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EURUSD 4H
Resistances at 1.06650 & 1.06850
Support at 1.06400 & 1.06200
Before it breaks on either side, and taking into account geopolitical situation right now I am going to stay away from trying to call some larger moves.
Going solely Intraday – right now trying for higher, but need a signal to confirm.
A look at the day ahead in European and global markets from Rae Wee
European shares look set to track Asia’s negative lead on Monday after a weekend dominated by news of escalating tensions in the Middle East and fears of a wider regional conflict.
Morning Bid: Nervy markets await Israel’s response, Fed outlook
EURUSD 4 HOUR CHART – RELIEF?
The week is starting out with some relief that geopolitical risks have not escalated further. It is like trying to pick up the pieces after a hurricane or tsunami hits your town.
This leaves EURUSD consolidating where 1.0650 seems to be pivotal with no key nearby resistance.
Risk is still pointed down but would need to take out 1.0622 to build further momentum.
Given the one-way move down, use FIBO levels to give some order to the price action using our
Fibonacci Calculator
THIS WEEK’S MARKET-MOVING EVENTS (all days local)
No better-than-mixed results are expected for Tuesday’s sweep of Chinese data headlined by an expected 4.9 percent year-over-year rate for first-quarter GDP. This would mark slight slowing from 5.2 percent in the first quarter. Monthly data on both industrial production and retail sales are also expected to slow.
The week opens with a busy Monday that will include Japanese machinery orders and Eurozone industrial production and will be highlighted by US retail sales which are expected to once again be solid. UK consumer prices expected to continue to fall in data for Wednesday…Econoday
Swiss FRANK 11:26 // On this fresh new day …
The joker in the deck: IF the wardogs such as bibi, bolton or gantz prevail over biden who tells “Netanyahu Israel should not retaliate against Iran” and do retaliate AND widen a military conflict AND Iran shuts down its oil AND straight of hormuz AND starts to bomb israel’s own oil n gas production AND sea port terminals AND somehow hutis get to fly their puppies over saudi arabia … the US starts to rapidly see $100 – 150 – + oil AND ration diesel …
can you see some investment opportunities ?
and … it would not surprise me IF “authorities” would come out with furious commentaries about unjustified profits and even start to talk about clawbacks
XAUUSD 4 HOUR CHART – GAP OR NOT?
All eyes are on the opening of the new week to see if the geopolitical risk is going to see gaps or if the fallout will be contained.
XAUUSD,is coming off a rough Friday, where a new record high was followed by a $100 plunge.
Let’s look at both sides.
In case of a gap up, only a break of the record high would trigger fresh stops or buying.
On the downside, key support is at 2307-18, which suggests 2300-20 is probably the key zone to keep the downside risk contained.
THIS ARTICLE IN A BLOG IS A MUST-READ AS IT EXPLAINS WHAT TO EXPECT JUST IN CASE DURING THIS GEOPOLITICAL CRISIS
My Take: I wouldn’t go with momentum / break away moves based on the Middle East ‘escalation’. I in fact wouldn’t even call it an escalation. If anything Iran is ‘playing ball’.
1. They pre-announced the response 48 hours in advance.
2. They lob in a few fly balls that knowing would be caught.
3. They did what they had to do that was the next softest response from no response.
4. If they wanted to RETALIATE, they clearly could have with a lot more anger.
5. IF there is a risk on any extension of the break aways (if there are) it would be with respect to the JPY and the MoF taking advantage of an already falling object…
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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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