EURUSD – Watching the Wedge

(Click on image above for larger view)  Hi All, Just a quick update on the EURUSD. As we await for the new FOMC meeting minute release later today, I’m keeping a close watch of the wedge pattern on this pair. For those Fib users out there, (as I write this post) price is also testing…

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Trading Quotes #60 ― Robert J. Shiller

“It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble.” ― Robert J. Shiller Robert James “Bob” Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University…

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Weekly Commentary: 17th Nov 2013

Previous weekly commentary: Commentary on 10th Nov 2013 Hello Traders, The USD index closed the week at around $80.80. This week has been a slightly sideway market and it’s also the first correction since the rally since 25th Oct. With that, I’m going to be in a wait-and-see mindset this week. The following is my watch…

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How to Build Winning Beliefs? – Part 2 – Creating The Winning Cycle

Now that you understand what the Belief Cycle is all about (see last week’s article), let’s dive into a few more useful details. As you can see that a winning belief cycle has lots of benefits. However, the biggest question you’ll probably ask is this – “Where do I start (in trading)”? Well, the honest…

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Gold – Will Gold Make a New Low?

(Click on image for larger view) Hi All, Just a quick update on Gold. After I spotted the wedge pattern on 29th Oct (see article), price went in my favour and I still have a short position as I write. Planning ahead again, price is about to test its previous low (purple line) and the…

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Trading Quotes #59 ― Alan Gotthardt

“Investing money is the process of committing resources in a strategic way to accomplish a specific objective.” ― Alan Gotthardt

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Weekly Commentary: 10th Nov 2013

Previous weekly commentary: Commentary on 3rd Nov 2013 Hello Traders, The USD index closed the week at around $81.30. As mentioned last week, there was a strong weekly engulfing bar and price continued further north this week. My immediate target is around $82.70 but it could potentially reach $84.80 if price moves higher. The following is…

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EURUSD – The Battle Between the Bulls and the Bears

(Click on image for larger view) Hi All, Just a quick update on this pair. I made a commentary over the weekend analysis (see article) giving a short bias for this pair. However, looking at Price Action in the last 2 days, it seems to suggest a different view now. On Monday, price made a…

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Trading Quotes #58 – Jim Rogers

“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom.…

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How to Build Winning Beliefs? – Part 1 – Belief Cycles

Ever wondered why some people keep winning and why some people rarely wins? Ever thought there are certain people in society that were born to be wealthy while others are just not meant to be? If you have, I bet someone in the past must have told you that this is what they call Fate…

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