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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
AUD/USD posts modest gains above 0.6600, investors await fresh catalysts
The AUD/USD pair posts modest gains around 0.6605 during the early Asian session on Monday. Investors await the key US economic data this week for fresh catalysts, including the Consumer Price Index, Producer Price Index, and Retail Sales.
EUR/USD: Optimism surges ahead of the United States Consumer Price Index
An uneventful week ended with some more action, as choppy trading prevailed until Thursday. EUR/USD seesawed in a tight range just above the 1.0700 threshold for most of the week, with the US Dollar finally giving up and extending its slide while heading into the weekly close.
Gold resumes rally amid fresh rate cut hopes
Spot Gold price heads into the weekly close posting solid gains and changing hands at around $2,360 a troy ounce. XAU/USD struggled for direction, spending most of the week hovering between $2,300 and $2,330.
Could Worldcoin price shoot up 45% ahead of OpenAI’s live stream on Monday?
Worldcoin price has formed a double bottom around a key support level, suggesting a potential accumulation. If the OpenAI’s Monday live stream has a positive impact on Artificial Intelligence field, it could positively impact WLD and other AI-based tokens.
Week ahead: US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.