Weekly Commentary: 9th Mar 2014

Previous weekly commentary: Commentary on Hello Traders, The USD Index closed at $79.71 which is near the close from previous week. In line with my commentary last week, I’m looking to see some Price Action against the next major support level is around $79. If price goes below that with conviction, that’s also a signal…

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Are You a Gambler or a Trader?

Growing up in a family where my dad always reminded us that gambling – from card games to Mahjong (see description) – was a waste of time and money. Hence, I never quite understood the feeling of loving to gamble. Mind you, being Chinese (a Malaysian born Chinese) myself, I know that the Chinese do…

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Weekly Commentary: 2nd Mar 2014

Previous weekly commentary: Commentary on 23rd Feb 2014 Hello Traders, The USD Index made a new low and it was pretty much an expected move looking at Price Action for the last few weeks. As price closed at $79.81, the next major support level is around $79. If price goes below that with conviction, that’s…

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Learn to Unclog your Trading Mind

Every now and then, I like to spend some time clearing my mind, more specifically, to unclog my mind. While I don’t do any form of meditation, I do believe that spending some time alone and making some simple reflections are a great way to achieve the same results. Of course, meditation has its benefits…

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Gold – Facing A Great Battle

(Click on image for larger view) Hi All, A quick update of the precious metal. As you can see above, Gold is testing a fairly strong level at the moment with a few confluence of factors including a 62% Fib (a golden ratio), Old support turned resistance and a classic divergence. On the flip side,…

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Weekly Commentary: 23rd Feb 2014

Previous weekly commentary: Commentary on 16th Feb Hello Traders, The USD Index predominantly only moved side ways last week. In fact, it made a small retracement and it looks like it’s about to drop further. Will it drop in the coming week? Who knows? In fact, I’m going to sit aside until I see some…

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Why Trading Profits (Money) Should be Secondary?

So I’ve been having a conversation with an old friend about various investment instruments in the market and why some investors struggle to make it (a term I use indicating that one is a successful investor) even though there are plenty of investments opportunities out there. One of the topics that we discussed – which…

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Gold – Higher Or Lower?

(Click on image for larger view) Hello Traders, Just a quite update on Gold. Looking at the bigger picture (weekly chart), price is currently testing Resistance level (~1325). Meanwhile, we’ve seen the double bottom at 1180. Will this metal move higher? Or will it fall lower back into it’s long term downward trend? Let’s see…

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Weekly Commentary: 16th Feb 2014

Previous weekly commentary: Commentary on 9th Feb 2014 Hello Traders, The USD Index moved lower this week closing the week at $80.20. As mentioned last week, price seems to be ranging within an ascending triangle. However price looks like it’s testing the lower trend line. If price continues to move lower in the coming week, then…

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4 Reasons Why I like News-Free Trading?

For those who are interested to learn how I trade, then do pay attention to today’s article. I can’t claim to be the best trader in the world and I know there are plenty of traders who are better and more profitable than I am. However, despite all of that, I am able to filter…

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