USDJPY 4 HOUR CHART – WATCH THE TRENDLINE
Key BOG FIGURE LEVELS levels 152 and 155 after 152 held
Key line on the chgart is the trendline at around 154.84, if broken it would ease some technical pressure but 155+ would be needed as well.
Focus next on US PCEm the Fed;s favored inflation indicatpr.
REMINDER, BOJ MEETING NEXT WEEK.
USDJPY 4 HOUR CHART – WATCH THE TRENDLINE
Key BOG FIGURE LEVELS levels 152 and 155 after 152 held
Key line on the chgart is the trendline at around 154.84, if broken it would ease some technical pressure but 155+ would be needed as well.
Focus next on US PCEm the Fed;s favored inflation indicatpr.
REMINDER, BOJ MEETING NEXT WEEK.
S&P 500 index
After sharp slide, seeking to stabilize – Major News Media
But looking at the chart, things are not even close to stabilizing – Guess they are trying to go with some self fulfilling prophecy of a kind…
Last line of Defence for S&P is in 5.300 area. If it holds, I’ll call it as I see it…
So far I see a deeper correction and a violent one, but no need to wake up Bears – Yet.
Nasdaq 100 – NDX
Tech-led selloff drives record volume in NDX options
The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index NDX as the tech-heavy gauge is battered by turbulence in giant tech stocks.
The index – in which about 70% of the companies represented are tech – has slipped 7% from its July 10 record high in a tumble that has rattled the megacap names which have powered markets higher this year. By comparison, the S&P 500 is off 4% from its record, also set earlier this month.
EURUSD Daily
Supports at : 1.08250 , 1.08100 & 1.07850
Resistances at : 1.08700 , 1.08900 & 1.09250
1.08100 is a turning point – If eurusd find a footing there, this Drop can come out as a Correction – only, but if lost, a full Wave should unfold to at least 1.07000 area.
Close tonight below 1.08550 will be Bearish signal.
Yesterday I suggested a very low priced stock for stock enthusiasts with not much money to work with, GROY. A gold stock. The delta is 100%. Today there ratio of calls to puts is 329% in favor of the calls (buy side). This stock does tend to move in a somewhat decent fashion with gold itself. Food for thought.
With some luck Swiss Franc futures selling will make it to around 1340 before rebounding. A little tough with current Geo-political climate but other conditions support that unfolding such as the Euro economy cooling in tandem with the US but the US is stronger and there is that little thing called interest rate differentials and rotation in stocks into low cap stocks for growth and out of primaries in favor of hedging risk.
I don’t just look at lines all day. I deploy a very neural approach.
Very simply Dxy holding 104.05 so far is significant and portends to an upside draft. In addition as long as the 2yr note is holding below its point of control (the most significant volume of bids/asks) (this is not based on a volume profile, you won’t find it there, it is proprietary) of 102.20 it is likely to sag toward 102.15 or possibly 102.14 which will help shorter term yields and the Dollar. Forwards and other items are south longer term and only on the buy side in the nearer term contracts. Nothing has changed the overall dominant upward bias in short term US notes. So while Dollar is a bull I wouldn’t count on riding it for much longer.
Meanwhile:
SAO PAULO, July 24 (Reuters) – Sharks off the coast of Brazil’s party city Rio de Janeiro have tested positive for cocaine.
Certainly those sharks were all trading spot currencies as well.
It appears players have found motivation to get out of short YEN
making YEN top mover.
this morn european stock are bleeding red aping byesty bleeding in the US
VIX is uP, rfeflecting the trading crowd dumping riski assets and switching to “safer” ones (like the swissie or thew dlr)
08:30 NYT Data Deck:
expecting only some – i.e. mild – reaction , nothing to change the Earths rotation
FRAUD
– only when a scam is successful can it be described as fraud
– for a fraud to be considered successful the scam operator must not ever be caught.
Two Canadian journalists – Zak Vescera & Adrian Ghobrian – are left w/ jaws agog
Canadian company at the centre of alleged international pyramid scheme: authorities
A Canadian company – Metaverse Foreign Exchange Group Inc., also known as MTFE, pitched itself as a reputable online trading platform – is at the centre of an alleged pyramid scheme that foreign officials say stole more than US$2 billion from hundreds of thousands of people in Sri Lanka and Bangladesh, according to authorities in those countries.
Efforts to locate MTFE’s sole Canadian director, Randy Mathieu Lane, who had a listed address in Richmond, B.C., were unsuccessful.
Forex Forum Ad Hoc Glossary
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.
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.
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.
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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