Summary
Your analysis on the next trade setup is complete, but now begins the most crucial part of the trading process; the ART of the Trade. A well planned trade is broken down into three key components: A – Account, R – Risk, and T-Trade A trade breaks down like this: Analysis complete. Conviction determined. Position size calculated. Orders entered. Position managed. Trade ends. Results accumulated. Repeat …. Whether you're managing a $10,000 account or a multi-million dollar account, each of these aspects needs careful considerable for the long term viability of a successful trader. Join professional traders Todd Gordon and Jackie Fogg as they uncover the "ART of the Trade”. Learn to handle your valuable trading capital like a professional to produce long-term success as a trader.Latest Live Videos
Editors’ Picks
EUR/USD:Falling wedge on 4H tests bearish impulse below 1.2100
EUR/USD portrays choppy trading moves between 1.2075 and 1.2080 during Tuesday’s Asian session. Bullish chart pattern, recovering MACD keep buyers hopeful. Early February lows, 61.8% Fibonacci retracement add to the downside filters.
USD/JPY: Picks up bids below key hurdles under 104.00
USD/JPY buyers battle resistance line of a short-term symmetrical triangle. The yen pair not only refreshes the intraday high but also probes a symmetrical triangle formation established since the last Thursday. 100 and 200-HMA add to the upside barriers.
GBP/USD: Monday’s bullish pin bar keeps buyers hopeful
GBP/USD picks up bids around 1.3590 amid the initial Asian trading session on Tuesday. The Cable justifies its bounce off 21-day SMA and a bullish pin bar candlestick pattern on the daily chart. Monthly resistance line adds to the upside barriers.
Gold: All eyes on the greenback and US yields
Gold prices are attempting to recover as the DXY stalls in its bullish correction. The dollar could still be a catalyst for a deeper positioning squeeze in the yellow metal. The US dollar strengthened for a third consecutive day on Monday.
WTI looks for clear direction near one-week low around $52.00
WTI fades recent corrective pullback from $51.80 while easing to $52.16 amid the initial Asian session on Tuesday. Even so, the oil benchmark manages to avoid losses despite declining to one week low the previous day.