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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Weekly Commentary: 18th May 2014

Previous weekly commentary: Commentary on 11th May 2014 Hello Traders, This week the USD Index closed higher at around $80.10. To be honest, I would prefer to see another weekly bullish trend bar but you don’t always get what you want.  As always, I need to see another higher high for a more convincing bullish…

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The Power of the Mind

You do know that the mind is a very powerful trading resource, do you not? You also know that it is an important tool that can help you achieve trading success easily and effortlessly, right? If you agree (and I know you do), then great news for you because you are either already part of…

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Gold – What’s on the Mind of Traders?

  (Click on image for larger view)  Hi All, As mentioned on 20th Mar (see article), it was established that price is sitting in the middle between a strong Resistance (~1430) and a strong Support (~1180). As I write this post, that remains true. Also, since my last commentary on Gold (see article), price failed to…

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Weekly Commentary: 11th May 2014

Previous weekly commentary: Commentary on 4th May 2014 Hello Traders, It was an interesting week. As mentioned in previous weeks, I was looking for price to test the $79 level. While the USD Index did touch the $79 mark, it tested the level and bounced off it. It was a big turn around on Thursday…

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3 Ways to Connect with Your Trading Mind?

  My interest and fascination for the power of the mind continues as I am now nearly half way through my course on hypnosis and hypnotherapy. The more I learn about the subconscious mind, the more I realise that having the knowledge of the subconscious mind and ability to connect with it consciously is just…

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USDCAD – A Reversal In the Making?

(Click on image for larger view) Hi All, Since my last commentary on the 6th April (see article), price has been unfolding itself and it looks like a reversal pattern in the making. Why do I say that? Well, looking at the chart above, price has been on an uptrend since Sept 2012. While my long…

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