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Sunday, July 23, 2017

Daily analysis of major pairs for July 24, 2017

The USD/CHF went south by 180 pips last week, having lost about 620 pips since May 11. There is a huge Bearish Confirmation Pattern in the chart and further downwards movement could be seen, as price goes towards the support levels at 0.9400, 0.9350 and 0.9300. On the hand, there could be a meaningful rally when USD gains stamina.

EUR/USD: On the EUR/USD, bulls are the clear winners this week. Price has already gone above the multi-month high at 1.1600, and it closed above the support line at 1.1650 on Friday. There could be further bullish movement this week, for the resistance lines at 1.1700, 1.1750 and 1.1800 could be tested this week. It should also be borne in mind that the further the market goes upwards, the more the chances of a significant pullback.


USD/CHF: The USD/CHF went south by 180 pips last week, having lost about 620 pips since May 11. There is a huge Bearish Confirmation Pattern in the chart and further downwards movement could be seen, as price goes towards the support levels at 0.9400, 0.9350 and 0.9300. On the hand, there could be a meaningful rally when USD gains stamina.

GBP/USD: The Cable is neutral in the short-term, and bullish in the long-term. A movement above the distribution territory at 1.3150 would strengthen the recent bullish bias; a movement below the accumulation territory at 1.2800 would result in a bearish bias. A movement between the distribution territory at 1.3050 and the accumulation territory at 1.2950 would result in further neutrality. 

USD/JPY: The USD/JPY lost about 140 pips last week, testing the demand level at 111.00. Since July 11, price has lost about 310 pips, leading to a Bearish Confirmation Pattern in the market. The demand levels at 111.00, 110.50 and 109.50 should be tested this week, owing to a strong bearish outlook on JPY pairs this week.

EUR/JPY: This cross has held out its bullishness so far. The market consolidated last week, and it can go further upwards from here, reaching the supply zones at 130.50 and 131.00. One reason the cross is able to remain bullish till now is the strength in the EUR itself; and things would begin to drop once the EUR loses strength. There is a possibility of a bearish reversal before the end of the month.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


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Saturday, July 22, 2017

Weekly Trading Forecasts for Major Pairs (July 24 - 28, 2017)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bullish
On EURUSD, bull was the clear winner last week. Price went upwards by 210 pips, breaking the multi-month high at 1.1600 and closing above the support line at 1.1650. Since June 27, price has gained 470 pips, and there is still more room for upwards movement, for price could reach the resistance lines at 1.1700, 1.1750 and 1.1800 this week. Nevertheless, it should be noted that, the more the market goes upwards, the more the chances of a reversal (which could happen before the end of the month).  

USDCHF
Dominant bias: Bearish
This pair went down about 200 pips last week, making bear the clear winner. Since May 12, the market has gone down by more than 600 pips, leading to a huge Bearish Confirmation Pattern in the market. On Friday, price went briefly below the support level at 0.9450, and later closed above it. This week, further downwards movement is expected and the support levels at 0.9450, 0.9400, and 0.9350 could be tried. In case USD gains a considerable amount of stamina, there would be an upwards bounce in the market.



GBPUSD
Dominant bias: Neutral
Cable is bullish in the long-term, but neutral in the short-term. Price tested the distribution territory at 1.3100, and then began to be corrected downwards last week, reaching the accumulation territory at 1.2950. A movement above the distribution territory at 1.1300 would help restore the bullish confident; while a movement below the accumulation territory at 1.2800 would result in a bearish bias. A movement between the distribution territory at 1.3050 and the accumulation territory at 1.2900 would keep the short-term neutrality in the market.

USDJPY
Dominant bias: Bearish
There is a bearish signal on USDJPY. Price went southwards by 140 pips last week (having gown downwards by 330 pips since July 11). On Friday, the demand level at 111.00 was tested – it would be breached to the downside this week. Other bearish targets are located at the demand levels of 110.50, 110.00 and 109.50. There is a strong bearish outlook on JPY pairs this week, and therefore, long trades are not recommended on USDJPY.  

EURJPY
Dominant bias: Bullish   
The bias on this cross is bullish, though price only consolidated last week. Further consolidation can result in a short-term neutrality. One reason why the bullish bias has held out so far is the stamina in EUR itself. This week, there are possibilities that the supply zones at 130.50 and 131.00 can be tested this week. On the other hand, there could be a strong pullback before the end of the week (or the month), owing to a bearish outlook on JPY pairs for the rest of the month.

This forecast is concluded with the quote below:

“Trading is a great business for those who master it, and those who master it are traders who have mastered themselves.” – Joe Ross





  

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Friday, July 21, 2017

NETELLER: How I make easy money with Tallinex.com – Part 2

In the first part of the articles in this series, I revealed one great way to make money from Tallinex.com. My account is still profitable with that.

I told you I would reveal the second method I use to make money from this great and reliable broker.

It’s simple. I funded my Tallinex.com account with Neteller and opted to join their PAMM account program. Some of them use proven trading systems.

Their top money managers’ details can be found here: https://www.tallinex.com/mm-details




NETELLER at Parallel Market Rates
We offer Neteller at parallel market rates for those who open Tallinex.com accounts with us. That means you can fund or withdraw Neteller as often as you wish at parallel market rates, as long as you place at least, one trade per month. Buy at: N385/$. Sell at: 358/$.

To open a Tallinex account with us, with a minimum of 100 USD, please register on www.ituglobalfx.com.ng and click the link on the bottom of the website: I simply copy profitable trades on Tallinex.com; trading with peace of mind

Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 




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Traders’ Mindset: Traders' Mindset
  





ITU GLOBAL: What is the meaning of ITU?


Our business name is Itu Global.

Some people wonder: What is the meaning of ITU?

Some think the name “Itu: stands for Itu Baba Ita (area father), one old, above-the-law soul and a leader of veteran thugs, who was espoused by one late ace broadcaster and comedian, called Gbenga Adeboye. To date, he remains the best stand-up comedian produced by the Yoruba race.

In Yoruba language, itu means “feat.”

For example:

“Itu meje ti ode npa ninu igbo.”

“The seven feats performed by a hunter in the forest.”

In Indonesian, itu means “that” (a conjunction or a pronoun).

But our business name means
I = International
T = Trade
U = Unlimited

International Trade Unlimited is the full meaning of ITU.



Some of our customers prefer to pronounce it “I-T-U” (one letter after the other). Most pronounce it “ITU” (as one word).

Meanwhile, our main aim is to create value for our business.


Thank you.


To see our current rates, please visit www.ituglobalfx.com.ng


To fund and withdraw with Neteller, please visit: www.instantforex.com.ng




Traders’ Mindset: Traders' Mindset
  

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HOW YOU SEE THE WORLD HAS A SIGNIFICANT EFFECT ON YOUR SUCCESS

INTRODUCTION: Hello Traders. The article below is useful for all areas of human endeavors (including trading). Please read it to discover a great secret today. Read between the lines and see how the facts revealed here aptly apply to trading.

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There are, broadly speaking, two ways to see the world and these have a great influence on how successful you become.

The first is what psychologists call the “external locus of control,” and the second is the “internal locus of control.”

You see… as the world around you changes, you can either attribute success and failure to things you have control over, or to forces outside your influence.

And which orientation you choose has a huge bearing on your long-term success.

This concept dates back to the 1960s with Julian Rotter’s investigation into how people’s behaviours and attitudes affected the outcomes of their lives.

Locus of control describes what individuals perceive about the underlying main causes of events in his/her life.


Put more simply:

Are you the pilot of your life or you just a passenger?

Do you believe that your destiny is controlled by you or by external forces (such as fate, the government, your boss, the system or others)?

Here’s how Charles Duhigg—the author of the book Smarter Faster Better describes locus of control:

“Locus of control has been a major topic of study within psychology since the 1950s. Researchers have found that people with an internal locus of control tend to praise or blame themselves for success or failure, rather than assigning responsibility to things outside their influence. A student with a strong internal locus of control, for instance, will attribute good grades to hard work, rather than natural smarts. A salesman with an internal locus of control will blame a lost sale on his own lack of hustle, rather than bad fortune.



“‘Internal locus of control has been linked with academic success, higher self motivation and social maturity, lower incidences of stress and depression, and longer life span,’ a team of psychologists wrote in the journal Problems and Perspectives in Management in 2012. People with an internal locus of control tend to earn more money, have more friends, stay married longer, and report greater professional success and satisfaction”



What is an external locus of control?

Well, we all know those people.

In fact, sometimes we are those people.

Nothing is ever their fault. There is always an excuse. The world is out to get them, life is unfair.

Duhigg describes it as follows:

“…Having an external locus of control—believing that your life is primarily influenced by events outside your control—’is correlated with higher levels of stress, [often]because an individual perceives the situation as beyond his or her coping abilities,’ the team of psychologists wrote” (24).


The benefits of an Internal Locus of Control

In general, people with an internal locus of control:

Engage in activities that will improve their situation.
Emphasize striving for achievement.
Work hard to develop their knowledge, skills and abilities.
Are inquisitive, and try to figure out why things turned out the way they did.
Take note of information that they can use to create positive outcomes in the future.
Have a more participative management style.


The bottom line:

We aren’t born with an unalterable locus of control, so it is critical to keep an eye on in ourselves so we can improve the way we look at the world.

Sure, bad things happen to us.

But rather than dwelling on them, it’s better to find a useful belief about them and move on.

It’s important to remove the idea that your life is dictated by forces outside of your control.

Of course, to one degree or another, it is. But there is plenty that we can control. You can create your own luck through study, hard work and perseverance.

It’s often said that you become a blend of the five people you hang out with the most.

This is important to keep in mind. Associate with positive people who believe they are in control of their own lives. Their beliefs and energy will rub off on you. And then yours will rub off on them.

It becomes a very powerful and positive feedback loop!



Author: Michael Yardney (a guest blogger at http://tradinggame.com.au

Author’s profile: Michael Yardney is a director of Metropole Property Strategists, which creates wealth for its clients through independent, unbiased property advice and advocacy. He is a best-selling author, one of Australia’s leading experts in wealth creation through property and writes the Property Update blog.




PS: 4 useful trading quotes are also added below:


“There is a wise saying which came into being primarily since the advent of mechanical trading systems, and it goes something like this: "Your system will stop working when someone else builds his system based on your system." Can you see the truth in that? It is because of that reality that it is best to scout around for what may be working recently, and why it is a waste of time to backtest a system or method to see if it has worked for the last 10 years. You can't trade history you are forced to trade the present in an attempt to take advantage of the future.” – Joe Ross


“I’m not worried about being stingy, trying to get every last pip out of a trade; I want out of my position if the trade is going the wrong way! Do you want to be stingy or do you want to be OUT??” - Rick Wright


“A winner has the ability to find positive values from the most negative circumstances. This is the first reason why only emotionally healthy people can assume risks, they are able to rise above the superficial negative circumstances, discover trading opportunities and take decisive trading actions based on the current market conditions.” – Andy Jordan


“You have no control over whether you will win or lose – but you have enormous influence over the beliefs that drive the performance of your trading process.  This is the new “Winning Nature” that bridges the gap between controlling outcome (which is impossible) and controlling your process (which you can do repeatedly).  This leads to the calm, patient mind need for successful trading.”  - Rande Howell


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



Traders’ Mindset: Trdaders' Mindset


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Wednesday, July 19, 2017

Blue Star Capital - Go Long

Blue Star Capital stock (LSE:BLU) is extremely strong right now. The market had been in a tight consolidation in the past several months, before becoming a bull’s paradise.

The consolidation was so tight that it formed a long-term base, and now it has broken out with a high momentum, skyrocketing.


The ADX period 14 is at the level 60, meaning that the momentum in the market is superb. The DM+ is above the DM-, showing that bears have already been ravaged and they are completely hopeless at the moment,

The MACD parameters has it both its signal lines and histogram above the zero line. There is a huge Bullish Confirmation Pattern in the market: The bullish journey is expected to continue for the next few months, at least.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

                                                

Vela Technologies is a choppy market

Vela Technology shares (LSE:VELA) are quite choppy, ugly and unattractive. The market has been going in a zigzag manner.

Price is a kind of bullish, but that signal is not that strong.

Right now, price is above the EMA 21, while the Williams’ % Range period 20 is in the overbought territory. That means there is a possibility of further rise to the north, to justify the current bullish effort.


Vela Technologies is choppy at the present, but there seems to be a rise in the bull’s interest in pushing price upwards. The intent would be made known within the next several weeks as price makes for the resistance levels at 0.300, 0.350 and 0.400.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

                                                

Monday, July 17, 2017

Selling BITCOIN at a far higher rate

The Bitcoin rate has crashed in Nigeria – and that’s no longer news.

Some exchangers buy Bitcoin for as low as N250/$ (names withheld). But most buy it around N320/$-N325/$-N330/$. Is that going to be favorable to you?

The fact is, because of the ever increasing popularity of Bitcoin, supply is far higher than demand, and when that happens, the market would drop like a stone.

One way to withdraw Bitcoin at a higher rate is to convert it to NETELLER, and sell it to us. We currently buy at N355/$ (from our Instaforex.com and Tallinex.com clients). Right now, you can convert Bitcoin to Neteller at 1% rate.



Our other verified customers also sell Neteller at a very competitive rate, which they see as they login on our website.

Apart from us, other exchangers buy Neteller at prices which range from N300/$ to N325/$/. Please check online for yourself, you would see that our rates are far better. We also pay customers faster than them.

They buy far below us and sell far higher than us. Yet some people buy from them. That’s great.

THE FUTURE OF NAIRA
Some think that the parallel markets would still come down. This is good news for the layman, but bad news for sellers of e-currencies. In a bad economy, hyperinflation is inevitable. The parallel market rate can’t go below the Western Union rate; and the latter can’t go below the CBN rate.

Unless the economic improves significantly, the parallel market will skyrocket once CBN gets tired of the ongoing “quantitative easing.” They want to prove they have a very deep pocket, but in reality, they don’t.

Japan is struggling for their currency to become weaker and weaker, so that their products can become more attractive to foreigners. On the contrary, Nigeria thinks a stronger Naira is what we need to boost the economy.

GET VERIFIED
We allow Neteller withdrawal from verified customers only. You don’t need to wait until you’re ready to sell Neteller before you get verified by us. Many customers simply get verified by us without having Neteller to sell. That means, when they eventually have Neteller to withdraw through us, they simply come up, withdraw it to our account and then get paid within minutes. Those who postpone verification until they’ve Neteller to withdrawal may be subjected to unnecessary delays.

Get verified today.



To see our current rates, please visit www.ituglobalfx.com.ng

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 Traders’ Mindset: Traders' Mindset


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Daily analysis of major pairs for July 17, 2017

 The EUR/JPY moved downwards last week, in the context of an uptrend. Price first went upwards to test the supply zone at 130.50, before it got corrected by 180 pips. The demand zone at 128.50 has tried to halt further correction, but price may break below it as it goes further southwards, thus invalidating the uptrend.  

EUR/USD: This pair has been able to maintain its bullishness so far; though price went in a zigzag manner. The pair closed above the support line of 1.1450 on July 14, now targeting the resistance line at 1.1500 (the initial target for the week). As soon as price exceeds the resistance line, it would go upwards to target additional resistance lines.



USD/CHF: This market is neutral in the short-term and bearish in the long-term. The neutrality in the market would continue as long as price does not go above the resistance level at 0.9750; and as long as it does not go below the support level at 0.9550. A movement above the aforementioned resistance level would result in a bullish bias, while a movement below the support level at 0.9550 would strengthen the current bearish bias.

GBP/USD: The GBP/USD moved sideways early last week, and it shot seriously skywards in the last few days of the week. The distribution territory at 1.3100 has been tested and it would soon be breached to the upside, for price can move further upwards by 200 pips this week. The outlook on certain other GBP pairs is also bullish.

USD/JPY: The movement on this currency trading instrument was bearish last week, and that has become a threat to the recent bullish bias. Only an upwards movement from here would save the bullish bias. A movement below the demand level at 111.50 would invalidate the recent bullish bias, creating a clear “sell” signal. That is the expectation for this week. 

EUR/JPY: The EUR/JPY moved downwards last week, in the context of an uptrend. Price first went upwards to test the supply zone at 130.50, before it got corrected by 180 pips. The demand zone at 128.50 has tried to halt further correction, but price may break below it as it goes further southwards, thus invalidating the uptrend. It should be borne in mind that the outlook on JPY pairs is bearish for July.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


Traders’ Mindset: Traders' Mindset


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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.