Staying informed is crucial. However, there's a delicate balance between being well-informed and succumbing to information overload. Navigating through a sea of news, analyses, and market chatter requires finesse. Here are some strategic tips to help you stay informed without drowning in an excess of information. 1️⃣ Curate Quality News Sources: Amid the...
Embarking on a trading journey is exciting, but the allure of quick fixes and get-rich-quick schemes can be tempting. There are no shortcuts and work must be put in to achieve real consistency, just like it would for a dentist, a doctor, and many other professions where years of study and practise is required. Be mindful of the following: 1️⃣ Embrace the...
Hey Traders, Within US markets the same theme really is occurring. Up moves in fast succession. Ignoring Technical factors/bias is unwise if you are looking for concrete evidence in your trading decision(s). Fundamental Analysis rules markets in direction, but viewing candles tells you a lot aswell. This clears it up.
Hey Traders, Today at noon GMT time we will hear from the BOE. Rates are expected to be held, but we may see a change of rhetoric from Central Bank Governors. The UK has struggled with growth for a while, so it will be interesting to see. Here's the economic/fundamental side as well as the Technical case before hand.
Hey Traders, Here's a 10Min+ Full Multi time frame analysis of the EURUSD. This comes off the back of a significant upmove driven by short-side sentiment surrounding the US dollar and inflation/Reaction from central bank bodies. People are less keen to save as interest rates change and comments are given. To understand the future, you must use the past. Using...
Hey Traders, Recently I discussed how I prefer to trade Markets that have rallied for a long time and are retracing via a pullback. The EURJPY is absolutely no exception and offers a great example of this. We can look to scale in at key areas long, whilst changing our bias to exit shorts for gains. Watch for more.
Hey Traders, Recent PPI data in the US has tentatively moved markets before all gains being reversed. Anticipation now pulls towards the FED meeting tonight and FOMC conference after. Here's what to look for.
Hey Traders, As FED news and comments comes across the wires we can see further buying of gold. As the saying goes, 'Buy low, sell high' This is one of those times where its great advice. This buying, as you have seen previously, frequently ends with liquidation from investors and a falling market ebentually. That does not mean it cannot break the highs, it...
GBPJPY alike many other JPY pairs is retracing on short falls and a change in market mood. Key areas of support exist lower (visible on higher TF's as shown) but will require a continued downside movement. This is what to expect after such a long rally.
Hey Traders, Lots of people keep asking me about the USDCAD as it has ranged for 8 or so years.. After we looked short for a big fall followed by a changed bias long, we can look to the future and both the near/long term market. That's clearly seen with a price action eye. Watch for more.
Here's another detailed 9 Min runover. Oil is heavily sentiment effected at the moment and we have seen previously how this can move markets. It is essential to be trading it in proportion to the new market risk. Here's how.
Hey Traders, Today is an important day in the calendar of Traders. The FED Speech by Powell could hold the keys to a more in depth understanding of the US Economy. There are two angles, positive internal factors around softer landings, and external ones regarding middle east tensions and China's situation economically. Both come into play, but to be on the...
As the EURCAD falls to reasonable early support off from a 4 day fall.. It becomes time to scale in LONG. Not short. That time is over :)
Hey Traders, After the recent push in AUD pairs, there is much to be discussed. GBPAUD is no exception this morning. When to exit, when to enter based on price action and reading the movements of other traders/ Market participants alike. Watch for more.
Dealing in facts and logic, will always give you the best outcome. Using real data and reading between the lines is something anyone, in any walk of Trading can conduct. This story is one that you can see a mile off and one you can use to understand the natural order in which Markets actually work. Within the jungle of trading strategies that rely on all sorts,...
Hey Traders, Recent falls have come with minor rejection as price makes its way to higher TF support zones. Weeks and weeks of uprising can only end one way. This is how to handle it.
Hey Traders, As the NZDUSD rises to early resistance amid US data we can identify short entries, now and beyond. We can also look below to areas of long term long bias. Apart from the 2017-2019 difference in Monetary Policy, the RBNZ has followed the FED alike many other central banks as global economic outlook has adjusted to current times. Studying Price...
Hey Traders, We have seen lots of US FX Pairs rally on changed market sentiment and lower impetus for the USD. AUD, alike many other major FX pairs has rallied to historic higher TF entry points and price action areas. These provide a lot of information to form a new bias and here's what I'm looking for within the next move(s) that may occur within this FX pair...