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Trading can be counter-intuitive in a number of ways. Let’s examine an instance of this as we look over Shirley’s shoulder at her trade. The green candles were rising faster than the space shuttle Endeavor toward her stop. Her eyes were like saucers while she fought a... read more
EURUSD: The pair remains weak and vulnerable to the downside despite its price hesitation. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a... read more
GOLD: The commodity remains weak and vulnerable to the downside after it reversed its Friday gains on Monday. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open... read more
Paulo breathed a heavy sigh as he thought about the next day’s preparation. He was still attempting to recover from today’s session, which was emotionally whipping him as my grandfather used to say, “like he stole something!” He felt fragmented and frustrated, and he... read more
GBPUSD: The pair may have hesitated the past week, but remains slightly biased to upside. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more... read more
GOLD: The commodity remains on the offensive leaving risk higher nearer term. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards... read more
AUDUSD. The pair continues to hold on to its downside pressure weakening further on Friday. On the downside, support resides at the 0.7500 level where a breach will aim at the 0.7450 level. Below that level will set the stage for a run at the 0.7400 level with a cut... read more
Has this happened to you as it did to Harvey? His eyes were at half-mast as he could barely focus on the chart staring back at him from the computer screen. He felt very tired like he had weights on his arms, and his mind was foggy. But, what was quite clear is that... read more
EURUSD: With the pair backing off higher prices ton close flat on rejection candle on Wednesday, further decline is envisaged. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance... read more
I just finished teaching a class on the importance of documenting your trading. It was called “Awareness and Reprogramming.” One of the students complained that documenting was something that they did not enjoy and that it was therefore difficult to follow-through... read more
I found your daily analysis very useful. Thank you for an excellent service and great forex analysis
London, United Kingdom
You really do great technical analysis research. Very impressive, you know your job. Over the years, I have read so much technical analysis from many authors, and you can really tell their personal bias is affecting what they see in the charts. You do great work, very impressive.
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