Watching the charts over the last 2 years now have been "INTERESTING" & even then, it's probably an understatement.
But in all fairness; although the news is often priced into the chart, we have seen exceptional circumstances. We saw a de-coupling of Britain from the European Union, what a cock up that was & only now the fall out's are becoming obvious for many.
We had the whole Trump <> Biden saga, possibly the most intense and viewed battle for the power seat! Some people say Trump would have finished world war 3 before it began, others say Biden struggles to start his pace maker. (not an American, or bothered by the political situation). But you have to take note of the global impact these events have had, over all tradable instruments and asset classes.
We can't forget this as also been during the COVID era. World wide disruption; amazing how it's ravaging the air above 4 feet, but if you sit in a restaurant - it passes over your head. We have seen world leaders have BBQ's at the G7, Policies being changes prior to campaigns and ever increasing vaccine mandates. All of this will impact the charts!
Now we are heading towards a potential world war - Politicians, screwing whoever they want. Simply because they can. Another major issue for the charts and various instruments; you have to sometimes wait for the market to settle or search for unusual opportunities.
** This is not political or giving any bias or view in any way**
It's merely highlighting what we have been through these last couple of years, market sentiment will change and evolve with such events. So the message is stay safe, think of the impact such events could have when trading - deploy proper risk management!
Have a great week!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
But in all fairness; although the news is often priced into the chart, we have seen exceptional circumstances. We saw a de-coupling of Britain from the European Union, what a cock up that was & only now the fall out's are becoming obvious for many.
We had the whole Trump <> Biden saga, possibly the most intense and viewed battle for the power seat! Some people say Trump would have finished world war 3 before it began, others say Biden struggles to start his pace maker. (not an American, or bothered by the political situation). But you have to take note of the global impact these events have had, over all tradable instruments and asset classes.
We can't forget this as also been during the COVID era. World wide disruption; amazing how it's ravaging the air above 4 feet, but if you sit in a restaurant - it passes over your head. We have seen world leaders have BBQ's at the G7, Policies being changes prior to campaigns and ever increasing vaccine mandates. All of this will impact the charts!
Now we are heading towards a potential world war - Politicians, screwing whoever they want. Simply because they can. Another major issue for the charts and various instruments; you have to sometimes wait for the market to settle or search for unusual opportunities.
** This is not political or giving any bias or view in any way**
It's merely highlighting what we have been through these last couple of years, market sentiment will change and evolve with such events. So the message is stay safe, think of the impact such events could have when trading - deploy proper risk management!
Have a great week!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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Prop firm partners (FTMO)
shorturl.at/hBEQ4
Master the Art of Trading: amzn.to/3nUfB9r
Prop firm partners (FTMO)
shorturl.at/hBEQ4
