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Sunday, July 31, 2016

Daily analysis of major pairs for August 1, 2016

The USD/CHF went upwards at the beginning of last week, and almost reached the resistance level at 0.9950. From that point, price declined 300 pips, to close at 0.9635 on Friday and below the resistance level at 0.9700. Price is expected to reach the support levels at 0.9650, 0.9600 and 0.9550 this week. The only threat to this expectation is a possible stamina in USD.

EUR/USD: This pair trended upward strongly last week, making that week see greater volatility on major pairs; unlike what happened between July 18 to 21. Price has gone upwards by 230 pips, closing above the support line at 1.1150. There is a Bullish Confirmation Pattern in the market and price is supposed to continue moving upwards, unless USD experiences a considerable amount of strength.




USD/CHF: The USD/CHF went upwards at the beginning of last week, and almost reached the resistance level at 0.9950. From that point, price declined 300 pips, to close at 0.9635 on Friday and below the resistance level at 0.9700. Price is expected to reach the support levels at 0.9650, 0.9600 and 0.9550 this week. The only threat to this expectation is a possible stamina in USD.

GBP/USD:  This currency trading instrument simply moved sideways last week – in an equilibrium movement which started two weeks ago. The equilibrium phase would end this week or next, providing that price goes upwards or downwards 500 pips. This month, GBP might plummet versus JPY and USD, while going upwards versus AUD and NZD.

USD/JPY: As it was prognosticated at the beginning of last week, the USD/JPY plummeted by almost 450 pips. Selling pressure is also visible on other JPY pairs. USD/JPY is supposed to continue going downwards this week, reaching the demand levels at 101.50, 101.00 and 100.50 this week or next. The outlook on JPY pairs is also bearish for the month of August 2016.

EUR/JPY: In this market, bears are the overall winners last week. Price plummeted by 250 pips on Friday, leading to a vivid bearish signal in the market. Further southwards movement is possible: Price could reach the demand zones at 113.50, 113.00 and 112.50 this week or next.  

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group



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

Saturday, July 30, 2016

Weekly Trading Forecasts on Major Pairs (August 1 – 5, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bullish
This pair assumed a bullish journey last week, going upwards 230 pips. Price topped at 1.1195, closing above the support line at 1.1150. There is now a bullish signal in the market, which shows the possibility of price going further upwards. As forecasted in the last article, major pairs (with the exception of GBPUSD) moved more strongly than they did between July 18 to 22. As long as USD remains weak, EURUSD would continue going upwards. In August 2016, EUR would rally against most major pairs, meeting possible challenges only against JPY and (possibly JPY).


USDCHF
Dominant bias: Bearish
Contrary to expectation, USDCHF declined significantly because USD lost stamina. Although price initially went up by over 90 pips, almost reaching the resistance level at 0.9950, it later suffered a setback. From the high of 0.9949, price move south 300 pips, reaching a weekly low of 0.9635. There is now a Bearish Confirmation Pattern in the market: Further bearish movement is possible this week, provided USD continues its weakness.

GBPUSD
Dominant bias: Neutral
Cable merely went sideways last week – which means the present tight equilibrium phase remains valid. A strong breakout would occur this week or next, which would result in an end to the current equilibrium phase in the market. Normally, there ought to be a movement of 500 pips to the upside or to the downside, for the equilibrium phase to end. In August, GBP would rally versus AUD and NZD, but may experience difficulties in doing so versus JPY (and possibly USD).
 
USDJPY
Dominant bias: Bearish
Just as it was forecasted, USDJPY went bearish, going down 450 pips last week. Bulls fought gallantly against the bearish trend that started at the beginning of last week, but they suffered ignominious defeat on Friday. Price is expected to reach the demand levels at 101.50, 101.00 and 100.50 this week, unless some opposition arises as a result of a possible stamina in USD. Selling pressure is also visible on other JPY pairs, and it is worth mentioning that the outlook on JPY pairs is strongly bearish for the month of August 2016.  
                                                                                                                               
EURJPY
Dominant bias: Bearish
Just like most other JPY pairs, this currency trading instrument went south on Monday and Tuesday, but bulls managed to halt further southward movement on Wednesday and Thursday. However, bulls gave in to bearish pressure on Friday as price nosedived by 250 pips, closing at 113.94 that day. There is a clean bearish outlook on the market and further southward journey is possible.  

This forecast is concluded with the quote below:

“Develop and adhere to a system, not random and erratic acts of inconsistent trading.” – Louise Bedford



  

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Thursday, July 28, 2016

Super Trading Strategies

“One of the best ways to learn about anything is to read about it. Books, articles. Even just marketing pages. Find out what the pros are doing. Find out what's working for them. And then…” – James Altucher

In the last few years I have written three books titled Lessons from Expert Traders (published by Harriman House, May 2013), Learn from the Generals of the Markets (published by ADVFN, May 2014) and What Super Traders Don’t Want You to Know (also published by ADVFN, March 2015).

The books profile the best traders and investors in the world – dead and alive. We reveal their stories, trading/investing styles and approaches, plus other things they think and do differently to make them stand out in this extremely competitive, but lucrative industry. The books contain invaluable lessons and secrets that can be used by speculators to bolster their mindset and career in an uncertain world of trading.

However, certain readers leave negative reviews (which are normal and deeply appreciated). The biggest reason for most of the negative reviews is that readers who bought the books hoped to find concrete and easy-to-use trading strategies, which are not in the books. Although the books contain tips and tricks that can be used to improve your trading, I think readers also need specific trading methods they can use to tackle the markets.


Some of the best trading strategies and methods on this planet can be found in TRADERS’ magazine. I have been writing strategies for them for 6 years. In the past, I tended to ignore requests for strategies, but I have our readers’ best interests in heart, so I decided to find a way to write a book about strategies.

I approached TRADERS’ and requested their permission to reproduce some of the strategies I had written for past issues of TRADERS’ magazine. This book is now available only because TRADERS’ was kind enough to allow us to reproduce some of the strategies. If you use the strategies you are expected to make average gains that are bigger than average losses over time.
This book contains ten selected strategies for winning the battles on Forex markets. Some of them are also great for the stock and futures markets. You can even try some of them on simulation accounts for a few months, just to see how useful they are.

I have had trainees and clients who have applied some of these trading strategies and made decent profits with them. I have personally seen students, trainees, clients and other traders who have been making decent money from the strategies in this book. You too can make decent gains by using the strategies as they were supposed to be used.

Conclusion: There are short-term, swing and positions trading strategies in the book. Some are good for part-time traders and some for full-time traders. Simply study the book and choose a strategy that fits you. I would be happy to hear your testimonies as you use one of these strategies to tackle the markets victoriously.

This article is ended with the quote below:

“For example, think about becoming a Super Trader — and let’s say you could consistently make 2% (or more) in the market each month no matter what the market type was. Think about how that would feel.” – Dr. Van Tharp


Super Trading Strategies: Super Trading Strategies


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


Monday, July 25, 2016

Buyers Happy to Ride Burberry Group to the Supply Level at 1600

Burberry Group shares (LSE:BRBY) are a good example of an ideal market for buyers. There is a clean bullish signal in the market and buyers are happy to ride it further north.

Price is above the EMA 21 and the Williams % Range period 20 has often remained in the overbought territory. This is a classic example of a strong market: While price could temporarily retrace bearishly a bit along the way, the strength is expected to continue in the next several weeks or months.

On Burberry Group, the initial target for buyers is located at the supply zone at 1600 (though price might go far beyond that supply zone).

This forecast is ended by the quote below:

“In many ways people believe that they have a long term relationship with a stock that should continue on a linear trajectory. Very few things in life are linear other than the relentless advance of human stupidity fueled by social media.”  – Chris Tate

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Traders
  

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


Bulls Dominate Petroneft

Petroneft stock (LSE:PTR) is not very attractive at the present, but a closer look at the market reveals something interesting. Although price has been quite choppy in the last few months, bulls are now showing willingness to push price upwards.

The ADX period 14 is at the level 20, meaning that there is little momentum in the market. However, the DM+ is slightly above the DM-, revealing a bullish domination. The MACD, default parameters, has both its histogram and signal lines above the zero line, giving a “buy” signal.

All these point to a Bullish Confirmation Pattern in the chart, which would simply become more and more vivid over time. As a result of the current bullish domination, price would be fueled to reach the resistance lines at 3.00, 3.50, and 4.00 within the next trading weeks or months.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies   
  


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

Sunday, July 24, 2016

Daily analysis of major pairs for July 25, 2016

The Cable traded sideways last week, not going above the distribution territory at 1.3400, nor going below the accumulation territory at 1.2950. This has caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push price above or below the aforementioned accumulation and distribution territories.

EUR/USD: This pair moved south 100 pips, closing just above the support line at 1.0950. There is a “sell” signal in the 4-hour chart and there is a high probability that price would go further downwards this week, especially in the face of expected stamina in USD, which would aid bears.



USD/CHF: The USD/CHF has been able to maintain its bullishness. There is a Bullish Confirmation Pattern in the chart, and further upwards movement is possible. Price has gone above the support level at 0.9850, testing the resistance level at 0.9900. Despite several bullish attacks, the resistance level is yet to be broken to the upside. However, that objective could be realized this week.  

GBP/USD:  The Cable traded sideways last week, not going above the distribution territory at 1.3400, nor going below the accumulation territory at 1.2950. This has caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push price above or below the aforementioned accumulation and distribution territories.

USD/JPY: This market first went upwards 200 pips, topping at 107.48. Further bullish signal was rejected at that point and price began to be corrected to the downside – at least by 150 pips. However, this has not rendered the bullish bias invalid (expect price drops by another 150 pips). Additional drop is thus expected this week because JY pairs might come under selling pressure anytime in the week.

EUR/JPY: There are mixed signal on this cross. It simply consolidated to the downside last week, but things have not gone completely bearish. That expectation could come to fruition this week; owing to a possible weakness in JPY pairs. Thus, bears might be able to target the demand zones at 116.00, 115.50 and 115.00 this week.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


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

                                                                                            

Saturday, July 23, 2016

Weekly Trading Forecasts on Major Pairs (July 25 - 29, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bearish
This pair consolidated to the downside last week, moving south by only 100 pips and closing above the support line at 1.0950 on Friday. There is a “sell” signal in the market and price might test the support lines at 1.0900, 1.0850 and 1.0800 this week, because USD is expected to gain some stamina. Most major pairs did not move significantly last week, but movements in the markets this week would be stronger than the movements last week.

USDCHF
Dominant bias: Bullish  
Last week, USDCHF was able to maintain its bullishness despite constant threats from bears. Price did not go upwards strongly but it is now above the important support level of 0.9800. There is a major obstacle to bulls, located at the resistance level of 0.9900. Bulls have carried out failed attacks into that resistance level, and they are yet to give up doing that. This week would be decisive, since bulls must breach the resistance level at 0.9900 to avoid a clear pullback in the market. One factor in their favor is the expected stamina in USD this week.    

GBPUSD
Dominant bias: Neutral
Cable merely went sideways last week: An action that resulted in a neutral outlook in the short-term.  This week will witness a serious battle between bulls and bears, for bulls would want to push Cable upwards, whereas USD might gain some strength of its own, thereby making the bullish movement a bit difficult. This week, there would be mixed results on GBP pairs, for GBP would be strong versus some currencies like AUD and NZD, while it might because weak versus other currencies like JPY.
 
USDJPY
Dominant bias: Bullish  
This currency trading instrument went upwards by 200 pips last week, almost reaching the supply level at 107.50. Further bullish movement was rejected at that point and price got corrected lower by roughly 150 pips. Although there is a Bullish Confirmation Pattern in the 4-hour chart, the outlook on JPY pairs is bearish for this week. This means USDJPY could get corrected lower and lower; while the only factor that could help bulls is a possible strength in USD.      
                                                                                                                               
EURJPY
Dominant bias: Bullish
This cross made some effort to push price upwards. Price topped at 118.46, and the bullish effort was paused at that point. Since JPY pairs could go south this week, the demand zones at 115.50, 115.00 and 114.50, could become potential targets for bears.  In case bears are able to push the market below the demand zone at 114.00, things would have turned bearish on the market.  

This forecast is concluded with the quote below:

“Don’t let your day job keep you from indulging in the lucrative market.” – Ryan Mallory


Super Trading Strategies: http://www.advfnbooks.com/books/supertradingstrategies/index.html  


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












Thursday, July 21, 2016

William Gann: An Accurate Market Forecaster

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 13

“Writing down a trading plan and sticking to it is the winning trader's secret weapon. If you create detailed trading plans and manage risk, you will increase your chances of success. Don't think you need to trade by the seat of your pants. Take things slowly. Map out your trading plan, and follow it. You will trade more calmly, creatively, and profitably.” – Joe Ross

Name: William Gann
Nationality: American
Date of Birth: June 6, 1878
Occupation: Trader, technical analyst and market forecaster

A HIGHLY SPIRITUAL TRADER
William’s dad was a cotton farmer.

He started trading in 1902 when he was 24. He developed and used the technical analysis tools known as Gann angles, Square of 9, Hexagon, Circle of 360 (these are Master charts). Gann market forecasting methods are based on geometry, astronomy and astrology, and ancient mathematics.

William was highly spiritual. Wikipedia says he was believed to be a religious man by nature who believed in religious as well as scientific value of Bible as the greatest book ever written. This can be repeatedly observed in his books. He was also a 33rd degree Freemason of the Scottish Rite Order, to which some have attributed his knowledge of ancient mathematics, though he was also known to have studied the ancient Greek and Egyptian cultures.

You would need to do your own research to know how Gann angles work. He made profits by his own speculative efforts. He profits were real and his forecasts were accurate.

William died on June 18, 1955.

What You Need to Know:
What you need to know about Williams was revealed by Justin Kuepper (Source: Trade2win.com) in his article of March 18, 2016. These are adapted excerpts from Justin’s article. 

  1. Predicting the future is impossible, right? If William Gann were around today, he’d beg to differ. His first prophecy is believed to have happened during World War I when he predicted the November 9, 1918, abdication of the Kaiser and the end of the war. Then in 1927, he wrote a book entitled "Tunnel Through The Air," which many believe predicted the Japanese attack on Pearl Harbor, and the air war between the two countries.

  1. William’s financial predictions were perhaps even more profound. In early 1929, he predicted that the markets would probably continue to rally on speculation and hit new highs… until early April. In his publication, The Supply and Demand Letter, he delivered daily financial forecasts focusing on both the stock and commodity markets. As this daily financial publication gained notoriety, William published several books - most notably "Truth", which was hailed by the Wall Street Journal as his best work. Finally, he began releasing the techniques that he used to make these forecasts: the Gann studies.

  1. Did he produce any results? In 1908, William discovered what he called the "market time factor," which made him one of the pioneers of technical analysis. To test his new strategy, he opened one account with $300 and one with $150. It turned out to be wildly successful: William was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time.

In his article on Trade2win.com, Justin Kuepper concludes:
Is it possible to predict the future? W.D. Gann probably thought so, and seemingly proved it with his wildly successful returns. The system is relatively simple to use, but difficult to master. After all, it was Gann's uncanny ability to fine-tune his techniques that led him to enormous profits - the average investor is not likely to obtain these kinds of returns. Like many technical tools, Gann angles are best used in conjunction with other tools to predict price movements and profit.

This piece is ended by the quote below:

“Even though I'm young by many people's standards (28 years old this April), I feel like an old soul when it comes to trading. I've already been through many stressful high-volatility periods (9/11, the 2000-2002 market collapse, the 2008 Subprime Crisis, the Euro Crisis and the Flash Crash in 2010, the Chinese stock market crash in 2015... and many others). I think these experiences help me today to remain calm and cool-headed in difficult situations. ” - William Gandini (Source: Collective2.com)  





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


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 

Tuesday, July 19, 2016

Another Northward Breakout Is Coming on Dji Holdings

Dji Holdings shares (LSE:DJI) show a promise of another bullish breakout, following the recent consolidation in the market. The market was in form of a strong base from January to March 2016, prior to the strong bullish breakout which lasted from March till May. Since June till now, the market has only consolidated; not going upwards nor going downwards in a strong mode.

A break below the lower Trendline would result in a “sell” signal, but the probability of price breaking above the upper Trendline is higher. This is also supported by the RSI period 14, which is above the level 50.

Dji Holdings could perform another bullish breakout, which would take its price towards the distribution territories at 140.0, 150.0 and 160.0 within the next several months. The distribution territory at 140.0 was recently tested and it would be tested again – it would even be breached to the upside as mentioned earlier.

This forecast is ended by the quote below:

“We couldn’t agree more, especially in the business of stock trading; the more you learn, the more you earn.” – Deron Wagner

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


Is There a Bearish Signal on Pantheon Resources?

The current situation on Pantheon Resources stock (LSE:PANR) is dicey, because price is bearish in the short term and bullish in the long term. Where would price go next?


4 EMAs are used in the chart and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown in the top left part of the chart. Price is below the EMAs 10, 20 and 50, but above the EMA 200.

The stock would either go above the EMAs 50 and 20 (or possibly 10) to emphasize the recent bullish signal: Or the stock would cross the EMA 200 to the downside to signal a clean bearish signal. Until that happens, Pantheon Resources would be surrounded in uncertainties.

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, July 18, 2016

Vacancies

VACANCIES

An applicant called today
Dressed well but looked hopeless
Credentials filled his bag,
But he left as he came.



Vacancies in newspapers,
Vacancies on posters,
Vacancies on the web,
Vacancies on the air.

Vacancies that do not exist,
Vacancies have been filled,
Vacancies from fraudsters
That hoodwink the helpless.

The use of long arms,
Or the use of connections,
Or the use of kickbacks
Is not always effective.

Passing exams is battle,
Going to college is war,
Getting good jobs is futile,
And some jobs need no degrees.

An applicant called today
But his objective failed.
He left only papers,
Will he go on like this?

Ben Alani (November 2007)
 

Neteller here: www.ituglobalfx.com.ng

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

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Sunday, July 17, 2016

Daily analysis of major pairs for July 18, 2016

The EUR/JPY cross went upwards by 700 pips last week, reaching the supply zone at 118.00. Price got corrected by 220 pips on Friday, although that has not violated the Bullish Confirmation Pattern in the 4-hour chart. Price could go upwards from here, but that does not rule out the possibility of bearish threats.

EUR/USD: This currency trading instrument went flat throughout last week, without going above the resistance line at 1.1200, nor going below the support line at 1.1000. A breakout is imminent this week, which would most probably be in favor of bulls. This means that the resistance line at 1.1200 could be broken to the upside this week.



USD/CHF: This pair is still making effort to trend upwards, though it came under a serious challenge on Wednesday and Thursday. Bulls need to prevent the price from moving below the support level at 0.9700 – an event that could cause a “sell” signal to form in the market. There are other two challenges to his pair this week: USD could become weak and CHF could amass some stamina. All these threats could result in a “sell” signal this week. 

GBP/USD: This pair moved upwards by 550 pips last week, just like other GBP pairs (GBP/NZD moved upwards by 1100 pips, while GBP/JPY moved upwards by 1300 pips, all in last week). Further bullish movement is expected this week, which could result in a bullish signal in case price goes upwards by another 500 pips. However, it would take a long time before the bias on daily and weekly charts become bullish.

USD/JPY: Contrary to expectation at the beginning of last week, USD/JPY, just like other JPY pairs, moved upwards significantly. USD/JPY moved upwards 560 pips last week, getting corrected lower on Friday. This week, price would either move above the supply level at 106.00, or go below the demand level at 103.00.

EUR/JPY: The EUR/JPY cross went upwards by 700 pips last week, reaching the supply zone at 118.00. Price got corrected by 220 pips on Friday, although that has not violated the Bullish Confirmation Pattern in the 4-hour chart. Price could go upwards from here, but that does not rule out the possibility of bearish threats.

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, July 16, 2016

Weekly Trading Forecasts on Major Pairs (July 18 - 22, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Neutral
This market merely went flat throughout last week; neither closing above the resistance line at 1.1150 nor going below the support line 1.1000. Price went lower on July 15, but it is unlikely that the support line at 1.1000 would be breached, for price may not be able to close below the support line, even after it tests it. This week, the probability of price going north is higher than the probability of it going south. Therefore, the resistance lines at 1.1200 and 1.1250 could be tested this week.

USDCHF
Dominant bias: Bullish  
In spite of attacks from bears, USDCHF was able to avoid a significant decline last week. Price managed to go above the resistance level 0.9850, but it could not reach the subsequent resistance level at 0.9900 (which is a strong barrier to the bullish movement). Price underwent a shallow bearish correction on Wednesday and Thursday; while the bias remains bullish. There ought to be further bullish movement this week….. But…. There two threats against the current bullish outlook: 1). CHF could become strong any time this month. 2). USD may become weak versus other major currencies before the end of this week. Until one of these two threats materialize, USDCHF would continue trudging upwards.   

GBPUSD
Dominant bias: Bearish  
Just as it was forecasted, GBPUSD pair made some conspicuous effort to rally last week, without being able to overturn the bearish outlook on it. Other GBP pairs also rallied significantly, like GBPNZD (1100 pips) and GBPJPY (1300 pips). GBPUSD went north by 550 pips, topped at 1.3480, before the current pullback began. A bullish signal has been generated in the hourly and 4-hour charts, whereas the overall bias remains bearish on higher timeframes. GBPUSD might be able to go further upwards this week; and the bias could turn bullish in case the rally is quite strong.  
 
USDJPY
Dominant bias: Bullish  
Contrary to expectation, USDJPY pair went upwards significantly last week (just as other JPY pairs did). Price went north 550 pips, ramming into the supply level at 106.00, before getting corrected on Friday. There is a now a Bullish Confirmation Pattern in the chart, which means that further upwards movement is possible. The only possible impediment to the current bullish effort is a possible weakness in USD, which might result in a considerable selling pressure.         
                                                                                                                               
EURJPY
Dominant bias: Bullish
This cross underwent a bullish movement of more than 700 pips last week, enforcing a Bullish Confirmation Pattern in the 4-hour chart. Although price got corrected by over 200 pips on Friday, July 15, the Bullish Confirmation Pattern remains valid. This means price might go further upwards this week, though threats from bears have not abated. Only a movement below the demand zone at 114.00 would render the bullish outlook useless.   

This forecast is concluded with the quote below:

“We believe in never trying to "take" or force the market, only "accept" what it gives you.” - Joe Ross


  
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












Thursday, July 14, 2016

Comparing Trading to Traditional Work

When new traders move into the arena of trading they face several functional difficulties such as how do markets work, what are the subtle difference between markets and most importantly how does one design and implement a system that is some way logic and effective.

If someone manages to navigate this maze and become in some way successful at this game then they face another issue, one of identity. In the Western world our work defines us – the most common introductory question one is asked is – what do you do? This question whilst seemingly innocuous is actually very powerful within our society since it conveys what your background is, your education, life experience, who you might associate with and often where you might live. Even the way our names are arranged was originally a reflection of our occupation.

Hereditary surnames where uncommon in the Western world until around 13th or 14th century – they were called by names and they either reflected where you were from or your occupation. This is an obvious means of distinguishing between members of a growing population and these names are still with us today. It takes very little imagination to understand the etymology of names such as Mason, Smith or Baker.

It is not too much of a stretch to say that work defines us and contributes immensely to our sense of self-worth. The devastating effects on unemployment are testament to how much of purpose we derive from the notion of work. Without a sense of work or collective striving – which is largely what working in a group is we struggle with a lack of belonging. When you become a trader this traditional sense of work is lost to you as is some part of your old identity.

Traders therefore have to establish a new sense of authenticity about themselves based around what they now do – not what they used to do. This also has to somehow be communicated to others, although I have often found this to be less successful than I would have hoped. Family members will often simply not understand what you do or what you are hoping to do with your life since our roles are very nontraditional.

Intimately linked to this notion of work as a mechanism of generating a sense of self-worth is the allied idea of a work ethic. Various religious traditions have the notion of a work ethic. You are rewarded for the amount of effort you put into something, the notion being the harder you work the more you earn. In trading this is not true, in fact there is a lot of evidence to the contrary, the more you try and trade the less you often make. It is quite possible as a trader to work at a constant level but to see you payoff swing wildly throughout the year.

It is not uncommon to work at the same rate throughout the year and to have made little or no money for 11 months and then make it all in the last month of the year. This unfortunately is part of the game – if you have a methodology that is statistically sound what you do in a simplistic sense has little to do with what you earn. This is extremely difficult for many, particularly those who are weeded to both a notion of a work ethic and a regular pay cheque.

However, there is an upside in this. You can create whatever role for yourself that you want but this is difficult since many derive their sense of self from the reflection they see in others. If you can move beyond this then you can define your life as being whatever you want it to be. And like me when travelling internationally you can on immigration forms write your occupation as Rodeo Clown and no one is any the wiser.

Author: Chris Tate


Article reproduced with kind permission of Tradinggame.com.au

NB: For best kept trading secrets, please visit: http://tradinggame.com.au/


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Wednesday, July 13, 2016

Price Moves Northward on Rhythmone, as Investors Smile

Rhythmone stock (LSE:RTHM) is now a bull market, which is going upwards very strongly. As bulls smile, further bullish movement is anticipated. The market consolidated from February to May 2016, and the started to trend upwards from June.

In the chart, the ADX period 14 is slightly above the level 30, depicting a considerable momentum in the market. The DM+ is above the DM-, meaning that the bulls are currently reigning. The MACD default parameters, has both its histogram and signal lines above the zero line. This is a clean bullish signals brought about by the Bullish Confirmation Pattern in the daily chart.

Rhythmone stock is expected to continue to go upwards, as investors smile. The price might reach the supply zones at 40.00, 40.50 and 41.00 within the next few weeks or months.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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



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A Strong Breakout Is Imminent on Sirius Petroleum

A very strong breakout is imminent on Sirius Petroleum shares (LSE:SRSP) as a result of the ongoing protracted equilibrium phase. Price made some bullish effort in February and March 2016, and began to move sideways from March, till now.

The longer a sideways movement is, the longer the base and the more imminent the breakout when it does occur. Such a breakout would be very strong.

The price is not clearly above the EMA 21, but it would essentially go above it, as the Williams’ % Range period 20 has been exploring the area around the overbought territory. When a breakout does occur, it would most probably be to the upside, when the Williams’ % Range is in the overbought region and the price is above the EMA 21.

Sirius Petroleum would go upwards by at least, 20%, when it does break out. A breakout to the downside would also cause a further loss.


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, July 11, 2016

What You Need to Know About Neteller Business

FAQs

Q. What is Neteller and what are the uses for it?
A. Neteller is an electronic currency for online payments (e-currencies are exchanged on computers). Money in a Neteller account can be used to pay merchants, sent to other customers of the service, or spent at any retailer that accepts MasterCard® using the Neteller prepaid card that is a part of the account. People in over 200 countries use the Neteller service to transfer money to and from merchants, such as financial institutions, social networks, or online betting firms, and can withdraw funds directly using the Net+ card or transfer the balance to their own bank accounts. You can receive salaries and payments for services in Neteller. You can use your local currency to buy Neteller for your account or change Neteller in your account to your local currency or transfer it directly to your bank account.

Q. Can you help me open a Neteller account?
A. You can open a Neteller account on your own, since it is a hassle-free experience. You would need to upload a proof of nationality and/or a proof of address to do this. However, if you want us to help you open a Neteller account, please call us to book an appointment with us at our office. We would be glad to assist you. You can also connect with us on Skype, sharing screens with us, so that we can guide you online. Please see our Contact Us page.

Q: Do you buy and sell other e-currencies apart from Neteller?
 
A: Nope. We buy and sell Neteller only, because it is regulated and dependable. Since Neteller is authorized by the Financial Conduct Authority in the UK, they maintain the highest standards across their business and services around the world. Their industry-leading physical and electronic security measures and Anti-Money Laundering protocols ensure their members are protected as far as possible from identity theft and fraud. Unlike regulated e-currencies, non-regulated e-currencies, in spite of wide acceptance, can give people unexpected heartaches. Take examples of e-bullion, e-gold, Liberty Reserve, Egopay etc. Many regulated e-currencies put restrictions on Nigerians, but Neteller is an exception. Neteller is bound to become more and more popular
 
If you want to buy or sell any other e-currencies apart from Neteller, you have to go somewhere else.
 
Q: How do I sell Neteller to you or buy it from you?
A: You need to register on our website before you can do business with us. Please go to “Register!” link on our website and put the required accurate information. You can check our “Privacy Policy” to see how we handle your information.  Once you have done this successfully, you can login to “buy” or “sell.” You would then click on “My Account” to choose “Buy” or “Sell”. Please follow the instruction you see there.

Q. What would I do if I lose my password on your website?
A. Please ensure that you keep your password safe, trying not to forget it. For security reasons, you are unable to change or retrieve your password on our website. If you think you password has been compromised or forgotten, simply notify us so that we can disable that account. Then you would need to create another account on our website.

Q: I have not registered on your website. Can I still do business with you?
A: Yes, you can do business with us without registration, but the services we render to you would not be as excellent as when you register with us. For you to sell Neteller to us, you would need to contact us first and then send us:
Your account name
Your bank name and account number
If you want to buy Neteller from us, you would also need to contact us first. We would request for your Neteller account number (which should be an email address).

Q: Can I come to your office?
A: You can come to our office if you want, but that is not required, neither is it compulsory. All transactions are done online, and we are unable to give you cash. We do not accept cash at out office.
 
Q: Why must I contact you before selling to you or buying from you?
 
A: There are daily, weekly and monthly limits on Neteller transactions. There is a maximum amount that can be transferred per transaction. There are also severe limits on unverified Neteller members. You need to contact us first to verify our willingness to buy from you or sell to you before you do business with us. For example, if we have exceeded a weekly transactions limit, we may not be able to do business with you until next week. We do not like to delay payment to our customers.
 
 
Q: How do I contact you?
 
A: Please see our “Contact Us” page. We prefer contacts via email, Skype and WhatsApp, which are our primary means of communication with our customers. We endeavor to reply all relevant questions and communication, though replies may not be immediate.
 
Sometimes, you may contact us through our phone numbers. However, the numbers are always busy, which means your calls might not be picked at times. The numbers might sometimes be off. In this case, please use email or IMs systems.
 
Apart from the fact that you may get transactions alerts from your bank, we also notify you of payment into you accounts, by email and SMS. Apart from notifications of transactions, we do not reply enquiries by SMS.
 
Q: What is the minimum amount of Neteller I can sell to you or buy from you?
 
A: 20 USD worth of Neteller.
 
Q: Who can buy Neteller from you or sell it to you?
 

A: Only Nigerians, whether home or overseas. We only fund local accounts denominated in Naira.

Q: If my Neteller account is denominated in another currency other than USD, can I still sell to you or buy from you?
A: Yes you can sell to us if your account is denominated in other currency apart from USD. The remittance would get to our USD account automatically. When you buy from us, we fund you in USD and Neteller will settle you in your account denomination automatically.   
 
Q: I have issues with my Neteller account. What do I do?
 
A: We cannot resolve any issues you have with your Neteller account. Please contact Neteller support if you have any issues, since they have good customer support systems. Their contact information is available on their website.
 
Q: Any information on possible scams?
 
A: Our only means of communication with our customers are shown on “Contact US” page. Any means of communication other than those listed on this webpage is not from us. We do not authorize another websites or email address holders to do business on our behalf. We do not operate any get-rich-quick schemes or high yield investment plans. We do not send email to our customers, asking them to update any account details by clicking links in the email. Our website is www.ituglobalfx.com.ng, and nothing else. A scammer may use words that are very similar to our contact addresses. For example:
itugiobalforex@gmail.com instead of ituglobalforex@gmail.com
 
Or ituglobalforex@yahoo.com instead of ituglobalforex@gmail.com
 
This is also true of Yahoo! Messenger address, Skype address (even phone numbers). If the spelling of a website, phone number, IM systems or email address you receive is different from the ones displayed on our website, then the message is from scammers, not us. We cannot be held responsible for fraud activities perpetrated by criminals.

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


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Sunday, July 10, 2016

Daily analysis of major pairs for July 11, 2016


GBP/USD dropped 450 pips last week, to test the low of 1.2796, before price consolidated in the last few days of the week. The bias on 4-hour, daily and weekly charts is bearish, and thus price should continue its decline. However, this week may be different, for we could see a strong rally in the context of a downtrend. The expected rally would not be strong enough to push price beyond the high of June 23, 2016.

EUR/USD: This pair moved essentially sideways throughout last week, but the bias remains bearish. There is a need for price to go above the resistance line at 1.1400, before it can be said that bulls have begun to reign in this market. There could be some serious bullish attempts this week, but they would not be able to push price beyond the resistance line at 1.1400.



USD/CHF: This currency trading instrument made a commendable effort to go upwards last week. Price first went above the support level at 0.9800, and then tested the resistance level at 0.9850. Bulls might also be able to target the resistance level at 0.9000. Nonetheless there are two obstacles along the way, which is expected stamina in CHF in the month, coupled with the possibility that USD could also lose strength this week or next.

GBP/USD: GBP/USD dropped 450 pips last week, to test the low of 1.2796, before price consolidated in the last few days of the week. The bias on 4-hour, daily and weekly charts is bearish, and thus price should continue its decline. However, this week may be different, for we could see a strong rally in the context of a downtrend. The expected rally would not be strong enough to push price beyond the high of June 23, 2016.

USD/JPY: This pair went downwards by at least, 250 pips last week. There is a Bearish Confirmation Pattern in the market, and further southward movement could be witnessed this week. The next targets for bears are located at the demand levels of 100.00, 99.50 and 99.00. The demand level at 100.00 would pose a challenge to bears; but once it is breached to the downside, further bearish movement would be seen as price goes below other demand levels beneath.

EUR/JPY: The EUR/JPY declined by 330 pips from Monday to Wednesday – only to move sideways on Thursday and Friday. The bias is bearish; just as it is bearish on other JPY pairs. Any rallies in this market ought to be ignored. They might even be taken as opportunities to go short at better prices.

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 

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The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.