Boris Schlossberg
BKTraders and Prop Traders Edge
In this video, I reveal the trading superpower that's hiding in plain sight on your charts - a simple yet powerful trend detection system that can achieve up to 80% accuracy across any instrument, timeframe, or market.
What you'll learn:
- Why the biggest lies in trading ("you can't predict markets" and "there's no trend") are completely false
- How markets move based on human emotions that create predictable, repeatable patterns
- The psychology behind why trends form and continue across multiple candles
- My three-ingredient formula for crystal clear trend-based trades
Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.
Editors’ Picks
EUR/USD hangs close to 1.1750, with eyes on Fedspeak
EUR/USD is holding its retreat from 10-week highs near 1.1750 in the European session on Friday, capped by a modest rebound in the US Dollar. The potential downside for the pair might be limited amid expectations of divergent Fed-ECB monetary policy outlooks. Fedspeak is awaited,
GBP/USD holds steady below 1.3400 after mixed UK data
GBP/USD is keeping its range trade intact below 1.3400 in European trading on Friday. The UK GDP unexpectedly fell by 0.1% in October vs. a 0.1% growth expected, while the Manufacturing Production rose 0.5% over the month in the same period, missing the estimated 1% increase. Mixed UK data have little to no impact on the Pound Sterling.
Japanese Yen bulls have the upper hand as hawkish BoJ outlook offsets risk-on mood
The Japanese Yen remains on the back foot through the early European session on Friday, though it lacks bearish conviction amid hawkish Bank of Japan expectations. Traders have been pricing in the possibility that the BoJ will hike interest rates as early as next week.
Editors’ Picks
EUR/USD hangs close to 1.1750, with eyes on Fedspeak
EUR/USD is holding its retreat from 10-week highs near 1.1750 in the European session on Friday, capped by a modest rebound in the US Dollar. The potential downside for the pair might be limited amid expectations of divergent Fed-ECB monetary policy outlooks. Fedspeak is awaited,
GBP/USD holds steady below 1.3400 after mixed UK data
GBP/USD is keeping its range trade intact below 1.3400 in European trading on Friday. The UK GDP unexpectedly fell by 0.1% in October vs. a 0.1% growth expected, while the Manufacturing Production rose 0.5% over the month in the same period, missing the estimated 1% increase. Mixed UK data have little to no impact on the Pound Sterling.
Gold extends rally beyond $4,300, fresh high since October 21 amid dovish Fed bets
Gold prolongs its uptrend for the fourth straight day and climbs beyond the $4,300 mark, hitting a fresh high since October 21 during the first half of the European session on Friday. The US Dollar struggles to attract any meaningful buyers and remains close to a two-month low, touched on Thursday, amid the Federal Reserve's dovish outlook.
Litecoin Price Forecast: LTC struggles to extend gains, bullish bets at risk
Litecoin (LTC) price steadies above $80 at press time on Friday, following a reversal from the $87 resistance level on Wednesday. Derivatives data suggests a bullish positional buildup while the LTC futures Open Interest declines, flashing a long squeeze risk.
Big week ends with big doubts
The S&P 500 continued to push higher yesterday as the US 2-year yield wavered around the 3.50% mark following a Federal Reserve (Fed) rate cut earlier this week that was ultimately perceived as not that hawkish after all. The cut is especially boosting the non-tech pockets of the market.
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