Usd/Jpy formed a sharp impulsive downtrend over the past few weeks, from 85.95 top, which was established after the BOJ intervened in September. Obviously, intervention did not work as pair formed a nice five wave, called an impulsive decline with a recent low at 80.40. Always when five sequence is finished, a correction in the … “Bullish Reversal for USD/JPY?”
Category: Opinions
Gold Bullish in Near Term
Gold should be headed higher in the very near term, at least towards the 1360, as we anticipate at least three wave move on the upside from 1315 lows; either you count a decline from 1387 highs as a five wave move or a complex double zig-zag correction. Guest post by Gregor Horvat Gold was … “Gold Bullish in Near Term”
Why What You Know Can Kill Your Trading
We have all been there before. You look at your charts and you see a classic pattern forming be it a head and shoulders or bear flag or any of the other well known trading patterns. Since you’ve seen this pattern many times before and you just know exactly what the market is going to … “Why What You Know Can Kill Your Trading”
If they can’t take my house, why should I pay for it?
That’s the question that millions of Americans struggling to pay their mortgages should be asking now with the foreclosure freeze. The question for forex traders is: how will this mortgage mess move currencies? Here’s a review of the crisis, still a low profile crisis, the devastating implications and scenarios for the dollar. Bank of America has stopped … “If they can’t take my house, why should I pay for it?”
Fundamental Overview – Market Movers Last Week –
The U.S. Dollar continued its decline against most of the other major currencies last week, with the exceptions of the New Zealand and Canadian Dollar that were each a few pips lower. Nevertheless, the Dollar’s fall last week was not as dramatic as previous weeks against the other major currencies that each gained only fractionally. … “Fundamental Overview – Market Movers Last Week –”
Are You A Sprinter Or A Marathoner?
They say that patience is a virtue but in the world of trading it can save your life. I have seen too many people come into this business in such a rush to make money that they jump on everything that moves and as a result end up taking lot of questionable trades that only … “Are You A Sprinter Or A Marathoner?”
The Truth About Trading
Trading isn’t difficult. There I said it. Now I know this may go against every thing that you may have read online or heard from friends, but before you get all up in arms and prepare to burn me at the stake just hear me out. Guest post from visionsofaffluence.com Trading like most things in life … “The Truth About Trading”
Fundamental Overview – Market Movers Last Week –
The U.S. Dollar continued sliding against all the major currencies last week, extending the previous two weeks’ substantial losses even further. The U.S. Dollar Index lost -0.76 points last week to close at 77.33, showing a net loss of -0.98 percent on the week. The Dollar Index is now showing a net loss of 0.53 … “Fundamental Overview – Market Movers Last Week –”
6 Reasons Why EUR/USD Is Vulnerable
Despite the weak US jobs report, EUR/USD has lost some of its charm. Uptrend support is at risk, the chance for another round of QE is not that certain anymore, the failure to break higher and more, all make it vulnerable. Here goes: Uptrend support is at risk – EUR/USD fell towards this strong line … “6 Reasons Why EUR/USD Is Vulnerable”
Baseball Can Make You A Better Trader
If you think that you are going to trade and never lose then you are in for a rude awakening. There is no such thing as a trader that never loses and anyone that claims that they are is a liar. Guest post from visionsofaffluence.com I mean let’s be honest here no one is perfect and … “Baseball Can Make You A Better Trader”