Last night is what we call a good no trade night. Remember taking no trade is taking a position, and often the safest position. We had several good reasons to take a short position around 1.7360. Unfortunately the market just dropped, all night, never taking the bounce up we look for our entry. In the [...]
Posted in Blog | Tagged 40406, a, at, back, forex, look, trading
Looking at Friday’s trades reminds me of the importance of multiple technical indictors. When I was writing Friday’s newsletter, I spoke of several indicators, which lead me to believe Cable was going down. Lets review: First we would like to decide if the up swing will continue or not, and looking at the 1 hour [...]
Posted in Blog | Tagged 4306, a, at, back, forex, look, trading
Most of us know that wine comes from grapes that are aged. But have you ever wondered what helps the grape age properly and why red wines need more time to age than white wines? The process of aging starts immediately after the grapes are picked, crushed and pressed. The grapes are then put into [...]
Posted in Blog | Tagged a, and, at, look, red, white, wines
When you step into the gym for the first time, it can be overwhelming to see the variety of machines for you to choose from. How do you tell which machine is the best one to meet your needs? The smartest thing to do is to ask an employee or arrange for a one-time session [...]
Posted in Blog | Tagged a, at, look, the, treadmill
I understand that hindsight is 20/20, but I believe that there is still a great deal to be learned by looking back at Forex trading. Although this article was written ahead of the trading action I am going to discuss, by the time you read this the trading activity which we’re discussing will have already [...]
Posted in Blog | Tagged 32706, a, at, back, forex, look, trading
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