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    The vagaries of the markets…

    YES….IT IS HOT DURING SUMMER…

    “The person who loses the least amount of money when things go wrong inevitably wins.” – Chris Tate

    Apparently, this little piece of information is a complete and...
  2. Weekly Trading Forecasts for Major Pairs (July 23 - 27, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Neutral
    Price made a bullish attempt on Monday, but started coming down afterwards. The support line at 1.1600 was tested and...
  3. Weekly Trading Forecasts for Major Pairs (July 16 - 20, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    In the long-term, the pair is bearish, and last week was bearish too. Price dropped by 140 pips, moved briefly below the...
  4. Weekly Trading Forecasts for Major Pairs (July 9 - 13, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    The market is bearish in the long-term, and bullish in the short-term. Last week, after testing the support line at 1.1600,...
  5. Weekly Trading Forecasts for Major Pairs (July 2 – 6, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    The market is bearish, but price was not able to go downwards seriously last week. Thus the market is bearish in the...
  6. Weekly Trading Forecasts for Major Pairs (June 25 - 29, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    The market swung upwards and downwards last week, without a directional movement. Nevertheless, the major bias remains...
  7. Weekly Trading Forecasts for Major Pairs (June 18 - 22, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    The market began the current strong bearish movement in April. This month (especially from early June), price consolidated...
  8. The major reason why suicide traders don’t use stop loss

    Note: This article shows why the use of stop loss is 100% mandatory, despite what suicide traders (who call themselves professionals may say). This article comes from someone with over 60 years of...
  9. Weekly Trading Forecasts for Major Pairs (June 11 - 15, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    This pair is bearish in the long-term, and bullish in a very short-term. Since May 30, price has been making a measure of...
  10. Weekly Trading Forecasts for Major Pairs (June 4 - 8, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    The pair trended downwards in the first few days of last week, and then started a bullish correction on May 30. Price went...
  11. Weekly Trading Forecasts for Major Pairs (May 28 – June 1, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    There is a very strong Bearish Confirmation Pattern on EURUSD. Price went southwards by 100 pips last week (it has gone...
  12. Weekly Trading Forecasts for Major Pairs (May 21 - 25, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    This pair trended downwards last week, testing the support line at 1.1750. The market went essentially sideways on Thursday...
  13. Weekly Trading Forecasts for Major Pairs (May 14 - 18, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    This pair trended downwards last week, testing the support line at 1.1850. Several attempts to breach the support line to...
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    Some Timely Trading Jokes

    A little bit of humor to get your Friday off to a chuckle:

    Chart - what you check after you exit trading, trying to understand what went wrong.

    Day Trading - trading which you start too late or...
  15. Weekly Trading Forecasts for Major Pairs (May 7 - 11, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    EURUSD went downwards by 170 pips last week. It has gone downwards by 430 pips since April 19. There is a Bearish...
  16. Weekly Trading Forecasts for Major Pairs (April 30 – May 4, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    This pair experienced a strong bearish movement last week, dropping 230 pips, and nearly reaching the support line at...
  17. Weekly Trading Forecasts for Major Pairs (April 23 – 27, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Neutral
    The bias is neutral in the long-term term, and bearish in the short-term. Price went southwards last week, losing up to 130...
  18. Weekly Trading Forecasts for Major Pairs (April 16 - 20, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Neutral
    Irrespective of the bullish attempt that was witnessed last week, the outlook on EURUSD remains neutral. The neutrality has...
  19. Weekly Trading Forecasts for Major Pairs (April 9 - 13, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    The pair is bearish in the short-term, which is still a weak bias. Price went downwards last week, moving briefly below the...
  20. Unlock Your Potential with the Realities of Trading

    Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines.

    Experience shows that people want to keep doing what they are doing, while...
  21. Weekly Trading Forecasts for Major Pairs (April 2 - 6, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Neutral
    The market went upwards last week, to test resistance line at 1.2450; a level from which a bearish correction was...
  22. Do you trade for money or emotional satisfaction?

    DO YOU WANT TO BE ENTERTAINED OR RICH?…IT’S YOUR CHOICE

    I came across this excellent chart the other day. It shows those times in history when the S&P 500 doubled over a ten year period and the...
  23. Weekly Trading Forecasts for Major Pairs (March 26 - 30, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Neutral
    This pair has consolidated so far this month. Price has been ranging between the support line at 1.2250 and the resistance...
  24. Weekly Trading Forecasts for Major Pairs (March 26 - 30, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Neutral
    This pair has consolidated so far this month. Price has been ranging between the support line at 1.2250 and the resistance...
  25. Trading on a wheelchair – Life’s lessons

    A TRUE LIFE STORY OF A VETERAN TRADER

    We were in a midst of a popular monthly traders’ forum when an elderly man on a wheelchair was helped into the hall.

    The moderator asked us to stand up...
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