YTE Blog

I don’t like being wrong. I especially don’t like being wrong when it involves money. When I see a sea of red on my screen, it makes me just the teensiest bit tetchy.  I’ve gotten a whole lot better – it used to make me nauseous. And when I’m wrong, I beat myself up. Horrible, bitchy alter-ego Je...

Perth One-Day TakeAway Workshop  Technical Analysis • Trading Strategies  • Money Management Buy the Take-Away Workshop »HERE (If you want to come along with a friend you can both attend for $75!)   Elliott wave GOLD Elliott Wave Gold 1 Hour Chart Wednesday, 22 February 2012 at 2:40:00AM ...

Over the weekend, China announced a 50 basis-point cut in the Reserve Requirement Ratio. This is essentially the proportion of cash that banks must set aside as reserves. The change will take effect on 24 February, and the figure will fall to 20.5% from 21%. This is the second time in three months...

 Perth WorkshopTradingLounge.com.au is having a 1 Day Trading Workshop in Perth 24 March 10AM – 4.00PM Cost $55 Seating will be limited to first in first served, CLICK HERE  Technical Analysis - The Day Ahead Dow Jones 12,949 +0.35% Base Metals Negative US Gold CFD: 1722 Oil WTI: 104.24 U...

Trading a small account can suck. As you’ll already know if you’re a regular reader of my blog, I spent a good amount of time last year ‘testing’ a system I devised, and as luck would have it, it performed brilliantly.  In percentage terms, it was pretty incredible.  Unfortunately in real dollar...

Elliott Wave OilElliott Wave Oil 1 Hour Chart Tuesday, 14 February 2012 at 6:10:00PM AEST Oil prices spiked above $100 per barrel, but now showing some weakness. So our outlook for earlier is still unchanged; we favour more gains in this week, while market trades above 97.30, and we think t...

Over the weekend, Greek Prime Minister Lucas Papademos won parliamentary approval for austerity measures to secure a second international bailout and avoid national bankruptcy. Out of 300 lawmakers, a total of 199 backed the bill. The passing of the austerity bill was a boon for market traders who ...

Technical Analysis - The Day Ahead Dow Jones 12,801 -0.69% Base Metals Negative US Gold CFD: 1718 Oil WTI: 98.90 US Copper CFD: 385 US Dollar: 79.20 EURUSD 1.32 AUDUSD 1.0670 Dow Jones CFD 12,800 S&P500 CFD: 1343 FTSE 100 CFD: 5857 DAX CFD: 6684 SPI CFD 4230 News U.S. stocks were dragged...

This week's top trading blogs... Swing Trader's Edge Well if you want a catalyst, than here it is. I have always used the charts to guide me in my trading but I certainly do not ignore wider macro and fundamental issues. Tuesday's decision by the RBA to leave rates on hold will prove to be shor...

Last week, US government data beat all estimates when it reported that Non-Farm Payrolls rose by 243,000 in January. The official figures easily surpassed the 140,000 estimate by economists. Additionally, the unemployment rate came in at 8.3%, the lowest level in nearly 3 years. This also recorded ...

  Elliott Wave AUDUSD   Elliott Wave AUDUSD 1 Hour Chart Tuesday, 7 February 2012 at 3:05:00AM AEST Aussie reversed impulsively down to 1.0680 today and so far, bounced only in three waves, which appears to be wave (b); part of a corrective downside price action. We expect weakness within wave...

Special Note: TradingLounge is having a 1 Day Trading Workshop in Perth 24 March 10AM – 4.00PM Cost $55 Seating will be limited to first in first served, more details will be available soon in these blogs Elliott Wave Forex USDCHF Tradinglounge – Delivers trading opportunities for Internatio...

After intense negotiations at the recent World Economic Forum in Davos, Switzerland, a deal with Greek bondholders seems imminent. In October 2011, the bondholders agreed to take a 50% cut in the face value of their bonds, worth more than 200 billion Euros. In simple terms, this means that bondhold...

Last week in trading blog-world I stumbled across something truly frightening. I know that sounds very dramatic, and you may think there is nothing all that frightening about trading – it’s just trading after all – but let me explain. One of my recent followers on Twitter has a neat little trading ...

TradingLounge’s 7.30.AM Daily Technical Analysis Report Technical Analysis Dow Jones 12,660 -0.58% Base Metals Steady US Gold CFD: 1724 Oil WTI: 100.75 Copper CFD: 389 US Dollar: 79.40 EURUSD 1.3120 AUDUSD 1.0630 Dow Jones CFD 12,742 S&P500 CFD: 1316 FTSE 100 CFD: 5770 DAX CFD: 6500 SPI C...

This week's top trading blogs... Commodity Trader Fed meeting this week as well as any new developments out of Europe. My suggestion is to always look one-two weeks in advance for upcoming economic events when initiating trades. Just when it appears Crude was destined to move lower prices rever...

Elliott Wave Gold Gold 1 Hour Chart Monday, 23 January 2012 at 7:05:00PM AEST Gold was unable to break through the 1642 support on Friday. In fact, prices bounced sharply from that region, which means that pull-back from the top was actually just another 3-wave pattern, likely a wave 4 as shown ...

Technical Analysis Report News NEW YORK -(Dow Jones)- Strong earnings from International Business Machines powered blue-chip stocks higher for the fourth-straight session, even as discouraging quarterly reports from other bellwethers kept the broader market flat. CFD Commodities US Gold CFD...

This week's top trading blogs... Forex Trading Blog In the UK, a weaker than expected CPI figure and increased speculation about further quantitative easing by the BOE has seen the currency remain heavy in the past few trading sessions. The opportunity exists for a short EURGBP trade at levels ...

What a week it has been for the Euro. Mid-week, ECB chief Mario Draghi gave a press conference, stating that the bank’s policy of extending low interest loans to financial institutions had been successful in stabilizing the region’s credit markets. Proof of his statement was seen in the recent Spa...