US crude stockpiles went up by 1.2 million barrels last week. US oil exports surged to a record high of 5.6 million barrels a day last week. China’s factory activity rose in February at its strongest rate in over a decade. The price of crude oil rose slightly Wednesday as evidence of sufficient supply, such Read More…
Analyzing the Yen’s continued slide against the dollar. Fib levels, VWAP, and RSI all point to a continuation in bearish price action. Inspirational story about a Yen trader. The slide The Yen has been sliding along with most other currencies against the dollar. 6J futures are down 7.5% since the start of the year. The Read More…
US stocks fell in February due to economic data and statements made by Fed officials. The Conference Board’s consumer confidence index went down to 102.9 this month. European equities ended higher for the second consecutive month. As investors continue to speculate about whether interest rates will stay high for an extended period, US equities concluded Read More…
I would like to invite you to ‘Trader Mindset.’ Trader Mindset is a set of 1 on 1 sessions where we focus 80% of our attention on mindset and 20% on the practical elements required in trading and markets. I have interviewed hundreds of traders. What I see in need of improvement in all of Read More…
ES is testing the neckline of the head and shoulders we have been monitoring. A potential long trade we could take that has an attractive risk-reward ratio. Trader mindset announcement. Neckline test There has been very little change in many of the markets recently regarding our technicals, but we can focus on ES since there Read More…
The anchored vwap, stochastic, and tight price range give us a bullish trade. How we can take the trade and the length of time, we expect for it to play out. Trader mindset announcement. Technical Analysis Anchored VWAP: The anchored vwap anchors the volume-weighted average price to a specific candle on the chart. In the example Read More…
