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Saturday, February 28, 2015

Weekly Trading Forecasts on Major Pairs (March 2 - 6, 2015)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This market, which was in an equilibrium phase for a few weeks, experienced further weakness last Thursday.  Price dropped by 180 pips, closing below the resistance line at 1.1200. While price might saunter into the territory below the resistance line at 1.1100, it may not be able to go down further from there. The outlook for the EUR is bullish for this week, and therefore, price may rally by 100 – 200 pips any day in the week.   

USDCHF
Dominant bias: Bullish    
One would expect that USDCHF would go northward seriously, just as EURUSD went southward seriously. However, the bullish movement on USDCHF has been limited, for bears are making effort to drag the pair lower. Should price fail to go above the resistance level at 0.9550, it may experience some bearish correction which may take the pre lower towards the support levels at 0.9500 and 0.9450.  

GBPUSD
Dominant bias: Bullish
The outlook on Cable is bullish and it went upwards at the beginning of last week, reaching the distribution territory at 1.5550. Price failed to close above that distribution territory and got corrected downwards, testing the accumulation territory at 1.5400. There is a possibility that Cable may test the accumulation territories at 1.5300 and 1.5250 this week, thus rending the Bullish Confirmation Pattern in the market useless.

USDJPY
Dominant bias: Neutral   
This currency trading instrument has not moved upwards or downwards in a significant mode so far. Price gallivants between the demand level at 119.00 and the supply level at 120.00. One thing is noteworthy: this instrument may trend higher from here, breaking the aforementioned supply level to the downside, and thus targeting another supply level at 130.00. The outlook for all JPY pairs for this week and for the rest of the month of March 2015, is bullish.

EURJPY
Dominant bias: Bearish
Owing to the recent weakness on EUR, this cross experienced a moderate bearish trend. Price moved downwards but further downwards movement was rejected at the demand zone of 133.50. On Friday, February 27, 2015, price closed at 133.93, making a weak bullish effort. As it has been mentioned before, Yen is supposed to be weak this week (and for the most part of this month). Short trades are not recommended on JPY pairs – including EURJPY. A rally is expected on this cross any day.

This forecast is concluded with the quote below:

“Obviously, I need to do something with regards to the markets. That's my passion. Trading is the best way to be connected with the market…” - Julian Marchese



Learn from the Generals of the Markets: Market Generals

Thursday, February 26, 2015

Larry Williams: From $0.01 Million to Over $1.1 Million

LEARN FROM THE GENERALS OF THE MARKETS - PART 61

“According to a popular drink advert in the UK, good things come to those who wait. Trading is no different. It takes time and practice to become a consistently profitable trader. But when you do get there, everything will become very easy.” - Max Munroe

Larry Williams is a very brilliant American trader, author and researcher. He was born in October 6, 1942, in Miles City, Montana, USA. He graduated from Billings Sr. High, in Billings, Montana, in 1960. He also graduated from the University of Oregon, Eugene; being a student of journalism. While at school he was very active in sports. He also belonged to Honorary Professional Fraternity (Alpha Delta Sigma), in which he was a notable member.

He’s written at least, 11 popular books on trading and other important topics. He created many popular indicators like Williams% Percentage Range, COT indices, cycle forecasts and others. With his loyal friend, Louis Mendelsohn, who’s also a trader and software developer, he’s created new cutting-edge analytical tools.

In 1987, Larry Williams was the winner of World Cup Championship of Futures Trading from the Robbins Trading Company. He turned $0.01 Million to Over $1.1 Million in twelve months. That reflected over ten thousand and nine hundred percent returns. He was given an award by the MTA (the Market Technicians Association) in 2014. He also funds a scholarship that is available to the University of Oregon students of journalism and communication who’re creative, but may not have a high GPA.

Larry has been involved in various forms of activities, including politics, charities, researches, trading seminars around the globe and so on and so forth. His website is: Ireallytrade.com.

Lessons:
Here are some of the lessons that can be learned from Larry.

  1. You’re already a trader, according to Larry. How true is this statement! You buy or sell wheat. You travel and exchange currencies. You buy and sell houses. You offer goods for sale, or you buy goods. The list can go on endlessly. You’re already a trader; though in a different sense. Why can’t you then go professional and tap the riches the markets offer you?  Larry lives the life many people can only dream of. He lives in the US Virgin Islands, writes, does research and enjoys trading.

  1. Let’s please see the quote at the beginning of this article. The quote is from Max Munroe, and it says that when one masters the market, one would discover that trading is easier than is thought. This profession has a bad public image because people think it’s extremely difficult to make consistent profits in the market. It’s truth is that this is difficult for those who don’t know what they’re doing. The solution to the problem in the art of trading is simple indeed.

  1. Larry has been trading for more than 50 years. His lasting career means that it is possible to attain a lasting success in your career as a trader.

  1. As far as Larry is concerned, trading excellence runs in his family. 10 years after he won Robbins Trading World Cup Championship, his daughter Michelle (Academy Award Nominee) won the same championship. That was the year 1997. His son Dr. Jason Williams, who’s a psychiatrist at Johns Hopkins wrote a book titled “The Mental Edge in Trading,” which documents the personality of successful market speculators. Do you want trading excellence to run in your family? Do you want your spouse, your children, and so on, to become successful in the markets? Do you want your children to be richer than you?

  1. Part of his secrets is seasonal patterns and market cycles. These things work for traders who know how to take advantage of them. Please go learn about them.

  1. Yes, people can learn to trade. Just like any other professions, trading is an art that can be taught. If you’re interested, you may want to look for a great coach to show you the way. One thing that is special about Larry – unlike most other coaches – is that he also trades. He doesn’t only coach; he trades. Larry has been an educator for just as long as he’s been a trader. There are many coaches out there who can’t trade profitably over the long term, but there are coaches like Larry who can, and does, trade profitably. Larry himself said: “When I teach people how to day trade I put my own hard cash at risk, so you can really see how it works. I have traded $1,000,000 in front of students and gave them back 20% of the profits.” These are the people that are recommended for those who want to learn how to become wining market speculators.

  1. Price is king. It’s the most important indicator and the final arbiter. The bulls and the bears may fight and disagree, but price is the one that will tell who’s right or wrong.

Conclusion: Top traders know they’re victorious only because they accept their errors. That’s why they’re victorious. Accepting errors make them rich, since they also get battered by the uncertainties in the markets. They can be adversely affected by unforeseen crashes and rallies. They can lose money in foreign markets (or make money). Their timing may be sometimes wrong, and they may even invest in wrong stocks. But instead of accepting defeat, they mentally recovered (as the case is always is). They aren’t bothered with a positive or a negative trade. These great speculators are very good at accepting negative trades, making uncertainties their ally, and facing negativity victoriously. That’s why they’re rich. 

This piece is ended with a quote from Larry:

“If you are not yet making money, what do you do? Go back to the basics! My bet is that you have not learned what moves markets...”




Learn from the Generals of the Markets: Market Generals

Wednesday, February 25, 2015

Trading Signals on CAD Pairs (February 26 – March 30, 2015)

AUDCAD = Sell

USDCAD = Sell

EURCAD = Sell

CADJPY = Buy

CADCHF = Buy

GBPCAD = Sell

NZDCAD = 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 size of 0.1 would be used. The breakeven stop is set after about 70-pip profit is made. A trailing stop of 100 pips is set after over 170 pips have been gained.

Recent performances
December 2013 – December 2014 = 12.0%
January 2015 = 0.7%

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



Learn from the Generals of the Markets: Market Generals 


Annual Trading Forecast on HSBC Holdings (2015)

HSBC Holdings shares (LSE:HSBA) are currently downbeat and buyers should stay away. The market has been trending down generally for several months, with transitory rallies proffering opportunities to go short.

Right now, the price is trading below the EMA 21 and the Williams’ % Range period 20 is gallivanting around the oversold region. This is a bear market and it should continue going downwards, reaching the support levels at 40.00 and 35.00 this year. Any rallies along the way should be seen as opportunities to go short.  


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals


Annual Trading Forecast on Bank of America (2015)

Bank of America stock (NYSE:BAC) is currently a dicey market and one should stay away until there is a predictable direction. The price made some effort to go north last year (2014), but there was a sharp pullback in the month of January 2015. The price is now trying to recover from the sharp pullback.

The ADX period 14 and the DM+ and DM- are closely intertwined and therefore, do not give any directional signal. The MACD (default parameters), has its histogram above the zero line, whereas the signal lines are still below the zero line. The market does not look sexy right now.

However, the outlook for this year is bullish and the price may continue going upwards in spite of occasional pullbacks along the way. At that time, the ADX period 14 could have gone above the level 30, and the DM+ could have gone above the DM-. The MACD signal lines and histogram should then be above the zero line: with all this leading to a Bullish Confirmation Pattern in the market. The price may test the resistance level at 20.00 this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals



Sunday, February 22, 2015

Daily analysis of major pairs for February 23, 2015

The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this week.

EUR/USD: This currency trading instrument moved largely sideways last week as the bulls and the bears struggled in vain for significant supremacy, being swayed by transitory buying and selling pressure. There is a support line at 1.1300 and a resistance line at 1.1450; and the price would break either to the downside or the upside. Nevertheless, a break above the resistance line at 1.1450 is more likely this week.


USD/CHF: The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this week.

GBP/USD: The Cable has been able to go high so far, forming higher highs and lower highs in the market. The distribution territory at 1.5450 has already been challenged and it could be challenged again. While the price may go as far as another distribution territory at 1.5500, it is more likely that the GBP may see limited bullish movement this week. In other word, the probability of a southward plunge is high.

USD/JPY:  The USD/JPY did not move significantly upwards or downwards last week. The price has thus consolidated as a rise in momentum is awaited.  A break to the upside is more likely this week or next week.

EUR/JPY:  This market is currently in an equilibrium phase and it would be OK to wait until there is a break below the demand zone at 134.00 or a break above the supply zone at 136.50. The latter action is more likely.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


Saturday, February 21, 2015

Weekly Trading Forecasts on Major Pairs (February 23 - 27, 2015)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
This market is not currently favorable for swing trading, except intraday trading or scalping. This is because the market has not moved protractedly in a vivid direction for weeks. There is a support line at 1.1300 and a resistance line at 1.1450, and a break below that support line or that resistance line would determine the next direction of the market, especially when price closes below the support line at 1.1300 or closes above the resistance line at 1.1450. A close above the resistance line at 1.1450 is more probable because there is a possibility that EUR would rally this week.  

USDCHF
Dominant bias: Bullish    
The movement on this pair is more conspicuous than the movement on EURUSD. In order to see what this market is doing more clearly, it is better to use timeframes that are smaller than the daily chart and the 4-hour chart, like the hourly chart or the 30-minute chart. The bias on USDCHF is bullish in the near-term and price moved upwards by 200 pips last week, reaching the resistance level at 0.9500. From that resistance level, price experienced some bearish retracement of 140 pips, making it to close below the resistance level at 0.9400. Further southward correction could make the near-term bias on this pair turn bearish.  

GBPUSD
Dominant bias: Bullish
Although the bias on the Cable is still bullish, we may see some weakness in this currency trading instrument this week. On Friday, February 20, 2015, price closed at 1.5396, leaving a lower high formation in the market. While price may reach the distribution territory at 1.5500, the northward movement can be limited this week because a possibility of downward movement is greater.

USDJPY
Dominant bias: Neutral   
This market has not moved significantly recently and therefore, price is in an equilibrium phase; being swayed by alternating buying and selling pressure, which is invariably transitory. The demand zone at 118.00 remains a good challenge to southward attempt and there is a possibility that the market can go above the supply level at 120.00.

EURJPY
Dominant bias: Neutral
This cross is also in an equilibrium phase. A price plunge on Friday was quickly followed by an ensuing rally. Price may continue going upward this week or next week, and a movement above the supply zone at 136.50 would result in a bullish Confirmation Pattern.   

This forecast is concluded with the quote below:


“Few financial markets generate as much excitement and profitability as the Forex market does.” – Cornelius Lukas  




  

Wednesday, February 18, 2015

When a Good Strategy Is Losing Money – Part 1

“But in the market any price is always history. It’s the price of the last transaction, holding no guarantee for even the nearest future.” – Dirk Vandycke

What do you do when a good trading system, whose historical results have been satisfactory, gets into a losing streak?  Good strategies lose now and then, and then gain now and then. Losing streaks are alternated by winning streaks, and what you can do is to minimize your losses in losing periods, controlling the drawdowns on your accounts. This is done so that your capital would be intact when a winning period comes around. This is a reality of trading as there’s no way around that. Yet, it doesn’t preclude you from being consistently profitable in spite of occasional drawdowns.

People who’re rational in other fields tend to be irrational when trading. They don’t know that trading is just any other business in life. There’s no strategy on earth (and there’ll never be a strategy on earth) which doesn’t experience drawdowns. No matter what trading approach you’ve adopted, there’ll be periods when the price actions are against you.

We’re happy when we make money, without giving any thoughts to how we control our emotions when we lose. We’re able to remain calm during losing streaks, providing that we’re willing to do that. Let’s think about a system that wins about 65% of the time. That means we may have about 35 losing trades out of 100. When you buy such a system, you can lose the first 10 or 20 trades (or even more) in a row. Then you conclude that the system is trash. You don’t know that the system would soon start winning many trades in a row.

Trading has to with probabilities and profits are analyzed over a long period of time – not over a short period of time. When about 100 trades are analyzed, then you’d see the merit of a good strategy. Trading should be treated like an enterprise: losses being the cost of running the enterprise and profits being the reward you gain from your venture.

Our society is rife with perfectionism tendency, and that’s why there are many people who criticize everything, expecting too much of other people while they themselves aren’t perfect. Those who do well in life are probably correct less than half of the time, yet, mistakes are often ridiculed. Perfectionism has no place in profitable market speculation. You got to know that one needs to stick to a positive expectancy system even in a period of losses, for it’ll soon be in a winning period. However, most people dump such a system and look for another fool-proof one. The truth, however, is that another ‘fool-proof’ system that has good results in the past would also experience drawdowns. Would you then dump such a system again? You might trash the new system and look for another one.

For you to be called a super trader, you got to stick to a good strategy throughout its vicissitudes. Profitable speculation in the market needs perseverance, rules, and determination. You get rich slowly, not quickly. Success comes at cost – it requires effort and doggedness. Keep a log of your trades and look for ways to optimize the system.

Should you disagree with this, you may want to go from one trading method to another, for life. Otherwise, you may want to master a good trading method and stick to it for life. Should you prefer the latter, you may eventually reach financial freedom. A good system makes money eventually, but you’ll need to be faithful to it, which is something that irrational trades don’t want to do.

You make money when a market moves. A fast-moving market like Forex is ideal, since you make money when the move is in your favor. But you don’t make money when then move is against you. Please take risk and money management seriously. This is your life insurance in the markets. All traders experience negativity, but good traders deal with negativity triumphantly. You need to risk only 1%, or better, less per trade. You need to make sure that you don’t go down less than 4% or 5% in total. When the position sizes are too big, it would be difficult to control emotions.

The most important thing in trading is not to lose one’s capital. We trade not to lose, and that’s the only way to prepare for slow and steady growth when the time comes. Only effective risk managers can survive in the markets indefinitely.

We learn much more from losing trades, and we learn very little from profitable trades. Therefore, it’s what we learn from losing trades that make us better traders. In other words, loses are the catalyst that enables us to hone our trading skills.

This article is ended by the quote below:

“Without a plan and money management the best setups in the world are useless.” – Dave Landry




Learn from the Generals of the Markets: Market Generals


Tuesday, February 17, 2015

Annual Trading Forecast on Microsoft (2015)

Microsoft shares (NASDAQ: MSFT) gapped downwards in January this year and since then, they have been making a slow attempt to recover. The outlook this month has been bullish so far.

In the chart, the price has been challenging the upper Trendline and a break above it could make the price trend further north until the last down-gap is filled. A movement above the supply zone at 48.00 would result in a strong bullish outlook in the market. When the RSI moves above the level 50, which is a high probability thing, it would be completely rational to seek long trades only.

With further buying pressure in the market, the supply zone at 50.00 may be attained this year. After all, that supply zone was tested in the year 2014.

This forecast is ended by the quote below:

“Each trader had different strategies, which was incredibly exciting. While
some made 300 trades a day, there were also traders who only executed one trade a week. And every one of them knew exactly what he was doing. That was exactly what I wanted to do!” – Jens Rabe

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals


Annual Trading Forecast on Lloyds (2015)

Lloyds stock (LSE:LLOY) is not an attractive market at the moment. The choppy and volatile price is a pain to the speculator, except one waits for the price to start moving in a determined manner. The high volatility and choppy conditions happened last year and they are also happening this year, though the price is slightly downwards.

4 EMAs are used for this forecast and 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. The current market outlook is slightly downwards, with the price essentially below the EMA 200, signifying the conspicuous present of bears. The price slashes randomly around the EMAs 10, 20 and 50, but remains below the EMA 200.

Should the price fail to stay below the EMA 200, a Golden Cross could be the end of the present rough market and things may turn bullish. Until then, it is better to stay away from this turbulent market.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals




Sunday, February 15, 2015

Daily analysis of major pairs for February 16, 2015

The EUR/USD has been making commendable effort to go upward in the context of a downward bias. This effort has enabled the price to close above the support line at 1.1350 and a movement above the resistance line at 1.1500 would result in a clean Bullish Confirmation Pattern in the market. The outlook on the EUR/USD for this week is bullish.

EUR/USD: The EUR/USD has been making commendable effort to go upward in the context of a downward bias. This effort has enabled the price to close above the support line at 1.1350 and a movement above the resistance line at 1.1500 would result in a clean Bullish Confirmation Pattern in the market. The outlook on the EUR/USD for this week is bullish.


USD/CHF: Although the outlook on this pair is bullish and the price is supposed to be going upwards, there is now a high probability that there could be some short-term or protracted pullbacks in the market. One thing is sure, the possible pullbacks would not be permanent and the price could continue its upward journey after that (even if it would be a consolidation to the upside).

GBP/USD: This currency trading instrument trended upwards last week, testing the distribution territory at 1.5400. That distribution territory is currently being battered and it would be breached to the upside as the price continues its northward journey.

USD/JPY:  This pair rose by 200 pips last week and later fell by another 200 pips. From the demand level at 118.50, the price almost reached the supply level at 120.50, after which the gains made by the bulls were forfeited. The bullish bias on the pair, however, still remains logical.

EUR/JPY:  This cross closed at 135.34 on Friday, February 13, 2015. The cross is trying to go further upwards and a movement above the supply zone at 136.50 would result in the invalidation of the recent bearish outlook plus a new ‘buy’s signal.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


Saturday, February 14, 2015

Weekly Trading Forecasts on Major Pairs (February 16 - 20, 2015)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
Although the recent bias on this market is bearish, it should be noted that bulls have been making effort to push price higher. Price consolidated last week and traded upwards a little, closing at 1.1390, on Friday, February 13, 2015            . The outlook for this week (and for the rest of the month) is bullish. A movement above the resistance line at 1.1500 would lead to a clean Bullish Confirmation Pattern in the market.   

USDCHF
Dominant bias: Bullish    
This market is currently volatile as bulls and bears engage in power tussle, leading to a vivid equilibrium movement. The current bias is bullish but there is a probability that the pair would no longer trade upwards in a significant mode this week. This is because EURUSD may move north, and as a result of this, the negative correlation effect may pose a challenge to the bullish bias, causing some pullbacks in the market.

GBPUSD
Dominant bias: Bullish
Cable - which assumed a bullish bias a few weeks ago – experienced a smooth bullish run at the latter end of last week. Price rose from the accumulation territory at 1.5200 and reached the distribution territory at 1.5400: a movement of 200 pips. The distribution territory at 1.5400 is currently being battered and it could give way for further northward trend. This week, price could challenge another distribution territory at 1.5500. 

USDJPY
Dominant bias: Bullish   
Last week, USDJPY rose from the demand level at 118.50, almost reaching the supply level at 120.50 (another move of 200 pips). From around the demand level at 120.50, the pair has dived, thereby rendering the effort of the bulls useless. Between the supply level at 119.00 and the demand level at 118.50, price has become volatile. Only a break below the demand level at 118.00 could render the recent bullish bias invalid. Without that, price may rise upward from here.

EURJPY
Dominant bias: Bullish
Indeed, this cross made some commendable effort to go upward last week. Short trades are not currently recommended in this type of market, because it is expected that the cross would continue to meander its way upwards this week and next week, although not without visible attacks from bears. This expectation is logical as long as price stays above the demand zone at 134.00.  

This forecast is concluded with the quote below:

“A trader who feels serene and relaxed can focus on looking for the best and safest trades.” – Dr. Alexander Elder






Wednesday, February 11, 2015

Barry Rosenstein: Why He Spends Money As He Likes

LEARN FROM THE GENERALS OF THE MARKETS - PART 60

“By now, most private investors know that there are some grandmasters in the world of finance. It would be considered poor form not to emulate these… industry superstars.” – Jens Rabe

We want to take a closer look at a hedge-fund titan - Barry Rosenstein. He’s the man who owns a record $147M mansion. He’s a self-made billionaire who made his fortune from the markets.  He obtained Bachelor of Arts/Science degree at Lehigh University in 1981, and got his MBA at University of Pennsylvania Wharton School in 1984.

He worked as an investment banker at Merrill Lynch and then was hired by Asher Edelman. He’s been investing huge amounts for money for decades. Before he founded Jana Partners hedge fund in the year 2001, he worked at several other firms. Since he founded Jana Partners, he’s been making around 23% profits per annum. Jana Partners now manages $7.5 billion dollars. He’s become highly paid. For instance, he was recently paid $250 million in one year, and he’s now worth at least $1.3 billion

A lover of yoga, Barry lives in New York, USA. His wife is Lizanne Rosenstein and he has children.  

Lessons
These are some of the lessons that can be learned from Barry:

  1. Barry’s beginning was humble. He was once put on a salary while he was still in his early 20’s. He didn’t take him long, however, to become very rich.  He made his vast fortune from the markets. You may eventually be as rich as him or richer than him or not as rich as him. One thing is sure: you can become very rich as a result of your activities in the markets.

  1. His vast fortune stemmed from making decent profits per annum, not from doubling his accounts now and then.  For example, he made 16% on Jana portfolio in the year 2006, plus another 17% in the firm’s small cap. He’s considered a genius not because he makes hundreds of percentage per annum.

  1. Barry is one of the richest men in America and has made professional and personal purchases, some of which have made him unpopular. He once bought a duplex apartment at 15 Central Park West at $29 million and spent another millions to refurbish it according to his standards. He made another purchase as one source puts it, and I quote, “Money can buy you more than just stuff: It all took only eight months to complete. All this pales, of course, next to Rosenstein’s purchase early this month of a Hamptons home for $147 million — the most ever paid for a private residence in the United States. The 18-acre beachfront property has an elaborate garden that was the dream of its former owner, the late Christopher H. Browne, complete with foot paths and bridges over a pond.” Since he doesn’t like the spotlight he gets for his extravagant spending and as a result of that, he plans to spend another $60 million on another apartment in Manhattan.

Several years ago, one billionaire gave cash gifts totaling $3 million to his 10 favorite actresses and actors. That means each actress/actor got a cash gift of $300,000. The billionaire was criticized by the public for wasting money on a very small minority, while there were many causes and people that needed financial assistance. The fact is that, everyone is free to spend their money as they like. The money belongs to him and he chooses how to spend it; just as you’ve the right to spend your money as you like.

Many people want to be financially free but they can’t do what it takes to attain financial freedom. They want to proper, but they don’t have the patience, perseverance and tenacity that can help them achieve their goals. Are these not the people that give online trading a bad image? Now, someone refused to be discouraged, working his way to financial freedom in spite of the challenges that people want to avoid, and they’re now telling him how to spend his money. Whether or not you spend your money as people want, you can’t take your riches to the grave. Let Barry continue to enjoy his money while those who criticize him ponder how to start their own journey towards financial freedom. At least, it doesn’t pay to keep your fingers crossed while criticizing successful people. That can’t put food on your table. One of the ways to financial freedom is online trading. Please start your own journey and when you become very rich, you can spend your money as you like.

  1. One of Barry’s areas of interests is called shareholder activism, which has now become very well known. This is a system in which wealthy funds managers demand radical rehabilitation in the companies they’re interested in; they’ll invest heavily in a publicly-traded company and then demand for financial and managerial changes.

Conclusion: The markets offer riches that can’t be accessed unless you become a trader or an investor. Despite your trading experience, you’re to stand your ground in determination, no matter the challenges and uncertainty in the markets. Refuse to give up or give in to the pressure to quit. Imagine if setting a goal for yourself, you plan to make a certain percentage within a month or a quarter, but you ended up reaching that goal only after six months or one year; don’t feel bad. Instead, say, “I’ll meet the goal sooner next time.” You don’t need to be discouraged simply because you fail to meet a goal for a period of the time.

This article is ended by a quote from Barry:

"I prefer to work behind the scenes and not have a public battle."




Learn from the Generals of the Markets: Market Generals

Tuesday, February 10, 2015

Annual Trading Forecast on Apple (2015)

Apple stock (NASDAQ:AAPL) is currently trending northwards and it should continue doing so this year, although there could be some southward corrections along the way, which should be short-term in nature.

The Apple stock experienced a smooth bullish run last year; consolidating when the year closed. The price has resumed its northward journey, reaching a new high at the time this piece is being prepared.

In the chart, the ADX period 14 is around the level 20, signifying that the market currently lacks momentum (although momentum will soon return). The DM+ is above the DM-, meaning that the bulls have been able to survive ongoing onslaught from the bears. The MACD default parameters have both its signal lines and histogram above the zero line. Indeed, there is a Bullish Confirmation Pattern in the market and the supply levels at 125.00 and 130.00 can be attained in the end.

This forecast is ended by the quote below:

“Each trader had different strategies, which was incredibly exciting. While
some made 300 trades a day, there were also traders who only executed one trade a week. And every one of them knew exactly what he was doing. That was exactly what I wanted to do!” – Jens Rabe

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals


Annual Trading Forecast on Barclays (2015)

Barclays shares (LSE:BARC) are currently strong. The price was strong for the most part of the year 2014, though there were occasionally vivid pullbacks which allowed bulls to go long when things were slightly down and in the context of an uptrend.

Looking at the historical data, it would be seen that the best approach for this kind of market is to buy the dips. The price is currently above the EMA 21, while the Williams’ % Range period 20 is above the overbought level of -20. Clearly, buyers would have made money in this market; plus those who want to enter the market can wait for a pullback towards the support zones at 242.00 and 241.00 before going long.

The outlook on Barclays for the year 2015 is bullish and the price may reach the resistance zones at 280.00 and 300.00 eventually.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets:Market Generals


Sunday, February 8, 2015

Daily analysis of major pairs for February 9, 2015

The EUR/USD is weak and therefore, it is expected that the USD/CHF would be strong. The outlook for the latter is bullish and the outlook for the former is bearish. As said in earlier forecasts, this market would continue its slow and gradual upward movement this week, though this may not be without occasional, but short-term bearish corrections.

EUR/USD: The effort of the bulls in this market has invariably been rendered useless by the bears. The resistance line at 1.1500 was challenged but it was not overcome. The bears are currently trying to push the price south; which may enable the price to reach the support line at 1.1300 - an important level in its own right. Only a break above the resistance line at 1.1500 could render the bearish outlook invalid.

USD/CHF: The EUR/USD is weak and therefore, it is expected that the USD/CHF would be strong. The outlook for the latter is bullish and the outlook for the former is bearish. As said in earlier forecasts, this market would continue its slow and gradual upward movement this week, though this may not be without occasional, but short-term bearish corrections.

GBP/USD: The bias on the Cable has become bullish in the near-term. The market moved upwards by 350 pips last week, from the accumulation territory at 1.5000, which has become a formidable barrier to the bears’ machination. The distribution territory at 1.5350 was tested last week and it could be tested again.

USD/JPY: This popular market trended upwards significantly on Friday. Prior to this day, the market was consolidating between the demand level at 117.00 and the supply level at 119.00. A break above the supply level at 119.00 shows a new lease of bullish bias.

EUR/JPY:  On Friday, February 6, 2015, this currency trading instrument closed at 134.81, on a bullish note. The outlook for most JPY pairs is bullish, and this instrument could be going upwards this week. A close above the supply zone at 136.00 would result in an unambiguous Bullish Confirmation Pattern.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


Saturday, February 7, 2015

Weekly Trading Forecasts on Major Pairs (February 9 - 13, 2015)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
In this market, the bullish effort last week was rendered useless when price headed back towards the support line at 1.1300, which was an important support line last week. This support line may be slashed this week; plus the target for the bears is located at the support line at 1.1200. Unless price breaches the resistance line at 1.1500 to the upside and closes above it, it would be assumed that bearish pressure remains in force.                 

USDCHF
Dominant bias: Bullish    
USD/CHF has been moving upwards slowly since January 15, 2015. The perpetual upwards movement has been strong enough to enable the bias to turn bullish. Although this pair is currently far from reaching the level it was prior to the January 15 magnificent earthquakes, price would continue its steady upwards journey. While journeying upwards, there would be occasional pullbacks, which would be transitory in nature.

GBPUSD
Dominant bias: Bullish
From the accumulation territory at 1.5000, this pair went upwards, reaching the distribution territory 1.5350. This market movement of 350 pips has been significant enough to bring about a Bullish Confirmation Pattern in the market. The accumulation territory at 1.5000 has become a formidable defense for the bulls because price has been unable to go breach it successfully in the last few weeks. Although there is a slight bearish correction in the market, it is expected that further bearish attempts would be stubbornly challenged at the accumulation territory of 1.5000.

USDJPY
Dominant bias: Bullish   
This currency trading instrument experienced a northward breakout last week. Before this event, the market had been moving in a tight range for a few weeks, not being able to close below the level at 117.00 or above the level at 119.00. The upward break that occurred last week has enabled price to close above the demand level at 119.00 on Friday, February 6, 2015. Price closed at 119.15 and it could resume the northward journey this week, for the signal in the market is currently a “buy.”

EURJPY
Dominant bias: Bearish
The uncertainties surrounding the Euro are one of the reasons why this popular cross has not gone seriously bullish, although the efforts of the bulls can be perceived in the market. The existing bearish bias is potentially in danger, for the outlook on most JPY pairs is now bullish. A break above the supply zone at 136.00 would mean the beginning of a smooth northward movement; otherwise things remain downbeat.

This forecast is concluded with the quote below:

“A consistent 12%-20% annual return will put you in league with some of the best money managers in the world.” - Steve Burns



Thursday, February 5, 2015

You Can Enjoy Trading

“Traders produce success, trading systems do not!” – Dr. Van K. Tharp

Have you ever felt as I did when I was a novice? Sometimes trading turns out to be a far cry from our dreams. Painful results can seem to drag on endlessly, and it can be hard to see a way out or a way to endure. Needless to say, those who endured in the past now enjoy trading and the benefits that come from it. How can you enjoy trading?

Cultivate a Positive View of Trading
We can view trading as a means to an end. If you’re able to acquire what you need as a trader, then your trading is doing what it’s supposed to do.  Successful traders love the feeling they’ve after a long period of trading. They may’ve worked hard to achieve success and their work may’ve gone unnoticed by others – but they know they’ve accomplished something. That thing is a profit.  

Apply Yourself to Trading Mastery
Of course, you don’t become a skilled trader automatically, and not many people cherish engaging themselves in what they’ve not mastered. Maybe that’s the reason why many don’t like trading, for they simply haven’t put forth enough attempt to become good at it.

Focus on How Your Trading Activity Can Benefit Others
Avoid the trap of thinking only about how much money you can make for yourself, but think about how others also benefit from your trading. The world of trading is a unique ecosystem in which you, your family, the broker, the liquidity provider, etc. benefit and can’t do without one another. Think of how those who need help can be helped when you become a rich trader.

Truly, when we strive hard and reach a good level of competence in trading, we can provide for ourselves and our family and we can also help those who’re in need. So trading can make us experience the happiness of giving.

Go to Extra Mile
Rather than simply reaching a level of competence in trading, look for ways to become a super trader. No matter your level of expertise, there’ll always be room for improvement. Set quarterly or annual goals for yourself. Challenge yourself to trade better and with more maturity. When you do this, you’re more likely to enjoy trading. This is because you’re in control of your mindset and actions. You’re doing well because you want just that, not because you’re forced into doing that.

Keep Trading in Its Proper Place
Profitable speculation is admirable, yet we do well to remember that there’s more to life than speculation. Although it’s a noble idea to dedicate yourself to trading success, you need to think of other important things in life. What are these? These are your family and friends and other activities that matter to your spiritual and physical health.

Joe Ross, Van K. Tharp, Anne-Marie Baiynd (quoted below) and many others are examples of persons with balanced trading ethics. They’ve worked hard to achieve success in trading and they’ve left great impression on their clients because of the quality of their services. But in the end, when the job is done, they know how to leave trading behind temporarily and focus on their family and other things they cherish. And you know what? They’re among the happiest traders on this planet. 

Conclusion: When trading seems difficult as a result of a lack of expertise, who among us doesn’t need to work on our endurance? In order to face the ongoing challenges in the markets, we need the kind of determination, patience and inner peace that only conservative risk control and sane position sizing can give us. 

The piece below ends this article:

“Our success is not about how much knowledge we have, but how we make decisions when our senses are heightened by fear or anxiety.” – Anne-Marie Baiynd



Learn from the Generals of the Markets: Market Generals

Wednesday, February 4, 2015

Annual Trading Forecast on FTSE 250 (2015)

FTSE stock (FTSE:MCX) is a bull market. After a deep dip that occurred in October 2014, the market has traded upwards significantly till date, with more room for further bullish trend.

In the chart, 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. All the EMAs are sloping upwards, confirming the strength in the market, which would never be seen as being abated unless the price crosses the EMA 200 to the downside.

There could be pullbacks into the EMA 20 and EMA 50, which would signal great opportunities to go long in the context of an uptrend. This is the best trading approach in this market, as shown by historical data. The outlook for this year is bullish.


This forecast is ended by the quote below:

“Anyone who is familiar with risks and has really understood trading knows how to limit losses – but letting profits really run is a fine art.” – Jens Rabe

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals


Annual Trading Forecast on Twitter (2015)

Twitter shares (NYSE:TWTR) trended downwards in the last few months of the year 2014. The price consolidated towards the end of that year and has done that so far.

It can be seen that the price is now ranging between the upper and lower Trendlines, while the RSI period 14 is above the level 50, suggesting the possibility that the price may go higher from here. The current price action is even bullish in the context of a consolidating market; and should the price break upwards and close above the upper Trendline, it could be the beginning of a long-term bullish movement.

There can be an overall bullish movement which would take the price towards the distribution territory at 55.00 again – a high that was seen last year.

This forecast is ended by the quote below:


“I learned that less is more when I believed that more is better.” – Anne-Marie Baiynd

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals




Tuesday, February 3, 2015

Trading Signals for JPY Pairs (February 4 – March 4, 2015)

USDJPY = Buy

AUDJPY = Buy

CADJPY = Buy

CHFJPY = Buy

EURJPY = Buy

GBPJPY = Buy

NZDJPY = Buy

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 size of 0.1 would be used. The breakeven stop is set after about 70-pip profit is made. A trailing stop of 100 pips is set after over 170 pips have been gained.

Recent performances
December 2013 – December 2014 = 12.0%
January 2015 = 0.7%

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


Source: www.tallinex.com


Learn from the Generals of the Markets: Market Generals

Monday, February 2, 2015

Monthly Technical Reviews on Gold and Silver (February 2015)

 GOLD (XAUUSD)
Dominant Bias: Bullish
Gold went upwards last month, topping at 1307.35. After this, price began to trend lower around the end of that month, resulting in a serious threat to the existing bullish bias.  There is a need for Gold to break the last month high to the upside, while trading further northwards and possibly reaching another resistance level at 1390.00. Failure to do this can signal a beginning of a smooth bearish movement. A break below the support level at 1250.00 would mean the end of the bullish bias, especially when price closes below that level, trending further lower.


SILVER (XAGUSD)
Dominant Bias: Bearish  
The bulls pushed Silver upwards in January 2015, but the bears overpowered them before the end of that month, pushing the market lower. The action of the bears was strong enough to render the recent bullish outlook useless, and it is not currently logical to open long trades here unless price crosses the supply level at 17.6000 to the upside, closing above that level. Without the aforementioned condition being met, Silver may challenge the demand level at 16.7100, and should the bulls fail to defend that demand level, price would go further south from there. 


  

Sunday, February 1, 2015

Daily analysis of major pairs for February 2, 2015

The EUR/JPY made a noteworthy effort to rally in the context of a downtrend, but the overall bias remains bearish. Only a movement above the supply zone at 135.00 can render this bias invalid. Otherwise, further southerly journey is expected this week.

EUR/USD: This pair moved upwards last week and later consolidated till the end of the week. However, the overall bias is bearish. On Friday, January 29, 2015, the price closed at 1.1285, in a context of the downtrend. Only a movement above the resistance line at 1.1450 could render the bearish outlook invalid, for the EUR/USD has remained consistently bearish for a long period of time.

USD/CHF: As forecasted, the USD/CHF has moved upwards in a slow and steady manner and this upwards movement is supposed to continue this week, allowing further upwards movement in the market.

GBP/USD: Last week was characterized by a serious contest between the bulls and the bears, with each side winning temporarily. Towards the end of the week, the bears flexed their muscles strongly and ended up pushing the price lower. There is a now a ‘sell’ signal in this market.

USD/JPY: There was no much activity in this market last week, save occasional short-term upswings and downswings in the market. This week, it is either the supply level at 119.00 is breached to the upside or the demand level at 117.00 is breached to the downside.

EUR/JPY:  The EUR/JPY made a noteworthy effort to rally in the context of a downtrend, but the overall bias remains bearish. Only a movement above the supply zone at 135.00 can render this bias invalid. Otherwise, further southerly journey is expected this week.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


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