All posts by Erich Senft

NASDAQ: What is significant about last week’s range?

Did I make this homework question too hard? I admit it was a little more difficult – but hey, that’s trading for you. If it were easy everyone could do it, right? Here is the Japanese Yen chart and

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How would you analyze this yen chart?

Last week’s homework question seems to have been a big hit as I got a ton of emails with your trading strategies and I have to say I was very impressed by your analysis! Some of you even spotted things

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Support and Resistance Journal

1: CURRENCIES: Opening Range Open Price: 5:20 (Pacific)/7:20 (Central)/8:20 (Eastern) Australian Dollar The Australian Dollar hit its profit target last week and with Friday’s big bounce it was probably

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How do you know when the market is trending?

I believe one of the biggest challenges facing traders is trying to correctly identify the market trend. Once you have the trend down then you know whether you want to be a buyer or seller and respond

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SO you're not making money trading

So you’re not making money trading?

So you’re not making money trading. Maybe it’s worse than that. Maybe you’re losing money for all your effort. It’s like the market’s rubbing salt in the wound, adding insult to injury. What

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