All posts by Kurt Capra
Morning Call Express: Fear Trumps Greed
In today’s Morning Call Express, Kurt Capra talks about the selloff yesterday and what may have been behind it. He also looks at the financials for clues as well as where GLD may be headed before truly reversing. Kurt also points out some of the retailers that may have additional downside today and points out an interesting pattern in AMZN.
Continue Reading -->The Truth About the Brexit: It’s All in the Charts
Want to know the truth about the Brexit? Look at the charts. We didn’t hear much about the GBPUSD since the Brexit decision… and then there was the pound’s flash crash. Now that the GBPUSD is really moving, we’re seeing countless headlines about economic uncertainty and political instability and central banks gone wild. But does all this explaining — after the fact — help us make money? Nope… The right question to ask is how could we have seen the pound’s collapse coming? And how could we capitalize on it? If we are always waiting for news and the next story to drop, by definition, we will always get left behind… similar to a reporter that’s last to the scene. In most cases, the answer is right in front of you. Just look at the charts. People lie. But charts tell the truth. With the charts, you will see the story before it hits the front page. The GBPUSD is a great example of this truth. Post-Brexit, the GBPUSD was in a sideways range for several months. Most people wrote it off, looking for other opportunities. But the pound remained in a downtrend throughout the entire sideways move. This told us to be bearish overall. To see that, look no further than the weekly chart below. If any traders were fortunate enough to see the action prior to the breakdown, they probably would not have pulled the trigger. Why? Because every other time it tested the lows, it rallied. So why should this time be any different? This is where your ability to ‘listen’ to what the chart is saying becomes so crucial. Look at this daily chart. I have highlighted the three main pivot lows. What happened prior to the breakdown was the key. The first two pivots pushed up relatively easily. When GBPUSD came down for the third time, it struggled multiple times to move up. In other words, supply was increasing and demand was decreasing. And for the first time, price was staying below the moving averages. This told us GBPUSD was getting close to making a move. And once it broke down, that was the time to act. This was the story: fear overcoming greed. Not a slowdown in the UK or negotiations with the EU. Humans love stories. We always want to know why. But does why matter as much as when… and how much? I think not. I’d love to hear your thoughts on this. Email me at kurt@t3live.com.
Continue Reading -->How to Lose At Trading Like a Winner
There is no opportunity without risk; thus, learning to truly accept risk is the first step to trading freedom. We teach that once we are in a trade, we employ “trade management” strategies for purposes of taking profits or protective stops. Trading involves speculation, which, by definition, involves risk; therefore, accepting “loss” is a necessary part of trading. Our objective is to help you approach the market in a disciplined, objective manner with a high focus on managing risk (and loss), to help you overcome the tremendous hurdles during your quest to become a profitable self directed trader. A trader refusing to accept loss is as ridiculous as a pilot not accepting turbulence during flight. Any winning strategy necessitates the ability to lose properly. It is the ability to deal with, and “make good” of, one’s losses that enables winning traders to keep a positive mental attitude. It also enables them to progress and effectively maintain their winning ways. Losing properly is not easy and therefore requires great skill. You need to be able to learn from your mistakes. Ask yourself if the trade actually met the criteria of your trading plan. If it did, then could you have averted the loss, or was it a good setup, consistent with your strategies? If it was a trade where an error in judgement was made, make sure you learn from it. The discipline involved with losing properly has to do with taking the loss at the right time. Did you sell at an intelligent time, with your stop placed just beneath support? Or, did you not take your “intelligently” placed stop and sell at a lower price than you should have? Discipline is also necessary when preparing for the potential loss. Make sure that your stop allows for a level of risk that you can stomach, and is compatible with your strategy. This will help you to be comfortable with “losing” properly. Seasoning has a lot to do with maintaining a positive mental attitude. Seasoned traders do not let their losses “get them down.” They understand that the loss may actually be a “friend,” as it creates an opportunity to learn from. They apply the knowledge and use it to improve their trading and maintain a winning attitude while accepting and brushing off the loss.
Continue Reading -->What’s Moving in the Forex Market
Kurt Capra, of T3 Live, talks about the USDJPY and where he sees it going over the next couple of weeks and even into the end of the year. In this episode, Kurt talks about why he believes the USDJPY is going to collapse.
Continue Reading -->5 Reasons the $5 Trillion Forex Market Might Be Right for You
For some strange reason, many people think trading forex isn’t for them. But forex is way simpler than you think, and it offers 5 huge advantages over stock, options, commodities, and futures trading: 1) It’s Practically a 24/7 Market Forex is a global market and is open 24 hours a day from 5:00 p.m. ET Sunday through 5:00 p.m. ET on Friday. This is perfect for traders with flexible schedules, or for those making more money outside standard standard exchange hours. 2) Unmatched Liquidity Since forex is a $5 trillion dollar per day market with expanded hours, there are also virtually no gaps, effectively bridging the gap (no pun intended) between day and swing trading. It is very easy to get in and out, at will, no matter the time, day or night. 3) You Can Short At Will Nowadays, there are many restrictions put on stock trading, the uptick rule for one. With forex, there are no limitations on the currencies you trade. You can short at will. 4) Trading Costs Are Incredibly Low Most forex accounts are commission free. PLUS, there are no exchange, data, or platform fees. The only cost you have as a forex trader is the spread, or difference between the bid and ask, which is always visible for you to see. That makes forex trading much, much cheaper than stocks, options, and futures. 5) Incredible Leverage Because the forex market is so liquid, brokers will extend you significant leverage — up to 50:1, and even higher outside the US). Leverage goes both ways though. Just as easily as you can accelerate profits, you can also suffer accelerated losses. That is why you MUST have a method and plan! P.S. below is a recent FREE webinar I did…check it out!!
Continue Reading -->Webinar Replay: Why You Shouldn’t Fear Forex
In this special live webinar, T3 Live Forex Trading Strategist Kurt Capra gives an in-depth introduction to forex trading.
Continue Reading -->Trade of the Week: USDJPY Short
T3 Live’s Kurt Capra is stepping in to provide the latest trade idea of the week. Don’t Fear Forex… Attend my free webinar tomorrow and learn why so many stock and options traders are embracing the lucrative world of forex. The Trade Idea: USDJPY Short Entry Area: 101.80 Stop Price: 104.00 Target Area: 97.00-98.00 Why I Like USDJPY Short USDJPY has been in a downtrend on the daily chart for quite some time. Last month, it rallied and subsequently fell back to the prior low. Recently, it has been consolidating within a range. It is now at the top of the range where we’ll look for sellers to reemerge. P.S. Don’t forget to sign up for my FREE forex training session!
Continue Reading -->Webinar Replay: What You Need to Know About Forex
In this special webinar, T3 Live Forex Strategist Kurt Capra breaks down: How to get started in forex trading Why stock and options traders should consider forex The 5 major lies that stop traders like you from making money in forex Interested in joining our next Forex Profit Accelerator Trading Lab at a special discounted rate? Call our team at 1-888-998-3548 or email info@t3live.com.
Continue Reading -->Kurt Capra’s Morning Call Express Video
In today’s Morning Call Express video, T3’s Kurt Capra discusses the action in SPY and QQQ, plus individual names like BABA, FOSL, and RL. Click here to check out Dave Green’s FREE trading webinar this Thursday!
Continue Reading -->What’s Moving in the Forex Markets
In this week’s What’s Moving in the Forex Markets video, T3’s Kurt Capra delivers an in-depth analysis of the action in USDCAD.
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