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AUDUSD: At a Key Level .8000

The Aussie dollar certainly has been making headlines over the last few weeks as it hovers near previous key levels. Key levels are price points where price action has found support or resistance, and usually we will find tradeable opportunities around these prices as they capture the attention of traders in that marketplace.

Markets Come Back to Life

Having a range of markets which you scan regularly really helps you to increase your chances of finding tradeable opportunities. There is no reason to limit yourself to one particular market or time zone, when there are over 10,000 different products available for trade at any given time.

Motivation for Trading Success

Whenever I am presenting live webinars or conducting Personal Mentoring I am often asked, “What is the biggest impediment to trading success?”  This is a good question and one I’ve given some close thought to because it’s commonly accepted throughout the trading industry that, whilst many are called, few are chosen.  In other words, there is a large drop off from those that set out on the journey of gaining financial independence via trading to those that actually make it a success.

Trading as a Business: Part 1

Successful traders regardless of age, ethnicity or gender share a common trait; that is they all see their trading as a business. Unlike people who come into trading looking for the Holy Grail or a way to get-rich-quick, successful traders are in for the long run. They see and do things differently, and it comes as no surprise that they are still trading profitably when the masses crash and burn.

Creating a Watch List

If you have been trading for a while, you will know that there is no reason to limit yourself to just one market as there are many markets you can trade. However, we only want to apply our trading strategy to the best set-ups, as these carry the highest probability of the trade going in our favour.

Markets to Watch with Tamar

At Trade With Precision we look for multiple elements to enter into a trading opportunity. One of those elements are key levels of support and resistance. This week, Tamar Mehr is taking us through some of the markets she is watching and the levels she is stalking for trading opportunities

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

Staying In The Right Frame of Mind

One of the challenges faced by both professional and aspiring traders alike is staying in the right frame of mind when trading. In our last article we spoke about the importance of timing, and like poorly timed trades, other factors in life can also adversely affect your trading if you do not have a plan to handle them.

Three On The Radar

Fresh from hunting down the NZ Kingfish, Craig shares three markets in this video which are on his mid-week stalking radar. Craig looks at set-ups on the USDCAD, CADJPY and Soy Bean Meal. Join him as he outlines his plan for hunting down trades in these markets.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

Trading Opportunities at Key Levels

Regardless of the asset class you choose to trade, often you will find that there are key levels where prices tend to return to and bounce off (in the form of support/resistance) or push-through completely.

The Importance of Timing

In trading, timing is everything. As you scan the market looking for opportunities that fit your trading strategy, it can be tempting to do one of two things, both of which are highly detrimental to your long term trading success. It is important to wait for the right timing, simply because this develops discipline and improves your ability to trade methodically.

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