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Like the short as well around here 9105 JP, UsdChf…regarding Summers, he is both highly intelligent but also quite tethered to his opinions even when others disagree. I think the sudden employ shock is a bad recipe though, surely there can be other ways to tame inflation, taming debt might be one little idea.
USDJPY DAILY CHART… IF I WAS THE BoJ…
Break of 152.99 has not gone far and this suggests the 153 level will be pivotal.
Now I have been writing about the BoJ looking at the same technicals as we do. In this regard, it would ideally like to see USDJPY get to 150,24, (I am using a daily chart to show what supports lie below)…but
I am not in the BoJ’s shoes but I would be wary of going to the well too often and leave the threat of another surprise attack to keep USDJPY below 155.
With all that said, this is a Friday and this often sees one-way markets as the week draws to a close. Much depends on US data but that is for a discussion later on.
I do agree that the FED is watching job , I do not agree that “it” (the FED or Job Market ?) is difficult to read.
The Fed Is Eyeing the Job Market, but It’s Difficult to Read
Fed officials are watching labor trends as they contemplate when to cut rates. But different measures are telling different stories – By Jeanna Smialek in NYT
The different this and different that is they are only tryinng to confuse and beduffle the trading peasant and to keep the FED obscure.
refer to earlier Larry Summers reference to Sacrifice Ratio
BTC Daily
Oh my, oh my….do we have some natural channels on BTC – I wasn’t expecting this.
55.700 – if it proves a real support, I will start believing that BTC might become a real currency after all…
Even if it breaks….as long as it stays within the parameters.
This is the reason for me to place it on my Daily watch list.
Economic Data Calendar – Friday
EURUSD 4 H – Update
This is the third week that we are starting the day with one outlook, just to close it with an opposite one.
Seems as the Bulls and the Bears are just waiting for some data to try to use it to prove their point.
Personally, I couldn’t care less about data and/or interest rates, news and rumours .
It is enough to determine what might happen next few hours , based on 4h chart, and then switch to 30 min and wait for appropriate signal.
Right now, I have to tell you that the picture is changing – once again – The pattern calls for a push Up.
Bare in mind that unless 1.07350 and subsequently 1.07550 are taken out, we can have any pattern we like, but we ain’t gonna go higher.
This is not rectangle ( yet ), this is not the range trading ( waves are too short ) – this is some kind of Sideways to Up …a bit….so take it as it comes and do not try to predict bigger picture.
BTC 4 HOUR CJART – WHAT IS THE NEW RANGE?
I asked this question the other day whether the new range for BTC would be 50-60K or 55-65K?
So, far it has paused above 55K so let’s see if it can print 60K.
This is more of a macro than a technical view but in this crypto, it is a way to make some sense out of the way it trades.
For the bull side, it first needs to re-establish above 59075.
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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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