"Self-reverence, self-knowledge, self-control - these three alone lead to power" - Alfred, Lord Tennyson. - I am using this week’s ‘quote of the week’ to emphasise the importance of what I call the 'self-factors' in trading.

To the naked eye it’s virtually impossible to see financial market dynamics as they change before us. In fact, many traders miss these events completely and are therefore unable to react at all. At best, they tend to adapt their styles after the event.

The USD has made big gains over the past few weeks and appears as though it may be setting itself up for some further major gains in the longer time-frame against many of the major currency partners. However shorter-term it faces some key pivotal areas which threaten to check its immediate progress.

Interview by Steven Goldstein: - This week sees the publication of ‘Hedge Fund Market Wizards - How Winning Traders Win’, the long-awaited addition to the brilliant and hugely influential 'Market Wizards' series of books written by Jack Schwager. There are few traders around today who have not read or are not familiar with the 'Market Wizards' series in which Schwager carries out in-depth interviews with some of the world's top traders.