Occasionally I will be slapping together a commentary about the days action on my favorite index and making a point to pickout the best entry of the day. This does not mean I take these entries. I simply point them out.
These posts will be short simple and insightful.
Notice the daily is bearish. We know better than to hold onto long positions.
Over the...
My CURRENT definition of RISK.
RISK ON
USD down, moving XXX/USD currencies up and USD/XXX currencies down.
or
RISK OFF
USD up, moving XXX/USD currencies down and USD/XXX currencies up.
Mid term (3 wks-6mo) I lean bias towards 2018 trading in RISK ON mode. Which means
EURUSD is a buy mid-term.
USDCAD is a sell mid-term.
In the last several months we have...
Hello Traders. Hope everyone is staying warm. Snow and zero degree temperatures expected in Virginia.
Many traders use many different indicators. There are so many its impossible to tell which ones are useful. Simplicity is key.
The most important tool in a traders toolbox is the ability to deceiver the prevailing trend. Using higher high/ lower low analysis we...
