Konstantin Razoumov studied at the studio of Ilya Glazunov at the Academy of Fine Arts of Moscow. An exciting young artist, Razumov's works are now much in demand. Influenced by many styles, he has mastered the technique of combining both Realism and Impressionism. In most of his figural paintings, the features of hands and face are painted realistically, while fabrics and the surroundings are painted with an impressionist brushstroke.
Dayang Bunting is the second largest island in Langawi's cluster of 99 islands. It's located offshore and south of the main island, and can easily be reached by a boat. So why is this island so famous? The literal meaning of its name is 'Island of Pregnant Maiden'. And it has a wonderful large fresh water lake (known as Lake Guillemard) surrounded by hills having dense rain forests. The lake too is known as Lake of the Pregnant Maiden.
The legend says that a man named Mat Teja met and fell in love with the princess Mambang Sari at the lake. They eventually married and the princess gave birth to a son. However their son did not live long and soon died. Having reconciled with their misfortune, they decided to lay their son in the water of the lake and allow him to rest in peace. The gracious princess also blessed all women having difficulty in conceiving a child. They would become fertile once they take a dip into the water of the lake.
Although not proven scientifically, this remains as a strong belief within the locals. To add to the mystery that surrounds the island and the lake, if you take a look at the hills that forms the backdrop of the lake, from an angle it looks like as if a woman is lying on her back and the belly bulging out like that of a pregnant woman.
An amazing thing about the lake is, although it lies very close to the sea and separated by only a thing strip of rocks, it is a fresh water lake. Once you reach the island, there is a narrow jetty and then a concrete narrow pathway that leads up to the hills through the forest. After about 10 minutes of climb along steps on the hill, there are some 100 steps that leads down to the beautiful lake on the other side of the hill. The lake has deep blue waters.
Stock Market Trend – Eye Opening Information (source - thetechnicaltraders.com)
Monthly Bearish Trend Outlook
Below you can see the simple logical move that should occur next for stocks based on the average bull market lasts four years (it has been four years) and the fact the negative credit is so high again. Also, poor earnings continue to be released for many individual names across all sectors of the market. While corporate profits may be holding up or growing in some of the big name stocks, revenues are not. This means the big guys are simply laying off workers and cutting costs still. Overall the stock market is entering its strongest period of the year. So things could get choppy here with strong up and down days until Jan. After that stocks could start to top out and eventually confirm a down trend. Keep in mind, major market tops are a process. They take 6-12 months to form so do not think this is a simple short trade. The market will be choppy until a confirmed down trend is in place.
Monthly BULLISH Trend Outlook
This scenario is the least likely one floating around market participant’s minds. It just does not seem possible with the global issues trying to be resolved. With the Federal Reserve continuing to print tens of billions of dollars each month inflating the stocks market this bullish scenario has some legs to stand on and makes for the perfect “Wall of Worry” for stocks to climb. The US dollar is likely to continue falling in the long run, but I do not think it will collapse. Instead, it will likely grind lower and trade almost in a sideways pattern for years to come.
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CRUDE OIL TECHNICAL ANALYSIS (source - dailyfx.com) – Prices put in a bullish Morning Star candlestick pattern at the bottom of a falling channel set from late August, hinting at rebound ahead. Near-term resistance is at 99.77, the 23.6% Fibonacci retracement, with a break above that targeting the channel top at 101.59. Channel bottom support is now at 96.27.
GOLD TECHNICAL ANALYSIS (source - dailyfx) – Prices broke higher as expected after putting in a bullish Morning Star candlestick pattern. Resistance is now at 1634.06, the 61.8% Fibonacci retracement, with a break above that targeting the 76.4% level at 1390.64. Near-term support is at 1342.57, the 50% Fib. A reversal back beneath that eyes the 38.2% Fib at 1321.09.
S&P 500 TECHNICAL ANALYSIS (source - dailyfx) – Prices recovered as expected after showing a Spinning Top candlestick at support marked by a rising trend line set from late February. A break above resistance at 1754.40, the 100% Fibonacci expansion, has exposed the 123.6% level at 1779.80. However, early signs of negative RSI divergence warn of ebbing upside momentum and hint a reversal may be brewing. A move back below 1754.40 sees the first layer of support at 1729.00, the 76.4% Fib.
The Rhine Falls is 23 meters high and 150 meters wide, the largest and most water waterfall in Europe. Just a few kilometers from Lake Constance, the Rhine Falls Schaffhausen is one of the major attractions of this area. It is located west of Lake Constance in Switzerland and attracts many travelers who have multiple platforms from a fascinating view of the water masses. Another viewpoint is the Wörth castle, situated on an island in the Rhine. Let the stunning natural phenomenon of the Rhine Falls not miss when you are on holiday at Lake Constance and the surrounding area.
This is the bullish market condition for now on AUDUSD D1 timeframe : price is on 0.9581, and the border between bullish and bearish market condition (border of Ichimoku cloud) is on 0.9293 support level (Sinkou Span A line of Ichimoku indicator). So...
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How to Manually Trail a Stop on a Forex Trade (source - dailyfx.com)
Talking Points - Many Forex traders trail stops to lock in hard fought for gains - Keep a trade open to benefit from directional move - Posibility of keeping some pips if price turns around
Have you ever entered a trade that was profitable by 40 or 50 pips only to have it end up as a loss? Have you ever taken profit on a trade only to see it go hundreds of pips further?
One technique that Forex traders have employed to address these two challenges is the manual trailing stop. Traders can lock in gains as well as participate in the further rise.
Once a trade has been entered with a beginning stop below a swing point, traders will look for price to move to a new high and then pull back to a higher low. This initial move confirms that the trend is on its way as other traders begin to enter and momentum builds. After price makes this new higher high, the stop can be moved up a few pips below the new swing low.
In the above example of a 4-hour EURUSD chart, notice how after the new high was broken, the stop was moved up or ‘trailed’ below the new higher swing low at 1.3647. Now, if price suddenly were to pull back below the swing low and trigger the stop, a profit of 79 pips would have still been pocketed.
Next, the Euro made a new swing high in the 1.3788 area before pulling back and the stop is moved up to 1.3740. The worst case scenario is that price falls below 1.3740 and we are stopped out for a 172 pip gain. Being stopped out with a profit beats being stopped out for a loss any day of the week!
Remember that no strategy or method is perfect and stop outs for loss can still happen with the manual trailing stop strategy of money management. So choosing the strongest trends is as important as the entry and money management technique that you employ. So if you want to stay with the trend longer and lock in profits along the way, manual trailing stops should be part of your money management plan.
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A detailed look at the technical pattern simply referred to today as the Gartley Pattern
Gartley patterns are based on the work of H.M. Gartley, a prominent technical analyst best known for a particular retracement pattern that bears his name. In recent years, Gartley patterns-which reflect the underlying psychology of fear and greed in the markets-have received renewed interest.
This definitive guide skillfully explains how to utilize the proven methods of H.M. Gartley to capture consistent profits in the financial markets. Page by page, you'll become familiar with Gartley's original work, how his patterns can be adapted to today's fast moving markets, and what it takes to make them work for you.
- Examines how to identify and profit from the most powerful formation in the financial markets - Discusses the similarities, differences and the superiority of the Gartley Pattern compared to classical chart patterns including Elliott Wave - Shows how to apply filters to Gartley patterns to improve the probability of your trading opportunities, as well as specific rules where to enter and exit positions
Gartley's pattern is based on a unique market position where most traders refuse to participate due to fear. This book reveals how you can overcome this fear, and how to profit from the most consistent and reliable pattern in the financial markets.
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