Author: ethan

  • Will US Dollar Continue To Strengthen?

    The US dollar index rose quickly over the past few trading days. Other major currencies like the EURO, Pound, Aussie etc weakened against the dollar and I am tempted to short them. However I am hesitant to do so as I noticed that the dollar index is approaching a resistance zone (see the red box…

  • Is Crude Oil Bottoming?

    Crude oil has fallen more than 50% since May of 2014. It is now approaching a 15 year supportive trend line that can be traced back to 1999. This line says that support may be found in the vicinity of $45-$47. This is also a price range OP has been mentioning on his tweets. As…

  • 30 Year Bonds, Which Way Forward?

    Scottish Poll Results #ScotlandDecides will be available tomorrow. The GBP condor trade idea can now be closed for +50% collection of profit in just two day. If you followed it, please close the trade and book your profits. Now over to the the 30 Year bonds. The 30 Years Bonds futures are trading at 136.06 (as…

  • How To Trade Wheat Futures Going Forward?

    Wheat futures are trying to recover from its 3 month fall. For the past 2-3 weeks, the buyers have defended the 520 level valiantly and 520 has become the low of Wheat’s 3 month fall. Buyers have also succeeded in pushing prices higher. (wheat now at 557, up 30+ points from 520) Despite the recent…

  • How To Trade Gold Now?

    After failing to breach a critical level of 1350, Gold has been falling steadily since 14th July and has fallen to its current level at 1284.80. Since Gold has fallen so much, is it time to go short? Let’s analyse the daily chart. Firstly, in the medium term (3 to 6 month period), gold is…

  • Crude Oil Testing Resistance

    Crude oil futures are finding sellers at a significant resistance level  at 105, a level that has been acting as resistance since September last year. Such levels are key defining point i.e. it can break-out or turn down from this. Confirmation is the key. Right now, a pin bar is taking shape but we have…

  • Making Decisions In The Face of Uncertainty

    A close friend of mine likes to manage his investments personally. He is a beginner in investing and sets his investment horizon on the medium to long term. One fine day he gave me a ring to ask for my advice. He says he is a trend follower and uses simple rules to keep his…

  • How Do I Know If A Trading Approach Is Still Working?

    In recent years, markets have become more volatile and many traders are having difficulty adapting. When the going gets tough, traders inevitably ask themselves “Is my trading approach still working? Do I still have an edge in the markets?” To answer that question, we must first understand that all trading approaches / strategies require certain…

  • Probability Vs Certainty

    One weekend afternoon, I received a phone call from one of my friends who was learning to trade options. He is a diligent trader who always analysed his trades after they are closed and made it a point to read up on trading. This time round, he had a few losing trades in soybeans. After analyzing his…

  • How Do I Trade Future Options Using Price Action

    Trading future options is a different strategic play vs trading options on equities or indices. While there are differences, there are similarities as well. Below article will provide basic idea of how and what kind of trading set-ups we are looking for when placing directional trades on Futures utilizing various option trading strategies. Please read and let…