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Worth reading during this lull… Looks like we are in Phase 2
This is a timely blog article worth your attention
How you can navigate the current market chaos
USDJPY 4 HOUR CHART – Â Â Â Following stocks
Main mover today but faces resistance at this week’s 149.19 high and 149.33, which block the pivotal 150 level.
It has been pretty much one-way since 147.85 so only minor levels withing 148-149.
Otherwise watch any reaction to Trump tariff headlines and how stocks trade (note day is still young)
Using my platform as a HEATMAP shows
TGIF after another Trump tariff headline roulette driven week
USDJPY seems to be following firmer stocks while the dollar is mixed elsewhere
Gold continues shine and within spitting distance of 3000
Looking ahead
Another headline news watch
University of Michigan Consumer Sentiment
Global-view.com GTA Challenge Continues – More Prizes
We are happy to announce next round of our GTA Challenge.
The Challenge will start on March 17th 202
This time we are brining you a chance to get one of 3 Prizes:
US500 4 HOUR CHART – NEW LOW
Trump’s hardline tariff rhetoric plus risk of a government shutdown saw the dead cat correction bounce setup a new low.
5500 is one of those key psychological levels that needs to hold or open a void on the downside.
Back above 5600, at a minimum is needed to slow the risk.
XAUUSD 4h
Resistance at 2985.00 holds its ground for now.
Supports move to 2965.00 & 2950.00
Unless we see a correction towards these supports, I don’t see a reasonable trade right now.
There is one possibility – for Gold to hold above 2980.00 overnight and continue straight up tomorrow – high risk trade.
EURUSD 4h
Pattern proved right – as always – leg down.
Now in real trading, there are few rules while following these type of patterns:
–         Trade is active only during the given bar – no extensions or variations
–         Whatever profit is seen has to be taken – no hopes , no dreams
Now we have seen here 20 pips of profit, but seems like market has stopped for now.
Personally I take what I get – there is always another one to trade.
There is around hour and half left, but late in game….this is not exactly a good timing for trade.
If everything stays like it is right now till next bar, we’ll have another pattern , but one that gives bad probabilities : 50-50
That is because we don’t have a down trend, but a correction, so question is when is it going to turn up again….
This was just a real time example 😀
If someone can explain why Canada, the closest US ally, has become the enemy
XAUUSD – Gold
March 11. : This is starting to look like a very nice Bullish Formation.
All time high at 2956.29 Â in my opinion is not going to stop it this time
So here we are….2980.00 New High and resistance at the same time.
If Gold manages above it today/tomorrow, we’ll have a rally straight to 3100.00 ( 3090.00 to be exact)
Supports: 2950.00, 2935.00 & 2905.00
In our blog
Why do markets hate uncertainty?
Markets hate economic uncertainty. While it creates volatility, it is often not the good kind.
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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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