jakobn's Blog
Quotes About Trading #2
"ALWAYS DO WHATEVER'S NEXT."
-George Carlin
Especially true when it comes to trading. We can't afford to mourn because of losses in the past. Think about the mistake you made and do whatever's next. Hopefully profit.
-George Carlin
Especially true when it comes to trading. We can't afford to mourn because of losses in the past. Think about the mistake you made and do whatever's next. Hopefully profit.
Quotes About Trading #1
I'm starting a chain of quotes which can help every trader to learn from the best. Personally, I think that psychology is one of the most important things in trading.
Let's begin with Warren Buffet. He says: "NEVER TEST THE DEPTH OF RIVER WITH BOTH THE FEET."
I often tried to enter the market with both feet and it didn't end up well, believe me. Lesson learned!
Let's begin with Warren Buffet. He says: "NEVER TEST THE DEPTH OF RIVER WITH BOTH THE FEET."
I often tried to enter the market with both feet and it didn't end up well, believe me. Lesson learned!
Important 7 year trend line for USD/CAD
I think that at the beginning of November the USD/CAD pair will be mostly bullish. In the USD Index weekly chart below, we can see an obvious trend and a few hammer candlesticks, so I expect this pair to go up at first.
I have another chart that I think is important for this month. We don't often use monthly charts, but in this case it can be very useful. We see the trend line that lasted 7 years, at first as a support and now as resistance. Even though that I expect US dollar to be strong, I t…
I have another chart that I think is important for this month. We don't often use monthly charts, but in this case it can be very useful. We see the trend line that lasted 7 years, at first as a support and now as resistance. Even though that I expect US dollar to be strong, I t…
EUR/USD Technical forecast
I think that the EUR/USD pair is going to fall even more that it has (long term). On weekly charts we can see that the area around 1.2800 offers some kind of support and I am sure that the market will pull back a little bit. Also +DI is very low and Bolinger Bands (50,2) are tight so eventually buyers will push the market up a few pips.
I see the space between Bolinger Bands as potential area of price in the future. And as you can see on monthly chart, lower band is near 6 year resistance. At th…
I see the space between Bolinger Bands as potential area of price in the future. And as you can see on monthly chart, lower band is near 6 year resistance. At th…