Weekly Trade Commentary: 4th Nov 2012

Related article: Commentary: 28th Oct 2012 Hi Readers, Welcome to my first weekly commentary on TradeYourEdge.com. Thank you for reading this and hope you’ll enjoy my commentaries. Great News! The USD Index is finally on the move again. From my previous commentaries, we could see that the USD index was just range bound. As the week…

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21 Ways Rich People Think Differently

1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil. 2. Average people think selfishness is a vice. Rich people think selfishness is a virtue. 3. Average people have a lottery mentality. Rich people have an action mentality. 4. Average people think the road…

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5 Important Ingredients required for an Effective Trading Plan: Part 5 – Final

This is Part 5 of a Special 5 Part series on how to write an effective trading plan. If you haven’t done so, please go through the Glossary at the bottom of the page. For related articles, please see: Part 1 – Introduction Part 2 – #1 Know Thyself Part 3 – #2 Motivator Part 4 –…

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Video: 11 Rules You Will Never Learn In School – Bill Gates

Simple but effective lessons from Bill Gates. The lessons were targeted at students who were still in school, however, I believe many of us adults might want to relearn some of them. Hope you’ll enjoy the video!    

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Gold – Who Wants Some?

  (Click on image for Larger View) My eyes are on gold right now. As I write this article, Gold is forming a Symmetric Triangle – as shown in the 60 min chart above. I’m excited about it as I await a strong run coming ahead.. and I want some that run. As we all…

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5 Important Ingredients required for an Effective Trading Plan: Part 4 – Routine

This is Part 4 of a Special 5 Part series on how to write an effective trading plan. If you haven’t done so, please go through the Glossary at the bottom of the page. For related articles, please see: Part 1 – Introduction Part 2 – #1 Know Thyself Part 3 – #2 Motivator Part 5 –…

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Trading Quotes #3 – Victor ‘Trader Vic’ Sperandeo

“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” – Victor ‘Trader…

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5 Important Ingredients required for an Effective Trading Plan: Part 3 – Motivator

This is Part 3 of a Special 5 Part series on how to write an effective trading plan. If you haven’t done so, please go through the Glossary at the bottom of the page. For related articles, please see: Part 1 – Introduction Part 2 – #1 Know Thyself Part 4 – #3 Routine Part…

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5 Important Ingredients required for an Effective Trading Plan: Part 2 – Know Thyself

This is Part 2 of a Special 5 Part series on how to write an effective trading plan. Before you start, please go through the Glossary at the bottom of the page. For related articles, please see: Part 1 – Introduction Part 3 – #2 Motivator Part 4 – #3 Routine Part 5 – #4 System…

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EURUSD – Double Top and A Potential New Low?

(Click on image for Larger View) This is a quick email to cover my market observations at the moment. The chart above is a EURUSD 4hr chart. This currency pair failed to make a new high above 1.313. In fact, it formed a double top pattern (see both the Green arrows). While this is not a…

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