July 25, 2014 This week, I haven’t had quite as much time to trade, although I provide up a write-up on Friday’s trading following this post. Consequently, I figured I would take a step back from the technical analysis articles and instead cover some topics and discussional tidbits that I often do not address directly […]
July 24, 2014 Oftentimes, the biggest hurdle any trader has in becoming successful at the pursuit is overcoming himself. The ability to manage one’s own mentality is instrumental in determining whether one can become successful over the long-run. You may have heard the assertion that trading is “1/3 strategy, 1/3 money management, and 1/3 psychology.” […]
July 23, 2014 The EUR/USD was stuck in a rut during Wednesday’s trading and nothing looked even remotely close to providing a solid trading opportunity. So I hopped over to my back-up pair, the GBP/JPY, which did have some interesting action going on. And just as a side note before jumping into the heart of […]
The most recent Mondays haven’t been overly kind regarding my personal trading results. In fact, I know that over the previous two Mondays I have gone 0-for-5 ITM on my trading results. :( But today, I was able to start out the week well. The first trade came at resistance 1 – 1.35427. In the […]
I’ve broached this topic in the past during the course of my other posts, but only briefly and felt it would be wise to dedicate an entire space to it. As always, I recommend that any individual trade at a time convenient for them and also one in which their mental energies are high, as […]
I did not take a trade last Friday while watching the EUR/USD given that nothing set up to my liking. But it was one of those days that could have turned out a lot worse if I was impatient and forced matters by taking trades that weren’t actually there. So I felt compelled to write […]
The market has been surprisingly amenable to a decent amount of trade set-ups recently. Normally, during the lower-volatility period of the mid-summer the market is at its most lackadaisical point. But for anyone looking for quality trade set-ups you definitely can’t complain about price movements backed by legitimate volatility. Needless to say, one needs a […]
Immediately when I began looking at the market, the resistance 1 level of 1.36073 stuck out as the first price level to consider trading. The market seemed to be venturing toward it so I set my alarm a few pips above it and it triggered about ten minutes later. The first touch occurred on the […]
Today was an interesting trading day with many ebbs and flows in the market that made things interesting. Summer trading tends to always be lower in terms of volatility, but it did feel more like a day during the fall or spring where there’s a lot more up-and-down. And this, of course, was just the […]
As has been customary this summer, more support and resistance trading mainly through the primary use of pivot points as my guiding influence was the basis behind today’s trading. The pair made a steady decline back down toward the daily pivot level of 1.36324 around the beginnning of the 3AM (EST) hour. It came agonizingly […]