Forex trade of the week

Alex SalazarGeneral Comments3 Comments

A key point in the EUR/CHF trade was when the price fractured the areas of support, which are identified by the Fibonacci retracement at level .618 % at an approximate price of 1.2800. Once those areas have been breached, we expect the trend to be lower than the previous minimums, but in turn, the price increases producing up trends. This … Read More

Book Review of One Good Trade from CrossHairsTrader

BellaGeneral Comments1 Comment

CrossHairsTrader wrote this thorough review of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading): When I assess the quality of a book I ask myself four questions: 1. Did the author teach me something I did not already know? 2. Did the author reinforce much of what I already know? 3. Did the author leave … Read More

Old School Lessons from Mike Bellafiore

smbcapitalGeneral Comments, Mike Bellafiore's (Bella's) BlogsLeave a Comment

Mike Bellafiore, Partner at SMB Capital, and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading was featured in the recent issue of SFO Magazine. In his article, Old School Lessons For Mastering Today’s Markets, Bella discusses what it takes to become a great trader in today’s changing market. A must read for new traders! The … Read More

Getting Help From Your Peers

gmanGilbert Mendez's (Gman's) Blogs11 Comments

One of the best things of trading in a group environment is that you can get help from those who sit around you. Yes, trading is a competitive arena but that doesn’t mean you can’t look for help within your group. We love working with Dr. Brett but unfortunately for us he cannot sit next to us every day to … Read More

OPENING DAY

BellaGeneral Comments, Mike Bellafiore's (Bella's) BlogsLeave a Comment

Tomorrow is Opening Day!  All the statistics from last year are thrown out and we start anew.  Spring has arrived with its warmer weather, flowers blossoming and sunlight extended.  All those fans of non playoff teams gain a great gift- hope. No matter that the Tampa Rays failed to make the playoffs in 2009 as most predicted- this could be … Read More