FOREX- Daily Update 1 , November 17, 2015

Silver

Technical Reports

 

Silver Forecast November 17, 2015, Technical Analysis
Silver markets initially tried to rally at the open on Monday, but struggled at the $14.50 level to end up falling and form a shooting star again. 

Crude Oil

Technical Reports

 

Technical Analysis Crude Oil for November 17, 2015
Crude oil prices rebounded on Monday after testing the November lows at 40 per barrel early in the North American trading session.  Prices have been under pressure and Friday’s announcement.

Gold

Technical Reports

 

Gold Prices November 17, 2015, Technical Analysis
Gold markets initially tried to rally on Monday, but struggled at the $1100 level. This was probably a knee-jerk reaction to the attacks in Paris.

Technical Analysis Gold for November 17, 2015
Gold prices whipsawed on Monday.  The initial reaction to the terrorist attached in Paris was to bid up the yellow metal.  Traders pushed prices up to the 10-day moving average.

Comex Gold Futures (GC) Technical Analysis – November 16, 2015 Forecast
Safe-haven bids helped drive December Comex Gold futures nearly 1 percent in early trading on Monday. The move was fueled by investors looking for safety following Friday’s deadly attacks.

Fundamental Reports

 

Precious Metals Fundamental Analysis – November 17, 2015 – Forecast - Gold, Silver & Platinum
Analysis and Recommendations: Gold gained a bit over $10 but gave back some of its initial gains as markets seemed to remain unstressed over the terrorist acts in France.

Brent Oil

Technical Reports

 

Crude Oil Forecast November 17, 2015, Technical Analysis
Light Sweet Crude The light sweet crude market went back and forth during the course of the day on Monday, testing the $40 level for support.

Fundamental Reports

 

Crude & Brent Oil Fundamental Analysis – November 17, 2015 - Forecast
Analysis and Recommendations: Crude Oil gained 38 cents to trade at 41.12 giving back some of its early morning gains as markets seem to be less panicked than expected.

Natural Gas

Technical Reports

 

Natural Gas Forecast November 17, 2015, Technical Analysis
The natural gas markets initially gapped higher at the open on Monday, but turned back around to fall and test which should now be support.

Technical Analysis Natural Gas for November 17, 2015
Natural gas prices whipsawed on Monday.  After initially moving higher in the wake of the Paris attacks, prices moved lower but closed up on the session.

Fundamental Reports

 

Natural Gas Fundamental Analysis – November 17, 2015 - Forecast
Analysis and Recommendations: Natural Gas  soared 67 points to 2.428 after a delayed inventory report on Friday and colder winter weather slowly arriving in the Northeast.

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Forex Trading – Descipline and confidence

There were a group of traders nicknamed “the turtles” who were taught by trading legend Richard Dennis and the only thing they had in common was – they had never traded before. After 14 days they started to trade and made millions but how do they do it?

First let’s look at the background to the experiment.

Richard Dennis believed that everything about trading could be specifically learned and his partner Richard Erkhard disagreed, so Dennis set out to prove his point.

He collected a diverse group together – of all ages, both sexes and varying levels of education. The group contained a Boy fresh from school, a female auditor, a security guard an actor and a couple of professional card players, to name a few.

Dennis then set about teaching them a simple method and the discipline to trade the method. After 14 days they were all set to trade and they started and made him over $100 million dollars and many of them still trade today.

So what was their secret?

The answer is Dennis taught them a simple method but he taught them to have confidence in what they were doing so they would have the discipline to follow their method through periods of losses to achieve long term forex trading success.

What can you learn from the turtles?

The first point is anyone can learn to trade, if they have the right forex education, as forex trading is a learned skill.

Secondly, your method does not need to be complicated – but you need to have confidence in it. Trading is as much in the mind as it is in your method.

If you keep your method simple, you are more likely to understand it and be able to execute it with discipline furthermore, a simple method will tend to work better than a complicated one in the brutal world of trading, as there are fewer elements to break.

One of the keys to the turtles success was their money management techniques. This is a neglected area for many forex traders and most do it simply as an after thought. If you want to win at forex trading, you need to operate a rigorous and well thought out money management plan.

Could you be successful?

Yes – anyone can, you may not be as successful as the group above – but you can achieve currency trading success as it’s a learned skill.

Today, many traders think they can simply buy success and there is a huge industry in selling systems with simulated track records that greedy traders buy and of course they don’t win.

You don’t buy success for a few hundred dollars and no effort!

Not only are most of the trading systems junk – but any trader must learn that success comes from within.

Having a successful method is essential – but so to is having the confidence and discipline to follow it – if you don’t have discipline to follow your method you don’t have one at all.

Dennis made sure when he taught them that they understood what they were doing so they could have confidence and discipline to follow their plan.

In forex trading mindset is just as important as knowledge.

Forex trading is not a walk in the park and you wouldn’t expect it to be, with the rewards on offer but if you have a desire to succeed and you a willingness to acquire the right knowledge and adopt the right mindset you can win.

Forex trading offers limitless opportunities for those traders willing to put in the time and effort to learn a method they can have confidence in and follow with discipline.

Sounds simple?

In essence it is – but you must accept you are in charge of your own financial destiny and you must work smart to win.

Understand the above and you can enjoy currency trading success.

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WOW!!!. Discipline in Forex Trading

Everybody has a different definition for discipline. Most people think that discipline means seriousness in doing something. This is true but discipline has a wider meaning when it comes to forex trading.

In forex trading, discipline means following your trading system rules strictly and precisely. Over 95% of forex traders lose, not because they do not have a good trading system or they have not learned the techniques. They lose because they fail to follow their trading system rules. They lose because they have no discipline. When you ask them about the techniques, indicators and systems they use, they explain very well, but when you ask them about their trading performance and whether they are profitable or not, you will see that they are not profitable yet.

An undisciplined forex trader may be luck enough to make money trading currencies in theshort term. Still, the odds indicate that they areasking fortrouble to appear in the form of undesirable losses if they persist in losing theirtrading discipline on a regular basis. Losingdiscipline when it comes to taking profits maynot be too traumatic for a trading account, aslong as a trading position is closed out beforeany losses start to accrue. Of course, the main

risk undisciplined traders take is when it comesto closing out losing positions, which reallyneeds to be done as soon as the losing trade isrecognized as unlikely to succeed. Without thediscipline required to cut such losses promptly, a

trader can soon go broke, so it makes good sense to maintain discipline whenever trading in your Forex account.

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BALMAIN x H &M Fashion Show

Watch Balmain x H & M Fashion Runway Show
( full length HD ) by Balmain Creative Director
Olivier Rousteing featuring supermodels
Kendall Jenner , Gigi Hadid, Karlie
Kloss, Jourdan Dunn, Alessandra Ambrosio .
Check out the opening music track “ Walk
for Me ” by VAZ, the official song for the
Balmain x H & M Campaign # HMBalmaination .

On Tuesday night , on Wall Street in New York,

the Balmain x H &M Collection made its

global runway debut in front of acelebrity -packed audience which included Gigi

Hadid ,

Kylie Jenner, Kendall Jenner , Ne- Yo, Diane

Kruger , Coco Rocha, Jourdan Dunn , Zachary

Quinto and F 1 Champion driver Lewis

Hamilton were among the guests on hand to

get an exclusive look at the glamorous,

powerful and richly detailed collection

designed by Olivier Rousteing . The Balmain

collection will be available in H& M US stores

and worldwide, as well as online, starting on

November 5, 2015 .

The night was as bold and powerful as

Rousteing ’ s designs , bringing together

fashion and music to celebrate the collection

in a venue themed like a futuristic subway

system. After an exclusive preview of the

campaign music video, starring Kendall

Jenner, dance crews hyped up the crowd for

a runway show featuring top models.

After the fashion show , the Backstreet Boys’

took to the stage for a surprise live

performance keeping the energy going late

into the night with an audience packed with

celebrities and fashion industry press

celebrating the momentum for

# HMBalmaination .

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Orange Culture

The Orange Culture man has now found
his female counterpart with the latest
seasonal offering. Designer, Adebayo
Oke-Lawal, debuted womenswear this
season although the line was as gender
neutral as one could wish for.
   

Focusing

on a deep, gemstone palette of ruby,

emerald, sapphire, amethyst along with

neutral hued looks the nomadic display

dived in and out of familiar silhouette

construction resulting in a line that felt

interestingly new and refreshingly

modern.

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From Lagos fashion and design week

Lanre Da Silva Ajayi
   
      Titled Geometric Fusion, the latest
collection from Lanre Da Silva Ajayi
was a major achievement in the golden
ratio.
    

The event closer of Lagos

Fashion & Design Week, used tie-dyed

prints from Nike Art Gallery and digital

images to create her seasonal print

imagined in shiny metallic, prismatic

shards, and bold color. The result was

a collection that moved far from

timidness and was a further evolution

of the fearless LDSA woman.

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LAGOS FASHION AND DESIGN WEEK

Buzzing, bubbling, busy Lagos stands as
the axis of Western Africa’s newly
developing fashion scene. As Lagos
Fashion and Design Week closed last
week after its fifth undertaking, there
seemed to be a proclaimed positivity
about the future support of the designers
that chose to show in the city. That
positive zeal was contagious despite any
hiccups that might have happened and
provided a great energy for the talented
range of designers declared to the world.

Nigeria stands as Africa’s largest

economy with over $500 billion (and

rising) GDP brought mostly through the

oil, telecommunications and banking

sectors so it’s no wonder that the mega-

city has piqued the interest of investors

across the board. What stands true with

their economic boom and burgeoning

fashion authority is this – you can no

longer ignore what is happening there.

Models.com traveled to LFDW to discover

the talent for ourselves and noted the

stand-out collections that should

definitely be on your radar.

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