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Showing Posts 16 - 28 out of 28 found.

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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Will A Greek Exit Trigger Another European Crisis?

Will A Greek Exit Trigger Another European Crisis?

Unless you have had your head in the sand over the past week, thanks to the media, Greece is all we have been hearing about lately, from morning to night. This has been in the making over the past 5 years and yet no real solution seems to be in sight, which is quite sad for the country as well as for the dream of a unified Europe. Back in 2010, the problematic PIIGS (Portugal, Ireland,...

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What Will The Greek Vote Mean For the Euro?

What Will The Greek Vote Mean For the Euro?

Through the last half of 2014 until March of 2015, the Euro steadily sold off versus the dollar, as the ECB launched QE and European yields cratered.  For example, Spain's ten year note yield went from 2.82% in July to as low as 1.15 at its nadir March.  As has been well publicized, many shorter maturity yields went negative, for example the German two year note fell to negative 28 bps.  The...

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Final Rally in the Dollar

Final Rally in the Dollar

DXY gained 1.46% last week to close at 95.65 back above its 34-dma as well as its mid-June reaction high (a higher high) giving hope to the bulls that the final rally is upon us. Despite the bearish seasonality of July, cycles indicate that the Dollar is set for one “last hurrah” prior to a “summer swoon” a month from now. Cycles target a turn near July 24 and are a good match for the cycle...

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