Weekly Commentary: 13th July 2014

Previous weekly commentary: Commentary on 6th July 2014 Hello Traders, The USD index closed the week around $80.20 and this week seems like a correction market. Having said that, when looking at the bigger picture, I need to remember that price is till pretty choppy and, in line with my commentary last week, until I…

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Trading Quotes # 70 – Winston Churchill

  “Success consists of going from failure to failure without loss of enthusiasm.” – Winston Churchill

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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…

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Trading Quotes # 69 – Alexander Elder

“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder

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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…

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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…

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Trading Quotes # 68 – Jesse Livermore

    “There is only one side of the market and it is not the bull side or the bear side, but the right side.” – Jesse Livermore

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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…

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Trading Quotes #67 – Peter Lynch

“The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.” – Peter Lynch

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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…

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