9 things you Need to Know to Be a Profitable Trader
As we start the new year, I thought it would be beneficial for everyone to get back to some basic learning as a market trader. Since learning is a journey, it is important that we seal those fundamental areas so that we can solidify our trading journey and continue to grow our trading account as…
Merry Christmas and A Happy 2014!!
Hello Everyone, This is just a quick message wishing everyone a Merry Christmas and have a Great New Year!! This will be my last post for the year as I take time off for a break and to reflect on 2013. Hope you’ll have a great break, well rested and ready for more great tradings…
Trading Quotes #64 – Jim Rogers
“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom.…
Weekly Commentary: 15th Dec 2013
Previous weekly commentary: Commentary on 8th Dec 2013 Hello Traders, The weekly bar on the USD index formed a low test pin bar with the weekly closing near the open. Does this mean that it’s going to start moving long again? Or is this just a short term correction? A bit of uncertainty at the moment…
4 Steps to Creating A Plan to Plan Your Trading Career
How long do you think it takes to plan a career? When I finished high school, I had no idea what I wanted to do in my career. I did some psychology test and I knew I wanted to be an entrepreneur but that really means nothing in high school. I had a brief discussion…
EURUSD – The Bigger Picture of Euro
(Click on image for larger view) Hi All, This is just a quick update on the EURUSD. Looking at the weekly chart above, price is about to or currently testing 2 interesting Resistance. The high of 25th Oct – if price breaks above the high, it would have made a higher high and that is…
Trading Quotes #63 – Warren Buffett
“Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas. ” ― Warren Buffett
Weekly Commentary: 8th Dec 2013
Previous weekly commentary: Commentary on 1st Dec 2013 Hello Traders, As expected from last week’s update, the USD index closed lower this week at around $80.30. With such price action, this should give me comfort that the next target will be around $79. Price action has now set some direction for me and with December…
The 4 Ds You Need to Achieve Trading Success?
I was just chatting to an old trader buddy not too long ago and we were discussing about trading – especially on what the industry has to offer these days. We both chatted for awhile and, amongst many things, we came to a unanimous conclusion that there is too much noise in the trading industry.…
Gold – When Gold Meets Support?
(Click on image for larger view) Hi All, Since I highlighted the rising wedge pattern on the 29th Oct (see article), gold has been falling according to my plan. Price also broke the short-term support, as mentioned on the 13th Nov (see article) and it moved even lower. Price is now heading back to where…
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