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and IF you have too much idle boring time on hand …
–
Joe Rennison in New York Times posits that
“Wall Street Is Already Placing Bets on the Biden-Trump Rematch”
Traders and strategists are thinking about all the ways that November’s election could alter the mood in markets.
anyone can point out the bets to me ?
tia!
monedge – players appear more idle than not ahead of aft’s minutes and nvidia report AFTER the bell hahaha.
you have to appreciate player sentiment in face of streched run … like everyone in a theater eyeballing exits just in case the crowd starts to rise and head for exits . I love tentions like this
re DLRx … dlr has low steam pressure in the tank. imo for it to rally it ll need some more new awsome incoming data.
in the meantime minutes will be made to make players still think that yes rate cuts are coming, just not yet anytime soon aaka May, and just waiting for more convincing data. so tame your horse, ya hear ?
DXY 104.10. In our model today above it is strength and below it is weakness. Usd/Chf is the most extended on a percent basis and has been moderately under pressure. Everything else is in the middle and could bolt either direction so they are good for buy/sell stops or waiting for some strong moves to exhaust. Preference for us is the stops. So best R/R at the moment (6:05 Pst) is long that pair from lower (currently 8795).
Maybe for lack of anything better to do I kinda like adding to silver longs or at least opening with less than a full allocation here. Regardless of whether NVDA beats (or not) maybe stocks correct for a couple months, bonds go down for the wrong reasons, and well, at the end of the day there’s still a lot of liquidity, and its gotta go someplace… Maybe consolidation from May last year sees upside resolution towards 26.00 over the next few weeks/months. Maybe…
Newsquawk US Market Open: US futures are lower ahead of NVDA earnings, NZD bid & Crude softer; FOMC Minutes due
FX option expiries for 21 February 10am New York cut
The first being for EUR/USD at around 1.0778-80, which could help to limit any downside action in the session ahead. That also sits near the 100-hour moving average, seen at 1.0776 currently. As such, the expiries could double up as a supportive layer for price action before rolling off later.
Then, there is the one for USD/JPY near 150.00 again. The large expiries there should keep price action more limited and centered around the figure level still, as we have seen through the week so far.
AUDUSD Bounces, But Can It Break the Downtrend?
AUDUSD has staged a comeback from its recent low of 0.6442, but faces a stiff challenge at the upper boundary of the falling price channel on the 4-hour chart. This resistance zone will determine whether the current rally is a mere blip in the downtrend or a sign of a potential trend reversal.
Upside Potential: Can the Rally Extend?
Support Levels to Watch for Downtrend Continuation
Overall Sentiment
The outcome of the price action around the 0.6520 support level and the price channel resistance will be crucial in determining AUDUSD’s next move. A breakout above the channel could indicate a potential trend reversal and upside potential towards 0.6624. Conversely, a breakdown below 0.6520 and subsequent breach of 0.6442 would reinforce the downtrend and suggest further decline towards 0.6400 or lower.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Please conduct your own research before making any trading decisions.
EURUSD
Without going in what might or might not happen in coming days, I’ll stick to what should happen tomorrow.
Supports come in 1.07800 – 1.08000 area – every 5 pips might prove hard to get through…
So, if the area holds , we should see tomorrow even bigger move then today – we might run straight for the 1.09450
But if bellow 1.07800 – All Bets Are OFF
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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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