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“It’s Monday morning. You are warm and toasty in your bed, hearing the world around you wake up. You allow yourself a little sleep in, and then pull open the curtains. Your swimming pool is shimmering in the sun light, and your outdoor lounge beckons. After a satisfying breakfast, the markets open, and you casually look to see how your trades are doing. Then you settle back on the lounge and plan out your day. On your terms. Answering to no-one but yourself. Safe and confident in the knowledge that your trades are working for you... This could be your future.” – Louise Bedford (Source: Tradinggame.com.au) In April 2016, I wrote about 3 best traders I’ve even seen. These brilliant trades aren’t stars in the world of trading, but they beat the so-called stars. Their outperformance is huge! I promised to give you an update on the result and identities of these mad geniuses. They’re really exceptional in that they even participated in another private contests, which consisted of 100 profitable traders, and they came out on top again. This happened in spite of the fact that the market conditions during the first contest was completely different than the market conditions during the second contest. So they have strategies that can survive all market conditions. I’m very happy for them. For a reminder, these are the details of their recent performances: The contestant who came first turned 2,500 USD into 1,433,480 USD (57,239.20%). The contestant who came second turned 2,500 USD into 741,365 USD (29,554.60%). The contestant who came third turned 2,500 USD into 713,076 USD (28,423.04%). The top three traders are Andris D, a Latvian; Bogdan D, an American; and LD N, also an American. This is no surprise, Americans are among the most effective traders on this planet. WHAT THE BEST TRADERS HAVE IN COMMON These traders were interviewed, as well as other profitable traders. I read the interviews myself and would like to give you tips on what they’ve in common. They were gainfully employed before they became traders They even kept their day jobs after becoming traders. One is a soccer player. One is an electrical engineer, while one is a former submariner and currently a wealth manager in a trading firm. Being gainfully employed before one becomes a trader will help one’s psychology, contrary to the impatient and risky tendency of a jobless trader. It’s good to become a trader while you’re earning a steady source of income, not when you’re jobless and destitute. Those who’ve sources of income find it easier to speculate with monies they can afford to lose. They can also make rational trading decisions because their existence isn’t dependent on a single trading capital. This goes in a sharp contrast to someone who must make profits in the markets or go hungry. When you talk about trading in the hearing of those who’ve good jobs, they’ll reply that they aren’t interested. However, when they lose their jobs, they come to trading as the last resort. This is the worst time to become traders. It’s far better to become traders when you’re comfortable, and when you become consistently profitable, you can then go solo as a trader, if you think that’s viable. They’ve years of trading experience before reaching profitability One has 6 years of experience. One has 5 years of experience; while another has 10 years of experience. This means they’d been playing the markets for long, before they got to the stage in which they can pull out profits consistently. Let me tell you a fact. It’ll take you years to master the markets personally. Anyone who tells you otherwise is fooling you. Even if you buy a good trading system, you’ll need some experience to use it successfully. The way an experienced trader applies a trading system is different from the way a rookie uses a trading system. Don’t think you’ll come to trading and start making consistent profits right away. It’ll take you some years to do that. They go into trading to make money This is why we become traders: We want to make money. The major reason these geniuses become traders is to make money, and they craved profits badly enough. They wanted better living standards. They wanted financial freedom. They were aware that trading brings wonderful opportunities. But you don’t make money because you want money. You make money because you’re persistent, perseverant, diligent, and patient. You need to crave success badly enough. They use manual and automated strategies Manual strategies are good. Automated strategies are good. There is a genius who made huge money based on manual trading only. There is a genius who made huge gains based on automated strategies only. As long as you control your risk, stick to your rules and approach trading rationally, you would be victorious. They’ve vowed never to quit trading Whether the going is good or bad, these exceptional traders look forward to trading forever (until they drop dead). Unlike undisciplined traders who threaten to quit when they face drawdowns and promise to continue when they see positivity, these profitable traders have decided to continue trading, come rain or shine. Would you keep on being a trader, moving forward in your journey to success? Or would you stop being a trader because of the current roadblocks? Would you give what it takes to ensure that you reach consistent profitability? May you be given the wisdom to make decisions that would make it possible for you to be a testimony to others in future? Conclusion: Maximiliano Lepez’s college professor once told him he was foolish for thinking he could beat the markets. That statement was enough to discourage many people from trading, or who would not take a word of a college professor seriously? But Maximiliano didn’t allow himself to be discouraged. He went to the battlefield of the financial markets and became a proficient trader, using algorithmic strategies. He’s the last laugh. This article is ended by the quote below: “It’s a matter of finding an approach that works for the individual. A person has to know whether they are comfortable with fundamental or technical, long term or short term, certain types of markets, wider risk or less risk… You can go through a whole checklist of things and find it’s different for each individual.” - Jack Schwager Source: www.tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair made some bullish attempt in the first few days of last week. Price rallied 300 pips, testing the resistance line at 1.0850, before it began a serious bearish movement. The bullish gains that were initially made last week, were eventually lost as price plummeted, to close just above the support line at 1.0550, after testing it. The market outlook is bearish for this week, since EUR is expected to continue its weakness while USD would continue gathering stamina. There is a possibility that EUR would reach parity with USD in a foreseeable future. USDCHF Dominant bias: Bullish Last week, USD/CHF moved sideways from Monday till Wednesday, and then started moving upwards on Thursday, in conjunction with the extant bullish bias. Price tested the resistance level at 1.0200, and later closed below it. The outlook on the market is bullish for this week; price could reach the resistance levels at 1.0250 and 1.0300. However, it would also be seen that CHF is rallying versus some major currencies, which may prove to be a challenge for the bullishness of USDCHF. GBPUSD Dominant bias: Bearish Cable went upwards on Monday and Tuesday, reached the distribution territory at 1.2750. Price attempted to stay above that distribution territory, but the attempt was rejected as a southwards movement began, which eventually posed a threat to any bullish signal in the market. Price would move further southwards this week, going below one accumulation territory after the other. The outlook on GBP pairs is bearish for the week. USDJPY Dominant bias: Bullish USD/JPY consolidated from December 5 to 7, and the rallied on December 8 and 9 (though the consolidation started earlier than that). Since the low of November 9, the market has gone up by 1400 pips, and this would continue. As it was forecast every week in the last three weeks, the outlook on this market, and as well as other JPY pairs, remains bullish. The supply levels at 115.50, 116.00 and 116.50 could be reached this week. EURJPY Dominant bias: Bullish There is a conspicuous Bullish Confirmation Pattern on this trading instrument, albeit it is currently volatile. Price has recently swung up and down in the context of an uptrend, but the overall movement would be bullish. The targets for the week are supply zones at 122.00, 122.50 and 123.00, which were all tested last week. The major reason why price is generally bullish here is because there is a serious weakness in Yen, and as long as the weakness continues, EUR (which is weak on its own), would manage to keep on going upwards against it. This forecast is concluded with the quote below: “Trading and markets have been a major part of my life for almost 60 years. Trading has been the means through which my family and I have received many blessings.” – Joe Ross Source: www.tallinex.com

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 22 “It never ceases to amaze me the impact that controlling your losses has on your performance.” – Chris Tate Name: Crispin Odey Date of birth: January 31, 1959 Nationality: British Website: Odey.com A QUALIFIED LAWYER BECOMES A TRADER Crispin was born in east Yorkshire and educated at Harrow School. His dad had been a head boy at that school. Crispin went to Oxford and got a degree in history and economics, after which he qualified as a lawyer. But instead of practicing law, he joined Framlington fund managers. He also worked at Baring, managing the Baring European Growth Trust. He founded Odey Asset Management in 1991, a London-based hedge fund. He’s now a partner at the firm, which has about $9.3 billion under management, and Odey personally running $4 billion of assets. George Soros was one of the original seed investors of the firm, investing $150 million in it. Crisping has been successful overall, but there were times he was wrong, like the year 1994, when he suffered a considerable amount of loss on his funds. Nevertheless, he thrived, like the year 2001, for he foresaw that the value of insurers would rise after the September 11 attacks on New York. He once worked closely with Hugh Hendry, thus the quip, “Odey in the 1990s was a one-man band; Odey in the 2000s was a two-man band.” In 2008, he made lots of money from bear markets of the year, growing by 54.8% and paying himself 28 million GBP. He’d shorted some banks, getting called a “Big Business Shot.” Whenever he lost some money, he lost some investors and his net worth declined. Whenever he made some money, he gained some investors and his net worth increased. Trading is a lifelong career. As of 2015, Crispin was worth £1.1 billion GBP, jointly with wife. He’s married to Nichola Pease. He lives in Chelsea, London and has a house in English Bicknor. What You Need to Know: 1. Crispin’s multi-billion hedge fund has world leading investors and has an exceptional performance record across their conventional and hedge fund portfolios. You've got to look at assumptions behind markets long before you look at markets. 2. To be a successful long term investor you must think like an owner - know when to take risk and when to preserve capital, according to Crispin. You need to preserve your capital and generate superior returns eventually. 3. Losses are great teachers. A loss may wipe you out. Another loss would teach you how to survive and another loss would bring you profits and enjoyment. 4. Your qualifications don’t matter much when it comes to being a great trader. When it comes to speculation, History degree is far more useful than a CFA [Chartered Financial Analyst]. 5. When you got great talent and skills and flexibility, you’ve control over your life. You may be under a boss, but eventually you may need to stand out on your own. Crispin broke away from Barings to found his own business at time when some felt that the private client side was playing second fiddle to the institutional business. Anyone with creativity had to operate outside the system. 6. Good traders have a knack for finding setups that would do well in spite of the vagaries of the markets. These markets are very hard to read, but some instruments would give you clear signals and you have to trade with confidence. 7. “Investment styles need to adapt as opportunities change. Living in investment denial must be avoided - if an investment is not working, we won't wait until it does,” says Crispin. 8. Good traders and investors are pretty good at making money; plus don't take too much out, either. 9. Other business also have their risks. Many people suffer in other areas of human endeavors. Crispin’s dad made money as an entrepreneur and then lost it because he broke his own rules. You’ll need to take your time to make money, thinking like the opulent. Don’t look for quick riches. 10. Genius traders fall and rise up again. A good trader may suffer a temporary loss, loss of revenues and loss of investors. Nonetheless, they would eventually grow, grow revenues and gain new investors. 11. You don’t know when a downtrend or an uptrend would end. Those who chase the market lose money, and those who get chased by the market make money. You need to stay ahead of the market. This article is ended with a quote from Crispin: “What we do is work very hard not to lose money. We don't live with hope in the portfolio; we live with fear. Our view of the market now is: Take care of the downside, and let the upside take care of itself.” Source: www.tallinex.com Super Trading Strategies: http://www.advfnbooks.com/books/supertradingstrategies/index.html

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD consolidated throughout last week – in the context of a downtrend. A closer look at the market reveals that there has been some consolidation to the upside, and there would be some bullish attempt this week. EUR would rally versus most other major currencies, save USD, which is expected to continue strengthening this week. There are resistance lines at 1.0750 and 1.0800. There are also support lines at 1.0550 and 1.0500. USDCHF Dominant bias: Bullish This pair also consolidated last week; while consolidation to the downside is revealed by a closer look. USD would remain strong this week, and would be seen going upwards against certain major currencies. The challenge is that CHF would also make some rally attempts this week, and thus, USDCHF may find it somewhat difficult to rally massively. There are resistance levels at 1.0150 and 1.0200. There are also support levels at 1.0050 and 1.0000. GBPUSD Dominant bias: Bullish Cable ended a two-week equilibrium phase by breaking out significantly. The breakout was well anticipated and it ended up favoring bulls, as price went up 330 pips last week, slashing through the accumulation territory at 1.2700 and closing above it. This week, Cable would rally versus certain majors (like NZD and AUD), and of course, it is currently rallying against USD. This is something that may continue, but not without challenge from bulls. USDJPY Dominant bias: Bullish This currency trading instrument experienced some bullish movement last week. Price went up 300 pips, testing the supply level at 114.50, and unable to go above that supply level. Price underwent some bearish correction on Friday, but the bullish outlook is far from over. In fact, the outlook on the market this week is also bullish, and further northwards journey is expected. Price would need to go above the supply level at 114.50, and then continue towards the supply levels at 115.00 and 115.50. EURJPY Dominant bias: Bullish This cross underwent a smooth northwards movement last week, topping at 121.88, before closing below the supply level at 121.50. There is a Bullish Confirmation Pattern in the market and further bullish movement could be witnessed this week. There are possible bullish targets at the supply zones of 122.00, 122.50 and 123.00. On the other hand, the demand zones at 120.00 and 119.50 should try to hinder vivid pullbacks this week. This forecast is concluded with the quote below: “Over the coming weeks and months, many excellent short, medium and long-term trading opportunities for low risk Forex trades will present themselves. Now is the time to put together your game plan with multiple edges to profit from these trending currency pairs… Whether you want to open investment positions (using the weekly or daily chart), swing trade the 4-hour chart, or day trade the 5 minute charts, the opportunities are going to be plentiful. With these nascent trends, the leverage, the liquidity, and the 24-hour-trading the Forex market offers, you have to ask yourself: why aren’t you trading currencies yet?” - Gabriel Grammatidis (Source: Vantharp.com) Source: www.tallinex.com

REWARD VERSUS MEANING Trading success does not follow a linear trajectory, success ebbs and flows with good times and bad times. If you trade for long enough you there eventually will come a time when you question the decision you have made to become a trader. It all seemed so easy initially and there was never any consideration as to what could possibly go wrong. This is a natural part of the journey and it is a watershed moment because those who understand their own motivations will have sound concrete reasons for continuing. Those who do not or whose motivations could be termed shallow or materialistic in nature do not and it it those who do not who will most likely give up. Often when I ask people why they want to trade I get the overwhelming and immediate response – MONEY. After all this is a money profession – the aim of trading is to accumulate wealth through whatever approach suits your personality. It could be options or FX trading, or position trading equities. This pursuit of wealth as a sole driver is the reason why advertising in this industry is directed to switching on this particular hot button. Money or the accumulation of wealth has always been a strong societal driver. In technical parlance money is known as an extrinsic motivator – that is you do something right – you get a reward. It is a very Pavlovian arrangement. This arrangement is after all is the basis for capitalism. Traders are often caught in this trap believing that this is an exchange for labour profession when it is actually an ideas profession. This is a natural mistake because of all of our socialisation has lead us to this point. We have been lead to believe that labour be it in whatever form it takes is exchanged for money and money is the extrinsic motivator. Granted, some are highly motivated by such rewards since careers are built on this sort of behaviour manipulation but trading is not really a career it is in my eyes more of a lifestyle choice. Unfortunately many fail to see beyond this as an initial motivation. The issue with money as a motivator is that the subconscious cannot recognise what this means so it has no context for it. Therefore it cannot be integrated into ones psyche – it remains if you wish an outsider sitting on the sidelines attempting to steer what you do. But no matter what import you give to it as a motivation it is still an outsider and cannot directly influence the trajectory of your behaviour. The issue with this lack of integration is that eventually it will trip you up – the subconscious has a remarkable ability to go in the direction that it wants to go in. Not in the direction you think it should go in. And you and your trading suffer the consequences of this. In part this disconnect relates to the notion of the shadow which is an integral part of Jungian psychology. Essentially the shadow is the darker more destructive parts of ourselves which our conscious mind does not identify. And it these parts that often brings traders unstuck – the expression that is often bandied about is snatching defeat from the jaws of victory. Over the past three decades I have lost count of the number of traders I have seen who have been on the cusp of making it only to do something stupid. Sometimes the better angels of our nature lose the battle. To be successful at trading there is a need to integrate all of our beliefs, desires, and motivations into a cohesive whole as opposed to a jumble of vague ideas which revolve around money. Money as a motivation will fail to survive the first set back you have and there will be set backs since these are also part of the game. It is only deeper motivations that enable us to move on after being literally put on our arse by the market. To think that this will never occur is naive in the extreme but once again the industry itself is to blame since it only promises the new Ferrari not that you might end up actually catching the bus. A deeper reflection on why people want to trade reveals something other than money. And these answers reveal the true nature of the trader. Some relate to control of one’s life, others to time and having more of it. Others to what they will be able to do in the long term with their family. Such motivations are intrinsic; they are part of the fabric of the trader. Trading is merely a vehicle to fulfill these deeply held aspirations. The motivations that each person brings to a certain endeavor or choice is idiosyncratic and will not translate to someone else. Your goals only have meaning to you but this is the central issue, they have to be your goals and not someone else’s and this clashes directly with the way we have been brought up. The structure of our lives is largely built around fulfilling the goals others, be it doing what you we told at school through to following the instructions of your employer. Getting rich was often the payoff for following someone else’s instructions. It is not a value or meaning in and of itself. This is an important distinction because true motivations are based around meaning and not reward – Both Great change and great resilience comes from internal motivations and the strongest of these spring from the search for meaning. This means that the search for meaning is an internal search. You do something because you want to do it not because you will get a reward for it. Internal motivation brings about meaning and purpose and therefore adherence and dedication. Finding purpose in your own goals is a new experience for many since it is reflective of what you want from your life not what someone else’s either wants from you or wants for your life. This means that you have to undertake the hard task of writing down your meanings – what is your purpose in wanting to follow a certain path. It requires you to have your own philosophy and to be able to articulate what this is. This is the hard part – articulating what you want and you should be able to do this even if it is a struggle. Meaning has its own motivating qualities. I firmly believe that it is impossible to motivate someone irrespective of what the industry that has sprung up around positive thinking will tell you. Motivation and therefore reliance stems from meaning since true meaning cannot be dimmed by external events whereas simply being driven by a desire to have a Porsche by next Thursday will not survive the first hurdle. Author: Chris Tate Article reproduced with kind permission of http://tradinggame.com.au/ www.tallinex.com wants you to be a successful trader

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Last week, this pair moved largely sideways in the context of a downtrend. A break out of the sideways movement should happen before the end of this week (or next week), which would most probably favor bears. Although this pair is expected to continue its bearishness, especially in December, some bullish effort would take place, which may enable price to go upwards by 200 pips or more, before seeing another bearish correction, eventually. Time would tell whether EUR would reach parity with USD. USDCHF Dominant bias: Bullish Just like EURUSD, USDCHF also consolidated throughout last week, in a context of an uptrend. A breakout should happen before the end of this week, ending the current consolidation. Price is supposed to target the resistance levels at 1.0200 and 1.0300. On the other hand, bullish effort on the part of EURUSD might force USDCHF to retrace temporally southwards, towards the support levels at 1.0100 and 1.0000. GBPUSD Dominant bias: Neutral GBPUSD went flat throughout last week. The flat movement started about two weeks ago and it has resulted in a neutral bias in the near-term, while the major trend in the market remains bearish. A rise in momentum is expected this week, which would most probably favor the dominant bearish trend. The outlook on GBP pairs is bearish for this week, and thus, further southwards movement is expected on GBPUSD. USDJPY Dominant bias: Bullish USDJPY is currently one of the strongest moving currency pairs. Price went upwards 310 pips this week, topping at 113.89, before getting corrected a bit lower on Friday. Since November 9, price has gone upwards by over 1200 pips; plus the outlook on the market is bullish for this week, again (the outlook is also bullish on other JPY pairs). Therefore, occasional pauses and corrections are supposed to be transitory this week, as price goes further north. EURJPY Dominant bias: Bullish This is also a bull market – owing to the strong Bullish Confirmation Pattern present in it. Price went north 250 pips last week, after consolidating on Monday and Tuesday. The supply zone at 120.00 has been tested, and it might be broken to the upside this week, owing to the ongoing buying pressure in the market, brought about by persistent weakness in Yen. After the supply zone at 120.00 is overcome, the next targets would be the supply zones at 130.00 and 140.00. This forecast is concluded with the quote below: “Trading and markets have been a major part of my life for almost 60 years. Trading has been the means through which my family and I have received many blessings.” – Joe Ross Source: www.tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair went downwards last week, going below the resistance lines at 1.0650 and 1.0600. Since November 9, price has come down more than 700 pips, leading to a very strong bearish bias on the market. There is a possibility of further downwards movement, which could enable price to reach for the support lines at 1.0550, 1.0500 and 1.0450. This expectation would hold only as long as USD does not showcase any noticeable weakness. USDCHF Dominant bias: Bullish USDCHF moved upwards by 215 last week. Price managed to go above the psychological level at 1.0000, now at the resistance level of 1.0100. Price has gone upwards reluctantly so far, and there is a possibility that it would make further bullish effort this week. There is another potential target at the resistance level of 1.0200, but the further the market goes upwards, the higher the chances of a large pullback. The bullish bias would hold as long as USD does not lose stamina. GBPUSD Dominant bias: Bearish GBPUSD underwent a vivid bearish correction throughout last week – an action that has resulted in a bearish signal in the short and long terms. Long trades are currently not prudent in this market, unless price action reveals that things are conspicuously bullish. Right now, the market is in a downtrend, and only short trades should be sought. Rallies would offer opportunities to go short at better prices. USDJPY Dominant bias: Bullish There is a strong Bullish Confirmation Pattern on USD/JPY. Since the low of November 9, the pair has shot skywards by over 960 pips. Apparently, this is one of the strongest directional movement in recent months, and the supply levels at 111.00, 111.50 and 112.00 could be attained this week. The outlook on JPY pairs remains bullish for this week (just as bullish movements were forecast for most JPY pairs last week). EURJPY Dominant bias: Bullish This cross also went bullish last week, fuelled by the buying pressure in the market, and as a result of weakness in Yen. Because Yen is so weak that, even weak currencies like EUR and GBP could manage to rally versus it. In case a currency is strong in its own right, just like the case of USD, the rally against Yen would be strong and fast indeed. As long as Yen does not become strong conspicuously, the northward movement on EURJPY would continue. The supply zones at 118.00 and 118.50 are being watched this week. This forecast is concluded with the quote below: “YOU are the biggest factor in your trading success…” – Dr. Van. Tharp Source: www.tallinex.com

Trading For Sure Profits Rule-based discretionary traders are among the best traders on this planet. The trading strategy explained here is a rule-based discretionary system. Similarly, the fact that the majority of traders fail does not mean that trading is a dead end activity. Traders who are successful prove otherwise. Occasional losses leading to transient drawdowns are inevitable but not insurmountable challenges in trading. The secret to success lies in developing a deep love for trading and a willingness to apply trading principles that work. Trading principles that work are non-market specific. For a strategy to survive all market conditions, it must have three ingredients incorporated into it: aborting losers and capitalizing on winners, very low risk, and rock-solid discipline. These are the secrets of trading masters – trading success has nothing to do with your ability to predict the markets accurately. If you give yourself a sensible reward-to-risk ratio, you will survive the markets in the long run. For instance, it does not make sense to risk $20 in an effort to gain $2. These secrets are what make the difference between financial freedom and financial disaster – the difference between solvency and bankruptcy. The Pedigree of a Good Strategy It is very disturbing that so many traders find it difficult to survive on the markets. Many top market speculators are perplexed by a new generation of traders who do not seem to have a clue about the skills necessary to preserve their trading portfolios. The issue is: even if you are disciplined, it would be difficult for you to survive with a worse expectancy system, i.e. a system whose risk is greater than the reward. And checking complex data ad infinitum is not so sensible for simple markets either. Good trading strategies are the ones that survive all market conditions. This kind of strategy must be effective in sustaining minimal drawdowns when the market conditions are not favorable – while making a decent profit during favorable market conditions. Whether a strategy is trend-following or countertrend or scalping, it will survive all market conditions provided that those simple but effective principles are incorporated into it. The markets eventually reward those who show an earnest quest for trading mastery. Winning Strategy for Short-term Trends: https://learn.tradimo.com/a-sure-fire-forex-strategy Breakdown of the Strategy Timeframe: Trading style: Indicators parameters: Buy rule: Sell Rule: Position sizing: Stop loss: Take profit: Trailing stop: Risk per trade: Potential reward per trade: Max. weekly drawdown: Safety rule: Filter rule: Instruments names: Average orders per week: Orders type: Signals generation periods: Winning Strategy for Short-term Trends: https://learn.tradimo.com/a-sure-fire-forex-strategy www.tallinex.com wants you to be a successful trader

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair started a bearish movement on Monday, which was briefly interrupted by a massive rally, caused by the U.S. presidential elections results. Price rallied 280 pips on Wednesday and started coming down that day, forming a Bearish Confirmation Pattern in the market. The support line at 1.0850 is almost being breached to the downside. While the support lines at 1.0850 and 1.0800 could be breached this week, there is also a possibility of rallies in the market (especially when USDCHF pulls back again). USDCHF Dominant bias: Bullish USDCHF moved sideways on Monday and Tuesday, and plunged seriously on Wednesday, November 9. The bearish plunge was quickly recovered as price rallied massively 290 pips that day, from a low of 0.9549, leading to a bullish signal in the market. Price could now target the resistance level at 0.9900, 0.9950 and lastly, 1.0000. However, a great challenge remains at the resistance level at 1.0000, which is a psychological level. In case price is unable to go above that psychological level, there could be a clear bearish correction. GBPUSD Dominant bias: Bullish Cable remains bullish in the near term, and bearish in the long term. The market is quite choppy, having consolidated from Monday to Thursday (in the context of a near-term uptrend), and then going upwards vividly on Friday. Further upward movement is anticipated this week, as the bias on the market remain bullish. The distribution territories at 1.2650, 1.2700 and 1.2750 may be targeted this week. The distribution territory at 1.2650 was tested last week, and it could be tested again, and a northward movement of 500 pips more, would cause a bullish signal in the daily chart also. USDJPY Dominant bias: Bullish As it was forecast last week, JPY pairs really made bullish attempts. The bullish journey started on Monday and it was briefly interrupted on Wednesday as there were temporary massive sell-offs on USDJPY. Price plunged by roughly 400 pips on Wednesday and rallied on the same day, plus Thursday, and consolidated on Friday. The market is currently above demand levels at 106.00 and 106.50, targeting the supply levels at 107.00, 107.50 and 108.00 this week. The outlook on most JPY pairs remains bullish for this week (with possible exceptions of AUDJPY and NZDJPY). EURJPY Dominant bias: Bullish The movement on this currency trading instrument was not as strong as that of USDJPY. The market is quite choppy while the outlook on it remains bullish. Should EUR gather some stamina this week, there could be more predictable bullish movement. Initial targets on the upside are the supply zones at 116.50 and 117.00. For price to go above these targets, persistent buying pressure is needed. This forecast is concluded with the quote below: “Take every trade that the system generates because you do not know where the returns are going to be generated.” – Chris Tate Source: www.tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the weekly low of 1.0935, this pair went upwards by over 200 pips, to close above the support line at 1.1100 on Friday. Price is now close to the resistance line at 1.1150, and a breach of that resistance line would enable price to go towards another resistance lines at 1.1200 and 1.1250. As long as the support line at 1.1000 is not broken to the downside, the bullish signal, which has formed in this market, would remain valid. USDCHF Dominant bias: Bearish USD/CHF was unable to go above the psychological level at 1.0000. An attempt to do that on October 25 was quickly forestalled – even before that psychological level was even tested. It has been mentioned that failure to breach the level might result in a serious pullback, and that was exactly what happened. Price pulled back significantly last week, to close below the resistance level at 0.9700 on Friday. This 210-pip bearish movement has resulted in a Bearish Confirmation Pattern in the market and further price decline is a possibility this week (unless USD gathers some stamina). GBPUSD Dominant bias: Bullish Following a few weeks of consolidation, GBPUSD rallied massively last week. Price went upwards 370 pips, to test the distribution territory at 1.2550. The bias has already turned bullish in the short term (though it would take another 1000-pip movement to the upside, before the bias on the daily chart can turn bullish). Right now, there is a strong buying pressure in the market and this should continue this week. Unless USD gathers lots of stamina, bulls would be able to reach the distribution territories at 1.2650, 1.2700 and 1.2750. USDJPY Dominant bias: Bearish USDJPY consolidated on Monday and then plummeted on Tuesday. While going south, the demand level at 102.50 was almost tested, and this has brought an end the recent bullish bias. The demand level at 102.50 would eventually be tested, and probably breached to the downside. However, there is also a possibility that JPY pairs would make some bullish attempts this week, which could also be reflected on USDJPY. EURJPY Dominant bias: Bullish This trading instrument did not move very much last week. Unlike USDJPY, it was engaged in a slight bearish correction in the middle of last week; and the corrective actiion was ended on Friday as the market closed on a bullish note. This week, whatever happens to EUR would have some impact on the market. Before the end of the week, price would have gone either above the supply zone at 115.50 or below the demand zone at 113.50. This forecast is concluded with the quote below: “I'm a full time trader. Nothing else…For all of you guys that think trading full time isn't possible, well I'm here to tell you it is. I actually met another full time trader the other day at the basketball court (trading for 20 years) and he trades millions of dollars. So I don't understand why people think that trading full time a myth...” – MarketAddict (Source: Elitetrader.com) Source: www.tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair moved sideways last week, and then traded upwards on Friday. However, that was not significant enough to result in any bullish signal. The bias on the market remains bearish, and what happened on Friday could turn out to be a short-selling opportunity. The outlook on EUR pairs is bearish for this week, and therefore EURUSD would keep on being bearish. Price may thus test the support lines at 1.0900, 1.0850 and 1.0800 this week. The only thing could help bulls here is a large pullback on USDCHF, which is not likely this week. USDCHF Dominant bias: Bullish This trading instrument has managed to climb above the resistance level at 0.9900, before bears pushed back the price below it. The market has been consolidating for two weeks, though the bullish outlook remains valid. The outlook on USD is bullish for this week and this month, which means most major currencies would be weakened against it. USDCHF would make bullish attempts but there is a very difficult resistance level at 1.0000, which would require lots of buying pressure to breach. Should bulls fail to breach that resistance level, a pullback may materialize. GBPUSD Dominant bias: Bearish Cable has been moving sideways for two weeks, which has resulted in a neutral bias in the short-term. The long-term bias is bearish, and when momentum rises, it may favor bears. The outlook on the market is bearish for this week, and rallies should be disregarded, for they would be transitory and cannot be significant enough to bring an end to the current long-term bearish outlook. In November, large movements would be witnessed on GBP pairs, and they would undergo bearish movements in most cases. USDJPY Dominant bias: Bullish As it was mentioned in the last forecast, USDJPY has become bullish. Price moved upwards by 170 pips last week, to test the supply level at 105.50. The bearish correction that was seen on October 28 was just another opportunity to buy long when things are on sale, in the context of an uptrend. The most probable movement for JPY pairs is bullish for this week, though the situation may change before or by the end of November. EURJPY Dominant bias: Bullish In spite of the weakness in EUR, the EURJPY cross rallied by 230 pips last week. Price closed at 115.11 on Friday, after forming a clear Bullish Confirmation Pattern in the 4-hour chart. The current price action shows that bulls are still willing to push price further north, which may make price to reach the supply zones at 115.50, 116.00 and 116.50 this week. After all, it is expected that JPY pairs would make some bullish attempts in the week. This forecast is concluded with the quote below: “Earning a trading income compared to earning an occupation income is just so damned rewarding!” – Louise Bedford Source: www.tallinex.com

Larry Robbins: Trading with a Great Sense of Responsibility WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 20 “It sounds attractive to try and make a quick buck, but like anything else, real money is made by slowly compounding your returns.” - Andrew Beattie Name: Larry Robbins Age: 47 Nationality: American Occupation: Portfolio and hedge fund manager A COMMITTED, ILLUSTRIOUS INVESTOR Robbins was born into a Jewish family, in Arlington Heights, Illinois. He was a hockey star while in college. One source says he graduated with honors from the Jerome Fisher Program in Management and Technology at the University of Pennsylvania in 1992, where he received a B.S. in Economics with concentrations in accounting, finance, marketing and a B.S in Engineering, with a major in systems engineering. He became a Certified Public Accountant in 1991. Following his graduation, Larry worked at Gleacher & Company, spending three years there. He worked at Omega Advisors (for Leon Cooperman), spending six years. He left Omega Advisors, establishing his own firm, Glenview Capital Management, in 2000. This firm has been so successful, averaging 15% returns of net of fees per annum. As of July 2014, Glenview Capital Management had about $9.2 billion of capital under management. Larry was worth US$ 2.3 billion in December 215. He became involved in various charitable activities, and he’s an active supporter of education reform both in New York City and across the U.S. He’s also the Senior Chair of the Wall Street Division of the UJA-Federation. He’d four sons by his former wife, Amy Robbins. He lives in Alpine, New Jersey, with his current wife, Sarahmay Wesemael. He’s won awards. What You Need to Know: 1. It’s no surprise that Larry doesn’t use stops in his trades. There are many traders who don’t use stops and are hugely successful. However, using stops is safer. What does he also do differently? He holds stocks for years, being an investor; and perhaps, that’s one of the reasons why he survives the market in the long run without using stops. 2. Larry said: If you really want to be a good investor, you cannot just be involved, you have to be committed. It’s not about what you did before but about… persistence and continuity of work effort. 3. When you’re affected by a bad trading outcome, you’ll need to take it as a lesson. Most traders who lose may be young and inexperienced. They don’t realize how risky it is to walk into the waters without proper knowledge. But those who’ll end up making money in the markets don’t give up… They take what happen to them as a great education. 4. Larry believes trading isn’t just a job, it’s a passion, though it was almost by accident that he went into the hedge fund and investment business. 5. As a trader, think like an owner, not like a trader. 6. A trader who’s been engaging the markets for 12 years is obviously one that has had some success. That success is what allows traders to be responsible and philanthropic. Conclusion: Gainful speculation is not that hard on paper – know where to buy and where to sell when price looks to be going in your favor. Really, you got to know what it means to buy at a demand zone and sell at a supply zone. You got to know the meaning of doing this. Traders interpret demand and supply zones differently. When they look at the chart, they come with various decisions. You simply need to find ways to survive the markets while doing your own market analysis. This article is ended with a quote from Larry: “I don’t think that I have met someone who is very good in the investment business who isn’t hard-working, bright, talented, and focused.” Source: www.tallinex.com Super Trading Strategies: http://www.advfnbooks.com/books/supertradingstrategies/index.html

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by over 100 pips last week. Price has dropped by more than 300 pips since October 10, resulting in a Bearish Confirmation Pattern in the market. The outlook on EURUSD (and other EUR pairs) is bearish for this week. Therefore, slow and steady downward movement is expected on EURUSD and the support lines at 1.0850 and 1.0800 could be tested this week. Rallies would proffer opportunities to sell short at better prices. USDCHF Dominant bias: Bullish Bulls laid a decisive siege at the support level at 0.9900 (formerly a resistance level) from October 12 to 20. It was already forecast that bulls would not find it easy to break the level at 0.9900 to the upside. On October 20, bears gave way to the persistent bullish pressure, partly due to existing stamina in USD. Price was able to close above the support level at 0.9900 after testing the resistance level at 0.9950, and retracing. This week, further bullish movement is possible in the market, because USD is strong and because CHF would be weak this week. Some currencies would rally versus CHF and this would help USDCHF to go more northward, though a significant bullish movement is not likely. GBPUSD Dominant bias: Bearish GBPUSD made a shallow rally attempt from Monday to Wednesday and then consolidated till the end of the week. As it was hinted in the last forecast, this week would witness more volatility on GBP pairs when compared to last week. This means the present consolidation on GBPUSD would end as momentum rises, though the outlook on GBP pairs is bullish for this week. In case GBPUSD rallies, we would not anticipate a serious threat to the extant dominant bias in the market. USDJPY Dominant bias: Bullish USDJPY went sideways throughout last week – a situation that could be termed a sideways movement in the context of an uptrend. The outlook on JPY pairs is bullish for this week, and USDJPY might be able to rise towards the supply levels at 104.50, 105.00 and 105.50. This is a situation that could lead to a strong Bullish Confirmation Pattern in the 4-hour chart. The supply levels at 103.00 and 102.50 would serve to restrict large pullbacks this week. EURJPY Dominant bias: Bearish There is a bearish signal on this trading instrument, as price dived by 170 pips last week. One great factor that has contributed to this bearish signal is the weakness in EUR itself, and the only factor that could effect any rally on this instrument is the fact that Yen could become weak (thereby causing JPY pairs to rally this week). In case EUR becomes weaker than Yen, price would fall further. A factor that causes Yen to become weaker than EUR would bring some rally in the market. This forecast is concluded with the quote below: "When you understand the rules of the game, you can play the game like a master..." – James Altucher Source: www.tallinex.com

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 Source: www.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 Source: www.tallinex.com

An Accurate Friday Strategy for Forex and Binary Options Revolutionize Your Trading Career The purpose of this strategy is to show you how to trade most important fundamental figures that come out on Fridays. The strategy focuses on CAD and USD pairs only. It would only take you a maximum of 15 minutes per week. It comes with about 75% accuracy. The strategy is very simple and easy to familiarize oneself with. This strategy makes you to: Understand the strategy and use it in real market conditions Apply the strategy with good results on Binary Options Apply the strategy also on Forex markets, if you trade Forex Spend far less time in the markets, while improving your results According to babypips.com, Fridays are among worst times to trade, because liquidity dies down during the latter part of the U.S. session. Well, this statement is correct, but there is one wonderful strategy that can take advantage of the unpredictable nature of the markets on Fridays. This is what the strategy here is all about, and it could be one of the most wonderful things you will come across in the world of trading. Fridays are always quiet in the currency markets, unless some fundamental figures are released. Even employment figures from USA and Canada tend to have transitory effects in some cases. This is why some people believe it is difficult to trade on Fridays. However, the markets have symmetry; whatever can bring losses to traders can also bring profits. Please get more information here: Friday Market Tamer: https://learn.tradimo.com/friday-market-tamer Details of the Strategy Strategy name: Friday Market Tamer Strategy type: Financial markets: Forex and binary options Suitability: Good for part-time traders Time horizon: Indicators: Buy setup: Sell Setup: Recommend risk per trade: Stop loss: Take profit: Risk-to-reward ratio: Trailing stop: Breakeven stop: Trade duration: Hit rate: Filter: Maximum number of trades every Friday: This piece is ended with the quote below: “The answer to why a market moves is always an imbalance in supply and demand. So, why was there an imbalance in supply and demand? Most of the time we will never know! It could be a news event was a catalyst, but often the price reaction to news is tough to figure out. Trying to figure out the specific “why” may cause you to miss trades, so I personally don’t bother.” – Rick Wright Please get more information here: Friday Market Tamer: https://learn.tradimo.com/friday-market-tamer www.tallinex.com wants you to make money from the markets.

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 Source: www.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 Source: www.tallinex.com

“Soon, though, I became aware that there was an even bigger game available to players like me. It was, in fact, the biggest game in town -- the international financial markets. So my interest shifted from playing cards to playing the markets.” - James Frazer Someone in a West African country - a young man - had exhausted all means of getting a reliable livelihood, including hard manual labor. He resorted to commercial motorcycle riding. At least, he was able to get some money to feed his family. One day, he’d a near fatal accident, and got confined to bed for weeks. I thought he’d never go back to commercial bike riding. I was wrong! Since he thought he’d no alternative, he went back to that job. The young man went back to a job that nearly claimed his life because he’d no alternative; yet many quit trading because they lost negligible amount of money. People suffer ignominious defeat in other areas of their life and careers, and they don’t see any big deal in that. Nonetheless, they see a big deal in trading losses and they think there are better alternatives. There are many people who tried to discourage me from trading when I started. These were people who were considered intelligent and successful in other fields, like religion, education, politics, etc. For example, one respected religious man told me that he didn’t want to become a trader because he knew those who wanted to make heaven shouldn’t trade. What a totally wrong opinion about trading? That statement could discourage ignorant people from attaining their potential as traders. The man later sent me a personal email, asking me to remove him from my mailing list because he wasn’t a “businessman,” and he wasn’t interested in trading. I quickly removed him from my mailing list. He later blocked me on Facebook because he didn’t want to see some of my posts, which obviously related to trading. I wasn’t deterred by his actions, for I knew his actions were also lined with envy. I knew he wasn’t the one to feed me or carry my responsibilities for me. He’d his own responsibilities and he’d even be glad if someone like me offered him some cash. Years later, the same man was surprised that I’m still a trader, with a measure of success. I even sent him some money recently. He was grateful for the gift. When Should You Become a Trader? Now is the time for you to decide to become a trader. You chances of success are greater than you can imagine. How can this be possible? I’ll reveal the secrets in my coming articles. Most people come to trading as a last resort: When they’re completely down, when they’ve nothing to rely on and they’ve exhausted other possibilities. This is a wrong time to become a trader, since the financial pressure on you would make it impossible to trader with sane logic and rationality. It’s better for you to become a trader when you’ve another sources of income. When you know that some initial challenges you encounter wouldn’t endanger your wellbeing (and perhaps, that of your family). When you’re supported by your family, your life as a trader would become easier. Joe Ross, a trading veteran, once said his wife suggested that he write down what he knew about trading so that his children could learn in the event they ever wanted to take up trading. What he wrote at that time became his first book. Joe Ross clearly had support from his family. What a blessing! Don’t Give Up Trying to Become a Successful Trader Several years ago, when I encountered initial challenges in trading, I was tempted to give up. However, I was lucky to come across some things that encouraged me to keep on going. I knew I’d no better alternatives than trading. Now I’m happy to be a trader. I can only look forward to a brighter future. Trading success is sweet, liberating and enriching. There are numerous known and unknown traders all over the world, who make decent profits on monthly and annual basis. They won’t exchange this wonderful privilege for anything! By not giving up trying to become a successful trader, you’ll soon experience the joy of financial freedom that comes with trading. Conclusion: Many a good trader has survived the point at which chicken-hearted people quit, and has been rewarded. If we also imitate such determined traders, we’d survive whatever the hurdles we come across and we’ll enjoy rewards greater than what people think we can enjoy. This article is ended with the quote below: “Roald Amundsen says: Adventure is merely bad planning. I have talked about Amundsen before and focused in particular about how his success as an explorer was a function of his obsessive planning. What strikes me about people who are successful in very difficult fields is that they all share similar traits, attributes or philosophies. Much the same could be said about traders and trading/. If you are find trading an adventure or it is exciting/stressful then you are most likely doing it incorrectly.” – Chris Tate (Source: Tradinggame.com.au) Source: www.tallinex.com

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EUR/USD moved sideways last week, from Monday till Thursday, and then broke downwards by 85 pips on Friday. Had price failed to break downwards on Friday, the bias would have become neutral in the short-term. Now, the bias is bearish, and price might test the support lines at 1.1100 and 1.1050 this week. This bearish bias would be valid until the resistance line at 1.1300 is breached to the upside. USDCHF Dominant bias: Neutral Although this pair trended upwards on Friday, September 16, the movement was not significant enough to cause a clear bias on the market. Price has tested the resistance level at 0.9800, and it has almost breached it. A movement above the resistance line at 0.9850 would result in a bullish bias, and a movement above the resistance level at 0.9900 would result in a stronger bullish bias, although it would be a kind of difficult for bulls to move price above that level (0.9900). A movement below the support level at 0.9650 would cancel the neutral bias and result in a bearish signal. GBPUSD Dominant bias: Bearish GBPUSD dropped 280 pips last week, closing below the distribution territory at 1.3000 on Friday. The bias on the market is bearish in the long-term and the short-term. There is a Bearish Confirmation Pattern in the market and price is expected to reach the accumulation territories at 1.2950, 1.2900 and 1.2850 this week (unless something fundamental changes the stance). GBP pairs, except EURGBP, are currently bearish. USDJPY Dominant bias: Neutral This instrument moved within volatility contraction throughout last week, which has resulted in a neutral bias in the near-term. Price moved within the demand level at 103.50 and the supply level at 101.50. This week, the most probable direction is southwards, which would become visible as momentum increases in the market. There is a strong indication that JPY pairs would go bearish this week, just in conjunction with the long-term bearish outlook on them. EURJPY Dominant bias: Bearish This cross pair went down on Monday and went up on Tuesday. On Wednesday, price topped at 116.08, and began to move south from that day until the market closed on Friday. That was a southward movement of about 200 pips, which has brought about a bearish signal in the market. Since the outlook on JPY pairs is bearish for this week, it is possible that the demand zones at 113.50 and 113.00 would be tried this week. This forecast is concluded with the quote below: “It's tempting to tell ourselves that “it’s OK to wait” and “the market will always be there” – as we give ourselves excuses for not taking the next trade. But let’s face facts. If you sit on the sidelines for too long, you may just miss out on the opportunity that will double your trading equity.” – Louise Bedford Source: www.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) Source: www.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) Source: www.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 Source: www.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)

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