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Forex Forum & Blog is the place where traders can exchange their Ideas, give Trading Tips and ask for Help when needed. Forex Blog with Daily Updates is a growing library of everything one might need to succesfully trade.
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February 17, 2024 at 1:24 pm #1703
bobby//I wonder who scared the piss out of you… it is safer to watch criminals as a science, like that it might keep you out of harms way and save the lives of others until help arrives…
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February 17, 2024 at 4:34 pm #1716
JP//it is not required to have an opinion on your posts, never had one and never will… there’s a saying don’t judge others unless you want them to judge you.
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February 17, 2024 at 4:48 pm #1717
JP//always try to be helpful…
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February 17, 2024 at 11:06 pm #1719
JP//90-day paper is the best thing to buy irrespective of yields, rather that buying them for a profit motive it’s best to save your country which has given you so much…
read my below quote,… hehe =)
Be grateful, buy 90-day paper…
USDJPY – Week Ahead
Yen is losing it’s ground last 7 weeks, with some sudden waves of strength here and there, mainly coming from Japanese officials blubber (seems to me that they just want to keep it steady and slow – the decline) .
Resistances at: 150.900, 151.950 and target one in 154.000 area.
Supports at : 150.100, 149.900, 148.800 and the last one at 148.450
Major levels of interest right now are Supp 149.900 and Res 150.900
Not much data in coming week, but check it always in Economic Calendar
Elvira Nabiullina, Bank of Russia representing President Putin VS Janet Yellen, US Sec of the Treasury representing President Biden
• Says leaders see value of tapping ‘economic value’ of assets
• Treasury chief also urges House to pass aid bill for Ukraine
Yellen had lunch with ECB President Christine Lagarde Monday in Washington and met with German Chancellor Olaf Scholz last week alongside President Joe Biden.
“These are topics I’ve discussed,” she said. “I’m not going to elaborate on private conversations, but all of us recognize that an ongoing, committed support for Ukraine is essential.”
Yellen DFiscussed Russian Asset Seizure With European Leaders Bbrg Feb 14, 2024
Oh … and lest I forget about the “on the other hand” ….“There are a range of risks involved and potential adverse repercussions, and we’re studying those very carefully and thinking through how these can be mitigated,” Yellen said
honest vs truthful, cont’d …
–
trading forex raises another issue, namely that of
using people as means or as ends i.e
using others to meet one’s needs
some ponderables:
– is one trader’s relationship with the market about shared goal(s) ?
— is singular trader asking what and how can the market do for me bad if not immoral ?
EURUSD Week Ahead
Resistances at : 1.07900 , 1.08350 and 1.09250
Supports at : 1.07400, 1.07200 and 1.06950
Pattern wise, Resistance at 1.07900 should Hold, and Down move should continue…but is it going to happen like that this time ?? Well, this Down trend that started on 27.12.2023. doesn’t have the usual angle for it…although it is very similar , still…makes me cautious…
1.07900 is The Major point right now, as break of it would lead the pair straight to 1.09250 , even 1.09400 . Mind you, we would still be in Sell mode !
Now let’s talk about the Ideal development – Res at 1.07900 holds it’s ground – we have a sharp drop to 1.07 area and continue down , with the 1.05600 in cross hairs.
So let’s see how it develops on Monday….
Any politically motivated act , that undermines International Laws is plain Wrong.
It is one thing to confiscate a property of a known criminal , Dictator and such, but a country’s CB funds….that is a Pandora’s box , and it is open wide now…
There are procedures that MUST be followed , or we’ll have a world of lawlessness , where the one with the biggest club is always right, without any chance for small countries to survive.
International Court has to be the place to settle such issues….Sue them ffs, and if found guilty , rip them off…
Politicians just follow the inertia of the moment, love the publicity that it brings them and happily share their so “wise” thoughts over social media. Clowns that rule….
I totally agree that Russia has to pay for the mayhem and suffering they induced on Ukraine , but it has to be done through the proper channels .
Everything is allowed in the war, but actions like this one will spill all over….If they can do this to them…OMG , what are they going to do to me…that is the question to be asked….
Elvira Nabiullina, Bank of Russia
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“Essentially, (confiscation) is a breach of the basic principles of central bank reserve protection,” Nabiullina said. “In international law, this is one of the key, basic principles of immunity of central bank assets from coercive measures of seizure.
“In our view, deviation from this principle, will lead to the, albeit gradual, undermining of the system of international finance and the position of reserve currencies in the world.”
Confiscating Russia’s assets would send negative signal, says central bank Reuters, February 16, 2024
who is jamie dimon
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JPMorgan reported $49.6 billion of net income last year, beating its own record set in 2021.
That marks a higher annual profit than any other firm in US banking history, per Bloomberg.
The bank attributed the record results to a surge in interest income as rates rose through 2023.
a Jamie Dimon keeps winning. JPMorgan just booked a bigger annual profit than any US bank in history.
a celebrated and – maybe envied – banker
connected ?
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Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power, and national security – Fortune 11/02/2024
12:10 PM Fed’s Daly: “Navigating Geopolitical Turbulence and Domestic Uncertainty”
Don’t know who’s jamie dimon and just read the name here a few times but nevertheless… That’s why I said… keep buying paper… if US markets lose anymore of their credibility then the world is headed for even more geo-political turbulence…
and markets zzs
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Three rate cuts in 2024 is a ‘reasonable baseline,’ San Francisco Fed President Mary Daly says
Fed’s Daly says patience is needed to finish the job on inflation – By Greg Robb
Our friends @GTWO3 are looking for EUR/JPY to turn lower from the 162.00 area as the rally from 12/27 is short covering rather than new buyers …
EURJPY Daily Chart
Testing res at 161.86
Question is can EURJPY make a run at…
Key res 163.71 and 164.30
To do so, either USDJPY would need to move sharply higher, EURUSD would need to move sharply higher, a combination of the two or EURUSD would need to lag a sharp move up in USDJPY. It’s simple algebra.
Whatever the case, given broader USD trends, it would probably take JPY weakness for the key EURJPY resistance to come into play.
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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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