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Showing Posts 1 - 14 out of 14 found.

Trading Psychology: Stay Calm When The Fastballs Fly

Trading Psychology: Stay Calm When The Fastballs Fly

A client of mine sent me a bio yesterday on Rod Dedeaux, who was the baseball coach for USC for 45 seasons. Dedeaux was a legendary leader, chalking up more national titles and wins (1332) than any other coach of his day. 200 of his players went on to play professional ball. Dedeaux neither lost his temper nor disrespected or denigrated anyone. He cultivated the ability to befriend,...

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Earnings Play: VMWare Inc. Poised For Big Move

Earnings Play: VMWare Inc. Poised For Big Move

VMWare Inc. (VMW) is scheduled to report earnings after Tuesday’s closing bell.  Headquartered in Palo Alto, CA, this company specializes in cloud and software virtualization services.  VMW Share are down slightly over 2% in 2014, but are off nearly 21% from their April 1 high of $111.83.  The stock has traded in a 52-week range of $76.51-$112.89.Analysts are calling $1.5 billion in revenue...

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Swing Trade: Aussie Bounces Off Support

Swing Trade: Aussie Bounces Off Support

For three weeks the Aussie dollar pressed chart support at 0.866 U.S. dollars and stabilized, and this week is generating follow-through buying. Enhancing the odds of further upside from here is the tall upper shadow (selling into price strength) and small real body (open and close are close to each other) that appeared two weeks ago on the weekly chart. This pattern of behavior often points...

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4 Key Trading Lessons From The Beach

4 Key Trading Lessons From The Beach

Winter is approaching so I had to make sure to enjoy one more beach day. Hard to do in Nashville, TN though. That being said, we took a short, eight-hour drive to Panama City to visit my girlfriend’s family and, of course, get some serious beach time in.  You might think it’s a stretch to relate snorkeling to trading. Well, only one way to find out. #1 Gear: When trading, you do have to...

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Trading Psychology: Complexity Theory Says More Is Different

Trading Psychology: Complexity Theory Says More Is Different

Last week I wrote an article on why Bull Markets can be dangerous. Simply put, they often lull us into complacency and tempt us to ignore standard risk controls. Then, when volatility increases, we are not prepared for the rug to move and the walls to shake. There’s a principle in Complexity Theory that says: More is different. It means that in complex dynamic systems, arithmetic increases...

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US Dollar Breakout: End To Stock Bull, Renewed Commodity Bear

US Dollar Breakout: End To Stock Bull, Renewed Commodity Bear

It seems nothing can stop the U.S. dollar. Since its low in April it has closed higher in four out of five months and is up almost 8.00% since then.  While a run like that is in need of a rest there are some big issues that need to be considered now. DXY broke out of a six-year triangle this month. Breaking to the upside from a triangle is bullish. That triangle is essentially a six-year...

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Time To Cover Short Euro Position

Time To Cover Short Euro Position

I've been bearish on the euro (versus the dollar) since late July. [Editor's note: see Burba's previous TraderPlanet stories on the euro July 29th and August 19th). Key Points Although there could be some more downside before the downtrend in this market ends, I feel less comfortable advising anyone to be short here. I base my stance on two points. The first is the proximity to a substantial...

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Is Gold Going Up Or Down?

Is Gold Going Up Or Down?

Since the summer of 2013, gold has been tracing out a large consolidation pattern, registering lows at and above 1179 and highs at and below 1434.  A break from this consolidation pattern is likely to carry prices to one of the next zones of large degree support or resistance, depending on the direction of the break.If price continues to move lower, as is the near-term direction, the next...

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Trading Psychology: Risk Averse Or Risk Seeker?

Trading Psychology: Risk Averse Or Risk Seeker?

By definition, active traders and investors have some degree of Risk Seeking built into their personality, or they wouldn’t be so interested in the markets. Instead, they would be satisfied with their day job. Individuals who follow the market closely and get involved with it on a daily basis usually need the stimulation and challenge that comes from wrestling with the unpredictable Wall...

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Rally In Aussie Futures Fails

Rally In Aussie Futures Fails

One currency pair I've been bullish on this year is the Aussie dollar's value to the greenback. However, the drop in Aussie futures yesterday and today changes that outlook. This market now appears to be in danger of tracing out a large top that could spell losses in the intermediate term. Aussie futures started to consolidate at the beginning of July. This looked constructive at the time,...

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7-Year Commodity Cycle Due To Bottom This Year

7-Year Commodity Cycle Due To Bottom This Year

Subscribers to Seattle Technical Advisors.com know of a seven-year cycle in commodities which is due to bottom near year-end. With cycles this big we can’t be accurate to the day, week, or even month but having entered the last third of the year I thought it might be a good time to look at how commodities are playing out so far this year. In my March 10, 2014 column “Copper plunges on China...

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Follow The 3 Key Trading Rules Of Jesse Livermore

Follow The 3 Key Trading Rules Of Jesse Livermore

If you're a student of market history there is nobody you learned more about than Jesse Livermore. Edwin Lefevre wrote his story in the book Reminiscence of a Stock Operator, one of my favorite reads.  He was truly a man before his time, making his fortune during the days prior to the Great Depression at bucket shops and fledgling brokerages.  His tape-reading skills were legendary and are...

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Psychology: The Five Trader Personality Types, Which One Are You?

Psychology: The Five Trader Personality Types, Which One Are You?

I’ve learned from over a dozen years as a coach to top traders that traders, like criminals, can be profiled (no offense.)  In fact, just 5 Trader Personality Types encompass all the personality variations I’ve ever encountered, if one includes hybrids. (By the way, these five types have nothing in common with standard academic or corporate personality models.) Over the last 5 weeks I’ve...

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Canadian Dollar: Loonie Hugs a Key Floor

Canadian Dollar: Loonie Hugs a Key Floor

I'm sticking with the foreign exchange markets this week as this asset class continues to show attractive position trade scenarios (short euro and yen are both working out nicely). The Canadian dollar futures contract is pressing technical support at 0.9113 for the fifth consecutive day and intraday price weakness has so far attracted buying. This line in the sand is a 50% retracement of the...

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