The secret of Satan’s Airbag

There’s a water sports centre near where I live – a big lake where you can go and learn to windsurf or sail. And at the end of the last school term (the children have broken up for summer hols now) there was a bit of a buzz going around amongst the parents about a new addition to the […] [...]

Daily analysis of GBP/USD for August 15, 2017

No major action was seen in the GBP/USD pair, which continues to be trapped in a narrow range established between the 1.3021 and 1.2955 levels. The 200 SMA at H1 chart still provides dynamic resistance and that could favor for more downside in the Cabl... [...]

The draining impact of the pantomime villain

So, Usain Bolt – greatest sprinter the world has seen – ended his career with an underwhelming bronze medal in the 100m last Friday. It wasn’t supposed to happen like this. Where was the fairy tale final 1st place finish? Instead of Usain and his beaming grin, it was a twice-convicted American drug cheat who […] [...]

Technical analysis of USD/JPY for August 08, 2017

USD/JPY is expected to trade with bullish bias above 110.15. The pair is consolidating above the key support at 110.15, which should limit the downside potential. The relative strength index is above its neutrality level at 50 and lacks downward moment... [...]

EUR/USD analysis for August 04, 2017

Recently, the EUR/USD has been trading sideways at the price of 1.1872. Anyway, according to the 30M time frame, I found a buying climatic action in the background and supply came in, which is a sign that buying looks risky. There is also a breakout of... [...]

Trading plan 04/08/2017

The picture: Trends are not broken. The major new for the week as of today at 12:30 am London time is the release of the official report on employment. Yesterday, the Industrial orders showed strong + 3% which is higher than forecasts. However, the ISM... [...]

Technical analysis of NZD/USD for August 03, 2017

We will retain our yesterday's negative outlook of the pair. NZD/USD is still under pressure and expected to trade in a lower range. The technical outlook of the pair is negative as the price broke below the lower boundary of Bollinger Bands. The decli... [...]

The unholy war of System V’s Strategy

A question comes in from a reader: Aren’t you contradicting yourself when you’re dissing off the peg “forex systems” at the very same time you’re promoting the use of them? It’s a fair point, and one that probably needs a bit of explanation. It’s easy to miss the subtle difference between ‘system’ and ‘strategy’ when […] [...]

Norman gulps down the bait and chokes

Back in the olden days, before iPhones and social media took over the world, the best way to chat to other traders was through internet forums. Now these forums were a bit hit and miss. Some of them were plagued with bullying and name-calling, some of them weren’t worth the pixels on your screen (full […] [...]