Intraday bias in USD/JPY remains mildly on the downside with 89.14 minor resistance intact. Current fall from 92.31 should extend further towards 88.00 support first. Break there will confirm medium term down trend resumption for 87.12 low next. On the upside, above 89.14 minor resistance will turn intraday bias neutral…
Category Archives: General Forex
USD/CHF Mid-Day Outlook
USD/CHF’s fall from 1.0222 extends further to as low as 1.0071 in early US session and at this point, intraday bias remains mildly on the downside for 1.0032/34 support. As noted before, the corrective structure of the rise from 1.0034 to 1.0222 argues that USD/CHF’s down trend is still in…
Defining A Great Trader
Great traders that we have had the pleasure to know and to be around, on exchange floors and on trade desks, had certain repeatable traits that all level traders can learn, or take something from;
Five Fatal Flaws of Trading
If you’ve been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn’t seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing…
Don’t Hold Your Breath Too Long While Under Water
The headline of this educational feature pertains not to swimming but to trading. Most professional traders do not hold onto their losing positions for very long. Once a trading position goes “under water” most professional traders will immediately begin looking for an exit strategyÂÂÂÂ-if they do not already have one…