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GOLD Sets Up To Weaken Further

GOLD: The commodity reversed its previous week losses to close lower on Friday. 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 the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00

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EURUSD Outlook Lower On Corrective Pullbacks

EURUSD: With the pair seen closing lower the past week, more weakness is envisaged. Resistance comes in at 1.1850 levels with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Conversely, support lies at the 1.1750 level where a violation will aim

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How To Achieve Your Forex Trading Goals

As I’ve written about numerous times over the past few years of writing these Lessons from the Pros newsletters, successful traders are technically their own boss. I like to look at things in a slightly different perspective; I choose to use my goals as my “boss.” One trader I know has a goal of owning a Ferrari FF, which is not your typical

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How To Model Winning Trading Strategies To Improve Your Results

People with the same goals often think alike and usually have many similarities. William James once wrote: “… if you want a habit – act like you have it. The Central Nervous System can’t distinguish from real experiences and strongly imagined ones. Acting as if has remarkable powers.” Today, a common cliché is “Fake it ‘til you make it.” The only difference between

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GBPUSD Backs Off Lower Prices, Eyes Further Recovery

GBPUSD: The With a temporary bottom seen, we may see further recovery higher. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1.3000 level. Conversely, resistance stands at the 1.3200 levels with a turn above here allowing

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How To Change Your Unsatisfactory Trading Profits

Change can be difficult, even when you want to change. Why is it so hard to do what you say you want to do; and not do what you say you don’t want to do? Firstly, humans are creatures of habit. Doing the same thing in the same ways fosters a level of familiarity and comfort…even the habits that are not in your

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EURUSD Recovers, Eyes Further Bull Pressure Towards 1.1879 Region

EURUSD: With the pair seen following through on the back of its Wednesday gains on Thursday, more strength is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Its daily

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How To Develop The Right Mindset For Profitable Trading

Anyone that has traded for an extended period of time understands the importance of having the right mindset when it comes to trading profitably. In fact, without the right mindset it’s almost impossible to produce consistent results. Moreover, the biggest challenge I’ve seen for many traders is understanding what the correct mindset entails, and then making it permanent so it becomes second nature

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