USDJPY WEEKLY CHART – IF I WAS THE BOJ
If I was the BOJ I would have a goal to break the 145.89 level, where the major weekly trendline will also be at in the coming weeks.
From the savvy trader
They ie funds retail etc will once again buy the dip but all they are doing is creating liquidity to stop the pair from falling precipitously
68 peugeot … s a nice looking car. antique by now
I recall Daf 33 (dafodill) w/CVT … so simple.
when the belt broke a lady would take off her nylons as temporary “drive belt” fix.
man I love elegant simplicity. Especialy in coding.
can u imgaine the f-ked-up code in the french missiles ? rofl
somebody s burning the candle at both ends scrambling for a fix 🙂 🙂
THERE ARE SOME TIMELY ARTICLES DUE OUT NEXT WEEK, MAKING THIS A TIMELY ARTICLE WORTH READING
BoE stays pat at 5.25%
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Paris Olympics defence system mistakes air conditioners for drones
Concern for the 500,000 Britons expected to attend the Paris Olympics has risen amid claims that France’s new €350 million anti-drone system cannot distinguish between unmanned terrorist and air conditioners.
personally … am not sure this was a smart idea to make it public, geezus
USDCAD 1 HOUR CHART – LOONIE TUNES
Sometimes the CAD is referred to as the Loonie and for good reason but not this time USDCAD was trading soft even when the USD moved higher earlier today. So it should be no surprise to see it trade down when the USD turned soft.
As this chart shows, there are layers of support between 1.3620-80 that needs to break for the move down to pick up steam.
Look for a limited upside if it stays below 1.3713.
Note the key Canadian jobs report is released on Friday.
Vix futures have been sideways for 12 hours with a slight undertow in volume (short side). Dow covered calls fell off of a cliff around at session end yesterday, since there was zero impetus the odds were stacked that stocks would catch a bid today. That said there is already an increase in underlying puts to a slight extent which could assist in putting a cap in the gains. I like your 106 DXY notation earlier Jay. Result with consideration to many other things could end up being some bit of a continuation in risk appetite only to be followed by an offered scenario in risk coming up I think. Hence why I am already scaling in the long side of USD from below.
If the mood changes I switch, that simple.
XAUUSD 4 HOUR CHART –
I was not even looking at gold until I saw commodity currencies rallying and this chart tells it all.
The failure to establish below 2300 has seen a pop that faces a resistance at 2332, If broken then 2352 becomes the target.
On the downside, XAUUSD keeps a bid as long as it stays above 2323.
USDJPY 4 HOUR CHART – WARY OF THE BOJ
USDJPY has slipped into the background as the market seems wary of provoking the BoJ.
As I noted, the BoJ pays attention to the same technicals we do and in this regard will try to keep USDJPY below 156.28.
On the upside, USDJOY trades with a better bid while above 155 so currently trapped between 155.00-156.28.
Word of caution… be wary of an intervention surprise on a thin Friday but if I was the BoJ I would not be in a rush to intervene again with USDJ
OnlineBroker.Fr is the best resource for French language information on the best online trading platforms and crypto exchanges in France.
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What is Risk Management in Trading – Forex Forum
For any trader, managing risk is essential to success. But what exactly is risk management? In this blog post, we’ll explore what risk management is and how it can help you become a successful trader.
We’ll also look at some common mistakes that traders make when it comes to managing their risks. After all, if you’re not managing risk appropriately, you’re just a gambler. So if you’re ready to learn more about risk management, read on!
What is Risk Management in Trading?
Risk management is the process of assessing, controlling, and managing risk within a trading portfolio. This involves defining trading goals and understanding potential losses that could occur as part of the trading process.
It also includes identifying potential risks, such as market volatility or sudden changes in the market, understanding how these risks can affect your profits, and taking steps to limit potential losses.
In general, risk management should be a priority for all traders. By properly managing your risks and using effective strategies, you can minimize potential losses and increase the chances of making successful trades.
Common Mistakes When Managing Risk in Trading
Unfortunately, many traders make mistakes when it comes to managing their risks. Here are some of the most common mistakes that traders make when it comes to risk management:
Not Setting a Trading Plan:
Many traders don’t have a detailed trading plan, which is a key component of risk management. Without a trading plan, traders are more likely to take risks that could have otherwise been avoided. It’s important to establish clear trading goals and a plan for how to reach those goals.
Not Understanding Risk:
Many traders fail to understand the risks associated with certain trades, which can lead to serious losses if they don’t take the time to research and understand the risks involved. It’s important to have a thorough understanding of the markets you’re trading in before taking any risks.
Not Taking Advantage of Stop Losses:
Stop losses are an essential component of risk management, as they help to limit potential losses in the event of a market downturn or sudden changes in the market. However, many traders don’t take advantage of stop losses and end up taking larger risks than necessary.
Over-Trading:
Over-trading is a common mistake made by many traders. This involves taking too many trades, which can lead to losses if the market turns against you. Look, all traders love the price action. It’s exciting to take a position and watch your P/L go up and down. But don’t become addicted to the price action for the sake of just having a position. It’s important to only take trades when the setup is right and avoid over trading.
Not Diversifying Risk:
Diversification is another important part of risk management. By diversifying your trades, you can spread out risk and limit potential losses if the market turns against you.
Why is Risk Management Important in Trading?
Risk management is a critical factor in success when trading in the markets. It involves understanding and controlling what could potentially impact your trades and actively analyzing scenarios that may occur.
Without proper risk management, traders are leaving themselves vulnerable to potential losses which could be catastrophic for their investments.
Good risk management also allows traders to effectively assess opportunities and make better decisions that take into account volatility or leading indicators of future market performance.
Simply put, risk management can provide peace of mind so traders can enjoy the highs of profitable investments while minimizing losses when markets start to dip.
What are Some Common Risk Management Strategies?
Common risk management strategies used by traders include setting stop-loss orders, limiting capital exposure, and diversifying investments to minimize volatility.
Another essential approach for traders is to set predetermined targets for both profits and losses to help stabilize your exposure. To further limit potential losses and maximize gains, traders should always be aware of economic news and other world events that might affect the market.
How to Implement Risk Management in your Trading Plan
Implementing effective risk management into your trading plan is incredibly important for successful and profitable trading. It can help you to control the amount of draws you take in any given trade, and it can also protect against large losses which could potentially wipe out your entire trading account.
A good risk management plan should include determining the amount of capital at risk on each trade, setting predetermined stop-losses to limit downside exposure, and having a strict, disciplined approach towards minimizing losses:
never increasing position size
never risking more than you are comfortable with, and always controlling potential risk-reward ratios.
Taking the time to set up a comprehensive yet flexible risk management plan will put you in a better position when it comes to positive returns in the long run.
Risk management is an important part of trading. It allows you to trade with less stress and more confidence. There are many different risk management strategies, so it is important to find one that fits your trading style.
Proper risk management can help you make money in the long run by preserving your capital and preventing you from making careless mistakes.
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