Mechanicalise Your Trading, A Great Habit to Have

The first quarter of the year had just passed by and we are already moving towards the end of April. While it took me a while, only very recently did I manage to complete the review of my trades from Jan-Mar. Just to be clear, I’m not updating my rules but this is one of…

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Gold – Patience Trumps Gold Anytime

(Click on image for larger view) Hi Traders, Since my last commentary on 20th March (see article), price broke out of the price channel, tested another soft support level (~1724) and managed to bounced off it. Looking at the precious metal again, it’s now back to test that level since that last bounce. Because the soft…

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Weekly Commentary: 20th Apr 2014

Previous weekly commentary: Commentary on 13th Apr 2014 The USD Index is certainly getting more and more uncertain. However, this is not too surprising as you can start to see a consolidation pattern forming which looks like some sort of triangle pattern. Is the market reflecting the lower volume week due to it being the…

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Making Trading Changes is as Easy as Changing a Software Code

“…a state of mind or perspective is like software code. You could have several thousand lines of perfectly written code, with only one flawed line, and in that one flawed line there might be only one character out of place. Depending on the purpose of the software and where that flaw is in relation to…

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GBPUSD – Bulls Are Still Winning

(Click on image for larger view) Hi All, Quick update on Cable. As mentioned over the weekend (see article), I was waiting for a confirmation of a double top – which did not happen. The pair was also testing a long term resistance level again and I was waiting for clues in the market to…

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Weekly Commentary: 13th Apr 2014

Previous weekly commentary: Commentary on 6th Apr 2014 The USD Index tanked this week. This was a good reminder because that’s part of trading and you don’t get it right all the time. Looking at the weekly chart, price dropped with momentum, giving me an engulfing bar and closing back around $79.50. Will price drop…

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3 Lessons You Need to Accept Winners and Losers with Grace

Today’s topic is an exciting one because I will be talking about something that many new and aspiring traders hate most, and that’s because many of them only aspire to win.  On the other hand, seasoned traders know very well that winning or losing is part of the game. In fact, ask a professional trader…

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AUDUSD – Where To Next?

(Click on image for larger view) Hi All, Just a quick update on this currency pair. As I’ve mentioned a few bullish patterns in the past (see article), these patterns have once again proven itself to work. The real question now is where will the Aussie go next? Looking at the weekly chart above, price…

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Weekly Commentary: 6th Apr 2014

Previous weekly commentary: Commentary on 30th Mar 2014 The USD Index closed higher this week, not too surprised based on what I’ve mentioned last week. As price continues to move higher, I will be watching closely as soon as price starts to approach the $81.50 mark. Until then, I will continue to be bullish on…

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Why Traders Need Mental Reprogramming to Succeed?

Once in a while, you get a successful businessman or a qualified professional who joins the trading world and wants to start a full time career in trading. They know that you can make a living from trading the market and, hence, they want a piece of it too. In fact, who won’t since there…

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