EURUSD Remains Vulnerable To The Downside On Price Rejection

EURUSD: With the pair backing off higher prices on Tuesday, weaken further on Wednesday, more decline is likely in the days ahead. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Its daily RSI is bearish and pointing lower supporting this view. All in all, EURUSD faces further downside pressure on corrective pullback.

EURUSD Remains Vulnerable To The Downside On Price Rejection

Read more ...

GBPUSD: Eyes Recovery Higher Towards The 1.3030 Zone

GBPUSD: The pair remains biased to the upside as it faces recovery higher threats. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Conversely, resistance stands at the 1.2950 levels with a turn above here allowing more strength to build up towards the 1.3000 level. Further out, resistance resides at the 1.3050 level followed by the 1.3100 level. On the whole, GBPUSD continues to face upside risk on correction higher.

[IMG]GBPUSD: Eyes Recovery Higher Towards The 1.3030 Zone[/IMG]

GBPUSD: Eyes Recovery Higher Towards The 1.3030 Zone

Read more ...

Guida Passo dopo Passo per Investire in Cripto-Valute

Investire in Cripto-valute è molto diverso dall’investire in altri strumenti finanziari come gli stock. Le maggiori cripto-valute, Bitcoin e Ether, si comportano e funzionano molto diversamente dagli share. Sono più come un gettone digitale, che serve per certe funzionalità. Queste funzionalità sono diverse, i Bitcoin con il loro approccio decentralizzato e valute pseudo anonime, ed Ethereum con la loro funzione smart contract.

Investire in cripto-valute può essere fruttuoso, ma solo se lo fai bene. L’articolo qui sotto vuole educare i lettori riguardo le più sicure e più fruttuose maniere di investire in queste valute alternative.

• Identificare la vostra cripto-valuta: In pratica, le cripto-valute sono tradate con i loro cambiavalute che differiscono radicalmente da quelli delle azioni ordinarie. Molti grandi cambiavalute come Kraken, GDAX, Bitfinex, Gemini, ecc. offrono un buon volume per trader sia con Ethereum che con Bitcoin, utilizzando Dollari Americani attraverso trasferimenti bancari o carte di credito. Quindi è sempre una buona idea affidarsi ai grandi cambiavalute con alti volumi per massimizzare le possibilità di trading.

• Scegliere un Portafoglio: Una delle preoccupazioni più grandi del trading con le cripto-valute è la sua sicurezza. Questo perché gli utenti non hanno il pieno controllo quando i loro gettoni attendono lo scambio. Ci sono diversi tipi di portafoglio tra cui scegliere, e sono i seguenti.
• Hardware: Dispositivi USB che possono accedere alla blockchain, per esempio Ledger Nano S.
• Desktop: E’ una applicazione installata su un computer che si connette alla blockchain. Alcuni esempi sono Exodus, Jaxx, e Parity.
• Web-based: Vi si può accedere da ovunque, e non richiede l’installazione di alcuna applicazione. Un esempio è MyEtherWallet.


• Scegliere il miglior cambiavalute di Bitcoin: Nel caso dei Bitcoin, i fondi vengono investiti nei Bitcoin così come nel cambiavalute dal quale li comprate. Per questo è importante scegliere una vantaggiosa piattaforma di cambio basandosi sul cambio e sul mercato. Il primo passo è trovare il luogo in cui ha sede il cambiavalute perché le leggi e i regolamenti possono differire da paese a paese.


• Assicurarsi che la compagnia aderisca a tutte le regole: La compagnia in questione deve aderire alle regole e i regolamenti vigenti in un paese. Queste possono includere la KYC (know your customer - conosci il tuo cliente) e leggi anti riciclaggio di soldi. Anche le misure di sicurezza dovrebbero essere controllate, con login sicuri e con doppi processi di autenticazione.

• Controllare la reputazione della valuta: Ci sono vari tipi di cripto-valute disponibili oggi sul mercato, con sempre più aziende che introducono le loro versioni delle valute alternative. Tuttavia, marchi famosi come Bitcoin ed Ethereum hanno un tasso di accettazione molto maggiore a livello mondiale. Quindi, è una buona idea scegliere una cripto-valuta con una buona reputazione piuttosto che una relativamente nuova.

Investire in cripto-valute è un affare relativamente nuovo che richiede solamente di essere verificati. Alla fine del giorno, i gettoni dovrebbero essere tenuti al sicuro riponendo la chiave privata in un portafoglio. Questo è di aiuto per un sistema con più continuità.

Guida Passo dopo Passo per Investire in Cripto-Valute

Read more ...

Looking for Better Spreads

If you depend on lowest trading spreads I would suggest you LQDFX which until the end of time ensures lowest trading spreads which is very supportive to make profit with certainly by using any kinds of trading techniques with scalping that brings profit in a short time. actually from all trading tools spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker.

Looking for Better Spreads

Read more ...

Weekly Trading Forecasts for Major Pairs (August 28 – September 1, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair is neutral in the short-term, but bullish in the long-term. Price moved sideways from Monday to Thursday, and then broke upwards on Friday. Price gained roughly 150 pips that day, closing above the support line at 1.1900. The bullish movement could take price towards the resistance lines at 1.1950 and 1.2000. The resistance line at 1.2000 would try to impede any bullish movement beyond it, for the outlook on EURUSD is bearish for this week (following some visible bullish effort).

USDCHF
Dominant bias: Neutral
USDCHF is bearish in the long-term, and neutral in the near-term. The market consolidated mostly last week, save for the bearish breakout that was witnessed on August 25. Since the movement of this pair is dictated by whatever happens to EURUSD, it is expected that further downwards movement would be witnessed as long as EURUSD goes upwards. This can enable price to go below the support lines at 0.9550 and 0.9500, thus ending the ongoing near-term neutrality. A sharp drop in EURUSD price would bring about a meaningful rally on USDCHF.

GBPUSD
Dominant bias: Bearish
Since the beginning of this month, GBPUSD has lost about 450 pips, going southwards. There is a Bearish Confirmation Pattern in the market, which could not be threaten by the rally that took place at the end of last week. In fact, the rally would act as a good opportunity to sell short at slightly higher prices, for the outlook on GBPUSD is bearish for this week. In September, GBP pairs would be mostly bearish (though some rallies would be witnessed in certain cases).

USDJPY
Dominant bias: Bearish
This trading instrument was caught in an equilibrium phase last week – though the major outlook on the market is bearish. The weakness in USD has prevented a meaningful rally in the market, and bullish effort would continually be thwarted as price goes further downwards. Further bearish movement is anticipated this week, for the demand levels at 109.00, 108.50 and 108.00 would be aimed. Rallies should either be ignored or approached with caution.

EURJPY
Dominant bias: Bullish
Both in the short-term and the long-term, this cross is bullish. Some conspicuous rally attempt was started at the beginning of last week, and that culminated in a strong rally that was seen on Friday, as price closed at 130.45. A “buy” signal has already been generated, and that may enable price to go upwards by another 200 pips this week. However, the outlook on JPY pairs is bearish for this week and for September, and thus, whatever goes up on EURJPY cross will eventually come down.

GBPJPY
Dominant bias: Bearish
GBPJPY was quite choppy in July. Nonetheless a smooth bearish movement began in August, and price has been going steadily southwards since the beginning of the month, losing 700 pips. On Thursday and Friday, some bullish correction was seen, but that has paled into insignificance when compared to the overall bearish bias on the market. This week, price is supposed to continue its bearish movement. The demand zones at 140.50, 140.00 and 139.50 would be reached. They may even be exceeded.


This forecast is concluded with the quote below:

“Trading is a collaborative endeavour between you and the market. The market offers up opportunities on a regular never ending cycle and you decide what you will do with these opportunities. There is no enemy in this transaction; it is a symbiotic relationship and a failure to accept this is at the root of many of the problems that traders have.” – Chris Tate

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (August 28 – September 1, 2017)

Read more ...

Do you see trading as fun and games?

“One thing very good traders have is insight into themselves.” - Chris Tate


FUN AND GAMES
Recently Louise Bedford and I have been doing the Short Term Trading Magic seminars in a few places and it has been sometime since I did any form of presentation on a semi regular basis. As such it has been interesting to observe people as they work through various trading issues.

One of the things I have noted is that people take trading far too seriously and this is reflected in a form of desperation. Desperation is the antithesis of the state of mind you need to be in to trade effectively.

There is no deny that this is a phase everyone enters at some stage in their career but to be successful you need to move beyond this and begin to treat trading as the game that it is. Once I started treating trading as a game then it became so much easier on the soul and my results reflected this. I even have a t-shirt that says that the fewer fucks I give the more I make.

This is not to say that I am reckless but rather that I am in no way wedded to the outcome of any trade. At its core my life will not change if a trade or even a cluster of trades are winners or losers – they are simply not that important. When compared to real life, trading is nowhere near as important as people think it is.

It is often commented that children are better are learning new things than adults who seem set in their ways. I am not so certain that this is a reflection of any great cognitive superiority or plasticity that the young may have but rather a reflection of their willingness to be both wrong and to play. Young children have no ego therefore the mistakes that their play generate have no impact upon their sense of self-worth. As adults we lose this resilience because we believe that it is somehow catastrophic to our self-image if we do make mistakes.

But in trading your mistakes are your own – no one else can see them so you are insulated from the judgment of others. This isolation gives you the freedom to be wrong but the only thing you have to cope with is your own judgment.

Markets are a wonderful universes for exploration and for play. The presence of micro contracts in various instruments and online trading mean that you experiment very cheaply.

The price of admission to the fun park is much lower than it used to be and the number of rides has gone through the roof. It is a shame that more traders don’t view trading as little more than a theme park where you can play to your heart’s content and during the process of playing you learn much more than you would if you were consumed by seriousness and desperation.


Author: Chris Tate

Article reproduced with kind permission of: http://ift.tt/1ictipJ


More trading quotes are below:

“To my way of thinking trading is an internal endeavour – there is no external enemy who you can deceive or overpower since markets only exist in the most ephemeral way inside your head. Markets may appear to be physical constructs but they are largely an illusion, trading occurs inside your head where your own perceptions and distortions of reality influence your decision making.” – Chris Tate

“The one thing you shouldn't feel pressured about is trading. If you do feel that way, you probably need to take a step back and reassess. Pressured trade(r)s don't make good trade(r)s.” – Joe Ross


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

Do you see trading as fun and games?

Read more ...

Weekly Trading Forecasts for Major Pairs (August 21 - 25, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair is bullish in the long-term, but neutral in the short-term (for price has been going sideways for about two weeks). Price has been moving to and fro, within the resistance line at 1.1850 and the support line at 1.1650. As long as price moves to and fro within the resistance and support lines, the short-term neutrality would hold out. A movement above the resistance line of 1.1850 would make the long-term bullish bias more conspicuous, while a movement below the support line of 1.1650 would result in a bearish outlook. A movement below the aforementioned support line is more likely, owing to the expected weakness in EUR this week.

USDCHF
Dominant bias: Neutral
USDCHF has become a neutral market, as it has not assumed a protracted directional movement since early August. For a directional movement to start, there is a need for price to go above the resistance level at 0.9750 (thus creating a Bullish Confirmation Pattern), or the price would go below the support level at 0.9600 (thus creating a Bearish Confirmation Pattern). A movement to the upside is more likely this week, owing to an expectation of weakness in CHF and strength in USD.

GBPUSD
Dominant bias: Bearish
This market went downwards last week, testing the accumulation territory at 1.2850 several times, but not able to breach it to the downside. The outlook on GBP pairs is bearish for this week, and for this, the bearish journey on GBPUSD would continue as the accumulation territory at 1.2850 is breached to the downside. The next targets would be accumulation territories at 1.2800, 1.2750 and 1.2700.

USDJPY
Dominant bias: Bearish
From August 14 to 16, there were bullish attempts in this market, as price went upwards by 160 pips, almost reaching the supply level at 111.00. From the high of last week (110.93) price went down by 220 pips, moving briefly below the demand level at 109.00 and then closing above it on Friday. The bearish journey may continue this week, and therefore, the demand level at 109.00, 108.50 and 108.00 could be the next targets.

EURJPY
Dominant bias: Bearish
What happened on EURJPY last week was nearly similar to what happened on USDJPY. In the first few days of last week, price rallied in the context of a downtrend, testing the supply zone at 130.00 and then dropping smoothly by 200 pips, to test the demand zone at 128.00. Price has closed above the demand level at 128.00, but it is likely that it would test it again – probably breaching it to the downside - as it ontinues to go southwards this week.

This forecast is concluded with the quote below:

“20+ years ago I knew I wanted to live life on my terms, I just didn’t know how to create the income that would allow that. That desire drove my focus on trading and still does today.” – Sam Seiden,

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (August 21 - 25, 2017)

Read more ...

Why professional traders helps the other traders

Have you ever wondered why the professional traders of Forex are offering their valuable knowledge to the new traders? In this market, everyone is trying to make money and every trader is at war with another trader. There are a number of traders who like to trade in the group in the market. But by joining the trading community in Singapore or a group will not help you to make money. You need to have a solid trading system and a strong basis. And if you are a little bit intelligent then you can easily get valuable advice from the expert traders at Saxo. But why the professional traders are offering their valuable knowledge to the new traders with a little amount of money? We are going to explore the answer to this question in this article.

Professional traders do not offer their secret
First of all, you have to understand that they are not telling you the secret of Forex trading. They are only offering you the basics and some advance knowledge of Forex. Though it may look like in their style they are telling you something which has been kept secret for thousands of years but they are giving you only the basic information of Forex. If you ever look at their free newsletter, you will see that they are telling the same thing which other magazines of Forex are saying. They have only added some information and giving it to you. But this very basic foundation is very important for the new traders. By following the guideline of the expert traders you can easily find the perfect way to develop yourself as a professional trader.
The second reason they offer you education is that it is not free. They are also making money from it. They have developed their own strategy and have traded the market for money. They have now a good amount of money in their account to lead their lives in luxury and they are making money when you are subscribing for their education. If you look at any master of Forex’s websites, you will see that there are many ads. All these are paid ads and Forex trading Singapore is getting huge popularity due to this mass advertisement also. The money that they are taking from you is little, may be only 200 dollars for a little course, but hundreds of students are subscribing for their courses. At the end of the month, they are making thousands of dollars by offering some basic knowledge in the Forex. If you read any of their articles, they always say to subscribe to their newsletter to read the full article, to know more amazing tips of Forex. This market is very large and everybody is trying to make money. Professional traders are also using the new traders as their money source by offering little knowledge of their experience.

How do we master the art of trading?
This is a very complex question but the answer is very simple. You need strong devotion and determination in the financial industry. At your initial stage, you should never focus on making a profit rather you should develop your trading skills. Instead of trading the market with your real money use the virtual dollar to develop a solid trading system. Some traders often complain that demo trading doesn’t help at all but the professional traders always consider it as the basic platform to master the art of trading. So it’s your decision whether you learn the art of trading by losing real money or by using the demo account.

Summary: Thanks to the professional traders for extending their helping hands to the new traders. Those who are determined to become full-time traders must seek help or take advice from the expert traders so that they get clear over view of this market. As a trader, you should always remember that knowledge is the key to success in the Forex industry.

Why professional traders helps the other traders

Read more ...

Weekly Trading Forecasts for Major Pairs (August 14 - 18, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair is bullish, though it only consolidated last week, moving between the support line at 1.1700 and the resistance line at 1.1850. A movement above the aforementioned resistance line would put more emphasis on the bullish bias, while a movement below the support line could result in a threat to the bullish bias. On the other hand, further consolidation for the next several trading days would bring out a neutral bias on the market. No matter what happens this week, EUR would be seen going upwards versus certain currencies like AUD and NZD.

USDCHF
Dominant bias: Bearish
This is essentially a bear market, although there was a bearish effort between July 25 and August 8, it was not enough to override the overall bearish bias. After testing the resistance line at 0.9750, further bullish effort was rejected as price came down by 250 pips, closing below the resistance line at 0.9650 on Friday. This week, the market would endeavor to target the support levels at 0.9550 and 0.9500 (even possibly exceeding it).

GBPUSD
Dominant bias: Bearish
In the context of a downtrend, GBPUSD moved sideways last week. Price oscillated between the distribution territory at 1.3050 and the accumulation territory at 1.2950. A movement below the accumulation territory at 1.2950 would put more emphasis on the bearish mode of the market, while a movement above the distribution territories at 1.3050, 1.3100 and 1.3150 would result in a new bullish signal. This week, GBP also would be seen moving upwards versus certain currencies like AUD and NZD.

USDJPY
Dominant bias: Bearish
From the August high of 114.47, this trading instrument has dropped by 550 pips, testing the demand level at 109.00, and closing above the demand level on Friday. There is a strong Bearish Confirmation Pattern in the market, and thus, it is logical to conclude that price would continue going downwards this week, aiming at the demand levels of 109.00, 108.50 and 108.00. There could be transitory upward bounces along the way.

EURJPY
Dominant bias: Bearish
The long-expected bearishness on EURJPY is here. Last week, price dropped 250 pips, ending the recent neutrality on the market (which was in place for roughly three weeks), and bringing about a bearish bias. On Friday, price bounced upwards, closing slightly above the demand zone at 129.00; thus creating a wonderful opportunity to sell short at a better price, while the outlook on the market remains bearish. This week, price is expected to go lower, reaching the demand zones at 128.50, 128.00 and 127.50

This forecast is concluded with the quote below:

“All good traders are also good record keepers. If they win a trade, they want to know exactly why and how… Traders who win consistently treat trading as a business.” - Matt Blackman


Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (August 14 - 18, 2017)

Read more ...

Insights into the Mindset of Super Traders – Now Almost Free of Charge

“One of the things that amazes me most about trading is that the longer I do it the more I admit that I don’t know. For a very long time I have been convinced that I have no idea where the price of instrument is going. I certainly know a lot about market dynamics, the history of markets (which is something everyone should study) and about my own reactions to events. But I have sold all idea about where the market is going. Granted I can create a narrative in my own head to justify my own positions but at the end of the day I simply make a bet on the direction of an instrument and I am consciously aware of my own behavioural short comings.” – Chris Tate (an expert veteran of the markets, more than 30 years of experience)

Anyone can learn to be a trader – but making a success of it involves more than just pushing Bid and Ask buttons. You need good strategies that will allow you to deal with the vagaries of the market.

It’s no secret that the majority of traders lose. But some succeed and become rich, even super-rich. These are the super traders.

Insights into the Mindset of Super Traders reveals the life stories of 20 selected master traders: how they think, how they view the markets, and how they make their fortunes. The book gives an overview of their careers and explains what lessons can be drawn from their success.


“THREE QUESTIONS TRADERS WOULD LIKE TO ASK RIGHT NOW.”

Why is trading so difficult?
Answer: What makes trading appear very difficult is the fact that the market can never be predicted. When we predict, we’re sometimes wrong or right. However, having an impression that the market can be predicted is the single most important reason why most traders end getting frustrated. No matter the analytical method you use (Monte Carlo, Neural Networks, Horology, robots, Gann, news, Ichimoku, etc), you can’t predict the future. Your frustration will continue as long as you think you can predict the market. Once you admit you can’t do this, your frustration ends, because you’ve aligned yourself with the reality in the market.

What benefit can I get from trading?
Answer: Freedom. Freedom is everything. You master your financial destiny, growing richer and richer gradually. Very soon, you’ll realize that trading is the best vehicle for financial freedom; plus the greatest game on earth. Sadly, many people don’t believe this fact.

How can I experience permanent success in the markets?
Answer: You will attain permanent success once you devise a way to make money in the market without being able to predict the market – without knowing what the market will do next. This kind of strategy isn’t hard to devise. You’ll then see each new trade as a potential loser until you’re proven otherwise. This mindset will enable you to activate stops and use a small position size. You’ll know trading is simply a game of probability and with a good RRR, the odds will eventually come in your favour. This is what’s called positive expectancy. With this simple approach, you’ll no longer see trading as difficult. More importantly, you will attain permanent success without the ability to know the future, which begins from your mind.


This piece is ended with 2 quotes:

“Talking about trader psychology may stir intellectual debate, but the real work of trader psychology is about re-working the beliefs are you projecting onto the markets about your capacity to manage uncertainty (with your trading account as the arbiter). Simply being knowledgeable is never enough. It is the hard, but satisfying, work of examining the beliefs that drive your performances in trading that matter.” - Rande Howell

“The complete trader is able to combine all or parts of the above approaches with his own style. Trading mastery combines observation, scientific knowledge, good judgment, intuition, and creative instincts with decisive action.” – Joe Ross


Tap the secret here (almost free of charge):
http://ift.tt/2pEDDS4

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

Insights into the Mindset of Super Traders – Now Almost Free of Charge

Read more ...

Weekly Trading Forecasts for Major Pairs (August 7 - 11, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair edged higher last week, reaching the resistance line at 1.1900, before the pullback that is currently being experienced. Price has gained more than 1000 pips since early May 2017, and the trend for this year has generally been bullish. The pullback may end up giving a good opportunity to buy long at better prices, in the context of an uptrend (for the outlook on EUR is bullish for this week). Price could thus target the resistance lines at 1.1800, 1.1850 and 1.1900.

USDCHF
Dominant bias: Bullish
A recent weakness in CHF has made USD/CHF go upwards, resulting in the current bullish bias. However, the bullish bias is currently precarious, for price merely consolidated last week, closing above the support line at 0.9700. Further consolidation this week would result in a neutral bias, unless price is able to breach the resistance level at 0.9750 to the upside, closing above it. On the other hand, a movement below the support level at 0.9550 would result in a bearish bias, which may happen in case CHF gathers bullish momentum (a possibility).

GBPUSD
Dominant bias: Bullish
GBPUSD is bullish, but there is a threat to the bullishness. As the market moved in a positive correlation with its EURUSD counterpart, its price was able to go up last week, testing the distribution territory at 1.3250, before there was a considerable pullback on Thursday and Friday. From the high of last week (1.3262), price dropped 210 pips, closing below the distribution territory at 1.3050 (hence the threat to the bullish bias). The threat may increase as price goes further southward, as the outlook on GBP pairs is bearish for this week. The accumulation territories at 1.3000 and 1.2950 could be breached easily.

USDJPY
Dominant bias: Bearish
Here is a bear market, with a clear Bearish Confirmation Pattern in the market. Price has been going southwards in a slow and steady manner, having lost 430 pips since July 11. The market bounced upwards on August 4, but that pales into insignificance when compared to the overall bearish bias. This week, the bearish journey would continue - owing to the ongoing bearish expectation certain JPY pairs. The initial target is the demand level at 110.50, then followed by the demand level at 110.00 which was also tested last week.

EURJPY
Dominant bias: Neutral
The neutrality on this trading instrument continued last week. Price attempted to stay above the supply zone at 131.00, but the attempt proved abortive. Had the attempt succeeded, a bullish signal would have been generated. The weakness that was seen in the last few days of last week has only put more emphasis on the neutrality of the market. One factor preventing a serious bearish movement in this market is the stamina in EUR, and therefore, there may not be a big pullback until EUR undergoes exponential weakness.

This forecast is concluded with the quote below:

“Be proud you're a trader. A trader is a man who earns what he gets and does not give or take the undeserved. A trader does not ask to be paid for his failures, nor does he ask to be loved for his flaws. A trader does not squander his body as fodder, or his soul as alms. Just as he does not give his work except in trade for material values, so he does not give the values of his spirit - his love, his friendship, his esteem - except in payment and in trade for human virtue, in payment for his own selfish pleasure, which he receives from men he can respect…” - Ayn Rand

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (August 7 - 11, 2017)

Read more ...