Looking at the recent price action in CL. There are trade opportunities for a range-bound trade and a breakout trade. Spinning top spotted on the 3-month chart and what it means for the rest of the year. Overview Crude has been a range trader’s dream as black gold remains within a tight 5 Dollar range Read More…
Gold retraces from its downtrend, offering bears a short opportunity. Trader mindset announcement. Last time we looked at Gold On February 24th, I mentioned how we should be sitting on our hands until we saw a potential short squeeze in GC futures. Sometimes we just have to accept the fact that there are no opportunities 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…
The Fed may increase interest rates by a half-point in March. Figures revealed that orders of core durable goods in the US rebounded in January. British Prime Minister Rishi Sunak reached a new trade agreement with the EU. Despite continued fears over impending interest rate hikes to contain stubbornly high inflation, US equities managed to Read More…
