EURUSD & AUDUSD – Keeping A Close Eye

Hi Readers, This is just to let you know that I’m keeping a close eye on these pairs. As mentioned on my weekly commentary, there are some nice opportunities coming up on the majors though we’re not quite there yet. (Click on image for Larger View) EURUSD – I’ve love to see a pullback to…

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Video: The Happy Secret to More Positivity

Very interesting way of looking at Happiness. I made a slight tweak to the orginal title of “The happy secret to better work”. Anyway, hope you’ll enjoy the video. And remember to be HAPPY!!

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Trading Quotes #5 – Charles Schwab

The Limit of Your Abilities “When a man has put a limit on what he WILL do, he has put a limit on what he CAN do.” – Charles Schwab      

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Weekly Trade Commentary: 11th Nov 2012

Related Article: Commentary on 4th Nov 2012 In line with my commentary last week, the US Dollar continues to strengthen after making new highs this week. While my view is long, the dollar seems slightly over extended, I’m expecting a pull back (if any) before taking any action. With that, my view is that there is EURUSD,…

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Exit Management Conquers Randomness

The Financial Market is a Random and unpredictable place filled up with lots of surprises. Some are good surprises and some are less great. Yet, many Novice Traders constantly like to “Think” that they know the market and they trade it with high expectations that it’ll head in their direction. Ha… Guess what happens to…

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Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets by Ed Ponsi

My View Ed talks about Trading Psychology and he shares some of his Trading Systems in the book. This is a good book for new to intermediate traders as he talks about basic mechanics of trading. Description While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities…

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Video: Trade in the Path of Least Resistance

This video is interesting but let’s see if we can pick up some important lessons from it: There is no such thing as the Holy Grail – Fast forward 2.30 th minute Trade in the Path of Least Resistance – Fast forward to 9.00 th minute There is going to be a conflict in the mind – Fast forward…

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USDSGD – Why I like it Long

Hi All, This is just a quick note on what I’m looking at for the moment. The following is USDSGD on a 4 hr chart. (Click on image for Larger View) As mentioned on my weekly commentary, this pair is at the bottom of a major channel. As I write this, the 4 hour chart…

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Face Your Emotions Early and You’ll Gain More From It

Not too long ago, I made an amateurish trading mistake (Yes, I’m a human being too and I do make mistakes). Unfortunately for me, the trade got stopped out and my losses were much more significant than my normal trades. Long story short, the incident was damaging both for my financial account as well as…

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Trading Quotes #4 – Thomas Edison

Learning from Mistakes “Don’t call it a mistake, call it an education.” – Thomas Edison      

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