SMB Webinar with Steven Spencer
SMB Morning Rundown – February 14, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning Thoughts 2/14/11
Good Morning traders, World markets are mixed this morning. Asia sharply higher 1.2% to 2.7%. Europe is a little soft this morning, down an average of about 0.8% (broad European index -0.5%). We do have some decent sized moves in currencies to start the week: the Euro is weak (EURUSD EURJPY EURCAD all down) and NZD is weak. With the … Read More
SMB Morning Rundown – February 11, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning thoughts 2/11/11
Good morning traders, Very little has changed this morning–I could pretty much cut and paste my comments from previous days. The market is locked in a higher timeframe consolidation, and there are two key elements short term traders must keep in mind: 1) in this type of pattern low volume, choppy trading predominates and 2) breakouts from these areas tend … Read More
I Had My Worst Day Ever
From time to time I get an email from a trader whose results were awful. They might say: Bella, I had my worst day ever. I sized up and got crushed. Or Bella, I had my worst day ever. I took my biggest rip ever. Or Bella, I had my worst day ever. I got stopped out on one trade. … Read More
Pre-London FX AM idea
Sitting down here waiting for some action out of Egypt news to play out. Waiting for the $EURUSD to start making news lows through the Asian session to get serious about the short. In the daily chart below you can tell there are defo some longs caught once we start to take out lows. Playing shorts into London aggressively below … Read More
Irrational Pessimism
While being irrationally exuberant over a short winning streak of options trades leads many traders to recklessly ramp up their capital levels leading to devastating, or even fatal, losses, there is an opposite problem, which is not necessarily fatal, but certainly leads to futility. “Irrational pessimism” is when you lose confidence in your trading strategy when there is no good reason to … Read More