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Trading Psychology: Men, We Need To Talk

Trading Psychology: Men, We Need To Talk

About a month ago I got a call from a guy, fairly new to e-mini trading, who had just taken a 4-figure loss in one day. The set-back shocked him, but he was still up 30% in his account and after talking to me he felt better. Frankly, I was impressed by his results because his method was very simple (one moving average) and yet he was doing quite well in a difficult market. Some people really...

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Why Is The US Dollar In The Doldrums?

Why Is The US Dollar In The Doldrums?

“Ask Kase” and your question may be chosen as the subject of a future column (askkase@kaseco.com). On Tuesday pundits were aflutter because the dollar had an up day, pointing to expectations that the Fed would soon clarify its intentions to raise rates. Technically, Tuesday was a “star” with a very small range, and inside bar which closed well below Monday’s open. It was indicative, at most,...

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Lock In Profit On Short Euro Trade

Lock In Profit On Short Euro Trade

Yesterday, the euro rallied on both short covering on bearish euro bets and a strong German IFO Business climate reading.  The IFO survey for July printed a 108.0 reading, better than the 107.6 forecast.  If data continues to improve from Europe’s largest economy, we could see the euro continue to tentatively higher.    Price action on the EUR/USD daily chart shows the double-top pattern...

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Is Gold Dead? Timing The Top In US Stocks

Is Gold Dead? Timing The Top In US Stocks

The SPDR Gold Trust (GLD) was originally created in November of 2004, when the fund was listed under the name StreetTRACKS Gold Shares on the New York Stock Exchange. It was sponsored by State Street Global Advisors and the World Gold Council. Shares have traded under the SPDR name since May of 2008. Unlike most other commodity ETFs, which use futures contracts, the fund is a trust and holds...

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How Traders Can Survive In Today's Techno World

How Traders Can Survive In Today's Techno World

Information and the inherent volatility of the markets has been a staple of the industry for centuries.  The major shift within capital markets is the speed of information delivery and the unpredictable nature of the market reaction to the underlying knowledge of the subject matter.  No longer can a trader or investor rely upon the notion that information is disseminated orderly and...

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How To Win At Trading: Think Less, Win More

How To Win At Trading: Think Less, Win More

I teach trading in order to learn it better. Often, the most valuable insights about how the markets work, and how to best work with them, seem to reflect the principles of sports psychology. I’m not a sports psychologist, however, but I am a competitive tennis player, so I live sports psychology on the weekends. At team practice on Monday night only 4 of us showed up, so we had a...

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The Almighty Dollar: Bulls Are Chomping At Bit

The Almighty Dollar: Bulls Are Chomping At Bit

On this week last year, the US Dollar Index kicked off a rally that gained 25% in 8 short months.  Since the peak at just over 100 in March of this year, the Dollar Index has been in a consolidation and oscillating in the mid-90’s.  But that could be getting ready to change. The push higher into July tested the primary zone of resistance at 97.18 – 98.56.  The pullback found eager buyers at...

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US Dollar Breakout: Cup And Handle Pattern

US Dollar Breakout: Cup And Handle Pattern

The previous Friday’s expected cycle low was successful in starting a rally last week in which the US Dollar had its best week since May. DXY gained 1.89% to close at 97.99 above the June 1 high and printed an engulfing bullish candlestick on the weekly chart.  A cup-and-handle pattern has been triggered (chart) and measures a minimum rally to 101.00. A symmetrical triangle on the monthly...

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Eat Like a Lion, Not a Horse in Times of Perceived Crisis

Eat Like a Lion, Not a Horse in Times of Perceived Crisis

A few weeks ago, I wrote a well-received piece on Trader Planet titled ‘Will a Greek Exit Trigger Another European Crisis?’   I went on to explain why it wouldn’t and it was likely nothing but a short-term temporary panic in which we as investors and traders should take advantage of.   Although I feel for the people of Greece who are suffering the most from the inability of their government...

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Today’s Trading Edge: Time To Buy Dollar/Yen

Today’s Trading Edge: Time To Buy Dollar/Yen

USD/JPY continues ascent after recapturing 50-day SMA The dollar/yen (USD/JPY) extended its bullish rebound after Greece was able to reach a new agreement with its creditors.  Market investors can now focus on whether or not the Federal Reserve will raise rates at its September meeting.  Last week Janet Yellen said, “I expect that it will be appropriate at some point later this year to take...

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Trading Psychology: Don't Get Trapped By News

Trading Psychology: Don't Get Trapped By News

I took a long trade in the Nasdaq futures last night about 10 minutes after the 6 pm Sunday open. The index had gapped down about 25 points on some “bad news” from Europe, but I’m a technical trader so my methodology doesn’t include an input for news, good or bad. News is a trap for many traders. We get much of our market information from media that has a need for sensationalism. That’s how...

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Why Trading Psychology And Discipline Matters

Why Trading Psychology And Discipline Matters

As a trader at any skill level, I know how important it is to do our homework and understand the fundamentals and inner workings of a company that we are investing in. It's also important to recognize the technical direction of the market's trends and maintain a high level of discipline over our emotions. This I work on a lot…   Trading psychology I also know that I’m often required to make...

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Fed Won't Hike Rates In 2015: Here's Why

Fed Won't Hike Rates In 2015: Here's Why

There has been amazing volatility the last couple of days in many markets, as the policy of kicking the can down the road and finding last second crisis solutions appears to have come into serious question with Greece. (...not to mention China and Puerto Rico).  Big industrial products have been crushed in the early part of this week.  For example, August Crude Oil was oscillating around $60...

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Gold Rally Stalls: Is A Major Surge Ahead?

Gold Rally Stalls: Is A Major Surge Ahead?

Gold prices initially rallied after the highly anticipated Greek vote surprised market investors, with an emphatic NO vote on the referendum question to yielding to further austerity.  The rally was short-lived as a strong U.S. dollar persuaded market investors away from safety bids for bullion.    Price action on the gold daily chart shows that the bearish trend has been firmly in place...

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Trading Psychology: Mirror Mirror

Trading Psychology: Mirror Mirror

I get a chuckle out of this picture because it clearly depicts one of the more slippery psychological factors that affect our bottom line results as traders: our inability to see ourselves as we really are.   I have a Peanuts cartoon framed on the wall behind my trading desk that depicts Lucy giving psychiatric advice to Charlie Brown for 7 cents at an outdoor stand. She explains to Charlie...

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