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Tuesday, August 29, 2017

Big Sofa Tech – a good bearish market

Big Sofia Tech stock (LSE:BST) is a good bearish market. This has happened after some protracted sideways movement that was seen in the past several months, especially in the months of April to June 2017.


The ADX period 14 is above the level 30 and close to level 40, suggesting a strong momentum in the market. The DM- is above the DM+, showing that bears reign. The MACD, default parameters, has both its histogram and signal lines below the zero line. There is a Bearish Confirmation Pattern in the market, and price is supposed to continue going downwards in spite of the upwards bounce that is being experienced right now.

Big Sofa Tech is in a bearish trend and it is expected that it would continue to trend southwards.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng



Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

Which direction will Empyrean go next?

Empyrean shares (LSE:EME) have been consolidating to the downside since July. This follows the strong bullish rise that was witnessed in June. Before that, the market was in a tight equilibrium phase.

The price is now almost below the EMA 21, while the Williams’ % Range period 20 is in the oversold region. When price goes clearly under the EMA 21, and the Williams’ % Range remains around the oversold region, there would be a good “sell” signal and price would continue going southwards.

Once the condition in the preceding paragraph is met, Empyrean would be expected to reach the demand levels at 8.00, 6.00 and 4.00 within the next several months.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 
                                               





Monday, August 28, 2017

NETELLER: Withdrawal rates to be reviewed at the end of August 2017

We just wanted you to know that our NETELLER withdrawal rates for sellers would be reviewed at the end of this month. As from September 1, 2017, a new price would be in force.

Price review is a sensitive thing, and we don’t want to increase and decrease our rates at will, without notifying our customers (unlike other exchangers).



The review would enable us to continue to serve you in efficient manner, and to give our buyers the best rates they can get.

We want to assure our sellers that, no matter what happens, they’ll continue to get the most competitive rates in Nigeria from us.

AT THE END OF THE MONTH, PLEASE LOGIN ON INSTANTFOREX.COM.NG TO SEE THE NEW WITHDRAWAL RATE.

Instaforex.com customers, Tallinex.com customers, and our VIPs would continue to fund/withdraw at the rates they see on our two websites (links below).

THE PROMO FOR BUYERS ENDS TODAY, AFTER WHICH YOU’D BE ABLE TO FUND YOUR NETELLER WALLETS AT NEW RATES WE’LL ROLL OUT.

Please contact us if you have any questions.



To see our current rates, please visit www.ituglobalfx.com.ng 

To fund and withdraw with Neteller, please visit www.instantforex.com.ng 


  
                                                                                                                    
Traders’ Mindset: Traders' Mindset




  

Sunday, August 27, 2017

Daily analysis of major pairs for August 28, 2017

This USD/CHF pair is bearish in the long-term, butt neutral in the short-term. The bearish breakout that was seen on August 25 was not significant enough to override the short-term neutrality in the market, unless price breaks the support level at 0.9550 and 0.9500 to the downside, which would happens as the EUR/USD journeys upwards. A sharp rise in the USDCHF would happen only when there is a sharp drop in the EUR/USD.

EUR/USD: The EUR/USD moved sideways last week (being neutral in the short-term and bullish in the long-term). Price broke upwards on Friday, thus creating a bullish signal, and as a result of this, the resistance lines at 1.1950 and 1.2000 would be targeted. The resistance line at 1.2000 could try to impede further bullish movement at that point, for there is also a possibility of price coming downwards before the end of the week.



USD/CHF: This pair is bearish in the long-term, butt neutral in the short-term. The bearish breakout that was seen on August 25 was not significant enough to override the short-term neutrality in the market, unless price breaks the support level at 0.9550 and 0.9500 to the downside, which would happens as the EUR/USD journeys upwards. A sharp rise in the USDCHF would happen only when there is a sharp drop in the EUR/USD.

GBP/USD: The GBP/USD has lost roughly 450 pips this month, and the upwards bounce that was seen on Friday was not significant enough to threaten the overall bearish movement. The outlook on GBP pairs for this week, and for the month of September, is bearish. Thus it is expected that the bearish movement in the market would continue as price targets the accumulation territories at 1.2850, 1.2800 and 1.2750.

USD/JPY: This currency trading instrument is neutral in the short-term and bearish in the long-term. The strong movements that are being seen on some other JPY pairs seem not have any impact on the USD/JPY. There is an expectation of further bearish movement this week, and this month. The outlook on JPY pairs is bearish for the week and for September.

EUR/JPY: This cross did something interesting last week, in that it started making bullish effort at the beginning of last week, and the effort became so significant on Friday. Price closed above the demand zone at 130.00, targeting the supply zone at 130.50 (The market closed at 130.39 on Friday). This week, the market could gain another 200 pips, but it would eventually come down, owing to a general bearish outlook on JPY pairs.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


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Saturday, August 26, 2017

Weekly Trading Forecasts for Major Pairs (August 28 – September 1, 2017)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bullish
This pair is neutral in the short-term, but bullish in the long-term. Price moved sideways from Monday to Thursday, and then broke upwards on Friday.  Price gained roughly 150 pips that day, closing above the support line at 1.1900. The bullish movement could take price towards the resistance lines at 1.1950 and 1.2000. The resistance line at 1.2000 would try to impede any bullish movement beyond it, for the outlook on EURUSD is bearish for this week (following some visible bullish effort).

USDCHF
Dominant bias: Neutral
USDCHF is bearish in the long-term, and neutral in the near-term. The market consolidated mostly last week, save for the bearish breakout that was witnessed on August 25. Since the movement of this pair is dictated by whatever happens to EURUSD, it is expected that further downwards movement would be witnessed as long as EURUSD goes upwards. This can enable price to go below the support lines at 0.9550 and 0.9500, thus ending the ongoing near-term neutrality. A sharp drop in EURUSD price would bring about a meaningful rally on USDCHF. 



GBPUSD
Dominant bias: Bearish
Since the beginning of this month, GBPUSD has lost about 450 pips, going southwards. There is a Bearish Confirmation Pattern in the market, which could not be threaten by the rally that took place at the end of last week. In fact, the rally would act as a good opportunity to sell short at slightly higher prices, for the outlook on GBPUSD is bearish for this week. In September, GBP pairs would be mostly bearish (though some rallies would be witnessed in certain cases).

USDJPY
Dominant bias: Bearish
This trading instrument was caught in an equilibrium phase last week – though the major outlook on the market is bearish. The weakness in USD has prevented a meaningful rally in the market, and bullish effort would continually be thwarted as price goes further downwards. Further bearish movement is anticipated this week, for the demand levels at 109.00, 108.50 and 108.00 would be aimed. Rallies should either be ignored or approached with caution.

EURJPY
Dominant bias: Bullish
Both in the short-term and the long-term, this cross is bullish. Some conspicuous rally attempt was started at the beginning of last week, and that culminated in a strong rally that was seen on Friday, as price closed at 130.45. A “buy” signal has already been generated, and that may enable price to go upwards by another 200 pips this week. However, the outlook on JPY pairs is bearish for this week and for September, and thus, whatever goes up on EURJPY cross will eventually come down.  

GBPJPY
Dominant bias: Bearish
GBPJPY was quite choppy in July. Nonetheless a smooth bearish movement began in August, and price has been going steadily southwards since the beginning of the month, losing 700 pips. On Thursday and Friday, some bullish correction was seen, but that has paled into insignificance when compared to the overall bearish bias on the market. This week, price is supposed to continue its bearish movement. The demand zones at 140.50, 140.00 and 139.50 would be reached. They may even be exceeded.


This forecast is concluded with the quote below:

“Trading is a collaborative endeavour between you and the market. The market offers up opportunities on a regular never ending cycle and you decide what you will do with these opportunities. There is no enemy in this transaction; it is a symbiotic relationship and a failure to accept this is at the root of many of the problems that traders have.” – Chris Tate





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InstaForex TV – embrace the world of Forex

InstaForex invites you to browse one of the most popular sections of the Forex broker’s official website – InstaForex TV.

InstaForex TV represents up-to-date online television devoted to all aspects of the foreign exchange market.



InstaForex TV is a large-scale resource that contains video tutorials, regularly updated financial news, analytical reviews, presentations of new products and services, interesting interviews and exciting video travel guides to world’s cultural and financial hotspots.

The whole content of the InstaForex TV section has been gleaned by professional analysts, so that you get only informative and up-to-the-minute releases.

For our customers’ convenience, the section is translated into three languages, including Russian, English, and Malay. Moreover, all the materials are both in video and text formats.

InstaForex TV includes:

Forex news
Video reviews of financial markets
Experts’ comments and interviews
Economic calendar
Video tutorials
Geography with InstaForex




NETELLER at Parallel Market Rates
We offer Neteller at parallel market rates for those who open Instaforex.com accounts with us.  That means you can fund or withdraw Neteller as often as you wish at parallel market rates, as long as you place at least, one trade per month. Buy at: N385/$. Sell at: 355/$.

To open an Instaforex account with us (a minimum of 20 USD), please register on www.instantforex.com.ng and follow this link to open an account: https://www.instantforex.com.ng/realaccount.php   



Traders’ Mindset: Traders' Mindset
  

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Friday, August 25, 2017

Do you see trading as fun and games?

“One thing very good traders have is insight into themselves.” - Chris Tate


FUN AND GAMES
Recently Louise Bedford and I have been doing the Short Term Trading Magic seminars in a few places and it has been sometime since I did any form of presentation on a semi regular basis. As such it has been interesting to observe people as they work through various trading issues.

One of the things I have noted is that people take trading far too seriously and this is reflected in a form of desperation. Desperation is the antithesis of the state of mind you need to be in to trade effectively.

There is no deny that this is a phase everyone enters at some stage in their career but to be successful you need to move beyond this and begin to treat trading as the game that it is. Once I started treating trading as a game then it became so much easier on the soul and my results reflected this. I even have a t-shirt that says that the fewer fucks I give the more I make.



This is not to say that I am reckless but rather that I am in no way wedded to the outcome of any trade. At its core my life will not change if a trade or even a cluster of trades are winners or losers – they are simply not that important. When compared to real life, trading is nowhere near as important as people think it is.

It is often commented that children are better are learning new things than adults who seem set in their ways. I am not so certain that this is a reflection of any great cognitive superiority or plasticity that the young may have but rather a reflection of their willingness to be both wrong and to play. Young children have no ego therefore the mistakes that their play generate have no impact upon their sense of self-worth. As adults we lose this resilience because we believe that it is somehow catastrophic to our self-image if we do make mistakes.

But in trading your mistakes are your own – no one else can see them so you are insulated from the judgment of others. This isolation gives you the freedom to be wrong but the only thing you have to cope with is your own judgment.

 Markets are a wonderful universes for exploration and for play. The presence of micro contracts in various instruments and online trading mean that you experiment very cheaply.

The price of admission to the fun park is much lower than it used to be and the number of rides has gone through the roof. It is a shame that more traders don’t view trading as little more than a theme park where you can play to your heart’s content and during the process of playing you learn much more than you would if you were consumed by seriousness and desperation.


Author: Chris Tate

Article reproduced with kind permission of: http://tradinggame.com.au/


More trading quotes are below:

“To my way of thinking trading is an internal endeavour – there is no external enemy who you can deceive or overpower since markets only exist in the most ephemeral way inside your head. Markets may appear to be physical constructs but they are largely an illusion, trading occurs inside your head where your own perceptions and distortions of reality influence your decision making.” – Chris Tate

“The one thing you shouldn't feel pressured about is trading. If you do feel that way, you probably need to take a step back and reassess. Pressured trade(r)s don't make good trade(r)s.” – Joe Ross


www.tallinex.com wants you to be a successful trader 



 Traders’ Mindset: Traders' Mindset
  

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Wednesday, August 23, 2017

Provident Financial Group – Pigs have been slaughtered

Pigs have been slaughtered in Provident Financial Group market (LSE:PFG). Who are the pigs? They are buyers who continue to hold onto their losing positions in spite of a clear indication that the trend is no longer in their favor.

The stock gapped downward in June 2107, ending the pervious protracted equilibrium phase in it; and since then price has been going downwards.


This month, price went below the lower Trendline and then gapped downwards – massively! The RSI period 14 is in a very overbought territory.

There may be transitory pauses and rallies along the way, but PFG is expected to continue trading lower and lower and lower.

In this market, bulls stay aside. Bears make money, and pigs get slaughtered.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

                                                

Scancell Holdings: A Golden Cross Has Just Occurred


Breaking news! A Golden Cross has just occurred on Scancell Holdings shares (LSE:SCLP). It happened forcefully this week, and that has heralded the end of the recent bearishness in the market, as bullishness has occurred.


4 EMAs are used for the analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

All the EMAs were preciously trending downwards, owing to the bearish trend that was seen in the last several months. The forceful and violent bullish breakout we have just witnessed has pushed price above the EMA 200. A Golden Cross has occurred. Bulls now reign.

The EMAs 10, 20 and 50 would soon start going upwards as Scancell Holdings continue going upwards, reaching the supply levels at 17.00, 19.00 and 20.00 within the next several weeks.



Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 
                                               


Monday, August 21, 2017

InstantForex: Buy NETELLER @375/$ (Offer Expires August 28, 2017)

Hello Traders:

It’s time to reward our buyers.

The first person to buy Neteller after this message goes out will get N375/$, no matter the amount.

If you buy a minimum of 1000 USD worth of Neteller, you get N375/$.

If you buy a minimum of 500 USD worth of Neteller, you get N385/$.

If you buy a minimum of 100 USD worth of Neteller, you get N390/$.

If you buy below 100 USD, you get the usual N398/$.

All our VIPs, Tallinex.com and Instaforex.com customers get a flat rate of N375/$, no matter the amount they buy (a minimum of 20 USD).


THIS OFFER EXPIRES ON AUGUST 28. After that, prices would go back to their previous levels.





  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

ANNOUNCEMENT: Our latest VIP is Bashorun Adewunmi Idris


 “Remember me for this also, O my God, and show mercy to me according to your great love.” – Nehemiah 13:22


INTRODUCTION
Whenever I come across an honest Nigerian, I cry.

It’s not easy to find an honest person in this country, in spite of our religiosity. Desperation and economic recession have affected sanity of many people.

If someone isn’t dependable in little things, how can they be entrusted with great things? You’d see people being dishonest in a matter pertaining to as little as N500. It’s a pity.

For example, sellers of corn (whether boiled or roasted) will assure you that the corn was harvested today, and it’s often a lie. They’re used to telling lies because they want to sell. Corn that was harvested today usually have a unique, pleasant taste.

In all my entire years on this planet, I just recently came across an elderly woman, in my neighborhood, who told me the corn she wanted to sell to me was harvested on the previous day, not that day. She told me the truth when I asked her if the corn was harvested that very day. The woman is a member of Deeper Life Bible Church. She told the truth at the risk of losing customers. That kind of honesty is very rare.

Tears of joy welled up my eyes.

Needless to say, I bought the corn.

Fact: No matter what foreigners think about us; no matter how bad the image of this country is, there are honest Nigerians.



OUR POLICY
@Ituglobalfx.com.ng/Instantforex.com.ng, honest is our policy. We don’t steal customers’ funds. When a customer send us cash, they’re confident their cash is safe and their order would be processed. When they send us e-currencies, they know we can’t run away with their sweat – we process their orders. When even refund customers whose orders can’t be processed.

The only way for us to survive is to be honest with our customers. Without that, this business would collapse.

BASHORUN ADEWUNMI IDRIS
Last week, we wanted to pay a customer who was withdrawing Neteller through us, but we made a mistake and sent the money to another customer. It was a substantial amount of money, but we weren’t aware that we made a mistake.

The customer is BASHORUN ADEWUNMI. He quickly called us and told us that he received some money while he didn’t do any transaction with us. We checked our records and realized our mistake. It was a surprise. BASHORUN ADEWUNMI refunded the money.

You see, in this rotten society, doing bad things is a matter of choice. Some people do many bad things and use economic problems as excuses; whereas some people refuse to do bad things in spite of their conditions. It’s a matter of choice.

In my teenage years, I did much manual labor to keep the body and soul together. The future was bleak, and I could have chosen to be a thief, for there were many things that could be stolen. However, I chose never to be a thief.

It takes a spirit of God/high moral principles, for you not to take what doesn’t belong, when you have a clean opportunity to do so. 

BASHORUN ADEWUNMI could’ve chosen not to refund the money. He refunded it. He deserves to be rewarded permanently. These are his rewards:


BASHORUN ADEWUNMI IDRIS – Our lastest VIP

1.      The next time he sells either Neteller or Perfect Money to us, we’ll give him N370/$ (no matter the amount he sells to us).

2.      He’s automatically become our verified customer, and he doesn’t need to upload any documents or register again on www.instantforex.com.ng. His details have been put in our records.  

3.      He’s become our VIP, which means he’ll buy and sell Neteller at parallel market rates, at any time. The rates are displayed on our 2 websites. This is a permanent decision.

4.      His good deed is being announced to all our customers, and posted on our social media accounts, including online forums, on which we’re active.


Normally, we choose only 2 VIPs per annum, but BASHORUN ADEWUNMI deserves to be honored.

Conclusion: No matter what we do to compensate him, it’s only the Almighty God that can give him the greatest rewards, and therefore we pray Nehemiah’s prayers for him:

“Our dear Bashorun Adwunmi Idris, may the Almighty Creator remember you for this good deed, and your honesty, and continue to show you mercy and favor, to you and all you family members, according to His great love.”



To see our current rates, please visit www.ituglobalfx.com.ng


To fund and withdraw with Neteller, please visit: www.instantforex.com.ng
The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.