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What should you wait today from the Fed?

· First, the market is widely priced in receiving new forward guidance from the Fed.

· If this guidance is strong enough to suggest close by hiking of the interest rate in US for the first time since 2006, The greenback can have leeway for rising.

· If the guidance is soft and can carry different meanings the greenback can be steady like what they have done when they have omitted "the patience stance" replacing it by shown cautiousness...
Here’s the market outlook for the week:

EURUSD

Dominant bias: Neutral

This pair experienced a great deal of volatility last week. Price went up on Monday, and then dropped seriously from Tuesday to Thursday. On Friday, price spiked upwards and immediately following that, got corrected to the downside. The high volatility and short-term swings in the market have cancelled any directional bias on the market, not because of any equilibrium conditions, but because neither...
Close to 90% of all traders lose money (see Why Most Traders Lose Money and the Market Requires It) . The remaining ten percent somehow manage to either break even or even turn a profit — and more importantly, do it consistently.

How do they do that?

That’s an age-old question. While there is no magic formula, Elliott Wave International’s Senior Trading Instructor Jeffrey Kennedy has identified five fundamental flaws that, in his opinion, stop most traders from being consistently...
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Advantages of the Forex Market
Forex, Fx, Online Trading, Trading fx, Currency Trading

The Forex or foreign exchange market has many advantages over other types of tradin. Since it is an OTC (over-the-counter) market, the Forex market is open 24 hours a day, unlike the regular...
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 10

“Negativity is real, but consistent loss is optional.” – A.M.

Name: John Arnold

Year of birth: 1974

Nationality: American

Profession: Retired funds manager, investor and currently a philanthropist

Career

Raised in an upper-class home, in Texas, USA, John’s dad was an attorney and his mom was an accountant. While John was still a teenager, he lost his precious dad. In 1995, he earned a Bachelor’s degree in Economics...
This article was sent to me by a friend, and I thought it was very good. I am not sure of the source of the article (so if anyone knows, please let me know) but it takes a look at why as day traders it can be hard to stick to our trading plan. Day trading takes self control; whether we trade the stock market, the currency market or the commodity market we need to possess self-control, which can be elusive at times.

Self-Control: Biological Factors

By Michael Shopshire, PHD

Do...
CommodityTipsMoneyMaker's updates: Midcap and Smallcap shares are in buying trend today. CNX Midcap index closed at 13457.35 with gain of 0.8% while BSE Smallcap index closed at 11619 with gain of 0.8%.
Vedanta, HDFC, Tata Steel, Hindalco and Tata Motors are top gainers while ITC, ONGC, NTPC, GAIL and Reliance are among laggards in the Sensex.Live Stock Tips

· BUY VENKYS (LCP-506.85) ABOVE 509 TG-514-521

· SELL TATA ELEXI (LCP 1615.1) BELOW 1611 TG-1603-1593

· BUY LA OPALA (LCP-430.25) ABOVE 432 TG-437-443

· BUY VADILAL (LCP-809.35) ABOVE 812 TG-819-827
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Background:
The vertical bars showing volume on the bottom of price charts provides a quick visual picture of how market activity is quantifying buying and selling pressure, but raw volume numbers for a given period are not precise enough to really show volume flow. To get more detail out of volume, legendary trader Joe Granville introduced on-balance volume (OBT) in 1963, which uses volume at different prices to produce a line that makes the trend in volume easier to see than with...
Today’s Stock Tips
· SELL RAJESH EXPO (LCP-532.45) BELOW 529 TG-524-518
· SELL RS SOFTWARE (LCP 195.45) BELOW 193 TG-189-185
· SELL EROS (LCP-594.9) BELOW 592 TG-587-581
· SELL VADILAL (LCP-789.95) BELOW 786 TG-781-773
Market has opened in green after the severe loss on Monday. The Sensex is up 57.02 points at 27618.40 and the Nifty is up 16.25 points at 8377.25.