All Blog Posts (1,487)

How to Determine Where the Real Support and Resistance are Everyday     

  

Understanding support and resistance levels is an extremely important technical skill in any market, and I think it's absolutely critical if you plan on trading the S&P E-Mini market. Professional Floor Traders are aware of an entire range of major and minor support and resistance levels before the market opens each day. They also know how to…

Providio's Daily Futuresd Market Commentary



HEADLINE COMMENTARY:…

Hey, did you hear the one about the banker that pilfered over $1billion from his clients and got away with it? Oh wait, that’s not a joke – it’s real life. How about a proverb: Give a man a gun and he can rob a bank – give a man a bank, and he can rob the world. Oh wait, that’s real life too!



Last week came word from US regulators that neither Jon Corzine, nor any of his senior management, will be prosecuted for stealing $1,000,000,000.00+ of client funds to back their terrible…

Avoiding Mental Sabotage



I have heard that 95% or more of all traders ultimately fail.

Have you ever wondered why?…

EUR/USD: Technical Analysis

Earlier forecasts, expecting that retracement below 1.2360/50 level would indicate bigger possibility of resuming downtrend, confirmed. The price plummeted and is now testing 1.2270 level, which is the first barrier, protecting 1.2270-1.2230 support range, mentioned earlier as the key barrier on the way down. Indicators are bearish, suggesting further decline and giving reasons to expect the above mentioned support to be breached. If it…

Providio's Daily Futuresd Market Commentary



HEADLINE COMMENTARY:

14August Another day of generally modest, Summer doldrums action.

Some…

(Like a Zombie, not much changes…) While comparing zombies and our current “walking dead” stock indices yesterday I said “…I mentioned the day’s preposterously low volume with a better close.  By the way, at the close of the session, the ES had more aggressive sellers than buyers…and it managed to keep from liquefying into a bowl of zombie…

Candlesticks & Engulfing



Candlestick charts have all kinds of potential patterns that technicians are watchful for. One of the easiest to spot is an engulfing pattern. This set-up consists of two candlesticks, one of which is “engulfing” the previous one. That…

EUR/USD: Technical Analysis

Overall the outlook has turned bearish for eurodollar now that the pair has broken down below the 1.2300 level and back into its channel. My preference is for a continuation down to trend-line support at 1.2215 particularly if the 1.2360 lows are broken. Signs of short-term strength, however, could act as a spoiler, with a double-bottom on the hourly chart and a break above 1.2305 triggering a rally up to 1.2345 – possibly taking bears by…

EUR/USD: Technical Analysis

Eurodollar is still stuck plum in the centre of a range. Currently it is falling and looks set to re-test yesterday's 1.2325 lows and probably even reach support at 1.2305. A bearish topping pattern has also formed. As stated before a break below 1.2300 would be a very bearish sign and open the way to 1.2210; whilst a breach above 1.2386 could see a short-covering recovery to the range highs at 1.2445.…

If an expereinced Trader wold like a very keen protegee from Australia, could you please contact me as I would love the assistance and personal contact...thanks sooo Much Cheers Wallis