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GBPUSD: Risk Builds Up On The 1.2865 Zone

GBPUSD: The pair continues to target further weakness after closing lower the past week. It now targets it key support located at 1.2865 level. On the downside, support lies at the 1.2900 level where a break will turn attention to the 1.2865 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2800

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How Mental Secrets Of Elite Athletes Can Help You Manage Your Trades

Like traders, top athletes compete and practice their sport day after day. Like traders, top athletes have good days and not so good days. Here’s an insightful comment by an elite tennis player after winning an important match in which she didn’t feel 100% (emphasis added in bold): Actually, mentally I’ve been going well from every match, I’ve been unbelievable. Probably stronger and

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EURUSD: Threatens Further Recovery Higher

EURUSD: The pair rejected lower prices on Wednesday to close higher. This development leaves EURUSD faced with consolidation risk with upside bias. Support lies at the 1.1100 level. Further down, support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level. Its daily RSI is bearish and pointing lower

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How What You Think Can Cause You To Win Or To Lose

It was a cause for celebration, though to the casual unaware observer there didn’t seem to be much to be happy about. But Saundra knew better. Yes, the trade was stopped out for a small loss and there had been a number of them. In the past Saundra would have all but freaked out while telling herself that she wasn’t very good at

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GBPUSD: Continues To Face Further Bearishness Pressure

GBPUSD: The pair looks to weaken further having continued to threaten more bear pressure. On the downside, support lies at the 1.2950 level where a break will turn attention to the 1.2900 level. Further down, support lies at the 1.2850 level. Below here will set the stage for more weakness towards the 1.2800 level. Conversely, resistance stands at the 1.3050 levels with a

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Why Trading Psychology Books Won’t Help You ( And How Trading Plan Will Fix Your Problems)

I hate to break the bad news to you, I really do, but seriously, that ‘Trading Psychology’ book won’t fix your problems. You’ll get temporary results at best, because the ‘tricks’ are just bubble gum and bandages. They are only going to give you short-lived relief, and you’re likely to be back in this spot again before long. They usually approach the topic

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How Self-Discipline Is The Backbone Of Your Trading

Max had had enough, and in the words of the movie “Network” he was “mad as hell and he wasn’t going to take it anymore!” Max had taken several Futures classes from some very good instructors. He had a trade plan, and he had been told that it was fairly comprehensive. He knew the importance of having a set of rules, heck, he

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CRUDE OIL: Medium Term Outlook Remains Lower

CRUDE OIL: The pair continues to hold on to its downside pressure following a lower close the past week. On the downside, support resides at the 43.00 level where a break will expose the 42.00 level. A cut through here will set the stage for a run at the 41.00 level. Further down, support resides at the 40.00 level. On the upside, resistance

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GOLD: Maintains Downside Pressure Towards 1,302.00 Zone

GOLD: With the commodity continuing to hold on to its downside pressure, more weakness is envisaged in the new week. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Below here if seen could

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EURUSD: Risk Remains Lower On More Weakness

EURUSD: The pair continues to face downside pressure following its sell off the past week. Support lies at the 1.1100 level. Further down, support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside,

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