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S&P 500 climbs nearly 1% to end the six-day losing streak
Closing changes on the day:
· S&P 500 up 0.8%
· DJIA +0.7%
· Russell 2000 +1.1%
· Nasdaq Comp +1.0%
· Toronto TSX Comp +0.3%
I had to take a look – such a hysteria that started probably with Bloomberg and then whole net took it over.
It is all in the title, isn’t it ?? Well NO !
I would use some nice words to explain this , but I am warned to stay away from profanity , so I’ll just show you Daily and Weekly chart of S&P 500.
Does this look Bullish to any of you ??? Honestly….don’t be shy…
I can see the possibility to try for the double top …maybe 5.200, and then 4.600 here we come.
So much fake news, false information and paid advertisements ….
AUDJPY 4 HOUR CHART —
AUDJOY is back in familiar territory after last week’s phantom spike to the downside.
On this chart, expect support as long as it trades above .99.00 but would need to clear 100.01 to put the key 100.80 resistance in play.
Note AUDJPY has moved up mainly on the bounce in AUDUSD while USDJPY has barely moved.
This is an e3xmaple pof using crosses to trade spot and following the path of least resistance with USDJOY still reluctant to challenge 155.
Bonds are experiencing a bit of moderate pushback on the attempt to catch wind that has been in play since 4/16 (US). The bid has held since but with this pullback I am paying special attention to the 20yr Index currently at 90.21 and looking like it might test sub-90 and in my view if 89.70 holds we would see yields drop and the Euro as well. I like to pay attention to a group of things because sometimes you get a little “heads up.” A bit of an inflection point starting this week. Just some added input. You know what my position is on Usd.
JP – Regarding your:
April 22, 2024 at 9:37 am
Trading THEME , week of april 22
–
Correctly identify the degree of difference in the messaging on interest rates from ECB and the Fed AND how much traction that theme has with players and you ll have your “go with” or “go against” trade bias
———————————————————————————-
JP it seems to me that ECB wants to start cutting but is apprehensive and waiting for the FED to work in unison. They are communist after all so they like herd mentality.
AI Replace a Human Trader ?
your morning chuckle:
–
Frm WSJ:
Move Aside, Banks: Giant Funds Now Rule Wall Street
Asset managers are growing into huge and complex financial supermarkets that mint billionaires by the dozen.
Big Tech Faces Earnings Test After Market Rout
The Magnificent Seven stocks lost nearly $1 trillion in combined market value last week, increasing pressure on the group to deliver
Business Tripping: The Professionals Trying Drugs to Get Better at Work
EURGBP DAILY CHART – BREAKOUT MODE
The key level on this chart is .8715, now needing to hold the,8620 break to expose it.
On the downside, it keeps a risk on the upside as long as it stays above .8550, stronger while above the.8585 breakout level.
Even if you don’t trade EURGBP you can use it as a clue to trade GBPUSD and EURUSD as I explain in
‘
‘How you Can Use Currency Crosses to Trade Spot Forex
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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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