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EURJPY: Remains Vulnerable To The Downside

EURJPY- The cross continues to face downside pressure leaving risk of more weakness to occur. On the downside, support comes in at the 136.00 level where a break will aim at the 135.50 level. A turn below here will target the 135.00 level with a breach turning focus to the 134.50 level. On the upside, resistance lies a

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Increasing Odds For Trading Success

A critical skill for any trader or investor is to be able to determine the chances of whether a supply or demand zone is likely to hold or break. If we buy or sell at the wrong time, we give up the opportunity to make greater profits, or worse, we lose money. We cannot control the direction of the markets or individual

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Battling The Demons of Fear And Greed In Trading

For the subject of this week’s article, I thought that I would take the time to explore the thought process behind most trading decisions we make during our FX speculating. As you may already know if you have read previous articles written by myself or my colleagues, we all drive home the importance of formulating and

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AUDUSD: Weakens, Targets The 0.7550 Level

AUDUSD: With the pair continuing to weaken, it looks to target the 0.7550 level. AUDUSD is on a second day of decline following its loss of upside momentum on Wednesday. On the downside, support lies at the 0.7550 level. A cut through here will turn attention to the 0.7500 level and then the 0.7450 level where a violat

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USDJPY Triggers Recovery, Eyes Further Upside

USDJPY: With USDJPY seeing price recovery higher, it faces risk of a recapture of the 123.18 level. On the upside, resistance resides at the 123.50 level with a turn above here aiming at the 123.50 level. A break will target the 124.00 level. Further out, resistance comes in at the 124.50 level. Its daily RSI has turne

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Persistence And Perseverance In Trading

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 with. Actually, most endeavors that are valuable involv

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GBPUSD: Risk Remains Higher Despite Hesitation

GBPUSD: With GBP continuing to hesitate following its recent weakness, we think a turn back higher could be building up. This view remains valid while it holds above the 1.5661 level. On the upside, resistance resides at the 1.5800 level with a break aiming at the 1.5900 level. A violation of here will aim at the 1.595

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Can You Fear Success?

Most people are familiar with the fear of failure. In fact it’s one of Larry Wilson’s Four Fatal Fears that he listed in his book “Play to Win.” In it he describes that there are four fears fatal to your personal growth and achieving your individual goals. They are fatal not to your physical well being but to your abil

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