Trading University Daily

 The Six Stages to Trading Success: Stage Three Ownership Planning Working Analyst Artist Trader The first three stages are obstacles, while the second three involve the process of learning to trade. Today’s lesson covers step 3 of the six stages: working. In stage two, planning, we covered the importance of selecting a trading methodology which [...]

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 [...]

In Gann’s work the area on a price chart between the .375% and .625% retracements was called “the pipe” because of the two-tier price range the levels often create. In this chart however we chose the numbers 33% and 66% which give us the benefit of measuring the 66% retracement, which in Dow theory is [...]

Trading takes diligence, among other qualities. As a trader you also need to understand why you follow your plan to the letter.  Despite having hit the snooze button once, I was up and ready to go at 3:00 AM CDT to open the shop .  And it was our old friend EURUSD which popped right [...]

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 [...]

Monthly Forex Report for 1/3/11  Click the link below to view Jay’s Monthly Forex Report for 1/11 where he covers the major currencies and the U.S. stock market. http://bcove.me/7kgvivx0 Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the potential that changing political/economic [...]