Q&A Video #7
Here's the next installment of the Q & A video.
5 Secrets of Trend Trading
On Tuesday, October 31, I will be doing a live chat on FXstreet.com about trend trading.
You can sign up by clicking here.
In this same space, but not until Tuesday, October 31, I'll be posting a podcast of the presentation as well as a video update.
Q&A Video $6
The next video is ready!
The direct link is here:
http://www.youtube.com/watch?v=ILWe_A_1CH8
Q&A Video #5
The next question and answer video is ready.
Enjoy! The direct link is here:
http://www.youtube.com/watch?v=EkXQNOLTNLU
Gold Ready for a Climb?
Here is a chart for Gold. It's hitting the weekly 62 Exponential Moving Average now, and there is a fantastic trendline hovering over the recent decline.
If we were to switch to a daily chart, and got a move above the trendline, it would be time to buy. Now why is this important? Because the movements in gold reflect, partly, the world's view of the value of the US Dollar. If gold takes a big climb upward, we are seeing a lack of confidence in the US Dollar.
Q&A Video #4
Good day! The next video installment is ready and it's our best yet.
We talk about a friend who built his own trading system, about a trader who kept on trading even after a good win, and last of all about a friend who lost 20,000 Euros in some bad trades, but who was able to recoup the loss. He is a good trader and friend and we laugh a lot during our conversation - but he really made some good decisions after the loss, and we want to emphasize how intelligently he approached the challenge.
If the video above does not play correctly, here is a direct link:
We hope you enjoy the show. Here is a direct link to the file on YouTube:
http://www.youtube.com/watch?v=XqT8RlLQcAw
We hope you enjoy the show.
Q&A Video #3
We just produced another question and answer video. We talk about building systems, cool duds, and when we think it is okay to re-enter a trade idea.
Here is the direct link in case you are not able to view it:
http://www.youtube.com/watch?v=KsXX9917Bqs
Happy video watching!
Q&A Video #2
A great question about how to manage trades and get enough sleep, and another good one about how much money it really takes in order to trade for a living. Enjoy!
Here is the direct link from YouTube if you cannot get the video to play correctly:
http://www.youtube.com/watch?v=DTNJ8fIrDEE
Next video update: Monday, October 23.
Testing Works -- Everywhere
Google is now encouraging you (semi-officially) to do testing to see what pages on your Web site are working the best. If you look at that from a different perspective, then you could say that Google is encouraging you to do backtesting. Or forward testing. Or just plain and simple, they're saying:
When in business, it pays to find out what works best, before you commit to large amounts of resources to a product or service launch.
Here is the link so you can see what they are doing.
Why would it be any different for you as a trader?
Piptopia Live!
Tonight we produced the first Piptopia Live! video, in which we answer questions you submitted to me today. If you like it, let me know, because it was all my idea. If you don't like it, tell Dave Murphy, because it was his idea.
Even if you didn't like it, we had a lot of fun making it. Enjoy!
Over the Impeccable Hedge?
One of my students and good friends, Michal Kreslik, is a brilliant analyst and has come up with a fascinating article about what he calls the "Impeccable Hedge." He has an excellent entry in his trading forum about the hedge trade and you can find it here:
http://kreslik.com/forums/viewtopic.php?t=307
Michal knows his stuff and what he is talking about here is one very promising method for determining a currency pair'sfair value, or actual value, in the very short term. It's thought provoking and worth the time it takes to read. Enjoy!
Dilbert on Trading?
To follow up on the entry below, I want to share with you the thoughts of Scott Adams, the creator of the Dilbert cartoon. He says he fails 10 times for every success. Here's the link, and it's an inspiring read:
I think the goal in learning to trade is to lose as little as possible on your failures, and to make as much as possible on your successes.
Can You Really Do This?
The question people ask me most often is:
Can I really trade for a living?
And I always tell them yes, as long as they are willing to focus themselves, obey money management principles, and engage in a regular regimen of backtesting. Most people ignore everything that I said in the previous sentence, and move on, having heard what they want to hear.
But then, most people still fail at trading. In fact, they fail miserably. The root cause of this is NOT one of these things listed below:
BKTraderfx.com
Kathy and Boris from Dailyfx.com just launched a very cool Web site -- BKTraderfx.com. What I think you might be interested in the most is the newsletter that they send out ... it's got trade ideas, economic analysis, and more. And for now, it's free. You can't beat that price.
Boris and Kathy are two of the smartest currency analysts that I know. It's worth your time to take a look at the site. Here's the link again:
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