Hey Traders, Lots of traders struggle to pre-empt potential falls in Markets. This is because they over-trade or over-leverage. This is particularly dangerous when you have extreme sentiment and greed in the Markets, causing traders and investors to buy continuously. The prospect of a home run is tempting to think about, but is it reality? Here's an inside look.
Don't Forget to click on the follow button to see more Detailed Daily Analysis. Also if you have any questions please do ask them in the comments section! Here we have our NZDJPY chart. We have seen volatility on current global tensions across various asset classes. This morning the NZD has fallen Rapidly across the board. From the Long term Downtrend on the...
Hey Traders, After UK Data today you have seen a further rise in GBPJPY. The momentum comes as people swap to a GBP bias over JPY. This poses the question; how to manage it and where to potentially short it. It is very important in many cases, especially on YENS that you do not rush in. You can get burnt and burnt badly on significant long term rallies. Watch For More.
Hey Traders, The Bank Of England meets today at around 12:00 GMT. This could be a decisive moment for GBP FX Pairs, as any hint of hawkish/dovishness can take it out of its range that we have seen since December. Here's my Technical levels, as well as the fundamental side.
Hey Traders, When any asset rises and rises, there'll always be a point where traders take their gains. Planning this, when you have Price Action to use as a reference, can be difficult. Unless of course, you know exactly what to look for. Remember, if you are Hodling, you will want to start to lock in gains ultimately before any falls. Here's my take on...
Hey Traders, I've mentioned short routinely on pops up, following on from major rejection at ATH's. Now, you can start to look for a long bias as we approach key support. Watch and learn.
Hey Traders, After a lacklustre week, we have some life. NFP came in @ 353K from a 180-185K consensus. This has supported the USD as expected, so we can identify any further levels for entries on rapid falls. Watch for more.
Hey Traders, After looking short in line with the previous high and ultimate market value, we have had a considerable fall. Also as mentioned, the rebound took us to yesterdays re-short zones in line with renewed market sentiment and BOJ comments regarding an end to negative policy. We can now look to the future and what to look for. Watch for more.
Hey Traders, EA is one of the pairs moving in the markets today. Here's the why and how.
Hey Traders, Here's a rundown on the Euro Pre ECB News and Conference Later. It's so important to be inline with markets before potentially volatile news events. So this is my long term outlook with economic fundamentals included, as well as technical aspects.
Hey Traders, The recent harsh push to all time highs came about as we saw renewed global tensions, which are becoming ubiquitous in current times. Rash fear buying came about and prices rose above previous highs. This is why I mentioned so many times last week to DROP YOUR SIZE. Highs can be broken. Although they are areas in which can note short entries, you...
Diversifying trading strategies allows me to adapt to ever-changing market conditions and seize opportunities across various trading styles and instruments. Let's explore the importance of diversification and how it can enhance trading performance. 1️⃣ Why Diversify Trading Strategies? Diversifying trading strategies is essential because it allows me to adapt to...
Hey Traders, As volatility enters the market from BTC ETF sentiment, we can look at how to gauge entries and exits on other Crypto assets. Usually, impetus around crypto spreads across and this is no different on ETHUSD. Here's my take.
Hey Traders, Being an existential trader really isn't preferred. It's better to take value, than to FOMO Gamble. These are important lessons one discovers as they embark on their trading journey. Watch for more.
Hey Traders, News circulating around a potential Bitcoin ETF Approval is causing volatility in Crypto markets. But, you always have to keep your head screwed on and understand some key components. Watch for more.
Hey Traders, Taking both a fundamental and technical approach is key for defining future market movement. To do this you need to: 1. Understand what is going on with the respective central banks for both involved economies (FED and BOJ). 2. Identify key tech zones for entry where orders are going in and out. Put the two together, and things get a lot easier.
Hey traders, After the recent rally on gold to new ATH's, we can judge what to do on falls to early support, or rises to former resistance. Eyes are now on the FED as we approach inflation data and other key news. Some hints have already come, but 2024 is set to be a year of changes. Watch for more.
Hey Traders, As NZDUSD is a top mover today, I thought I'd cover it fully. Lets go over the long/near term bias I have.