After a shallow correction yesterday, USDJPY challenged last Friday’s high at approx 84.75 this morning on rumors of institutional buying out of London. USDJPY found support at the confluence of its daily central...
Read MoreLong USDJPY has been such a dangerous trade for sovereign funds and institutional traders these past couple of years that it’s been nicknamed the “widow-maker†by players who...
Read MoreTrading from a thesis can be a great advantage, if it is correct. All traders have a thesis whether they know it or now. While they may not have articulated it, they have an internal believe system which has a powerful...
Read MoreDespite a relatively rocky correction over the past couple of months Doctor Copper has managed to maintain a bullish price pattern and stay above its Monthly directional line to maintain its “bull market”...
Read MoreIn healthy bull markets over the previous two decades stock traders and market-makers have come to count on the predictable pattern of 401K inflows into stock indices. The flows are tied to...
Read MoreLed by AUDJPY & EURJPY the yen pairs rallied sharply today to break above previous resistance and remind traders that “the good old days” of sustained price movement and healthy ranges for the complex may no...
Read MoreWhile it may not be in the #1 spot on trader’s daily list of developments and concerns, this month’s G-7 intervention to devalue the yen, be it symbolic or real, is certainly in the top...
Read MoreBoth the GBPUSD & GBPJPY look to start the trading week pointed lower with the short term trends for both the daily and weekly charts now down. While GBPJPY appears a bit of a wild card because of the G-7...
Read MoreThe U.S. Dollar Index reversed its daily trend to higher this week after finding support just above the 2010 low at approx. 75.23 on Tuesday. The big push up for the Greenback happened just past noon EDT today as Philly Fed...
Read MoreMany people learning to trade get in trouble because they have the mistaken impression that they have to trade every day. The truth is you should not trade unless the trade set-up you are considering is outlined ahead of time in...
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