Weekly Trading Forecasts for Major Pairs (January 15 - 19, 2018)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
The market was bearish from Monday to Wednesday, and then began to make some bullish effort, which eventually paid for. From the middle of last week, price rose by 270 pips, to test the resistance line at 1.2200. That resistance line remains under siege, for it would easily be breached to the upside this week, as price gain at least, another 150 pips. The outlook on EUR pairs remains bullish.

USDCHF
Dominant bias: Bearish
This pair made some weak bullish effort from January 8 to 10, almost reaching the resistance level at 0.9850. However, further bullish attempt was rejected as a bearish movement was assumed, which ended up generating a bearish signal in the market. From the high of last week, price dropped by 170 pips, closing below the resistance level at 0.9700 on Friday. The outlook on USDCHF is bearish for this week, for the market would face attacks from two fronts: CHF would gain some stamina, and a strong EURUSD would help ensure continuous bearish pressure on USDCHF.

GBPUSD
Dominant bias: Bullish
The bullish breakout that was witnessed in this market has ended the protracted consolidation in the market, which had held out for several weeks (save the bullish attempt that occurred in the last week of December 2017). GBPUSD moved upwards by 200 pips on Friday alone, and since GBP pairs would be somewhat bullish this week, it is logical to expect the bullish movement to continue, reaching the distribution territory at 1.3750 and 1.3800.

USDJPY
Dominant bias: Bearish
USDJPY went south by 214 last week, making several unsuccessful attempts to break the demand level at 111.00 to the downside. There is a Bearish Confirmation Pattern in the chart, which supports a bearish outlook on the market. That means the demand level at 111.00 would be breached to the downside, as price journeys further southwards to towards the demand levels at 110.50, 110.00, and 109.50.

EURJPY
Dominant bias: Neutral
Although the market was mostly bullish within the last 4 weeks, the bullishness was challenged last week as price dropped 320 pips from Monday to Wednesday. Nonetheless, the upwards bounce that was seen in the market on Thursday and Friday was strong enough to challenge its short-term bearishness. Only a movement of 100 pips to the upside would result in a strong “buy” signal; whereas a movement to the south, even by 150 pips, would help put more emphasis on the recent bearishness in the market. Until one of these directional movement happens, the bias on the market would remain somehow neutral.

GBPJPY
Dominant bias: Bullish
This cross dropped 310 pips from Monday to Wednesday, consolidated on Thursday, and bounced upwards on Friday. Generally, the bias on the market is bullish: The pullback that happened in the first few days of last week appears to be offering an opportunity to buy long at better prices. Thus, the supply zones at 152.50, 153,00 and 153.50 would be targeted this week.

This forecast is concluded with the quote below:


“Trading is a simple profession since it can be summed up in three ideas. If it is trending up over the time frame you are trading you buy it. If it trending down over the time frame you are trading you sell it. Don’t bet the farm. It is hardly rocket science yet despite this our very nature more often than not defeats us despite the evidence that it shouldn’t.” – Chris Tate


Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (January 15 - 19, 2018)

Read more ...

High leverage

High leverage can bring profit instantly if you are able to make proper trading planning with great risk management policy , otherwise you can fall a huge loss by taking high leverage , in this market place by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non-sense planning and zero risk management approach. So, before trading with high leverage we have to know how to manage risk.

High leverage

Read more ...

Weekly Trading Forecasts for Major Pairs (January 8 - 12, 2018)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
The market essentially consolidated throughout last week – in the context of an uptrend. Although price did not go seriously upwards or downwards last week, that stance is going to change this week (for price would assume a directional movement). It is much more likely that price would continue going upwards, owing to bullish expectations on EUR pairs. So at least 150 pips may be gained this week.

USDCHF
Dominant bias: Bearish
This pair was caught in an equilibrium movement last week (although the overall bias on the market is bearish). Unlike the equilibrium phase of last week, there is going to be a strong breakout this week, which would, nonetheless, respect the ongoing bearish bias. This is because there would be selling pressures on USDCHF, except EURUSD drops sharply. At least, a southwards movement of 100 pips is expected from here, reaching the support levels at 0.9700 and 0.9650.

GBPUSD
Dominant bias: Bullish
This trading instrument went upwards last week, to test the distribution territory at 1.3600, before dropping lower. So far, the drop has been shallow and that has not overridden the bullish bias on the market, unless the accumulation territory at 1.3400 is breached to the downside, which would require a heavy selling pressure. The distribution territory at 1.3600 could be tested again. It could even be breached to the upside.

USDJPY
Dominant bias: Bullish
Last week, USDJPY rejected further bearish effort as it went upwards by 110 pips, thereby generating a short-term “buy” signal. Price managed to close above the demand level at 113.00 on Friday, thus making further northwards movement a possibility. This means the supply levels at 113.50 and 114.00 could be reached this week. Nevertheless, there is a present risk of a large pullback on JPY pairs.

EURJPY
Dominant bias: Bullish
This cross went upwards last week, reached the supply zone at 136.50 and ended the week in a bearish correction. Since December 15, 2017, price has gained over 400 pips; plus it would be somewhat difficult for a lasting bearish movement to occur in the market, as long EUR is strong. The targets for this week are located at the supply zones of 136.50, 137.00 and 137.50. There are demand zones at 135.00 and 134.50.

GBPJPY
Dominant bias: Bullish
GBPJPY experienced a strong bullish movement last week, moving from the demand zone at 152.00, to reach the supply zone at 153.50. It is possible that price would gain another 200 pips this week, as price goes further northwards. However, the more the market goes upwards, the more the chances of a bearish correction, which may be significant enough to challenge the ongoing bullish outlook. That is expected to happen anytime this month.

This forecast is concluded with the quote below:

“…We need a strategy that produces profits on a consistent basis, the self-discipline that executes that strategy and the focus to achieve our goals.” - Gabe Velazquez

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (January 8 - 12, 2018)

Read more ...

Weekly Trading Forecasts for Major Pairs (January 1 – 5, 2018)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
There is a Bullish Confirmation Pattern on the market. Price went upwards by 170 pips last week, almost managing to close barely above the support line at 1.2000. While there could be further bullish effort this week, it is not may not take price above the resistance line at 1.2100, because the outlook on the market is strongly bearish for this week, and mostly bearish for January as whole. Therefore, the days on the current bullish bias are numbered.

USDCHF
Dominant bias: Bearish
This trading instrument was vividly engaged in a bearish movement last week, thus ending the short-term equilibrium phase that occurred around the middle of December. The market dipped by 160 pips last week, closing below the resistance level at 0.9750. Further bearish movement is expected this week, which could take price towards the support levels at 0.9700 and 0.9650. USD would try to amass some stamina sometimes this week, but that would not make a significant bullish difference (until EURUSD dips), because CHF itself would become strong versus many major currencies this month, and USD included.

GBPUSD
Dominant bias: Bullish
This pair, which was mostly moving sideways in December, managed to start a bullish movement last week. A close above the accumulation territory at 1.3500 means the sideways phase is temporarily over. The bullish bias would hold out only as long as price is able to stay above the accumulation territory at 1.3450. There would be strong movements on this pair, as well as other GBP pairs, in January, and most of the movements would be bearish.

USDJPY
Dominant bias: Bearish
USDJPY is bearish in the short-term, and neutral in the long-term. Price consolidated on Monday and Tuesday, dropped on Wednesday, and maintained the drop till end of the week. This is what has created the short-term bearishness in the market. Since the outlook on JPY pairs is somewhat bearish for this week, it is expected that the bearish movement would continue, thus targeting the demand levels at 112.50 and 112.00.

EURJPY
Dominant bias: Bullish
Unlike what USDJPY did, EURJPY managed to go upwards last week, breaching the demand zone at 135.00 and testing the supply zone at 135.50, before closing below it. One factor responsible for this is the stamina on EUR, and there is a possibility that price would be able to go above the supply level at 135.50 (even reaching another supply zone at 136.00 and moving above it as well). However, risk of a large bearish run exists, since the outlook on most JPY pairs is bearish for the week.

GBPJPY
Dominant bias: Bullish
This cross has been able to sustain the “buy” signal it generated in the middle of December. The upwards movement is slow and gradual, and it may survive as price gains another 100 pips this week. Nonetheless, there is a possibility of a bearish movement starting before the end of the week – or sometimes this month - for GBP could become week. Additional factor is also a possible strengthening of Yen.

This forecast is concluded with the quote below:

“If traders cannot accept the losses that go with the trading, they do not deserve the profits. Failure is the greatest teacher only when a student is prepared to learn. If the student has forgotten previous lessons, or the dog ate his homework, he is not ready. A positive attitude has positive expectations of future events and normally precedes the success it creates.” – Andy Jordan

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (January 1 – 5, 2018)

Read more ...

Demo trading

The demo account is really appropriate for the traders who are particularly newcomers. In my demo account I use all my trading strategies to see the performance how it works. This approach always helps me to survive in a proper way in a live account.

Demo trading

Read more ...

How to get on top of your trading game?

A lot of people want to know how they can improve their trading in Forex. It is not something that you can do on your part-time and dramatically has a good result. You need to understand that trading in Forex and improving your career is not two sides of the coin. If you are trading in this market and have no progress, what is the point of your trading? You can do an office work and make a lot of money. The money that you have lost in this market will not have went in vain if you had done something in offices. Trading in this market needs you that you are on top of your game.

This is the market where millions of traders are trading for making their money. If you think you can just hide in the pack and go home with a small amount of money, you are in the wrong market. You need to know what is in the stake and trade wisely. This article will give you a very important idea that you need to follow in all your career. You cannot use it part time and trade with your mind when you want. This article has some of the very best tips that can help you to stand out from the average traders and make a name for you. If you want to trade the market with profits and live the life of a successful trader, you should read what this article says.

Premium trading environment
Those who are trading Forex as their full time professional are always trading with the high-end brokers in the financial market. Most of the retail traders don’t understand the importance of high-quality trading platform. But the expert traders know very well that without having access to the premium trading environment it’s nearly impossible to make a profit on a regular basis. You have to trade with the high class online trading platform so that all the advanced tools are there for you. Its true learning all the details about the professional trading platform is relatively hard but once you master all the sections you will see a dramatic improvement in your trading career.

Risk management
Trading with low risk is one of the easiest ways to become a profitable trader. You might have all the knowledge of this industry but if you take too much risk then you are not going to make money in this industry. If you risk a single dollar then you need to aim for 2 dollars at least. Without aiming for high-risk reward trade setup you will never become a top class trader. Try to do your technical analysis in the higher time frame since it will help you to filter the false trading signals.

Practice, practice and always practice
Know the importance of practice in Forex. If you want to make money, know that there is no way you can skip this practice and trade in live markets. This market is full of money and the only way to make that money yours is by practicing. When the brokers offer you demo account for trading, do not hurry to your live accounts. Keep practicing in your demo accounts. If you think you have mastered trading in a demo and you can make good money in live accounts, only then you can trade in live accounts. Give no chances for error and give your best shot at the market.

Trust no one, believe in yourself
A lot of people do not believe that they can win the money. They try to follow what other traders are doing in Forex and they lost their money. Do not follow what others are doing in this market has small successful traders. If you want to make money, you have to do what others are not doing. Trade with rational logic and you will be successful.

How to get on top of your trading game?

Read more ...

loser

The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.

loser

Read more ...