One difference between a seasoned trader and a begining trader is that the old timer knows to expect corrections. In fact the old timer even knows aproximately how far a correction will take price. The beginner on the other hand doesn’t know what to expect from price. He/she is generally operating off hope. They “hope” that once they take a [...] [...more]
To attend a complimentary trading webinar today at 3:30 CDT given by Jay Norris on the proper way to utilize technical indicators go to: https://www2.gotomeeting.com/register/563559658 If you cannot attend, go ahead and sign up anyway and we’ll e-mail you the archived link afterwards! [...more]
The first thing you need to determine if you decide you are going to trade is what time frame you are going to trade on. It is important that the time frame fits your lifestyle. There are generally three categories of trading styles. The first is position, or end-of-day trend trading, which tends to [...] [...more]
I’ve spent the last couple of days with our head trader at Trading University, Al Gaskill, helping to put together our Trading 201 course. And it has definitely been an eye opener into how a trader who routinely trades a $1,000,000 at a clip in 12 different pairs thinks. The most impressive attribute is how quickly he sees things and [...] [...more]
Last week’s potential double bottom in several of the yen pairs on the 240 minute charts came to fruition in EURPJY today, as the pair closed above the previous 2-week high to post a 1-month high and high settle. Today’s rally shifts the short-term trend higher on the Weekly chart and puts EURJPY in a position to [...] [...more]
I studied under Bill Williams for years and came to have a great deal of respect for his overall mindset on trading and life. Bill believes that the Elliot Wave is the underlying structure of the market. I believe it’s the business cycle which is the underlying structure of the market, and Elliot wave comes as close as any study ever [...] [...more]
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