Trade Idea Retracement Might be completed in Aud/jpy

Aud/jpy Daily and Hourly charts updated

Hi, Traders

Trading activity is very volatile and it is very difficult in volatile conditions to get a proper entry as there is risk of hitting of stops both ways

There is greater risk of whispaw when there is lot going throughout the world and recent activity in Japanese crosses is prime example of market is in two minds.

Let's see the daily chart of Aud/jpy


This chart explains a accumulation after strong fall and it is also strong weekly support and when we have such large sideways movement in strong trend then we might think twice before going long again

While you still look for pullback and think of taking "Retracement Signal",then probably you look to rely on strong demand and supply areas on larger time-frames

Strategy and Market consciousness are two factors that pick the differences between good and bad trader but even simple things can help you pick strong entries which have logic rather than looking to enter every retracement as there is no chance we can go long or short with few candlesticks behavior untill we sort over trades with other methods.

usd/jpy Levels daily before FOMC Statement

Hi Traders,
Its quite a while since I have updated the blog but there were limited opportunities available after the release of NFP statement, Here is the usd/jpy chart ahead of FOMC release of the February Metting minutes and I am closely watching the levels and would like to trade any rejection or breach of high as volitality is very low at extremes and that is a big sign of breakout.

Update gbp/usd l Downtrend was on the cards

I will update the text later

How we can pick Penny socks

PSP Free Members,
As A Reminder Our New Pick For Monday Is: NWTR!
News of a Major Purchase Agreement to receive an exclusive license for a Patented Extraction Process got traders extremely excited about NWTR last week.

The first 2 trading days in March were quite active for our new pick, with a 40 Percent gain and volume exceeding six figures.

But this could be just the beginning...

I believe this .10 cent oil pick is about to see a repeat rally in the short-term on BIG news.

With some profit taking and a closing price under 10 cents on Friday we could potentially see a repeat of double digit gains in the short-term, with tech analysis from Barchart issuing a BUY-recommendation.

New Western Energy is engaged in the acquisition, exploration, development, and production of oil, gas, and mineral properties in the United States.

NWTR closed in the last session at just under 10-cents and now looks to be setting up for a potential reversal that could result in another breakout run to the upside very soon.

Since this past December, NWTR has made significant strides to strengthen its position moving into 2015.

More recently, on February 23rd, NWTR announced that it has acquired access to a revolutionary patent to a cutting edge metals extraction process, which allows for the zero waste recovery of high-grade titanium dioxide as well as other high value elements.

An increasingly important source of lightweight materials, the market for titanium dioxide market represents a more than $13-billion-market. The timing of this acquisition by NWTR could prove to be very lucrative.

This latest patent acquisition could prove to be a potentially huge milestone for the company and potentially add significant long-term value for NWTR.

I am urging all members to begin your research on NWTR right away, and especially before Monday’s trading session, as NWTR appears to be extremely undervalued at current levels, and looks poised for a major move this week.

-James
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ NEW PICK

New Western Energy Corp.
NWTR
NWTR Chart
Currently Trading: .095

About New Western Energy Corporation
Founded in 2008 and headquartered in Irvine, California, New Western Energy Corporation engages in the acquisition, exploration, and development of oil, gas, and mineral properties in the United States. It holds interests in various properties located in Oklahoma, Kansas, Texas, and Pennsylvania.

On December 23, 2014, NWTR announced that it has signed and closed a definitive agreement on the majority control in a newly formed subsidiary jointly owned with Forward Energy LLC of Montana named NEW Forward Energy LLC.

The new subsidiary includes all rights, title and interest in and to Forward Energy LLC’s current and future oil and gas wells, leases, which are located in the counties of Yellowstone, Golden Valley, Treasure, Musselshell and surrounding counties of the Crooked Creek Field within South Central Montana, and designated completion equipment license and perpetuity rights.

NWTR Signs Agreement to Receive Exclusive License to a Patent Developed for the Extraction of Minerals From Mining Tailings in U.S.
On February 24, 2015 NWTR announced that it has signed a Securities Purchase Agreement with Fodere Titanium Limited, a U.K. based company that holds the exclusive worldwide rights to extraction technologies designed in conjunction with a prominent English university that allow for the zero waste recovery of high-grade titanium dioxide (TiO2), high-purity vanadium (V), high carbon steel and other high-value elements from either tailings stockpiles or direct mineral deposits.

The FODERE process, which was developed by the School of Chemical and Process Engineering at a world renowned English Engineering University allows extraction with significant yield of low-grade titanium from tailings and ores. Currently, this is not feasible by the two other existing extraction methods available in the market.

FODERE has exclusive rights to this proprietary process for the development of commercial operations worldwide subject to certain financial and experimental obligations over the next couple of years.

NWTR Technical Indicators:

Closing in the last session at just under 0.10 per share, NWTR is once again trading just above its 0.087 per share support levels and could be presenting a strong opportunity to maximize any potential gains moving forward.

Well below its 52 Week High of 0.90 per share, NWTR is showing significant upside potential and the technical charts continue to show bullish trends developing in the near term and beyond.

Barchart currently holds a buy-recommendation with numerous short, medium and long-term indicators.

I can’t overstate the significance of NWTR’s recent purchase agreement with Fodere Titanium Ltd. The opportunity is absolutely staggering.

According to a recent report by Transparency Market Research, the global titanium dioxide market was valued at 13.4Bn in 2013 and is anticipated to reach $17.12Bn by 2020, expanding at a CAGR of 3.8-percent from 2014 to 2020.

Still, with the recent addition of oil properties in South Central Montana and the long-term value proposition that entry into the titanium dioxide market represents, NWTR is showing incredible upside potential well beyond the near term.

I’m urging all members to begin your research right away and lets be ready for NWTR on Monday! Happy Trading

Points a Trader needs to know before Start trading

Hi Traders,
As it is cleared from the name that here I want to clear few points that will ease the pressure of a new trader who want to scalp day in and day out for a small profit and keep growing its account till it reach the point traders can afford to take more risks or take a portion out of their account.

Basic things we need to know is what are our strengths and Being selective is one thing that a traders must have because there is no point in trading a single currency or couple of currency and sticking to that pair for days when it going sideways because it will keep you away from some excellent opportunities in other crosses.

So, the point is being selective in approach and keeping yourself busy and atleast look to trade all the Major currencies if you don't want to consider trading exotic currencies.

Keeping Approach as simple as you can

Now, the question arises that what approach should we use. As you all know I am not a big fan of Indicators or using too many trendlines or trusting any other mechanical systems as For me they are useless.

When you trade, you need to be emotionally fit. Trading is about taking the right decisions at the right time.

And you know that when you desperately need money, you are not going to make the right decisions at right time because you might be thinking of winners all the time and losses will drive you with emotions to make up for that loss and earn more to always stay in profit.

You are just going to make decisions based on your most recent needs, not on your long term interests. You might get lucky at the beginning, make a few bucks here and there, but as I said, at the end, trading is about taking the right decisions.

No point in using various trading system because It will never let you decide what you strengths are and you chose one system for a while and then test it and if You don't get results use another system.

There is no harm in trying out strategies but only one at a time and When you find a strategy or system then You should stick to a plan and find out the market conditions that suitable for such systems and what are the basic plans you must follow and what are the market conditions that you need to avoid to avoid entries.

Even today, after all those years of experience, when I get in front of those charts, I still dont know what the heck they are going to do (I only trade based on probabilities).

So let me tell you something, if you are new to trading, and you are here because you think trading is easy… stop reading this, and think about it twice.

If you are going to keep trading, you need to know that you need to work hard, you’ll need to practice and only with experience you will get results. But its not easy and it will take some time before you get there.

Are you prepared to take that?

If you are an experienced trader, and you still think trading is easy, stop reading this, closed all your opened trades, and forget about trading forever.

Yep, you heard me, forever!

I’m just trying to make this faster for you…

Ok, if you are reading this, means that you understand that trading is not easy… good for you!

It’s going to save you a lot of money and time