Month: October 2013

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How Many Candlestick Should I Look ?

How many candlestick should I look at to make trading decisions effectively? Ever have this question burning in your mind? This article is to help solve this question. First of all, candles are nothing but reflections of thoughts of the major players in the market. Before I go in depth to explain my views, let…

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Are You A Trader Or A Gambler

There is a fine line which separates one from trading and one from gambling. Sad to say you may might now be treating the market like your own personal casino without even knowing it. With the advancement of the internet, virtually anyone can start a trading account to kick start their trading. How would you…

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NZDUSD 25.10.2013 Trade Result

NZDUSD 25.10.2013 Trade Result

I managed to sell NZDUSD at two level’s. The first at 0.8438 as mentioned in my mandate dated 24.10.2013 (to view the mandate click here) and the second sell order at 0.8441. I took first level profit at 0.8372 as planned and left the rest of the entry. My next target would be 0.8225 and…

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NZDUSD 24.10.2013 Outlook

NZDUSD 24.10.2013 Outlook

The NZDUSD has been on an uptrend for about one and a half months. Recent price action suggested that the uptrend has found a resistance when near 0.8557. Price however did not test the 0.8557 area. I would prefer to sell NZDUSD at 0.8557 but since a sell signal has emerged, I would sell at…

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