Enhancing Trader Performance: It Is All How You Frame It

*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note Whether we believe it or not we tend to choose different options for the same problem depending on the way the problem is presented and whether or not the problem is presented as a loss (negative) or a gain (positive). This is known as framing and is just one of many cognitive biases we face in our day to day decision making. As an example, let’s suppose a physician informed Read more [...]

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Closed EU long and UJ short

Closed EU long and UJ shortFebruary 13, 201412.22 gmtI have reviewed the longer time-frame charts and correlated charts including DXY and 10yr USTs, and I think we will see a bounce in the dollar around these levels. That means UJ will reverse up, yen pairs will rise and EU, even GU will fall.Closed UJ short at 102.02, +13 pips.Closed EU long at 1.3660, +32 pips.About these adsShare this:Email Facebook Google Related From → Trades

via Zen and the Art of FX Trading:

12.22 gmt

I have reviewed the longer time-frame charts and correlated charts including DXY and 10yr USTs, and I think we will see a bounce in the dollar around these levels. That means UJ will reverse up, yen pairs will rise and EU, even GU will fall.

Closed UJ short at 102.02, +13 pips.

Closed EU long at 1.3660, +32 pips.

For more info: Closed EU long and UJ short

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Closed EU long and UJ short

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Introducing the Zoom Thumbnail

via StockCharts.com – Blogs:

StockCharts recently acquired all of Decision Point's Charting tools. Only about 1/2 the tools have been converted onto the StockCharts platform, but more and more will arrive shortly.

One of the tools now available is so nice. You can look at a longer term chart and have a thumbnail that zooms in on the last time frame. What makes this so powerful, is it takes the entire vertical height of the 8 month chart and focuses it on the last month in my example below. This really helps put the most recent price action into perspective!

Here is a US listing of Suncor. Why Suncor? It broke out of a trading range recently. It really makes the value of the Zoom Thumbnail tool obvious.

Notice how the entire vertical height of the chart is used to display the last month. It rescales the little box on the right based on the minimum and maximum price. It also focuses your indicator panels as well. Rather than the MACD being the bottom 1/3 of the MACD box, the zoom tool uses the whole box height for the last month. The most important data is on the right edge of the chart, and this is where the benefit of 'Zoom Thumbnail' really helps.

Where can you find this tool?

See the checked box on the bottom right in the Chart Attributes. Just click it. This also works on other timeframes.

Fantastic!

Good trading,

Greg Schnell, CMT

For more info: Introducing the Zoom Thumbnail

StockCharts.com – Blogs

Introducing the Zoom Thumbnail

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