NAS100 DAILY CHART – 5 DAYS UP HERE TOO?
5 up days here, too, (assuming there is a higher close today) but you can see the key levels on this chart that would need to be taken out to make this more than just an impressive rebound.
Attention will be on whether the 5 day up pattern can be extended when the new week starts.
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US500 4 HOUR CHART- 5 DAYS IN A ROW
It has been pretty much a straight line up since the higher 5406 low but to make this more than just a rebound, it would need to take out the record 5672 high.
Standing in its way is 5657.
ATTENTION WILL BE ON THE 5 DAY UP PATTERN WHEN THE NEW WEEK STARTS ASSUMING THERE I A HIGHER CLOSE TODAY..
Sensible … BE SENSIBLE …
I say don’t be sensible – BE PROFITABLE !
Forget Dudley ( in FT), forget powell’s advisor, (FED wants you to think IT is focus on everything labor.)
As long as players keep on being anxious, the DLR is likely to be tilted to the downside.
I like to watch certain monkies in the jungle as sentries “coz they know” and one such animal currently is the USDJPY’s 140.20-18ish. All sorts of dominos plays will trigger if the yen goes stronger.
With all much due respect to those of the belief the FED will cut by .50, most of the actual executives you listen to think that thought is absurd and we will have a .25 basis cut. A 50 would shock the system and scream of inefficiency and recklessness, not to mention deep problems within the economy. A 25 basis cut would be more logical in almost all ways. The lack of a cut would also rattle markets as it would demonstrate lingering problems and not a “mission accomplished” position, which is what the business world is hoping to hear. There are already trillions of capital adjustments that have transacted in both business and finance in projection of a .25 basis cut.
Be sensible people.
GBPUSD Daily
Supports : 1.31150 , 1.30550 & 1.30000
Resistances : 1.31550 , 1.31900 & 1.32450
Pretty clear situation , with two scenarios :
– 1.30550 holds it’s grounds – we’ll be turning Up
– 1.30550 taken out – we’ll be gunning for 1.28500
Close tonight is very important and might give us a clue on coming days.
I’ll post an update late tonight.
Sept 13 (Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper.
What a difference a day makes. Just 24 hours ago, investors were coming to terms with the idea that a half-point rate cut next week from the Federal Reserve was unlikely and a quarter-point drop was much more in line with a soft-landing scenario.
A couple of articles by closely followed Fed correspondents in the Financial Times and the Wall Street Journal overnight, along with comments from influential former Fed official Bill Dudley, have been enough to flip those assumptions on their head. It’s now pretty much 50/50 as to whether the Fed goes 25 basis points or 50 on Sept. 18.
now this is more to my interest:
2-year Treasury yield slides as investors assess interest rate outlook
comedy relief at the FED
The Fed’s Rate-Cut Dilemma: Start Big or Small?
By Nick Timiraos, Sept. 12, 2024
That the Fed will cut rates at its meeting next week is all but settled. But how much is shaping up to be a close call.
Federal Reserve Chair Jerome Powell faces a difficult decision as the central bank prepares to cut interest rates next week: Start small or begin big?
EURUSD 4 HOUR CHART – FRIDAY THE 13TH
1.1091 nicked only so far but 1.11, midpoint of 1.10-1.12 is probably more important in dictating whether EURUSD makes a fresh run at the 1.1201 high.
On the upside, the key trendline (see chart) would need to be broken to expose 1.1155 as a target.
On the downside, keeps a bid as long as it trades above 1.1055.
Otherwise, it is Friday the 13th if you are superstitious.
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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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