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Thursday, March 31, 2016

Lessons from a Social Trading Program

“I realised that the best way to free myself from worries about uncertain outcomes, is to make sure a negative outcome of a specific trade will not affect me.” - Christiaan van der Meer

I recently came across a popular social trading program that enables signals providers to go through various career levels. This social trading program appeals to me because it doesn’t honor those who achieve most profits over the shortest period of the time without considering risk control methods and survivability of trading strategies used over a long period. The organizers of the social trading programs know what it takes to be a winning trader – unlike most competition organizers who flaunt lucky gamblers as market wizards.

There are 5 categories of traders in the program, namely: street traders, advanced traders, professional traders, risk-adjusted traders and institutional traders. Street trader is the lowest level and institutional trader is the highest levels and that is the level that most followers want to follow. You go through each level one after the other, and gradually.

Traders going through each level must not suffer more than 25% at each level.

1.      A street trader must spend 30 days at that level and must make at least 0.5% profits before becoming an advanced trader.
2.      An advanced trader must spend 90 days and must make at least 1.5% profits before becoming a professional trader.
3.      A professional trader must spend 180 days and must make at least 3.0% profits before becoming a risk-adjusted trader.
4.      A risk-adjusted trader must spend 360 days and must make at least 6.0% profits, before becoming an institutional trader, who must spend at least 365 days to get to that level.

Institutional traders are what people want to follow. Honestly, anyone who reaches the institutional trader level really has a proven strategy and safe risk control techniques. One sensible trader follows one institutional trader and he’s happy to have gained 2.1% in a recent month (not 20% or 200% per month that irrational people aspire to).

If trading contests and social trading programs were structured like this, all temporarily lucky suicide traders and gamblers would be prevented from reaching the top: the highest level. Can traders, brokerage firms, trading education websites, and other financial institutions learn anything from this?

A Baptism of Fire
When you buy or develop a new trading methodology, you’re in high spirits, thinking that you’ll soon be soaked in money and you’ll be rich enough to serve your landlord a quit notice. However, your newly-found speculation methodology will sooner or later go through a baptism of fire.

There are merits and demerits of wide stops, tight stops, wide targets and tight targets.

When a take profit level is tight, profits are taken quickly and the hit rate increases. But it’s the disadvantage of missing on larger movements for each trade, therefore making us to miss out on greater profits.

When a take profit level is wide, the hit rate is reduced but few trades that hit the target levels would recover numerous losses. Wide take profit levels are rarely hit in consolidating markets.

When a stop loss level is tight, we’re quickly taken out of the markets in case adverse movements occur and we keep our losses small as well. But it’s the disadvantage of too frequent stop-outs, plus too many small and accumulated losses can become something big with time. We’re also frequently, prematurely stopped out of trades that could end up being profitable.

When a stop loss is wide, we give our open positions enough leeway so that in some cases, we aren’t prematurely stopped out of positions that could end up being winners. This has the potential of increasing our hit rate, but there is a disadvantage of being stopped out eventually, which makes the loss per stop loss trigger a considerable thing because of its width.

If you don’t use stop loss, then you’re a suicide trader and a gambler. This means your risk is unlimited. You may look smart in most cases and for a long time, provided that market are choppy and consolidating, but rare adverse movements will soon occur and your account will go kaput.

If you don’t use take profit levels, then you need patience and discipline to catch rare trending markets which would recover all your past losses and move you ahead. This means your reward is potentially unlimited, though you’re better off using take profit levels.  

To sum it up, someone called “loyek590” on Elitetrader.com wrote: “I've traded the chop and I've traded the trend. The chop is nice because you make money every day. Until that one day that wipes out the whole months profits. Now I trade the trend and lose money almost everyday, until I catch that one rare trend and hopefully it wipes out all those small losses.

This is really a baptism of fire which all traders will face. If your trading methodology can come out victoriously in spite of the advantages and disadvantages mentioned above, then you’ve found a pearl of inestimable value.

Conclusion: There are no perfect trading methods or perfect risk control methods. We simply need to find optimal parameters for our strategies and adapt to the ongoing market conditions. I’m so grateful and happy now that I allow my stops to always protect my capital.  I know a trader who’s never had a negative year in his career – this is possible for all us to attain.

This piece is ended by the quote below:

“Accept drawdowns as part of this business and learn how to deal with them. When you think about increasing your position-size, be aware that more profits usually mean more risk. Get to know your drawdowns and backtest to get an idea of what to expect so that you’re not surprised when it happens.” - Marco Mayer





What Super Traders Don’t Want You To Know: Super Traders

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Tuesday, March 29, 2016

Annual Trading Forecast on Cap-Xx (2016)

Cap-Xx stock (LSE:CPX) now looks like a promising market, owing to the current price action on it. The market has been making persistent bullish effort since the month of February 2016. This is something that has paid off: There is a “buy” signal in the market.

The ADX period 14 is almost above the level 40, showing a strong momentum in the market. The DM+ is also above the DM- (bulls are reigning). The MACD, default parameters, has its histogram and signal lines above the zero line. There is a straightforward Bullish Confirmation Pattern in the chart.

Cap-Xx should continue trending upwards and upwards this year, reaching the supply levels at 8.00, 9.00 and 10.00.  

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders



Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

Annual Trading Forecast on ADVFN (2016)

ADVFN shares (LSE:AFN) have been trending downwards for the past several months. There is a clear downtrend in the chart – a major bias.

The price is below the EMA 21 while the Williams’ % Range period 20 is perpetually in the oversold region. Long trades are not currently recommended on ADFN because the major bias is bearish. This is a kind of market in which the bears thrive.

The downtrend is expected to continue this year. However this, does not rule out possibility of a serious bullish turnaround in a foreseeable future, which would generate a bullish signal once the price goes above the EMA 21 and the Williams’ % Range period 20 saunters into the overbought region.  

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng


Sunday, March 27, 2016

Daily analysis of major pairs for March 28, 2016


  The EUR/JPY moved sideways throughout last week, not going below the demand zone at 125.00, nor going above the supply zone at 126.50. A breakout is imminent this week, which would most probably favor the bulls, because the outlook on JPY pairs is bright for the week. When there is a rally, the supply levels at 126.50, 127.00 and 127.50 would be attained.      

EUR/USD: This pair has been bearish so far since last week. A movement below the support line at 1.1050 would easily render the recent bullish outlook invalid. It is expected that the EUR/USD would trend further south this week, so are most other EUR pairs.



USD/CHF: What is happening on this currency trading instrument is best called a rally in the context of a downtrend. But the rally could continue this week, owing to the expected loss of stamina on the EUR/USD and the fact that CHF could become weak this week (please watch CHF pairs). A movement above the resistance level at 0.9850 would result in an undisputed bullish outlook.

GBP/USD: This currency trading instrument plunged by 400 pips last week, almost testing the accumulation territory at 1.4050. There is a Bearish Confirmation Pattern in the chart and the EMA 11 is below the EMA 56. The RSI period 14 is below the level 50. All this is a bearish indicator and the price would move further downwards this week, reaching the accumulation territories at 1.4050 and 1.4000. The outlook on GBP pairs is bleak for the week.

USD/JPY: The perpetual bullish effort on the USD/JPY has already resulted in a “buy” signal. The price action in the chart subtly reveals some bullish propensity, although the market currently looks choppy. It is expected that the price would target the supply levels at 113.00 and 113.50 this week. It might even go beyond these targets.     

EUR/JPY: The EUR/JPY moved sideways throughout last week, not going below the demand zone at 125.00, nor going above the supply zone at 126.50. A breakout is imminent this week, which would most probably favor the bulls, because the outlook on JPY pairs is bright for the week. When there is a rally, the supply levels at 126.50, 127.00 and 127.50 would be attained.     

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

What Super Traders Don’t Want You To Know: http://www.advfnbooks.com/books/supertraders/index.html 

Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng 


Saturday, March 26, 2016

Weekly Trading Forecasts on Major Pairs (March 28 – April 1, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bullish   
As expected, this pair got corrected lower last week, moving downward by 120 pips before closing while consolidating. The support line at 1.1150 has been tested and it would be breached to the downside this week. EUR would be seen weakening against major currencies before the end of this month, except in the case of EURJPY (making the bias on the market go bearish). Therefore, the support lines at 1.1100, 1.1050 and 1.1000 are vulnerable this week and next. 

USDCHF
Dominant bias: Bearish
USDCHF moved higher by 100 pips last week, closing above the support level at 0.9750. It might be possible for USDCHF to go upwards this week, because further bearish movement on EURUSD could help it to rally. In addition, CHF itself has a probability of becoming weak soon (CHF could be weak versus other majors, save CHFJPY). Thus the resistance levels at 0.9800, 0.9850 and 0.9900 could be attained this week or next.

GBPUSD
Dominant bias: Bearish  
This currency trading instrument went south by roughly 400 pips last week, almost reaching the accumulation territory at 1.4050. Although there is a Bearish Confirmation Pattern in the market, bulls would be seen trying to push up the price this week, with a measure of success. There is an accumulation territory at 1.4000, which would try to hinder further bearish journey. When price turns and goes upwards, the distribution territories at 1.4200, 1.4250 and 1.4300 could be attained this week or next.

USDJPY
Dominant bias: Bearish
USDJPY was seen making bullish effort throughout last week. However, the bullish effort was not significant enough to bring about a change in the dominant bias. It is expected that the pair would continue moving upwards this week, owing to a bullish expectation on JPY pairs. USDJPY would move upwards by a minimum of 100 pips during the week, causing a bullish bias to form in the market.
                                                                                                                               
EURJPY
Dominant bias: Neutral
This cross consolidated throughout last week, neither going below the demand zone at 125.00 nor going above the supply zone at 126.50. A breakout is imminent this week, which would most possibly favor bulls. A closer look at the market shows that the bulls are still determined to effect a rally here, which could make price to reach the supply zones at 127.00 and 127.50.      

This forecast is concluded with the quote below:

“It's useful to remember that you may not win on any single trade, but after a series of trades you will have enough winners to make a profit in the long run.” - Andy Jordan  


 What Super Traders Don’t Want You To Know: http://www.advfnbooks.com/books/supertraders/index.html

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Wednesday, March 23, 2016

Annual Trading Forecast on BP (2016)

BP shares (NYSE:BP) have been very volatile for the past several months. The bullish effort that was made in October 2015 has been rendered useless by the bears. Though the volatility in the market is high, the dominant bias is bearish.

4 EMAs are used for this analysis 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. At the present, the price is in a rough equilibrium phase while the major outlook on the market is bleak. The EMA 200 shows that long trades are irrational on BP.

The current volatility in the market would continue, and it is better to stay away until the turbulence subsides. A closer look at the market reveals that the bulls are currently making some attempt to push up the price, but there would not be a “buy” signal until the EMA 200 is breached to the upside.


What Super Traders Don’t Want You To Know: Super Traders



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Annual Trading Forecast on Nokia (2016)

Nokia stock (NYSE:NOK) is not an attractive thing at the present. The price consolidated from November 2015 to January 2016 and then gapped down massively at the start of February. Since then, the price has moved sideways.

The RSI period 14 remains under the level 50, showing the weakness of the price, which oscillates between the Upper and Lower trendlines. It is possible that the price would soon leave the confines of the trendlines, and when it does, things would most probably be in favor of the bears.

Nokia is under a bearish pressure and irrespective of any base the price might form, it is expected to go further south when a breakout does occur.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders



Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

Monday, March 21, 2016

Trading Signals for JPY Pairs (March 21 – April 8, 2016)

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 lots 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. You need to use your technical analysis to know when to enter, since you may want to trade a pair only after your entry criteria have been met.


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


What Super Traders Don’t Want You To Know: Super Traders

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Sunday, March 20, 2016

The US Is Bankrupt! Most People Just Don’t Know!

U.S. National Debt Clock: Real Time

The US Is Bankrupt! Most People Just Don’t Know:

Please see the live, real-time facts here:  http://usdebtclock.org/      


 What Super Traders Don’t Want You To Know: Super Traders


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Daily analysis of major pairs for March 21, 2016

Last week, the Cable dropped by 320 pips from Monday to Wednesday, and rose steeply by 450 pips on Wednesday and Thursday; only to consolidate on Friday. The price has been trying to go above the distribution territory at 1.4500, which has been refusing further northward movement. That distribution territory would be broken to the upside this week, as the price moves further north.  

EUR/USD: The EUR/USD broke upwards last week, moving north by 280 pips on Wednesday and Thursday. The market could continue going upwards but there is a possibility that the bears might come in and push the price downwards. The EUR could be seen weakening versus some majors this week. 

USD/CHF: This pair dropped massively last week, reaching the support level at 0.9650 and forming a Bearish Confirmation Pattern in the market. This week would see the next direction in the market, which would most probably favor the bulls, for the EUR/USD (which is negatively correlated to the USD/CHF) might drop this week.



GBP/USD: Last week, the Cable dropped by 320 pips from Monday to Wednesday, and rose steeply by 450 pips on Wednesday and Thursday; only to consolidate on Friday. The price has been trying to go above the distribution territory at 1.4500, which has been refusing further northward movement. That distribution territory would be broken to the upside this week, as the price moves further north.  

USD/JPY: This pair broke south on March 16, 2016. On Thursday, the price moved further southward; seriously this time around. Altogether, there was a drop of about 300 pips this week, and the demand level at 111.00 has been tested vigorously, though it seems impregnable to the bears now. There has been a slight upward bounce from that demand level, which would end up being a significant rally because the USD/JPY might gain lots of stamina this week. 

EUR/JPY: This cross simply consolidated throughout last week, without trending upwards or downwards significantly. There are mixed signals in the market: the EMA 11 is above the EMA 56 whereas the RSI period 14 is below the level 50. It is better to stay away from the market until there is a clear directional movement, which would happen this week. When this happens, it would most probably favor the bulls, for the outlook on JPY pairs is bullish this week.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

What Super Traders Don’t Want You To Know: http://www.advfnbooks.com/books/supertraders/index.html 


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng  

Is Dr SID More Handsome Than Wande Coal (Photos)?

I have been wondering who is more handsome between these two celebrated guys – Wande Coal and Dr SID.

I like both of them and I am inspired by their success in the music industry, which is not an easy thing. They’re black, resourceful, fine-looking and amiable.

But see their pics here:

Wande Coal



Dr SID



Who is really more handsome than the other???

Neteller here: www.ituglobalfx.com.ng


What Super Traders Don’t Want You To Know: Super Traders

  

Saturday, March 19, 2016

Weekly Trading Forecasts on Major Pairs (March 21 - 25, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bullish   
From Monday till Wednesday, this pair moved south. Price broke upwards on Wednesday as it rose significantly by 280 pips that day and on Thursday. On Friday, price got corrected lower a bit, closing at 1.1269.  However, the outlook on EUR is bearish for this week, and bulls would experience serious difficulties in pushing price further upwards. This weakness could also be witnessed on other EUR pair like EURCAD and EURNZD.

USDCHF
Dominant bias: Bearish
Last week, USDCHF took a serious battering as prognosticated, given what also happened to USDCAD, EURUSD, GBPUSD, NZDUSD, AUDUSD, etc. After consolidating from Monday to Wednesday, price dropped like a stone on Wednesday and Thursday, testing the support level at 0.9650. While further southward moved is not ruled out, the situation could change this week, especially in the case of EURUSD, for USDCHF might rally considerably when EURUSD trends downwards seriously.   

GBPUSD
Dominant bias: Bullish    
Cable was subjected to strong movements last week. From Monday to Wednesday, price dipped by 320 pips, later to rise on the same day. Within Wednesday and Thursday, price went upwards 440 pips. But bulls have met a stubborn opposition at the distribution territory of 1.4500; they could not push the price beyond that accumulation territory. Should bulls succeed in pushing price beyond 1.4500, the next targets would be the distribution territories at 1.4550 and 1.4600. There are also probabilities of pullbacks along the way.  

USDJPY
Dominant bias: Bearish
USDJPY, which was quite choppy in the last few weeks, gave in to gravity last week. Price dropped by 300 pips, ramming into the demand level at 111.00.  Although there is a clean Bearing Confirmation Pattern in the market, price could rally this week. After all, price has been unable to close below the demand level at 110.00 as it bounced off that level. JPY pairs are expected to rally this week, and USDJPY may not be an exception. So it is rational to assume that the bearish journey that occurred last week simply paved way for the bullish journey that could occur this week.
                                                                                                                               
EURJPY
Dominant bias: Bullish
This cross consolidated throughout last week, not moving significantly upwards or downwards. This bullish outlook is still somewhat valid despite the ongoing consolidation, though a breakout is imminent this week. When a breakout occurs, it would most probably favor bulls, because the outlook on JPY pairs is bullish for this week. Traders are advised not to trade against JPY pairs this week.     

This forecast is concluded with the quote below:

“We hope your January through February proves to be profitable. After one more month, March, you can evaluate your quarterly trades to make adjustments. If adjustments are necessary, make sure that they align with your trading plans.” – Tradingeducators  


What Super Traders Don’t Want You To Know: http://www.advfnbooks.com/books/supertraders/index.html

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Friday, March 18, 2016

Default Admin Username And Password List

I wonder why StumbleUpon released such an article several weeks ago. The article quickly went viral because hackers, scammers, etc. would be interested in such.



Yes, there are people with lots of criminal energy who would be pleased to get hold of default a long list of admin login and passwords. You can see the article here: http://www.stumbleupon.com/su/1pBQHu/:kUi-5omk:WIqcuMru/www.anameless.com/blog/default-passwords.html     

Happily, SumbleUpon realized the gravity of this kind of article and quickly removed the article. Thanks to them.

Even if the article was not removed, I am not interested in looking for admin login details of websites. I have more productive things to do.

What Super Traders Don’t Want You To Know: Super Traders



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Thursday, March 17, 2016

Liz Cheval: A Legendary Female Turtle Trader

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 5

“Attach yourself to a trading mentor. The cost will be far less than trying to do it yourself. Swallow your pride and get help. If you cannot afford a mentor, then you have no business trading. Why? Because you are starting out undercapitalised. When you start trading you need, at the very least, daily guidance.” – Joe Ross

Name: Liz Cheval
Date of birth: November 1, 1956
Nationality: American
Occupation: Trader and funds manager

FROM TURTLE TO TITAN
Liz Cheval got a degree in math from Lawrence University in Appleton, Wisconsin, and after that, she worked as a clerk at the Chicago Board of Trade. At that time, there were few women in the world of trading.

Richard Dennis and William Eckhard argued about the possibility of training people and making them successful traders. He decided to train some people and give them his capital to trade.  Richard made an attempt to test his idea, and so, he put out an advert, looking for those who would be interested in registering for a training program. Liz was among those who applied.

She was the only woman among those who applied. It turned out that the interview was simply the opportunity of a lifetime. She passed through an interview and began training with others. According to one source, she was able to earn the respect of her peers, and believed that working in a group of professional, competitive men helped prime her for professional challenges in the future.

After the training, the trainees (also called “turtles”) started their trading career. Liz founded and chaired EMC Capital in 1988, which was based in Illinois. The firm started with $1 million, and grew to have nearly $150 million in managed futures program.

Liz was a legendary market player as well as generous, and down-to-earth. She was kind to everyone. She once made annual profits of 107% for a period of 5 years; and she continued to perform well after that.

Liz died of aneurysm during a business trip to China. She was aged 56. 

What You Need to Know:
  1. It’s good for women to become traders. For women considering entering the financial industry, Liz revealed that she’d always encouraged them to manage money because she believed it to be a gender neutral occupation. No one can dispute women’s contribution based on gender investment management. Your performance is there in black and white profit and loss report. With so much trading done electronically now, money management is a good field for women.

  1. Liz traded based on price action. There was no need to know what the government reports said, or what OPEC was doing or what other economic figures turned out to be. Whatever the fundamentals brought about would be seen live in the markets. She traded what she saw and she was profitable.

  1. Liz was quoted as saying: “You need both a successful trading strategy and, more importantly, a reliable method to adapt the strategy to future market conditions. A successful trading strategy requires robust systems and sound risk management principles. The trading strategy is only as good as your research process. You have to identify robust estimators and develop a process to continually adapt the systems based on these reliable estimators…. You have to be disciplined in executing both trading and research strategies, in good periods and bad. A CTA has to be committed to their strategy whether it is in or out of favor.”

  1. Liz believed that the markets, traders, money managers and investors, need to adapt. The ability to adapt to change is the key to long term success in trading. It’s relatively easy to develop a profitable trading strategy over a short time frame. It’s far more challenging to develop a reliable method to continually adapt the strategy to future market conditions.

Conclusion: There are things you need to overcome or give up before you can attain permanent success in the markets. Joe Ross, quote above, says traders have to give up themselves. They’ve to become different entirely, by overcoming pride, lack of patience, greed, selfishness, fear, intolerance, discontent, anxiety, and lust for money. They need to replace those things with self-discipline, self-control, humility, faith in themselves and what they’re doing, willingness to help others, being content with what the market gives them, joy in place of  anxiety, and love of trading in place of lust for money (adapted from TRADERS’ magazine, October/November 2015).

This piece is ended with a quote from Liz:

“Go for it. Today the physical advantage of men [in the trading pits] is inconsequential because trading is virtually 100% electronic. I give the same advice to both men and women seeking entry level jobs in managed futures. Technical skills are mandatory. Great thinkers and idea creators need technical applications to test and execute trading strategies. Having those skills is a great way to gain entry or to build your own business.”



What Super Traders Don’t Want You To Know: Super Traders

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Wednesday, March 16, 2016

Trading Signals for NZD Pairs (March 17 – April 14, 2016)

NZDUSD = Buy

NZDJPY = Buy

NZDCAD = Buy

NZDCHF = Buy

EURNZD = Sell

GBPNZD = Sell

AUDNZD = 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 lots 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. You need to use your technical analysis to know when to enter, since you may want to trade a pair only after your entry criteria have been met.

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

What Super Traders Don’t Want You To Know: Super Traders

Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng



Annual Trading Forecast on Chevron (2016)

Chevron stock (NYSE:CVX) has been making commendable bullish effort since the beginning of March 2016, although the market has been quite choppy (moving sideways) for the past several months.

In the chart, the ADX period 14 is above the level 20, showing that some momentum may be rising in the market. The DM+ is also above the DM-, meaning that the bulls now have upper hands. The MACD default parameters, has both its histogram and the signal lines above the zero line.  This shows a Bullish Confirmation Pattern in the chart. The price is poised to continue moving up and up this year.

Irrespective of occasional dips along the way, Chevron would break one supply level after the other, to the upside, in the year 2016.

This forecast is ended by the quote below:

“Watching Bach Yen grow and overcome her personal hardships, and realize that trading is her solution has been such a pleasure.” – Louise Bedford

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

Annual Trading Forecast on AIG (2016)

AIG shares (NYSE:AIG) have gone bearish since the beginning of the year 2016. This bearish journey is supposed to continue for the rest of this year.

The price is currently below the EMA 26, and the Williams’ % Range period 20 is sloping towards the overbought territory, which simply means a rally in the context of the downtrend. It might seem that a bullish signal is about to be generated when we look closer at the chart, but there cannot be a bullish victory until the resistance level at 55.00 is breached to the upside.

In case the price goes below the EMA 21 and the Williams’ % Range period 20 goes back into the oversold region, the extant bearish outlook on the market would be reinforced.   

This forecast is ended by the quote below:

“We plan out what we are going to do before the market actually does it.” – Sam Evans

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders



Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

Sunday, March 13, 2016

Daily analysis of major pairs for March 14, 2016

The EUR/JPY ended up being bullish last week, having formed a Bullish Confirmation Pattern in the chart. The supply level at 127.00 has been tested and it would be tested again, as the bulls are determined to continue pushing the price upwards. The price is supposed to continue moving upwards this week, reaching the supply zones at 127.50 and 130.00.       

EUR/USD: This pair ended up being bullish last week, especially as the price skyrocketed from the low of 1.0821, which was formed on Thursday (March 10, 2016). From that weekly low, the price skyrocketed by almost 400 pips, bringing an abrupt end to the recent bearish outlook on the market. There is now a “buy” signal on the EUR/USD, for the price could continue moving higher this week.



USD/CHF: The USD/CHF ended up being bearish last week, especially as the price fell from the high of 1.0092, which was formed on Thursday (March 10, 2016). From that weekly high, the price fell like a stone, by almost 280 pips, bringing an abrupt end to the recent protracted consolidation in the market. There is now a “sell” signal on the USD/CHF, for the price could continue moving lower this week. Generally, the USD would be facing attacks at many fronts, since the GBP/USD, EUR/USD and especially, the NZD/USD, would be seen trending upwards this week.

GBP/USD: In spite of occasional shallow corrections on the Cable, the bulls managed to push up the price by roughly 250 pips last week, as the price closed at 1.4383 on Friday, March 11, 2016. The EMA 11 is now above the EMA 56 as the RSI period 14 is above the level 50. Normally, the price should continue going upwards this week.

USD/JPY: What this currency trading instrument experienced last week could best be called “wild volatility.” There were sharp upswings alternated by sharp downswings in the chart, with no clear victory between the bull and the bear. However, there should be a directional movement this week, which would most probably favor the bulls.

EUR/JPY: The EUR/JPY ended up being bullish last week, having formed a Bullish Confirmation Pattern in the chart. The supply level at 127.00 has been tested and it would be tested again, as the bulls are determined to continue pushing the price upwards. The price is supposed to continue moving upwards this week, reaching the supply zones at 127.50 and 130.00.      

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

What Super Traders Don’t Want You To Know: http://www.advfnbooks.com/books/supertraders/index.html 


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng  

Saturday, March 12, 2016

WIN A TAX FREE SALARY FOR A WHOLE YEAR (From Neteller)!

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What Super Traders Don’t Want You To Know: Super Traders


10 Things You Can Do On A GTBank ATM

Guaranty Trust Bank has updated its ATM machines with exciting services to make life easier such as:



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What Super Traders Don’t Want You To Know: Super Traders



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Real-time, Live Data of Numbers of Abortions, Divorces, Deaths, Births, etc. Going on in the World


Real-time, live data of numbers of abortions, divorces, deaths, births, cancer incidence, population growth, HIV infection, prison growth, population growth, forest lost, species extinct, etc. etc. going on in the world.


This is updated in milliseconds…




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What Super Traders Don’t Want You To Know: Super Traders


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4 CLEAR Signs SHE Would Break Your Heart

At the start of a new relationship, it’s easy to overlook the clear cut signs that she’ll break your heart because of genuine attraction, excitement or just the fact you’re getting some action. However, with the majority of relationships destined for failure, you need to be selective and end a sour one before too much of your time and energy has been invested. For your benefit, here are 4 signs that she’ll break your heart.

1. She was already involved when she met you: The two of you hooked up when she was dating another guy or even worse–you’re dating a married woman . While it can be easy to discount logic and naysayers when you’re head-over-heels in love, but sooner or later you’ll realize that you’ll never be able to fully trust her. After all, how do you know she wouldn’t start dating someone else? A cheat is always a cheat.

 2. She’s still close with her exes: If you meet a girl that is able to stay good friends with her exes and gets a lot of calls from a lot of guys who all seem very close to her, she’ll damage you. She may have some “friends with benefits” things going on with her exes, and the fact that she finds men so disposable means that she never really builds up strong relationships anyway. If you’re looking for a serious relationship, never get involved with a girl who easily switches from viewing as lovers to treating them as friends.

3. She has deep-rooted issues: Whether it’s problems with alcohol, drugs, or psychological issues, if there’s something in her life that you’re always second place to, this relationship is not going to last long.

4. She’s very secretive and lies a lot: If your girl isn’t big on telling the truth, doesn’t feel guilt over her constant lies, does whatever is “easiest” to get by rather than dealing with the truth and simply tells you what you want to hear, you should end it sooner rather than later.




What Super Traders Don’t Want You To Know: Super Traders



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Friday, March 11, 2016

Weekly Trading Forecasts on Major Pairs (March 14 - 18, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bullish   
This pair consolidated from Monday to Wednesday, breaking out northward on Thursday (March 10, 2016). On that day, price first spiked downwards and then rallied significantly, testing the resistance line at 1.1200. There is a Bullish Confirmation Pattern in the market and it is possible that the price would continue going northwards this week, going above the resistance line at 1.1200, and testing another resistance lines at 1.1250 and 1.1300.  

USDCHF
Dominant bias: Bearish
USDCHF was merely consolidating between the support level at 0.9900 and the resistance level at 1.0000. On Thursday, the market performed a false breakout above the resistance level at 1.0000 and later trended strongly downwards. This has led to a “sell” signal in the market, which might continue this week. USD will be facing challenges from some major pairs, like EUR and GBP (even NZD will rally this week, for it would be strong versus other currencies). So USD is in for a serious battering this week.  

GBPUSD
Dominant bias: Bullish    
As it was mentioned last week, this currency trading instrument rallied, testing the distribution territory at 1.4400 and closing at 1.4383 on Friday. Price is supposed to continue going upwards this week, targeting the distribution territories at 1.4450 and 1.4500. Price might even move beyond these distribution territories, but not without attacks from bears, who would show enough desperation in dragging price south.  

USDJPY
Dominant bias: Neutral   
USDJPY went through a turbulent phase within March 7 and 11, with no clear victory between bull and bear. On Monday and Tuesday, price moved downwards. On Wednesday, it moved upwards, while Thursday was full of morbid threats from bears. Bulls dared the bears’ threats on Friday, managing to push price upwards slightly on Friday. What will happen next? The current price action shows that price could continue moving upwards from here, although persistent weakness in USD could cause the anticipated bullish movement to be somewhat limited.       
     
                                                                                                                               
EURJPY
Dominant bias: Bullish
This cross consolidated on Monday, moved downwards on Tuesday and began to rally Wednesday. In fact, the rally that happened on Wednesday took the cross upwards by over 400 pips, as its price tested the supply zone at 127.00. Bulls are still showing willingness to push the cross further north; plus there is a bullish signal in the market. The potential targets for the week are located at 127.50 and 128.00.

This forecast is concluded with the quote below:

“Effective traders are willing to get out of their comfort zones and try new things. I know it might be scary to go into the unknown, but to have more in life, you must take smart risks.” – Louise Bedford  


What Super Traders Don’t Want You To Know: http://www.advfnbooks.com/books/supertraders/index.html

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THE FIVE BIGGEST THREATS FACING BITCOIN

THE FIVE BIGGEST THREATS FACING BITCOIN

Any new, disruptive technology will have its fair share of detractors doing their best to limit its potential.

The idea that people would need their own personal computer for work seemed ludicrous 50 years ago. Why would anyone need a device for making automated calculations? Today, though, it is almost impossible to function in modern life without using a PC.

The automated teller machine, or ATM, was thought to be a needless apparatus by many when it came out. Who would need access to money outside of bank hours? Now, more people use ATMs than go and queue in branches.



Bitcoin is a new concept edging its way into the mainstream, thus, it is not immune to negativity and unfavorable public perception. It is undeniable that the digital currency has its enemies, either real people or perceived notions. So what are some of the biggest problems it faces right now?

The centralization of bitcoin
The idea of mining, for many who first come across the concept of bitcoin, seems bizarre. When broken down into a peer-to-peer way of confirming transactions, however, it makes a lot of sense.

It made a lot more sense, though, when any bitcoin node, on any computer, had a chance to confirm transactions and thus be rewarded a block. But that doesn’t happen anymore.

Although bitcoin was built with good intentions in mind, altruistic systems are often exploited. And this is what has happened to the bitcoin network.

The problem is that there is little incentive to run a node anymore. That’s because powerful machines built specifically for bitcoin’s SHA-256 proof-of-work algorithm have changed its decentralized and more open nature.

This has, in effect, concentrated bitcoin’s confirmation power, leaving it in the hands of only those who can afford thousands of dollars of ASIC hardware.

Bad actors
Bitcoin largely solves the double-spending issue. Despite that, remarkable technical achievement, it doesn’t cater for mistakes, theft and fraud quite so well.

The anonymous digital currency has sometimes attracted the wrong types of people – those looking to prey on others who fall under the spell of a never-ending upward trend for bitcoin’s price.

Whether it’s illegal online marketplaces, pump-and-dump schemes or shady crypto exchanges, they all create a black cloud over the industry. And, every time there is another bitcoin robbery or scam, it draws attention from the mainstream.

Now-failed Mt. Gox was once the dominant exchange.
When leaders in the bitcoin industry are discouraged over their inability to be banked in the US, bad actors are the ones who should be blamed.

The bad actor problem creates a consumer protection issue for bitcoin. When people learn about bitcoin and are lured to products and services that do not follow best practices, as opaque as they may be in this industry, that’s a problem.

As a result, some countries are simply playing safe and pushing bitcoin away from their banking systems.

Reactionary regulation
According to CoinDesk’s 2014 Q1 State of Bitcoin Report, 12% of the 73 countries that have taken some regulatory action on bitcoin can be considered hostile or contentious.

A number of countries taking a stance against digital currencies appear to be more reactionary in their behaviour than seems justified.

One example is India, where a bitcoin exchange in that country was raided earlier this year, causing some bitcoin businesses to cease operating.

In China, the major operators there are talking about upcoming periods of hardship as the government cracks down on bitcoin activities.

Furthermore, amid rumors of a ban on virtual currencies in Russia, organizers recently felt impelled to cancelled a bitcoin conference that was planned to be held there.

These actions perhaps reflect more about the banking systems of those countries than anything a government official says. It reveals that many financial systems don’t want to compete with bitcoin; they would rather regulate it out of existence.

A patchwork of reactionary regulatory policies helps no one. This is especially true since international borders simply cannot restrict bitcoin, the decentralized nature of which makes it impossible to ban.

A better approach could be a wait-and-see attitude towards this new technology, since its advantages could end up befitting everyone. Countries currently taking this kind of approach include Canada and Israel.

Poor mobile platform support
Since last year, Apple has taken a proactive stance towards making sure that users cannot send bitcoin via wallets in its App Store. Furthermore, Google does not allow in-app payments with bitcoin.

Although this has not deterred some developers from creating mobile applications for bitcoin, it’s harming the ecosystem.

These larger technology companies do not want to compete with bitcoin. So they do the same thing as restrictive governments and use their power to regulate it out of existence – within their ecosystem, anyway.

Will bitcoin grow with the rise of smart devices capable of remote payments?
Bitcoin is excellent as a method of remote payment. It could be a competitive credit card alternative – especially in remote transactions with mobile or wearable devices. And this is a much better way to receive and send payments instead of using of QR codes.

Using Bluetooth Low Energy, Near field communication (NFC) or some other wireless technology could change the way people make payments.

However, with billions of dollars relying on the outcome, the major players in the technology industry will do their best to restrict innovations that they do not control.

Low adoption
Given all of the above issues, it's not incredibly obvious why the average person would want to use bitcoin. Sure, there are many theoretical benefits to using a distributed currency.

What is the value, though, to the everyday person who just wants to ensure that money is in the bank?

One issue is that banks often overstepped boundaries and the global economic situation has brought hardship for many since 2008. The appearance of bitcoin on the scene represents something new and offers hope to people jaded by traditional financial institutions.

Circle and Bitreserve are both bitcoin startups that have recently unveiled plans to bring the digital currency to the masses. They plan to do so by bringing the technology's benefits to the consumer market by not exposing user to the bitcoin 'layer' it still depends upon.

Is bitcoin stuck in the early adopter chasm?
Many startups in the bitcoin space tout the 'wow' factor of bitcoin. Yet negative events over the past year have left consumer sentiment less positive than the industry hoped for and this, in turn, has caused tension with policymakers.

In the end, it is possible the best way to get bitcoin's benefits into the hands of people might be to not talk about it at all.


Neteller here: www.ituglobalfx.com.ng


What Super Traders Don’t Want You To Know: Super Traders


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