Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair consolidated last week, moving between the resistance line at 1.1250 and the support line at 1.1150. The resistance line at 1.1250 was tested several times, but it could not be broken to the upside, owing to the ongoing consolidation. A breakout is anticipated before the end of the week, which would most probably favor bulls as the resistance line at 1.1250 is broken to the upside, but the outlook on the market is bearish for June 2017. It should be noted that certain EUR pairs may not go bearish in June.

USDCHF
Dominant bias: Bearish
This pair went sideways last week, in the context of a downtrend. Price oscillated between the support level at 0.9700 and the resistance level at 0.9800. The support level at 0.9700 was tested several times and it could not be breached to the downside – and that is exactly what would happen this week – a breakout to the downside. This week, the Greenback would be weak while the Swissie would be strong: Hence further bearish movement in the market as the support level at 0.9700 is broken to the downside. This trend would reverse when EURUSD plummets in June.

GBPUSD
Dominant bias: Bullish   
GBPUSD is bullish in the long-term, but bearish in the short-term.  The market was caught in an equilibrium phase from Monday to Wednesday, and then went southward on Thursday and Friday, dropping 200 pips from the distribution territory at 1.3000 to the accumulation territory at 1.2800 (a well-anticipated occurrence). The outlook on GBP pairs is bearish for this week and for the month of June. Markets would generally be quiet in June, but GBP pairs would trend seriously, going bearish in most cases.

USDJPY
Dominant bias: Neutral
The market is neutral in the long-term, but bearish in the short-term. There was no significant movement last week, but things could become significant before the end of this week. The demand level at 111.00 was tested many times last week, and without success. The most probable movement is southwards, as the demand levels at 111.00, 110.50 and 110.00 are breached to the downside.

EURJPY
Dominant bias: Bullish   
There was no significant movement on EURJPY last week, save price went slightly bearish on Friday, in the context of an uptrend. The markets would generally be quiet in June 2017, while JPY pairs trend seriously nonetheless (just like GBP pairs). The outlook on JPY pairs is bearish for June; plus the most probable direction is southwards. EUR/JPY would go downwards by at least, 300 pips within the next two weeks, and that would lead to the end of the current bullish bias.     

This forecast is concluded with the quote below:

“My personal definition of successful money management is to limit losses while at the same time providing you with an adequate opportunity to realize a profit from the trade.” – Andy Jordan

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair went upwards by 290 pips last week, putting greater emphasis on the recent bullish bias that has formed this month. Price closed slightly above the support line at 1.1200 on Friday. The bullish momentum is currently strong, and the resistance lines at 1.1250, 1.1300 and 1.1350 may be tested this week. This however, does not rule out possibilities of pullbacks in the market, because EUR would rise against some currencies while falling against others.

USDCHF
Dominant bias: Bearish
USDCHF plummeted last week, losing 280 pips and closing below the resistance level at 0.9750. Price has fallen by 340 pips since May 12, and further fall is expected this week. The support levels at 0.9700, 0.9650 and 0.9600, may be tested this week, owing to the Bearish Confirmation Pattern in the market. USDCHF would continue to trend southwards as long as EURUSD journeys northwards.     

GBPUSD
Dominant bias: Bullish   
GBPUSD was able to maintain its bullishness last week. The market closed above the accumulation territory at 1.3000 on Friday, going towards the distribution territory at 1.3050 (which may be tested or even breached to the upside). On the other hand, there is also a possibility of a deep bearish correction this week, because bearish movements may occur on certain GBP pairs, and the ripple effect may affect GBPUSD.   

USDJPY
Dominant bias: Bearish
The market went bearish last week, thus invalidating the bullish signal that was formed earlier this month, and creating a new short-term bearish signal. Price has dropped roughly 290 pips last week, slashed the demand level at 110.50, and closed above the demand level at 111.00. The demand levels at 110.00 and 109.50 may try to reject any meaningful bearish movement, for the outlook on JPY pairs is bullish for this week. Some form of reversal may be witnessed in the market.


EURJPY
Dominant bias: Bullish   
This cross pair is still bullish, while being volatile in the long-term. Price has formed a zigzag pattern in the market: It went up on Monday and Tuesday, came down on Wednesday and Thursday, and then went upwards again on Friday. The present “buy” signal can push price towards the supply zones at 125.50, 126.00 and 127.50. These targets might even be exceeded, especially given the expected bullish movements on JPY pairs.     

This forecast is concluded with the quote below:

“New and creative trading ideas are important for a trader to be able to stay ahead of the crowd, so doing whatever you can to prepare your mind to consider new ideas will help to develop creative trading strategies that are essential to profitable trading.” – Joes Ross

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair is bullish in the medium-term, but neutral in the short-term. Price tested the support line at 1.0850, closing above the support line at 1.0900 on Friday. A movement above the resistance line at 1.1000 would strengthen the existing bullish bias, while a movement below the support line 1.0700 would threaten it. This week, further pullback is possible, but EURUSD would not go really bearish until the support line at 1.0700 is breached to the downside.

USDCHF
Dominant bias: Neutral
USDCHF moved upwards by 230 pips last week, almost testing the resistance level at 1.0100, and then pulled back towards the support level at 1.0000. The upwards movement of the first few days of last week has overridden the last short-term bearish signal, and the pullback that was seen on Friday has scuttled the bullish effort of last week. Both the bull and the bear would not gain upper hand until price goes seriously out of balance. A protracted movement is needed to form a directional outlook.     

GBPUSD
Dominant bias: Bullish   
The outlook on the Cable remains bullish, though price consolidated throughout last week. Further consolidation could result in a neutral outlook. The accumulation territory at 1.2850 has been tested and it may be breached to the downside. The current price action shows more and more noticeable weakness in the bullish trend, thereby increasing chances of a large pullback this week, especially when the accumulation territories at 1.2850 and 1.2800 are breached to the downside.   

USDJPY
Dominant bias: Bullish
This trading instrument initially went upwards last week, briefly going above the demand level at 114.00. Price got corrected lower by 80 pips on Thursday and Friday. The bias on the market is bullish, and it would remain so as long as price does not go below the demand level at 112.00. There is a possibility that the supply levels at 113.50, 114.00 and 114.50 would be targeted this week.

EURJPY
Dominant bias: Bullish   
EURJPY went sideways last week, in the context of an uptrend. There was a movement between the demand zone at 123.00 and the supply zone at 124.50. A rise in momentum is anticipated this week, which would emphasize the current Bullish Confirmation Pattern in the market, especially when the supply zone at 125.00 is overcome. The bullish bias would be jeopardized when price goes below the demand zone at 122.00.   

This forecast is concluded with the quote below:

“I’ve always believed that on every trader's journey, emotions are nice companions but lousy guides…This phrase is meant to remind us that life would be pretty darned boring if we never experienced any emotions. But more importantly in trading, decisions made when we are in a non-productive emotional state will likely produce results we don’t like. That’s where a great trading system comes to the rescue. It gives us a framework to calmly and coolly evaluate situations and make the right moves…” - D.R. Barton, Jr.

When I first went to university the initial week was filled with the usual getting to know the lay of the land such as how the library works (in a surprisingly mysterious way I might add), where various labs where and what the protocol for various subjects was. One of the most striking events was an orientation lecture we had in one subject. The lecturer who went onto to be one of my favourites because he knew his stuff, was blunt in his delivery and told students the truth. The last one of these characteristics would now not be tolerated because apparently telling students that they failed because they didn’t get off their arses would now be considered bullying or some form of oppression or would require the student to curl up in a foetal position in one of their safe spaces.

He opined that the easiest way to survive first year was to turn up and do the work – if you did that then the chances were pretty good that you would get through. Do a bit more than that and you would do well. This must have been a friggen revelation to a large proportion of my year because over half failed the year.  Much to their surprise simply hanging around the university cafe and the pub across the road did not magically allow the collective wisdom of those at the university to seep into their brains as if by a process of osmosis.

The reason for me reminiscing about events locked in my dim dark past is simple – this pattern of laziness repeats itself year after year, decade after decade in people and people still wonder why their lives are like they are. Let me give you an example that is close to home. During our Mentor Program we generate a lot of content, each step of the course is mapped out to the day in such a way as to take someone from being a complete novice in the market to a competent trader at the end of six months. In effect, we make a pact with those doing the course, we will tell you everything we know with nothing held back and you commit to putting the time in to absorb what you are being told. To my way of thinking it is a fair deal besides you have paid for it so that should be sufficient motivation to put some effort in.

Intriguingly some – many believe that simply looking at the notes occasionally and not putting in any effort at all will somehow translate into success. We are now several weeks into the course and there are attendees who have logged in twice. Yet I can imagine that they are completely surprised at their inability to master the most basic of trading concepts. Or that they have not instantly be transmuted into billionaires via some alchemic process.

Central to all of this is the notion of how success in any arena is achieved. It should not be surprising that to achieve anything in any field you choose requires a certain amount of commitment and toil – this is simply the nature of the universe. Think of success as a natural system, it requires the addition of energy to keep it viable. If the system is not constantly restocked with effort, then eventually it will collapse. Yet, this lesson is lost on so many people who assume that either simply paying for something (think gym membership that is never used) or paying lip service and offering the usual platitudes will assist in mastering a task or achieving a goal.

Harking back to my early days in first year there was one thing that was almost universal in those that failed. It was always someone else’s fault and that seems to be something that is universe among those that do not put in the effort.


Author: Chris Tate

Article reproduced with kind permission of Tradinggame.com.au

Other quotes from professional traders are below:

“The internet has been a boon for those seeking information. Within seconds you can find information on just about any subject that you want to know more about. Unfortunately, there is also a lot of misinformation mixed in with the results. This is very true in the trading world.”- Tradingeducators.com

“The internet is an amazing thing – there are thousands of trading strategies described in forums, social media and YouTube videos etc. But how do you know if they work? The answer is much simpler than it seems. Test the strategy properly!” - Jasper Lawler   

“Listen don’t tell because the market cannot hear you… Trading is a profession where the ability to delay gratification is paramount to your success. Delaying gratification means that you can hold onto winning positions for longer.” – Chris Tate

“This is the most salient point for traders with regards to what is considered uncertainty. Uncertainty is the environment within which we operate as a broad observation but beyond that it is actually the markets themselves that define what is actually uncertainty and they can do this by readily accessible metrics.” – Chris Tate

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair went sideways from Monday to Wednesday, and then started rising upwards on Thursday, in the context of an uptrend. Price is now very close to the resistance line at 1.1000. This week, it is possible for the market, and other EUR pairs, to open with gaps, owing to the events surrounding French presidential election. Should gaps occur, they would be followed by high volatility and strong movements. While the resistance lines at 1.1000, 1.1050 and 1.1100 could be tested, chances of considerable pullbacks within the next several days are increasing.

USDCHF
Dominant bias: Bearish
USDCHF went lower last week, moving between the resistance level at 0.9950 and the support level at 0.9850. The bias is bearish, and price could go lower as long as EURUSD goes upwards. Eventually, USD would manage to gain some strength, either before the end of the week or at the beginning of next week, which would reverse the movement of USDCHF (as EURUSD is weakened). There must be a movement above the resistance level at 1.0000 in order for the current bearish bias to be threatened.   

GBPUSD
Dominant bias: Bullish   
In the context of an uptrend, Cable consolidated from the beginning of last week, till Wednesday, and then trended further upwards on Thursday and Friday.  Price closed above the accumulation territory at 1.2951, going towards the distribution territory at 1.3000. Once that distribution territory is breached to the upside, other distribution territories at 1.3050 and 1.3100 would become next targets, because the outlook on the market remains bullish for this week.     

USDJPY
Dominant bias: Bullish
USDJPY went upwards by more than 140 pips last week. Since April 24, price has gained more than 300 pips, which has resulted in a clean Bullish Confirmation Pattern in the market. The supply level at 113.00 has been tested and it would be re-tested, as price goes above it, targeting another supply level at 113.50 and 114.00. In May, JPY pairs could turn bearish, and that happens, the current bullishness in the market would be gotten rid of.

EURJPY
Dominant bias: Bullish   
Last week, this cross moved upwards by 250 pips. Price has gained 500 pips since April 24; plus the supply zone at 124.00 is currently under siege. Once the supply zone is breached to the upside, price would go towards the supply zones at 124.50, 125.00 and 125.50. There would be temporary pullbacks along the way, which should not overturn the current bullish bias, unless the pullback makes price lose at least, 300 pips.   

This forecast is concluded with the quote below:

“I trained myself to think of trading as an endeavor in which I strive to make points.  Only later are those points translated to dollars.  In that sense, for me trading is making point.” – Joe Ross

AUS200
Dominant bias: Bullish
This market is bullish as well as volatile. Price swung wildly upwards and downward in April, and it has started pulling back again this week (all in the context of a bullish bias). This month, the volatility would continue as price continues its wild upswings and downswing, while the general movement would be bullish. From the low of April (5912.92), price is expected to gain at least, 5,000 points this month, breaking one resistance line after another. However, this is going to be a pyrrhic victory because bearish forces would constantly cause transient pullbacks, which would be large in some cases.

SPX500
Dominant bias: Bullish
SPX500 has been able maintain its bullish trend so far. In April, price dropped roughly 650 points, reaching a low of 2299.7 on April 12. The market has gained about 930 points since then, emphasizing its bullishness. It is possible for new highs to be made this month, though there could also be temporary bearish corrections along the way. The bearish corrections are not expected to take price below the support level at 2299.0, which is a formidable support level indeed. In the next several months, the market would probably enter into an extended equilibrium phase, which would be in the context of an uptrend.

US30
Dominant bias: Bullish
US30 experienced three flash crashes on April 6, 10, and 13. It is interesting to note that the three flash crashes were all contained at the accumulation territory of 19277 (The only two major pullbacks that occurred on SPX500 on April 12 and 13 were each contained at the same support level of 2299.7). So, the accumulation territory at 19270 has become serious barrier to any future bearish trends. From the low of 19277, US30 has gained 1700 points. The market is supposed to go further north this month, reaching an initial target at the distribution territory of 21065, which was the high of April.

GER30
Dominant bias: Bullish
This market has been in a persistent bullish trend since the middle of 2016, and price has gained roughly 9,800 points this year alone. In April, price went south from the beginning of that month till April 18, after which it started journeying upwards again, gapping up massively on April 24, and sprinting further north. There are huge Bullish Confirmation Patterns in the 4-hour and daily charts, which predict further gains this month. Price is already at the highest that has been seen this year, and it may go towards the supply levels at 12550.0, 12600.0 and 12650.0.

FRA40
Dominant bias: Bullish
FRA40 moved sideways within April 4 – 12; and went visibly bearish from April 13 to 18, after which it began to trend upwards. There was a gap-up on April 23, which has never been filled, because price went further upwards, closing at 5264.0 at the end of April. This month, price has gone beyond the closing price of April. As there is a clear bullish outlook on the market, it may gain a minimum of 1000 points this month (amid stealth attacks from bears). Price could enter a prolonged sideways movement within the next few months, but the bullish outlook on it would remain intact.

GOLD (XAUUSD)
Dominant Bias: Bullish 
Gold is bullish in the long-term and bearish in the short-term. Price went upwards from April 3 to 17, and then began to be corrected lower. The lower correction has not been significant enough to override the recent bullish bias on the market. However, several more days of bearish movement would result in a Bearish Confirmation Pattern in the market, just as it is on Silver. Therefore, the most probable movement for May is bearish, as price goes towards the support levels at 1240.00, 1230.00 and 1220.00. These are the targets for May and June.

SILVER (XAGUSD)
Dominant Bias: Bearish
Silver is now a bear market, with a southwards movement far stronger and faster than that of Gold. Price swung upward and downwards wildly within April 3 to 17, and then dropped precipitously, losing over 18,000 pips within two weeks. Long trades are currently illogical in the face of ongoing selling pressures in the market. This month, the demand levels at 16.5000, 16.0000 and 15.5000 would be breached easily as price goes further southwards. Any rallies seen along the way should be ignored, and rather taken as good short-selling opportunities.

BITCOIN (BTCUSD)
Dominant Bias: Bullish
This is a roaring bull market. After the volatile bearishness that was experienced in March, price went seriously upwards in April. From the low of March 25 till date, price has gained more than 50,000 pips, and this seems like just the beginning. The strong Bullish Confirmation in the market points to further northward rally, which would take price higher and higher within the next few months. True, there may be some volatile bearishness as was seen in March, but subsequent recovery would be quick as price trends further northward. The initial target is at the distribution territory at 1500.00. 

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
Last week, this pair opened with a massive gap-up, which also happened on other EUR pairs. Price managed to reach the resistance line at 1.0950, and then consolidated till the end of the week. The gap-up has forced a bullish bias to appear, but this may not last long because EURUSD are expected to become weak this week. While there are resistance lines at 1.1000 and 1.1050, the support lines at 1.0900, 1.0850 and 1.0800 could be tested this week.   

USDCHF
Dominant bias: Bearish
USDCHF is in a short-term bearish mode, and price consolidated last week in the context of that short-term bearish mode. Within the last several days, price has not been able to move above the resistance level at 1.0000 or below the support level at 0.9900. A movement above the resistance levels at 1.0000 and 1.0100 would result in a Bullish Confirmation Pattern, while a movement below the support levels at 0.9900 and 0.9800 would reinforce the existing bearishness in the market.   

GBPUSD
Dominant bias: Bullish   
Last week, price consolidated from April 24 to 26 and then resumed its upwards journey, which was started on April 10 (although the most significant bullish movement occurred on April 18). The distribution territory at 1.2950 was tested on Friday before the market closed. Since April 10, price has gone upwards by 570 pips, and this is just the beginning, because there is a strong Bullish Confirmation Pattern in the market, and because the outlook on GBP pairs is also bullish for May. There may be some bearish attempts, but the bullish bias might survive till the end of May.     

USDJPY
Dominant bias: Bullish
USDJPY also opened with gap-ups at the beginning of last week, just as other JPY pairs did. The gap-up forced a bullish signal to form as price went further upwards, testing the supply level at 111.50. The bullish bias might hold for a few more days, (reaching the supply levels at 112.00, 112.50 and 113.00 at most), but the outlook on USDJPY is bearish for this week and this month. A major pullback would eventually happen.

EURJPY
Dominant bias: Bullish   
Last week, the market opened with an upward gaps, which was not filled because price even went further upwards on Tuesday, almost testing the supply zone at 122.00 and consolidating till the end of the week. This cross might go upward a bit further; though there is a high probability of strong selling pressures occurring this week and this month, which would override the current bullish signal. The outlook on JPY pairs is seriously bearish for May.   

This forecast is concluded with the quote below:


“Today, I am a full-time active private trader and I am thankful that trading has eliminated the need for me to re-enter the corporate world. I’m also a full-time Mum to two fabulous kids who are benefiting from the time I’m now able to spend with them every single day… Really, this is a profession you can enter regardless of your educational background.” – Louise Bedford

It may seem a contradiction to say that you don’t want to pay attention to the profit of a trade.  In fact, many of you might be saying that this guy must be smoking rope to say that profit is unimportant.  Well, to clarify, that is not what is being said.  Of course, profit is one of the main reasons why you are involved in trading in the financial markets.

However, when we discuss how you will garner your mental and emotional resources in order to become consistently successful, profit (in any one trade) is not where you want your focus to be. Profits come as a result of “probabilities” over a series of trades. In fact, profit can be a major distraction and the cause of erratic behaviors that beget unwanted results.  Let’s face it, results, consistent positive results, are what you want.Tweet: Let’s face it, results, consistent positive results, are what you want. Anything else is unacceptable.  So, your main trading trajectory must encompass this reality.  Consistently successful trading requires a laser focus on what-matters-most; alignment of body, mind and emotions; and an ability to be truly disciplined, for starters.

Honing your trading process and the focus of your trades.

The Distraction of Trading Profits
Let’s look at how focusing on profit can position you to attract the very undesirable results that you want to avoid.  Profit is transient which means that it is not only variable but it is random to the point of being capricious.  No matter how good your methodology, you cannot predict what price action will do.  The only thing that is certain about the markets is that they are unpredictable.   Due to this level of randomness, profit is an extremely inefficient data point to measure against results.

In fact, one of the worst things that can happen to you as a trader is to be profitable early in the game before you intimately know your strategy.  This type of profit is almost invariably luck.  Luck is totally unsustainable; and in your attempt to replicate these results you will reinforce bad rule violating behavior that is very hard to halt, creating many more losses as you attempt to extricate yourself from that abyss.  Furthermore, when you focus on profit alone, your attention is fragmented and your mental state is susceptible to distorting data due to a confirmation bias (the tendency to only perceive information that confirms your limiting beliefs about the current market and consequently denying information that is contrary but critically important).

Actually, you want to approach the trading process with your eyes wide open and embracing the fact that any trade can lose, and some will.  No matter how strong your strategy, you must accept the randomness of the markets and therefore be very serious about protecting your capital; in other words, using and relying on your stops.  In this way, you will begin to manage your fear…a very important skill.

One of the facts about consistently successful traders is that many of them have blown up accounts; and they came back.  When this happened, they realized that the world didn’t come to an end and developed a deeper appreciation for the importance of their stops.  They created consistency in planning their trades, trading their plan, following all of their rules, and thereby developed the capacity for emotional strength and endurance in the trade.

Trading is a process oriented endeavor for those who are serious about becoming and remaining a consistently successful trader.  In any one trade, it is not about the outcome.  You must remain dispassionate about that and reserve all of your focus to be honed on what you are doing and how you are doing it.  This is what we teach in Mastering the Mental Game online and on-location courses.  Ask your Online Trading Academy representative for more information.  Also, get my book: From Pain to Profit: Secrets of the Peak Performance Trader.

Joyous Trading


Author: Dr. Woody Johnson

Article reproduced with kind permission of the author.

Source: Tradingacademy.com/lessons/article/focus-trading-process-not-money/   


The article is ended with more helpful quotes:

“One of the biggest mistakes that newbie traders make is to give up on a trading strategy after a run of losing trades. The thinking behind doing this is understandable but very wrong. The thought is “If a strategy is losing trades, why keep doing it?” The point is that every trading strategy has losing trades!” – Jasper Lawler 


“Always keep in mind that trading is mainly a mind-game playing probabilities. Try to find a strategy that you understand and that fits to your personality and possibilities and then try to build the trade management together with the risk management around it. This will lead to much better results then searching for the best entry technique of all times.” – Andy Jordan


“Trading is not for anyone who has an unquenchable thirst for certainty. Uncertainty in trading is co-equal with insecurity.” – Joe Ross


“However, the truth is probably like most things somewhere in the middle and eventually with a level playing field (which there will probably never be) it comes down to the individual. In part this is why I like trading, it is a reflection of who you truly are, not what your circumstances have made. The market has no idea where you are from, what your social status is, your colour, your religion or your sex. It merely knows whether you have the attributes of a good trader or you don’t.” – Chris Tate

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair trended upwards last week, briefly went above the resistance line at 1.0750, and then retraced southwards. There are support lines at 0.0700 and 0.0650, which may attempt to impede any bearish attempts this week. The bearishness in the market still holds, until price goes above the resistance line at 1.0800, which is supposed to happen this week. The outlook on EURUSD and other EUR pairs, is bullish for this week.     

USDCHF
Dominant bias: Neutral
This month, USDCHF has generally moved between the support level at 0.9900 and the resistance level at 1.0100, having brought about a neutral bias on the market. Movements above the level at 1.0000 would cause short-term bullish signals, and movements below the level would cause short-term bearish signals, while the long-term bias remain neutral. Price is expected to go south this week, reaching the support level at 0.9900. Protracted selling pressure would be needed to break that support level to the downside.

GBPUSD
Dominant bias: Bullish   
As is was anticipated, GBPUSD went significantly upwards last week; and so were other GBP pairs (EURGBP went south). Price skyrocketed by 370 pips, reaching the distribution territory 1.2900. Price has moved sideways since then – in what could be called a pause in the northward journey. This week, the outlook on GBPUSD, as well as other GBP pairs, remains bullish. So, when momentum returns to the market, it would most probably favor bulls. Price may target the distribution territories at 1.2850, 1.2900 and 1.2950 this week.   

USDJPY
Dominant bias: Bearish
This trading instrument consolidated throughout last week, in a context of a downtrend. A movement above the supply level at 111.00 would result in a bullish signal, as the current bearish bias is overridden. A movement below the demand level at 108.00 would result in a clear Bearish Confirmation Pattern in the market, as price goes further south. The outlook on USD/JPY is bearish for this week. Therefore, southward a southward movement is more likely.

EURJPY
Dominant bias: Bearish   
This cross pair made effort to go up last week, rising from the demand zone at 115.00, and reaching the supply zone at 117.50 (a movement of 250 pips). The bullish effort was not strong enough to override the extant bearish outlook on the market. Price was engaged in some bearish correction on Friday; plus the last week rise in price may turn out to be a good opportunity to sell short at better prices. The outlook on other JPY pairs is also bearish for this week. 

This forecast is concluded with the quote below:

“If we have trained properly, if we understand our planning, if we have done our preparation, our system execution should be a matter of routine.” – Ken Long

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
EURUSD consolidated from Monday to Friday, save a faint rally that was witnessed on Wednesday. The bearish bias on the pair still holds, though another week-long consolidation would lead it into a neutral zone. This week, attempts would be made to push price upwards, and that would be something that cannot override the current bearish bias unless price goes above the resistance line at 1.0800. Until that resistance line is broken to the upside, any rallies seen here should be taken as good “sell” signals.   

USDCHF
Dominant bias: Bullish
Just like EURUSD, USDCHF consolidated last week, in a context of an uptrend (albeit some shallow bearish correction has been witnessed on smaller time horizons). Price has been able to stay above the support level of 1.0000; for a movement below that support level would result in a bearish bias. Price could reach the resistance levels at 1.0100 and 1.0150 within the next several trading days. This week, the movement on USDCHF is subject to whatever happens to EURUSD.   

GBPUSD
Dominant bias: Bullish   
Cable went up by 190 pips, testing the distribution territory at 1.2550, before a shallow correction that was witnessed at the end of last week. The outlook on Cable remains bullish (and some bullishness would be detected on GBP pairs as well). The distribution territory at 1.2550 would be tested again and most probably, breached to the upside, as price then goes on towards other distribution territories at 1.2600, 1.2650 and 1.2700.   

USDJPY
Dominant bias: Bearish
As it was predicted, USDJPY went south by nearly 290 pips last week, thus ending the flat movement that happened in the market between April 3 and April 7. There is a clean Bearish Confirmation Pattern in the market and the outlook on it remains bearish for this week and this month (an outlook that is also true of other JPY pairs). This week, bears would make attempt to push price below the demand levels at 108.50, 108.00 and 107.50.   

EURJPY
Dominant bias: Bearish   
Our bearish targets for this market were exceeded last week, since price closed below the supply zone at 115.50., now aiming at the demand zone at 115.00. Price dropped 270 pips last week – having dropped roughly 730 pips since March 13, 2017. Further and further bearish movement is envisaged as price goes towards the demand zones at 115.00, 114.50 and 114.00. These are initial targets for the next several trading days, as they could be exceeded. Temporary bullish attempts could also be witnessed this week. 

This forecast is concluded with the quote below:

“It feels good when I look at returns of big hedge funds, and see that I beat many of them almost every year.” - Roland Manuhutu

Speculation would first seem to be one of the easiest things on earth because you might think of making money by hitting bid and ask buttons for trading instruments of your choice. Hitting bid and ask buttons can be learned by everybody, but it remains a mystery that doing this does not bring easy money. It is no longer a secret that majority of traders lose. Pros know that. Newbies know that. Those who do not trade know that. Millions of trading styles and approaches have been used under heaven, but majority of them seem not to be working. Why?

The answer: You alone can determine whether you will become successful or not. Some want to succeed as traders but they get entangled in what can be called self-sabotage. They do exactly what look satisfactory in the short-term, but which cannot help them in the long run. What is then the way out?

You simply need to learn the insights, approaches and thoughts of super traders. And when you adapt and apply them to your trading styles, you would also find it easier to deal with the vagaries of the market triumphantly. That is when good strategies you use can work for you. Good strategies cannot work for you if you approach the market with illogical trading psychology.


Insights into the Mindset of Super Traders: http://www.advfnbooks.com/books/insights/index.html 

“Insights into the Mindset of Super Traders” reveals the life stories of selected 20 master traders, how they think, how they view the markets, and how they make their fortunes.

Some of them are:

Lan Turner, who turns simple trading ideas into millions.
Dirk Vandycke, who has made thousands of percentage returns simply by accepting the truth about trading.
Michelle Williams, a female trader who once won a trading championship
Martin Zweig, who was one of the most successful traders of the last century
John Arnold, who became so rich that he retired himself at the age of 38, while many older people were still sweating over pensions
Bruce Kovner, who is one of the least known billionaire traders
Michael Platt, who is an accomplished trading risk manager
Martin Schwartz, who lost money for 9 year before becoming a permanently successful trader
Louise Bacon, and old veteran trader who tells us his intriguing story
Sir John Templeton, who is truthfully the greatest global stock picker of 20th century

Look at giants being pursued by cockroaches! May the spell of ignorance on you be broken. There are many future master/pro/expert traders reading this book who are being discouraged by those who are ignorant of the realities in the market. They are being discouraged by temporary setbacks. The providence has ordained you to attain international acclaim through successful speculation, and end up blessing lives, lifting people out of penury and bringing smiles to the face of the dejected. Here you are, oblivious of your trading potential, caught in a rat race.



Insights into the Mindset of Super Traders: Advfnbooks.com/books/insights/index.html 

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
In the context of a downtrend, this pair moved sideways from Monday till Friday, trending south on Friday. Price closed below the resistance line at 1.0600, going towards the support lines at 1.0550. Rallies in the market are supposed to be temporary in most cases. There remains a bearish Confirmation Pattern in the market, and there are additional bearish targets at the support lines at 1.0500 and 1.0450. 

USDCHF
Dominant bias: Bullish
USDCHF consolidated in the first few days of last week and then trudged northwards. Price moved upwards 80 pips last week (having gone upwards by 270 pips since March 27). The support levels at 1.0050 and 1.0000 might try to impede short-term pullbacks as price noses towards the resistance levels at 1.0100 and 1.0150 this week. There cannot be a change in the trend unless EURUSD trends upwards significantly. 

GBPUSD
Dominant bias: Neutral   
The market did not make any directional movement last week, save a shallow bearish movement that was seen on April 7. The market would remain in this newly established equilibrium phase as long as it moves between the accumulation territory at 1.2300 and the distribution territory at 1.2600. A movement above the aforementioned distribution territory or below the accumulation territory would mean a beginning of another bias on the market. However, the most likely movement is towards the north. It is borne in mind that the outlook on GBP pairs is strong bullish for this week – so a bullish breakout may be witnessed on this market before the end of the week.
USDJPY
Dominant bias: Bearish
This trading instrument also consolidated throughout last week, neither moving above the supply level at 111.50 nor moving below the demand level at 110.00. The bias on the market is bearish; plus the outlook on JPY pairs remains bearish for this week and this month. Therefore, when momentum rises in the market, it would most possibly be in favor of bears. Most probably, price would move further downwards once the demand level at 110.00 is breached to the downside.   

EURJPY
Dominant bias: Bearish   
EURJPY dropped 110 pips last week, testing the demand zone at 117.50 (which was tested several times, though without success). Since March 13, price has dropped roughly 500 pips, and more decline is anticipated this week. One factor aiding the bearishness in this market is the weakness in EUR itself. Once the demand zone at 117.50 is breached to the downside, price could make effort to reach other demand zones at 117.00, 116.50 and 116.00 this week.

This forecast is concluded with the quote below:

“At the moment I am able to live from my trading income and I hope I can do this for the longer term.” - Matthias Knopf

AUS200
Dominant bias: Bullish
The market consolidated from March 3 to 27, and then moved upwards protractedly till the end of March. The bullishness in the market is still being preserved, though things are choppy and volatile at the present. In April, it is expected that price would continue going upward, and gradually. The resistance lines at 5900.00 and 5950.00 are the immediate targets for bulls. The ultimate target is the resistance line at 6000.00. As price journeys upwards, there would be occasional pullbacks along the way – and some can even be large.

SPX500
Dominant bias: Bullish
SPX500 underwent some bearish correction throughout March 2017, but that was not significant enough to pose any threat to the dominant bullish bias, let alone invalidating it. Right now, the bearish correction is still in place, and it might continue this month (until something fundamental forces price to change its course). A movement below the support level at 2300.0 would threaten the bullish bias; while a movement below the support level at 2200.0 would result in a clean bearish outlook on the market. Unless these support levels are broken, any bearish corrections would be viewed as transient.   

US30
Dominant bias: Bullish
As usual, the movement on SPX500 is essentially similar to the movement on US30, since the conditions surrounding both markets are the same. US30 consolidated throughout last month, as bears subtly pushed price gradually south. The downwards correction is still in place, and it might end becoming an opportunity to go long at better prices. The bullish bias would continue to hold as long as price does not go below the accumulation territory at 20000; though the accumulation territories at 20500 and 20300 could be tested temporarily. 

GER30
Dominant bias: Bullish
This market was able to continue its bullish movement last week. The bullish movement started in 2016, and there is still much room for further bullish movement. Last month, price reached a low of 11847.3 and a high of 12342.9. A movement below the low of last month would result in a bearish signal; while a movement above the high of last month would result in stronger Bullish Confirmation Pattern in the market. Given the current price action, a movement to the upside is the most likely. Eyes are on the supply levels at 12300.0 and 12500.00. 

FRA40
Dominant bias: Bullish
FRA40 was able to avoid a major pullback in March, as it reached an equilibrium phase. Price broke to the upside on March 27, rallying till the end of the month. There is yet to be a directional movement so far in this month, but price is playing itself out in the context of an uptrend. It is expected that price would go out of balance again, and there is a probability that the breakout would be in favor of the existing bullish bias. While there also would be some corrections in the market, the supply zones at 5150.0, 5200.0 and 5250.0 could be reached before the end of this month. 

GOLD (XAUUSD)
Dominant Bias: Bullish 
Gold is now a bull market, which is supposed to continue for some time. The bullish trend that has started on Gold since the beginning of this year came under attack from February 27 to March 14. Price reached a low of 1194.73 in March, and then moved upwards by roughly 6500, to help reinforce the existing bullish trend.  April has been started on a bullish note and price may continue going upward and upwards, reaching the resistance levels at 1270.00, 1290.00 and 1300.00. Price is about to break the high of March, which is 1260.83.

SILVER (XAGUSD)
Dominant Bias: Bullish
Just like Gold, Silver has been in a bullish trend since January 2017, and the bullish trend is supposed to continue going upwards and upwards. Within March 2 – March 14, the market came under heavy selling pressure, which almost brought the bullish trend to an end. However, price started going upwards on March 15, and price has gone upwards significantly since then, establishing bulls’ supremacy once again. Price is now close to the high of March, which is 18.462. After breaking the high to the upside, price would then go towards the supply levels at 18.5000, 19.0000 and 19.5000.

BITCOIN (BTCUSD)
Dominant Bias: Bullish
Bitcoin, which has been trending upwards for several months, was mostly bearish in March. Price was highly volatile and choppy that month, as it went steadily southwards. Nonetheless, the southward movement was not strong enough to completely override the extant bullishness in the market. Last week, price began making some effort to go upwards. The effort to go upwards is still in place and it is expected to continue as price goes towards the distribution territories at 1150.00, 1180.00 and 1200.00 within the next few weeks. The distribution territory may even be exceeded.

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair went upwards early last week, tested the resistance line at 1.0900 and then nosedived by almost 250 pips. Price is now very close to the support line at 1.0650, which would be breached to the downside as price goes towards another support lines at 1.0600 and 1.0550. The outlook on EURUSD, as well as other EUR pairs, is mostly bearish for this week and for this month; though there would be some visible rally attempts in the market.

USDCHF
Dominant bias: Bearish
USDCHF went upwards last week. Price first moved briefly below the support level at 0.9850 and then rose upwards for the rest of the week, closing above the support level at 1.0000. A movement above the resistance level at 1.0050 would pose a threat to the recent bearish bias; while a movement above the resistance level at 1.0100 would result in a bullish bias. This week and this month, the movements on USDCHF would be largely determined by whatever happens to EURUSD.

GBPUSD
Dominant bias: Bullish 
GBPUSD first moved upwards last week, testing the distribution territory at 1.2600 and then went south, reaching the accumulation territory at 1.2400. Price made several futile attempts to breach that accumulation territory, and later rose up towards the distribution 1.2550. The distribution territories at 1.2600 and 1.2650 could be tested this week, as the market goes further upwards. There would be very strong bearish and bullish movements on GBPUSD this month (which is true of other GBP pairs).

USDJPY
Dominant bias: Bearish
USDJPY went upwards throughout last week, but that was not significant enough to override the current bearish bias. Price reached the supply level at 112.00 and later closed below the supply level at 111.50. There was an expectation of a very strong bullish movement last week: The market did move upwards but it was only a movement of roughly 170 pips. Price may move further upwards, but that movement would not be strong. The outlook on JPY pairs is bearish for April 2017. 

EURJPY
Dominant bias: Bearish   
The market consolidated for most of last week, in the context of a downtrend. The consolidation started on March 22 and ended on March 31, when price broke southwards, closing below the supply zone at 119.00. There are immediate targets at the demand zones of 118.50 and 118.00, but the targets may be exceeded. The outlook on JPY pairs is bearish for the month of April, and as EUR becomes weaker in itself, the market would continue to journey southwards.   

This forecast is concluded with the quote below:

“A trading strategy is defined by a set of rules. It is following these rules that give the system it’s ‘edge’ over a period of time. This edge produces a result that is better than random, and most importantly produces a profit.” - Jasper Lawler

Can you be too stupid to trade and the answer is obviously yes. If you are defeated by how your toaster works then trading is not for you, nor is anything else probably. However, my observation over the decades has been that despite what the industry would have you believe trading is not that hard. The cognitive skills one needs are quite limited, in fact the smarter you are the harder trading seems to be as there is a constant desire to tinker or set off on a quest for the Holy Grail. LB often says that you need to be smart enough to write a trading plan and dumb enough to follow it religiously and this seems about right.

What does inevitably defeat people is their own psychology and inability to either adapt or let go of their most deeply held beliefs about trading and themselves. As an example I was in the background when LB had a conversation with a trader recently and this particular individual was so wedded to things they had heard on internet chat forums that they simply couldn’t let them go despite them being wrong.  A major point of contention was their belief that you had to get the majority of your trades right or you just couldn’t make money. This is clearly incorrect and can be shown to be show quite quickly. The table below looks at the percentage of winning trades needed to be profitable based upon the average R multiple of each trade.

Please visit this link to see the graphs that come with the article: http://tradinggame.com.au/a-question-i-often-ponder/?utm_source=Blog+Subscribers&utm_campaign=7415e3b213-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_eb90516269-7415e3b213-43344013 

As you might expect the larger your average R the larger the effective buffer you have to insulate you from being incorrect and since being incorrect is the default state for traders this is a handy thing to know. This is of course a simulation and the real world is a little bit dirtier than this so I went back and looked one of my short term systems for the past four years. Surprisingly, for a short term system it trades quite infrequently. The results presented below are from the S&P/ASX200 which is one of the instruments in the portfolio I trade with this approach.

If you were simply judging this system on the number of trades it got right then you would consider it to be a bit of a disappointment but each year it has been profitable. This profitability is based upon catching one or two big moves during the year and simply hanging on. This is what saved the system in 2015 when it made no money for the bulk of the year. This highlights the dichotomy that appears in trading – there are traders who trade for entertainment and part of this is having your ego massaged by thinking you are correct. And then there are those of us who trade simply for money. If I am to be charitable it is quite natural for people to think that you need to get the majority of trades correct in order to win since we are geared to accept reward as being commensurate with being right.

All of the above is predicated on two things – they are average returns over time and it is this notion of the deep time needed in trading that causes people difficulty. You have to allow the system time to build momentum and for you to get used to its ebbs and flows. As I seem to repeat endlessly trading is not a lottery you don’t suddenly wake up one day and make $20 million. You grind away over time.

Author: Chris Tate

Article reproduced with kind permission of Tradinggame.com.au

Below are some useful quotes from trading experts:

‘”Insisting on perfect safety is for people who don’t have the balls to live in the real world.’ (Mary Shafer -NASA Dryden Flight Research Center, Edwards, CA SR-71 Flying Qualities Lead Engineer)… I stumbled across this quote and thought it was the most perfect description of what is required for trading. If you don’t have the nerve to accept that trading is an imperfect, dirty and chaotic endeavor then it is not for you.” – Chris Tate

“There are plenty of traders who make their money when a market is not going anywhere. Option sellers who straddle and strangle love markets that are going nowhere at all...” – Andy Jordan

“Risk is the most relevant aspect of trading! Risk is the only thing you can control. You cannot control your profits.” – Topsteptrader

“Self-mastery makes trading mastery and wealth mastery easy.” – Van Tharp

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
EURUSD managed to hold out its bullishness last week, in spite of the current short-tern consolidation in the market. Price reached the resistance line at 1.0800 and moved sideways till Friday. Many unsuccessful attempts were made to overcome the resistance line at 1.0800, but price could not stay above it. This week, that resistance line could possibly be overcome as another resistance line at 1.0800 is possibly targeted. However, there is also a strong possibility of weakness in the market; unless USD continues to be weak versus EUR.

USDCHF
Dominant bias: Bearish
Price dropped 70 pips last week, testing the support level at 0.9900. Attempts to breach that support level have not been successful, but that could happen this week, as selling pressure continues in the market. Since price has already gone below the psychological level at 1.0000, it would not be easy for it to go above that level again. There are potential targets at the support levels of 0.9850 and 0.9800 this week, which could be reached as long as USDCHF continues its weakness.

GBPUSD
Dominant bias: Bullish 
GBPUSD went upwards last week, reaching the distribution territory at 1.2500; and then consolidating till the end of the week. There is a strong Bullish Confirmation Pattern in the market, and the outlook on GBP pairs continues to be bullish, and further bullish movement is expected on GBPUSD this week. The pair would go upwards by a minimum of 150 pips, testing the distribution territories at 1.2550, 1.2600 and 1.2650.
.
USDJPY
Dominant bias: Bearish
This pair dropped 160 pips last week. Since March 10, price has dropped 430 pips, leading to a strong bearish bias on the market, which would continue as long as USDJPY is weak. The demand level at 111.00 was tested several times last week, but price managed to close above it. This week, further southwards movement would happen, once the demand level at 111.00 is breached to the downside. However, there is an indication of probable rallies on JPY pairs before the end of the month, which would also affect USDJPY.

EURJPY
Dominant bias: Bearish   
Last week, there was some downwards movement on this cross, which dropped 180 pips to test the demand zone at 119.50. Since March 13, price has dropped 310 pips. There is currently a “sell” signal in the market, which may enable the demand zones at 119.00 and 118.50 to be reached. On the other hand, there could be a rally in the market before the end of the month. This is also expected on other JPY pairs. 

This forecast is concluded with the quote below:

“It is critical to develop a well thought out and organized trading plan. It is then important to have the discipline needed to follow it… Trading should bring fulfillment of your business and personal goals.” – Andy Jordan

One of the frustrating things about being a trend follower is that it takes time to overcome the inertia of a new system, particularly if that system is based upon slightly longer time periods such as weekly data. Part of the frustration that traders encounter is based upon the simple mechanics of how systems work. A system that is correctly designed takes its losses quickly and allows its profitable trades to simply roll along.

This results in the system instantly going into drawdown and it is this drawdown that causes traders to develop friction with their system. This friction often leads to tinkering as they attempt to force the system to give them something it cannot give. This is exacerbated in times of a flat market – you cannot force returns from a market. The All Ords of late has not really been a stand out performer as can be seen from the chart below the market has been slowly grinding its way up in a broad channel.

With this in mind I thought I would look at the yearly returns for the various stocks within the All Ords – so I found some data on their percentage returns and stuck it into a frequency histogram to see what the performance of individual stocks looked like.

Please visit this link for the charts and images that come with this article:   http://tradinggame.com.au/where-is-the-money/?utm_source=Blog+Subscribers&utm_campaign=2e70d91994-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_eb90516269-2e70d91994-43344013   

I have a arranged the data into a serious of blocks and did a count of the number that fell into that category. I also calculated the average performance of the group which for this period stood at 17.09%. However, if I drop out the 200% and above outliers this average value falls to 13.04%. As you might have guessed the majority of values cluster around the mean with a long right handed tail. This sort of distribution is common with stocks since we have unlimited upside but limited downside – a stock cannot decline more than 100%.

Our psychology dictates that we are instantly drawn to the right hand side of the chart and the extreme outliers that occurred over the past year. And as traders these are the sort of trades that we hope ours might evolve into. However, in doing so we ignore that left hand side of the chart. The majority of stocks (60%) have below average performance.

You may assume as a trend follower that this is not an issue since you would avoid these large losses and poor performance by the use of stops but that ignores the reality of the actual trading process. As a mechanical trader you will not incur these losses but you will burn time wading through these non performing stocks before you hit the ones that do perform. You waste time, a little bit of money and a lot of patience dealing with this mediocre performance.

My anecdotal experience has been that trading returns are made up of a lot of modest returns and a tiny handful of trades that do very well but to get to the ones that do very well you have to crank through a reasonable number of trades and you have to keep going.

This is where the notion of emotional resilience comes into its own in trading and the ability not to tinker with the system hoping that it will generate these sorts of trades. Systems don’t actually generate these sorts of trades – the market does so you cannot actually build a system with the preconceived notion that it will find you trades that generate a 500% return. What the system does do is generate a population of trades, most of which will be duds and hopefully a few large winners. But in the beginning all trades look the same.

Author: Chris Tate

Article reproduced with kind permission of Tradingggame.com.au

More helpful quotes from professional traders are added below:

“As always the battle is not with the market but with yourself.” – Chris Tate

“Get any group of traders together and you will notice that the novices tend to talk about indicators and charting patterns, whilst the professionals discuss trading psychology and money management. In the beginning, you’ll underestimate the importance of these two key areas.” – Louise Bedford

“Most people have an “interest” in becoming consistently profitable traders. However, few possess the essential ingredient of “total commitment.” Total commitment is what is demanded for a high level of success from any endeavor. A trader with commitment will take the money away from 100 traders who have only an "interest.” – Joe Ross

“In fact I would say trading without a stop is like walking a tight rope without a net. You should always place a stop, not because you expect the market to go against you, but to protect against the unexpected. The worst losses I've seen have resulted from a trader not having a stop order in place and the ensuing deer-in-the-headlights paralysis that sets in once losses start to mount.” – Andy Jordan

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair trended downwards on March 13 and 14, testing the support line at 1.0600. From the support line, price rose by 180 pips, going briefly above the resistance line at 1.0750 and then closing below it on Friday. The bullish signal is still in place, and further rise in price may be witnessed this week, which would enable price to go above the resistance line at 1.0750 again. However, it is also possible that EURUSD would trend downwards before the end of this week.


USDCHF
Dominant bias: Bearish
As it was forecast last week, the weakness in greenback has caused USD/CHF to fall (as well as the bullishness of EURUSD). Price consolidated from Monday to Wednesday, and later plummeted on that day, to form a strong Bearish Confirmation Pattern in the market. The support level at 0.9950 has already been tested. As long as EURUSD is going up, USDCHF would be going down. On the other hand, whenever EURUSD showcases conspicuous weakness, USDCHF would rally seriously (something that may happen this week or next).

GBPUSD
Dominant bias: Bullish 
The main reason why Cable was able to rally last week was because USD became week. Before that, bears had met some impediment at the accumulation territory of 1.2150; a territory from which price rose 250 pips to test the distribution territory at 1.2400. There is already a bullish outlook on the market – which would continue to hold out as long as USD is weak enough to allow further rally. Any show of strength in USD would send Cable tumbling.

USDJPY
Dominant bias: Bearish
In the last weekly forecast, it was mentioned that any show of weakness in USD would render bullish effort invalid in this market. That was exactly what happened: From the beginning of the week till March 15, price was consolidating. However, price began to trend downwards as USD became weak. There was an overall bearish movement of almost 250 pips last week, between the supply level at 115.00 and the demand level at 112.50. This week, further downwards movement is possible, but not without a possibility of a rally this week or next. 

EURJPY
Dominant bias: Neutral   
Last week, this cross moved slightly southward by some 150 pips. This contrasted with the recent bullish bias, thus creating a short-term neutral bias on the cross. On Friday, the cross closed around the demand zone at 121.00. Further southward effort may bring price towards another demand zones at 120.50 and 120.00. But it should be noted that the outlook on JPY pairs is bullish, and they would rally before the end of March 2017, especially when JPY itself becomes weak.

This forecast is concluded with the quote below:

“Isn't it time you took control of your own trading? Somewhere inside you there is a brilliant trader wanting to come out.” – Louise Bedford