Cart
To use Cart please install WooCommerce plugin
- This topic has 11,679 replies, 48 voices, and was last updated 3 months ago by .
-
EURUSD 4h
Situation is not clear, yet but indications are here…
We have two important levels to watch now:
1.07600/700 above the head
1.07200 below
Return above 1.07700 would be indicative of renewed Up trend
Break below 1.07200 would open a road to 1.05000
Daily ranges are pathetic, and obviously only force are stop losses.
XAUUSD 4 HOUR CHART – More consolidation
Continues to consolidate between 2999 – 3038,
Range is too tight to last for long… …going strictly by charts, there is a retracement risk as long as it trades below 3038 but
…my hesitation is how betting on retracements following through in XAUUSD has been a losing bet and … why the 3000 area is so important.
KIt’s the reaction to news that matters
EURUSD reacted to this
and ignored this
Bobby, if you look at a daily chart, it was almost straight up from 1.0360 to 1.0954, with just one retracement to 1.0821.
The move through 1.0821 broke the upward momentum and left the focus on 1.08 to set its tone.
The breakout level for the run to 1.0954 was 1.0630 so this is the key level for me.
Using FIBOS for 1.0360-1.0954 using our Fibonacci Calculator
EURUSD 4h
Watch the close of this 4h bar!
If it manages to close above 1.07900, there will be a fair chance for the attack at 1.08250
I have to point something – this correction started 7 days ago, and it is kind of lame – so we might be seeing a change of a current intraday trend.
But as long as 1.08250 holds, more tests of supports are on cards.
USDJPY Daily
Yen has to first take out that 151 – it is EMA 50 acting as a barrier.
Supports: 150.050, 149.300 & 149.050
Resistances: obviously 151.000, 151.250 & 152.450
Pattern wise – it looks good for tomorrows break above 151, as long as the day closes above 150.100
With so much fundamentals in front of us, it is not wise to try to predict so much in advance.
- You must be logged in to reply to this topic.
Forex Trading Forum
OnlineBroker.Fr is the best resource for French language information on the best online trading platforms and crypto exchanges in France.
https://www.onlinebroker.fr
If you are just starting out with forex trading and you are still searching for an online trading platform to go with, then check out the top online trading platforms in review by business 24-7 Forex traders may find daytrading.com a powerful resource. In addition to the broker comparison tables, it also provides insight and strategy on short term, intraday forex trades.
You may find this useful U.K. Investors may find investing.co.uk a useful resource. In addition to the broker comparisons table, the site also provides detailed reviews, bonus information and strategy articles.
Current and potential Scandinavian currency traders will likely enjoy Valutahandel.se , a website about forex trading in Sweden.
Forex Trading Forum
Forex Forum & Blog is the place where traders can exchange their Ideas, give Trading Tips and Discuss their Trading Ideas.
Forex Trading Forum – Ad Hoc Glossary
Forex Forum & Blog
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.
Forex Trading Forum
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.
Forex Trading Forum
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.
Forex Trading Forum
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.
Forex Forum & Blog