Trading University Daily

The older I get, the more I appreciate  trend trades. Though it seems a long ways back, it wasn’t all that long ago when, after reviewing my trades, my mentor declared, “Your a counter-trend trader”. His statement/ accusation hit me like a slap, because I knew better. It must be something in our youth that makes us [...]

Treasury Bonds fell a full point, or over $1,000 per contract, to post a 1-1/2 month low and low settlement, as long-term U.S. interest rates jumped sharply today.   The dollar dutifully turned higher against the Euro and Aussie today, having already turned higher against the yen 3 week’s ago and the Pound just last Friday.    Today’s Greenback rally [...]

The mid-month rally in GBPUSD fell just short of the September high at 167.41 before  falling off sharply last Friday, following a much weaker than expected Brit GDP reading. Last Friday’s turnaround did a good bit of technical damage to GBPUSD, leaving a shooting star on the Weekly chart — see circle on left chart below — which supports the bearish [...]

A buddy of mine who is a manger at a prop shop, has this interesting theory about market movement. He theorizes that the markets goes thru regular cycles where it trends cleanly, and making money for position traders seems almost simple, then, when the majority of traders think they have it all figured out, and are risking the maximum amount [...]

The current trend in USDJPY on the Daily Chart is now higher. And there may be good reason why this trend could continue, foremost being China. There is one hole in the “Chinese Economic Miracle” story and that is how did this economy weather such a large drop in exports in the 1st half of the year, and still manage to put up such impressive [...]

There may be no better feeling than profiting from a market move which your common sense disagrees with.  Given the substantial move higher in GBPUSD last week, conventional wisdom, and a bear trendline extending down from the Aug and Sept highs might have kept you from participating in the up-side. A big edge seasoned traders have [...]