Trading the professional way

Trading the professional way really involves common sense.  We should buy stock on sale and sell it when it becomes expensive, not the other way around
When you trade you must fire on all cylinders; you must access and activate your resources, strengths and mental weapons in the psychological warfare which is trading.  The trading trenches are not a place to vacillate and equivocate; you must be willing to demonstrate your ability to focus on what matters most in the trade.  You must be willing to plan your trade and trade your plan with complete follow-through of all of your rules.

Pips Wizard Pro is a brand new indicator

Pips Wizard Pro is a brand new indicator designed for making maximum profit from big price movements. It shows two different lines: blue line indicates a buy signal and orange line - sell signal. On top of that, whenever a new signal is generated, Pips Wizard Pro can alert you via email, pop up (with sound) or push notification sent to your mobile. Absolutely No repaint! If you get a signal - you can be 100% confident that the indicator will not change it. Pips Wizard Pro is designed to help you make stable profit with big confidence and no stress. Pips Wizard Pro!

USD/JPY has recorded gains on Friday

USD/JPY has recorded gains on Friday, erasing the losses which marked the Thursday session. Currently, USD/JPY is trading at the 117 line. There are no Japanese releases on the schedule. In the US, the sole event is Chicago PMI, with the markets expecting the indicator to dip to 56.5 points.
The yen moved higher on Thursday, courtesy of an optimistic report from the Bank of Japan. The bank’s Summary of Opinion, which was modestly upbeat, comes on the heels of last week’s rate statement, where the BoJ held rates at -0.10%. The summary noted that the economy is showing “moderate recovery”, boosted by stronger exports and steady consumer consumption. The report gave a thumbs up to the economy, stating that growth was expected to remain strong. Despite the optimistic tone of the BoJ, this week’s key consumer indicators pointed to persistent weakness in inflation and spending. Household Spending declined 1.5%, marking a ninth straight decline. The markets had predicted a small gain of 0.2%. The Japanese economy continues to grapple with deflation, as underscored by Tokyo Core CPI. The key indicator came in at -0.6%, weaker than the estimate of -0.4%. The BoJ continues to cling to its inflation target of 2.0%, but this goal is unlikely to be realized anytime soon. At the same time, the Japanese yen is down sharply, losing 11% since November 1. If the US economy continues to heat up in 2017, we could see the Fed step in with further rate hikes, which would likely push the yen to lower levels.