaufman No matter what your trading results have been in the past, trading remains one of the best ways to the ultimate attainment of financial freedom. During the recent global credit crunch, many people […]
May 13 2014 @ 18:10
Motive Television stock (
LSE:MTV) is in a vivid equilibrium phase, but a significant breakout is expected very soon. Equilibrium markets do not last forever and as such, the price would eventually break out and go in a direction determinedly. The equilibrium phase is brought about as a result of less and less trading activity. This […]
May 12 2014 @ 20:03
Instrument: USDJPY Order: Sell Entry date: May 12, 2014 Entry price: 102.172 Stop loss: 101.179 Take profit: 100.178 Instrument: AUDJPY Order: Sell Entry date: May 12, 2014 Entry price: 95.640 Stop loss: 96.652 Take profit: 93.652 Instrument: CADJPY Order: Sell Entry date: May 12, 2014 Entry price: 93.765 Stop loss: 94.779 Take profit: 91.779 Instrument: […]