Gold is climbing again towards its high after a big sell off over the past couple of weeks.
The dollar has seen a sell-off against the Euro since memorial day.
The Swiss Franc is getting stronger against all the major currencies. The fundamental of the Swiss economy are in alignment with the technical chart of the swissy.
The question is now which pair is better suited to take advantage of the strength of the currency.
GBP/CHF has seen a great drop but I would wait for a pull back to go short
EUR/CHF looks interesting at this level
USD/CHF shows a similar chart but the risk seems lower.
The Musings of Faith: Trade Through It -
I have to be brutally honest. My trading account has suffered this first half of the year. It’s been ugly and it has taken quite a toll on my confidence. Why should losses affect my psyche when it’s a part of the business. Because I’m human! Because I had a stellar 2010 in my trading. The past 6…
“@palomnas that would be a “no,” babe.” — mentioned by @neverbabylon: http://bit.ly/kcZW36
Anatomy of a Forex Trader [LINK] -
InterBankFX has done a good job in describing Forex traders
if you don’t watch modern family yet, someone in your life doesn’t love you enough to let you know.
it’s comedy genius.
Types of Skills Everyone Should Know Top 100 Important Skills - Popular Mechanics
The “Dirty Little Secret” of Successful Trading -
Having enough capital to trade another day is the golden rule of day trading. What differentiates a trader who trades for a living and a trader who trades casually is how risk management is handled. A professional trader regards his or her capital as raw material, a hobbyist trader regards his or her capital as play money. Risk management is the only way to stack the odds in your favor and assure longevity in this industry. This article explains why risk management is so important. Good read
This month has been up and down. I was sick for a couple of weeks causing me to miss many days of trading. Unfortunately many of those days were days of high volatility and opportunities for great trades.
Today I stuck to my new resolution of just a few trades per day.
I started with a Long of $EURUSD. I saw the euro break out of support around 1.3737, I decided to go long on the pull back thinking it would break though at least the 1.3745s. Unfortunately the movement has no momentum and I was stopped out.
I than shifted my attention to $GBPUSD. after the false breakout in the EURUSD the GBPUSD also went down. A bottom was forming around 1.6215. My reasoning was if the GBPUSD breaks the 1.6227 than it would go straight higher.
The Euro finally broke the 1.3741 after the Existing Home Sale numbers were released. My last trade was just a momentum continuation for about 8 pips.
The Tao of Trading – 5 poker rules that apply to trading Johnson Trades -
I’ve always seen the parallels between poker and trading. Not that trading is the equivalent of gambling, but the skills needed to be successful at poker are also the same in being successful at trading. This article points out 5 great reasons why poker and trading are so similar.