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US OPEN
Cautious risk tone ahead of reciprocal tariff updates on ‘Liberation Day’
Good morning USA traders, hope your day is off to a great start! Here are the top 6 things you need to know for today’s market.
6 Things You Need to Know
US “Liberation Day”: US President Trump to announce reciprocal tariffs at 16:00EDT/21:00BST on Wednesday; US Commerce Secretary Lutnick speaks at 08:30EDT/13:30BST
USTR has reportedly prepared “an across-the-board tariff on a subset of nations that likely would not be as high as the 20% universal tariff option”, according to WSJ.
Stocks move lower as markets await reciprocal tariff updates on “Liberation Day”.
USD steady, Antipodeans outperform whilst Havens lag a touch.
Bonds largely in a holding pattern as we await the Rose Garden speech.
Crude is incrementally lower whilst spot gold prices remain underpinned by haven demand.
BTCUSD 4h
Support at 83.850 held nicely and in advance.
Next bar is very important – if it manages above 85.600, we’ll be seeing 87.600 shortly after.
BTC has to take it over and reach 91K in order to finally break this consolidation.
Anything else would bring us back to Yoyo phase and more of trendless waste of time.
Using my platform as a HEATMAP shows…
… the dollar not surprisingly treading water ahead of the tariff announcement
What caught my eye is EURUSD PRINTING 1.08 FOR THE 9th DAY IN A ROW… the longer this pattern goes on the greater the risk of a directional move once it is broken
XAUUSD up after holding 3100 yesterday
Light data calendar… all that matters is Trump at 4PM EDT… stay on guard for any leaks beforehand
USDCAD 4 HOUR – WHAT IS THE CAD SAYING
Maybe just some booking squaring or [perhap some hope that Canada will be spared the worst outcome?
In any case, when you see a straight line (in this case down) with no retracement it indicates real money selling.
Looking ahead, use 1.42-1.44/1.45as a reference range with only a firm move outside it giving a verdict on tariffs.
This article is worth revisiting we wait for the tariff announcement
NAS100 4 HOUR – 24 hours to go
24 for hours from now…Same for all stock markets… it will be the reaction to news that matters.
In this regard, it will be a new ball game after the close of the cash market tomorrow when President Trump will announce details on reciprocal tariffs.
On the upside, NAS100 would need to regain above 19815-20050 to suggest the low is in, at least for now.
On the downside, what matters most is the low at 18793.
GME – GameStop Corporation
Their gig with the crypto didn’t help…at all…
Kitty is Roaring, all right…but in agony 😀
23.25 & 23.95 represents two resistance levels that are going to be hard to get over.
Support at 20.75 doesn’t mean much – 18.85 & 17.70 should be ones that might provide some real support.
Below it 9.95 smiles cheerfully.
BTCUSD – Bitcoin Daily
Supports: 83.850, 82.650 & 81.500
Resistances: 85.500, 87.500 & 88.850
Bitcoin is kind of struggling, trying to turn the direction Up again.
For any real move Up we have first to see it above 91K, and that would be just a first step.
For tomorrow, I expect it to make another push Up to challenge resistance at 87.500
EURUSD Daily
Supports: 1.07750, 1.07650 & 1.07500
Resistances: 1.07950, 1.08050 & 1.08150
Very tight ranges, but we can expect lots of commotion once Tariffs hit the street.
Chart wise : this can turn both ways equally , so stay on small time frames if you feel like trading is must, and if not get some pop corns and sit back and relax.
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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.
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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.
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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.
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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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