analyst75

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD moved upwards by 230 pips last week, topping at the resistance line of 1.1350, before the current bearish correction. From that resistance line, price got corrected by 100 pips while the bias on the market remains bullish. There is a need for price to go above that resistance line this week, aiming for other resistance lines at 1.1400 and 1.1450. Otherwise, bears might overcome bulls and manage to push price further south. USDCHF Dominant bias: Bearish This pair has proven to be one of the strongest trending among the majors. Price dropped by roughly 260 pips last week, moving briefly below the support level at 0.9700. Then price turned upwards, making a shallow bullish effort. The bullish effort cannot render the current bearish bias invalid unless price goes above the resistance levels at 0.9900 and 1.0000, which is not an easy task, given the ongoing bearish sentiment in the market. USDCHF is suffering from all-round attacks, for EURUSD is up, causing USDCHF to remain under pressure, and CHF itself is strong (see CHF pairs). Eventually, the shallow bullish effort in the market might turn out to be another shallow short-selling opportunity. GBPUSD Dominant bias: Bullish Cable merely consolidated throughout last week, in the context of a medium-term uptrend. The presence of bulls is still visible in the market, though it is possible for them to be subdued by bears any time. A movement above the distribution territories at 1.4600 and 1.4650 would reinforce the current bullish effort, while a movement below the accumulation territories at 1.4350 and 1.4300 would invalidate it. USDJPY Dominant bias: Bearish The price has gone down by 600 pips this week, and it has gone down by 1000 pips since January 29, 2016. The demand level at 111.50 was tried before the upward bounce that happened on Friday, February 12, 2016. The upward bounce is another opportunity to go short while the bearish trend lasts. The bias on JPY pairs is currently bearish, although that does not rule out the possibility of them rallying before the end of this month. . EURJPY Dominant bias: Bearish This cross experienced a large pullback last week, going down by 450 pips and reaching the demand zone at 126.00. Thus time around the stamina in EUR has been unable to cause it to withstand the assault from JPY (as it is true of some other EUR pairs). It is logical to assume further southerly movement in the market, due to a strong Bearish Confirmation Pattern in the market. Along the way, upward bounces might be ignored as long as it is clear that bears are in control. This forecast is concluded with the quote below: “Almost all of my trading is mechanical — 100% based on rules I have tested and found to be valid. I tend to ignore news of the day, fundamental information and adverse “big picture” scenarios because these do not impact my systems greatly. Sometimes, these factors affect my results in the short term, but over the long term, the systems have a positive expectancy.” - Kevin J. Davey Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair was engaged in a smooth bullish run last week, moving upwards 420 pips before the bearish retracement that was seen on Friday (February 5, 2016). The bearish retracement could be taken as a sale in the context of an uptrend, for the uptrend might continue this week. As long as price is above the support line at 1.0950, the bullish bias cannot be threatened. The resistance lines at 1.1250 and 1.1300 are the potential targets for bulls this week. USDCHF Dominant bias: Bearish Owing to the perceived weakness in USD, USDCHF dropped 340 pips last week, ending the recent bullish outlook on the market. The support level at 0.9900 was tried, before the current upward bounce, which is, however, shallow. That support level at 0.9900 could be retried again and get breached to the downside, as price possibly attains the support levels at 0.9850 and 0.9800 this week. It must be noted that the market is now below the psychological level at 1.0000; so it might be difficult for bulls to effect any bullish changes that would take the price above that level. In case the psychological level at 1.0000 is broken to the upside, then a rally that would eventually threaten the bearish bias might begin. GBPUSD Dominant bias: Bullish From the low of January 29, 2016, Cable rose steeply, testing the distribution territory at 1.4650 on Thursday, February 4, 2016. From that distribution territory, price has come down by 200 pips, on the following day. That correction is a proof of the vulnerability of the ongoing strength in Sterling, for the outlook on GBP pairs remains bearish for this month. While GBP is strong versus USD, it is weak against certain other currencies, for instance, GBPJPY, GBPCHF, EURGBP, etc. The market might resume a rally this week, albeit further bearish correction of another 200 pips would put an end to the current bullish outlook. USDJPY Dominant bias: Bearish The sudden and unexpected weakness of this currency trading instrument was partly due to the weakness of USD. On January 29, 2016, price touched the supply level at 121.50 and dropped 500 pips in the following week, which has resulted in an undisputed Bearish Confirmation Pattern in the market. Long trades are not currently logical until there is a clear indication that bulls have taken control again. Right now, bears are the ones in control. EURJPY Dominant bias: Bullish Unlike other JPY pairs (e.g. NZDJPY, AUDJPY, etc.), EURJPY did not come down significantly because of the strength in EUR itself. Last week, price came down only by 160 pips – a movement that was not strong enough to invalidate the bullish bias on the market. Only a movement below the demand zone at 128.50 would put an end to the extant bullish bias, as price is expected to rally this week or next. It would be mentioned that JPY pairs still have the possibility of rallying this month. This forecast is concluded with the quote below: “As I have matured as a trader I have become better at dealing with the emotions that come with trading. That has come simply from exposure, self-awareness and time.” – Rachel Shasha Copyright: Tallinex.com

GOLD (XAUUSD) Dominant Bias: Bearish Gold started a persistent bullish journey a few weeks ago, and this is strong enough to threaten the current bearish bias on the market. Should the bullish journey persist for the next few days, that would lead to a new clean “buy” signal, leading to a Bullish Confirmation Pattern in the market. There are possibilities of pullbacks this month, but as soon as price goes above the resistance level at 1155.00, then bearish positions would no longer make sense. There are support levels at 1110.50 and 1080.50, which might prevent possible pullbacks from being significant. SILVER (XAGUSD) Dominant Bias: Bearish Unlike Gold, Silver has not assumed a noteworthy rally. Instead, price has been consolidating within the last few weeks, and there is nothing to pose a threat to the extant bearish outlook on the market. On Silver, there is bound to be a rise in momentum this month, which might take place this week or next. Price might drop heavily or rise sharply. However, a significant rally would be more likely in case Gold continues its journey upwards. That means a bullish Gold might act as a catalyst for bullish Silver, since both are positively correlated in most cases. Should Gold experience a serious pullback, then Silver would fall further south. On the downside, price could test the support levels at 13.6100 and 14.0000. On the upside, bulls might push the price towards the resistance levels at 15.1000 and 15.5000. Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair went up from the support line at 1.0800, reaching the resistance line at 1.0950. From that resistance line, price went down 120 pips. There is a neutral bias on this pair, which would remain in force until price goes below the support line at 1.0800 or above the resistance line at 1.0950. For a few weeks, that resistance line at 1.0950 has been refusing bullish movement above it, and therefore it is more likely that price would go further downwards this week, breaking below the support line at 1.0800, owing to a bearish outlook on EUR pairs for this week and for most of February 2016. USDCHF Dominant bias: Bullish Last week, USDCHF moved sideways from Monday to Thursday, in the context of an uptrend, but broke upwards on Friday, reinforcing the existing uptrend. The resistance level at 1.0250 has already been tried, and there is a high possibility that price would go above that resistance level, targeting another resistance levels at 1.0300 and 1.0350. This would be easier especially in the wake of a weaker EURUSD. GBPUSD Dominant bias: Bearish As it is always mentioned, long trades will usually be traps on GBPUSD until it is clearly confirmed that the bearish bias is completely over. Bulls made commendable effort to effect a rally last week – all of which proved futile with what happened on Friday, January 29, 2016 (a 200-pip pullback). The outlook on GBP, and therefore, GBP pairs is bearish for the month of February, even beyond the month. Bullish signals in this market should be ignored, because GBP would face challenges at many fronts, including the strengthening of AUD and NZD in this month. USDJPY Dominant bias: Bullish This currency trading instrument moved in a tight range from Monday to Thursday, but there was a significant bullish breakout early Friday. This bullish breakout took price upwards by 300 pips, testing the supply level at 121.50; plus the rally would continue this week. There were strong bullish breakouts also on other JPY pairs: a beginning of protracted bullish movements on those pairs. Yes, bullish movements were already expected to start on JPY pairs around the end of January, and as a result of this, traders are advised to shun bearish signals on JPY pairs in February, because the outlook on them is bullish for the month. EURJPY Dominant bias: Bullish This cross had already started moving upwards before the massive bullish breakout happened on Friday. Altogether, price went upwards by 400 pips last week, reaching the supply zone at 132.00. Here, pullbacks should be seen as opportunities to go long, because JPY pairs have high probabilities of trending further upwards in the month of February 2016. Currencies like EUR and GBP, which would be weak against some other currencies, would be seen going up against JPY in February. EURJPY could go further upwards by at least, 200 pips this week This forecast is concluded with the quote below: “One major aspect of Forex I really value is that trends are easy to find. Trading a trending chart has a big edge for two main reasons. First, trends generate good follow-through. In many instances they go much further than anyone might have expected.” – Gabriel Grammatidis Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish As it was prognosticated, EURUSD did not experience a significant movement last week, though price moved lower. The lower movement has resulted in a bearish signal, since there is now a Bearish Confirmation Pattern in the market. There are bearish targets at the support lines of 1.0750 and 1.0700, which would be reached as price continues meandering its way further south. EURUSD, and of course other EUR pairs, could become weaker. Generally, very strong movements should be seen on most (major) pairs and crosses this week and next week. USDCHF Dominant bias: Bullish This currency trading instrument moved higher last week (by around 140 pips), resulting in a bullish outlook on it. The previously adamant resistance level at 1.0100, which is now a support level, was broken to the upside. Price is currently above the support level at 1.0150, threatening to go further north. The outlook on USD is now bullish, which should reflect on other USD pairs, save USDCAD. This is also true of CAD pairs, for other currencies are weak against CAD, which should continue for some time. GBPUSD Dominant bias: Bearish Cable reached a low of 1.4078 and a high of 1.4362 last week, making a bullish effort in the context of a downtrend. The bias remains bearish, unless price goes above the distribution territory 1.4500, which is a daunting task for bulls because they would be faced with a strengthening USD. Therefore, Cable might experience some pullbacks this week. USDJPY Dominant bias: Bearish This pair tested the demand level at 116.00 and bounced upwards by roughly 280 pips, closing at 118.77 on Friday. This rally was strong enough to become a threat to the recent bearish bias – which would be rendered useless once the supply level at 119.50 is overcome. The possibility of further rally is high, owing to the expected strength in USD. There would be strong volatility on JPY pair from this week till the end of the month. EURJPY Dominant bias: Bearish EURJPY consolidated throughout last week. Even bearish breakouts were quickly countered by bullish corrections. Bulls and bears are presently engaged in a deadlock struggle that will come to an end soon, for this cross will start a directional movement this week, though a rally might be difficult as long as EUR is weak. High volatility would be witnessed. This forecast is concluded with the quote below: “Learning the business of trading is basically no different from learning any other business. Winning means learning major guidelines and concepts that you repeat so often in your own behavior that they become good habits. These good habits then become automatic behavior patterns…” - Andy Jordan Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair experienced short-term upswings and downswings, with no directional movements in the medium term. Just like last week, there may not be very strong movements this week, though there could be significant movements around the end of this month (which could happen on other major pairs as well). There are support lines at 1.0850 and 1.0800. There are also resistance lines at 1.1000 and 1.1050. Price must go above these resistance lines or support lines, paving way for a strong movement expected around the end of this month. It is likely that EUR would rally, which would be visible on all EUR pairs. USDCHF Dominant bias: Neutral Whatever happens on USDCHF would be determined by what happens to EUR. The bias is now neutral, owing to the recent erratic movements in the market. There are support levels at 0.9950 and 0.9900. There are also resistance levels at 1.0050 and 1.0100; and so it is expected that price would go above these resistance levels or the support levels. A movement to the downside is more likely because the resistance level at 1.0100 is now a major barrier to bulls. That resistance level has successfully thwarted rally attempts within the last two weeks. GBPUSD Dominant bias: Bearish This currency trading instrument came down by, at least, 250 pips last week, almost testing the accumulation territory at 1.4250. Price has come down by 950 pips since the middle of December 2015. There is a very strong bearish bias on the market – it does not make sense to go long until there is a bullish retracement of about 300 pips. That is the only condition that can threaten the existing bearish bias; otherwise rallies would offer new short-selling opportunities. USDJPY Dominant bias: Bearish USDJPY consolidated last week, though it showed determination to continue going downwards. Price has come down by close to 600 pips since December 18, 2015, testing the demand level at 116.50 on January 15, 2016. There is a Bearish Confirmation Pattern in the market and it is possible that the market would continue its southward journey, just as certain JPY pairs have done. EURJPY Dominant bias: Bearish This cross, which fell sharply in the first week of this year, simply moved sideways last week. The outlook on the cross is bearish. However, the bearish outlook might be overturned by events affecting the Euro. In case the Euro gains lots of stamina, a rally attempt might be witnessed on this cross, contrary to what other JPY pairs might be doing. This forecast is concluded with the quote below: “An ideal trading methodology should allow for limited risks and unlimited gains.” – Anonymous Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish From Monday till Wednesday, this pair went south. However, it started a bullish journey from Thursday till the close of the market on Friday. Bulls would continue making attempts to push the price further north, but their action would not jeopardize the extant bearish outlook unless price goes above the resistance lines at 1.0000 and 1.0050. A close below the support line at 1.0800 would reinforce the extant bearish outlook. USDCHF Dominant bias: Bullish USD/CHF went upwards from Monday till Wednesday, testing the resistance level at 1.0100. In spite of desperate effort, price was unable to break the resistance level to the upside. As a result of its inability to break the resistance level to the upside, price pulled back by at least 150 pips. There is a risk of further pullback, especially before the end of this week or early next week. The probability of CHF becoming very strong is possible this month, and therefore, we may see this effect on USDCHF (plus other CHF pairs). It cannot be said precisely how long the effect would last if it does happen. This is simply a seasonal tendency on CHF pairs, which have been happening for many years; only that the event of last January was unprecedented. GBPUSD Dominant bias: Bearish Cable came down by 250 pips last week. Since December 14, 2015, price has come down 700 pips. There is a clean Bearish Confirmation Pattern in the market, and there is a high probability that the bearish movement would continue. The accumulation territories at 1.4000 and 1.3950 could be tested this week. Any rallies we see here would be transient; as the outlook on GBP pairs remain bearish for this week. USDJPY Dominant bias: Bearish This is a bear market, which started a few weeks ago. Price went down 250 pips last week (and it has come down by 500 pips from the middle of December 2015). There is a lot of trading activity around the demand level at 117.50, which stands a good chance of being breached to the downside. Additional targets for this week are the demand levels at 117.00 and 116.50. EURJPY Dominant bias: Bearish The EURJPY cross plunged by 350 pips last week, reaching the demand zone at 127.00. From that demand zone, price bounced upwards in the context of a downtrend, testing the supply level at 129.00. This is merely a bullish effort in the context of a downtrend, for the cross cannot go upwards significantly as long as the Yen has lots of stamina in it. Price could retest the demand zones at 127.50 and 127.00. This forecast is concluded with the quote below: “Be ready to take advantage of very lucrative opportunities. Traders can make the most money when volatility is high.” – Joe Ross Copyright: Tallinex.com

Hi Forumers, Please I’m having an issue with my blog (….blogspot.com). The Google Adsense application on it was running for more than 4 years without any problem. Nevertheless, I recently saw it in my Dashboard that I needed to apply for Adsense to show on the blog and track my records, which meant that the Adsense ads that were running on the website were just doing so for nothing. I called a tech guy who helped me look into the issue, but we couldn’t solve any problem. I’m at loss as to what to do… I now think that the best solution to this problem is to contact Google people, especially the ones in charge of Adsense and Adwords, so that they can help me check my blog and fix whatever errors they see there, while giving me further advice where necessary. Please I need your answers, I don’t know the EMAIL ADDRESS(ES) I need to contact so that this kind of issue would be solved once and for all. Please who can provide me with relevant email address(es) to contact, so that their attention can be drawn to the problem, for a possible solution. You objective and precise answers would be forever appreciated. Many thanks!

GOLD (XAUUSD) Long-term bias: Bearish In 2015, Gold topped at 1307.35 and later reached a low of 1046.21. Gold was engaged in perpetual and persistent downtrend, trapping bulls with short-term bullish movements. It is completely irrational to open long trades in the market, because the bears have really made their presence felt for a long time. Years 2013, 2014 and 2015 were all strongly bearish, which explains one of the reasons why the Thanksgiving effects did not take place in those 3 years. Since this is a market that currently favors sellers, it would be rational to seek short trades only (using upward bounces opportunities to sell short, especially when bearish candles form following such upward bounces). SILVER (XAGUSD) Long-term bias: Bearish Just like its Gold counterpart, Silver has been in a persistent downtrend since the year 2013. In this kind of market, the best trading approach is to ignore bullish signals and capitalize on bearish signals. Bullish signals could also be taken as chances to enter short at better prices, which offer lower risk as long as the long-term bias remains bearish. Last year, price reached a high of 18.4500 and a low of 13.6100 – a low that could be breached to the downside this year. In this market, it is recommended that rallies should be viewed with suspicion until there is a “Golden Cross,” which is a situation in which price closes above the EMA 200 on the daily chart, trending upwards. This is when it can be safely said that the bearish trend is over. Copyright: Tallinex.com

Here’s the market outlook for the year: EURUSD Long-term bias: Bearish EURUSD was generally bearish in 2015, reaching a low of 1.0462 and a high of 1.1712. The last week of that year was bearish, and the bearishness could continue till February 2016. From February to April, we would witness serious bullish effort, which would be eased at the end of April, because bears would come in again and make their presence felt in the market from April to June. However, a new lease of bullish journey would be resumed in the market around October/November, which would last till the end of the year (it would even go beyond the year, into 2017, ending around February 2017). The ongoing bias is now bearish and this should be honored. USDCHF Long-term bias: Bullish Since the large pullback that was seen in January 2015, USDCHF has been making perpetual effort to go upwards. Along the way, there were occasional instances of medium-term bearish phases in the market. The bearish phases would last for few weeks or months, only for price to recover and go up higher. In 2016, there could be intermittent phases of weakness in January. Then the market would most likely show further weakness in the months of February to April; but we can witness a smooth rally in the months of April to June. Right now, price is making attempts to go up, and it could reach the resistance levels at 1.0100 and 1.0150 in the first full week of January. GBPUSD Long-term bias: Bearish The short-term, the medium-term, and the long-term biases on GBPUSD are all bearish. Price reached a low of 1.4565 and a high of 1.5929 in the year 2015. Since June 2015, price has come down by 1100 pips, closing at 1.4732 on December 31, 2015. The year 2014 saw far more predictable movements on GBPUSD than the year 2015 (as it was true of other major pairs and crosses). This year might be different. At the present, the bias on the GBPUSD (and other GBP pairs) is bearish and this would continue till March 2016. The market could rally between March and May of this year. It could even continue to rally in June and July; but not without visible gravity attempts from the bears. Following this, there might not be another serious weakness in the market until December 2016. USDJPY Long-term bias: Bearish On this pair, bears won a pyrrhic victory in the year 2015. The struggle between bears and bulls were so intense that the market phases for that year were mostly consolidations and fake-out phases. The year 2014 was even better than the year 2015. The current bias is bearish, but bulls might gain upper hands before the end of January; plus their victory could last till June (though not with occasional pullbacks along the way). The market might go through some phases of weakness within July and September. Nevertheless, the bulls would push the price higher around October – an action that could last till December. EURJPY Long-term bias: Bearish Last year, the EURJPY cross was characterized by high volatility, choppy movements and deadly struggles between bulls and bears. The extant weakness might continue till February, when price would be strengthened till April 2016. The best action to take in the market would be to seek shorting opportunities between April and September. Additionally, the market might rally from September to November; while we would witness another phases of choppy and volatile movements in December 2016. This forecast is concluded with the quote below: “You will have to stick to your process as much as you can even when things do not go as expected. If you can build such a process and manage to follow it 100 per cent of the time, then you will be trading like a professional.” – Pierre Veyret Copyright: Tallinex.com

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 20 “Books are great mentors, but where else can you learn? By standing on the shoulders of giants. When it comes to making money, here is the million dollar secret...follow someone smarter than you...” – James Altucher Name: James Tisch Date of birth: January 2, 1953 Nationality: American Occupation: Investor and businessman Career James, who’s of Jewish ethnicity, was born in Southampton, New York, USA. His dad was co-chair of Loews Corporation, plus his brother Preston Tisch. He went to Cornell University and later got his MBA from the Wharton School of the University of Pennsylvania. James has held prestigious positions, including having a seat in the directorate of the Federal Reserve Bank of New York. He’s been the CEO of Loews Corporation since 1999. One thing special about him is that, in terms of percentage, his investments have outperformed Warren Buffet’s. He’s married to Merryl and blessed with 3 children. James has a mansion which is about 8,000 square feet in Southampton, New York. James is an avid philanthropist, and a supporter of certain politicians. He and his wife donated $40 million to found a cancer research institute, named after them. Insights: 1. Transparency matters in business success. If you claim you’re good at trading/investing, then you must make your audited track records known. 2. Transparency leads to credibility. Credibility leads to more and more success. Simply look for ways to make your career credible. Success would then be very easy. 3. James has been investing for many years. He’s really a veteran of the markets. Successful trading needs a commitment of a lifetime – just like a successful marriage. Commitment is what you need to realize your dreams, not mere interest. 4. If you’re good enough, you can outperform the bigwigs. This means you can gain better than they can, in terms of percentage, though their portfolios may be bigger than yours. You can make 40% per annum on a $100,000 portfolio: whereas someone who’s managing $10 million could only make 6% per annum. Can you see the difference? As mentioned earlier, one thing special about James is that, in terms of percentage, his investments have outperformed Warren Buffet’s. He may not be as rich as Warren, but he outperforms him in terms of percentage gains. Since the year 2000, James has grown by almost 400% while Warren has grown by only 100%. Conclusion: Do you think you’re a god who can predict the markets, Can you predict football matches with utmost certainty, even before the matches start. If you could do that, would you do that for other types of sports? Can you predict exactly when you will die or when a healthy person will die? Why do you still think future can be predicted? Why do you still think you can predict the markets? People get frustrated only because they think they can predict the markets (but they can’t, in reality). When you agree that it’s unrealistic to think that you can predict the market with whatever tools you may have, then you’ll find a solution to your trading problems. You’ll develop a system that enables you to make money without predicting the markets. James Tisch was able to attain good performances because he’s formulas that make him victorious while not being able to know the future. This article is ended by the quote below: “Event-driven trading can be very lucrative.” – Dr. Adrian Manz Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD moved upwards 100 pips last week, still showing determination to go further upwards. The market would experience some equilibrium movement this week, owing to thin activities in the markets, but possibilities of surprise movements cannot be ruled out (especially on some other EUR pairs like EURAUD, EURNZD, etc.). Bulls might target the resistance lines at 1.1000 and 1.1050 this week. USDCHF Dominant bias: Bearish This pair did not make any significant movement last week, and it is more likely that the sideways movement would continue this week; which could make the bias on the market turn neutral. There are support levels at 0.9850 and 0.9800. On the other hand, there are resistance levels at 0.9950 and 1.0000. It is expected that the price would oscillate between these support and resistance levels for the rest of this year – breaking them to the upside or to the downside within the first week of January 2016. GBPUSD Dominant bias: Bearish From Monday to Tuesday, Cable dropped by 100 pips, to rise by 110 pips from Wednesday and Thursday. The current price action in the market could be rightly called a rally in the context of a downtrend, because the bearish outlook cannot be invalidated as long as price is under the distribution territory 1.5050. A very strong bearish movement would likely resume on GBP pairs on the first week of January 2016. USDJPY Dominant bias: Bearish This currency trading instrument performed a steady southwards movement last week. From just under the supply level at 121.50, price was able to move below the supply level at 120.50, to close at 120.27. There is a strong Bearish Confirmation Pattern in the market, which would enable this currency instrument to dive further by 100 pips this week or next week. At the present, long trades do not make much sense in this market. EURJPY Dominant bias: Bearish This cross moved upwards 100 pips in the first few days of last week, before it went down by 100 pips, reaching the demand zone at 131.50. This action supported the extant bearish bias on the market. At this juncture, the movement of this cross would be dictated by the events surrounding the Euro, which means that we might see a rally in case the Euro is strengthened further. This forecast is concluded with the quote below: “Money is perpetual in the markets and the objective is to keep as much as you can when it passes through your hands.” – Alpha7 (Trading Academy) Copyright: Tallinex.com

What Super Traders Don’t Want you to Know - Now Available Free? CANDID BOOKREVIEW Succeeding as a Trader after Learning the Necessary Facts and Skills This book profiles 22 renowned super traders from around the world. Great traders who know what it takes to be successful in the markets. In this follow up to his previous book: “Learn From the Generals of the Markets,” the author gives an overview of their careers and explains what lessons can be drawn from their success. The book emphasizes on the kind of friends you keep will have impact on your life, and of course, on your trading career. When you hang out with those who hate trading, those who have been floored by the markets and have sworn not to have anything to do with the markets again, those who are afraid of the challenges the markets offer, those whose job is to discourage you from attaining your goals in life, you cannot become successful in the markets. Trading is a wonderful experience that can transform lives. We need to surround ourselves with successful traders or at least, read about them, plus the principles that can be learned from them. The super traders featured in this book will inspire you and reveal the principles behind their success. For you to eventually reach a position of a super trader (one who makes profits consistently and effortlessly), you definitely need more than strategies. There are certain timeless truths, principles, mindsets and beliefs that super traders cannot do without. Since using the best strategy without the essential requirements would not improve any statistics; the catholicity of those seamless requirements cannot be overemphasized. Super Traders with Enviable Achievements Kenneth Fisher – a billionaire trader who is featured in the book – is an exceptional trader who was introduced to the trading world by a market legend, Philip Fisher, who was his dad. This shows that when we teach young people the art of trading, we prepare them for financial freedom as early as possible. James Chanos, another highly profitable trader featured in the book, testifies to this fact by saying: “Life intrudes – as when you get older you end up with more responsibilities and your ability to take risk diminishes. If you are 25 and have a great idea and you fail, no one is going to hold it against you, and future you will be able to take more financial and career risk. If it does not work, you still have your whole life ahead of you.” You will also come across some celebrity traders like Dan Loeb (the Kanye West of Wall Street) and Ray Dalio (the Steve Jobs of investing). More interestingly, the book features some female super traders like a high earning hedge fund manager, Leda Braga; an influential female trader, Maria Boyazny; a world trading champion, Victoria Grimsley; and a happy market player, Toni Turner. The author advises that women should never underestimate their right to become a trader, including their limitless potential to become financially free. It is very sad that some people still underestimate women when it comes to online trading. It is unfair to underestimate women in the trading world because there is no level of achievement that cannot be attained by them. In fact, female traders have been a blessing to the trading world. In addition, they are a source of inspiration and encouragement to us. The Inevitable Trading Experiences According to the author, the gallivanting neophyte will pass through two phases of experiences. The first phase is when she/he loses money no matter what she/he does. This is a phase where the majority quit trading, and not many people go beyond that phase. The second phase is when one begins to make money easily. These are the people that the public call “market wizards,” “super traders,” “pros,” “expert speculators,” “gurus,” “witches,” “mad geniuses,” et cetera. The public think something is special about them, but these people know that there is nothing special about them. What makes the difference is that they decided to continue fighting for success at the stage that most others quit. This book will definitely be of interest to those who are determined to become super traders. Adapted from TRADERS’ Book Review, June/July 2015 (pages 60 - 61) “What Super Traders Don’t Want You to Know” is available right now for the Kindle at the flash sale price of just 99p. This essential guide could start you on the path to becoming a super trader. NB: To get the almost free book, please visit: What Super Traders Don’t Want You To Know: Advfnbooks.com/books/supertraders/index.html Tallinex.com wants you to make money from the markets

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Although the dominant bias on this pair is bullish, the bias is seriously threatened. After testing the resistance line at 1.1050, the price went down by roughly 250 pips, almost reaching the support line at 1.0800. Based on the bearish expectation on EUR (and EUR pairs) for the rest of this month, it is likely that EURUSD would go further south by 100 pips this week. In case this happens, the bias on the pair would turn bearish. USDCHF Dominant bias: Bearish After bottoming at the support level of 0.9800, the USD/CHF has been making a noticeable bullish attempts in the context of a downtrend. The price reached the resistance level at 0.9950 on Thursday, and then consolidated till the end of the week. At this junction the direction of the USD/CHF would be determined by what happens to EUR. There would be mixed signals on all USD pairs, for the US dollars would be weak against some currencies as well as strong against some currencies. GBPUSD Dominant bias: Bearish What happened on Cable last week has resulted in a “sell’’ signal, in solidarity with our bearish expectation on GBP pairs. Cable went south by 300 pips to test the accumulation territory at 1.4900. This has resulted in a Bearish Confirmation Pattern in the market, and it is likely that the southward movement would continue for the rest of this month. Therefore, any rallies that are seen should be approached as short-selling opportunities. USDJPY Dominant bias: Bearish This volatile currency trading instrument swung wildly last week. Price tested the demand level at 120.50, and then rose sharply to reach the supply level at 123.50 (a movement of 300 pips). After the supply level was tested, price fell by 200 pips on Friday, due to the fundamental events affecting the Yen, which gave strength to the Yen. The current bias on USD/JPY is bearish, and this should be respected as it long as it lasts. EURJPY Dominant bias: Bearish This market traded sideways from Monday till Thursday; and experienced a bearish breakout on Friday. The weakness in the market, coupled with its inability to trend higher, has made the outlook on the market become bearish. As EUR is weakened further, EUR/JPY might trend further south. There is a need for a serious weakening in the Yen before this bearish movement can be reversed. This forecast is concluded with the quote below: “Quality of trades matter, but a trading career does not depend on one trade, it is rather the sum of all trades. Acknowledging that a few losing trades cannot hurt me released me from anxious trading.” - Christiaan van der Meer Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD has been able to maintain the bullish breakout it performed on December 3, 2015. Last week, price moved further upwards by 170 pips, closing above the support line at 1.0950. There are resistance lines at 1.1000 and 1.1050, which could be tested as the bullish journey continues. However, there is a strong possibility that EURUSD would experience a vivid pullback this week or next week. USDCHF Dominant bias: Bearish Since November 30, 2015, this pair has trended downwards by almost 500 pips. The bias is bearish, and it would be difficult for the pair to trend seriously upwards now (in spite of the fact that USD could be strengthened against some other currencies), due to the stamina in the Euro and the possibility of the Swiss Franc amassing strength. The support levels at 0.9800 and 0.9750 stand chances of being tested. The support level at 0.9800 was almost tested last week. GBPUSD Dominant bias: Bullish This currency trading instrument first trended lower on Monday and Tuesday – only for further bearish movement to be rejected as price assumed a smooth rally. Since Tuesday, price has gone upwards by 250 pips, leading to a Bullish Confirmation Pattern in the market. The possibility of further bullish movement is not downplayed, but it should be remembered that the expectation on GBP pairs remains bearish for the month of December, thus long positions on GBPUSD should be handled with caution. There could be a large pullback before the end of this month. USDJPY Dominant bias: Bearish The bears were able to push USDJPY lower last week, ending the recent neutral bias on the market. Price fell by 250 pips, closing just below the supply level at 121.00. This price action has brought about a “sell” signal in the market, but the odd against the signal is the bullish expectation on JPY pairs, which could still happen anytime this month. Until there is a rally owing to the bullish expectation on JPY pairs, the “sell” signal currently in the market ought to be respected. EURJPY Dominant bias: Bullish EURJPY consolidated last week, and later went downwards. The downward movement was shallow; all in the context of an uptrend. The consolidation and shallow bearish movement were considerable enough to pose a threat to the extant bullish bias. A movement of 200 pips to the downside might be the end of the bullish bias, although there is a hope for further bullish journey, and that is when JPY loses strengths significantly. This forecast is concluded with the quote below: “Although the price charts look the same today as they did long ago, the trade management needed constant adaptation. The markets are alive and forever changing.” – Joe Ross Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish There was a sudden and fast bullish breakout on EURUSD, which made it go upwards 450 pips, testing the resistance line at 1.0950. The price consolidated after that, till price closed last week. The bullish breakout has abruptly overturned the recent bearish trend in the market, but a crucial question remains… Was this a false breakout? A false breakout could be as significant as you might think, but it would remain false in case it cannot be sustained. For this bullish breakout not to become a false one, we should see further bullish movement (whether fast or gradual); otherwise, another leg of southward movement would start. It has already been said that the outlook on USD is bright for December, while EUR is expected to be weak. USDCHF Dominant bias: Bearish There was a surprise pullback on this pair last Thursday, as it went below several resistance levels, plus the great psychological level at 1.0000. Price nosedived by 400 pips last week, reinforcing the gradual bearish movement that started at the beginning of last week. Now the USDCHF is facing challenges from two fronts: The recent strengthening of EUR and the expected rally in CHF. Yes, CHF is expected to start gaining stamina by the end of this week, and that can last until Christmas Eve (please watch CHF pairs). This means that bulls will certainly not find it easy to push up USDCHF price. GBPUSD Dominant bias: Bearish On Thursday, December 3, 2015, GBPUSD also went upward 250 pips in a positive correlation attempt with EURUSD. The distribution territory at 1.5150 was tested after price rose from the accumulation territory at 1.4900. Nevertheless, the bearish outlook on GBP pairs remains unchanged for the month of December. It can be seen that the major bias on most GBP pairs have been bearish, so, the recent upward bounces should be opportunities to go short at better prices. USDJPY Dominant bias: Neutral What happened on this currency trading instrument last week was short-term upward and downward swings. The swings have not succeeded in overturning the neutral bias on the market. A movement of at least, 200 pips to the upside or to the downside is required before price could move out of this neutral zone. A movement to the upside is the most likely because the US dollar would be making some bullish effort, and because the Yen might suffer further loss of strength. The market condition is now currently great for scalpers and intraday traders. EURJPY Dominant bias: Bullish As it was mentioned in the past, one of those things that could bring about a vivid rally on this cross is a vivid rally in the Euro itself. That was exactly what happened last week. From the demand zone at 130.00, price shot skywards, reaching the supply zone at 134.50 (a movement of 450 pips). Price has moved sideways since then, but further upward movement is possible because JPY pairs might move upwards this month, in certain cases. This forecast is concluded with the quote below: “Although strategy is important, it is not as critical as knowledge and the discipline to apply and adhere to your rules. A trader who really knows the strengths and weaknesses of his or her strategy can do significantly better than someone who knows only a little about a superior strategy. Of course, the ideal situation would be to know a lot about a great strategy. That should be your ultimate goal.” - Mark Minervini Copyright: Tallinex.com

GOLD (XAUUSD) Dominant Bias: Bearish The Thanksgiving effect did not take place last week, as Gold generally moved sideways, without any significant drop. This effect has not taken place for 3 years in a row, though that does not mean it would not take place in November 2016. The dominant bias on the market is bearish, and price might journey further south, reaching the demand levels at 1040.00, 1030.00 and 1020.00. The bearish bias would continue to be valid as long as the supply levels at 1095.00 and 1110.00 are not breached to the upside. One thing must be noted, a significant rally is not ruled out in the month of December 2015. SILVER (XAGUSD) Dominant Bias: Bearish Normally, when the Thanksgiving rally did not take place on Gold, it would not take place on Silver either. Silver has been trading in a range since the last two weeks – all in the context of a strong downtrend. Further downwards movement is possible, enabling price to test the support levels at 13.5000, 13.2000 and 12.9000. Possibilities of rallies should not be downplayed, because bulls would also make determined effort to push the price upwards this month, but they would not succeed in bringing about a bullish trend on Silver unless the resistance levels at 14.9000 and 150.0000 are overcome. Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD only consolidated to the downside last week, in the context of a downtrend. There are resistance lines at 1.0750 and 1.0800, which could check rally attempts. There are also support lines at 1.0500 and 1.0450, which are the targets for bears, since further bearish movement is possible. Any rally attempts that happen in the market should be taken as false breakouts. It is expected that the Euro would be weak in December, and so EUR pairs would be bearish in most cases. USDCHF Dominant bias: Bullish This pair managed to go upwards by an addition of 100 pips last week – in solidarity with the extant bullish bias. Since the great psychological level at 1.0000 has been breached to the upside, price has moved northward by 300 pips, testing the resistance level at 1.0300. This bullish journey has a high probability of continuing this week, for the outlook on USD is bright for the month of December (and so is the outlook on CAD). GBPUSD Dominant bias: Bearish GBPUSD moved further south last week, closing below the distribution territory at 1.5050. Yes, continuous southwards movement is expected for most past the month of December, even beyond the month. On GBPUSD, any rallies that are seen this month should be taken as short-selling opportunities, because the accumulation territories at 1.4900, 1.4800 and 1.4700 would be slashed in December. In fact, GBP would be seen falling sharply against other major currencies, and so, positions that favor GBP are not recommended. USDJPY Dominant bias: Neutral Since this currency trading instrument only moved sideways throughout last week, the outlook has become neutral in the near-term. A breakout is expected this week, which would either take price below the demand levels at 122.00 and 121.50; or take it above the supply levels at 123.50 and 124.00. For this movement to qualify as a serious breakout, price must close below the demand level at 121.50 or above the supply level at 124.00. Nonetheless, a breakout to the upside is much more likely, owing to the bright outlook on the US dollar. EURJPY Dominant bias: Bearish It has already been said that this cross would find it difficult to rally significantly as long as EUR is weak, unless JPY itself experiences an extraordinary loss in stamina. The EURJPY cross has demonstrated its willingness to continue moving south: There is still a Bearish Confirmation Pattern in the market. On JPY pairs, we would witness pleasant volatility and predictable movements in the month of December. This forecast is concluded with the quote below: “Volatility and lucrative market movement should continue for many years to come, providing nearly endless opportunities for the well-prepared trader.” – Scott Andrews Copyright: Tallinex.com

Joe Ross is a trading legend, having made a living from the markets for – hold onto your hats – 58 years. He has been trading and investing since his first trade at the age of 14. Currently, he is a well-known and respected master trader and investor. He has survived all the ups and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits. Joe is the creator of the famous Ross Hook setup, and has set new standards for low-risk trading. He has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into many different languages. In addition, he runs the website Tradingeducators.com, teaching his trading methods and providing resources for traders. Today, we have the great opportunity of speaking with Joe Ross about his approach to the markets, insights he has gained from trading, and his vast experience from trading for more years than almost anybody else on the planet. TRADERS´: Joe, we can only guess at the wealth of experience you gained throughout the years. But first of all, let us begin with how it all started. When did you first hear about the markets and trading, and how did you get – in a positive sense – “addicted” to it? Ross: When I was 14 years old, it was common for mothers to stay at home and fathers to go off to work at a job or business. However, my best friend’s father was usually at home during the working day. I assumed he had some sort of medical problem – that he was a person unable to work. My friend and his family lived quite well in an upper class neighbourhood, and they owned a new car. I remember asking, “Is your father disabled? Why is he always home?” The answer was, “No. He is fine. He does his work in that room, the one with the glass doors.” “Well, what does he do in there?” “I do not know. Why do you not ask him?” So I tapped on the glass door, and asked “What is it that you do in here?” The answer was, “Well, if you really want to know, come in and I will show you.” My friend’s father walked over to a closet to pull out a roll of paper, which he then unrolled onto a drafting table. He said, “I work with this chart, and others just like it.” All I could see were a lot of things that looked like sticks, and so I asked, “Your job is drawing sticks?” “No, those represent stocks, not sticks.” “What is a stock? Does a stock look like a stick?” He began to describe what stocks were, and to tell me that the sticks represented the prices of a company’s shares of stock. I was fascinated that he could make money from what turned out to be a simple bar chart. At that time, both of my parents worked. My parents had to suffer through the daily rush-hour traffic, which was quite heavy. However, my friend’s father was leading a much more leisurely life, and I decided right then that I would learn how to trade stocks… To read the complete interview, please visit: Tradersonline-mag.com or Traders-media.com Courtesy: TRADERS’ magazine, October/November 2015, pages 104 – 105 PS: Tallinex.com wants you to make money from the markets.

“Education is incredibly important for traders. Traders should look to educate themselves as much as they can along their trading journey.” – James Hughes In USA, Thanksgiving Day is around the corner. Thanksgiving Day is a national holiday celebrated primarily in the United States and Canada as a day of giving thanks for the blessing of the harvest and of the preceding year. Several other places around the world observe similar celebrations. It is celebrated on the fourth Thursday of November in the United States and on the second Monday of October in Canada (definition source: Wikipedia.org). This year, Canada celebrated their Thanksgiving Day on October 13, 2014; the US will celebrate theirs on November 27, 2014. The essence of this holiday is to give thanks. In trading also there are many things we can give thanks for. We tend to complain and fret over the disadvantages we think we face, without thinking of the advantages we enjoy. When we ponder the blessings we enjoy in our trading career (as well as in life), those seeming disadvantages pale into insignificance. During my quite time, many reasons to be thankful as a trader came to my mind. Obviously, traders now enjoy great tools and services that were not available to those who were speculating just a few decades ago. Here are some of the reasons to be thankful. There are many more reasons than these. Could you think of additional reasons? 1. We’re grateful for the opportunity to trade and invest our money. 2. We’re grateful for good brokers out there who treat their clients fairly. 3. We’re grateful for funds managers who help us make profits by managing our funds. We’re grateful for great opportunities like copy trading/social trading, winning signals services, etc. which help us make money. 4. We’re grateful for regulatory bodies that regulate brokers, financial institutions, etc. They make financial markets safer for us to trade. 5. We’re grateful for cutting-edge trading platforms, data feeds and other tools that are available to us. 6. We’re grateful for free and paid education materials that are available to us. We enjoy trading education through various means, including books, DVDs, trading rooms, webinars, etc. 7. We’re thankful for many career opportunities that are available in the world of trading. 8. We’re grateful for winning trading systems and software – manual, semi-automated and automated strategies that are at our disposal. There are many strategies out there that work. 9. We’re thankful for those analytical tools and indicators that are available to us. These things help us to analyze the markets objectively. 10. We’re thankful for the fact that trading is a fantastic life-style. We can trade anywhere in the world as long as we have access to a good Internet connection. 11. We’re thankful that the markets don’t discriminate on the basis of nationality, gender, religion, education background, race, tribe, color, etc. The markets are a level playing ground, offering anyone an equal opportunity to be successful irrespective of the aforementioned factors. 12. We’re grateful that there are many good trading coaches the world over. They help us master various aspects of trading psychology, risk management, positions sizing, trading systems, chart patterns, trend cycles, etc. These coaches are selfless and altruistic individuals who love to help struggling traders. As for me, when the going was tough and I wanted to quit, I was inspired by successful coaches who made me realize that there are people who’re making consistent profits and that I can be successful too. 13. We’re thankful for the riches and financial freedom the markets proffer. Many people have made billions of dollars as traders and some of them are among the richest individuals on this planet. You mayn’t become a billionaire (or even a millionaire), but you can become financially free and live a fulfilled life. I define financial freedom as being able to meet your basic needs and still save money for future use. 14. We’re grateful for the availability of positive expectancy – which makes us make money regardless of occasional losses. If there were someone who can’t lose in the markets, that person would soon have all the money in the world. We do the right things to get the right results. The secret to trading success is in controlling your losses and adding to your winners. 15. We’re grateful that the markets don’t offer short-cuts to lasting success. More haste in trading is equal to less speed. Short-cuts are very dangerous. Those who take short-cuts are trying to dodge realities, but realities will face them eventually. 16. We’re grateful for the movement and liquidity present in the markets. Super rich individuals don’t seek to double their portfolios overnight. Instead, they seek slow and steady returns (which translate into great wealth over time). Retracements in the markets can be played by any trader, since they reflect smoothing of positions by large financial establishments. The smoothing of positions by large financial establishments sometimes cause contrarian movements in the markets, which are sometimes called significant rallies or dips. 17. We’re thankful that we’re free moral agents who can choose what our fate will be. Being active in the markets is a matter of interest and choice. When you’re interested in something, no-one needs to beg you or persuade you constantly before you do it. You’d even be willing to spend your time, resources and energy in order to master what you’re interested in. But if you aren’t interested in something, you won’t do it no matter how much noise is made about it, even if you’re persuaded again and again. The list can go on… The tools and services we enjoy as traders ought not to be taken for granted. Can you think of any other reasons we should be grateful as traders? Conclusion: We wish Americans a peaceful, blissful and rewarding Thanksgiving Day celebration. At the same time, we are grateful for wonderful opportunities the markets offer us. Yes, there are many reasons to be grateful as traders. When you taste success in your trading career, you’ll be hooked, and as such, you’d do well to strive for permanent success, not temporary success. May you become a successful trader. I end this article with the quote below: “Remember, trading from your highest and best self is all that matters to getting your desired trading results.” – Dr. Woody Johnson Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD did not make any serious directional movement last week, for what was seen was slow short-term movements to the upside and downside (and they were nothing significant). On Friday, price closed at 1.0645, highlighting the ongoing weakness in the pair. There is a possibility that the support lines at 1.0600 and 1.0550 might be tested; otherwise a strong bullish breakout could take price towards the resistance levels at 0.0700 and 0.0750. USDCHF Dominant bias: Bullish This pair moved upwards 150 pips last week, reaching the resistance level at 1.0200, which is our suggested target for the last week. Nonetheless, price was unable to go above that resistance level, and this week would see whether that feat would be achieved. In case the resistance level is overcome successfully, the pair could move further upwards by another 150 pips. Failure to achieve this could result in a bearish correction, though it seems unlikely that the great support level at 1.0000 would be breached to the downside now. GBPUSD Dominant bias: Bearish In the context of a downtrend, Cable made a noteworthy bullish attempt – even going temporarily above the distribution territory at 1.5300. This upwards bullish attempt later proved to be a bogus “buy” signal because bears came in and pushed price back to the level it was at beginning of last week. Further downward movement is a probability, plus the bearish bias would hold out as long as price is unable to go above the distribution territory at 1.5300, (and staying above it). USDJPY Dominant bias: Bullish This market consolidated throughout last week, though there was no price action that suggested the end of the extent bullish bias. Should the consolidation continue this week without a directional bullish movement or bearish movement, then the bias on the market would turn neutral. One thing has been noted: Some pairs and exotic crosses have begun trending strongly and this could extend across the FX markets, including USDJPY. EURJPY Dominant bias: Bearish This currency trading instrument went further south last week, closing below the supply zone at 131.00, just in conjunction with the ongoing weakness in the market. The southward movement last week was not a serious thing, but price could still go further south. On the other hand, the hope of bullish JPY pairs has not been lost for this month. In case the Yen loses stamina versus other currencies, EURJPY could be enabled to trend upwards. This forecast is concluded with the quote below: “Brilliant traders are being made today, and if you shelter without taking action, your next few years could be wasted. Leaps in skill development occur when tests are presented. Smooth sailing doesn’t prepare the sailor. It is challenges that focus the mind like no other.” – Louise Bedford Copyright: Tallinex.com

A STEP BETWEEN PENURY AND SOLVENCY “Once you take the desire to make money out of your trading and put in the desire to do what good traders do, your mindset shifts and allows you to make more good decisions.” – Craig Cobb Alan* has reached the end of his tether. His handiwork is not enough to feed him with staple foods, not to mention paying his rent. He’s getting old and he needs to get married so that he can start a family, but he can’t even afford the lowest-key wedding ceremony. He wants to gather some money for his wedding. He applies to a chemical factory and he’s hired immediately. It happens that anyone who applies there will be hired immediately because no educational background is required. Besides, the strongest man in the world can’t work in the factory for one year. Alan discovers that the working conditions are so ignominiously abject. Apart from the fact that you must work for a minimum of 12 hours per day (84 hours per week), with very hard labor, factory safety is zero rating and the pungent chemical itself carries a major health hazard. If you get injured, you’ll be fired with no first aid. The monthly salary is less than 100 USD. You’ll be penalized for coming late to work and 3 USD would be deducted from your salary per day if you’re absent, even if your absence is due to heath issues. Alan likes to work hard and he’s hardy, yet he quits the job in less than 3 weeks. The stinking chemical is taking tolls on his health. Samson’s wife is dead, leaving 3 children for him. Samson believes the only way to honor the memory of his dearly beloved wife is to take good care of her children. Although his income is not that much, he manages the money well so that the children can attend school and have access to basic balanced diet. Suddenly, Samson’s boss announces that the firm is no longer making profits and all the employees would be laid off in a month’s time. The firm folds up. Since then, Samson has been looking for a job – any job – without success. He lives in a country where over 40% of able-bodied citizens aren’t employed. The kids are now suffering: they’re out of school and malnourished. Alisa is a full-time housewife and a responsible mom. She’s resigned from her work in order to attend to her kids, for she’s worried that her kids may suffer some disadvantages if she and her hubby have to stay away from home for economic reasons. Alisa, however, perceives that her husband’s income would be barely enough to sustain the family. Therefore, she needs to look for some passive income to supplement the family’s income and possibly safeguard their future. Life is full of risk. Someone loses an election after a huge amount of money has been spent. That doesn’t make it improper to spend money on elections. Someone starts a transportation business and ends up running at loss. That doesn’t mean that transportation business is bad. Someone loses his child after spending a fortune to bring them up and educate them. That doesn’t mean it’s wasteful to take care of one’s children. Someone purchases some valuables that are eventually stolen, but that doesn’t mean it’s wrong to buy valuables. A movie or an album is produced, but it does not sell well (a floundering title or a crashing failure). Do we then need to tell people to abstain from movie or album production? A dear Christian brother is ill and hospitalized. We pray fervently for his recovery; yet he dies. Does that mean prayers are useless? Someone’s house is destroyed in a natural disaster, but it doesn’t mean we should be preaching against owning a home. Someone’s marriage crashes after spending huge sums on the union. Does that mean it’s wrong to get married? Someone has an accident with his car. Does that mean one shouldn’t buy a car? The list could go on. Doctors jailed. Ferries capsize. Mines explode, etc. The list of professional hazards out of trading is inexhaustible. The fact that some people lose in trading doesn’t make it a bad career. This is in a huge contrast to what members of the public believe. If they see one negative trade, they start preaching to people to avoid trading like a plague. These are the people that suffer losses in other areas of life but they don’t see bad things in them. If you don’t know successful traders, there are many of them. Many people see trading as being risky. Yet, they lose heavily in other aspects of life. Majority of people start small scale businesses; but statistics shows that over 90% of small scale businesses fail within their first 3 years. Think of an easy job, millions of people are also thinking of doing that job. The economy is already glutted. Generally, the jobs and trades that every Tom, Dick and Harry finds easy to do or start scarcely bring financial freedom. The kinds of jobs that bring real financial freedom – like trading the markets – are what most people abhor and find extremely challenging. Some educated people are suffering because they believe in ‘I beg to apply’ mentality. After all, that’s the reason why most people go to college. One of the most difficult things one can do now is to seek and get a good job. The number of school leavers would continue to outpace the number of jobs created and the situation has high chances of getting worse. I know somebody who wanted to get employed in a popular oil company. He was told to get a master’s degree, for he’d only a bachelor’s degree then. He enrolled in a master’s degree program. After he completed the program, he went back to the oil company, only to be told that there was no vacancy for him. While his degrees aren’t a disadvantage to him, must he work for an oil company? Can you ask Deron Wagner or Anton Kreil to go for master’s degrees before you employ them? Without financial freedom, the future looks bleak indeed. Most private companies don’t have retirement plans for their employees, even in developed lands. Most companies and organizations now prefer contract staff. Do you want to put your financial destiny in the hands of your boss? You may be working right now (or even self-employed), but do you think people will still need your services at old age? If you’re a plumber or a driver, would people still give you jobs to do at old age, when there are numerous young men who’re also competent? Have you even saved enough money for your old age, or do you expect your children to support you then? Growing older is no offence: it’s a privilege. Nevertheless, some employers wouldn’t consider you if you’re above a certain young age. They’ll tell you: “Applicants who’re above the age of 25 need not apply.” Can they ever say that to David Tepper or David Harding? Nothing ventured, nothing gained; and to do nothing is to become nothing. If you can become a successful trader, you’ll attain financial freedom. You aren’t going to be retired, for you’ll continue to trade at your old age. You’ll trade leisurely and effortlessly and get rewarded. People like Van K. Tharp and Joe Ross are elderly traders and they’re successful. The older you become and the more the years of experience you gain, the more valuable and the more sought-after you’ll become. Trading is as serious business. We want you to become a successful trader. While people complain of economic hardships, you’ll only be smiling to you bank. This article is ended by the quote below: “…Trading is the art of paying the price for something you want. It is the art of regarding fear as the greatest sin, and giving up as the greatest mistake. It is the art of accepting failure as a step toward victory.” – Roy Longstreet *Names in this article have been changed Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD did not move upwards or downwards significantly last week, though the outlook remains bearish. Last week was the week in which the FX markets consolidated the most this year, with certain pairs and crosses not going up or down by 50 pips throughout the week. EURUSD simply vacillated between the support line at 1.0700 and the resistance line at 1.0800, but there might be a breakout this week, which would favor the current bearish outlook (although the consolidation could continue for some time). USDCHF Dominant bias: Bullish Just like EURUSD, USDCHF moved in a tight range last week. Price moved between the great psychology level at 1.0000 and the resistance level at 1.0100. The ranging movement could keep on happening for some time, but a breakout would eventually happen, which would probably favor bulls, as price goes further upwards, targeting the resistance level at 1.0200. It would require a serious bearish force for price to breach the great psychological level at 1.0000 to the downside. GBPUSD Dominant bias: Bearish In the context of a downtrend, Cable made a determined bullish correctional movement throughout last week. The market rose from the accumulation territory at 1.5050, topping at the distribution territory at 1.5250. This is a bullish movement of 200 pips, but it cannot render the downtrend invalid unless the distribution territory at 1.5350 is broken to the upside. Until that happens, long trades might be opened with caution. USDJPY Dominant bias: Bullish After reaching the supply level at 123.50, this currency trading instrument got corrected downwards a little, reaching the demand level at 122.50. Apart from this, there was nothing significant last week, as it is true of other pairs and crosses. Even most fundamental figures that were supposed to impact major pairs were shrugged off last week, save the Australian employment figures, which impacted AUD pairs. USDJPY might also continue moving sideways, but a breakout is in the offing. EURJPY Dominant bias: Bearish The EURJPY cross was simply choppy; and that might continue this week. The cross would find it difficult to trend seriously upwards as long as the Euro is weak, and so, the movement in the context of a downtrend could continue. Nonetheless, there is still a possibility that most JPY pairs could assume a measure of bullish effort this month; and that could be when EURJPY would trend upwards. This forecast is concluded with the quote below: “One of the most common misconceptions is that a retail trader cannot successfully and profitably day trade – I can tell you now that’s a load of tosh and don’t believe those naysayers… This belief normally comes from people who have royally failed and so try and take others down with them.” – Chronictrader (Trade2win) Copyright: Tallinex.com

“You do not need a PhD in math or physics to be successful in the stock market, just the right knowledge, a good work ethic, and discipline.” – Mark Minervini Imagine. There’s someone who borrowed a total of $13 million to make a movie. She’s a credit officer at a big financial institution who’s helped many candidates secure loans to finance their ambitions. She herself was unable to get a loan to finance the production of her movie. In fact, it took her more than 6 years to get money to produce her movie. After going to the States to learn how to direct movies, she’d to sell all her property and borrow money from some friends and banks, before they could get the needed $13 million to finance the movie. The movie could’ve been a crashing failure, but fortunately, it was a roaring success. This courageous woman took a great risk. Can you see the length people can go in order to achieve their dreams? The risk I take as a trader is even far less than this, with the assurance that my possibility of success is high because I’m a veteran trader. Have you been touched by sadness in trading? You might feel that’s a problem without solution. But there’s a solution – namely, the necessary mindset and principles that are necessary for your happiness. A losing period is a terrible problem, but there are wonderful solutions to that. If people discourage you, you could begin to think that the sacrifices you make in your trading career aren’t worthwhile or that you can’t attain permanent success. Since we’re surrounded by people that don’t understand the truth about trading, we must strive to keep our focus on the ultimate goals. If You Can Draw a Straight Line, You Can Become a Successful Trader This subheading was taken from one of the titles written by DbPhoenix of Trade2win.com. Contrary to what most people tend to think, you can become a permanently successful trader if you’ve a positive expectancy methodology and a winning attitude. The road to profitability is to think positively and take steps. This doesn’t mean that your steps would often lead to what you want. There are times when you’ll feel that you can’t become a winning speculator. You can even contemplate quitting. I know this. It’s happened to me. There were times when I was discouraged by poor trading results and I thought of abandoning my trading career. Nonetheless, I was aware of the potency of perseverance, and so, I didn’t quit. After many years of grappling with the markets, I’m eventually able to make money in the markets, surviving trendless and choppy periods and moving smoothly ahead when the markets trend strongly. I’m now able to keep my funds safe despite the vagaries of the markets. Sometimes, I make more than I even anticipate in a month. The Providence used Forex to remove me from poverty and launch me onto my way to financial freedom. Conclusion: Like the veterans of the markets, we don’t feel that the years we spend trying to bring our best trading self are a waste of time. Rather, we’re sure that the challenges are transitory and the rewards are permanent. I think of someone like Adam Jowett, who’s an entrepreneur and a developer who trades anywhere possible, like in the toilet, in the bus and in his garage. I know another trader who travels worldwide and trades on the go, raking in lots of money in the process. This piece is ended by the quote below: “Learning by trading may be the school of hard knocks, but in the end that is the best school you can attend. Just keep standing up over and over again, until you learn how to profit. Until that point, trade small and make sure to stay in the game. Make sure you will still be there once the profits arrive. And do not forget to enjoy the ride.” – Marko Graenitz Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair dropped 300 pips last week, testing the support line at 1.0700. The largest southwards movement last week occurred on Friday – a result of positive fundamental figures coming out of the US. The outlook on the pair remains bearish, which would be valid as long as USD is strong. The Euro could rally against certain other currencies this month, but it is not likely that it would rally seriously against the US dollar. USDCHF Dominant bias: Bullish The movement on this intriguing pair has been nicely predictable. Price moved further north by 200 pips as the US dollar reached parity with the Swiss Franc (as it was forecasted last week). There is a clean Bullish Confirmation Pattern in the market, owing to the stamina in USD. As price has closed above the great psychological support level at 1.0000, it would no longer be easy for bears to breach the level again. In fact, further upward journey is expected from here. GBPUSD Dominant bias: Bearish Last week, Cable was the strongest moving pair among the majors. It fell by roughly 400 pips, testing the accumulation territory at 1.5050. The selling pressure in the market is quite strong and this might continue further this week. Any upwards bounces that are seen here should be taken as opportunities to sell short, because price could go further south by at least, 200 pips this week. USDJPY Dominant bias: Bullish This currency trading instrument moved smoothly upwards last week. The movement was especially serious on Friday, November 6, 2015. Price is now staying above the demand level at 123.00, targeting the supply levels at 124.00 and 125.00. Since the outlook on most JPY pairs is bullish for the month of November, it is logical to conclude that this currency trading instrument would continue its uptrend. There are other demand levels at 122.00 and 121.50, which are supposed to check any large pullbacks along the way. EURJPY Dominant bias: Bearish Although this cross did not move seriously last week, it remains in a bearish mode. Price tested the demand zone at 131.50, but it could not breach it to the downside. The cross would be weak as long as the Euro is weak. Nonetheless, it could only be pushed up by a surprise weakness in the Yen, which might eventually happen this week or next week, since it is expected that most JPY pairs would be bullish this month. On the EURJPY cross, predictable directional movements would be witnessed from now till the end of the year 2015. This forecast is concluded with the quote below: “I notice that today there are much larger movements occurring much more quickly than in the past. That’s a good thing for us traders since the large [movements] will also result in good opportunities for making a profit.” – Oliver Klemm Copyright: Tallinex.com