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Starting Jan 15, 2017, GBPCAD has traded within the positive region of the ascending channel. Numerous attempts to penetrate the ascending trendline starting Sep 06, 2017, have failed. Bears have proven to be stronger than bulls…
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The current EURUSD formation hints to a simple bearish zigzag pattern, consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ. The primary impulse wave Ⓐ is fully complete at the time of writing. The corrective wave Ⓑ also looks just about done. We…
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The formation of oil shows a bullish cycle wave c, taking the form of a primary impulse ①-②-③-④-⑤. After the completion of impulse wave ③, prices declined as part of the primary zigzag correction wave ④. Thus, the bullish impulse wave…
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When it comes to interpreting the impact of employment data on the currency markets, conventional wisdom is pretty simple. Higher unemployment is an indication of economic weakness, thus the currency responds accordingly. Lower…
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The sure-fire way to know a trading strategy works, is to start using it and watch your account steadily grow. But how do we know if a strategy is going to work before we put money into it? Well, we can't know for sure what will happen;…
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Have you ever wondered what naked trading is? If you don't know how beneficial it can be to your trading journey you NEED to LISTEN to this podcast! Indicators are very subjective! Trading without them isn't only going to save you…
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A common factor in the decisions traders make is paying attention to the right decisions that maximize profitability. Not only is it important to make the right decisions, but it's important to make the right decisions about the right…
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The Bloomberg terminal is one of the most widely popular terminals for trading and for conducting fundamental analysis. Due to the institutional pricing of the software, it is often out of reach for the average home-based trader. If you…
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The AMZN formation shows a large impulse wave consisting of primary sub-waves ①-②-③-④-⑤. At the time of writing, the first three sub-waves have ended, with the corrective wave ④ is under development. The primary correction ④ has a…
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There are many different approaches to trading. From technical signals given by the indicators to the fundamentals that become the driving force in the asset or instrument. Put a few traders in a room and chances are that they will trade…
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On December 15th (Tuesday), Wunong Net Technology IPO's was added on the New York Stock Exchange, with the ticker WNW. The IPO was priced at $5.00 but debuted on the market at $8.65/share. It's a food e-commerce company in China. It was…
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Despite using the most intricate charts, automated trading tools, the range of indicators and plenty of sources for fundamental analysis, forex traders do lose money from time-to-time. Even the most legendary traders have all suffered heavy…
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