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GBPUSD: Builds Up On Strength

GBPUSD: With GBP maintaining above its broken resistance turned support at the 1.5166 level, it faces further bullish offensive. However, watch out for any pullback risk of its recent strength. On the downside, support lies at the 1.5200 level where a break if seen will aim at the 1.5150 level. A break of here will tur

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How The Trading Journal Gives You An Edge In Your Trading

Many traders understand that a trading journal can be important to their success, but when asked to say why this is so most draw a blank. Many traders do not know why a trading diary is a helpful tool. That is why many traders don’t bother with one and may continue to struggle in their trading. The trading journa

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USDJPY: Halts Weakness, Eyes Further Upside

USDJPY: The pair now faces further recovery risk after turning higher off its intra day low at 118.76 level during early Monday trading. On the upside, resistance resides at the 119.74 level with a turn above here aiming at the 120.50 level. A break will target the 122.02 level. Further out, resistance comes in at the

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GOLD Remains Weak And Vulnerable

GOLD: With GOLD declining the past week, it faces further downside pressure in the new week. However, it will have to overcome the 1,178.39 level convince the market of further weakness. Support comes in at the 1,170.00 level where a break will aim at the 1,150.00 level. A cut through here will open the door for move l

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EURUSD Risk Continues To Point Higher

EURUSD: Outlook for EUR remains to the upside after closing higher at the end of the week following a reversal of most of its losses. This development leaves risk higher in the new week. Resistance is seen at 1.0950 level with a cut through here opening the door for more downside towards the 1.1000 level. Further up, r

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Fear, One Of The Most Crippling Trading Emotions

Have you ever stopped to consider how the trading emotions of fear are clandestinely zapping your trading confidence? Suppressed fear is keeping you locked in a place of false security and self delusion. It also stops you from being a great trader. Suppressed fear is rather like a prison wall you have unwittingly surro

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USDCHF: Vulnerable, Risk Points Lower

USDCHF: With a reversal of almost all of its past week gains seen at the end of the week to close slightly higher, USDCHF now faces the risk of a move lower in the new week. On the downside, support comes in at the 0.9500 level. A turn below here will open the door for more weakness to occur towards the 0.9450 level an

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How To Develop Mental Toughness in Your Trading

In trading psychology, mental toughness is all about doing what needs to be done in order to trade well. It is taking the actions necessary to keep yourself in the trading game. When a trader makes a mistake or suffers a loss, it can often mark the beginning of a downward spiral. Things can quickly go from bad to worse

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