Paul Tudor Jones is the founder of Tudor Fund and is regarded as one of the best traders of our time. Here are some of his best takes on trading, investing and capital management:
1. “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”
2. “Intellectual capital will always trump financial capital.”
3. “Every day I assume every position I have is wrong.”
4. “Losers average losers.”
5. “You adapt, evolve, compete or die.”
6. “Trading is very competitive and you have to be able to handle getting your butt kicked.”
7. “The whole world is simply nothing more than a flow chart for capital.”
8. “At the end of the day, the most important thing is how good are you at risk control.”
9. “Always think of your entry point as last night’s close.”
10. “I will keep cutting my position size down as I have losing trades. When I am trading poorly, I keep reducing my position size. That way, I will be trading my smallest position size when my trading is worst.”
11. “Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
12. “Markets trend only about 15 percent of the time; the rest of the time they move sideways.”
Saturday, March 31, 2018
Friday, March 30, 2018
Commodity Trading with ActivTrades
Among the highly unsteady and volatile stock market and uncertainty in global currencies, commodities represent an appealing market segment.
To start trading the commodity market, you will need to find a commodity licensed broker like ActivTrades and open an account with them. Once you do this, you can quickly access global markets and experience the thrill of joy by trading commodities.
ActivTrades is a commodity broker that offers a lot of commodities at your convenience. You can trade coffee, soybeans, gas, oil, sugar and more.
The trading conditions are suited for both experienced and inexperienced traders allowing custom leverage up to 1:400, no hidden fees and the platform is available for PC, smartphones and tablets.
To find more details, go here.
To start trading the commodity market, you will need to find a commodity licensed broker like ActivTrades and open an account with them. Once you do this, you can quickly access global markets and experience the thrill of joy by trading commodities.
ActivTrades is a commodity broker that offers a lot of commodities at your convenience. You can trade coffee, soybeans, gas, oil, sugar and more.
The trading conditions are suited for both experienced and inexperienced traders allowing custom leverage up to 1:400, no hidden fees and the platform is available for PC, smartphones and tablets.
To find more details, go here.
Wednesday, March 28, 2018
NZD/USD Breakout
The New Zealand Dollar was pressured by a downside risk yesterday. As a result, the NZD/USD exchange rate breached the lower boundary of a short-term ascending channel.
A strong resistance cluster set by the monthly pivot point and the 55– hour simple moving average near 0.7279 sent the price movement further south.
However, this decline could find support at the 200-hour SMA at 0.7237. In the meantime, the currency exchange rate is likely to continue its bearish movement until it encounters support either at the aforementioned SMA or the weekly pivot point at 0.7222.
This week no more important news are expected so the pair might continue trading sideways based on technicals.
Chart: NZD/USD H4
A strong resistance cluster set by the monthly pivot point and the 55– hour simple moving average near 0.7279 sent the price movement further south.
However, this decline could find support at the 200-hour SMA at 0.7237. In the meantime, the currency exchange rate is likely to continue its bearish movement until it encounters support either at the aforementioned SMA or the weekly pivot point at 0.7222.
This week no more important news are expected so the pair might continue trading sideways based on technicals.
Chart: NZD/USD H4
Tuesday, March 27, 2018
USD/JPY Continues Decline
After reaching a new 2017/2018 low of 104.67 late on Friday, the US Dollar picked up momentum and had therefore shot up to 105.80 by Tuesday morning.
This rapid change in sentiment was due to investors re-gaining confidence in global markets and thus relocating their funds from safe-haven currencies, including the Japanese Yen. The Greenback dashed through the 55– and 100-hour SMAs and the weekly pivot point during the previous session and, at the time of this analysis, was testing the 200-hour moving average.
This line is located near the weekly resistance and the prevailing trend-line circa 106.00. It is likely that bulls do not have sufficient strength to overcome this resistance after yesterday's surge, thus allowing for a minor decline today. A possible downside target is the 55-hour SMA at 105.00.
Chart: USD/JPY H4
This rapid change in sentiment was due to investors re-gaining confidence in global markets and thus relocating their funds from safe-haven currencies, including the Japanese Yen. The Greenback dashed through the 55– and 100-hour SMAs and the weekly pivot point during the previous session and, at the time of this analysis, was testing the 200-hour moving average.
This line is located near the weekly resistance and the prevailing trend-line circa 106.00. It is likely that bulls do not have sufficient strength to overcome this resistance after yesterday's surge, thus allowing for a minor decline today. A possible downside target is the 55-hour SMA at 105.00.
Chart: USD/JPY H4
Gold Posts New Gains
Gold continues to appreciate against the US Dollar for the sixth consecutive session. Despite a few hours of consolidation on Monday morning, the yellow metal managed to gather momentum and push towards the 1,355.00 mark mid-session.
Further climb did not follow, as it was restricted by the monthly resistance and the senior channel. As a result, the pair failed to reach the upper boundary near 1,360.00. Even though technical indicators are still flashing bullish signals, they are gradually moving away from the overbought territory.
Thus, some bearish pressure could prevail in the market today. This scenario would be confirmed by a breakout of the 55-hour SMA and the short term channel. A possible trading range for today is the 1,345.00/1.360.00 area.
Chart: XAU/USD H4
Further climb did not follow, as it was restricted by the monthly resistance and the senior channel. As a result, the pair failed to reach the upper boundary near 1,360.00. Even though technical indicators are still flashing bullish signals, they are gradually moving away from the overbought territory.
Thus, some bearish pressure could prevail in the market today. This scenario would be confirmed by a breakout of the 55-hour SMA and the short term channel. A possible trading range for today is the 1,345.00/1.360.00 area.
Chart: XAU/USD H4
Friday, March 23, 2018
USD/CAD Consolidation
The US Dollar has been trading in a medium-scale triangle against the Canadian Dollar. The currency pair made a swing during the European trading session on Friday due to the US data released.
As a result, the pair lost 87 basis point. The USD/CAD exchange rate was primarily guided by the 55-hour simple moving average on Friday.
Two scenarios are likely to happen within the next 24 hours. First, the rate could reverse from the lower boundary of the medium-scale triangle for a re-tested of the SMA. Second, continue to decline until it finds support at the weekly pivot point at 1.2704.
USD/CAD looks to have a steady sailing next week with events pretty much off the table.
Chart: USD/CAD D1
As a result, the pair lost 87 basis point. The USD/CAD exchange rate was primarily guided by the 55-hour simple moving average on Friday.
Two scenarios are likely to happen within the next 24 hours. First, the rate could reverse from the lower boundary of the medium-scale triangle for a re-tested of the SMA. Second, continue to decline until it finds support at the weekly pivot point at 1.2704.
USD/CAD looks to have a steady sailing next week with events pretty much off the table.
Chart: USD/CAD D1
NZD/USD Moves Higher
Bulls continue their dominance over the NZD/USD exchange rate. As shown on the chart, the New Zealand Dollar is gradually moving upward against the US Dollar.
After hitting the 50.00% Fibonacci retracement level, the currency pair made a U-turn north. However, the 200– hour simple moving average was restricting the rate from making any further gain. This retracement can be measured by connecting the high at 0.7263 and the low at 0.7154.
As for near future, the currency exchange rate is likely going to continue its bullish movement until it breaches the monthly pivot point at 0.7261.
The 200SMA acts like a strong support at 0.7181 and if that level is breached we could see the pair visit the psychological level of 0.7000.
NZD/USD
After hitting the 50.00% Fibonacci retracement level, the currency pair made a U-turn north. However, the 200– hour simple moving average was restricting the rate from making any further gain. This retracement can be measured by connecting the high at 0.7263 and the low at 0.7154.
As for near future, the currency exchange rate is likely going to continue its bullish movement until it breaches the monthly pivot point at 0.7261.
The 200SMA acts like a strong support at 0.7181 and if that level is breached we could see the pair visit the psychological level of 0.7000.
NZD/USD
Thursday, March 22, 2018
Gold Steady
Gold is not showing any aggressive moves these past few days as price appears to have settled around $1,318-$1,310. The precious metal has not been registering any news from the US or EU as currencies fluctuate with higher than usual volatility.
Bears may try to take the price down to the 200SMA which would equal $1,290. Currently, price is below the 50SMA and just over the 100SMA, marking a turning point.
Bulls will need weak data coming out of the US in order for them to try and bring the price to first resistance level of $1,365.
On the other hand, if bears dominate the field, they will move price towards the 200SMA and if this level is breached, Gold is exposed to lower prices around $1,240-$1,230.
Chart: XAU/USD D1
Bears may try to take the price down to the 200SMA which would equal $1,290. Currently, price is below the 50SMA and just over the 100SMA, marking a turning point.
Bulls will need weak data coming out of the US in order for them to try and bring the price to first resistance level of $1,365.
On the other hand, if bears dominate the field, they will move price towards the 200SMA and if this level is breached, Gold is exposed to lower prices around $1,240-$1,230.
Chart: XAU/USD D1
Wednesday, March 21, 2018
USD/JPY Consolidates
The US dollar has been trading sideways against its peer, the Japanese Yen. The pair is slowly tumbling down from its high levels and has currently settled around 106.20. If the selling pressure continues, market participants can expect the exchange rate to reach the levels around 105.50 - 105.15 as this would indicate a potential double bottom and create pressure to the upside.
If that level is broken, we can expect 103.50 to sustain the bearish momentum and put the asset into an upside turn.
On the upper hand, if we can get positive US data this week, the pair might surge to first bull target at 107 and short term target at 107.90.
Chart: USD/JPY H4
If that level is broken, we can expect 103.50 to sustain the bearish momentum and put the asset into an upside turn.
On the upper hand, if we can get positive US data this week, the pair might surge to first bull target at 107 and short term target at 107.90.
Chart: USD/JPY H4
EUR/CAD Moves Lower
EUR/CAD has been trading to the downside for the past couple of days as the pair reached a low of 1.5920 starting from a high of 1.6140 in the early trading hours yesterday. Currently, price is trading at 1.5944 and as it seems, Euro bears are not yet done selling.
We can expect further move to the downside as selling pressure intensified today after bulls made a move to 1.6020 and then bears overcame the battle and again brought the price below the psychological level of 1.60.
Major bear target is expected at 1.55 while milestones before that point are the levels of 1.57 and 1.5620.
Chart: EUR/CAD H4
We can expect further move to the downside as selling pressure intensified today after bulls made a move to 1.6020 and then bears overcame the battle and again brought the price below the psychological level of 1.60.
Major bear target is expected at 1.55 while milestones before that point are the levels of 1.57 and 1.5620.
Chart: EUR/CAD H4
Friday, March 16, 2018
NZD/USD Drops Further
The movement of the New Zealand Dollar on Thursday was guided mainly by SMAs. The rate breached both the 200-hour simple moving average and a support cluster set by the weekly and monthly pivot points near 0.7277.
It is likely that the NZD/USD price could continue to diminish next week's first trading session. However, this bearish momentum might be hindered by the border of a downtrend channel. Technical indicators flash mixed signals.
Nevertheless, it is expected for the currency pair to reverse north for a re-test of the aforementioned cluster. Next week the pair might try to reach the level above 0.73 to the upside and 0.7150 to the downside.
Chart: NZD/USD H4
It is likely that the NZD/USD price could continue to diminish next week's first trading session. However, this bearish momentum might be hindered by the border of a downtrend channel. Technical indicators flash mixed signals.
Nevertheless, it is expected for the currency pair to reverse north for a re-test of the aforementioned cluster. Next week the pair might try to reach the level above 0.73 to the upside and 0.7150 to the downside.
Chart: NZD/USD H4
ActivTrader Platform
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This is why ActivTrades has taken care of all traders' needs by providing all-in-one solution with their ActivTrader Platform. It is available for desktop and mobile. Easy to use platform with wide range of instruments accompanied by advanced charting and many tools to boost your trading experience.
You can open a new account or try a demo for free so you could familiarize yourself with any detail and research into the opportunities the platform present. For all interested, click HERE.
Thursday, March 15, 2018
NZD/USD Down
The New Zealand Dollar has continued to decline against the US Dollar. The currency pair has breached both the 55– and 100-hour SMAs. Nevertheless, the overall dominant ascending channel is still holding.
Given that the NZD/USD pair is moving towards the lower boundary of the dominance channel, a breakout is likely to occur within the next 24 hours. However, it is important to note that the rate could encounter a support set by the 200-hour simple moving average near 0.7289.
Everything being equal, the currency exchange rate could trade in a low volatility until the US fundamental data is released.
Chart: NZD/USD H4
Given that the NZD/USD pair is moving towards the lower boundary of the dominance channel, a breakout is likely to occur within the next 24 hours. However, it is important to note that the rate could encounter a support set by the 200-hour simple moving average near 0.7289.
Everything being equal, the currency exchange rate could trade in a low volatility until the US fundamental data is released.
Chart: NZD/USD H4
AUD/USD Sideways Trading
The Australian Dollar introduced no significant changes to its overall price range against the US Dollar on Wednesday as its remained stable. Meanwhile, the Aussie has re-tested the weekly pivot point at 0.7893.
According to technical indicators, some upwards potential is likely. Furthermore, the currency exchange rate should continue it bullish sentiment in accordance with the ascending channel. As for near future, the exchange rate is likely to continue to rally until it reaches the upper boundary of a channel up where the weekly resistance is located.
The Australian dollar could be headed into a long term uptrend provided that the US dollar will be depreciated due to the need to raise the interest rate.
Chart: AUD/USD H4
According to technical indicators, some upwards potential is likely. Furthermore, the currency exchange rate should continue it bullish sentiment in accordance with the ascending channel. As for near future, the exchange rate is likely to continue to rally until it reaches the upper boundary of a channel up where the weekly resistance is located.
The Australian dollar could be headed into a long term uptrend provided that the US dollar will be depreciated due to the need to raise the interest rate.
Chart: AUD/USD H4
Tuesday, March 13, 2018
USD/JPY Downturn
Minor downside risks dominated the USD/JPY pair on Monday, as it closed the session with a 60-pip fall.
The lack of bearish stimulus did not allow the Greenback to breach the combined support of the 100– and 200-hour SMAs circa 106.20. Thus, the Asian session started with a solid surge which erased all loses accumulated during the previous day.
The pair is currently trading in a two-week ascending channel. Given that its lower boundary was not reached yesterday, the pair could reverse significantly its current market sentiment and go for a test of this line, the weekly pivot point and the 100-hour SMA at 106.40 during the first part of the day. The remaining session is likely to be dominated by the US inflation data released at 1230GMT.
Chart: USD/JPY H4
The lack of bearish stimulus did not allow the Greenback to breach the combined support of the 100– and 200-hour SMAs circa 106.20. Thus, the Asian session started with a solid surge which erased all loses accumulated during the previous day.
The pair is currently trading in a two-week ascending channel. Given that its lower boundary was not reached yesterday, the pair could reverse significantly its current market sentiment and go for a test of this line, the weekly pivot point and the 100-hour SMA at 106.40 during the first part of the day. The remaining session is likely to be dominated by the US inflation data released at 1230GMT.
Chart: USD/JPY H4
Friday, March 9, 2018
USD/JPY Up
The global strength of the US Dollar put upward pressure on the USD/JPY exchange rate. The pair gained some 80 pips during Thursday's trading session, thus breaking through the monthly pivot point, the 200-hour SMA and the upper boundary of the senior channel.
The strong two-day surge has sent technical indicators near the overbought region, so, even if some advances occur during this session, the Greenback should not exceed the 107.20 mark.
It is more likely that a bearish correction prevails in the market today and sends the pair towards the combined support of the 55– and 100-hour SMAs at 106.00. The US employment data release could alter the market sentiment and guide the pair's direction during the remaining hours of this trading week.
Chart: USD/JPY H4
Gold Looking Down
Bears have been guiding XAU/USD for the second consecutive session. This sentiment was strong enough to allow for a breakout of the 100– and 200-hour SMAs and the bottom boundary of a short-term channel up circa 1,325.00.
By Friday morning, the pair had returned at a previously-breached channel and the 38.20% Fibo retracement. According to technical indicators, some downside potential could still be realised in this session. The ultimate daily low should be the 1,305.00 area where the lower line of the senior channel and the monthly S1 are located.
Meanwhile, the pair has formed a minor falling wedge that could be soon breach to the upside, thus sending the yellow metal towards the aforementioned SMAs, with gains being capped near 1,330.00.
Chart: XAU/USD H4
By Friday morning, the pair had returned at a previously-breached channel and the 38.20% Fibo retracement. According to technical indicators, some downside potential could still be realised in this session. The ultimate daily low should be the 1,305.00 area where the lower line of the senior channel and the monthly S1 are located.
Meanwhile, the pair has formed a minor falling wedge that could be soon breach to the upside, thus sending the yellow metal towards the aforementioned SMAs, with gains being capped near 1,330.00.
Chart: XAU/USD H4
Wednesday, March 7, 2018
GBP/USD Pushes Higher
Following a rather quite morning on Tuesday, the Sterling took advantage of the weaker US Dollar later in the day and eventually broke through the strong resistance of the monthly and weekly pivot points and the 200-hour SMA circa 1.3870.
Further advance did not follow, as the pair entered a minor period of consolidation. Despite technical indicators flashing bearish signals, it is likely that the breached resistance succeeds at supporting the price near 1.3860.
This level also coincides with the 55-hour SMA and the prevailing one-week trendline. By and large, it is expected that the Sterling pushes higher within the following trading sessions until a downward-sloping trendline is reached near 1.3950.
Chart: GBP/USD H4
Further advance did not follow, as the pair entered a minor period of consolidation. Despite technical indicators flashing bearish signals, it is likely that the breached resistance succeeds at supporting the price near 1.3860.
This level also coincides with the 55-hour SMA and the prevailing one-week trendline. By and large, it is expected that the Sterling pushes higher within the following trading sessions until a downward-sloping trendline is reached near 1.3950.
Chart: GBP/USD H4
Tuesday, March 6, 2018
GBP/USD Consolidated
The Sterling managed to advance some 85 pips against the US Dollar during the European session on Monday. Further upside momentum was disrupted by the combined resistance of the weekly and monthly pivot points around 1.3860.
The inability of bears to take advantage of this situation resulted in a slight period of consolidation between 1.3860 and 1.3830. Given that the northern barrier is likewise guarded by the 200-hour SMA, bulls are unlikely to gather enough momentum for a breakout.
Thus, that the pair could edge lower during the week and attempt to go below 1.38. Meanwhile, the medium-term pattern suggests that the Sterling is likely to appreciate this month; thus, the 1.3860 should eventually be breached to allow for a surge up to 1.3950.
Chart: GBP/USD H4
The inability of bears to take advantage of this situation resulted in a slight period of consolidation between 1.3860 and 1.3830. Given that the northern barrier is likewise guarded by the 200-hour SMA, bulls are unlikely to gather enough momentum for a breakout.
Thus, that the pair could edge lower during the week and attempt to go below 1.38. Meanwhile, the medium-term pattern suggests that the Sterling is likely to appreciate this month; thus, the 1.3860 should eventually be breached to allow for a surge up to 1.3950.
Chart: GBP/USD H4
Gold Out of Upward Trend
Gold has been trading out of the upward trend for the past couple of weeks when it exited at $1,330. Since then, it has been struggling to keep above $1,300, currently trading at $1,325.
Despite surpassing the 200-hour SMA, the yellow metal returned below this line several hours later to test the 55– and 100-hour SMAs located circa 1,318.00. The pair was subsequently moving along the former, thus trading in a narrow range between this line and the 200-hour SMA by Tuesday morning.
Given that technical indicators are strongly bearish, this sentiment is expected to prevail in the market and thus push the rate for a test at 1,316.70. Meanwhile, it is still possible that the pair still tries to test the upper boundary of the prevailing three-week channel down. In case the 200-hour is breached, gains should be capped near the weekly PP at 1,320.00.
Chart: XAU/USD H4
Despite surpassing the 200-hour SMA, the yellow metal returned below this line several hours later to test the 55– and 100-hour SMAs located circa 1,318.00. The pair was subsequently moving along the former, thus trading in a narrow range between this line and the 200-hour SMA by Tuesday morning.
Given that technical indicators are strongly bearish, this sentiment is expected to prevail in the market and thus push the rate for a test at 1,316.70. Meanwhile, it is still possible that the pair still tries to test the upper boundary of the prevailing three-week channel down. In case the 200-hour is breached, gains should be capped near the weekly PP at 1,320.00.
Chart: XAU/USD H4
Friday, March 2, 2018
Pivot Points Indicator
Pivot points are designed and used as a tool to indicate where exactly a given instrument might turn its direction or confirm its direction. Pivot points can be a great addition to any trader's toolbox. Once learned, you will be able to recognize them and effectively take advantage of them so that you could make prescriptive analysis.
Pivot points help define support and resistance levels that indicate whether a market is in bullish or bearish territory.
ActivTrades are offering this indicator free of cost available on the MetaTrader 4 and MetaTrader 5 platforms. It is readily available so if you would like to check it out, visit HERE.
Pivot points help define support and resistance levels that indicate whether a market is in bullish or bearish territory.
ActivTrades are offering this indicator free of cost available on the MetaTrader 4 and MetaTrader 5 platforms. It is readily available so if you would like to check it out, visit HERE.
NZD/USD Declines
The New Zealand Dollar has continued the decline against the US Dollar. Nevertheless, this decline was stopped by the first support level at 0.7150. During the European session on Thursday, NZD/USD began to gain strength, however, the 55-hour simple moving average was restricting the pair for making any further gain.
As for near future, the rate is likely to make a corrective move north for a re-test of the short term resistance at 0.7243. In addition, technical indicators suggest that the pair is in the oversold zone.
No news will be released today concerning both of the parties so we could expect the pair to trade based on technicals and market momentum.
Chart: NZD/USD H4
As for near future, the rate is likely to make a corrective move north for a re-test of the short term resistance at 0.7243. In addition, technical indicators suggest that the pair is in the oversold zone.
No news will be released today concerning both of the parties so we could expect the pair to trade based on technicals and market momentum.
Chart: NZD/USD H4
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