Trading University Daily

  June 1, 2009 Global Investors Express Concerns over U.S. Ability to Fund Deficit The U.S. Dollar finished the month of May sharply lower as investors bought higher-yielding currencies betting on a speedy global economic recovery. On Friday the U.S. Dollar was driven lower by a report which showed the U.S. economy contracted less than [...]

I’m very happy that I’ve been trained as a day trader, and I’m very happy with my day job. The two, however, don’t always mix.  Day-trading takes a lot of training/conditioning to get to the point where you are just reacting. It takes an interesting mix of concentration and relaxation similar to that of a [...]

There are many misconceptions about what type of people successful traders are, a few are trader’s are creative, mavericks, and aggressive personalities. This is just not true. It is quite the opposite in our estimation. It was said of one very successful trader we know that “he seemed to worry more about what he wanted on his [...]

One truism that you had better expect in trading is that the more you trade the more you are going to lose. I love saying that in front of a class because I can tell by the different reactions as to where people are on the trading curve. The old timers always chuckle knowingly, while the [...]

1) Two-Month Pennant in EURJPY 2) Three-month Ascending Triangle in GBPJPY 3) Three-month Head & Shoulder Top in USDJPY consolidating at neck line. Jay www.trading-u.com   DISCLAIMER:  Futures, options and Forex (off-exchange foreign currency futures and options, or “FX”) trading involves substantial risk of loss and is not suitable for every investor.  The valuation of futures, options [...]

As in charting, and trading overall, applying multiple time frames is an art form.  The key to time frames is the direction on the higher time frames, but it is only the current direction, or short-term trend we are interested in on that higher time frame chart. Just as important as the current trend is being able to identify the [...]