Weekly Commentary: 30th Mar 2014

Previous weekly commentary: Commentary on 23rd Mar 2014 The USD Index closed the week at $80.30 again and this time forming a weekly low test. While the low test don’t mean much on its own, it does give a slightly bullish bias indicating that the bulls are still in control after the engulfing bar from…

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3 Reasons Why You Should Stick to Your Trading Plan

In the recent week, I have been doing some reflection as I prepare to launch my new online learning hub (Yes, I will be launching an online trading school, so stay tuned 😀 ) and I have been analysing some trading challenges that are common to traders who are struggling to succeed. As you could…

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GBPUSD – A Short Confirmation Required

(Click on image for larger view) Hi All, A quick update on the GBPUSD. I have been talking about the range (box) for awhile now and, on the weekend (see article), I mentioned that price did break out of the range. I was looking for a potential retest of the bottom of the box –…

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Pray For MH370

On Monday (24th Mar 2014) night, the Malaysian Prime Minister has officially declared that flight MH370 has ended in the southern Indian Ocean. While the search will continue (see link) to find the aircraft, my heart and prayers goes out to those who experienced losses. If you are reading this now, I would like to invite…

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Weekly Commentary: 23rd Mar 2014

Previous weekly commentary: Commentary on 16th Mar 2014 After a few weeks of waiting, the USD Index decided to move north instead. The week closed at $80.30 forming a nice weekly engulfing bar. Is this the start of a bullish run? No idea. While my short term bias is bullish, my next resistance level is around…

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Trading With the Flow of the Market

Last week was a bit of a bumpy ride for me as I was starting to fall ill due to the very hot weather here in Malaysia. Hence, I stayed away from my charts for a few days. While that was only part of the reason I stayed away from the market, the other reason was…

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Gold – Sitting In the Middle

(Click on image for larger view) Hi All, A quick update on Gold. Gold made some interesting progress since my last commentary on 2nd Feb (see article). Looking at the chart above, price broke pass the soft support (~1336) which I mentioned earlier and made higher highs. Price is also channelling nicely upwards and it’s…

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Weekly Commentary: 16th Mar 2014

Previous weekly commentary: Commentary on 9th Mar 2014 The USD Index closed at $79.50 which is another slow but downward crawl. In line with my commentary in the last 2 weeks, more confirmation is required around the major support level ~ $79. Will we get it this week? Who knows… The following is my watch list…

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Trading Mindset: Trading Success Is Possible

Hello Successful Traders. Yes, I was referring to you (in case you are wondering). Not sure if you deserve it? Of course you deserve it. Well, think about it, you are browsing the articles on TradeYourEdge website, are you not? At some point in the past or future, you are thinking about trading for a…

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EURGBP – Wedge Breakout Long

(Click on image for larger view) Hi All, Just a quick update, since my commentary on 12th Feb (see article), I’ve sat aside waiting for a breakout as my analysis on the 2nd Feb (see article) remains intact. While the breakout happened last week, the real confirmation that the bulls are back only happened yesterday…

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