It is certainly not news when I say that emotion is counter-productive when it comes to trading. However, we are all humans, and it is usually a constant struggle to control our emotions. They are there to stay, hence the topic of this article relates to managing those emotions. I refer both to the negative, and also Read more »
Eur/Usd Trade Analysis
When the Eur/Usd gets near the 1.4250 area I will be looking for signs of a powerful break out Read more »
GBPUSD In An Important Zone
GBPUSD is at the moment in a very important zone and both long term as well as Intra-day traders will be holding back their trades and wait for GBPUSD to break out in any direction. GBPUSD is currently trapped between long term and medium term [...] Read more »
EURUSD Settling Back Into Upward Trend After Completing Its Retracement
EURUSD is looking to gradually settle back into its long term upward trend. Currently an important resistance can be seen around 1.4200 level because break of that level will trigger an extended upward move. Currently traders will look to buy EURUSD for dips below 1.4075 [...] Read more »
GBPUSD Seems To Target 1.5825 Level
GBPUSD has broken below an important support level of 1.6000 level. It seems that currently GBPUSD to setting itself for a move towards 1.5825 level and we might also find GBPUSD breaking the 1.5825 level and then target 1.5755 level. The 1.5755 level is also [...] Read more »
GBPUSD: 1.5800 Beckoning
It is still early to say that Gbpusd weekly support at 1.5990 is breached. However, signs of increased weakness are becoming evident. For instance, a look at the 4hr chart will reveal a strong bearish close below 1.5990 for the first time since the weekly right shoulder was breached back in early February. We are now seeing a tentative retest Read more »
Using Moving Averages To Trade Forex
Overview: Moving Average is a basic mathematical tool that can be used even as stand-alone indicator to trade in the markets but if you mix it up with some other indicators, it can be quite a useful tool. As the name suggests it is the [...] Read more »
EURUSD taking retrace to setup a move towards 1.4200 level
EURUSD is moving in a nice upward trend and after touching top of its current channel around 1.4250 level, it seems to be taking some retrace. The retracement seems to extend towards 1.4000 level. The 1.4000 level seems a very good buying entry especially for [...] Read more »
XAGUSD/Silver Technical Outlook
I quite recently became interested in Xag/Usd/Silver. As a trend trader, it really is the perfect instrument to trade, as the manner in which it trends is second to none! My aim in trading Silver is to get in on a decent enough retracement to be able to hold it for the longer-term until the next major correction takes place. We saw a slight correction in the enormous uptrend several weeks ago when 26.30s got tested before quickly being rejected. The more recent retracement ended at only the .618% retracement of the 31. Read more »
Worst week of trading ever!
This week, my third week of trading, was awful. After having a mediocre first week and a profitable second week, I was hoping to have my first really solid increase, but things did not go as planned. This week, I didn’t see too much in [...] Read more »