EURO 1.1160
Bias: inactive / uP
Res 1.1195
Sup 1.1140, 1.1110/00
Puppy is looking, on some techs, pushing stretch limits.
Should the puppy give indication of a want to wonder down there appears to be a lot of interest to try to prevent such idea.
Earlier
ECB’s Knot Says Tighter Fiscal Policy Would Have Curbed Prices
10:00nyt – ecb nagel yaks
DLRx 100.67 / 10-yr 3.856% (not kidding)
Daly came out over the week-end yakking that “the time is upon us” to cut interest rates, Asked if there is anything that could derail a rate cut at the U.S. central bank’s Sept. 17-18 policy meeting, Daly told Bloomberg TV that it “would be hard to imagine at this point.”
This morning sofar DLRx appears to be tilting down.
There currently is little to suggest a turn to the upside unless, imo, bonds turn uP their yield. Why that would happen is reasonably prognosticated by Bill Gross:
Bloomberg – May 2, 2024 — Gross says 10-year yields will rise above 5% in a year · Government will increase debt supply to keep economy growing.”
I trust bonds as timing indicator for MY trading tactics but , currently, I can not / don’t want to afford position trading (via long DLRx for example) for a while yet.
A look at the day ahead in U.S. and global markets from Mike Dolan
Wall Street stocks (.SPX), opens new tab are back just shy of new record highs, lapping up the likely start of Federal Reserve easing next month but wary of Wednesday’s quarterly update from artificial intelligence behemoth Nvidia (NVDA.O),
GBPUSD 4 HOUR CHART – NEW HIGH
UK is back and GBP is in demand, both vs, the USD and on some of its crosses (EURGBP breaks below .8450)
When in unchartered waters 92+ year high), the most recent new high becomes key resistance.
The 1.3230 high has been extended, marginally so far. To guess at the next resistance zone, it would be 1.3250-80 if 1.3230 becomes support.
In any case, GBPUDD maintains a bid as long as it trades above 1.3180-00, stronger bid if above 1.3230..
AUDUSD 4 HOUR CHART – TARGET HIT
Consolidating
Hit its key target at the 2024 .6797 high and then backed off.
Would need a firm break of.6800 for another 100 pips on the upside.
Room on the downside for a retracement but that is all it would be unless .6697 is taken out,
Use 6750 as one of those pivotal levels that needs to hold to contain the doiwnside.
Nvidia – NVDA
Nvidia holds a 90% share of the Al chip market, with a 93% revenue increase and 150% operating income growth last year. Sales are expected to rise from $55.7 billion in 2024 to $150.6 billion by 2026.
NVIDIA Corporation is scheduled to report its earnings after the market closes on Wednesday, August 28, which is highlighted as a significant earnings event for the week.
Analysts expect strong results driven by high demand for enterprise Al and the company’s key position in the GPU market
OnlineBroker.Fr is the best resource for French language information on the best online trading platforms and crypto exchanges in France.
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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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