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

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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

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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

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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

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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)

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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?

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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)

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