How To Run Your Trading Like a Real Business
In my life I’ve always wanted to do only two things -- trade and run a food business. To this day whenever I find myself in a Walter Mittyesque reverie I imagine running a restaurant or a food store...
View ArticleReal Traders Know…
One of the traders in my room said to me the other day, “I have this indicator I made, but I can’t use it yet -- it’s a still messy.” To which my response was -- it’s supposed to be messy, get in in...
View ArticleUSD/CAD – Is this Reversal Real?
USD/CAD – Is the Reversal Real? After rising strongly in the last 2 weeks of September, USD/CAD reversed fast and hard last week. The sell-off in the currency gained traction today and if this week’s...
View ArticleEUR/USD – Is This Breakout for Real?
The EUR/USD rose more than 3% today in one of the biggest short squeezes in years as Mario Draghi under delivered and the pair which was grossly oversold popped more than 300 points higher. There is no...
View ArticleUSD/JPY Is the Bounce for Real?
This has been the third time that USD/JPY has tested the 111.00 figure and the third time that is has bounced off that level. Is three times the charm for the pair? It certainly appears that way as...
View ArticleAUD/USD – Is the Breakout For Real?
The Aussie took out the 7700 in the wake of better than forecast employment data, but as we noted earlier,”Although the headline numbers looked upbeat, the underlying data was far less bullish than it...
View ArticleBulls-t Trades vs. Real Trades
What’s a real trade? A real trade is any setup that you have tested, traded, written out and generally committed to as your core day trading strategy. Real trades have very specific entry, exit and...
View ArticleUSDCAD – Is this a Real Turn?
USDCAD – Is this a Real Turn? In the last 24 hours we’ve seen a dramatic turnaround in USD/CAD. The currency pair bottomed and made its way to a high of 1.2965, now everyone is wondering whether we’ve...
View ArticleEURUSD – Is this Breakout for Real?
The euro blew through key resistance at 1.0800 level after a US official noted that Germany was using an unnaturally weak currency to compete in the world. This was the first time in decades that a US...
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