Jennifer Thornburg
The Trapper
Independent trader Jennifer Thornburg presents the 5th chapter of her educational series How to Use the MACD.
This is the summary of the session in where Jennifer explains how to set stop losses and profit targets. Jennifer also presents the sale of The Button.
Watch the full 5th chapter here: How To Use The MACD #5: The Reverse Trigger Finger Is The MACD Counter-Trend Trade Signal
All of our robots perform very well over many years of historical data, but past performance is no guarantee of future results; rather past performance is only an indication of the strategy's potential. Other circumstances which could produce variable results exist which Trading Algos, LLC has no control over, including but not limited to: broker slippage, speed of trade execution, internet failure, MT4 failure resulting in automated program losing control of the chart/account, etc.
Editors’ Picks
EUR/USD remains offered below 1.1800, looks at US data
EUR/USD is still trading on the defensive in the latter part of Thursday’s session, while the US Dollar maintains its bid bias as investors now gear up for Friday’s key release of the PCE data, advanced Q4 GDP prints and flash PMIs.
GBP/USD bounces off monthly lows near 1.3430
GBP/USD is sliding in tandem with its risk-sensitive peers, drifting back towards the 1.3430 area, its lowest levels in the month. The move reflects a firmer Greenback, supported by another round of solid US data and a somewhat divided FOMC Minutes.
Japanese Yen hangs near one-week low vs. USD amid worries about Japan’s fiscal health
The USD/JPY pair gains positive traction for the second straight day – also marking the third day of a move up in the previous four – and climbs to over a one-week high, around the 155.35 area, on Thursday. Spot prices, however, retreat a few pips during the early European session and currently trade just above the 155.00 psychological mark, up nearly 0.20% for the day.
Editors’ Picks
AUD/USD shrugs off losses, retargets 0.7100
AUD/USD partially fades Wednesday’s pullback, managing to regain balance, leave behind the earlier drop to the 0.7020 zone, and trade with modest gains ahead of the opening bell in Asia. Moving forward, the preliminary PMIs will be the salient event in Oz on Friday.
EUR/USD remains offered below 1.1800, looks at US data
EUR/USD is still trading on the defensive in the latter part of Thursday’s session, while the US Dollar maintains its bid bias as investors now gear up for Friday’s key release of the PCE data, advanced Q4 GDP prints and flash PMIs.
Gold surrenders some gains, back below $5,000
Gold is giving away part of its earlier gains on Thursday, receding to the sub-$5,000 region per troy ounce. The precious metal is finding support from renewed geopolitical tensions in the Middle East and declining US Treasury yields across the curve in a context of further advance in the Greenback.
XRP edges lower as SG-FORGE integrates EUR stablecoin on XRP Ledger
Ripple’s (XRP) outlook remains weak, as headwinds spark declines toward the $1.40 psychological support at the time of writing on Thursday.
Hawkish Fed minutes and a market finding its footing
It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.
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