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Why Trading Is Sometimes Not What You Think

Trading can be counter-intuitive in a number of ways. Let’s examine an instance of this as we look over Shirley’s shoulder at her trade. The green candles were rising faster than the space shuttle Endeavor toward her stop. Her eyes were like saucers while she fought a compelling urge to move her stop-loss. The price action belonged to the YM E-mini 5 minute

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EURUSD Risk Still Remains Lower On Pullbacks

EURUSD: The pair remains weak and vulnerable to the downside despite its price hesitation. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim

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GOLD Outlook Remains Lower On Price Reversal

GOLD: The commodity remains weak and vulnerable to the downside after it reversed its Friday gains on Monday. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further

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How Your Trading Purpose Is Your Gateway To Trading Success

Paulo breathed a heavy sigh as he thought about the next day’s preparation. He was still attempting to recover from today’s session, which was emotionally whipping him as my grandfather used to say, “like he stole something!” He felt fragmented and frustrated, and he knew that his research and preparation for tomorrow’s trading was crucial. Paulo also knew that his state of mind

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GBPUSD Consolidates But With Bull Risk

GBPUSD: The pair may have hesitated the past week, but remains slightly biased to upside. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands at the 1.3300 levels with a turn above

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GOLD: Bullish, Outlook Remains Higher Nearer Term

GOLD: The commodity remains on the offensive leaving risk higher nearer term. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure towards the 1,260.00 level.

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AUDUSD: Retains Downside Pressure, Extends Weakness

AUDUSD. The pair continues to hold on to its downside pressure weakening further on Friday. On the downside, support resides at the 0.7500 level where a breach will aim at the 0.7450 level. Below that level will set the stage for a run at the 0.7400 level with a cut through here targeting further downside pressure towards the 0.7350 level. On the upside,

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How To Develop The Habits To Drive Your Trading Success

Has this happened to you as it did to Harvey? His eyes were at half-mast as he could barely focus on the chart staring back at him from the computer screen. He felt very tired like he had weights on his arms, and his mind was foggy. But, what was quite clear is that he had lost again. Harvey’s anger began to rise

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