I was Skyping back and forth with a trader and he was eyeing set-ups in bonds and notes, while I was eyeing set-ups in currencies, and I made a comment on momentum as a stipulation for a trade set-up, and he said “Yeah, but now...
Read MoreQuelling two of the five most common fears in trading: event risk, and trade expectancy, will go a long way in quieting the other three: fear of failure, fear of being wrong, and fear of no control. This is because event risk...
Read MoreA good portion of my time spend working with traders in live markets is determining which markets to focus on to trade. The rule of thumb is to focus on market’s where direction is complimenting price pattern. Once you have that...
Read MoreThere will always be plenty of instances in trading when a bearish news release hits an asset class market and the knee-jerk reaction is a mild sell-off, followed by a price recovery, and then a resumption of the previous bull...
Read MoreOne way to quantify if a bottom is in for the U.S. Dollar is take a look at previous macro price patterns and see how the S&P 500 stock index – an asset class market and a proxy for the global economy — has called 4...
Read MoreJust as a structural iron worker will tell you walking on a 6 inch wide girder 50 stories above the street is simply putting one foot in front of the other, or a pilot will tell you landing a plane on a windy day is just a...
Read MoreOver the many years of being around markets, trading markets, being around traders, and now working with traders, I know that more students than not have a real problem with admitting when they are wrong. I also know that they...
Read MoreWhile market reporters are searching for the reasons why commodity markets turned south all at once, the one event that stands out for us in today’s Keynesian influenced market place is the announcement just ahead of the Easter...
Read MoreWhile I have studied counter-trending methods, and sat thru extensive workshops given by educators that teach counter-trending methods, the traders I consider my own mentors have all been trend traders. After spending 12...
Read MoreGuest contribution provided by Forex Traders There is no such thing in financial markets as a “sure thing.â€Â In his best-selling book Fooled By Randomness, Nassim Taleb discuss the fascinating phenomena of the Black Swan. ...
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