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for the just for laughs festival
–
Ex-Fed chair Ben Bernanke finds ‘significant shortcomings’ in Bank of England’s economic forecasting
LONDON (AP) — A review of the Bank of England’s economic forecasting that was published Friday and undertaken by Ben Bernanke, the former chair of the U.S. Federal Reserve, has found “significant shortcomings” that should be addressed to better inform future interest rate decisions.
Following widespread criticism about the Bank of England’s forecasts, Bernanke was tasked last year to review the forecasting models.
Though noting that all central banks have had problems over the past few years as a result of a series of economic shocks, notably the coronavirus pandemic and the cost-of-living crisis heightened by Russia’s invasion of Ukraine, Bernanke said the Bank of England’s issues were made worse by out-of-date software that had not been properly maintained.
The review said that “insufficient resources have been devoted to ensuring that the software and models underlying the forecast are adequately maintained.” … blablabla
DLRx 105.72
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one would have to be somehow handicapped not to see the DLR romping and rampaging accorss the boad (except maybe vs the yen)
as players are likely gaming a few energy vectors:
– goodly yield spread
— eyeballing and anxiously re-pricing FED gang miscalutations about inflation bumps
— GOLD continues to look uP (i.e. good) as is energy in form of oil
some thanks has to go to wild media headlines about harsh diplomacy between Israel and Iran for at least some portion of players running into dlrs thinking “haven”.
on deck
10:00 – U o M sentiment and U o M 1yr inflation
13:00 – schmid yaks about “econ Outlook”
14:30 – bostic yaks about housing
15:30 – daly chitchats at fireside
earlier this morn collins prognosticateg that she sees no urgency to cut rates (and eyeballs two cuts in 2024)
I am biased BoD DLRx (and some dlr crosses)
EURUSD 1h
As you can see from the chart, we had a second leg down today, so one prolonged move.
We need to rebound to at least 1.06850 and even 1.07050 , and still will be in Down mode.
Support comes at 1.06150.
Keep in mind that it is Friday, so trading interest is fading fast.
I am going to prepare some rules and tips on how to follow my trades /ideas over this weekend.
Probably will write the whole article, so everyone can go slowly over it and be ready for things to come J
I have to do lots of accounting for my wife (her company) , and if I don’t …well you know how it goes
I’ll be around later tonight as well…
A slightly longer view of the eur/jpy charyt will show a break below the trendline that came off the lows from Dec 7, 2023 that came in today around 163.00.
If you like macro explanations of why you can check out this podcast that talks about a tweek in jpy management policy between the BoJ and MoF. JPY talk starts around 28 minutes…
Cognitive Dissidents #190 Weekly Update: 47 Crises in 17 Years
https://www.cognitive.investments/podcast
Ok I hope everyone enjoyed Monedge yesterday lol. Back to business. Could use some calls from you Bobby. I am spread in every major and a few minors,basically long dollar, could use input on levels like Jy just did, lets make sure I don’t lose money today. My first mistake was watching Christina Aguilera videos while trading, and because I literally was a fighter, a real fighter, like in the ring, I was trading and watching “Fighter” by Christina while trading and got too darn emotional lol. So sitting on multiple positions, can give levels it needed lol. Green almost across the board. Its getting easy.
XAUUSD 1 HOUR CHART – 2400 TESTED
XAUUSD Backing off from its test of 2400
Risk off takinb over elsewhere as geopolitical fears of an Iranian retaliatory strike on headlines that Israel is preparing for an attack, either directly or via proxies.
\USD up, sticks down, bond yields down on flight to safety.
‘
GPBUSD WEEKLY – UNCHARTERED TERRITORY AS WELL
I had to go to a weekly chart to find key levels following the 1.2499 break (now resistance).
As long as it stays below 1.25, risk is down. With a void of nearby supports, look for 1.2450 to be pivotal.
Of interest, shirt JPU crosses are being unwound, which is one soiurce of USD demand oither than vs USDJOY, which is a touch lower.
FRANKFURT, April 12 (Reuters) – Economists are sticking to their view that inflation in the euro zone will fall to 2% and stay there, a European Central Bank poll showed on Friday, in comforting news as the ECB prepares to cut interest rates.
The ECB’s latest Survey of Professional Forecasters (SPF) put inflation at 2.4% this year and 2.0% in 2025, 2026 and in the longer term — unchanged from the previous round of the poll three months earlier.
Economists confident euro zone inflation will fall to 2% – ECB poll
A look at the day ahead in U.S. and global markets from Mike Dolan
With markets now re-shuffling central bank rate cut calendars, attention switches abruptly to the first quarter U.S. corporate earnings season on Friday – against a backdrop of an alarming swoon in China trade last month and rising Middle East tension.
Morning Bid: Eyes switch to earnings, China trade miss, tense Middle East
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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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