Trading University Daily

From a technical perspective the yen pairs, from AUDJPY to EURJPY and even USDJPY, look to be set up to resume the rally which kicked off in the second half of March. With a healthy yield of 4.65% AUDJPY is the clear choice to lead the  complex, and is currently showing the most shallow retracement [...]

In financial markets today the tempest is never contained to the teapot. Because of the nature of markets, leverage, and margin, a small, somewhat obscure market like silver can have an outsized effect on the world’s currency markets. Even a modest correction lower at this point in the precious metals complex could likely create a [...]

I really don’t know how I would make sense of everything if I did not have the resolute believe spelled out in The Dow Theory, Fraser Publishing Company, 1993, that “the averages (markets) discount everything”.  To quote: “The fluctuations of the daily closing prices…afford a composite index of all the hopes, disappointments, and knowledge of [...]

One story I don’t mind hearing again and again is the one about when Harvard University decided to hold a course on stock trading. After lengthy negotiations with a very successful Wall Street stock picker to teach the course, they announced the formation of the new class to their business school, and were very pleased [...]

You have to be certain of the validity of your trading method. Before you can have confidence in your method you have to know whether you are the weak link in the chain. Successful trading starts with your believe system. What you believe, be it a philosophy, an opinion on market direction, or a class [...]

Despite robust corrections lower in AUDUSD and GBPUSD, EURUSD continued its up-move posting a new high of the move today at 145.20 to keep both its 4-hour and Daily trends pointed higher. Bulls today became particularly emboldened in pressing long positions after EURUSD showed very little reaction to sharply lower than expected ZEW economic sentiment [...]