Tag : currencies

Trading Rule—Trade With The Path Of Least Resistance
Trading Rule—Trade With The Path Of Least Resistance

  TRADING THEORY—-Trade with the short term trend, as the saying goes in futures trading the trend is your friend but sometimes you will be a market that is trending higher and then has a false breakout to the upside and then suddenly sells off causing you a 2% loss on your equity and you say to yourself that was…

You Must Understand Trading Rules !
You Must Understand Trading Rules !

This rule is extremely important and I witness it being abused constantly creating tremendous loses that are sometimes difficult to come back from. Never add to a losing position because if the position continues to go against you and now you have added even more contracts which are all losing money your account will suffer loses much more than 2%…

Excellent Chart Structure In The U.S Dollar
Excellent Chart Structure In The U.S Dollar

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What Is A Rounding Top Chart Pattern ? Look At Cotton
What Is A Rounding Top Chart Pattern ? Look At Cotton

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Excellent Chart Structure In The U.S Dollar
Excellent Chart Structure In The U.S Dollar

U.S Dollar Index Futures—The U.S dollar in the June contract is trading slightly higher up 10 points at 97.36 as I have been recommending a bullish position from around the 97.41 level and if you took that trade continue to place the stop loss under the 2 week low standing at 96.87 as an exit strategy. The chart structure is…

TRADING THEORY—Do You Counter Trend Trade ?
TRADING THEORY—Do You Counter Trend Trade ?

TRADING THEORY—Trade with the short term trend, as the saying goes in futures trading the trend is your friend but sometimes you will be a market that is trending higher and then has a false breakout to the upside and then suddenly sells off causing you a 2% loss on your equity and you say to yourself that was a…

I Remain Bullish The U.S Dollar
I Remain Bullish The U.S Dollar

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TRADING THEORY—Do You Understand Chart Structure ?
TRADING THEORY—Do You Understand Chart Structure ?

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Buy The U.S Dollar
Buy The U.S Dollar

U.S Dollar Index Futures—The U.S dollar in the June contract rallied sharply off of session lows due to the Federal Reserve comments sending the dollar up 20 points at 97.41 as I am now recommending a bullish position while placing the stop loss under the April 12th low of 96.36 as the risk is around $1,100 per contract plus slippage…

What Does New Crop/Old Crop Mean ?
What Does New Crop/Old Crop Mean ?

What’s the difference between old crop & new crop in the agricultural commodities? When analysts and traders talk about agricultural commodities such as soybeans & corn the one thing they generally mention is old crop versus new crop and that might confuse some beginners on what exactly is the difference. I will keep it simple because the only difference between…