Adsense

Friday, February 28, 2014

Weekly Trading Forecasts on Major Pairs (March 3 – 7, 2014)

Here’s the market outlook for this week:

EURUSD
Dominant bias: Bullish
The recently precarious bullish bias on this pair is now established – as a result of a new lease of stamina in the Euro. The Bullish Confirmation Pattern in the chart remains fresh and the price still has more room to move northward. The next target in the market is at the resistance line of 1.3850.  Meanwhile, the support line at 1.3700 remains a barrier to possible bearish attempts along the way. As long as the price stays above the aforementioned support line, the bullish outlook is intact.

USDCHF
Dominant bias: Bearish
Our last target in this market has been exceeded after much hesitation in the market. The price is currently trading below the resistance level at 0.8850, going towards the support level at 0.8800. The ultimate target is at the support level at 0.7850, but it would take some time before the market can reach that place. The southward movement in the chart has been slow and steady, but the bearish bias is strong.

GBPUSD
Dominant bias: Bullish
In spite of a consolidation of about 2 weeks here, the bullish signal on the Cable is still valid.  When momentum returns to the market, it may take the market to the upside (that is the most likely thing to happen). The distribution territory at 1.6800 was tested a few weeks ago, and it is going to be tested again. It is even more likely that the price would breach that distribution territory to the upside and go further towards another distribution territory at 1.6850.

USDJPY
Dominant bias: Bearish
The perpetual weakness of the USD, coupled with the failure of the price to go determinedly upwards, has resulted in a bearish signal on this market. Though the bearish move may be limited, it is not advisable to go long on this market. The best strategies to use here are scalping strategies and intraday trading methods. There is a need for the price to break the support level at 101.50 to the downside and later go towards the next support level at 101.00.

EURJPY
Dominant bias: Bullish  
The situation on this cross requires some tact. An unsure trader may want to go out of the market until there is a clear directional bias. In fact, the best thing to do right now is to stay out of this market until there is a clear directional movement in the price. A movement above the supply zone of 141.00 would lead to a confirmation of a bullish signal; whereas a movement below the demand zone at 139.00 would lead to a confirmation of a bearish signal.


This forecast is concluded with the quote below:
                               
“It may not be a good idea to stubbornly try to trade under market conditions that aren't conducive to your trading style.” – Joe Ross



Eye-opening trading lessons: http://www.harriman-house.com/experttraders

Tuesday, February 25, 2014

Dedicate Yourself to Trading Success

AN INSIGHT INTO THE MERITS OF TRADING

“Trade as professionally as you can.” – Mebane Faber

Successful trading is possible, but it requires dedication. You need to commit yourself to learning how to be the best trader you can be. Commit yourself to learning risk control and sound money management methods. Commit yourself to learning how to trade with peace of mind, irrespective of the market conditions.  For you to make profits personally, you need to invest your time and money. Without this it’s impossible to make profits. Trading always costs something.

As you probably agree, and based on your experience, making money in the markets is sometimes easy and it’s sometimes difficult. When things are hard, dedicated traders minimize their losses and gain an insight that makes them become better traders. When things are easy, dedicated traders know that it’s normal and expected. It’s novices that would be extremely joyous when things are easy, only to give up when things become hard. 

Many times we look back for a few years on what we thought of as a flop, we see that our determination was leading us step by step. We mayn’t have jumped from ‘beginning’ to ‘end’ in one attempt, but our determination was pushing us ahead. The wrong steps we took during our formative years in trading weren’t a curse – they were blessings!

We would like you to benefit from trading. We’re seriously interested in helping others to be the best traders they can be. We want you to be happy as a trader. You would’ve to stop the trading styles that don’t help your account and seek winning standards that ensure permanent victory. The decisions you make right now will definitely affect your future career. It’s better to make small profits and losses and be happy than make big profits and losses and end up being miserable. You can speculate consistently in the markets with peace of mind, knowing that your risk is always under control.

We want you to walk in the paths that lead to trading success, especially those that ensure permanent success. We want you to improve yourself. We want you to experience peace and happiness in your trading career – permanently. Do you want to live in the part of triumphant traders? Our regular contact with fellow experts strengthens our heart and determination to be successful. We too appreciate the notes and lessons we receive from experts. Don’t keep this message to yourself. Share it with others as soon as you can!

This article is concluded with the quote below:

“Realize that it can take a long time to become a successful trader, just as it can take long to become successful in any other business. You need time to build your trading skills. You need time to acquire experience in the market. Experience and skill ensure that, over the long term, you will become consistently profitable.” – Joe Ross (Source: Trade2win.com)





Eye-opening trading lessons: Lessons from Expert Traders

Monday, February 24, 2014

Monthly Technical Reviews on Gold and Silver (March 2014)

Here is the current outlook on Gold and Silver.

GOLD (XAUUSD): As it was mentioned in the last forecast on Gold, the price of this precious metal pulled back last week, following a few days of consolidation. However, the price has shrugged off further bearish pull as it begins a new period of bullish journey. Given the vivid Bullish Confirmation Pattern in the chart, the market would probably go further upwards this week and next month (March 2014). The target for the next month is at the distribution territories of 1400.00 and 1450.00 respectively. Along the way there could be temporary reversals, but the bias remains bullish. The accumulation territories at 1310.00 and 1300.00 should serve as hurdles to bearish attempts.

SILVER (XAGUSD): Just like its Gold counterpart, Silver also moved largely sideways last week, and then assumed some bullish stamina at the beginning of this week. It is probable that Silver would go further northward this week and in the month of March 2014.  The support levels at 21.5000 and 21.000 could check the bears’ machination; and there would never be any threats to the extant northward bias as long as the price is above those support levels. Meanwhile, because of the Bullish Confirmation Pattern that is present in the market, the price could go toward the resistance levels at 22.5000 and 23.0000 within the next few weeks.



 Eye-opening trading lessons: Lessons from Expert Traders

Annual Trading Forecast on Bank of America (2014)

The Bank of America stock (NYSE:BAC) is expected to rally further after the current pullback – for the dominant bias is bullish.  Also, we need to be wary of fundamental effects which can also have impact on the price.

4 EMAs are used for the analysis. They are EMAs 10, 20, 50 and 200 (the color that stands for each EMA is shown at the top left side of the chart). All the EMAs show that the dominant trend is bullish. However, the price is currently pulling back, slashing through the EMAs 10 and 20. The EMA 50 is acting as a barrier to the southward pull, plus the bullish outlook on the market is valid for as long as the price remains on top of the EMA 200. The stock may reach the supply level at 20.00 this year.

Conclusion: No matter what happens here, BAC will go further upwards, and the expectation is valid, as long as there is no Death Cross in the market. When a stock is caught in a serious equilibrium phase, it may not be easy to locate high probability trades and impatient traders can be sliced up when they enter the market at random. There is a need to wait for a clean signal to be confirmed.

This forecast is ended with the quote below:

“Don't brag about your wins. If you avoid getting a swelled head, you'll be able to admit your mistakes and shortcomings more easily, and you won't worry about becoming embarrassed for losing.” – Joe Ross


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders





Monthly Forecast on Gulf Keystone (March 2014)

Gulf Keystone shares (LSE:GKP) have been trending lower since January 2014, and this may continue in March, although in a limited manner.

The long-term outlook is bullish but the medium-term outlook is bearish. Below the Lower Trendline, there has been a cut-throat struggle between the bulls and the bears. The position of the RSI period 14, being below the level 50, shows that the price may fall further downwards. It may drop lower, reaching the support levels at 140.00 and 135.00 respectively. Meanwhile, this expected drop could be limited in nature because the price may soon find some strong hurdles to further bearish drop.

Conclusion: Gulf Keystone shares would drop further downwards in March, but they would eventually find strong supports and rally. Speculating on the market means that you are pitted against some of the most brilliant trading minds. What would be your fate when you personally challenge the champion of a US Open? Could you do that?

This forecast is ended with the quote below:

“Becoming a competent trader takes time and effort as with any other type of training. Be realistic; you will not replace your full time salary in three months! When looking for an online trading coach, find someone who will tell it as it is. It will likely take at least a year or more to become consistently profitable and don’t believe anyone who tells you otherwise.” - George Hallmey (Source: Tradersonline-mag.com)

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders



Sunday, February 23, 2014

Daily analysis of major pairs for February 24, 2014

The USD/JPY has been making some bullish effort but there is a need for a break above the supply level at 103.00 before there is a strong Bullish Confirmation Pattern in the chart.

EUR/USD: This pair is expected to go further upwards in this week, reaching the target at the resistance line of 1.3800. The support line at 1.3700 should be a good barrier to the bears. With an increase in the buying pressure in this market, the price should be propelled towards the aforementioned target.



USD/CHF:  One thing is noticed on the USDCHF: the market is bearish but the price has not been able to go downwards determinedly. The price fell only by 50 pips last week, and therefore the target for last week would be repeated this week (which is the support level at 0.8850).

GBP/USD:  The pair is still consolidating to the downside – in a context of a bull market. A weekly pullback of around 180 pips is enough to threaten the extant bias and this is the reality in the chart. While it is possible that the price may go upwards any time, a move below the accumulation territory at 1.6550 would render the bullish outlook completely invalid.

USD/JPY: The USD/JPY has been making some bullish effort but there is a need for a break above the supply level at 103.00 before there is a strong Bullish Confirmation Pattern in the chart. Should this happen, the target for the week is situated at the supply level of 104.00.


EUR/JPY: In spite for the adamancy of the bears, this cross has been able to maintain its bullish outlook, with strong determination to go further northward. There is a possibility that the price could reach the supply zone at 142.00, but there are possibilities of consolidation and bearish retracements along the way.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


Eye-opening trading lessons: http://www.harriman-house.com/experttraders

Thursday, February 20, 2014

Weekly Trading Forecasts on Major Pairs (February 24 - 28, 2014)

Here’s the market outlook for this week:

EURUSD
Dominant bias: Bullish
The outlook on this pair remains bullish unless the price crosses the support line at 1.3650 to the downside. Right now, the price action looks like a clean opportunity to buy long when there is a dip in the price and in the context of an uptrend. Should the price reverse to the upside, it would target the resistance lines at 1.3750 and 1.3800 respectively. It may even be possible for the market to go beyond the target next week or next month.  

USDCHF
Dominant bias: Bearish
The bias on this pair remains southward unless the price goes above the resistance level at 0.8950. The current price action in the market proffers the chance to sell short when the price rallies in the context of a bearish market. When the price goes further south (as it is expected), it may challenge the support levels at 0.8850 and 0.8800. There is even a possibility that the price may overcome those support levels and go further southward.

GBPUSD
Dominant bias: Bullish
Between February 10 to February 14, the Cable moved upwards by over 410 pips. That was a significant bullish movement indeed! The price slashed through the accumulation territory at 1.6800, but it did not close above it. Since February 17, the Cable has retraced southward by close to 170 pips; yet the bullish outlook is still valid (though seriously threatened). As long as the price is able to stay above the accumulation territory at 1.6550, it would be assumed that it could be given a new lease of stamina.

USDJPY
Dominant bias: Bullish
This market has been choppy for more than 2 weeks, but the bulls have been able to refuse a total domination by the bears. In spite of the choppy situation, there are still short-term trading opportunities here; and therefore, short-term strategies are recommended. Any probable bullish breakout could take the price above the supply levels of 103.00 and 103.50. Then, the demand level at 102.00 could act as an immediate hurdle to possible southward pulls.

EURJPY
Dominant bias: Bullish  
Since last week, the EUR/JPY has been a bullish market. However, the bullish movement has been limited because of some occasional surges of strength in the Yen. Given the Bullish Confirmation Pattern in the market, the price could target the supply zone at 141.50; and should that zone be overcome, the price could then go towards another supply zone at 142.00.

This forecast is concluded with the quote below:

“In trading, it's not whether you win or lose, but how much you profit on a winning trade compared with how much you lose on a losing trade. If you can cut your losses and move on, you'll survive. It makes sense, logically, but psychologically, many traders have trouble cutting their losses.” – Joe Ross


Eye-opening trading lessons: http://www.harriman-house.com/experttraders



The Surest Bet You Could Ever Make in the Markets

The Surest Bet You Could Ever Make on the Markets

“The simplest trades are usually the best ones.” – Michael Hewson

There are no guarantees in the markets, but there are certain things you can do that would ensure your continuous victory. Interestingly, there’s also one bet you can make and reap sure gains from – as far as your long term investment goals are concerned. What kind of instrument is that? To answer the question, please let’s take a look at the interest rates below:

Australia = 2.50%
New Zealand = 2.50%
Canada = 1.00%
Great Britain = 0.50%
Switzerland = 0.25%
Europe = 0.25%
United States = 0.25%
Japan = 0.10%
Note: The above are the central banks rates of some countries whose fundamentals impact the global markets the most. The rates above were correct at the time of preparing this article.

You can see that the interest rate in the US is almost zero. The national debt of that country is extremely huge and it’s becoming worse and worse by roughly $1 trillion per annum. Because of this terrible debt condition, the Fed is striving to make sure that the interest rates remain as low as possible (almost zero). The effect on the Greenback is deplorable; plus the interest rates can only go upwards. When the value of something is almost zero, it’s nowhere to go but the north. Indeed, the forecast/bet on the possibility of the interest rates going up is the most accurate long-term forecast/bet you’ll ever make in your life.

In future, the interest rates have nowhere to go but towards the upside. So how can you take advantage of this? Congratulations, the astute bulls!

What is the Surest Bet in the Currency Markets?
Apologies, currency traders. Interest rates aren’t currency pairs, are they? So you may ask, is there any surest bet in the currency markets?

I don’t know of any single surest bet on Forex, but I know what can be done to ensure the permanent safety of one’s capital. Those things have been mentioned in the past and would be elaborated on in future articles. However, what I’ll say right now is: Keep looking for nice trading setups that offer low risk and high reward opportunities. Take advantage of them and disregard the confusing squawk about the markets.

Conclusion: We don’t need to know every piece of the fundamentals affecting a trading instrument – something that’s not attainable. We’d need to make decisions with the only information we’ve. Experienced fundamental analysts seldom see eye-to-eye on events affecting the markets.  Sometimes, the fundamentals that aren’t expected can come out suddenly and have effects on the markets. The effects may be in your favor or against you, but no matter what, you can be victorious.

This piece is ended with the quote below:

Over the long term, the market will correct expectations and reflect reality, rewarding traders that have anticipated that reality.” – Jose M. Pineiro




Eye-opening trading lessons: Lessons from Expert Traders

Tuesday, February 18, 2014

Annual Trading Forecast on Microsoft (2014)

Microsoft stock (NASDAQ:MSFT) has been making attempts to recover the loss it sustained this year.

 
Given the Bullish Confirmation Pattern in the chart, the price is supposed to go further higher. The ADX period 14 is below the level 20 (showing a trendless market). However, the DM+ is above the DM-. The MACD (default parameters) has both its signal lines and the histogram above the zero line. When the momentum returns to the market, the price development would favor the bull.

Conclusion: Irrespective of the pullbacks that have been seen so far in this year, Microsoft stock will make further higher highs and higher lows, testing the distribution territory at 50.00, and possibly going higher than that. There are certainly many trading instruments that continue to respect Bullish Confirmation Patterns in their charts, proffering good opportunities to grow capital. One needs to bear it in mind that a bear market is a bear market and the bull will do himself a favor to ignore such market. A bull market is a bull market and the bear will do himself a favor to stay away from such market. Instead of going against the dominant bias in a market, one would do well to look for other trading instruments like Microsoft that offer good trading chances. 

This forecast is ended with the quote below:

“Usually, you are afraid of a loss prior to entering a trade. But you have to recognise that long-term success and profitability in trading is a long-term process and does not depend on one single trade.” – Jens Klatt

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders



Annual Trading Forecast on Lloyd’s Banking Group (2014)

Lloyd’s shares (LSE:LLOY) are currently going south, but the southward move is expected to be limited. This is a strong bearish correction in what is a great opportunity to go long with a good bargain.

Interestingly, the price has recently refused to close below the EMA 21, while the Williams’ % Range noses upwards. The bearish correction thus has a stubborn hurdle at the support level of 75.0. Meanwhile, the price could reach the resistance level at 100.00 this year.

Conclusion:  Lloyd’s shares would recover the loss it has sustained this year and they would go further higher. A positive expectancy trading approach that has a satisfactory hit rate could bring huge gains when the markets favor it. Conversely, in cases in which the markets do not favor it, it is possible to recover the roll-downs, but it takes time and lots of perseverance.

This forecast is ended with the quote below:

“When you enter a trade and don’t have set boundaries on exiting the trade, or are not working with fixed take profits and stop-losses, it becomes harder for you to take
any losses. And trading, however, is not about winning every time. In terms of money management, it is about simple math, where your profits have to outweigh your
losses and your ability to thoughtfully balance them.” – Jurina Novotna (Source: Tradersonline-mag.com)


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders


Monday, February 17, 2014

Gold and Silver to Move Further Upwards After Temporary Pullbacks

Here is the current outlook on Gold and Silver.

GOLD (XAUUSD): Since a ‘buy’ signal was generated on Gold in early February 2014, it has moved upwards by over 8000 points. The bullish outlook on the market is very strong, and therefore, a bullish continuation would be spurred on by further buying pressure. This is a boon to the bulls who anticipate further northward movement, and it is more likely that the price would go further northward, but the likelihood of pullbacks cannot be ruled out.  The market would reach the supply level at 1400.00 within now and March 2014, while there could be bearish retracements along the way. The retracements are not supposed to take the price below the demand levels at 1300.00 and 1280.00 respectively. Those demand levels should act as barriers to the bearish threats.

SILVER (XAGUSD): Likewise on Silver, a bullish signal was generated in early February 2014, and since then, the market has gone upwards by more than 2600 points. Last week, there was some sideways movement that eventually resulted in an upside breakout. So, the current sideways movement so far in this week could also result in further northward break, for there is a Bullish Confirmation Pattern in the chart. The price could reach the resistance level at 23.0000 within the next few weeks; meanwhile, probable bearish corrections may not take the price below the support levels at 21.0000 and 20.5000. These are the points at which the extant bullish outlook would be in jeopardy.


Eye-opening trading lessons: Lessons from Expert Traders


Sunday, February 16, 2014

Daily analysis of major pairs for February 17, 2014

The Cable was able to move more than 350 pips last week, closing at 1.6747. The target for this week is at the distribution territory of 1.6800, though there are possibilities of transitory pullbacks.

EUR/USD: This pair has been able to maintain its upward journey, moving close to the resistance area at 1.3700. For the northward journey to continue, the price would need to break the resistance area to the upside. The target for this week is at the resistance line of 1.3800.


USD/CHF:  This pair has been able to maintain its southward journey, moving close to the support level at 0.8900. For the southward journey to continue, the price would need to break the support level to the downside. The target for this week is at the support level of 0.8850.

GBP/USD:  The Cable was able to move more than 350 pips last week, closing at 1.6747. The target for this week is at the distribution territory of 1.6800, though there are possibilities of transitory pullbacks, because the RSI period 14 has moved into the overbought region. The Bullish Confirmation Pattern in the chart is extremely strong right now.

USD/JPY: The bearish signal in the market is still in place – the price is below the EMA 56 while the RSI period 14 is below the level 50. However, the ‘sell’ signal which comes as a result of the weakness in the Greenback, should be taken with tight targets, for it is not likely that the price would move below the demand level at 101.00.

EUR/JPY: This cross moved sideways throughout last week, but it was able to maintain its bullish outlook. Therefore it is more likely that when a breakout happens, it would be to the upside.

Performed by Azeez Mustapha,
Analytical expert

InstaForex Companies Group

Eye-opening trading lessons: http://www.harriman-house.com/experttraders

Thursday, February 13, 2014

Weekly Trading Forecasts on Major Pairs (February 17 - 21, 2014)

The reversals that started recently have succeeded in establishing themselves as new biases. The new biases are supposed to continue. 

Here’s the market outlook for this week:

EURUSD
Dominant bias: Bullish
The reversals that started recently have succeeded in establishing themselves as new biases. The new biases are supposed to continue.  Since a bullish signal formed in this market, there has been one significant pullback that nearly saw the loss of over 100 pips. However, the bullish outlook is not yet over and the price has been making attempts to recover its losses. With a continuation of the buying pressure, the price could reach the resistance line at 1.3750.

USDCHF
Dominant bias: Bearish
Since a bearish signal formed in this market, there has been one significant rally that nearly saw a gain of close to 100 pips. However, the bearish outlook is not yet over and the price has been making attempts to go further south. With a continuation of the selling pressure, the price could reach the support level at 0.8900. It is also probable that the price may reach another support level at 0.8850 this month.

GBPUSD
Dominant bias: Bullish
With an upward move of over 250 pips from the accumulation territory of 1.6400, the Cable has trended northward in a significant manner. The price territory at 1.6650 was challenged and has been overcome, as the Cable goes toward the next distribution territory at 1.6750. The Bullish Confirmation Pattern in the chart ensures that the bulls are in the right direction as long as the price does not retrace southward toward the accumulation territory at 1.6500.

USDJPY
Dominant bias: Bullish
Despite being bullish, the USDJPY has been consolidating to the downside. The present bearish threats in the market are considered to be bogus, except the price could cross the demand level at 101.00 to the downside and maintain its movement below it. Unless this condition happens, there could soon be a northward breakout in the market, and the price could go on towards the supply level at 104.00 within the next several days.

EURJPY
Dominant bias: Bullish  
This cross is a strong market but it has not gone upwards very significantly. Nevertheless, the bullish bias in the market is still valid and the market should be able to maintain its presence above the price zone of 140.00. Since the indicators in the market show that the bulls reign, it is possible for the cross to reach the supply zones at 141.00 and 141.50 respectively. Any possible pullback along the way could then be halted at the demand zone of 139.00.

This forecast is concluded with the quote below:

“This process of getting the results you want is not driven by money but by a desire to gain mastery over what it takes to be consistently successful…where success is defined as an unwavering commitment to and follow-through of trade planning and rule based protocols.” – Dr. Woody Johnson


  
Eye-opening trading lessons: http://www.harriman-house.com/experttraders

Wednesday, February 12, 2014

Angry Traders and Investors

“If you are driven by the stock price you are going to go crazy.” – Michael Bigger

There’s no speculator in the world that hasn’t, in one period or other in their career, experienced the emotion of anger. Every trader becomes angry because of some reasons. Even the renowned Dr. Van K. Tharp (a trading specialist) was once trading in an angry mood. Then, he was losing and he became angry. The more he lost, the angrier he became and the more he lost.

Trading is hard enough. So any factor that makes the matter worse - whether internal or external – would only add up to our livid state of mind. For many traders, it’s because of negativity they sustain now and then. Traders and investors are angry and you can see that in their comments, actions and trading results.

“What is my broker doing to me? Yes, the loss is becoming bigger and bigger. The account is going down. That fundamental analyst is an asshole! The website that recommended these shares as a sell opportunity has clearly misled me. They don’t know what they’re doing. Don’t they know that the trend on the chart is up, the MACD signal lines and histogram are above the zero line, and the Parabolic SAR is below the price? What are the Fibonacci ratios doing? Why couldn’t they use Andrew’s Pitchfork? Albeit, most renowned chart analysts also thought the shares would plummet. Why does the market always have me in mind so as to ruin me?”

Nevertheless, does anyone care? Culpable souls, events and situations are no longer a curiosity. Are they? We blame our leaders and politicians? You criticize anything or anybody that falls short of your standards or expectations. You deprecate positions that aren’t going in your favor. You are quick to judge everything around you. Signals strategists, brokers, North Korea, Euro’s unpredictability, Mark Carney, technical experts, software vendors, cliques, trade shows, central banks, interest rates, earthquakes, cyclone, harsh winters, the unrest in the Middle East, unemployment rate, power failure (you also want to sue your Internet service providers), global warming, stock tipsters, TV media, tape readers, assassins, nuclear holocaust, hypocritical religions. You condemn your cruel manager, selfish chairman, CTAs, CFOs, UFOs, scalpers, high frequency trading, position traders, your fellow traders, insider traders, the bulls, bots manufacturers, drug dealers, street thugs, traffic jam/noises, racism, unfulfilled promises, unequal opportunities, bleak future, headache, sky-high commodity prices, Cuba, Syria, and Central Africa. You deprecate your printer, your pet, incompetent cook, harsh tax laws, police surveillance, your irritatingly haughty neighbors, and unforgiving spouse. Your favorite team lost their match. Your kid is a nuisance; and the list goes on. You are frustrated with everything.

“I know what I’m doing. It’s those skunks that are insane. This thing has made me vulnerable; I can’t control what the price is doing to me, for I’m just looking at the screen helplessly. My situation is hopeless – a prey of those institutional speculators. Why is Smart Money after me? Why do they want to ruin me? Why are they so bold? But I made the right decision before I sold the shares!”

Can this approach help you?

You’re blindly furious, you punch you iPad, bang the door, break the dish, swear oaths loudly, scream at a skunk, threaten the security guard, or drink yourself into stupor. You’re totally helpless. You can’t be helped until you see yourself as the source of your trading problem and the source of your solution. You create the trading results you get. Stop blaming others and put the blame on yourself; otherwise, you can’t find any solution. If it’s going to be, it’s up to you. The things, countries and the people mentioned above (plus anything/anybody you might’ve condemned), didn’t place your trade for you. You made your own trading decisions and you should accept the outcome.

You can decide to buy, sell or remain neutral – irrespective of what experts or automated signals are saying. No-one forces you to take a position against your wish. You think it and come up with a resolution. If you make gains from your trading, who do you praise? According to the quote above, those who watch the prices every minute are going to go crazy. It pays to focus on the big picture and stick to your safety rules in trading. Day trading is full of stress and you’re bound to get offended by the markets. You can’t enjoy profits without experiencing the bitterness of losses. Sane traders know how to accept profits and losses with calmness of the mind, no matter how long a losing or a winning streak is. They just keep on managing their positions and controlling their losses. For those who passed out of the school with good grades, achieve enviable results in other areas of human endeavors, collect paychecks regularly etc., it’s not easy to accept loss in trading. They prefer 100% hit rate if possible. They don’t want to think that they can still survive in the market with only 33.3% hit rate.

R. J. Hixson says that trading in an angry or depressed state can be as dangerous to your equity as trading in an ecstatic state. Anger can’t improve any statistics in anything, as far as your trading career is concerned. The angrier you’re, the more blunders you’d commit, which you’ll eventually regret. Make sure that you speculate on the trends you can comprehend and the markets you prefer. Even if your stops are hit after that, it’s your decision. Don’t add to your losers!

Conclusion: Instead of deprecating your adverse lot as a trader, you can trade successfully. This is the good news. Help is available. You just need to develop deep love for the markets and fuel your passion for successful trading principles by talking and sharing it again and again. Talk and discuss trading and its potential. Discuss with people of like passion…. Don’t spend time on wrong information that could dissipate your zeal; don’t get discouraged by those who’ve no passion trading.

This piece is concluded with the quote below:

“It's difficult to trade with a peak performance mindset when you're in a bad mood. The more you can control your emotions, the more likely you are to maintain a winning edge.” – Joe Ross


 Eye-opening trading lessons: Lessons from Expert Traders

Tuesday, February 11, 2014

Annual Trading Forecast on Apple (2014)

After an exponential drop in January 2014, Apple shares (NASDAQ:AAPL) are trying to shrug off further southward pulls, as they trend northward. Is this sustainable?

Should the price go determinedly upwards, now would be a good entry point for the bulls. The RSI period 14 is almost crossing the level 50 to the upside, and by the time the price breaches the resistance level at 540, the RSI would have reached the level 50. A break above the upper Trendline is also a confirmation of the northward outlook.

Conclusion:  In this year, it is possible that Apple would test the resistance levels at 540, 560 and 580. Some trading approaches follow dominant trends, and a result of this, the approaches would not pull their weight when a dominant trend enters an equilibrium phase. We want to play a market that showcases a stable bias: a dependable directional movement and false breakouts that are few and far between.

This forecast is ended with the quote below:

“As important as position sizing strategies are to trading success, your psychology is even more important.” – R.J. Hixson

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders


Annual Trading Forecast on Barclays (2014)

Barclays stock (LSE:BARC) is not an attractive market right now, but it may go northward this year.

4 EMAs – 10, 20 50 and 200 are used in the chart. The color that stands for each EMA is shown at the top left part of the chart.  The bullish effort that happened in January 2014 was rejected and the price plummeted. Right now, the price is making a renewed effort to go upward and recover its latest losses. The EMA 200 has been tested and it could be breached to the upside. When this ‘Golden Cross’ is accomplished, the other EMAs would align themselves to support the bullish effort. The demand zone at 260 should serve as a barrier to any serious southward attempts.

Conclusion: Eventually, Barclays stock could reach the supply zones at 300 and 400 this year. One way to make more gains in the market is to follow the line of the least resistance. That is why it pays to look for the direction favored by the market. Once found, one need not bother about the reasons behind the dominant bias, for a market cannot trend strongly in a direction without a good reason. This remains the most crucial thing to do: looking for high probability trades that give you a huge edge. Then you can manage your positions as you lock in more profits.

This forecast is ended with the quote below:

“Winning traders have high levels of risk tolerance. If you have trouble taking risks, you'll have trouble trading the choppy, volatile markets in the short term.” – Joe Ross

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders



Monday, February 10, 2014

JPY Pairs Pullbacks Trading Signals (February 10 - 21, 2014)

Instrument: USDJPY
Order: Buy
Entry date: February 10, 2014
Entry price: 102.208
Stop loss: 101.206
Take profit: 104.206

Instrument: AUDJPY
Order: Buy
Entry date: February 10, 2014
Entry price: 91.473
Stop loss: 90.462
Take profit: 93.463

Instrument: CADJPY
Order: Buy
Entry date: February 10, 2014
Entry price: 92.481
Stop loss: 91.465
Take profit: 94.463

Instrument: CHFJPY
Order: Buy
Entry date: February 10, 2014
Entry price: 113.969
Stop loss: 112.950
Take profit: 115.950

Instrument: EURJPY
Order: Buy
Entry date: February 10, 2014
Entry price: 139.466
Stop loss: 138.453
Take profit: 141.453

Instrument: GBPJPY
Order: Sell
Entry date: February 10, 2014
Entry price: 167.704
Stop loss: 166.679
Take profit: 169.679

Instrument: NZDJPY
Order: Sell
Entry date: February 10, 2014
Entry price: 84.522
Stop loss: 83.501
Take profit: 86.501


Recent performances
December 2013 = 5%
January 2014 = 2.1%

Note: The period mentioned above reflects the duration of an open position taken from the signals. For you to know the principles and reasons behind the signals, please see the article titled “An Introduction to a JPY Pairs Pullbacks Trading Method.” The trade and risk management recommendations for open positions are also contained therein. The URL that directs to the article would soon be made available.

Disclaimer: Trading signals are provided for information purposes only and shouldn’t be construed as trading advice.


Source: www.tallinex.om

Eye-opening trading lessons: Lessons from Expert Traders

Sunday, February 9, 2014

Daily analysis of major pairs for February 10, 2014

There are new strong biases in the markets which are supposed to continue this week.

EUR/USD: The new lease of energy in the EUR has become strong enough to cause the pair to form a Bullish Confirmation Pattern in the chart. The target for this week is at the resistance line at 1.3700, and the price could even go beyond the target, provided that the buying pressure is strong enough.


USD/CHF:  As a result of the negative correlation principle affecting both the EUR/USD and the USD/CHF, this pair has gone bearish. The price is now trading below the resistance level at 0.9000, and it should trudge reluctantly towards the support levels at 0.8950 and 0.8900 respectively.

GBP/USD:  After testing the accumulation territory at 1.6250, the Cable bounced upwards by over 160 pips, closing at 1.6411. The buying pressure needs to take the price above the distribution territory at 1.6450 before it can be safely said that the recent bearish outlook is completely over.

USD/JPY: There are new strong biases in the markets which are supposed to continue this week. The price in this market has moved above the EMA 56 and the RSI period 14 has crossed the level 50 to the upside. It is thus expected that the price could easily test the supply level at 103.00 later.

EUR/JPY: By the time this cross tests the supply zone of 140.00, a bullish bias would have been confirmed in the chart. This means that the EMA 11 would have crossed the EMA 56 to the upside (the RSI period 14 is already above the level 50). Perhaps the price could also cross the supply zone at 141.00 to the upside.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


Eye-opening trading lessons: http://www.harriman-house.com/experttraders

Thursday, February 6, 2014

Weekly Trading Forecasts on Major Pairs (February 10 - 14, 2014)

There have been significant reversals that threaten the major biases in the markets. However, for the reversals to be confirmed as established biases, they would need to hold out for a few more days; otherwise they would be termed as transitory breakouts.

EURUSD
Dominant bias: Bearish
Following the latest bullish breakout in this market, the bearish bias is almost over. There have been significant reversals that threaten the major biases in the markets. However, for the reversals to be confirmed as established biases, they would need to hold out for a few more days; otherwise they would be termed as transitory breakouts. It is not sensible to quickly assume this is a bull market: the price would need to go above the resistance line at 1.3600, and hold itself above it constantly before the bias can be termed bullish.

USDCHF
Dominant bias: Bearish
Could this pair be going in positive correlation with the EURUSD? This is not a surprise for it happens sometimes. The new bearish outlook in the market should be taken with caution, for it would not really be confirmed until the price maintains its stance below the support level at  0.9000. In the charts, it takes time for Bullish and Bearish Confirmation Patterns to be formed or get violated. In the process, one may stay away from the market when there are mixed signals in the chart, until there is a confirmed directional movement.

GBPUSD
Dominant bias: Bearish
There is a drop and a consolidation phase on the Cable – something which is still extant. The bearish outlook on the market is still very much clear, irrespective of the relatively weak bullish attempts in the market. There is no conspicuous breakout in the market; thus the bullish attempts could be halted at 1.6350, as the price falls further.

USDJPY
Dominant bias: Bearish
On this currency trading instrument the supply level at 102.50 should act as a serious hurdle to the current bulls’ machination, unless the price succeeds in breaching that supply level to the upside, closing above it and remaining above it. Without this condition being fulfilled, the price could drop before reaching the aforementioned supply level.

EURJPY
Dominant bias: Bearish
There is a violent threat to the dominant bearish bias which could lead to a Bullish Confirmation Pattern when the price goes above the supply zone at 139.00. The failure of the price to do this could result in another leg down in the price. Until there is a more conspicuous direction in the market, it would be nice to refrain from taking a position.

This forecast is concluded with the quote below:

“Multiple markets continue to offer plenty of opportunities to prepared traders.  The keys are awareness, preparation, and execution.” – DR. Van K. Tharp




Eye-opening trading lessons: http://www.harriman-house.com/experttraders

Toni Turner: A Happy Market Player

LEARN FROM THE GENERALS OF THE MARKETS - PART 45

“Always remember this: There are traders that have ruined entire accounts but still did not give up and were ultimately successful.” – Marko Graenitz

Toni Turner, a happy American trader, is a trading educator and a successful author of many trading and investment books. Some of the books are: ‘A Beginner’s Guide to Day Trading Online,’ ‘A Beginner's Guide to Short Term Trading,’ ‘Short-Term Trading in the New Stock Market,’ etc. These books are best-sellers and they’ve been translated into some Asian languages. She’s in a high demand as a financial expert at trading forums, expos, money shows and conferences throughout the US. She regularly appears on investment programs on TV channels and other media. Her main goal has been to show traders and investors how to become victorious market players.

Toni’s very good at presenting difficult subjects in easy-to-understand formats for her students and clients. Being a great chart analyst, countless number of people have really benefitted from her opinions on the markets. One extremely grateful student admitted that one of Toni’s workshops has really helped them to become better traders and make more profits. She really cares for her students and clients. Toni is the President of TrendStar Group, Inc. Her official website is: http://www.toniturner.com.

Lessons
To learn from Toni, you would need to join her online webinars, attend her seminars/workshops, attend conferences or money shows where she’s also a featured guest, or buy some of her books. Here are a few of the lessons one can learn from Toni:

  1. What do you do in an overbought or oversold market when you’re in a right direction? When you think the market is overbought or oversold, you can take your profits, or take a partial profit, or set your breakeven stop and then trailing stop (if you’re a trend follower).

  1. There are trading instruments that speculators can watch as leading indicators of the broader markets. One of them is iShares Russell 2000 ETF ($IWM). When these leading indicators go south, it may mean that bears reign. When they go up, it may mean that bulls reign. According to Toni, when we see higher volume on a pullback in the context of an uptrend… higher volume than there was on the prior move up—it indicates that there are more sellers out there on the move down than there were buyers during the move up. When we see higher volume on a rally in the context of a downtrend… higher volume than there was on the prior move up—it indicates that there are more buyers out there on the move up than there were sellers during the move down.

  1. It is agreed that most lose money because they think they must be right always. This either makes them risk too much or run their losses for as long as possible. Whenever you open new positions, you should know where you would want to exit, either for profit or for loss. Losses ought not to be run. 

  1. Toni Turner is a happy trader. If you ‘Google’ her images or see her pictures in most cases, you’ll see a happy trader, full of smiles. Be doing the right things in the market, learning what it takes to be victorious in the markets, finding you purpose as a trader, and realizing you goal, you too can be happy. One doesn’t need to frown always; being sad or full of worry as a result of the vagaries of the markets. You can always be a happy trader.

Conclusion: Many wizards who began trading many decades ago know that rock-solid discipline and self-restraint were the most difficult things for traders to achieve. This is not something that can be achieved with ease, since it takes some serious determination. You trade to make money. Your gains are your reward for staking your money in the markets. You gains are your reward for doing the right thing on the markets, for knowing what it takes to be successful, and for your rock-solid discipline.

This piece is ended by a quote from Toni Turner:


“…For day traders, I think the recent volatility is a great opportunity to earn short-term gains.”

Source: www.tallinex.com 

Eye-opening trading lessons: Lessons from Expert Traders

Annual Trading Forecast on Twitter (2014)

Twitter shares (NYSE:TWTR) bare bound to rise higher this year. There have been consolidating phases in the market, following by upward breakouts.


The ADX period 14 is currently below the level 30, showing a lack of momentum in the market. Plus the DM+ is above the DM-, meaning that the bulls still have some determination here. The MACD (default parameters) have both its signal lines and histogram above its zero line; though not significantly, as a result of the current lack of momentum. When the momentum returns to the market, the price could rise towards the supply zone at 80.00 this year.

Conclusion:  Clem Chambers says if you want to gamble, the stock market is a very convenient place to do it… so the stock market is and always will be the biggest casino around. However, there are stocks that are very attractive and promising, just like Twitter. Twitter shares would go upwards further this year. Most people are not making money from the market because they dread the market, but if you want to reap long-term benefits from the market, you would need to learn the principles and acquire the knowledge that can make you profitable.

This forecast is ended with the quote below:

“Stop being a wuss. Everyone is scared about trading when they start. Only those with a goal in their gut, and determination see it through to achieve trading greatness.” – Louise Bedford

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders


Annual Trading Forecast on FTSE 250 (2014)

FTSE 250 (FTSE:MCX) is currently gloomy for the bulls, but a boon to the bears. The price has been trending southward and it could go further as such.


This stocked formed a top in January 2014 as further northward effort was rejected. Since then, it has crossed the EMA period 21 to the downside, while the Williams’ % Range dropped to the oversold region. There could be a temporary rally in the market, but things would drop further again. The price could go towards the accumulation territory at 15000 this year; or breaking it to the downside. Unlike FTSE 100 (a counterpart of FTSE 250) which was bullish last year but underperformed the S&P 500, this market would keep on being bearish. Again, unlike FTSE 100 which could be going further upward this year, the outlook for FTSE 250 is gloomy. This shows that the two distinct markets can be negatively correlated sometimes.

Conclusion:  Everybody desires success but it’ll be attained by few, for the ladder to success can’t be crowded at the top. FTSE 250, the right thing to do now is to seek short orders. A correct market outlook could enable you to be on the correct side of the trend, so that you go for the highest probability setups and avoid headaches.

This forecast is ended with the quote below:

“You won’t go in a straight line from where you are now, to where you want to be. You’ll get distracted, you’ll fall off course, and you’ll experience some hiccups… That’s why persistence and the support of others who have been in your situation counts…. If you’re zigzagging - you’re doing it right!” – Louise Bedford (Tradinggame.com.au)

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders



Monday, February 3, 2014

Monthly Technical Reviews on Gold and Silver (February 2014)

Here is the current outlook on Gold and Silver.

GOLD: The overall bias on Gold is bullish and last month (January 2014) was in favor of the bulls, save the last week of that month. However, the bullish bias is precarious, and therefore, certain factors must be put into consideration before it is seen as being established. This precious metal moved upward by over 2400 points last month and it is poised to continue going further upwards this month. There is currently a significant bullish attempt in the market and this would be completely confirmed after the price crosses the resistance level at 1270.00 to the upside and closes above it. Looking at the historical data, one could see that the best trading approach for this market is to buy vivid dips in the context of the near-term uptrend.

SILVER: Silver is currently showing signs of weakness and it is not advisable to go long in the market. The current rally in the price is a good opportunity to go long at a dearer price in the context of a downtrend. It is unlikely that the rally would take the price beyond the supply level at 19.70, before the bearish trend resumes. The price dropped by almost 800 points last week (more than 1100 point last month). This month, it could test the demand level at 18.970 again.



Eye-opening trading lessons: http://www.harriman-house.com/experttraders

Sunday, February 2, 2014

Daily analysis of major pairs for February 3, 2014

The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside.

EUR/USD:  The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. However, this may not occur without some upwards bounces along the way, which would tend to be opportunities to go short in the downtrend.



USD/CHF:  The stamina in the USD/CHF may continue this week, especially when the price breaks the resistance level at 0.9100 to the upside. However, this may not occur without some pullbacks along the way, which would tend to be opportunities to go long in the uptrend.

GBP/USD:  This currency trading instrument is also a weak market, but its characteristic upswings and downswings should be expected this week. The upswings should respect the major bias – which is bearish. This bearish bias would continue as long as the price stays below the distribution territory at 1.6500.

USD/JPY: Any rally on this pair would always be limited, and it would tend to pull back in the direction of the dominant outlook, which is southward. For more than 7 trading days, the bears have been unable to push the price below the demand level at 102.00. For the current outlook to be valid, the price must cut through that demand level and close below it this week.

EUR/JPY: This is also a bear market, and it would continue to be bearish this week. Any bullish attempts along the way may not take the price above the supply zone at 139.00; plus the next target in the price is at the demand zone of 137.00: an easy target indeed.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


Eye-opening trading lessons: Lessons from Expert Traders
The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.