TradersClass

Superior Trading Skills through Education

 
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Yellen - as clear as? Print
Written by Site admin   
Wednesday, 12 July 2017 17:54

muddled

Markets have been on a roller coaster ride this week with New Zealand earth quakes, the latest Trump's son revelations and then it was Janet's turn today as she attempted to clarify matters US economic to Congress. If you have nothing better to do right now (for the next three hours) you can watch the Youtube video here. This statement sums up her new (lack of) clarity about interest rates:

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Canada tightens... Print
Written by Site admin   
Wednesday, 12 July 2017 16:01

 We just had Canada pop their overnight interest rate up from 0.5 to 0.75%, a 25 basis point rise as they say in the trade. It's taken them 7 years to do it and marks the end ultra cheap money that kicked off the crazy housing market with valuations way above the reach of the average Canadian.  Now they are confident the economy is sound and the oil price, on which the economy largely depends, has stabilised in recent months. So much for the announcement, you can read the story here, but it's the chart USDCAD that has been looking very interesting for some time.

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It's not Rocket Science Print
Written by Site admin   
Wednesday, 12 April 2017 10:24

  Detective Clipart 25573Just some detective work as a discretionary trader. It's not slavishly following a 'cast in stone' algorithmic style, the type of system that only considers a never changing set of criteria that is much better traded by a computer than a human.

Detective work takes a look at the chart to find those clues that just might build a case to put on a trade.

One of our recent Traders Class trades was the New Zealand vs Japanese Yen. The evidence started with a classical charting pattern, a Double Top.

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Crude Oil & the Dollar Print
Written by Site admin   
Sunday, 29 January 2017 19:44

Crude Oil and the US Dollar have a long term correlation, it's inverse, so as the Dollar goes up, Oil goes down.

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Dow Rocket ship Print
Written by Site admin   
Thursday, 26 January 2017 14:45

 dow2000

Dow at 2000, will it become a distant memory?

We had the Trump rally part one following his election, which was largely based on 1. massive short covering by

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Page 5 of 8

From the blog

Trading False Breaks

Non Farm Payroll, NFP days, are well known for surprises and violent whipsaws.

False break outs are either the bain of the Forex traders life or one of the best trading opportunities available. I go with the latter view, I'm seldom comfortable with breakouts as there is a very high probability of false breaks so I like to be on the look out for failing breakouts as the probability of a move against the previous trend is higher.

Trader Vic, Victor Sperendeo, detailed the 2B false break in his 1991 book 'Trader Vic, Methods of a Wall Street Master' Take a look at the picture below.

This is how to trade them, see the chart and desciption below....

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