Trading University Daily

Many people learning to trade get in trouble because they have the mistaken impression that they have to trade every day. The truth is you should not trade unless the trade set-up you are considering is outlined ahead of time in your trading plan and you are comfortable from both a risk/reward, and timing standpoint. [...]

There are definitely times in trading where you need to know not to trade. Generally those times are when the majors are showing conflicting trends, such as today where the daily trend was up for EURUSD yet down for AUDUSD, and markets become tangled up on the intraday time frames. Currencies tend to give the [...]

That government’s have contingency plans to stabilize their financial markets under any circumstances should come as no surprise. What was a surprise, in the case of last Friday’s terrible earthquake, was the speed which Japan did so. Yen shorts were stopped out before most Western traders even knew about the tragedy. Any speculator who did [...]

“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 [...]

With each new sell-off coming on less and less momentum, and with the December low now holding, the inevitable question is do we have a double bottom in USDCHF? It certainly is a possibility. And all the more attractive given the short-term trend is now higher on the daily chart. There is still one bit [...]

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 [...]