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Trading Insights

The U.S. Dollar Breakdown, Neutral Directional Bias, and Price Action Going into NFP

Today’s ForexAM video is – as far as I’m concerned – the first one of the year since the volume/bank holidays really didn’t make for an interesting or fully participated Monday session. The dollar did break lower and stay below the 34EMA on the daily chart and this has brought about a transition in the daily directional bias to a more neutral or sideways direction.

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2010: Great Start…Not-So-Great Finish

Good Evening Forex friends! It’s my turn to share my 2010 swing trading performance, and overall it was mixed. I started 2010 strong, winning 80% of my trades in the first half, but took quite a few jabs to the chin in the second half trying to fight the trend.

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Knocked Down but Never Out in 2010

It’s December again, and you know what that means – time to rest up, eat some bunnies, and hit the clubs with my man Big Pippin! But before I go off for a lil’ R&R, I will leave you with a review of my trading over the past calendar year.

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Don’t Take Losses Personally!

Happy Holidays! I thought I’d throw on a trading psychology article for your extended holiday reading pleasure. Taking a hit in the trading account is never easy, but it’s good thing your good ol’ Dr. Pipslow is here to give you tips on taking a chill pill with losses.

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The six steps to my entries

DECIDE, my three C’s and my three R’s are still all tools I use to this day, some twenty years into my trading. DECIDE stands for Direction, Entry, Chart, Investigate, Deal, and Exits. The first step, Direction, includes something that I have been covering a great deal as of late which is Directional Bias.

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Life can only be understood backwards, but it must be lived forward.Kierkegaard Soren