Trading University Daily

  Trading is much simpler than we all initially make it out to be. One of our instructors, Teresa Bell, summed it up best when she said “trading is simple, following the plan is what’s difficult”. And what makes “following the plan difficult” has nothing to do with the market, and everything to do with [...]

I like a set-up where the Daily trend has shifted, and the Weekly trend is bending but not quite broken. It is at such times when we can attain unusually favorable risk/reward ratios. Such a set-up existed last night in my old friend EURJPY as it tested a long-term trend line drawn on the Daily [...]

The following post is a reprint from June, 2008 The ultimate goal for traders is to get to the point where our intuition is contributing to the trading process.  And to get to that point takes work. The road to that point starts with repetition. It’s the same philosophy in the military for training soldiers [...]

This post in a re-print from an article dated 4/17/08 What broke a lot of bad habits I had in trading was knowing that after I exited a trade, I had to place the buys and sells and prices and times in a spreadsheet, and send them to my mentor. Then I had to pick [...]

With USDJPY poised to shift its intermediate-term trend higher on the long-term charts, the technical indicators flashed Weekly buy signals today with the MACD closing above the zero level and with the Stochastic crossing above its trigger line. Classic technicians would still need a close above the current intermediate-term trend line in place on the [...]

I’m convinced that the harder someone tries to grab and hold on to something, the more likely it is that they will lose it. It’s one of those universal paradoxes. So if you find you are one of these people that has a burning desire to be a succesful trader, but have not gotten there [...]