Negative Self-Talk – A Demon in the Head?
Imagine yourself setting up for the next trading session, as you start your usual (trading) routine, you begin by hearing a small voice saying: “Hmm… wonder if I can ever get a good trade today?” or “Will today be one of those days again?” As you listen to that voice, you continue to open your…
Weekly Commentary: 6th July 2014
Previous weekly commentary: Commentary on 29th June 2014 Hello Traders, The USD index made a change in direction in the middle of the week. I wonder if this is a pullback or a reversal. Half year just ended and we have official started H2. Looking at the weekly picture again, the market seems like it’s…
Change your Words and Change your Trading
A few days ago, I randomly picked an old book and I was flipping through it for awhile. Reading through it again – after many years – does make reading it now feel like a whole different experience. In fact, having a better understanding now of what Words can do and how our Mind interprets…
AUDUSD – Climbing Higher?
(Click on image for larger view) Hi Traders, A quick update on the Aussie. As mentioned on the 15th June (see article), I was looking a the range market and price was testing the top of the range. As price was in a sideway market since early April, it was uncertain if price would move…
Weekly Commentary: 29th June 2014
Previous weekly commentary: Commentary on 22nd June 2014 Hello Traders, The USD index is finally moving lower. As mentioned last week, the market is testing the $81 resistance but the move lower is a healthy sign. My guess is that it will test the $79 level and if it breaks below it, the dollar will…
Learning to Leverage on Your Trading Emotions
Here’s a topic that I love – Emotions – and, in fact, this is one of the first few questions that I would ask when I start a coaching session. This is an important area because it is inevitable that emotions will always be there. That’s because you and I are human beings and emotions…
Gold – The Tug-of-War Continues
(Click on image for larger view) Hi All, Just a quick update on my favourite metal. On the 29th May (see article), Gold broke out of a fairly significant consolidation triangle. If you have been following my posts, you would also know that I’m a big advocate that break outs gives us a higher probability…
Weekly Commentary: 22nd June 2014
Previous weekly commentary: Commentary on 15th June 2014 Hello Traders, The USD index remained stagnant again and there was not much movement. As price continues to test the $81 resistance, price continues to consolidate. My view remains consistent with previous weeks and I need to see a clear and committed break out in any direction…
Gold – A Retest Before the Bears step In?
(Click on image for larger view) Hi All, Here’s a quick update on Gold. A few weeks ago (see article), I mentioned that Gold was consolidating hard and it was about to breakout of a triangle pattern. In fact, price broke out on the 27th May. Since then, I have been waiting for a pullback…
Weekly Commentary: 15th June 2014
Previous weekly commentary: Commentary on 8th June 2014 Hello Traders, As mentioned last week, I was expecting a more interesting week but that didn’t happen as the USD index did not move much. The market often surprises us but my view remains the same – based on market psychology, the more price consolidates, the more…
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