This is a guest post by Andrew Bezen. Forex traders look at the economic calendar before the trading week starts. The idea is to find out the most important economic news that influences markets next week and to position correctly ahead of them, or maybe even avoid them. If you take a look at any […]
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SPY remains bullish as it is near all time highs. SPY has been in a trading range for two weeks $244 resistance and $241 support. The average true range for price expanded last week to give day traders more room to work. $VIX remains low at 10.38 with resistance at a 12 VIX.
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This is a Guest Post by @LoneStockTrader which was posted originally here: “Stop Focusing On The Money” and is reposted here with permission. I think I can affirm quite confidently that we all started trading for the money. We all had this idea that unlike most regular jobs, trading is a way for us to reach the
Traders Focus on this, Not the Money Read More »
This is a Guest Post by @LoneStockTrader which was posted originally here: “Loss Aversion – Cut Losses Short & Let Winners Run” and is reposted here with permission. Loss Aversion – Cut Losses Short & Let Winners Run If you’ve been trading for a while, you’ve probably heard the following ubiquitous mantra of trading: “Cut Your Losses
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. It is important that we remember the great traders. The lessons we can learn from their experience are precious. That is why I have this short visual presentation covering some of their famous sayings. I
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. FOREX Basics: Order Types, Margin, Leverage, Lot Size Due to a popular demand from less experienced traders, I have written an article describing some trading basics. As with any topic we want to learn
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This is a Guest Post by @LoneStockTrader which was posted originally here: “How To Be Patient In Trading” and is reposted here with permission. I used to think I was a patient man. That is until I started trading. Patience is a virtue that is vital to success in trading. A large amount of patience is required
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. Things might get very frustrating when you miss a possible good trade setup in the market. Many traders that are new to the market think that they have missed a “once in a lifetime”
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This is a Guest Post by Alex @MacroOps which was posted originally here: What Traders Can Learn From Professional Horse Betting and is reposted here with permission. Thegreek.com, a horse racing blog, discusses the “seven deadly sins” losing horse bettors commit. Repeat these sins in your trading and you’ll suffer the same fate as the
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SPY is still bullish and near all time highs. SPY has remained in a trading range for the past 7 trading days. The MACD is still under a bullish crossover. RSI at 63.77 is near overbought so the odds are on more consolidation before we go much higher here. Average true range expanded Friday giving
10 Facts about the $SPY Chart: 6/11/17 Read More »