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Summary
If you have been trading for any length of time, you probably have come up against one of the following issues: 1) You have taken consistent, small profits and have noticed that, at times, the market moves for hundreds (and even thousands) of pips in your favor after you exit the trade. Or, you may have noticed this: 2) There are many trades that go in your favor a little bit only to turn around and become losers or break-even trades, however, you sometimes bag a few HUGE winners. In this session we will talk about your trading style and how to determine the exit strategy you should use to achieve consistent, long term success (without changing your strategy every couple of months). At the end of the session we will examine the current charts, from a naked point of view.Latest Live Videos
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.