Daily analysis of major pairs for October 31, 2016

The EUR/JPY went upwards by 230 pips last week, closing above the demand zone at 115.00 on Friday. There is now a Bullish Confirmation Pattern in the 4-hour chart, and the last candlestick on Friday reveals that bulls are still willing to push price further upwards this week. Therefore, the supply levels at 115.50, 116.00 and 116.50 would be targeted this week. In spite of the weakness in EUR, the market would continue going upwards.

EUR/USD: This market consolidated last week, and trended upwards on Friday. But the upwards attempt has not been strong enough to invalidate the overall bearish bias. This may then be seen as an opportunity to seek short trades, because the outlook on the EUR/USD and most EUR pairs, is bearish this week. The only thing that can reverse this bearish situation in the market is a large pullback in the USD/CHF.

USD/CHF: After a series of hesitation, the USD/CHF was able to go above the decisive resistance level at 0.9900. However, bears came in to push price below that resistance level. The bias on the market remains bullish and further upwards movement is expected, though it is unlikely that price would be able to go above the resistance level at 1.0000, which is an important one. CHF itself may exert some form of bullishness before the end of November 2016, though USD is strong in its own right. A serious buying pressure would be needed for the resistance level at 1.0000 to be breached to the upside; otherwise, a large pullback may occur.

GBP/USD: The Cable has been consolidating for about two weeks – an even that has resulted in a neutral bias in the short-term. The long-term outlook on the market remains bearish and when momentum rises, it would most likely favor the bears. Strong volatility would be witnessed on GBP pairs this week, and some of them would be weaker in most cases.

USD/JPY: This currency trading instrument moved upwards by 160 pips last week, to test the supply level at 105.50. The outlook on JPY pairs is bullish for this week, and the current shallow pullback is seen as another opportunity to buy long when things are on sale, and in the context of an uptrend. The supply levels at 105.50, 106.00 and 106.50 may be tested this week.

EUR/JPY: The EUR/JPY went upwards by 230 pips last week, closing above the demand zone at 115.00 on Friday. There is now a Bullish Confirmation Pattern in the 4-hour chart, and the last candlestick on Friday reveals that bulls are still willing to push price further upwards this week. Therefore, the supply levels at 115.50, 116.00 and 116.50 would be targeted this week. In spite of the weakness in EUR, the market would continue going upwards.

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

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

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Weekly Trading Forecasts on Major Pairs (October 31 – November 4, 2016)

Here’s the market outlook for the week:

                                          

EURUSD

Dominant bias: Bearish  

This pair moved sideways last week, and then traded upwards on Friday. However, that was not significant enough to result in any bullish signal. The bias on the market remains bearish, and what happened on Friday could turn out to be a short-selling opportunity. The outlook on EUR pairs is bearish for this week, and therefore EURUSD would keep on being bearish. Price may thus test the support lines at 1.0900, 1.0850 and 1.0800 this week. The only thing could help bulls here is a large pullback on USDCHF, which is not likely this week.     

USDCHF

Dominant bias: Bullish

This trading instrument has managed to climb above the resistance level at 0.9900, before bears pushed back the price below it. The market has been consolidating for two weeks, though the bullish outlook remains valid. The outlook on USD is bullish for this week and this month, which means most major currencies would be weakened against it. USDCHF would make bullish attempts but there is a very difficult resistance level at 1.0000, which would require lots of buying pressure to breach. Should bulls fail to breach that resistance level, a pullback may materialize.

GBPUSD

Dominant bias: Bearish

Cable has been moving sideways for two weeks, which has resulted in a neutral bias in the short-term. The long-term bias is bearish, and when momentum rises, it may favor bears. The outlook on the market is bearish for this week, and rallies should be disregarded, for they would be transitory and cannot be significant enough to bring an end to the current long-term bearish outlook. In November, large movements would be witnessed on GBP pairs, and they would undergo bearish movements in most cases.  

USDJPY

Dominant bias: Bullish

As it was mentioned in the last forecast, USDJPY has become bullish. Price moved upwards by 170 pips last week, to test the supply level at 105.50. The bearish correction that was seen on October 28 was just another opportunity to buy long when things are on sale, in the context of an uptrend. The most probable movement for JPY pairs is bullish for this week, though the situation may change before or by the end of November.

                                                                                                                               

EURJPY

Dominant bias: Bullish   

In spite of the weakness in EUR, the EURJPY cross rallied by 230 pips last week. Price closed at 115.11 on Friday, after forming a clear Bullish Confirmation Pattern in the 4-hour chart. The current price action shows that bulls are still willing to push price further north, which may make price to reach the supply zones at 115.50, 116.00 and 116.50 this week. After all, it is expected that JPY pairs would make some bullish attempts in the week.  

This forecast is concluded with the quote below:

“Earning a trading income compared to earning an occupation income is just so damned rewarding!” – Louise Bedford   

Source: www.tallinex.com

 Super Trading Strategies: Super Strategies   

  

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Larry Robbins: Trading with a Great Sense of Responsibility

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 20

“It sounds attractive to try and make a quick buck, but like anything else, real money is made by slowly compounding your returns.” - Andrew Beattie  

Name: Larry Robbins

Age: 47

Nationality: American

Occupation: Portfolio and hedge fund manager

A COMMITTED, ILLUSTRIOUS INVESTOR

Robbins was born into a Jewish family, in Arlington Heights, Illinois. He was a hockey star while in college.

One source says he graduated with honors from the Jerome Fisher Program in Management and Technology at the University of Pennsylvania in 1992, where he received a B.S. in Economics with concentrations in accounting, finance, marketing and a B.S in Engineering, with a major in systems engineering. He became a Certified Public Accountant in 1991. 

Following his graduation, Larry worked at Gleacher & Company, spending three years there. He worked at Omega Advisors (for Leon Cooperman), spending six years.

He left Omega Advisors, establishing his own firm, Glenview Capital Management, in 2000. This firm has been so successful, averaging 15% returns of net of fees per annum. As of July 2014, Glenview Capital Management had about $9.2 billion of capital under management.

Larry was worth US$ 2.3 billion in December 215. He became involved in various charitable activities, and he’s an active supporter of education reform both in New York City and across the U.S. He’s also the Senior Chair of the Wall Street Division of the UJA-Federation.

He’d four sons by his former wife, Amy Robbins. He lives in Alpine, New Jersey, with his current wife, Sarahmay Wesemael. He’s won awards.

What You Need to Know:

1.      It’s no surprise that Larry doesn’t use stops in his trades. There are many traders who don’t use stops and are hugely successful. However, using stops is safer. What does he also do differently? He holds stocks for years, being an investor; and perhaps, that’s one of the reasons why he survives the market in the long run without using stops.

2.      Larry said: If you really want to be a good investor, you cannot just be involved, you have to be committed. It’s not about what you did before but about… persistence and continuity of work effort.

3.      When you’re affected by a bad trading outcome, you’ll need to take it as a lesson. Most traders who lose may be young and inexperienced. They don’t realize how risky it is to walk into the waters without proper knowledge. But those who’ll end up making money in the markets don’t give up… They take what happen to them as a great education.

4.      Larry believes trading isn’t just a job, it’s a passion, though it was almost by accident that he went into the hedge fund and investment business.

5.      As a trader, think like an owner, not like a trader.

6.      A trader who’s been engaging the markets for 12 years is obviously one that has had some success. That success is what allows traders to be responsible and philanthropic.

Conclusion: Gainful speculation is not that hard on paper – know where to buy and where to sell when price looks to be going in your favor. Really, you got to know what it means to buy at a demand zone and sell at a supply zone. You got to know the meaning of doing this. Traders interpret demand and supply zones differently. When they look at the chart, they come with various decisions. You simply need to find ways to survive the markets while doing your own market analysis.

This article is ended with a quote from Larry:

“I don’t think that I have met someone who is very good in the investment business who isn’t hard-working, bright, talented, and focused.” 

Source: www.tallinex.com

Super Trading Strategies: Super Strategies 

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Fast, simple and secure payments

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Super Trading Strategies: Super Strategies     

A Sure-fire Signal Appears on Sovereign Mne

A sure-fire bullish signal has appeared on Sovereign Mne stock (LSE:SMA). Price is currently in a bullish mode, which happened following a strong bullish breakout that happened in September 2016. Before this, price was in a consolidation mode for several months.

4 EMAs are used for the 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. All the EMAs are sloping upwards, and price is above them all. Any bearish retracements into the EMAs 10 or 20 would serve as another bullish signal, buying lower in a persistent bullish trend.

On Sovereign Mne, bulls would target the supply zones at 0.900, 1.000 and eventually, 1.100.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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Genel Energy Remains Indecisive

Genel Energy Shares (LSE:GENL) are currently indecisive. The market has been in a kind of consolidation since August, following the bearish run that was witnessed in July 2016.

Price currently hovers between the upper and lower Trendlines. Though price has gapped downwards recently, but the gap would soon be filled. The extant gap has pushed the RSI period 14 into the oversold territory, and as a result, price would bounce back into the Trendlines, after which price would go into another equilibrium zone.

For Genel Energy to stop being indecisive and begin a strong trend, price would need to stay above the upper Trendline or below the lower Trendline. In order to achieve this, price would need to go above the resistance line at 120.00 or go below the support line at 70.00, to prove that the market is in a trending mode.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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The 40 Books That Saved My Life

Oh my god, another list of books I should read! I can’t help it, though.

These are the books I return to when I need help, guidance, solace in my life.

I’m going to cheat. I’m not going to look at my kindle to see what I’ve read. Forgive me if I get a title or an author’s name wrong.

If I can remember the books, then it means they had some impact on me. If I can’t remember them, then why would I recommend them?

For each one of these books: either they made me a better person, or I felt, even as I was reading them, that my IQ was getting better. Or, in the case of fiction, I felt like my writing was getting better by reading the book.

Or I simply escaped to another world. I like to travel to other worlds. To pretend to be a character in someone else’s story.

I think if you can find even one takeaway in a book that you remember afterwards, then it’s a great book.

Remember: It’s hard to remember more than 1% of a book.

Time is the ultimate judge of wisdom. How you bounce back from misery and despair in order to thrive. I hope I learned that from these books.

“Man’s Search for Meaning” by Victor Frankl

“Antifragile” by Nassim Taleb (and “The Black Swan” and “Fooled by Randomness” by him)

“Tiny Beautiful Things” by Cheryl Strayed

“Master of Love” by Don Miguel Ruiz

“Anything You Want” by Derek Sivers

“Mindset” by Carol Dweck

“Between the World and Me” by Ta-Nehisi Coates

“Sapiens” by Yuval something.

“The Four Agreements” by Don Miguel Ruiz

“Old Man and the Sea” by Ernest Hemingway

“Jesus’ Son” by Denis Johnson (a collection of short stories, not a religious book)

“The Rational Optimist” by Matt Ridley (and the Evolution of Everything by him)

“Bold” by Peter D. and Steven Kotler

“Outliers” by Malcolm Gladwell

“Peak” by Anders Ericsson

“The Surrender Experiment” by Michael Singer (along with The Untethered Soul by him)

“Confessions of a Buddhist Atheist” by Stephen Batchelor

“Mastery” by Robert Greene

“Zero to One” by Peter Thiel

“War of Art” by Stephen Pressfield (and “Turning Pro“)

“Post Office” by Charles Bukowski

“Purple Cow” by Seth Godin

“Maus” by Art Spiegelman

“On Writing” by Stephen King

“How We Got to Now” by Stephen Johnson (and his book on ideas)

“Creativity, Inc” by Ed Catmull

“Sick in the Head” by Judd Apatow

“Born Standing Up” by Steve Martin

“The Power of Now” by Eckhart Tolle (and “Practicing the Power of Now” by him)

“5 Love Languages” by Gary Chapman

“How I Found Freedom in an Unfree World” by Harry Browne

“Slaughterhouse Five” by Kurt Vonnegut

“A Million Little Pieces” by James Frey

“To Kill A Mockingbird” by Harper Lee

“What We Talk About When We talk about Running” by Haruki Murakami

“The Stranger” by Albert Camus

“The Alchemist” by Paulo Coehlo

“The Blue Zones” by Dan Buettner

“The New Evolution Diet” by Art Devany

“Poking the Dead Frog” by Mike Sacks

“Socrates” by Paul Johnson

“Small Victories” by Anne Lamott

 “Meet Your Happy Chemicals” by Lorette Breuning

Ugh, I’m not even halfway done. And I’m past 40 books.

When I read any of these books, I feel like a vampire. Like I’m sucking all of the blood out of the author. I’m stealing his soul and consuming it.

Thank you, author, for giving me your soul. For giving me immortality.

That’s why reading is great. It’s like I’ve lived 100s of lives as well as just my own.

One of these days someone will eat my soul also. I hope I have enough seasoning to taste good.

What’s one book you’d add to this list? Comment below…

Oh, and there’s something you should know…

I recently bought too many books…usually that’s a good thing. This time it wasn’t.

I’ll tell you what happened here and how you can take advantage of me.

Source: http://www.jamesaltucher.com/2016/10/books-saved-life/

Super Trading Strategies: Super Strategies   

Neteller here: www.ituglobalfx.com.ng

  

Daily analysis of major pairs for October 24, 2016

The EUR/USD was able to go downwards by more than 100 pips last week. Since October 10, 2016, price has gone down by over 300 pips. The outlook on the market, as well as other EUR pairs, is bearish for this week. Therefore, we may witness a slow and steady bearish movement that would take price towards the support lines at 1.0850 and 1.0800 this week. 

EUR/USD: The EUR/USD was able to go downwards by more than 100 pips last week. Since October 10, 2016, price has gone down by over 300 pips. The outlook on the market, as well as other EUR pairs, is bearish for this week. Therefore, we may witness a slow and steady bearish movement that would take price towards the support lines at 1.0850 and 1.0800 this week. 

USD/CHF: From October 12 to October 20, bulls laid a decisive to the resistance level at 0.9900, and after much persistent bullish pressure, bears gave way as price went upwards, testing the resistance level at 0.9950, and the retracing bit. Because USD is strong and because CHF is expected to drop further this week (allowing other major pairs to go upwards against it). There may be some bullish movement that would push USD/CHF above the resistance level at 0.9950 this week. 

GBP/USD: This currency trading instrument went upwards from Monday till Wednesday, and then consolidated till the end of the week. This is best called a kind of consolidation in the context of a downtrend. The outlook on GBP pairs is bullish for this week, but the bullish movement on the GBP/USD might not be significant enough to threaten the ongoing major bullish bias.

USD/JPY:  This market moved sideways throughout last week, but the bullish bias in it is still visible. This week, momentum would rise as price resumes its recent bullish journey, targeting the supply levels at 104.50 and 105.00. The outlook on other JPY pairs is bullish for this week, and the USD/JPY is no exception.

EUR/JPY: One major reason why this cross dropped by 170 pips last week was because EUR is weak. Further weakness in EUR would cause more southward journey, for there is a clean Bearish Confirmation Pattern in the market. However, we may witness some rally in case Yen becomes weaker than EUR this week.

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

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

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

                                                                                            

Weekly Trading Forecasts on Major Pairs (October 24 - 28, 2016)

Here’s the market outlook for the week:

                                          

EURUSD

Dominant bias: Bearish  

EURUSD dropped by over 100 pips last week. Price has dropped by more than 300 pips since October 10, resulting in a Bearish Confirmation Pattern in the market. The outlook on EURUSD (and other EUR pairs) is bearish for this week. Therefore, slow and steady downward movement is expected on EURUSD and the support lines at 1.0850 and 1.0800 could be tested this week. Rallies would proffer opportunities to sell short at better prices.   

USDCHF

Dominant bias: Bullish

Bulls laid a decisive siege at the support level at 0.9900 (formerly a resistance level) from October 12 to 20. It was already forecast that bulls would not find it easy to break the level at 0.9900 to the upside. On October 20, bears gave way to the persistent bullish pressure, partly due to existing stamina in USD. Price was able to close above the support level at 0.9900 after testing the resistance level at 0.9950, and retracing. This week, further bullish movement is possible in the market, because USD is strong and because CHF would be weak this week. Some currencies would rally versus CHF and this would help USDCHF to go more northward, though a significant bullish movement is not likely.

GBPUSD

Dominant bias: Bearish

GBPUSD made a shallow rally attempt from Monday to Wednesday and then consolidated till the end of the week. As it was hinted in the last forecast, this week would witness more volatility on GBP pairs when compared to last week. This means the present consolidation on GBPUSD would end as momentum rises, though the outlook on GBP pairs is bullish for this week. In case GBPUSD rallies, we would not anticipate a serious threat to the extant dominant bias in the market.  

USDJPY

Dominant bias: Bullish

USDJPY went sideways throughout last week – a situation that could be termed a sideways movement in the context of an uptrend. The outlook on JPY pairs is bullish for this week, and USDJPY might be able to rise towards the supply levels at 104.50, 105.00 and 105.50. This is a situation that could lead to a strong Bullish Confirmation Pattern in the 4-hour chart. The supply levels at 103.00 and 102.50 would serve to restrict large pullbacks this week.  

                                                                                                                               

EURJPY

Dominant bias: Bearish   

There is a bearish signal on this trading instrument, as price dived by 170 pips last week. One great factor that has contributed to this bearish signal is the weakness in EUR itself, and the only factor that could effect any rally on this instrument is the fact that Yen could become weak (thereby causing JPY pairs to rally this week). In case EUR becomes weaker than Yen, price would fall further. A factor that causes Yen to become weaker than EUR would bring some rally in the market.

This forecast is concluded with the quote below:

"When you understand the rules of the game, you can play the game like a master..." – James Altucher

Source: www.tallinex.com

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

  

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POSITION SIZING AS A SOURCE OF ALPHA

In trading we have a concept known as alpha – that is the measure of skill we bring to the investment process as measured by comparison to a given benchmark. Traditionally we think of generating alpha via our instrument selection or timing. The aim of being a trend follower or momentum trader is to buy instruments that are moving in the right direction. The naive trader or investor sees this as some form of prediction when in actual fact it is simply a bet.

The philosophy behind this is that the ones you get right pay for the ones you get wrong and once or twice a year you get a trade that does extremely well. The trick is not to go broke waiting for the one that does extremely well. And it is this not going broke that is the key to the entire equation.

If you look at fund managers or hedge funds who have gone broke you notice that what has sent them broke has been what I would called a conviction bet. They are absolutely and completely convinced of their opinion, as such they effectively bet the farm on a given trade or series of trades. This is much more common than you would think and has been responsible for some spectacular collapses, the most notably was Long Term Capital Management in 1998.

 More recently we have seen Bill Ackman of Pershing Square drop what is conservatively estimated at in excess of $500 million on a bet that Herbalife was a pyramid scheme. The notion of conviction bets reveals more about the psychology of the traders placing the bets than it does about their methodology since their methodology is simply to bet big and hang on.

This recent paper by Novus looks at the notion of position sizing/money management as a source of deriving alpha, that is profitability is derived by sizing bets correctly and as you might assume not going broke. Novus make an interesting point –

Many elite managers owe most of their winnings to their ability to consistently generate value through sizing decisions. In other words, they consistently make accurate sizing decisions. To that end, position sizing alpha is a good measure to evaluate the sizing decisions made by a manager and assess their skill at optimizing a portfolio – at least with regards to relative performance of their own positions.

This underlines survivability as the key issue in being profitable – it might seem obvious but to the funds management industry it isn’t. You can read the entire report here but there is a point they make that I want to concentrate on

We found that more than half of the managers in our universe benefit from position sizing in absolute return terms. Since January 2010 through the end of last year, 57.5% of our HFU managers outperformed equally-weighted versions of themselves, and 41% underperformed. The remainder saw no difference in annualized return due to sizing.

My view of this is that it is not the winning positions that they sized correctly but rather the losing ones which were sized correctly which influenced their performance. This meant that no single trade had a disproportionately negative impact upon the portfolio. None of them experienced a situation where they had the bulk of their fund in a single instrument that tanked taking them with it. As an historical example of what can happen when you have a concentration of bets consider the fate of the somewhat aptly named Tokyo based Eifuku Hedge Fund. This fund in the space of nine days lost effectively all of its capital due to its bets in three trade groups.

If there were a take home lesson in this it would be to pay defence and wait for the winners to reveal themselves. However, this presents a problem since it requires the trader to admit when they were wrong and to admit that mistake and act accordingly. The means that the traditional mechanisms we put in place to defend our ego have to disappear in order for us to be successful.

Author: Chris Tate

Article reproduced with kind permission of http://tradinggame.com.au/

www.tallinex.com wants you to become a successful trader.

Super Trading Strategies: Super Strategies 

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How You Can Become A Neteller Supplier (Making Profits)

MAKE AN ADDITIONAL INCOME

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Even if you’ve a job or a source of income right now. It pays to look for ways to make additional income, no matter how small. That would augment your overall net worth.

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How can you make extra income from supplying Neteller?

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5.      Then you can sell the e-currency to an exchanger who will buy it from you at a high price. One exchanger that buys at a high price is: www.ituglobalfx.com.ng

For example, if you fund you Neteller account at N400/$, you can sell it at N430/$. If you sell $1000 to an exchanger, you can make a profit of N30,000. If you sell $3000 per month to an exchanger, you can then make N90,000 per month from that.

You can sell far more or less than the examples mentioned above.

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Super Trading Strategies: Super Traders     

Roxi Petroleum: Is This Spike Sustainable?

Roxi Petroleum stock (LSE:RXP) has spiked upwards. The short-term trend is bearish, but the spike has overturned everything, which could potentially result in a bullish signal. But is this sustainable?

Whatever happens in the next few days would determine the direction of the market. In case price stays above the EMA 21 and the Williams’ % Range period 20 is not far from the overbought territory, there would be a bullish signal in the market.

In case price closes below the EMA 21 and the Williams’ % Range goes around the area of oversold territory, then the current spike would be a false one. This is the situation on Roxi Petroleum.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies 

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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

Cluff Natural Resources Stays in a Bullish Mode

Cluff Natural Resources shares (LSE:CLNR) are still in a bullish mode, which means that the current bullish trend will continue.

Price formed a frustrating base in most months of this year, but it broke upwards in August 2016, trending seriously upwards. The market has become volatile and bulls and bears are in a deadly struggle for supremacy.

After weeks of recent consolidation, price has begun to go up again. The ADX period 11 is above the level 60, meaning that the momentum in the market is now very strong. The DM+ is above the DM-, meaning bulls have upper hands right now. The MACD, default parameters, has its signal lines above the zero line, though the histogram is below the zero line.

When the histogram goes above the zero line, there would be a Bullish Confirmation Pattern in the Cluff Natural Resources daily chart. Price would continue to go up.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Traders   

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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

What's the difference between hits, page views and unique visitors?

If you use our Web statistics system to track visitors to your site, you'll see references to "hits", "pages viewed", "unique visitors", "authenticated visitors", "entry pages", "exit pages", "spiders" and "robots".

A hit is counted each time someone views a file on your Web site. A single Web page can be made up of many files. For example, if your main Web page is one HTML file, ten image files, a JavaScript file and a CSS stylesheet file, that would show as 13 hits when people view that page. If you're just interested in how many people are looking at your site, you probably don't care about hits. Each request counts as a "hit" regardless of whether it came from a person, a search engine, an RSS reader, or any other source.

Pages viewed is the number of HTML pages or scripts that your visitors have looked at. A "page" is a hit that isn't an image, JavaScript or CSS file and which wasn't loaded by a search engine robot.

A visit is one or more pages viewed by one person. If someone goes to your site and looks at five different pages, for example, that counts as a single visit. If they return the next day and view more pages, that’s a second visit.

Unique visitors is the approximate number of different people who visited your site. It includes human visitors, but usually excludes search engine robots and other automated systems. Visitors are tracked by the IP address of the computer the person is using. If the same IP address returns to view your site within the month, that will add to hits and pages, but won't increase the number of unique visitors. Note that the number of unique visitors is only a rough estimate: the IP address of some visitors could change between visits (depending on their type of network connection), and different visitors can sometimes appear to share the same IP address if they're behind a "proxy server" at a large company or ISP.

Authenticated visitors are people who visited a password protected directory on your Web site. If you don't have any password protected directories, you will have zero authenticated visitors.

A page is counted as an entry page if it's the first page viewed by a visitor. Similarly, an exit page is the last page viewed by that visitor. You can use this information to tell which pages people use to enter and leave your site.

Robots and Spiders are computers that examine the content of your Web site, rather than human viewers. For example, when Google examines your Web site to index the content, that will be shown as a robot or spider.

The countries shown by the statistics program are calculated by determining which ISP a visitor is using, then checking the country of that ISP.

The bandwidth listed is the amount of data transferred when visitors look at your site. Our page about bandwidth explains more.

The number of pages and hits in the Connect to site from section count links from other sites and exclude clicks on links within your own site. So if someone reaches your site as a result of a link on another site, then views two more pages on your site, that will show as one page in this section, not three.

How accurate are the statistics?

They're pretty good, but not perfect.

A visitor's IP address may change between visits, and some visitors go through "proxy servers" — computers at large ISPs such as AOL that can "cache" their own copy of your Web site files. For example, it's possible for two AOL users to view your Web site, but for AOL to show the second person a "cached" copy of what the first person saw without connecting to your site again. That would show as a single visit in the statistics.

In addition, the listings of what IP addresses belong to which ISP, and which country that ISP is in, can sometimes be inaccurate.

Because of potential problems like this, your Web site statistics (like all statistics) should be considered useful information that might not be accurate down to the last detail.

Source: https://support.tigertech.net/stats-hits 

Neteller here: www.ituglobalfx.com.ng

Super Trading Strategies: Super Strategies  

Daily analysis of major pairs for October 17, 2016

The EUR/USD went down by 220 pips last week, closing below the resistance line at 1.1000. There is a strong Bearish Confirmation Pattern in the 4-hour chart, which means further bearish movement is expected this week, and that could take price towards the support lines at 1.0950 and 1.0000. However, it is unlikely that the great support line at 1.0000 would be breached.

EUR/USD: The EUR/USD went down by 220 pips last week, closing below the resistance line at 1.1000. There is a strong Bearish Confirmation Pattern in the 4-hour chart, which means further bearish movement is expected this week, and that could take price towards the support lines at 1.0950 and 1.0000. However, it is unlikely that the great support line at 1.0000 would be breached.

USD/CHF: Just as it was predicted last week, this pair trended upwards 125 pips, testing the resistance level at 0.9900. It should be noted that bulls have repeatedly failed to go above the resistance level. However, due to the extant buying pressure in the market, the resistance level might be breached to the upside, and price may not go significantly upwards following that.

GBP/USD: This currency trading instrument remains bearish, both in long-term and short-term outlook. There is a huge Bearish Confirmation Pattern in the market, and any bullish effort should be taken as sell-shorting opportunities. Price is currently consolidating, but a breakout is imminent this week or next.

USD/JPY: There is still a bullish signal in his market, and there is a Bullish Confirmation Pattern in the chart. As long as price is above the demand level at 101.50, the bullish signal would be valid. Bulls might be able to target the supply levels 105.00 and 105.50 this week.

EUR/JPY: It is better to stay away from this market right now, because there is no directional movement (except one is trading on a very low timeframe, going for quick gains). A close look at the market shows the possibility of price going further south this week, due to the weakness of EUR.

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

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

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

                                                                                            

Weekly Trading Forecasts on Major Pairs (October 17 - 21, 2016)

Here’s the market outlook for the week:

                                          

EURUSD

Dominant bias: Bearish  

This pair trended downwards by 220 pips last week – just as it was expected. Price closed below the resistance line at 1.1000, going towards the support line at 1.0950. Bears may eventually target the support line at 1.0900, but they would meet some opposition at that place.  The bias on the market is bearish, and any rallies seen here should be taken as opportunities to sell short at better prices.  

USDCHF

Dominant bias: Bullish

USD/CHF was able to trend higher last week, managing to reach the resistance level at 0.9900. Based on the prognosis last week, bulls were unable to push price beyond the resistance level, though they may be able to do that this week, due to the perceived buying pressure in the market. The current price action shows that price is almost above that resistance level. Once price goes above the resistance level, next targets would be other resistance levels at 0.9950 and 1.0000. Once again, it is unlikely that price would go above the psychological level at 1.0000, though USDCHF would remain bullish as long as EURUSD remains bearish.

GBPUSD

Dominant bias: Bearish

Cable plunged last week, reaching the low of 1.2088 on October 11. Price then consolidated till the end of the week. The bias on the market is bearish in the short and long-terms, and thus, it is logical to anticipate another bearish journey once this consolidation ends. This does not rule out a possibility of a rally, which cannot be significant enough to threaten the current bearish bias. The movements on GBP pairs this week would not be as strong as the movements that would be witnessed next week.

USDJPY

Dominant bias: Bullish

This market has managed to maintain its bullish stance; as price continued to trudge northwards. The supply level at 104.50 has been tested and it would be tested again. Some bearish forces would attract the current short-term uptrend, but unless USD itself experiences loss in stamina, the bias would not turn bearish. The bullish outlook would remain as long as price does not breach the demand level at 102.00 to the downside.

                                                                                                                               

EURJPY

Dominant bias: Bearish   

EURJPY has not moved significantly in the short-term, though a closer look at the market reveals that bears have upper hands over bulls. As long as EUR is somewhat weak, price may face some difficulties in going up. Price is currently below the supply zone at 114.50, and it may test the demand zones at 114.00 and 113.50 this week. On the other hand, a movement above the supply zone at 116.00 would result in a clear bullish signal.

This forecast is concluded with the quote below:

“My belief is that the markets are a very friendly place. Whatever you want in life, the markets will find a way to give it to you. I’m not being facetious here.” – Dr. Van K. Tharp

Source: www.tallinex.com

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

  

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