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EURUSD: Bearish, Targets Further Weakness

EURUSD: With the pair closing further lower on Wednesday, it now looks to weaken further in the days ahead. This exposes its support located at 1.0700 level. Resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950

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Why Consistent Success Is Not Possible Without A Trading Plan?

When it comes to consistency, unfortunately the only consistency that many traders have is in losing money. Obviously, that’s not the consistency anybody wants or desires. Instead, we want to strive to get positive results in our trading. But even with all the desire and effort, why is it so illusive for so many to get consistent results? If you look up the

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USDCHF: Extends Bull Pressure, Eyes 1.0000 Zone

USDCHF: The pair looks to extend its upside pressure leaving of bull pressure. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur

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How To Always Be A Consistently Profitable Trader

It takes many qualities to become a consistently profitable trader, the most fundamental being strong risk management skills, precise order execution capabilities and of course, a solid understanding of how the market really works. This understanding is rarely found in the realms of conventional technical analysis books and webinars, but rather by truly understanding how money is really made and lost in the

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EURUSD: Hesitates, Faces Pullback Threats

EURUSD: With the pair now seen threatening a move lower, it looks to extend corrective pullback. On the upside, resistance comes in at 1.0900 level with a cut through here opening the door for more upside towards the 1.0950 level. Further up, resistance lies at the 1.1000 level where a break will expose the 1.1050 level. Conversely, support lies at the 1.0800 level

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GOLD: Bullish, Eyes Further Upside Pressure

GOLD: The commodity closed higher the past week leaving risk of more strength on the cards. But we may a correction lower occurring. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower towards the 1,220.00 level. Below here

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EURUSD: Bullish With Eyes On Key Resistance

EURUSD: With the pair closing higher the past week, it now leaves risk of more strength on the upside. On the upside, resistance comes in at 1.0850 level with a cut through here opening the door for more upside towards the 1.0900 level. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Its daily RSI is

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Why Successful Trading is Ultimately A Numbers Game

In last week’s article, I wrote that one of the golden rules of trading is to cut losses short, and let profits run. The reason this rule is tried and true (if one wants to be successful in trading) is simply because the lack of adherence to this basic tenet is just bad math. A trader needs to understand that ultimately, trading is

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