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Tuesday, May 31, 2016

Plexus Holdings: Further Decline Expected

Plexus Holding shares (LSE:POS) are expected to decline further. Although the price has been consolidating to the upside in the last few months, the overall bias on the market is bearish, plus the Death Cross effect is still in place.


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. Since March 2016, the price has been consolidating to the upside, but it has not been able to stay above the EMA 200 (a good example of the vulnerability of the upside consolidation).

Long positions are not recommended until the price crosses the EMA 200 to the upside - which would require a serious selling pressure. In fact, further decline on Plexus Holding could take the price towards the support levels at 60.00 and 50.00.

This forecast is ended by the quote below:

“If a company has a lot of cash in the bank and no debt, then it's not going to file bankruptcy anytime soon.” – James Altucher  

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


Churchill Mining Will Rise Upwardly, Strongly

Churchill stock (LSE:CHL) would rise upwards again, strongly at this time, following the volatile current correction in the market. The market moved sideways in the months of March and April 2016, broke upwards in May and later got corrected while things remain volatile.


In the chart, the price is around the EMA 21 and will likely go above it very soon, staying above it. As for the Williams’ % Range period 20, it is around the overbought area, revealing that the current momentum in the market is in favor of the bulls. The bias is a kind of bullish, and it would be reinforced as the bulls push the price further upwards.

Churchill Mining could reach the supply zones at 30.00, 40.00 and 50.00 within the next several months. The supply zone at 30.00 itself has been tested and it would be retested again.

This forecast is ended by the quote below:

"If you think a company will be around 20 years from now, then it is probably a safe investment." – Warren Buffet

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, May 29, 2016

Daily analysis of major pairs for May 30, 2016

The USD/CHF managed to go upwards a little on Friday, having consolidated in the first few days of the week. The bulls are still willing to push price northward, and there is a possibility that the resistance levels at 0.9950 and 1.0000 (a parity zone) would be tested. However, it is unlikely that the resistance level at 1.0000 would be broken to the upside, since there is also a threat from CHF, which might gain some stamina before the end of the week.

EUR/USD: As it was projected, the EUR/USD went south by roughly 110 pips last week, closing at 1.1114 on Friday, May 27, 2016. There is a strong Bearish Confirmation Pattern in the market: It is expected that the market would continue to trend lower as long as the USD is stronger than the EUR. Any signs of vulnerability in the USD would cause this pair to skyrocket.



USD/CHF: The USD/CHF managed to go upwards a little on Friday, having consolidated in the first few days of the week. The bulls are still willing to push price northward, and there is a possibility that the resistance levels at 0.9950 and 1.0000 (a parity zone) would be tested. However, it is unlikely that the resistance level at 1.0000 would be broken to the upside, since there is also a threat from CHF, which might gain some stamina before the end of the week.

GBP/USD: This pair went upwards by 200 pips last week; but further bullish movement was rejected as at the distribution territory at 1.4700, which effected an 80-pip correction. That correction has not put the bullish bias on the market in a precarious position, unless price goes below the accumulation territory at 1.4450 (which requires a great deal of selling pressure. The most likely direction this week is northward.

USD/JPY:  The bias on this market has turned neutral, though a closer look at the price reveals that the bulls are still willing to push the price higher, if they would be freed from the bears’ clutches. There are currently mixed signals in the market, and swing traders might want to stay off until there is a directional movement. A breakout is imminent this week. The more the consolidation phase hold outs, the closer the expected breakout occurrence, plus the more predictable the breakout would be when it does occur.

EUR/JPY: The EUR/JPY cross has moved sideways so far this week, and thus, hope of a serious breakout today is very weak. However, there may be a strong breakout this week which would push the price below the demand zone at 122.00 or above the supply zone at 124.00.      

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, May 28, 2016

Weekly Trading Forecasts on Major Pairs (May 30 – June 3, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bearish
Last week, EURUSD went downwards 110 pips, just as it was projected. There is a bearish signal in the market, which would cause its weakness to hold out, as long as USD is stronger than EUR. The pair would continue trudging south this week, unless USD shows any signs of vulnerability. This means that EURUSD could rally in case USD shows any signs of weakness. EUR might also experience some gains against certain currencies.

USDCHF
Dominant bias: Bullish  
This pair trended sideways last week, and moved slightly higher on Friday. There is a Bullish Confirmation Pattern in the market, coupled with a possibility of testing the resistance levels at 0.9950 and 1.0000 (a level of parity of USD with CHF). However, it is unlikely that the price would ever go above the resistance level at 1.0000, because a probable threat from CHF remains. CHF might gain strength versus certain majors – which could also affect USDCHF.    

GBPUSD
Dominant bias: Bullish  
Cable moved upwards 200 pips, testing the distribution territory at 1.4700 on May 25. Price was unable to stay above that distribution territory, since bears fought successfully to halt further rally, effecting an 80-pip correction. This week, the probability of Cable rallying further is higher than the probability of it going south significantly. The outlook on the market is bullish, though constant presence of disgruntled bears is a threat.

USDJPY
Dominant bias: Neutral  
This market was caught in an equilibrium phase throughout last week, with no bullish or bearish victory. Nonetheless, a closer examination reveals that bulls are still willing to push price northward; and they would gladly do so when conditions become favorable to them. In case bulls win, a bullish breakout to the supply levels at 111.00 and 111.50 might be witnessed. The possibility of a northward breakout would be in place as long as price does not go below the demand levels at 108.50 and 108.00.         
                                                                                                                               
EURJPY
Dominant bias: Neutral
This currency trading instrument has been going sideways for 2 weeks. The sideways phase would be in force until price crosses below the demand zone at 121.50, or above the supply zone at 125.50. Those demand and supply zones are strong, and unless price overcomes one of them, this sideways movement would remain. The longer the sideways movement is in place, the more imminent a breakout is (and the more directional the breakout would be when it occurs).   

This forecast is concluded with the quote below:

“The big dogs are making an average profit over lots of occurrences utilizing modern technology and the plethora of ways that they can trade. Even so, the little guys with smaller sized accounts can complete with them and, in many cases, outperform them. That’s because they are small and don’t have liquidity issues or regulatory restraints.” – Phil Newton (Source: Trade2win)




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


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Thursday, May 26, 2016

Ottavio Biondi: Trading with Powerful Strategies

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 9

“As a trader, the brutal truth is that you only get paid for your results. There is no 'time and a half', or over-time rates. We live in a results economy, not a time economy, like people who have ‘jobs.’’ – Louise Bedford

Name: Ottavio Biondi
Nationality: American
Education: M.B.A. (Harvard University)
Occupation:  Trader and fund manager

GETTING A GOOD STRATEGY OUT OF LOTS OF CRAP
Ottavio is a co-founder and managing partner of King Street Capital Management, LP, launched in 1995. He and another co-founder, Brian Higgins, manage the firm’s portfolios.

King Street tripled in asset value from 2006 to 2010, rising to an all-time high of $19.9 billion.

The firm speculates on bonds, equities, currency, warrants, and options across four funds, looking for distressed and undervalued firms, value investing, capital structure trades, spin-offs, mergers, and acquisitions. The firm engages in short and long trades.

Ottavio got married to Jamie Nicholls in 1997.

What You Need to Know:
  1. King Street Capital Management has been doing well overall, though some years were better than others. The year 2011 was an example of a bad year, but the loss was only 1.2%. Compare this with portfolios that lost tens of percentage. Don’t forget that small losses are very easy to recover. In 2012, the firm made a net profit of 12.4%.

  1. Please see the quote above, Ottavio Biondi made a personal income of $100 million in 2013. This is an example of payment for results. 

  1. Sometimes, an empty barrel makes the loudest noises. Most of traders who shout online and on the media aren’t successful in the markets; whereas there are unknown traders, who’re silent, and yet they make cool money consistently. According to Bidnessetc.com, “both Biondi and Higgins seldom appear for interviews or press meetings, since the inception of their fund in 1995 in New York. At the beginning of 2013, the firm managed $18.5 billion and it is yet to conduct an investor day. An investor day is a normal occurrence for many hedge funds, where the managers interact with prospective investors and try to woo them to invest in the fund. The co-founders believe that their primary job is to manage assets rather than mingle with the clients. Biondi’s philosophy puts emphasis on higher returns and believes a better fund performance is the best indicator to attract investors.”

  1. As far as Ottavio’s King Street is concerned, results speak volumes, owing to good strategies the firm uses. For you to get paid as a trader, you need a good strategy. Unfortunately, many strategies are simply useless, while good strategies are as rare as diamonds.  Then how do you get a good strategy when majority of strategies aren’t useful?  A very helpful answer has been provided below, from an invaluable website called Collective2.com. This website is where numerous winning traders use strategies that are copied by many, many thousands of astute investors. Here’s the answer in form of a short article:

The Role of Trash Cans in Developing a Trading Strategy
“When you develop trading strategies as your profession, a large portion of your work ends up in the trash can.

Almost every week I have a new trading idea. And usually, that idea seems "good" to me. So I turn it into a computer program.

Then I study the back-tested results. And usually (about 98% of the time, I estimate) - the so-called "good" strategy goes straight into my trash can.

Why? Because once you analyze a strategy over the course of several years' worth of historical data, you see the blemishes, and you realize that the "good" idea isn't actually so good after all.

Okay, what about those other 2%?

Well, next I look at the results, in the form of a graphical representation of the strategy's equity gains and losses. If the graph look like a mountain range - up and down, up and down - then it goes straight into the trash!

Okay, what next? Next, I look at the average annual performance. Is it higher than the maximum drawdown? No? Into the trash!

Next, I examine the annual gain per position. Is it greater than typical slippage and commission per trade? No? Into the trash!

So, as you can imagine, there's a lot of crap piled up in my trash can, representing hundreds of hours worth of programming, and data analysis, and study. All of it - in the trash.

To me, that's a mark of success. It means I'm selective, and I don't rush into things. I'm dealing with money, after all. One must be careful.” - Gianni Salerno (Source: Collective2.com)



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


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Wednesday, May 25, 2016

LGO Energy – Calm before Storm

LGO Energy stock (LSE:LGO) is in a tight equilibrium phase, which has been going on for the past several months. The price is quite choppy, zigzagging its way forwards, as long as the equilibrium phase lasts.  

In the chart, the price is currently between the Trendlines, and there would soon be a break out of the Trendlines. The RSI period 14 is sloping downwards, now at the level 50. It is very much likely that the RSI would go above the level 50.

Once that happens, it would be logical to conclude that when there is a breakout from the Trendlines, it would favor the bulls, enabling the price to go above the distribution territories at 0.8, 0.9, and 1.00 this year.

This forecast is ended by the quote below:

“When you make an investment in a company, you're making a compromise between what the company is actually worth and what the market thinks it's worth. That's the price you pay for each share. Sometimes this works to our advantage, and a stock is priced below what its fundamentals are worth. That's a bargain.” – James Altucher

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

Angle PLC’s Bearishness Becomes Clearer

Angle PLC shares (LSE:AGL) are bearish at the present. From November 2015 to February 2015, the price was in a downtrend. In March 2016, the price rallied massively, only to get corrected lower in April. The bearish correction is still in force, and it has held out long enough to cause a bearish signal in the market.

The ADX period 14 is below the level 30, showing that the momentum in the market is not currently strong (though that might happen later). The DM- is still above the DM+, which means the desperate bulls are fighting a losing battle, irrespective of what is happening at the moment.

The MACD default parameters, has both its histogram and signal lines below the zero line. There is a Bearish Confirmation Pattern in the chart. The bearishness on Angle PLC will be more conspicuous as the price goes towards the demand zones at 60.00, 55.00 and 50.00 within the next several months.

This forecast is ended by the quote below:

“I feel really lucky to have built up two decades of connections in hedge funds, banks, and all over the investment world to see the latest research, to see what my friends are investing in, and to learn everything I can to keep my edge in the cutthroat investment space.” – James Altucher


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, May 22, 2016

Daily analysis of major pairs for May 23, 2016

As it was forecasted, the USD/CHF was able to move upwards by 160 pips last week, closing above the support level at 0.9900. The next target should be the resistance level at 1.0000, which means a parity area for USD versus CHF. However, there is one challenge the bulls might face this week, and that is the anticipated rally in CHF, which would make it difficult for the bulls to push price far higher.

EUR/USD: In the opposite direction to the USD/CHF, the EUR/USD moved last week. The price closed below the resistance line at 1.1250, as it threatens to test the support line at 1.1200. This support line, including another support line at 1.1150, might be tested this week. Nevertheless, it is possible that the EUR would rally this week – an event that could thwart the extant bullishness in the market. 



USD/CHF: As it was forecasted, the USD/CHF was able to move upwards by 160 pips last week, closing above the support level at 0.9900. The next target should be the resistance level at 1.0000, which means a parity area for USD versus CHF. However, there is one challenge the bulls might face this week, and that is the anticipated rally in CHF, which would make it difficult for the bulls to push price far higher.

GBP/USD: This pair moved upwards by 300 pips last week, and later dropped by 140 pips, to close at 1.4506. There would have been a Bullish Confirmation Pattern in the 4-hour chart, but the bearish correction is conspicuous enough to force the market back into a neutral zone. Nevertheless, the most probably direction this week is northwards.

USD/JPY:  This market is bullish – having moved upwards by 170 pips last week. The EMA 11 is above the EMA 56, while the RSI period 14 is above the level 50. Further upwards movement is anticipated. The price is now above the demand level at 110.00, and the next target is the supply level at 111.00. Certain other JPY pairs could also go bullish this week.

EUR/JPY: The EUR/JPY has moved sideways throughout last week, with price not going above the supply zone at 124.50 or going below the demand zone 122.50.  A breakout would happen this week, which would take the market out of the equilibrium zones. The higher probability is a breakout in favor of the bulls.

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, May 21, 2016

Weekly Trading Forecasts on Major Pairs (May 23 - 27, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bearish
EURUSD went downwards last week, closing below the resistance line at 1.1250. There is a bearish bias on the market, and the support lines at 1.1150 and 1.1100 could be tested. The only thing that can make this happen is continuous stamina in USD as compared to EUR; for the latter would try to gain some stamina this week, against other pairs (please watch EURCAD, EURCHF and EURJPY). Any show of vulnerability in USD might effect a rally in the market.  

USDCHF
Dominant bias: Bullish  
Based on the expectation last week, this pair was able to continue its northward journey. Price moved north roughly by 160 pips, closing slightly above the support level at 0.9900. There is one threat to the existing bullish outlook – the possibility of a rally in CHF. CHF might rally this week, which would affect CHF pairs, and as such, USDCHF would face some difficulties in journeying further upwards. For the pair to go upwards, USD must showcase more stamina that it has at the present.   

GBPUSD
Dominant bias: Neutral  
Last week, GBP gained strength versus other currencies as expected, and surprisingly against USD. GBPUSD went upwards by over 300 pips, reached the distribution territory at 1.4650, where the buying pressure was truncated. Further bullish movement would have resulted in a clean Bullish Confirmation Pattern in the market, but as bears performed a check on the bullish movement, price got corrected by 140 pips, thereby forcing the market back into a neutral territory. There would be mixed signals in the market this week, since GBP would be strong versus some currencies, while weak versus some currencies. In case of GBPUSD, further rally is possible.  

USDJPY
Dominant bias: Bullish  
This market went upward more than 170 pips last week, getting to the supply level at 110.50. There is a Bullish Confirmation Pattern in the market, and price might go further upwards this week, reaching the supply levels at 111.00, 111.50, and 112.00. There are demand levels at 109.00 and 109.50, which should resist bears’ machinations. The bullish outlook would make sense as long as price does not go below those demand levels.         
                                                                                                                               
EURJPY
Dominant bias: Neutral
The EUR/JPY simply moved sideways last week, consolidating between the demand zone at 123.00 and the supply zone at 124.00. Possibility of a breakout is very strong this week, as price may assume a serious trending mode. However, when a breakout does occur, it could be in favor of bulls. Price might target the supply levels at 125.00 and 126.00; plus bullish effort would also be witnessed on certain other JPY pairs, like CHFJPY.

This forecast is concluded with the quote below:

“When a trader sees the market as it really is, rather than what they want to see, the act of trading becomes more relaxed and they become more confident and successful. Does this sound like the type of experience you want trading to be?” – Rebecca Price (Van Tharp Institute)



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


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Thursday, May 19, 2016

Should I Ditch My Trading Method? – Part 2

“Trading can be a matter of probabilities. Sometimes you'll be at the right place at the right time; at other times you won't. That's all right. If you are consumed with perfection and finding the ultimate trading opportunity, you will often miss the trades that are right in front of your nose.” – Joe Ross

Developing a Winning Trading Method 
There are repercussions to be experienced when using a certain approach. You have to think about various market conditions when creating a strategy; otherwise you would end up being frustrated. So what you need to do is to look for proven and time-tested trading setups.  You would not only need to create a speculation approach that works in the long run, but you would also need to use it flawlessly in particular market conditions. This is what would let you appreciate the merit of such trading approach.

  1. Your method needs to respect the dominant bias. Many veterans of the markets who have developed numerous trading strategies agree that they prefer to pick trades in the direction of the trend.

  1. Honestly, it would also be helpful if the method can detect when the dominant bias would be coming to an end or when it would no longer be logical to follow it. This is the real secret behind consistency.

  1. Define your entry points which stack the odds in your favor. For example, it is better to buy a pullback in the context of an uptrend or sell a rally in the context of a downtrend. This allows you to set optimal stops and targets. Buying a rally in the context of an uptrend may cause you to get stopped out before the price has the chance of moving in your favor.

  1. You must always give yourself an RRR of 1:2 or 1:3. This ensures that you make money with only 40% or less hit rate. Then if your hit rate is 50% or above, how happy you will be!

  1. It would be very difficult for you to sustain a huge roll-down on your account if you risk only 0.5% or 1% per trade. This also means that your losses are small and easily recovered.

  1. Of course you continue to trades every new setup as long as you are winning. When your losses exceed a predetermined amount, you may stop trading for the day if you are an intraday trader, or stop trading for the week if you are a swing trader, or stop for the month if you are a position trader. This is the best way to avoid continuous losses in a losing streak. By the time you resume trading, it is probable that you would stumble on a winning streak. For example, I stop trading for the month if I go down more than 7%.

Conclusion
It is normal to become emotional after a losing streak. However, veterans remain calm in a losing streak. They believe in their strategies. They simply know that a winning streak is around the corner, and they remain faithful to their trading rules. This has become their second nature, so easy. This is not easy for noobs who tend to ignore the realities of trading.  Market wizards experience losses triumphantly.  You too need to use subtle approaches and recognize great trading opportunities.

According to Jack Schwager, if you asked most people to categorize good trades and bad trades, you would find the answers to be quite simple… If it makes money it’s a good trade, and if it loses money, it’s a bad trade.  That’s not true at all…

His quote ends this piece:

“Any approach will give you instances of winning or losing.  If you have an effective approach, you will hopefully make more money than you lose.  If you take a trade that follows your process exactly (whatever that process may be… fundamental, technical or otherwise), and if that trade loses money, that was not a bad trade.  It’s only a bad trade if you deviate from your process and lose money.  I would go further and say that if you deviate from your process and make money, it’s still a bad trade.  People have to differentiate between trades that are consistent with a winning strategy, and trades that are inconsistent.  That’s the mark of good and bad trades.” (Source: Thoughteconomics.com)




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


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Wednesday, May 18, 2016

Blinkx – Is This a False Breakout?

Blinkx shares (LSE:BLNX) are experiencing what would rather be called a false breakout. The bullish breakout is in the context of a downtrend, and it can be a trap for the unwary buyers.


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 side of the chart. All the EMAs are sloping downwards; so the current rally attempt might meet a strong opposition at the EMA 200 (though the price is above other EMAs).

The only condition that can render the bearish outlook useless and lead to a bullish bias is when the price crosses the EMA 200 to the upside (a Golden Cross); otherwise, a new lease of bearish run might resume.

Blinkx might go below the demand levels at 20.00, 19.00 and 18.00 within the next several months.

This forecast is ended by the quote below:

“The key to successful trading really is the space between trades!  It’s not just a matter of making the right trades… but also not doing anything when things aren’t right.” - Jack Schwager

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

Strat Aero: A Falling Knife

Strat Aero stock (LSE:AERO) is really a falling knife, despite the current consolidation in the market. When there is a breakout in the market, it would be in favor of sellers, as shown in the price action below.

The price has been trending downwards since December 2015 till now. This is a kind of market that would trend downwards, consolidate a little, trend further downwards, and then consolidate a little. The price moved sideways in February and March this year, for example, and then began to move downwards.

We can see that the price has moved below the lower Trendline, at the end of March 2016. It came down in April and it’s now consolidating. As suggests by the RSI period 14, which is below the level 50. The most probable thing is for the price to trend down when momentum rises again in the market.

Strat Aero may test the accumulation territories at 0.8, 0.7 and 0.5, effectively becoming a penny stock.

This forecast is ended by the quote below:

“There are many characteristics and skills required by traders in order for them to be successful in the financial markets. The ability to understand the inner workings of a company, its fundamentals and the ability to determine the direction of the trend are a few of the key traits needed, but not one of these is as important as the ability to contain emotions and maintain discipline.” - Glenn Curtis

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, May 15, 2016

Daily analysis of major pairs for May 16, 2016

The EURUSD went downwards last week – a movement that has generated a bearish signal in the 4-hour chart. As it was mentioned last week, the outlook on this pair is bearish and further southward movement is expected this week, which could make the price go towards the support lines at 1.1250 and 1.1200.

EUR/USD: The EURUSD went downwards last week – a movement that has generated a bearish signal in the 4-hour chart. As it was mentioned last week, the outlook on this pair is bearish and further southward movement is expected this week, which could make the price go towards the support lines at 1.1250 and 1.1200.


USD/CHF: The near-term bias on this pair is bullish, since it went in the opposite direction to the EUR/USD. This week, further movement to the upside is anticipated because the outlook on USD is bright for the week. Therefore, we could see pairs like the AUD/USD, the NZD/USD, etc. getting affected (of course, the USD/CHF would go up).

GBP/USD: The Cable simply moved sideways most of last week, save the slight dip that was witnessed on Friday. A closer look at the market reveals that the bears have some form of dominance over the bulls. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level 50. In the face of the expected stamina in the USD, the Cable might test the accumulation territories at 1.4300, 1.4250, and 1.4200 this week.

USD/JPY: The bias on the USD/JPY is bullish, though this is something precarious. Unless, the price goes above the supply level at 110.00, the bullish bias would remain weak. On the hand, a movement below the demand level at 107.50 would mean a new lease of bearish outlook. This week would determine what would happen next. 

EUR/JPY: Here, the bullish gains that were realized in the first few days of last week were forfeited in the last few days of the same week. There is currently no dominant bias on the market and the indicators are even giving mixed signals. It is better to wait for a directional movement before taking a position. Conditions surrounding the Yen would dictate the event on this cross this week (as well as on other JPY pairs).

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

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

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

Saturday, May 14, 2016

Weekly Trading Forecasts on Major Pairs (May 16 - 20, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bearish
This pair simply moved sideways in the first few days of last week – a result of deadlock between bulls and the bears. On May 12, 2016, the bears were pummeled and forced to give way, as price moved south vividly, just as it was mentioned in the last forecast. Further southward movement is anticipated this week, because USD is supposed to gain strength versus a number of major currencies, like AUD, CAD, NZD; with EUR included.     

USDCHF
Dominant bias: Bullish  
As it was forecasted before, USDCHF managed to go upwards last week, in spite of desperate opposition from bears. The bullish movement last week was not up to 100 pips. Price is now around the resistance level at 0.9750 (below our targets for last week). The targets at 0.9800 and 0.9850 are still valid: Bulls would push the market upwards, plus price could even go beyond those resistance levels.  

GBPUSD
Dominant bias: Neutral  
GBPUSD was caught in an equilibrium phase throughout last week, save the slight dip that was witnessed on Friday. In the past several days, price has not been able to stay above the distribution territory at 1.4500 or below the accumulation territory at 1.4350. A breakout is imminent this week, which would favor bears because USD could gain some stamina this week. However, GBP would make some gains against other currencies, especially AUD and NZD, since the outlook on them is bearish for this week. 

USDJPY
Dominant bias: Neutral  
USDJPY moved upwards on Monday and Tuesday, and then consolidated for the rest of last week. Since this pair, just like most other pairs, did not experience strong movement last week, the bias on it has turned neutral in the short-term. However there is a probability of tour de force this week, which could trigger a significant movement on USDJPY, driving it above the supply level at 110.50 or below the demand level at 107.50.         
                                                                                                                               
EURJPY
Dominant bias: Neutral
The initial bullish gains that were seen on the first few days of last week were forfeited as a result of a bearish movement that occurred in the last few days of the week. There is a considerable degree of uncertainty surrounding this cross at the moment. But a major determinant of the movement for this week would be conditions affecting Yen, for it to rally or lose strength. Those conditions would also have impact on other JPY pairs.

This forecast is concluded with the quote below:

“Too often, people fail to differentiate wins that come from the market and wins that come from skill.” - Jack Schwager 


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


Thursday, May 12, 2016

Alan Howard: A Self-made Billionaire Trader

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 8

“Try not to do something just because everyone else is doing it. Successful traders are rare. If the crowd is doing it, watch out!” - Andy Jordan 

Name: Alan Howard
Date of birth: September 11, 1963
Nationality: British
Occupation: Hedge fund manager and philanthropist

GIVING BACK TO THE SOCIETY
Alan was born in UK, to a Jewish family. He attended Imperial College London, bagging an MSc. He then began working in the financial industry. 

He co-founded Brevan Howard Asset Management LLP. In the year 2014, Forbes named Alan one of the 40 highest-earning hedge fund managers. In the same year, he was mentioned in the 53rd rank of the Sunday Times Rich List. This is a proof that the fund management company he co-founded has been successful. As of April 2015, Alan was worth GBP £1.5 billion.

One source reveals that Alan serves in other capacities like on the New York Federal Reserve's Investor Advisory Committee on Financial Markets and is one of a group of financial managers who on occasion advise New York Federal Reserve officials on economic policy. He’s also engaged in various charitable foundations that support Jewish causes and other needs.

He was a former director of the Conservative Friends of Israel. Alan is married to Sabine Howard and they’re blessed with 4 children. He lives in Geneva, Switzerland.

What You Need to Know:
  1. Alan is a self-made billionaire. He wasn’t born a billionaire. You might not have been born with a sliver spoon, but you can attain you goal of financial freedom. Alan made his money from the markets, and you can too (though you might not be as rich as him).

  1. No matter how good you’re, you’ll have losing weeks or month. Alan’s Brevan Howard Asset Management had a losing year in 2014, which made the firm forfeit some of its funds.  As long as you are able to survive losing weeks, months or years, you’d be fine.

  1. Veteran speculators often open more positions than neophytes; for veteran speculators follow most of their trading signals religiously while neophytes shrink from fear of opening trades that might turn out to be losers. The criteria being considered by each camp differ, since veteran speculators aren’t swayed by noises.  Neophytes open big positions relative to their portfolios, whereas veteran speculators use prudent volume sizes. Although, veteran speculators open more positions than neophytes, their risk is remarkably less per position. This fact is in harmony with the notion that that equity fluctuations and market impacts are more telling on neophytes’ portfolios. 

This article is concluded with a quote from Charles Sizemore:

“…My style is not right for everyone. Other people try to invest the way I do and fail, just as I often fail when I get outside of my areas of expertise and try a style that is not suited for me.”



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

Wednesday, May 11, 2016

Highland Natural Resources Shoots Up, to Gain 500% More

Highlands Natural Resources shares (LSE:HNR) have shot upwards in a significant mode, and they would go further and further upwards, gaining at least 500% more before the end of this year. There would be temporary dips and pauses along the way, but the overall movement would be in favor of buyers.


This market was completely flat in the past several months, before the great breakout we now witness. The upwards break started last month, following the consolidation to the downside in that month (April 2016). Right now, the ADX period 14 is above the level 50, showing a great momentum in the market. The DM+ is clearly above the DM-, meaning this is the era of the bulls’ hegemony.

The MACD default parameters, has both its histogram and signal lines above the zero line. There is a Bullish Confirmation Pattern in the daily chart and the market is supposed to continue going upwards this year, until it gains about 500%.

This forecast is ended by the quote below:

“As a student of the history of markets it is sometimes useful to look at the very big picture, if only to educate yourself on the ever repeating nature of markets.” -  Chris Tate

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

TERN Remains a Frustrating Market

Tern stock (LSE:TERN) is not an attractive market at all. In fact, it is a frustrating market as the recent price action shows.

Apart from the bearish movement that happened in January 2016, the price has remained trendless, directionless, choppy and irrational since then. The market simply revolves around the EMA 21. The Williams’ % Range period 20 is a kind of going towards the overbought region.

It is better to stay away from TERN right now, being a frustrating market. However, there is going to be a breakout very soon, which would most probably be to the upside, as suggested by what the Williams’ % Range period 20 is showing.

So we could keep our fingers crossed until there is a predictable directional movement.

This forecast is ended by the quote below:

“Markets can go sideways for a very long time. Lengthening out the time scale is also good for your ego – time has a wonderful way of showing how irrelevant you actually are in the grand scheme of things. This alone should prompt an existential crisis among some who believe that their every move is important to the market.” - Chris Tate

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, May 8, 2016

Daily analysis of major pairs for May 9, 2016

The USD/CHF went down on Monday and Tuesday, dipping into the support level at 0.9450. From that support level, further downward movement was rejected as the price started a smooth rally, which took it above the support level at 0.9700. This has resulted in a bullish signal: the price is expected to rally further this week. The outlook on the USD is now bright.    

EUR/USD: This pair moved upwards on Monday and Tuesday, tested the resistance line at 1.1600, and then started a bearish movement. From the resistance line at 1.1600, the price dipped by 200 pips, to close at 1.1403 on Friday (May 6, 2016). Bears would target the support lines at 1.1350 and 1.1300 this week, because some weakness is expected in the EUR.



USD/CHF: The USD/CHF went down on Monday and Tuesday, dipping into the support level at 0.9450. From that support level, further downward movement was rejected as the price started a smooth rally, which took it above the support level at 0.9700. This has resulted in a bullish signal: the price is expected to rally further this week. The outlook on the USD is now bright.   

GBP/USD: After testing the distribution territory at 1.4750, the GBP/USD dropped down by 320 pips, closing below the distribution territory at 1.4450. This kind of southward reversal has already resulted in a bearish outlook on the market. The GBP should be seen strengthening versus some currencies, though it might be facing some difficulties as regards a rally against the USD, because the USD would be strong this week.

USD/JPY: The USD/JPY only moved sideways last week, in the context of a downtrend. The bearish bias on the market is still valid, and further downwards movement is possible. The only exception being that, a possible rally in the USD might make it somewhat challenging for the bears to push the price further downwards this week.

EUR/JPY: This currency trading instrument also consolidated throughout last week, with very short-term upwards and downward swings in the market. The bears are still willing to push the price lower; since the outlook on JPY pairs is bearish right now. It is possible that the price would test the demand zones at 121.50, 121.00, and 120.50 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  

Saturday, May 7, 2016

Weekly Trading Forecasts on Major Pairs (May 9 - 13, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Neutral
EURUSD went upwards on Monday and Tuesday, topping at 1.1615. Since then, price has come down by over 200 pips, closing at 1.1403 on Friday. It is clear that the gains made by bulls have been erased by bears, but the bias on the market would not really turn bearish until price goes below the support line at 1.1300. That is exactly what is expected this week: The outlook on EUR is bearish and the currency would be weakened against other majors. By the end of this week, there could be a Bearish Confirmation Pattern on EURUSD.    

USDCHF
Dominant bias: Bullish  
Between Monday and Tuesday, this pair dipped into the support level at 0.9450. From that support level, further dip was rejected as price assumed a clean northwards movement, closing on Friday, above the support level at 0.9700. That was a movement of over 280 pips! This week, the market area to be attacked first would the resistance level at 0.9750, after which bulls would carry their battle towards other resistance levels at 0.9800 and 0.9850. The bullishness on USDCHF ought to have become more conspicuous by the end of this week.       

GBPUSD
Dominant bias: Bullish
Here, bulls managed to push price towards the distribution territory at 1.4750 – a juncture at which they were overpowered by bears.  Price has come down 320 pips since then, closing below the distribution territory at 1.4450. What next? Since the outlook on USD is bright for this week, GBPUSD might have some difficulties going upwards (although that is not an impossibility). On the other hand, GBP would be strong in its own right, and it may be seen going upwards versus other currencies like EUR, AUD, and NZD.

USDJPY
Dominant bias: Bearish
This currency trading instrument simply consolidated throughout last week, though in the context of a downtrend. The possible direction on USDJPY is ambiguous for this week. We might see bears pushing the pair further southward; whereas it is a probability that could be frustrated by expected stamina in USD. The monthly outlook on JPY pairs is bearish till around the end of the May, when they might rally.          
                                                                                                                               
EURJPY
Dominant bias: Bearish
Last week, this cross also behaved almost similarly to USDJPY. There were fleeting upwards and downwards swings on the cross, while the bias remained bearish. This week, we could see further bearish movement on the cross, which might take price below the demand zones at 121.50 and 121.00. Since the current outlook on JPY pairs is bearish and EUR is also expected to be weakened, EURJPY should decline further.       

This forecast is concluded with the quote below:

I was born in San Juan City, Argentina. It is very close to the Andes Mountains. I have a degree in Business Administration. I've always been interested in trading, but what really forced my hand, and made me absolutely need to become a full-time trader, was a conversation I once had with a professor. When he learned I was experimenting with different automated trading algorithms, he laughed and told me I was a fool to think I could beat the market. Challenge accepted! From that moment, I became a trader!” - Maximiliano Lepez (Source: Collective2.com)




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


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