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Summary
In order to gain an edge on the market, you need to anticipate trades rather than react to trades. Anticipating your trade entries and exits well before execution time will set you apart from your fellow traders. Gaining the best entry price possible puts you in a position of strength to make calm and clear decisions during the course of the trade. Most traders react to market movement causing them to chase an entry prices, which then puts them at a immediate disadvantage and they are acting from position of weakness Join Todd Gordon as he takes you inside his preferred entry and exit techniques to anticipate entries rather than react. Using Elliott Wave and Fibonacci methodology we will show you how to anticipate your next trade at least 3 hours ahead of time and at the best price possible. When you are thinking a step ahead of the market, you are trading as a market maker, not a market taker.Latest Live Videos
Editors’ Picks
EUR/USD weakens to four-week lows near 1.1750
EUR/USD’s selling pressure is gathering pace now, approaching the area of multi-week troughs in the mid-1.1700s on Thursday. The pair’s intense decline comes on the back of another day of solid gains in the US Dollar, particulalry exacerbated following firm prints from the weekly US labour market.
GBP/USD drops further, hovers around 1.3460
In line with the rest of its risk-linked peers, GBP/USD faces increasing selling pressure and recedes toward the 1.3460 region, or four-week lows, on Thursday. Cable’s persistent pullback comes in response to the continuation of the recovery in the Greenback amid a solid US data and a divided FOMC when it comes to the Fed’s rate path.
Gold clings to daily gains near $5,000
Gold struggles for direction and clings to its daily gains around the key $5,000 mark per troy ounce on Thursday. The precious metal sticks to the bid bias amid reignited geopolitical tensions in the Middle East and despite marked gains in the US Dollar and rising US Treasury yields across the curve.
Ripple slips toward $1.40 despite SG-FORGE tapping protocol for EUR CoinVertible
XRP extends its decline, nearing $1.40 support, as risk appetite fades in the broader market. SG-FORGE’s EUR CoinVertible launches on the XRP Ledger, leveraging the blockchain’s scalability, speed, security, and decentralization.
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.
Here is what you need to know on Thursday, February 19:
The US Dollar gathered strength in the second half of the day on Wednesday, boosted by the hawkish tone seen in the minutes of the Federal Reserve's January policy meeting. The US economic calendar will feature December Goods Trade Balance figures and the weekly Initial Jobless Claims data. Meanwhile, investors will pay close attention to geopolitical developments.