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How To Set Your Trading Goals (And Achieve Them)

The number one goal-setting mistake traders make is setting goals related to money. Active traders will often tell me that they have a goal of making X-dollars a day or X-points a day. That’s just not a good way to structure a goal. Trading Goals Related to Money What happens when the market trades in a very narrow range? Typically, price movement will

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USDCHF: Weakens Further, Eyes Key Psycho Level

USDCHF: The pair declined further on Monday leaving risk lower in the new week. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 0.9700 level

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How To Get Frustrated In Trading (And How You Can Fix It)

Becoming frustrated challenges every trader. Trading psychology can help traders handle the many frustrations of trading. Feeling frustrated is just another way of saying that we don’t like what the market is offering us. When things don’t go our way, it’s natural to get frustrated. But like so many things in life, it is how we respond to frustrating events that can make

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GOLD: Looks To Pullback On Correction

GOLD: With the commodity still trading below its key resistance we envisage a move lower in the new week. On the downside, support comes in at the 1,330.00 level where a break will turn attention to the 1,320.00 level. Further down, a cut through here will open the door for a move lower towards the 1,310.00 level. Below here if seen could trigger

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EURUSD: Sees Price Hesitation But Vulnerable

EURUSD: The pair saw price hesitation the past week but still faces corrective pullback risk. Support lies at the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level. Conversely, on the upside, resistance comes in at 1.1250 level with a cut through here

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GBPUSD: Risk Builds Up On The 1.2865 Zone

GBPUSD: The pair continues to target further weakness after closing lower the past week. It now targets it key support located at 1.2865 level. On the downside, support lies at the 1.2900 level where a break will turn attention to the 1.2865 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2800

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How Mental Secrets Of Elite Athletes Can Help You Manage Your Trades

Like traders, top athletes compete and practice their sport day after day. Like traders, top athletes have good days and not so good days. Here’s an insightful comment by an elite tennis player after winning an important match in which she didn’t feel 100% (emphasis added in bold): Actually, mentally I’ve been going well from every match, I’ve been unbelievable. Probably stronger and

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EURUSD: Threatens Further Recovery Higher

EURUSD: The pair rejected lower prices on Wednesday to close higher. This development leaves EURUSD faced with consolidation risk with upside bias. Support lies at the 1.1100 level. Further down, support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level. Its daily RSI is bearish and pointing lower

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