Trading University Daily

If a hedge fund tried to game a central bank today, as George Soros’ Quantum Fund did to the Bank of England in 1992, the likely scenario might be Central bankers getting together to determine the size of the funds position, then calculating how much of a currency move was needed to wipe out two-thirds [...]

Unless you’re a scientist, the average person does not need to see things from a different dimension, so we don’t. If we thought about analyzing the day to day physical things we see from a different dimension, like a tree, or a bird, or your neighbor, it would seem silly, because there is really no [...]

Six Stages to Trading Success: 1. Ownership 2. Planning 3. Working 4. Analyst 5. Artist 6. Trader The first three stages are obstacles, while the second three involve the process of learning to trade. The first, ownership, which we will cover in today’s lesson, is the biggest roadblock, and the reason why most individuals fail to become successful traders. Ownership encompasses [...]

Once you have chosen the market to trade, done your analysis, and are in the trade, you can feel free to relax, even walk away… once you’ve placed your stop. The only time you should need to be “on the screen” to make a decision is on the close of the candle for the time [...]

If you have even one weak spot in your trading plan, it will keep you from consistent success. Most have several weak spots to overcome before they find consistency. The most common is misunderstanding and accepting risk. Just before a playoff game this past season, the Chicago Bears quarterback, and one tough competitor, Jay Cutler [...]

I have learned many things while conducting Live Market Exercise for our clients and the most important is expect simplicity. Today we focused on GBPUSD for the same reason I focus on most markets, because it was aligned on its higher time frame trends. From there it’s just a matter of waiting for a price dip [...]