Author: Editorial Team

ForexPromos Editorial Team is comprised of a selection of hand picked editors that bring you the latest breaking news from the financial markets. We also provide forex educative articles as well as comprehensive fx broker reviews.
DISNEY Earnings due today – Should you buy or sell?

DISNEY Earnings due today – Should you buy or sell?

Technical Analysis
Walt Disney Inc. (NYSE: DIS) is all set to report its earnings today, 10th May after market hours. The earnings report will be for the fiscal quarter ending March 2016. The street expects Disney's EPS for the quarter at $1.40 - $1.39. In the same period last year, Disney's EPS was $1.23, so today's earnings if matches estimates could see a 13% increase compared to the same quarter last year. On May 9th close, Disney's shares were down 0.19%, trading at 105.34 after posting an 18-week high at 106.68. Disney’s EPA for 2016 is 13.22%, above the industry average (Media) of -2.40%, while price to earnings is 18.10, slightly below industry average of 19.80. DISNEY - Key Fundamentals Of interest in today's earnings will be the following: Revenue: Analysts expect Disney to report $13.4 b
Five tips to better Support and Resistance trading

Five tips to better Support and Resistance trading

Trading Strategies
Support and resistance also known as supply/demand form one of the basic elements of trading, perhaps only next to price action. Whether you are trading with moving averages or Bollinger bands, chart patterns or Fibonacci levels, the basic reason why prices behave the way they do has got to do with support and resistance levels. Fibonacci aficionados might continue to believe in the 'magic' element of the golden number and its derived levels, but as a matter of fact, it is the support and resistance levels behind the price action than indicators or a 38.2% Fib retracement. This article assumes that the reader already knows what support and resistance levels are. It merely builds upon this information and explores easy to use tips that will definitely help you to trade the support and re...
Caterpillar Inc. – This short position could work

Caterpillar Inc. – This short position could work

Technical Analysis
On Friday May 6th at the 21st annual Sohn Conference in New York which saw hedge funds coming together for a charity for pediatric cancer, David Einhorn, founder of Greenlight Capital noted that he was short on Caterpillar Inc. (NYSE: CAT). He said that Caterpillar Inc's business was at the bottom. Asking the question whether Caterpillar Inc. was at or near the trough, Einhorn said that he thinks it is much close mid-cycle and that it could bottom in 2018. Most importantly, he said that he expect Caterpillar Inc. to trade at half of its current price. On May 6th, market close, Caterpillar Inc. close at $73.36. More details here. Justifying his call, Einhorn said that Caterpillar's business, which is primarily in resources, construction, energy and transport; sectors that are currently w...
Improved Bollinger Band Bounce Set ups

Improved Bollinger Band Bounce Set ups

Trading Strategies
Improved Bollinger Band bounce method can help you filter the trades using making the popular Bollinger Band Bounce trading set up into a really powerful trading strategy. Bollinger Bands are used for identifying both trends as well as volatility. There are many trading strategies based around Bollinger Bands, but they all fall into either walking the bands methods, which is a trend following strategy or a Bollinger Band bounce set up, which trades the pullbacks. Bollinger band bounce set ups work on the principle that when prices bounce off either the upper or the lower Bollinger Bands, prices tend to retrace or move in the opposite direction. But it begs the question as to what happens when a Bollinger Band Bounce set up fails? Of course, using stops here to cut the losers quickly...
How to trade breakouts with Median lines

How to trade breakouts with Median lines

Trading Strategies
Median line, also known as Andrews' Pitchfork tool is a great tool to help in your trading, especially if you are a price action aficionado. Median lines are nothing but trend lines which are divided into two parts and can offer some unique insights when applied correctly. Although Median line trading is easy, it takes a bit of time and practice to correctly figure out where to trade and more importantly how to trade. There are many articles on the web that will introduce you to median lines or Andrews' pitchfork. Therefore, this article will not go into the details of the basics but in fact introduces you to a unique way to trade with median lines. Step 1: Plotting median lines correctly Median lines are plotted using a low - high - low on a consecutive pattern, which usually results...