Great interview by Keith McCullough.  Interesting discussion on currency theory embedded throughout. Well worth the time if you are at all serious about trading currencies.
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  EURUSD This is the same chart that I have been posting for the second half of last year. It simply displays the zones created by drawing fibs from key highs and lows of the market and creating a box between the 50 and 61.8 areas. When the zone is created from a low to high, then it is considered a support area and colored green.  When it is created from a high to low, the zone is considered a resistance zone and colored red.  The taller the zone, the bigger the move that created it, and in theory the
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After watching most of the French Open and seeing what it took Nadal to win, I couldn’t help but find the parallels with trading. Facing Djokovic (ranked number one) in the semifinals was a tough 4.5 hour match for Nadal. On more than one occasion he found himself behind the almost perfect technique of Djokovic. In the end he prevailed. Lesson 1: Keep your focus. If I had to pick a single trait that I admired in Nadal, it would be a difficult choice, but I would have to go with his focus. Nadal’s focus is extraordinary. During the final,
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In about 3 months, you will no longer be able to make straightforward GDP trend analysis without some form of normalization techniques. The way GDP is calculated will be changed. Overall, it’s probably going to be more accurate. In this video Rick Santelli summarizes the change.
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@faithmight and @nictrades posted a link to this video today.  Pretty much anything with Mark Douglas in it is going to be good for traders.  His book Trading in the zone has got to be one of the best books I have read on trader psychology.  One of the quickest ways I can tell if a trader is a newbie, is if he or she is focused on entries and exits.  If a trader is talking psychology or risk management, then and only then do I know they have some real and valuable trading time under their belt.  If you haven’t
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It’s often taken for granted that America needs a strong dollar.  When the value of the U.S. dollar is strong relative to other currencies, it becomes attractive to investors and allows Americans to buy foreign goods and services cheaply.  But in times of recession, are we better off with a weak dollar that stimulates U.S. manufacturing by making our goods cheaper and more competitive?  Or will the loss of purchasing power and currency manipulation abroad, offset the potential gains? Does America Need a Strong Dollar Policy? from Intelligence Squared U.S. Debates on FORA.tv
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