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I’LL TAKE THE OTHER SIDE OF THAT ARGUMENT GIVEN DIFFERING ECB AND FRD RATE OUTLOOKS. YOU CAN SEE WHY I SAY THAT BY READING THIS ARTICLE IN OUR BLOG.
What Does it Mean When a Currency Feels “Bid in an Offered Market?”
JP – April 19, 2024 at 8:45 am – Agree the climate is in the middle on the MEast escalation (for the moment) but they are crazy over there and one of my question is when the proxies and plants and perhaps even the Suez Canal being targeted sits on the radar. On Usd, I think if it starts holding intraday below 105.75 Dxy we see 105ish inevitably.
With stops wiped out on the dollar and risk off the side, there is little incentive to push for these lows (or highs such as in gold and oil). Leaves a Friday whipsawed market at the mercy of thin liquidity or book squaring or any stops on the other side.
As for EURUSD, edged through 1.0665 but still within 1.06-1.07.
EURUSD 1 HOUR CHART – TRAPPED FOR NOW?
When the dust settles on this latest geopolitical scare, the focus will likely shift back to interest rates where ECB OFFICIALS ARE signaling a cut in Hune and Fed officials ARE PUTTING RATE CUTS ON HOLD.
EURUSD, meanwhile, seems trapped between 1.06-1.07 (1.0650 = midpoint) but as long as it trades below 1,.0665, there is a limit on the upside.
With that said, I am not sure how much gas this market had in the tank after the whipsaws seen so far today,
I was accused by some of being too quick to declare The Third World War.
I still have the same feeling / opinion on the situation at hands…
Read it again – https://www.global-view.com/trading-in-war-conditions-middle-east-boiling/
Haven’t called for the WW3 – yet….
What Data ??? Look at the Economic Calendar first…you schmuck
EURUSD 4h Intraday
Supports at 1.06100 & 1.05900
Resistances at 1.06700, 1.06950 & 1.07400
Prefer the Downside right now, but watch for the Data today – Economic Calendar
Just an observation and not to be cute == because I sold both UsdJpy and UsdChf an hour before the sessions started and was in the thick of battle all the way down to the lows in both – the rebounds in price were aggressive and seemed like plunge protection team and CTA momentum algo’s both at work. I’ve been around it before.
XAUUSD 30 MINUTE CHART –
This chart is similar to what was seen in other markets after the knee jerk safe haven reaction did not follow through.
No new ground was broken on the upside (the record high is still 2431) and for today, there should be no stops until the high of the day, leaving XAUUSD floundering with supports shown on the chart bunched between 2354 and 2373.,
Yen futures are near the absolute lows tested several times this week. It would be a stretch in my opinion to justify the concept of the price to go lower under current conditions (Asian central banks verbally drawing boundary lines in the strength of their currencies-widespread volatility-geopolitical) so the futures sustaining a bid (sell side of Usd/Jpy) is clearly dominant. So we have highly likely seen the highs of the day in Usd/Jpy and Usd/Chf over the prior 6 hours (4am PST right now). Buy side of oil and gold obviously. Usd/Chf sell side. Usd buy side elsewhere. I’ve been on the sell side since Asia in both pairs as I mentioned for two weeks. See zero reason to change that right now.
AS WE HAVE SEEN TODAY, TRADING IN A GEOPOLITICAL CRISIS MARKET CAN BE CHALLENGING.
IN THIS REGARD, GIVEN TODAY’S EVENTS, WE HAVE UPDATED OUR BLOG POST, TRADING IN A GEOPOLITICAL CRISIS, WITH AN ADDENDUM THAT IS WORTH READING
1:45 Monedge // The belligerents appear to be tactically playing to their internal political ego – “Iranian air base reportedly attacked in ‘limited’ Israeli reprisal strike and a look at me how meek and ginger I am “Iran downplays apparent retaliation and Israel keeps mum in sign both sides are looking to climb back from brink of war following international pressure for restraint” (timesofisreal) for international propaganda posturing purposes while the leader of the indisdensible nation and most powerful military pipsqueeks that “The US was given advance notification Thursday of an intended Israeli strike in the coming days, but did not endorse the response, a second senior US official said.” (cnn) trying to plead innocence.
In the meantime MY price of a liter of gasoline went up from $1.65 to 1.9x overnite. I have not yet looked at some of my energy digging and distribution stocks.
Odds of escalation appear – to me – low atm, as even published records out of Iran seem to highlight its heroic and defense and that the attacker did not go after cenrifuges at nuclear installation (al j)
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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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