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Psychology
Finding flow in trading and in life
Have you ever been so completely engrossed in an activity that you become lost in it? Maybe you had no sense of time and hours seemed like minutes—you forgot what you were doing, and even the normal, scattered wandering of your mind stopped and you were completely focused on
Chart of the Day
Chart of the day: global stock volatility
Here's a chart I published yesterday in the research I write for Waverly Advisors. I thought no comment other than "wow" was needed... (Edit: my work is now available at Talon Advisors.)
Chart of the Day
Chart of the day: trend conflict in gold
Chart of the Day
Chart of the day: EUR/TRY trend and extension
Technical Patterns
Reader question: What is the most important chart pattern?
Reader Jeff asks: Quick and I hope simple question here. What is the most important thing to look for on a chart when I'm studying for an entry? Candles? Indicators? Classic patterns? Where should I start? (Background is I'm a struggling trader a few years but
Anti
Multiple timeframe conflict: EUR/GBP
Multiple timeframe analysis can provide good context and perspective on market moves. Take a look at the daily and weekly chart of the EURGBP below, which popped up on my radar screen because of the 3.2 sigma move underway this morning. The daily chart is strong, and appears to
General Comments
Thoughts and advice for new traders (and experienced traders too!)
I’ve been talking a lot with new and developing traders, doing some one on one work, and also hanging out in some forums that cover a very wide range of experience and sophistication. Seeing people start at the very beginning of our discipline has made me think deeply about
General Comments
Maintaining motivation
It’s that time of the year again: resolutions are made, gym memberships bought, diet plans laid out, major projects are started—the whole time, everyone knowing that all these plans are doomed for failure. Why do we fail so consistently on these New Year’s resolutions that it has
General Comments
Setting goals and making plans
In the post-holiday quiet, I tweeted yesterday inviting my followers to think about the one thing they could do in the coming year to improve trading results. I hoped to provoke some thought, and knew that the answer you come up with probably is unique to you—some of the
Pullback
More trading lessons from copper
I thought it would be interesting to update this post, which was a fairly in-depth look at trading some pullbacks in copper. If you haven’t read it, go read it first, and if you read it a while ago maybe glance at it again so that what follows will
General Comments
How a trader should think about central banks
One of the recurring themes I've heard from traders (both professional and private) over the past decade or so is distrust, anger, and mocking of central banks and central bank action. I won't quote anyone, but some examples: * Prices can't move randomly because central