Monthly Archives: November 2009
USD Strengthens Against Pound and Euro
USD Holding on To Its Gains
A Lesson in Drawing and Using Trendlines
When I began my career as an analyst, I was lucky enough to have some time with a few old pros. One in particular that I will always remember told me that a kid with a ruler could make a million dollars in the markets. He was talking about trendlines….
Weekly Trading Lesson: Don’t Change Time Frames To Stay In A Losing Trade
Too many times I hear about new traders opening a trade using the 5-minute chart (not my favorite approach) and when the market moves against them, they move to the 15-minute chart to justify staying in a little longer, hoping that the market will turn around. Then if the market…