What makes a Good Trader Good?

Trading is a discipline that requires a lot more than what I can write in one article. However, it is important for you and I to nail down what we lack and to figure what else we need before we get there, which is in line with the theme of continuous development. Right? You see,…

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Weekly Commentary: 8th June 2014

Previous weekly commentary: Commentary on 1st June 2014 Hello Traders, The market is full of surprises and you get a mixed of signals once in awhile. Looking at the USD index, even though I thought that price was about to move higher, price gave me different signal. Nonetheless, the bigger picture still holds and price…

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Why Do Some Traders Win and Some Lose?

If you have read about the Turtle Traders in the book “The Way of the Turtles” (see book), then you would also agree that it is absolutely possible that any ordinary person can be transformed into a full time trader. The question was “How”. I started trading the financial market out of curiosity, I wanted…

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AUDUSD – Price Consolidation

  (Click on image for larger view) Hi All, Here’s a quick update of what I’m watching. As mentioned on the 25th May (see article), the AUDUSD has been consolidating in a clear range. While we know that Non-Farm is just around the corner, this consolidation did in fact start nearly 2 months now. Hence,…

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Weekly Commentary: 1st June 2014

Previous weekly commentary: Commentary on 25th May 2014 Hello Traders, This USD Index closed around $80.40. As mentioned last week, I need price to break above the $80.80 price level for a more bullish bias. Looking at the weekly bar, price action gave us a doji bar, and that is a good indication that price…

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What Traders Can Learn from Property Gurus?

Today has been a fun day for me as I accompanied my dad (who recently retired from his day job) to a property auction. I used the word fun because this was an interesting experience for me due to the fact that I used to be a mobile trader and, now, a market trader. Buying…

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Gold – Breaking Out Lower

(Click on image for larger view) Hi All, Gold was consolidating hard since my last commentary (see article). In fact, for those of you who picked it up, gold formed a symmetric triangle pattern (see above). Since then, price has broken out from both the triangle and the range. Now that price has made a…

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Weekly Commentary: 25th May 2014

Previous weekly commentary: Commentary on 18th May 2014 Hello Traders, This week the USD Index closed higher at around $80.40. This is inline with what I’m looking for and, as mentioned last week (see article), price needs to break and close above $80.80 as that will give me a new higher high in price action. The…

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3 Reasons to Stay Away from the Market

Trading is about going with the flow of the market, sometimes the market flows smoothly and sometimes it does not. For traders, this would also mean that you will be in and out of the market according to the flow. When the market is flowing smoothly, you stay in and when the market becomes choppy,…

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EURUSD – A False Break or Not?

  (Click on image for larger view) Hi All, Just a quick update on the EURUSD. Since my commentary on the 11th (see article), the Inside False Break pattern has materialised but the pattern is only an early sign and not a confirmation of a reversal. Mistakes are not worth it Looking at price action…

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