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In no particular order, the first trading mistake that many make is to move their stop loss the “wrong” way as price approaches. I know, I know, all of the experienced traders reading this will say “You never move your stop to take a bigger loss!” But I can almost... read more
AUDUSD. The pair continues to retain its recovery threats strengthening strongly on Tuesday and leaving risk of price extension. On the downside, support resides at the 0.7450 level where a breach will aim at the 0.7400 level. Below that level will set the stage for a... read more
GOLD: The commodity closed higher the past week leaving risk higher. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level. Further down, a cut through here will open the door for a move lower towards the... read more
EURUSD: With the pair rallying to close higher the past week, more strength is expected in the new week. Resistance comes in at 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350... read more
USDCHF: With the pair selling off to close lower the past week, further decline is likely in the new week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. Its... read more
EURJPY: The pair faces further move higher following strong strength during Friday trading today. On the downside, support comes in at the 124.00 level where a break if seen will aim at the 123.50 level. A cut through here will turn focus to the 123.00 level and... read more
Have you ever emerged from a trading session in a fog and found yourself looking over the trading carnage of violated rule after violated rule and heard yourself say, “Who made those trades?” And, as the fog lifted, it became clear that you had been trading like a... read more
CRUDE OIL: With the commodity threatening further upside, more strength is likely in the days ahead. On the downside, support resides at the 48.00 level where a break will expose the 47.50 level. A cut through here will set the stage for a run at the 47.00 level.... read more
There it is, that unfinished Macro Trade Plan that you committed to finishing before your next live trade, that stack of books that you promised yourself you’d read and the list of unfinished to-dos that go back weeks. You find yourself thinking, “What is wrong with... read more
GBPUSD: The pair continues to retain its short term uptrend but with caution. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness... read more
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