Trading University Daily

The Aussie dollar initially spiked higher on news that the German high court green-lighted a European bailout fund, but ended the day around where it was trading prior to that news, albeit in positive territory. The AUDUSD over the last week also reaffirmed its status among Western markets where bad economic data is seen as [...]

The first thing I do every morning, before opening my screen to the clients, is make a determination as to which currency markets are in uptrends, and which currencies are in down-trends. I rely on the current direction of both the Weekly and Daily charts to make this determination.  Once I have qualified the markets by direction, I open up the shop. Today was [...]

The core of our confidence in trading is a direct result of the back-tests from our methods. I remember telling my partners earlier in the year, after compiling an extensive back-test based on trend trading signals on the Daily charts with the Weekly confirming: “if we can eliminate trading from late June thru late August [...]

I was recently asked, “What sets apart a winning trading method from one that’s a waste of time and money?”  My answer was, “How much time do you have on your hands?” The first thing that comes to mind in qualifying a method is does it use fact based triggers?  Ask other educators if they use “fact based [...]

I believe that we can accurately gauge a market’s direction on any time frame, and that knowing direction on the higher time frame charts, i.e.: the weekly, and monthly charts, will lend the trader a significant edge in their investing and trading.  Yes, in my educated opinion market movement is predictable, especially on its higher time frames. To support that statement I’ve included links to [...]

Daily Forex Report for 6/3/10  Congratulations to Jay and the team at Trading-U.com on their book Mastering the Currency Market being rated the #2 best selling book on foreign exchange on Amazon on Kindle!     Click here to view Jay’s Daily Forex Report for 6/3 where he covers the six major currencies, the U.S. stock market, and gold. http://link.brightcove.com/services/player/bcpid86410614001?bctid=89844424001 [...]