The current rally for the USD had been in some cases record setting. So turning trader sentiment does not happen easily but sometimes may happens suddenly. None of the current major pairs appear to be at important technical junctures so I am hesitant to say bottoms could form here. So for the time being it’s most important to be patient and wait for clear indications counter-trends have resumed. I have made reference to where support/resistance lie in the event the USD rallies further. If the

The USD has been strengthening unchallenged now for several weeks. It appears that bottoms and tops are forming on most pairs and this should now give way to counter-trend moves. Expect some sort of capitulation to take place and wait for trend-line breaks or good candle reversal patterns before taking any positions. Waiting for reversals to be apparent should then yield good trading opportunities. Good trading,

The charts shown here provide ranges that are likely. There
may very well be some new highs/lows registered this week however I would
expect the overall sentiment to start shifting later this week and into the
next month or so. That will then give way to additional USD strength. We
saw a tremendous sell-off of every major currency against the USD these last
two weeks. Candlestick patterns should now be the focus at critical Trend-lines
and Support and Resistance. Most currency pairs will

One of the greatest stumbling blocks to achieving success in the important aspects of life is circumstances. We seem to use them to get us off track or keep us from continuing to the end. On the other hand, successful people use circumstances to drive them towards their goals. As a trader, we all need to understand that there will be times when things arise that could easily cause us to make huge errors, become lazy in our decisions or even quit. Instead, let’s use the bumps in the road to

Every day we trade we experience challenges that can disrupt our session. These include the market movement, the economic outlook, our emotions, our attitude and so much more. These items can cause us to do many things. including quitting. However, the achiever recognizes all challenges when they arise and then adjusts so as to continue to move forward. For all of us as traders, we need to never allow challenges to keep us from growing and becoming better at what we do. We need to use

People all around the world desire to have better things happen in their life. The interesting fact is that many of them have had better things happen; however they just did not stop to enjoy it. As traders, we need to evaluate how we are doing and then if we are doing well. enjoy it. If we are not, then we need to be courageous enough to adjust. Change is good if we believe in ourselves. Belief is the strongest element of any journey. Traders who believe will always perform better than those

I was talking to Zoltan Vass (our Chief Economic Strategist at Trading Post Financial) earlier this week and we were discussing how it appears we are on the verge of some very volatile activity. Looking at what the JPY pairs did this week really confirmed our expectations. Now let me add to this that I think the old adage of ‘We Ain’t Seen Nothing Yet’ is about to be confirmed. I can’t say for certain it will be this coming week, but I am getting very organized to trade it if it is. AUD/USD I

If you could go back in time to the very first day you began trading, would you do anything different? What if you had the knowledge you had right now after months or years of trading experience. Would you make some changes? By analyzing what we do and what results we are getting and then being open to changing our habits or actions, we will always have a better opportunity for enhancing our skills. So, let’s go “Back to the Future” and look at what we might want to do if we decide to re-start

Winning, Losing, Money and Success are just a few of the many aspects of life that people use to determine the worth of others as well as themselves. In reality, it is not these results, but how we respond to them that will make our journey one that we enjoy and desire to continue doing, or whether we quit. As a trader, the understanding of probabilities and how to make them work for us instead of against us will provide great power for you as you move forward in your trading career. Listen to

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