Finance, Credit, Investments – Economical Categories. Modern Interpretation
Why so Many Traders Fail at Forex
The old battlefields of the middle ages are not gone, they have merely changed form. Hundreds of years ago normal men would set out to build their empires by conquering lands through the force of arms. Today, normal men like you and i set out to build our financial empires by conquering markets throught the force of self. The blood soaked battlefields of yesterday have made way for the cash soaked commercial battlefields of today, with the large private armies of Family warlords making way for large pools of
Trade Idea: GBP/USD – Sell at 1.6650
Cable’s selloff after yesterday’s rise to 1.6747 has reinforced our early consolidative view and although sterling has recovered after intra-day fall to 1.6500, upside should be limited to the Tenkan-Sen (now at 1.6623) and the Ichimoku cloud area (now at 1.6648-82) should remain intact, bring another decline later. Below indicated…
Trade Idea: USD/CHF – Sell at 1.0135
As the greenback has continued to edge higher after intra-day selloff to fresh 2009 low of 0.9910 partly due to active cross-selling in Swiss franc, suggesting further consolidation would be seen and although rebound to the Kijun-Sen (now at 1.0070) cannot be ruled out, renewed selling interest should emerge below…
Trade Idea: EUR/USD – Buy at 1.4975
As the single currency has retreated after rallying to a fresh 2009 high of 1.5145 yesterday, suggesting further consolidation would take place and below intra-day minor support at 1.5047 would bring correction to 1.4995/00, however, the Kijun-Sen (now at 1.4973) should attract renewed buying interest and bring another upmove. Above…