analyst75

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards by 220 pips last week – just as it was expected. Price closed below the resistance line at 1.1000, going towards the support line at 1.0950. Bears may eventually target the support line at 1.0900, but they would meet some opposition at that place. The bias on the market is bearish, and any rallies seen here should be taken as opportunities to sell short at better prices. USDCHF Dominant bias: Bullish USD/CHF was able to trend higher last week, managing to reach the resistance level at 0.9900. Based on the prognosis last week, bulls were unable to push price beyond the resistance level, though they may be able to do that this week, due to the perceived buying pressure in the market. The current price action shows that price is almost above that resistance level. Once price goes above the resistance level, next targets would be other resistance levels at 0.9950 and 1.0000. Once again, it is unlikely that price would go above the psychological level at 1.0000, though USDCHF would remain bullish as long as EURUSD remains bearish. GBPUSD Dominant bias: Bearish Cable plunged last week, reaching the low of 1.2088 on October 11. Price then consolidated till the end of the week. The bias on the market is bearish in the short and long-terms, and thus, it is logical to anticipate another bearish journey once this consolidation ends. This does not rule out a possibility of a rally, which cannot be significant enough to threaten the current bearish bias. The movements on GBP pairs this week would not be as strong as the movements that would be witnessed next week. USDJPY Dominant bias: Bullish This market has managed to maintain its bullish stance; as price continued to trudge northwards. The supply level at 104.50 has been tested and it would be tested again. Some bearish forces would attract the current short-term uptrend, but unless USD itself experiences loss in stamina, the bias would not turn bearish. The bullish outlook would remain as long as price does not breach the demand level at 102.00 to the downside. EURJPY Dominant bias: Bearish EURJPY has not moved significantly in the short-term, though a closer look at the market reveals that bears have upper hands over bulls. As long as EUR is somewhat weak, price may face some difficulties in going up. Price is currently below the supply zone at 114.50, and it may test the demand zones at 114.00 and 113.50 this week. On the other hand, a movement above the supply zone at 116.00 would result in a clear bullish signal. This forecast is concluded with the quote below: “My belief is that the markets are a very friendly place. Whatever you want in life, the markets will find a way to give it to you. I’m not being facetious here.” – Dr. Van K. Tharp Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair remains neutral in spite of strong volatility witnessed on other pairs and crosses last week. Price simply went below the support line at 1.1150 and then moved towards the resistance line at 1.1200, closing at 1.1200. The neutral bias would persist for some time, but a strong momentum is expected soon. Price needs to go above the resistance line at 1.1350, or below the support line at 1.1050, before it could be said that the neutral bias is over. This week, the most probable direction for EURUSD and some other few EUR pairs, is downwards. USDCHF Dominant bias: Bullish This currency trading instrument is neutral in the long term, but bullish in the short-term. Price went upward on Monday and Tuesday, nosedived on Wednesday, and went upwards again on Thursday and got corrected again on Friday. While it is possible for this instrument to go further upwards, the movement would be limited, because it is unlikely that price would be able to go above the resistance level at 0.9900. GBPUSD Dominant bias: Bearish There is a strong Bearish Confirmation Pattern on GBPUSD market, and most other GBP pairs. As it was predicted last week, price dropped sharply by 880 pips, reaching a low of 1.2031. This is a persistent bearish trend. After that, price bounced back by 420 pips, to close at 1.2421. What next? Well, the forecast for this week is that, GBPUSD would be bullish (which is also true of a few other GBP pairs). Price would go visibly upwards this week, but that would not be significant enough to override the currently long-term bearish outlook on the market. USDJPY Dominant bias: Bullish As it was anticipated, USDJPY broke upwards last week, ending the recent equilibrium phase in the market. Price shot skywards by 280 pips, testing the supply level at 104.00 and the getting corrected by 100 pips. Price closed below the supply level at 103.00 on Friday, and that could be a good opportunity to seek long trades when things are on sale, and in the context of an uptrend. The outlook on JPY pairs remain bullish for this week, so price could go upwards again by at last, 150 pips this week. EURJPY Dominant bias: Bullish Just like USDJPY, EURJPY went upwards seriously last week, testing the supply zone at 116.00 pips, before getting corrected by 90 pips. There is a Bullish Confirmation Pattern on the market, and further upwards movement could happen this week, thereby ending the current bearish correction. From the current locating, price may go towards the supply zones at 115.50, 116.00, and 116.50. This forecast is concluded with the quote below: “I learned that the market truly is your greatest teacher and that trading is a skill you must nurture and develop. The more time you spend in the market, the better you are able to understand market movements.” - Michael Patak Copyright: Tallinex.com

AUS200 Dominant bias: Bullish AUS200 started September on a bearish note, but ended it on a bullish note. From September 1 to 13, the market dipped by 2500 points from. Since then, the market has rallied by 3300 point till date. There are Bullish Confirmation Patterns in the 4-hour and daily charts, which reveal that further northward movement is possible. Next targets are the resistance lines at 5550.0, 5650.00 and 5750.0 this month. SPX500 Dominant bias: Neutral SPX500 moved sideways last month – and the bias on both the 4-hour and the daily charts is neutral. Price moved sideways in the first few days of September, and then dipped from September 9 – 11. After this, price became quite volatile and ended up consolidating till the end of the month. The neutrality of the bias is supposed to continue this month until “something’ pushes the market out of balance. The most probable direction is to the south, for the bullish trend has reached maturity. US30 Dominant bias: Neutral The situation surrounding this market is quite similar to the situation surround the SPX500. Price moved sideways in the first few days of September, and the dipped from September 9 – 11. After this, the market was riddled with high volatility and eventually moved sideways till the end of the month. This neutral outlook may continue this month until the market starts trending seriously, which would cause a directional bias to form. The most probable direction is towards the south. GER30 Dominant bias: Bullish In spite of a serious volatility on this trading instrument, there remains a bullish indication on it. Bulls have succeeded in preventing large pullbacks in the market; plus there is a Bullish Confirmation Pattern in the daily chart. The instrument may thus attain the supply levels at 10650.0, 10750.0 and 10850.0 in the month of October. The demand levels at 10180.0 and 10150.0 should resist any bearish attempts along the way. FRA40 Dominant bias: Bullish FRA40 experienced extreme volatility in September 2016, which was characterized by large upswings and downswings. In spite of this, the bias on the market is bullish (though in a precarious situation). Price needs to move further upwards by at least, 1000 points, in order to showcase stronger bullishness. For this, bulls would be willing to target the supply zones at 4550.0, 4650.0 and 4750.0 this month. Copyright: Tallinex.com

GOLD (XAUUSD) Dominant Bias: Bearish Gold is bearish in the short-term, but neutral in the long-term. In the 4-hour chart, price trended downwards last week, to end September 2016 on a bearish note. Further bearish movement is anticipated this month, which would make price reach the support levels at 1298.00 and 1280.00 and 1270.00. This would make the bias on the daily chart to turn from neutral to bearish. On the other side, a serious rally may enable price to go above the resistance levels at 1330.00, 1350.00 and 1400.00, which may cause a Bullish Confirmation Pattern in the chart. SILVER (XAGUSD) Dominant: Bearish Just like Gold, Silver is bearish in the short-term and neutral in the long-term. Price is volatile and there would be further struggle between the bull and the bear before price starts trending seriously, which could most probably be in favor of the bear. The bear may target the demand levels at 18.7000, 18.2000 and 17.5000 in October, which would also result in a Bearish Confirmation Pattern in the daily chart. This expectation would be rational as long as price does not go above the supply levels at 19.9000, 20.5000 and 21.0000. This month, Silver is expected to trend more strongly than it did in September. BITCOIN (BTCUSD) Dominant Bias: Neutral Bitcoin remained a flat market throughout September 2016, save the bearish breakout that occurred at the beginning of this month, which turned out to be a false breakout. This flat movement is expected to continue this month, and the only thing that could force the market to go out of balance is an unexpected or extremely strong fundament factor. The outcome would be simple, very bad news would result in massive sell-offs, while very good news would result in a serious rally. A strong movement to the south would be contained at the accumulation territory at 509.00 (the low of August 2016); and a movement to the north may not go above the distribution territory at 775.92 (the high of June 2016). Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair did not do anything significantly last week, save moving briefly above the resistance line at 1.1250 and testing the support line at 1.1150. The bias has become neutral in the short and long terms, and this is supposed to continue until price goes out balance, which should happen before the end of the week or next. The outlook on EUR pairs is bearish for the month of October (except in a few cases), therefore, EURUSD could be seen going lower in the month. USDCHF Dominant bias: Bearish This currency trading instrument is bearish in the short-term, but neutral in the long-term. Bulls made visible effort to push the instrument upwards but bears did not allow this to happen. Although the outlook is bearish in the short-term, price did nothing more than testing the resistance level at 0.9750 and support level at 0.9650. There should be a rise in momentum this week, and USDCHF would rally only when EURUSD falls sharply. GBPUSD Dominant bias: Bearish GBPUSD is bearish in the long and short terms. Price simply moved sideways last week, although Bearish Confirmation Patterns are still visible in the 4-hour and daily charts. Further bearish movement is anticipated this week, which should drive price towards the accumulation territories at 1.2900, 1.2850 and 1.2800. Rallies in this market would invariably turn out to be traps for bulls; and of course, good short-selling opportunities. The accumulation territory at 1.2950 is currently doing a good job preventing further downside move: though it could give way very soon. In the month of October, the outlook on GBP pairs is strongly bearish, and large downside movements would be witnessed, except in a few cases. USDJPY Dominant bias: Neutral USDJPY is neutral in the short-term. In fact, the overall condition on the market has been a kind of consolidation throughout September 2016. Further sideways movement would result in a neutral bias in the long-term as well, but there is a high possibility that price may start trending seriously before the end of this week, which could result in a bearish or bullish signal forming in the 4-hour chart. EURJPY Dominant bias: Neutral The condition on EURJPY is quite similar to the condition surrounding USDJPY. Price consolidated between the demand zone at 112.50 and the supply zone at 114.00, throughout last week. This week, a rise in momentum is expected which would take price above the aforementioned supply zone, or below the demand zone, resulting in a bearish or bullish bearish in the short-term. This forecast is concluded with the quote below: “I am now doing things I have a passion for and am full time trading.” – Stefan Carling Copyright: Tallinex.com

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 18 “Get no joy, except a superficial joy, out of winning. Get no sadness, except a superficial sadness, out of losing. Get to the point where it must almost be an act on your part to be joyful or to be sad - and not the opposite, as it is with most traders. Always remember that your joy and sadness come from and with the most meaningful aspects of your life - family, friends, acts of giving and loving and creating. Not trading.” – Andy Jordan (Source: Tradingeducators.com) Name: Marc Lasry Nationality: Moroccan, American Age: 56 Occupation: Investor, fund manager, co-owner of Milwaukee Bucks HE EARNED AN INCOME OF $280 MILLION IN 2013 Marc was born in Morocco. His family moved to the U.S. when he was 7 years old. His dad was a computer programmer and his mom was a teacher. He got his B.A from Clark University in 1981; plus a J.D. from New York Law School in 1984. He worked as a clerk while in law school. He then worked at Angel & Frankel, following his graduation. In 1989, he and his sister, Sonia Gardner, founded Amroc Investments. Amroc Investments was founded with $100 million, purchasing and trading claims and bank debt held by vendors of bankrupt and/or distressed companies. In 1995, they founded Avenue Capital Group, investing $7 million of their own capital. His sister had often worked with him. Their hedge fund grew to be as much as $11 billion in AUM. Marc was ranked one of the 25 highest-earning hedge fund managers in 2013, with total earnings of $280 million. He became a co-owner of the NBA's Milwaukee Bucks after purchasing the team from Herb Kohl for $550 million. That was April 2014. Marc lives in New York, USA. Being a generous giver, he’s donated to science, education and politics. He’s a lover of basketball, tennis and comics. As of September 2015, he was worth $1.9 billion. He’s married to Cathy Cohen – they got 5 children. What You Need to Know: 1. Marc was blessed to have a sister who supported him and worked along with him. Concerning this, Marc revealed that he with his sister Sonia Gardner, was a forerunner to Avenue Capital Group. It was just the two of them and a secretary when they started – they were both working 14-hour days, 7 days a week. They slowly built one of the largest private distressed debt brokerage firms that existed at the time, and expanded Amroc to more than 50 employees. At the same time, for five years, they also ran their own money, just his sister and him. What can you learn here? I became a trader because my uncle called me many years ago, asking me to go learn trading because it was popular then. Today, I’m grateful that he advised me to do this. Sometimes, a piece of advice may be worth more than millions of dollars. 2. When you work with, or along with professionals, your life is easier. For example, Elon Musk surrounds himself with professionals and that’s one of the reasons why he appears to know much. Surround yourself with professionals, even work with them, and the results would be satisfactory. Marc met exceptionally smart guys at Bass: David Bonderman, Jim Coulter, Tom Barrack, and many others. It was a phenomenal period, and he quickly realized he was dealing with guys who were off-the-wall smart and really good guys – nice, smart people. 3. Marc looks at himself as a value investor. Trying to constantly find mispriced investments and add value in a situation. For him, investing means having conviction in your work and companies where you invest, even when the Street has written them off. 4. There’s no need to be concerned about how good a setup is, but we want to be concerned about how we can be protected in case things go wrong. 5. Good traders make profits because they view trading, price, etc. differently than what most people see. When the market reacts in panic, the public know. However, good traders analyze the scenario, assess the pitfalls and take actions. 6. No-one is too big to fail. No trader can avoid losses. No-one is immune from risk. Everybody can make it in life. 7. When you leave what you think is the best job for you, you might discover trading to be better. You won’t regret being a trader. 8. Marc says, “We are constantly searching, trying to find value, typically in troubled companies. And then we try to buy those assets at a discount. In contrast, most investors try to find companies that have no problems. And, when companies have problems, people get nervous. We look at the world very differently than most investors.” Conclusion: There are many advanced traders who focus on the process of trading instead of money. They approach trading as if approaching sports (and like martial arts). They know they should approach trading as experts tackle opponents in matches. We tend to think illogically when we trade, which isn’t a normal mindset for traders. This article is ended with another quote from Marc: “People think we got to $20 billion overnight, but it wasn’t as easy as it seems. We had the background. We had good returns. We had the infrastructure, and we had good people. And, importantly, we had high-quality, stable, long-term investors that allowed us to raise money in a difficult fundraising environment. We were also lucky that we were in the right place at the right time.” Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD is bullish in the short-term, but neutral in the long-term. Against the volatility contraction in the higher time-frames, bulls managed to push price above the support line 1.1200. The next targets are around the resistance lines at 1.1250 and 1.1300, which would require strong buying pressure to be breached to the upside. The support lines at 1.1150 and 1.1100 would act as barriers to bearish attempts along the way. USDCHF Dominant bias: Bearish This market is bearish in the short-term, but neutral in the long-term. Despite low volatility in the higher time-horizons, bears managed to push price below the resistance level at 0.9750, now close to the support level at 0.9700. The targets for this week are around the support levels at 0.9650 and 0.9600, which would require strong selling pressure to be breached to the downside. The resistance levels at 0.9750 and 0.9700 would act as barriers to bullish attempts along the way. GBPUSD Dominant bias: Bearish The dominant bias on GBPUSD is bearish. As it was mentioned in the last weekly forecast, price went down last week in spite of desperate opposition from bulls, who left their traces in the market. Short trades are not logical in this market because of the current price action, and because the outlook on GBP pairs remains bearish for this week. Thus, the accumulation territories at 0.2900, 0.2850 and 0.2800 could be tested before or by Friday. USDJPY Dominant bias: Bearish This instrument consolidated in the first few days of last week, dropped in the middle of the week and experienced a slight upwards correction around the end of the week. There is a Bearish Confirmation Pattern in 4-hour and daily charts, which signal further bearish movement. The demand levels at 100.50 and 100.00 could be tried this week. The bearish bias would hold out until the supply level at 104.00 is overcome – something that may not happen soon. EURJPY Dominant bias: Bearish This cross pair dropped significantly last week, moving briefly below the demand zone at 112.50 before the recent bullish effort in the context of a downtrend. The bullish effort could be seen as another opportunity to sell short at slightly higher prices (since the outlook on the cross pair is bearish). The demand zones at 113.00, 112.50 and 112.00 could be tried this week or next. The only thing that can overturn the current bearish outlook is a 300-pip movement to the upside. This forecast is concluded with the quote below: “I read charts like some people read the newspaper. My world revolves quite a bit around what I see on the charts.” – Joe Ross Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went upwards last week, testing the resistance line at 1.1300 and then getting corrected downwards. The bullish bias remains valid, though it looks like an unclear thing. Therefore, the pair is expected to trend further higher this week (for EUR would gain more stamina while USD would be weakened further), re-testing the resistance line at 1.1300, breaking it to the upside and heading towards another resistance line at 1.1350. Some EUR pairs have already started journeying upwards. USDCHF Dominant bias: Neutral There is yet no clear outlook on USDCHF, as price simply swung downwards and then upwards last week. There is going to be a directional movement this week, which would most probably be downwards. EURUSD could trend upwards (owing to an expected stamina in EUR), causing USDCHF to pull back. Other factors contributing to this are the coming further weakness in USD and a possibility of CHF strengthening (please watch CHF pairs). Bears would thus target the support levels at 0.9700, 0.9650 and 0.9600 this week. GBPUSD Dominant bias: Bearish GBPUSD is bearish in the long-term, though bulls are fighting against all odds, to effect a meaningful rally. Price moved upwards 140 pips in the first few days of the week and started coming downwards from Wednesday. A movement below the accumulation territory at 1.3100 would cause a very strong Bearish Confirmation Pattern to form in the market. On the other hand, a movement above the distribution territory at 1.3450 would result in a near-term bullish outlook. USDJPY Dominant bias: Bearish Last week, this market trended southwards by 260 pips, moving briefly below the demand level at 101.50, before starting a 170-pip rally. The supply level at 103.00 has been tested during the rally attempt. Further upwards movement is possible this week, which could bring an end to the current bearish outlook. In case this happens, the supply levels at 103.50 and 104.00 might be reached. EURJPY Dominant bias: Bullish This currency trading instrument is bullish in the short-term and bearish in the long term. Bearish effort was rendered useless last week, as bulls came in to push price from the demand zone at 114.00 towards the supply zone at 115.50, thereby rendering useless the 200-pip pullback that was witnessed from Monday to Wednesday. Bulls would continue to push price upwards, owing to expectation of further weakness in the Yen. The outlook on JPY pairs is bullish for the week. This forecast is concluded with the quote below: “Success in the long run for me is defined as consistently positive returns with a consistency for never losing too much money when things go wrong. For those starting out I think it is very important to develop a trading strategy that will stand a very good chance in working through all business cycles. The world looks very different now to what it looked like in 2006, 1999, 1991, 1982 and is forever changing. Trading strategies that depend on a certain market environment will always get found out when the market environment changes. As a trader you want to be trading from now till the day you drop dead.” Anton Kreil (Source: Traders-mag.com) Copyright: Tallinex.com

“Once you get your trading plan completed however, and you have a successful track record of six months of solid trading results, lock that plan up and never share it with anyone. Use it to build an incredible life for you and your family. Hold on to the edge you have worked so hard to attain. Be happy to share your knowledge but that does not have to mean giving away your strategy and edge.” – Sam Seiden There are certain other ways through which you can make money from the markets without your own capital, and that’s what this article reveals. Many people are eager to commit real money to trading; which is not a bad thing. However, the most crucial thing is correct trading knowledge. When you’ve correct trading knowledge, capital will come looking for you, which means that your knowledge makes you rich. If you’ve capital and you don’t have the right knowledge, you’ll soon be done away with your capital. When you’ve the right knowledge and no capital, these are what you can do to become rich gradually as a trader: You can work as a signals provider: If you’ve a good trading idea or strategy, you may want to become a trading signals provider at one of relevant websites like Zulutrade. Registration and services are free, and you can trade Forex, CFD and Binary Options. Once you use a positive expectancy system with sensible risk control tools, you’ll begin to gain live followers. You then get paid a percentage of the trading volume generated by trades that get opened as people copy your trades automatically. You can get investors through proven demo track records: This is possible on relevant websites like Myfxbook.com. You can open a demo account with a good MT4 broker and register the account on Myfxbook. Your trades are recorded and analyzed automatically. After many months or a few years of positive track records (clean survival), you might convince an investor (or investors) to commit some capital to you. You then get some percentage of profits you make on that capital. I know someone who got employed as a trader in a reputable bank – only because he’d a demo account that showed good results of a few years. You can get money by joining demo trading competitions: Luckily, many brokers organize forex trading competitions with various awards methods. Some brokers would give you a cash prize for being one of the top winners and a contract to manage money for them. Some brokers would give you a free deposit as one of the winners. You can’t withdraw the deposit, but you can withdraw the profits made on it. Some brokers can allow you to withdraw the money from your MT4 account once certain conditions have been met; like trading with some desired volume. Recently, Tallinex.com organized a demo trading competition, in which 15 winners were given generous cash prizes, which could be withdrawn immediately or traded as each winner liked. You can make money as an IB: I wouldn’t expatiate on this. Please ask your broker who an IB is and what the rewards for a successful IB are. When you get some money, you can provide automated trading signals with real money on some relevant websites like Collective2. People who find your trades useful would gladly pay monthly fees for the use your strategy. There are other ways to make money from trading related activities, without having your own capital. Can you think of some more of them? When you’ve a proven strategy, the best thing is to trade it with real money. Some people don’t have money to open a decent trading account and they got talent as traders. Once they can prove their expertise in a simulation mode, they might get seed money to start their own trading business. I know that some negative views people have about trading are simply not true. Conclusion: Visionaries can’t be intimidated by the markets…. Schools don’t make successful people; learning makes successful people… You’ve to be different before you can make a difference. I wish you a profitable trading future. This article is ended by the quote below: “But truth is… We all have losing trades..., as we all have winning trades. We all have good days..., and bad. We all.., are only as good - as how we managed the last trade - regardless of that trade's outcome. Trading is not about the amount - it only about the process..., routine..., making a plan for each trade..., then trading that plan to fruition. It’s about discipline...., patience..., repetitiveness..., with no opinion..., and one's ego set aside low..., it about self-management in a totally uncertain environment” – Redneck (Source: Elitetrader.com) Copyright: Tallinex.com

AUS200 Dominant bias: Bearish AUS200 dipped at the beginning of August, and moved sideways till last week, when it went down significantly. The bias has turned bearish, and unless price goes above the resistance line at 5620.0 to effect a new bullish outlook on the market. This month, further dips are expected, which would enable bears to reach the support lines at 5350.0, 5250.0 and 5200.0 respectively. SPX500 Dominant bias: Neutral SPX500 has recently experienced what can be called an unprecedented volatility contraction in the last few decades. The market went flat throughout August 2016 – an action that has brought about a neutral bias which essentially started in July. This neutral bias would remain in place this September, until there is an end to it before the end of the month or early next month. Yes, the sideways movement would end as price goes conspicuously upwards or downwards. On the upside, there would not be any protracted bullish movement any longer, since the bullish phase has already reached maturity; and on the downside, price would decline seriously in case anything awakens the slumbering bears. US30 Dominant bias: Neutral This market also did not go upwards or downward significantly last month, which has resulted in a sideways phase. Price would continue to swing to and fro within resistance level at 18670.0 and the support level at 18240.0; until something forces it to go above that resistance level or below the support level. When the market gains momentum, most probable direction would be southward, because smaller timeframes like 4-hour and hourly charts reveal that bears are currently making some covert attempt to end the neutral bias against bulls. GER30 Dominant bias: Bullish As it was anticipated last month, this trading instrument was able to go above the high of June 23, 2016, which was 10470.8 (which had been our goal since the large pullback of June 24), therefore enabling buyers to fully recover their recent losses. The bias remains bullish in the daily chart and neutral in the 4-hour chart. Bullish effort is noticeable in the market, as it closed with bullish candles in daily and 4-hour charts. This means that bulls are still willing to push price upwards this month, which could reach the supply levels at 10805.0, 10855.0 and 10900.0. These targets are attainable this year. FRA40 Dominant bias: Bullish Just like GER30, FRA40 also closed on a bullish note last Friday. In August, price reached a low of 4290.4 and a high of 4525.9. Bulls are also willing to effect further northward movement, for there are Bullish Confirmation Patterns in the 4-hour and daily charts. Price is now at the highest level since April 2016, and the achievement for this month would be to break above the high of April 2016, which is located at 4612.9. Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD went bearish last week, closing at 1.1152 on Friday. Bulls made serious effort to push price upwards on Thursday and Friday, but bears came with stronger hands to effect a movement to the downside. There are support lines at 1.1100 and 1.1050, which may be tested this week. On the other hand, the resistance lines at 1.1300 and 1.1350 would oppose any meaningful rallies in the market. This bearish bias cannot be overridden until price goes above the resistance line at 1.1350. USDCHF Dominant bias: Bullish USDCHF went bullish last week, closing slightly above the support level at 0.9800 (on September 2). Bears made serious effort to push price downwards on Thursday and Friday, but bulls came in to put a check on this, thereby preventing a serious decline. There are resistance levels at 0.9850 and 0.9900, which may be tested this week. Additionally, support levels at 0.9750 and 0.9700 would check any pullbacks that may occur in the week. This bullish outlook would remain valid as long as price does not go below the support level at 0.9700. GBPUSD Dominant bias: Bullish Cable consolidated in the first few days of the week, and then began moving upwards on September 1. The upwards movement was significant enough to result in a Bullish Confirmation Pattern in the 4-hour chart. Further upwards movement is possible, which might enable price to reach the distribution territories at 1.3400 and 1.3450 this week. We would continue to witness high volatility on Cable and other GBP pairs this week and this month. USDJPY Dominant bias: Bullish USDJPY has been able to sustain the bullish movement it started on August 26, 2016. Since then, price has gone up 400 pips, assayed to stay above the supply level at 104.00, but closing below it on Friday. The outlook on the market, as well as other JPY pairs, has become strongly bullish, and that is the reality right now. This means that USDJPY is expected to continue going north until there is a significant change in the market situation. EURJPY Dominant bias: Bullish As it was expected, the protracted equilibrium phase that occurred on this cross from August 8 to 26, 2016 has ended. Price has rallied by approximately 290 pips since then, currently making effort to settle above the supply zone at 116.00, which is trying to aid bears in their current losing battle. Bulls have to overcome that supply zone in order to effect further rally, which is anticipated for this week. Since JPY is now weak, any currencies (like GBP) which become strong would enjoy massive gains versus the Yen. This forecast is concluded with the quote below: “The world's most successful traders believe in themselves and their ability to win. In fact, many of them feel that they “own” the market. They are not necessarily being arrogant, but they are sure of themselves and that they are able to take profits out of the market.” – Andy Jordan Copyright: Tallinex.com

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 16 “Traditional risk management simply fails to account for the fact that the most dangerous risks are those which occur infrequently and don’t show up in track-records.” - Jack Schwager Name: Noam Gottesman Year of birth: May 1961 Nationality: American, British Occupation: hedge fund manager, businessman HE APPROACHES TRADING AS A BUSINESS Noam is of Jewish ethnicity. He also has dual citizenship (the US and UK); and based in New York. He got his B.A. from Columbia University. He first worked at Goldman Sachs, in a London branch, and rose up the executive ladder, becoming a manager of one of their private client funds. After leaving Goldman Sachs in 1995, he co-founded GLG Partners. As of year 2014, Noam was worth $2 billion, which made Forbes list him among 400 richest people in that year. This means that his trading activities were hugely profitable. In 2007, GLG Partners grew up to the point of managing $24.6 billion; and becoming a publicly traded company on New York Stock Exchange. Noam has other business and activities of interest like, TOMS Capital (investment Company), Eleven Madison Park (restaurants), the Tate Gallery Foundation (trusteeship), etc. He was blessed with 4 children. What You Need to Know: 1. Contrary to what certain people believe, trading is no gambling. Well, it’s gambling for those who see it as such. For those who see it as a serious business, like Noam, it’s just what it is: a business. Treat your trading career as a business and you’d have higher chances of being successful. 2. You track record is important. It shows how you controlled risk in the past and profited from uncertainties. Noam has his track records, making him an undisputed super trader. 3. Your trading system(s) must be able to survive all market conditions, and you must be able to follow your rules flawlessly. By this, I mean winning rules. Adhering to losing rules would only make you lose your money. 4. Yes, when you become successful in trading, you can also try other businesses, just like Noam. Breakthrough in a very tough but highly rewarding business like trading might encourage you to venture into other fields. Peter Thiel is another good example. 5. As you become richer, then enjoy your money. Forbes revealed that Noam got married in May 2015 (second marriage) to the sales director of fashion label Reed Krakoff in Italy, an elaborate event attended by such celebrities as Beyonce and Jay Z. This article is ended by the quote below: “A mistake occurs when you don’t follow your written trading rules, and if you don’t have written rules then everything you do is a mistake. An efficiency level of 80% (two mistakes in ten trades) can ruin your trading system and your profits.” – Dr. Van Tharp Copyright: Tallinex.com

GOLD (XAUUSD) Dominant Bias: Bearish Gold generally consolidated from August 1 to 19, 2016; and then began moving south perpetually. The southwards movement was significant enough to have brought about a bearish bias on the market. Price has gone down 3500 pips since August 22, making it illogical to seek short trades right now. Further bearish movement is anticipated for September 2016, which may enable price to reach the demand levels at 1290.00, 1280.00 and 1270.00. SILVER (XAGUSD) Dominant: Bearish Silver decline from August 1 to 26, and then moved sideways till the end of the month. This has resulted in a Bearish Confirmation Pattern in the market, as price reached a high of 20.7500 and a low of 18.3550 in August. Further southward movement is possible this month, and price could test the support levels at 18.5000, 17.5000 and 16.5000 before the end of the month. Nonetheless, there would be a bullish reversal sometime in future, which may also affect Gold BITCOIN (BTCUSD) Dominant Bias: Neutral Bitcoin remained a flat market throughout August 2016, save the bearish movement it underwent on the last day of July and the first few days of August. Price has been volatile on smaller timeframes and it is directionless. This sideways movement may continue in September, but a serious directional movement would soon happen, which would most probably favor bears. The short term outlook is neutral and the long term outlook is bearish. Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The bias on this pair is precariously bullish. Price came down 120 pips on Friday, in the context of a weak uptrend. A movement below the support line at 1.1100 would result in a clean Bearish Confirmation Pattern in the market, while a movement above the resistance line at 1.1350 would strengthen the ongoing bullish bias on the pair. This week would determine whether things would turn bearish or things would become more bullish in the market. USDCHF Dominant bias: Bearish Just as it was prognosticated last week, a short-term weakness of CHF (which was weak versus other majors as well), coupled with a noticeable bullish effort on EURUSD, was able to cause a rally on USDCHF, which rallied 170 pips last week. USD also became strong in its own right, especially on Friday, August 26, 2016. Therefore, USDCHF would continue going up as long as the factors mentioned above continue to favor it, which might cause a Bullish Confirmation Pattern to form in the market; otherwise there would be a serious pullback. GBPUSD Dominant bias: Bullish GBPUSD is bullish in the short-term and bearish in the long-term. Price went north 200 pips to test the distribution territory at 1.3250, before it experienced a pullback on Friday. However, the short-term bias remains bullish, provided that price does not go below the accumulation territories at 1.3000 and 1.2950. GBP pairs would undergo high volatility in September 2016: in contrast to lower volatility witnessed this month. USDJPY Dominant bias: Neutral This currency trading instrument is neutral in the short-term, but bearish in the longer term. The instrument underwent a very tight consolidation between Monday and Thursday, only to break upwards on Friday. The upwards break has not invalidated the neutral bias on the market, unless price goes above the supply levels at 103.00 and 103.50. There is also a possibility of a pullback to the demand levels at 101.00 and 100.50. The outlook on JPY pairs is bearish for the month of September, which means, bears are expected to be the overall winners in the month. EURJPY Dominant bias: Neutral EURJPY is neutral in the near term and bearish in the long-term. The cross has been moving sideways for the past three weeks, while the trend on higher timeframes remains bearish. The bullish breakout that occurred on Friday could end up being a false breakout, should price fail to keep on moving north. Since the outlook on JPY pairs remains bearish, a pullback into the demand zone at 113.00 is possible, though strong selling pressures would be needed for the demand zone to be breached to the downside. This forecast is concluded with the quote below: “A seed was planted in my mind. It took a few years for it to grow. When it did, I realized that what I really love is trading — the pursuit of actively trying to beat the market. And so I guided my life into that role. It took a while, but finally I succeeded. For the past 15 years, I have been a full-time trader.” - Jim Totaro (Source: Collective2) Copyright: Tallinex.com

TAPPING PROFITS WITH AN INTRADAY STRATEGY “As traders, we should never stop learning, because the markets are never going to stop teaching. Continuing to learn is a vital part of becoming a better trader.” – Track ‘n Trade You may have heard that FX trading is all about combining strong currencies with weak currencies. Well, this is the home truth. In fact, this is what currency trading is all about, and the Currency Strength Meter helps us do this as easily as possible, while you are adequately rewarded. Currency Strength Meter – What You Need to Know The currency strength meter at LiveCharts gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all Forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. How Does The Currency Strength Meter Work? The meter takes readings from every Forex pair over the last 24 hours, and applies calculations to each. It then bundles together each the associated pairs to an individual currency (eg, EURUSD, EURJPY, EURGBP etc) and finds the current strength. How Can This Help Me? It is useful as a quick guide to which currencies you might want to trade, and which might be worth staying away from. For instance, if a certain currency is very strong, and another suddenly turns weaker, you may find a trading opportunity. Such deviation between pairs usually indicates momentum. Conversely, if two currencies are weak, strong or average strength, there is often a range or sideways movement happening. You might want to stay away from trading those pairs. (Source: LiveCharts) Bringing It Together There are many ways in which currency strength information is displayed (like figures display, bars displays, etc.), but LiveCharts makes uses of rectangular bars. The strongest currency would display six rectangular bars on top of it. The weakest currency would display only one rectangular bar on top of it. The second strongest currency would display five rectangular bars on top of it. The second weakest currency would display two rectangular bars on top of it. The uppermost rectangular bar on top of the strongest currency is green, while the only rectangular bar above the weakest currency is red. Watch the video here: Learn.tradimo.com/courses/183 Looking at the CSM, the best thing to do is to combine the strongest currency with the weakest currency for the best result. Sometimes, we may combine the strongest currency with the second weakest currency (or the second strongest currency to the weakest currency). In a given day, all currencies with four or three bars on top of them would be avoided. Also, these are what we do not want to do: Combination of one strongest currency with another strongest currency, Combination of the weakest currency with another weakest currency, Combination of one second strongest currency with another second strongest currency, And combination of one second weakest currency with another second weakest currency. Strategy Snapshot* Strategy name: Strategy type: Suitability: Time horizon: Indicator: Setup: Position sizing: Stop loss: Take profit: Risk per trade: Risk-to-reward ratio: Maximum duration per trade: Maximum orders per day: The quote below ends the article: “When I follow my rules, good things happen. When I don't follow them, bad things happen.” - James Altucher *Please watch the details of the strategy video here: Learn.tradimo.com/courses/183 Tallinex.com wants you to make money from the markets

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD went upwards 200 pips last week, testing the resistance line at 1.1350 before the current shallow retracement. Price may be able to target the resistance lines at 1.1400 and 1.1450 this week, but bulls might encounter some challenges doing this. There is a possibility of a pullback, which might bring another opportunity to go long at a lower price or bring an end to the current bullish outlook on the market. USDCHF Dominant bias: Bearish USDCHF went in the opposite direction to EURUSD, moving briefly below the support level at 0.9550, and then closing at 0.9600 on Friday. There is a Bearish Confirmation Pattern in the market, which means it may continue trending downwards, on the condition that EURUSD would continue trending upwards; otherwise a rally would ensue. A show of weakness in EURUSD and CHF (for CHF could experience some weakness against the majors this week) would help to bring about a rally in USDCHF. GBPUSD Dominant bias: Bearish GBPUSD went upwards from Tuesday to Friday last week, pulling back by over 130 pips on Friday, and closing above the accumulation territory at 1.3050. The bearish outlook remains in place, unless price goes upwards by at least, another 300 pips from the current location. Without this condition being fulfilled, GBPUSD might experience a further pullback, which might possibly be aided by a bearish movement on GBPCAD (since CAD would rally against other pairs this week). GBPCAD and GBPUSD sometimes get positively correlated. At times, it is helpful to know how conditions surrounding other pairs and crosses affect the instrument we focus on. USDJPY Dominant bias: Bearish This pair declined 170 pips on August 15 and 16, and then moved sideways for the rest of the week, all in the context of a downtrend. The outlook on the pair, plus other JPY pairs, continues to be bearish (though CADJPY could rally when CAD gains stamina). This week, the demand levels at 100.00, 99.50 and 99.00 might be tested. The demand levels at 100.00 and 99.50 were tested last week, but price could not stay below them. EURJPY Dominant bias: Neutral This cross has been consolidating for the last two weeks; an event which has brought about a neutral bias in the near term (although the bias is bearish in the long-term). Further sideways movement would continue to emphasize the neutral bias, until there is a breakout this week or next, which would most probably favor bears, as price goes towards the demand zones at 112.50, 112.00 and, especially 111.50. This forecast is concluded with the quote below: “Now I am devoted to Forex and fully focused on developing my trading strategy to become a full-time trader.” – Lukasz (source: Tradimo) Copyright: Tallinex.com

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 15 “It seems that these days few traders are interested in trading long-term. The monthly and weekly charts remain relatively unnoticed. Traders are so busy looking at anything and everything from 60 minutes down to 1 minute, that they let beautiful trades slip right by them in the very markets where they are trying so desperately to make a buck… Please keep in mind that the moves you will be seeing are huge on the monthly and weekly charts; and if they last for only a few bars, which is many times better than the moves you are getting on intraday charts.” – Joe Ross (Tradingeducators.com) Name: Tom Baldwin Nationality: American Occupation: Trader/investor Company: Baldwin Group of Companies A TRADER WHO CAN SINGLE-HANDEDLY MOVE THE TREASURY BOND MARKET Tom took a Master’s degree in agribusiness and worked as a meat packer in Ohio. He’d already taken a few trading-related courses at graduate school, based on a friend’s advice, he moved to Chicago. Being a trader and investor, Tom founded the Baldwin Group of companies. He traded the 30-year bond, and he’s recognized as a force to reckon with. He currently serves as Chairman of Baldwin Group Ltd., the parent company of several investment and financial services. Companies in the group include: Baldwin Commodities Corp., a Treasury Bond Futures proprietary trading company, and Baldwin Managed Futures, a CTA. Tom’s career as a trader was a profitable one. Wikipedia say he is also the current owner of Granot Loma, the great American castle on the southern shore of Lake Superior in Marquette County, Michigan. He was inducted into the Futures Hall of Fame in 2009, which was instituted in the year 2005 to honor exceptional contributions to the global futures and options community. What You Need to Know: 1. Tom followed this trend. Period. 2. Trading is a lot of hard work, for one. It’s perseverance. You have to love to do it. Also, in your business, you have to have a total disregard for money. You can’t trade for money. You shouldn’t make money your number one goal in trading. 3. As far as trading is concerned, patience is a virtue. Some people trade too much. They just enter the markets at random and trade anything that moves. So they’ll be forcing trades rather than waiting patiently for their setups to form. Patience is an important trait many people don’t have. Tom believes that patience has been the most difficult thing for him to work on. Although he’s made great strides in the past two years, he still catches himself worrying that the next bull market is going to take off without him. He expects to continue to improve in this area as he continues to gain more experience. 4. Education doesn’t necessarily make you a great trader. Some newbies think the more they know, the better it is. But being smarter can also mean being dumber. More knowledge could make your trading results worse, because what you need to be profitable are simple principles. Many great traders believe that there isn’t anything special about them. They just show up to work everyday and study their asses off. 5. Tom said trading is like any other job. You work hard, put in the time and effort, and make your own luck. 6. For a successful trader, the ego has been put under control. They find it very easy to cut their losses. You don’t need to be self-confident that all trades must go in your favor. Tom has come a long way with this as well, of course, with having a few big winners under his belt would really aid his psychology. This article is ended with the quote below. “Actually, the best traders have no ego. To be a great trader, you have to have a big enough ego only in the sense that you have confidence in yourself. You cannot let ego get in the way of a trade that is a loser; you have to swallow your pride and get out.” Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated on Monday and went further upwards on Tuesday. Price moved upwards 130 pips, testing the resistance line at 1.1200, to close above the support line at 1.1150. Bulls might push price further upwards this week; however, there is a possibility of a bearish movement on EURUSD, since EUR could become weak versus other majors, save GBP, which is currently weaker than EUR. The current bullish effort would end once price goes below the support line at 1.1050. USDCHF Dominant bias: Bearish There is a “sell” signal on USDCHF, especially in the near-term. There are support levels at 0.9700 and 0.9650, which could be tested this week. Nonetheless, the expected bearish movement on EURUSD might enable USDCHF to stop moving south, and assume a rally that would bring about a Bullish Confirmation Pattern in the market. Without EURUSD getting weak this week, USDCHF would have to continue moving southwards. GBPUSD Dominant bias: Bearish As it was forecast, this market went further south last week, declining by 170 pips and closing below the distribution territory at 1.2950 on Friday. Just like other GBP pairs (except EURGBP), the outlook on the market is bearish for this week, which means that the accumulation territories at 1.2900, 1.2850 and 1.2800 could be tested this week. The only factor that can reverse the current weakness in the market is an expected or unexpected fundamental factor that proves very favorable to GBP or very unfavorable to USD. USDJPY Dominant bias: Bearish According to expectation, this currency trading instrument was able to maintain its bearishness throughout last week, scuttling bulls’ effort to effect a protracted rally. Whenever price rallied, bears would come in to push it downwards again, thereby preserving the current bearish bias on the market. This week, the bearish bias could continue as price goes for the demand levels at 100.50 and 100.00. On the other hand, a possibility of a strong reversal exists, in case JPY gathers strength. EURJPY Dominant bias: Bearish The movement on EURJPY was essentially flat last week, though that has not overridden the current downtrend. Price would need to consolidate further for another week or two before the bias can turn neutral, otherwise, we would witness a continuation of the southward movement or a temporary reversal that would threaten the current bearish bias. A bullish reversal may occur, but it would not last very long, because of a bearish outlook on JPY pairs, and because EUR itself is expected to be weak this week. This forecast is concluded with the quote below: “Good trading habits are an important factor in successful trading.” - Gabriel Grammatidis Copyright: Tallinex.com

“In my experience trading takes a very important and somewhat rare personality trait which is: the ability to see the next logical step and to then get it done. If this ability is lacking you will always be behind.” – Garachen (Source: Elitetrader) Why Is Trading a Good Money-making Vehicle? It’s a level playing field. Everybody is welcome. You don’t have a boss to control you. You need only a PC and Internet connection. You can make money whether the market goes up or down. The more experience you’ve, the better you become. The starting capital is minimal. You’ve great money management flexibility. You stay in control. You choose when to trade and when not to trade. Profits come naturally when you’re away from your system. You can coach others including your family members. There Is Something Intriguing About Trading Most members of the public don’t believe they can trade successfully. They’ve been convinced that they can only give their money to professional funds managers to manage, without knowing that they can do this themselves. Your parents don’t have trading secrets to give you. Your school doesn’t have trading secrets to give you. The society don’t have the secrets to give you. While there are pros who can manage your money successfully, it’s true that when you’ve correct trading methodologies and use them faithfully, you can even do better than the so-called pros in terms of percentage returns. Forex trading is a good business, but many people don’t understand it. It’s controversial because the public opinions about it are unfair and warped. Most members of the public understand other types of business, save Forex. There are ways to make small and consistent profits on monthly basis, which become considerable on annual basis. Since most people don’t have experience and others around them don’t have the knowledge, they’re afraid to get in. The reality is; successful traders are just normal people like me and you. There are good trading systems you can use to make money, and those who use these systems aren’t smarter or better than you in any way. The only difference is that those who use good trading systems have the willingness to attain riches through discipline. Conclusion: Trading is different from investing. As a trader, you buy and sell within days or weeks, but an investor may hold a position for months or years. The greatest market speculators are faithful to strategies that give them an edge. They stick to those strategies when they work and when they don’t work. I pray that your fortitude will not be shaken in trying times. Your true trading potential lies beyond your innate gifts. The article is concluded by this quote: “Trading is not a sin, but trading without knowing what you are doing can lead to a lot of problems. Trading, in and of itself, is not considered as gambling…. However, gambling is considered to be foolish. Trading without adequate knowledge of the markets and self is foolish because, by doing so, you are gambling… There is a certain amount of self-knowledge needed to choose the proper trading method.” – Andy Jordan Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair could not sustain the bullish run it started in the last week of July 2016. Price made a faint bullish effort on Monday and Tuesday, went briefly above the resistance line at 1.1200, reached the weekly high of 1.1231, and then declined 180 pips, to close above the resistance line at 1.1050 (which was tested before the close of the market). Since the bias on the market is bearish, further decline is possible, which may take price towards the support lines at 1.1050 and 1.1000; even if there would be a brief reversal following that. For the support line at 1.1000 to be broken to the downside, there is a need for very strong bearish pressures. USDCHF Dominant bias: Bearish Although USDCHF has gone upwards 180 pips since last Wednesday, bears are still very active in the market. For the bias to turn bullish, there is a need for at least, another 200 pips to the upside, which would require a strong bullish pressure. Further upwards movement in the context of a short-term downward is what is anticipated this week. However, the presence of bears ought not to be ignored, for they would take advantage of any opportunity they have, to push price lower. GBPUSD Dominant bias: Bearish On this market, the bias on the 4-hour and daily charts is bearish. The market was flat on Monday, went upwards on Tuesday, went flat again on Wednesday, and then moved south on Thursday and Friday. There is a Bearish Confirmation Pattern in the market, and GBP is expected to be weak versus major currencies this week, with a few exceptions. While it is expected that price could go more downwards, it would encounter extremely recalcitrant accumulation territories along the way, which would challenge the current bearish outlook. USDJPY Dominant bias: Bearish What happened on August 2, 2016, was the only trending movement that was witnessed on USDJPY last week – the rest was consolidation. The market closed on Friday as bulls were beginning to grow impatient with the existing situation; though their impatience would do nothing more than a short-term rally, because the bias on the market is bearish and further bearish movement is anticipated. The demand levels at 101.00, 100.50 and 100.00 would be interesting to watch this week. EURJPY Dominant bias: Bearish This cross went south gradually last week, managing to record another decline by 200 pips. There is a clean Bearish Confirmation Pattern on the cross (and also a bearish outlook on JPY pairs), and as a result of this, price is expected to continue moving south by at least 200: either gradually or speedily. Long trades are not advised unless the market situation changes. This forecast is concluded with the quote below: “Instead of trying to figure out why markets moved, ignore that and look for more trading opportunities!” - Rick Wright Copyright: Tallinex.com

AUS200 Dominant bias: Bullish AUS200 moved north by over 3700 points in July 2016, as it was anticipated. There is a Bullish Confirmation Pattern in the daily and 4-hour charts, emphasizing bulls’ hegemony. In this market, the best trading approach now is to buy short-term pullbacks whenever they happen, providing that a pullback is followed by a bullish candle. This is exactly what happened on July 5, 2016, and it was followed by a nice bullish run. SPX500 Dominant bias: Bullish This market moved upwards in bullish mode between July 4 to 20 (the dip the happened on July 5 being a “buy” opportunities for latecomers). Price then consolidated from July 20 till the end of the month. The consolidation that happened in the last few days of the month has resulted in a “box” between the support line at 2157.0 and the resistance line at 2178.5; and price would need to go out of the box for the trend to continue. Since the outlook on SPX500 is currently bullish (though bears might win before the end of this year), price would continue going upwards when it leaves the box. US30 Dominant bias: Bullish Here, price reached a low of 17709.0 and a high of 18635.0, in July 2016. That was a gain of over 920 points, from trough to peak. However, price threatened to break down last week, forming a bearish signal on the 4-hour chart, while the bias on the daily chart remains bullish. In August, a movement bellow the accumulation territory at 18200.0 would result in a bearish outlook, unless price moves upwards before reaching that accumulation territory. GER30 Dominant bias: Bullish In the last prognosis, the supply level at 10470.8 was our target for last month. From the monthly low of 9301.3, price went up more than 10,500 points, to close the month at 10350.7. While the target for last month has not been reached, it would be reached in August. Price might even be able to go above it, and gain additional 500 points after the initial target has been exceeded. FRA40 Dominant bias: Bullish From July 4 to 7, FRA40 went south, but further southward movement was rejected at the demand zone of 4057.4, after which price went northward by roughly 4000 points. There is an ongoing bullish signal in the market and price is supposed to continue trending upwards in August 2016, reaching the supply zones at 4500.0, 4550.0 and 4650.0 in this month or next. Copyright: Tallinex.com

GOLD (XAUUSD) Dominant Bias: Bullish Gold moved upwards in the first few days of July and then began to consolidate to the downside. The downside consolidated was conspicuous from July 13 to 27. But in the last few trading days, price started moving upwards gradually – an action that saves the current bullish bias in the market. Since the bias is bullish, it is normal to expect price to continue going upwards, seeing the downside consolidation in the middle of July as an opportunity to buy. SILVER (XAGUSD) Dominant Bias: Bullish Just like Gold, Silver also started July 2016 on a bullish note, but began to correct downwards in the middle of the month (especially from July 11 to 27). Price managed to end July on a bullish note, and thus, might continue trending upwards. This is a bull market, in spite of machinations of bears. In August, dips in the market would offer good opportunities to go long at better prices, for bulls might be able to target the resistance levels at 21.0000, 22.5000 and 23.0000. BITCOIN (BTCUSD) Dominant Bias: Neutral Bitcoin has become a flat market. Price has been moving sideways for weeks, though it is volatile. This kind of volatility is has not taken the market anywhere, save transient bearish movements, alternated by transient bullish movements, which are nothing significant on higher time horizons. There is currently a struggle between bulls and bears, and price would begin to trend strongly when one group is dominated, i.e. when the market goes out of balance. That is exactly what would happen in August. Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair assumed a bullish journey last week, going upwards 230 pips. Price topped at 1.1195, closing above the support line at 1.1150. There is now a bullish signal in the market, which shows the possibility of price going further upwards. As forecasted in the last article, major pairs (with the exception of GBPUSD) moved more strongly than they did between July 18 to 22. As long as USD remains weak, EURUSD would continue going upwards. In August 2016, EUR would rally against most major pairs, meeting possible challenges only against JPY and (possibly JPY). USDCHF Dominant bias: Bearish Contrary to expectation, USDCHF declined significantly because USD lost stamina. Although price initially went up by over 90 pips, almost reaching the resistance level at 0.9950, it later suffered a setback. From the high of 0.9949, price move south 300 pips, reaching a weekly low of 0.9635. There is now a Bearish Confirmation Pattern in the market: Further bearish movement is possible this week, provided USD continues its weakness. GBPUSD Dominant bias: Neutral Cable merely went sideways last week – which means the present tight equilibrium phase remains valid. A strong breakout would occur this week or next, which would result in an end to the current equilibrium phase in the market. Normally, there ought to be a movement of 500 pips to the upside or to the downside, for the equilibrium phase to end. In August, GBP would rally versus AUD and NZD, but may experience difficulties in doing so versus JPY (and possibly USD). USDJPY Dominant bias: Bearish Just as it was forecasted, USDJPY went bearish, going down 450 pips last week. Bulls fought gallantly against the bearish trend that started at the beginning of last week, but they suffered ignominious defeat on Friday. Price is expected to reach the demand levels at 101.50, 101.00 and 100.50 this week, unless some opposition arises as a result of a possible stamina in USD. Selling pressure is also visible on other JPY pairs, and it is worth mentioning that the outlook on JPY pairs is strongly bearish for the month of August 2016. EURJPY Dominant bias: Bearish Just like most other JPY pairs, this currency trading instrument went south on Monday and Tuesday, but bulls managed to halt further southward movement on Wednesday and Thursday. However, bulls gave in to bearish pressure on Friday as price nosedived by 250 pips, closing at 113.94 that day. There is a clean bearish outlook on the market and further southward journey is possible. This forecast is concluded with the quote below: “Develop and adhere to a system, not random and erratic acts of inconsistent trading.” – Louise Bedford Copyright: Tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair consolidated to the downside last week, moving south by only 100 pips and closing above the support line at 1.0950 on Friday. There is a “sell” signal in the market and price might test the support lines at 1.0900, 1.0850 and 1.0800 this week, because USD is expected to gain some stamina. Most major pairs did not move significantly last week, but movements in the markets this week would be stronger than the movements last week. USDCHF Dominant bias: Bullish Last week, USDCHF was able to maintain its bullishness despite constant threats from bears. Price did not go upwards strongly but it is now above the important support level of 0.9800. There is a major obstacle to bulls, located at the resistance level of 0.9900. Bulls have carried out failed attacks into that resistance level, and they are yet to give up doing that. This week would be decisive, since bulls must breach the resistance level at 0.9900 to avoid a clear pullback in the market. One factor in their favor is the expected stamina in USD this week. GBPUSD Dominant bias: Neutral Cable merely went sideways last week: An action that resulted in a neutral outlook in the short-term. This week will witness a serious battle between bulls and bears, for bulls would want to push Cable upwards, whereas USD might gain some strength of its own, thereby making the bullish movement a bit difficult. This week, there would be mixed results on GBP pairs, for GBP would be strong versus some currencies like AUD and NZD, while it might because weak versus other currencies like JPY. USDJPY Dominant bias: Bullish This currency trading instrument went upwards by 200 pips last week, almost reaching the supply level at 107.50. Further bullish movement was rejected at that point and price got corrected lower by roughly 150 pips. Although there is a Bullish Confirmation Pattern in the 4-hour chart, the outlook on JPY pairs is bearish for this week. This means USDJPY could get corrected lower and lower; while the only factor that could help bulls is a possible strength in USD. EURJPY Dominant bias: Bullish This cross made some effort to push price upwards. Price topped at 118.46, and the bullish effort was paused at that point. Since JPY pairs could go south this week, the demand zones at 115.50, 115.00 and 114.50, could become potential targets for bears. In case bears are able to push the market below the demand zone at 114.00, things would have turned bearish on the market. This forecast is concluded with the quote below: “Don’t let your day job keep you from indulging in the lucrative market.” – Ryan Mallory Copyright: Tallinex.com

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 13 “Writing down a trading plan and sticking to it is the winning trader's secret weapon. If you create detailed trading plans and manage risk, you will increase your chances of success. Don't think you need to trade by the seat of your pants. Take things slowly. Map out your trading plan, and follow it. You will trade more calmly, creatively, and profitably.” – Joe Ross Name: William Gann Nationality: American Date of Birth: June 6, 1878 Occupation: Trader, technical analyst and market forecaster A HIGHLY SPIRITUAL TRADER William’s dad was a cotton farmer. He started trading in 1902 when he was 24. He developed and used the technical analysis tools known as Gann angles, Square of 9, Hexagon, Circle of 360 (these are Master charts). Gann market forecasting methods are based on geometry, astronomy and astrology, and ancient mathematics. William was highly spiritual. Wikipedia says he was believed to be a religious man by nature who believed in religious as well as scientific value of Bible as the greatest book ever written. This can be repeatedly observed in his books. He was also a 33rd degree Freemason of the Scottish Rite Order, to which some have attributed his knowledge of ancient mathematics, though he was also known to have studied the ancient Greek and Egyptian cultures. You would need to do your own research to know how Gann angles work. He made profits by his own speculative efforts. He profits were real and his forecasts were accurate. William died on June 18, 1955. What You Need to Know: What you need to know about Williams was revealed by Justin Kuepper (Source: Trade2win.com) in his article of March 18, 2016. These are adapted excerpts from Justin’s article. 1. Predicting the future is impossible, right? If William Gann were around today, he’d beg to differ. His first prophecy is believed to have happened during World War I when he predicted the November 9, 1918, abdication of the Kaiser and the end of the war. Then in 1927, he wrote a book entitled "Tunnel Through The Air," which many believe predicted the Japanese attack on Pearl Harbor, and the air war between the two countries. 2. William’s financial predictions were perhaps even more profound. In early 1929, he predicted that the markets would probably continue to rally on speculation and hit new highs… until early April. In his publication, The Supply and Demand Letter, he delivered daily financial forecasts focusing on both the stock and commodity markets. As this daily financial publication gained notoriety, William published several books - most notably "Truth", which was hailed by the Wall Street Journal as his best work. Finally, he began releasing the techniques that he used to make these forecasts: the Gann studies. 3. Did he produce any results? In 1908, William discovered what he called the "market time factor," which made him one of the pioneers of technical analysis. To test his new strategy, he opened one account with $300 and one with $150. It turned out to be wildly successful: William was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time. In his article on Trade2win.com, Justin Kuepper concludes: Is it possible to predict the future? W.D. Gann probably thought so, and seemingly proved it with his wildly successful returns. The system is relatively simple to use, but difficult to master. After all, it was Gann's uncanny ability to fine-tune his techniques that led him to enormous profits - the average investor is not likely to obtain these kinds of returns. Like many technical tools, Gann angles are best used in conjunction with other tools to predict price movements and profit. This piece is ended by the quote below: “Even though I'm young by many people's standards (28 years old this April), I feel like an old soul when it comes to trading. I've already been through many stressful high-volatility periods (9/11, the 2000-2002 market collapse, the 2008 Subprime Crisis, the Euro Crisis and the Flash Crash in 2010, the Chinese stock market crash in 2015... and many others). I think these experiences help me today to remain calm and cool-headed in difficult situations. ” - William Gandini (Source: Collective2.com) Copyright: Tallinex.com What Super Traders Don’t Want You to Know: Advfnbooks.com/books/supertraders/index.html