Trading Signals for JPY Pairs (March 4 - 23, 2015)

USDJPY = Buy

AUDJPY = Buy

CADJPY = Buy

CHFJPY = Buy

EURJPY = Buy

GBPJPY = Buy

NZDJPY = Buy

NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position size of 0.1 would be used. The breakeven stop is set after about 70-pip profit is made. A trailing stop of 100 pips is set after over 170 pips have been gained.

Recent performances

December 2013 – December 2014 = 12.0%

January 2015 = 0.7%

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

Source: www.tallinex.com

Learn from the Generals of the Markets: Market Generals

Monthly Technical Reviews on Gold and Silver (March 2015)

GOLD (XAUUSD)

Dominant Bias: Bearish

Gold was bearish for the most part of the last month and there is a possibility that it would continue to be bearish this month. There has been a series of higher lows and lower lows in the market and the current higher low may be another opportunity to sell short when things are slightly bullish and in the context of a bearish trend. The resistance levels at 1255.00 and 1275.00 should do a good job in defending the existing bias, as price may find it difficult to go upwards through them. On the other hand, price may test the support level around 1190.24 – which was the low of the last month. It may even breach that support level to the downside, while going further south.

SILVER (XAGUSD)

Dominant Bias: Bearish 

Silver is not currently a strong market because the bears have already gained dominance.  The recent attempts by the bulls to push price upwards have been foiled by the bears, and therefore, the market was bearish in the month of February 2015. It is possible that this bearish trend would continue this month, taking price towards the demand levels at 16.0000 (16.0450 was the low of the last month). While Silver has moved higher since it touched the low of the last month, this higher movement could be a trap to the unwary bulls, for price could drop further from here. Only a movement above the supply level at 17.5000 could invalidate this expectation.

Source: www.tallinex.com

Learn from the Generals of the Markets: http://www.amazon.co.uk/Learn-Generals-Market-Azeez-Mustapha/dp/1908756314

Daily analysis of major pairs for March 2, 2015

The EUR/JPY trended downwards last week, owing to the weakness in the EUR. The price tested the demand zone at 133.50 and further bearish movement was rejected around that place. There is now a faint bullish effort in the market and the supply zones at 135.00 and 135.50 can be attained this week. The outlook on this cross is bullish for the week.  

EUR/USD: This market plummeted by around 180 pips last week, challenging the support line at 1.1200. This week, we would watch another support line at 1.1100 – though there is a probability that the market could rally any day in the week.

USD/CHF: In contrast to what the EUR/USD was doing, this pair moved downwards. (Although its movement was not as significant as the movement on the EUR/USD), the USD/CHF price rose upwards from the support level at 0.9450, almost reaching the resistance level at 0.9550. While the resistance level may be breached to the upside, the possibility of a bearish correction cannot also be overlooked.

GBP/USD:  The Cable went upwards and later went downwards last week, but the general outlook on the market is still upbeat. On Friday, February 27, 2015, the price closed at 1.5436, while hovering above the accumulation territory at 1.5400. There is a risk of that accumulation territory being breached to the downside.

USD/JPY:  Owing to the perceived strength in the USD, this currency trading instrument made a weak effort to go upwards last. Unless the price crosses the supply level at 120.00 to the upside, it would be assumed that this market is still consolidating. One would need to keep one’s fingers crossed until a serious momentum returns to the market. One thing is almost certain: the possibility that the USD/JPY would go upwards is very high.

EUR/JPY:  The EUR/JPY trended downwards last week, owing to the weakness in the EUR. The price tested the demand zone at 133.50 and further bearish movement was rejected around that place. There is now a faint bullish effort in the market and the supply zones at 135.00 and 135.50 can be attained this week. The outlook on this cross is bullish for the week. 

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

Learn from the Generals of the Markets: http://www.amazon.co.uk/Learn-Generals-Market-Azeez-Mustapha/dp/1908756314

Weekly Trading Forecasts on Major Pairs (March 2 - 6, 2015)

Here’s the market outlook for the week:

EURUSD

Dominant bias: Bearish

This market, which was in an equilibrium phase for a few weeks, experienced further weakness last Thursday.  Price dropped by 180 pips, closing below the resistance line at 1.1200. While price might saunter into the territory below the resistance line at 1.1100, it may not be able to go down further from there. The outlook for the EUR is bullish for this week, and therefore, price may rally by 100 – 200 pips any day in the week.   

USDCHF

Dominant bias: Bullish    

One would expect that USDCHF would go northward seriously, just as EURUSD went southward seriously. However, the bullish movement on USDCHF has been limited, for bears are making effort to drag the pair lower. Should price fail to go above the resistance level at 0.9550, it may experience some bearish correction which may take the pre lower towards the support levels at 0.9500 and 0.9450.  

GBPUSD

Dominant bias: Bullish

The outlook on Cable is bullish and it went upwards at the beginning of last week, reaching the distribution territory at 1.5550. Price failed to close above that distribution territory and got corrected downwards, testing the accumulation territory at 1.5400. There is a possibility that Cable may test the accumulation territories at 1.5300 and 1.5250 this week, thus rending the Bullish Confirmation Pattern in the market useless.

USDJPY

Dominant bias: Neutral   

This currency trading instrument has not moved upwards or downwards in a significant mode so far. Price gallivants between the demand level at 119.00 and the supply level at 120.00. One thing is noteworthy: this instrument may trend higher from here, breaking the aforementioned supply level to the downside, and thus targeting another supply level at 130.00. The outlook for all JPY pairs for this week and for the rest of the month of March 2015, is bullish.

EURJPY

Dominant bias: Bearish

Owing to the recent weakness on EUR, this cross experienced a moderate bearish trend. Price moved downwards but further downwards movement was rejected at the demand zone of 133.50. On Friday, February 27, 2015, price closed at 133.93, making a weak bullish effort. As it has been mentioned before, Yen is supposed to be weak this week (and for the most part of this month). Short trades are not recommended on JPY pairs – including EURJPY. A rally is expected on this cross any day.

This forecast is concluded with the quote below:

“Obviously, I need to do something with regards to the markets. That's my passion. Trading is the best way to be connected with the market…” - Julian Marchese

Source: www.tallinex.com

Learn from the Generals of the Markets: Market Generals

Larry Williams: From $0.01 Million to Over $1.1 Million

LEARN FROM THE GENERALS OF THE MARKETS - PART 61

“According to a popular drink advert in the UK, good things come to those who wait. Trading is no different. It takes time and practice to become a consistently profitable trader. But when you do get there, everything will become very easy.” - Max Munroe

Larry Williams is a very brilliant American trader, author and researcher. He was born in October 6, 1942, in Miles City, Montana, USA. He graduated from Billings Sr. High, in Billings, Montana, in 1960. He also graduated from the University of Oregon, Eugene; being a student of journalism. While at school he was very active in sports. He also belonged to Honorary Professional Fraternity (Alpha Delta Sigma), in which he was a notable member.

He’s written at least, 11 popular books on trading and other important topics. He created many popular indicators like Williams% Percentage Range, COT indices, cycle forecasts and others. With his loyal friend, Louis Mendelsohn, who’s also a trader and software developer, he’s created new cutting-edge analytical tools.

In 1987, Larry Williams was the winner of World Cup Championship of Futures Trading from the Robbins Trading Company. He turned $0.01 Million to Over $1.1 Million in twelve months. That reflected over ten thousand and nine hundred percent returns. He was given an award by the MTA (the Market Technicians Association) in 2014. He also funds a scholarship that is available to the University of Oregon students of journalism and communication who’re creative, but may not have a high GPA.

Larry has been involved in various forms of activities, including politics, charities, researches, trading seminars around the globe and so on and so forth. His website is: Ireallytrade.com.

Lessons:

Here are some of the lessons that can be learned from Larry.

1. You’re already a trader, according to Larry. How true is this statement! You buy or sell wheat. You travel and exchange currencies. You buy and sell houses. You offer goods for sale, or you buy goods. The list can go on endlessly. You’re already a trader; though in a different sense. Why can’t you then go professional and tap the riches the markets offer you?  Larry lives the life many people can only dream of. He lives in the US Virgin Islands, writes, does research and enjoys trading.

2. Let’s please see the quote at the beginning of this article. The quote is from Max Munroe, and it says that when one masters the market, one would discover that trading is easier than is thought. This profession has a bad public image because people think it’s extremely difficult to make consistent profits in the market. It’s truth is that this is difficult for those who don’t know what they’re doing. The solution to the problem in the art of trading is simple indeed.

3. Larry has been trading for more than 50 years. His lasting career means that it is possible to attain a lasting success in your career as a trader.

4. As far as Larry is concerned, trading excellence runs in his family. 10 years after he won Robbins Trading World Cup Championship, his daughter Michelle (Academy Award Nominee) won the same championship. That was the year 1997. His son Dr. Jason Williams, who’s a psychiatrist at Johns Hopkins wrote a book titled “The Mental Edge in Trading,” which documents the personality of successful market speculators. Do you want trading excellence to run in your family? Do you want your spouse, your children, and so on, to become successful in the markets? Do you want your children to be richer than you?

5. Part of his secrets is seasonal patterns and market cycles. These things work for traders who know how to take advantage of them. Please go learn about them.

6. Yes, people can learn to trade. Just like any other professions, trading is an art that can be taught. If you’re interested, you may want to look for a great coach to show you the way. One thing that is special about Larry – unlike most other coaches – is that he also trades. He doesn’t only coach; he trades. Larry has been an educator for just as long as he’s been a trader. There are many coaches out there who can’t trade profitably over the long term, but there are coaches like Larry who can, and does, trade profitably. Larry himself said: “When I teach people how to day trade I put my own hard cash at risk, so you can really see how it works. I have traded $1,000,000 in front of students and gave them back 20% of the profits.” These are the people that are recommended for those who want to learn how to become wining market speculators.

7. Price is king. It’s the most important indicator and the final arbiter. The bulls and the bears may fight and disagree, but price is the one that will tell who’s right or wrong.

Conclusion: Top traders know they’re victorious only because they accept their errors. That’s why they’re victorious. Accepting errors make them rich, since they also get battered by the uncertainties in the markets. They can be adversely affected by unforeseen crashes and rallies. They can lose money in foreign markets (or make money). Their timing may be sometimes wrong, and they may even invest in wrong stocks. But instead of accepting defeat, they mentally recovered (as the case is always is). They aren’t bothered with a positive or a negative trade. These great speculators are very good at accepting negative trades, making uncertainties their ally, and facing negativity victoriously. That’s why they’re rich. 

This piece is ended with a quote from Larry:

“If you are not yet making money, what do you do? Go back to the basics! My bet is that you have not learned what moves markets...”

Source: www.tallinex.com

Learn from the Generals of the Markets: Market Generals