Trading University Daily

While it may not be in the #1 spot on trader’s daily list of developments and concerns, this month’s G-7 intervention to devalue the yen, be it symbolic or real, is certainly in the top three, and could promote a spring buying spree for the yen pairs. If financial markets continue to stabilize as they [...]

“It’s like deja vu all over again” was one of many quotes from the former New Yankee player and manager Yogi Berra, who put more emphasis on work ethic and results, than on style and appearance. I thought that quote apropos in describing the market action we highlighted today in our Live Market Exercise, given it was so similar to yesterday’s [...]

Trendlines are, in my 30 years of experience, the most important structure – support or resistance — on the chart. Not only do they identify price patterns, and help identify significant shifts in leading indicator markets – such as interest rates — but they also sometimes provide that point in price and time that a [...]

Directional trading, also known as discretionary trading, is what most retail traders strive to succeed at. In this type of trading the traders attempt to figure out the market’s current direction, and either position themselves in that direction at the most opportune time, or wait till the market changes direction and position themselves to be [...]

EURUSD Despite EURUSD’s outsized change-of-direction candle in November on the monthly chart, and a lower low earlier this month, this market was able to break up thru 135.00 relatively easy this week to shift the Weekly trend higher. Given the chart reflects everything the market knows about itself, the risk environment for EURUSD appears to [...]

The understanding that it is economic and sociological occurrences that creates the price patterns which we see on stock, currency and commodity charts will go a long way in allowing an individual to move from analyzing markets to trading markets. The realization that fundamentals are already reflected in the price chart opens the door to [...]