June 23, 2017

Technical Analysis 101: The Inverted Head and Shoulders

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Technical Analysis: An Opportunity in the Greenback

May 24, 2017

Since topping out at 103.81 in early 2017, the U.S. dollar has been nothing short of a slow-motion disaster. Things got so bad by May 2017 that the currency broke below the support line of the falling wedge pattern. Much of that may have been a result of Donald Trump’s weaker dollar policy, though as well as with political uncertainty.

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Two of the Most Important Elements of the Gold Trade

May 19, 2017

You can’t trade the news, they say.

“There’s no way to accurately gauge how a news event will play out in the markets, I don’t care what they say.  Trading the news is an especially seductive trap for those who aren’t in tune with major stock market trends. They don’t realize that in most cases the market’s already baked the news “into the cake” by the time it’s reported.”

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Technical Patterns 101: Simplicity at its Finest

May 17, 2017

“Everything should be made as simple as possible, but not simpler.”

That’s according to Albert Einstein.

Applied to trading, it simply tells us simplicity is key. 

 

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How to Spot Pivots in the VIX

May 12, 2017

It was a rare occurrence we hadn’t seen in 24 years.

The infamous fear gauge – the VIX – fell to an unusual low of less than 10 in May 2017 – something that hasn’t happened since December 1993.  In the single digits, the idea is that all is well.  Calm as resumed.  But it’s at these points when smart investors begin to worry.

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Currency Trading: Highly Effective Trading Indicators

May 10, 2017

We all have a tendency to overthink just about everything.

We make things much harder than they really have to be.  We’re all done it.

But let’s be honest.  The simpler things are, the easier it is do just about anything, including making money.  It’s the simple strategies that allow for the best results with less stress.  In fact, many currency traders will only look at charts as a simplified way to identity patterns and opportunities, instead of being bogged down with the noise of the news. 

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How to Use MACD Effectively

May 5, 2017

When it comes to pattern recognition on a chart, we could spend hours looking at daily, weekly, monthly, one-year and five-year chart. 

We can examine every wiggle, every bounce, and every dip for hours. 

In fact, look at the U.S. dollar. 

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How to Trade Collapsing Currencies

May 3, 2017

Since 2017 began, the Mexican Peso has been an absolute mess.

In fact, since January, it fell 16% from 22. 

However, as you can see in this chart of the $USD-MXN, it sat at an extreme low at double-bottom support dating back to November 2016. Will support hold, or will the Peso continue to fall?

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Education 101: The Most Common Trading Question

April 28, 2017

Risk tolerance comes up in a lot of trading conversations.

And the usual response I give is – well…  how much can you afford to lose?  What’s your personal risk tolerance?  It may seem like a ridiculous question, but it’s also one of the most ignored.  In fact, some traders are so focused on hitting that jackpot trade, they never stop to ask themselves how much they can really afford to lose.

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