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Trading Insights

Comm-dolls take it on the chin

Last week there was a move in comm-dolls that suggested that there may be strength as Japanese yen flooded the market looking for yield. Of course that all comes tumbling down – for now – but could that play reemerge?

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Support Break on USD/CHF? – Trade Closed

Good morning forex friends! There wasn’t much of a break last week for USD/CHF as the pair hung around the .9300 area, despite more weak data from the US. With the start of a new week, and some really bad Chinese GDP data to kick it off, I closed my trade and moved on.

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Losing traders will get locked into a state of negativity. They will let their losses affect them. It is a snowball effect. They will have a loss, and another loss, and another loss, and then, all of a sudden, they are in this really dark place in their heads where it is too late to escape because they have compounded all those negative thoughts.Amrit Sall