Breakout London Timeframe

Watch Out the Wind!!!!

 

1. US Dollar may fall as soft CPI, retail sales data cool Fed rate hike bets
2. Aussie and NZ Dollars correct lower following sentiment-driven advance
3. Euro extends rise after ECB meeting minutes hint at sooner QE unwind

Remark: Do your own due-diligence work before investing FOREX. Cheers!

GBPCAD

Watching at this confluence area..

See how it goes later.

Understanding and Managing Risk

Knowing how to analyze and select pairs is only half of the battle.
How much of each should be in your portfolio?
The key to all asset allocation models is risk.
What is "risk'?
Risk is the measurement of how willing you are to see the value of your investments decrease in the near term, even while you know the chances are that they will increase over the long term.

The right trading for you depends on many things, but the two most important factors are:

1. Your time horizon
2. Your aversion to risk

if you have trouble sleeping at night because you're trading in Fx, you should probably go for the lower risk investments.

Regards,

Monokl

know when to sell even before you buy

When the break takes place and breaks resistance/support from there how many pips before you enter the trade

BOJ's Kuroda sounds more positive on prices, yen hits four-month high http://www.reuters.com/article/us-ja...-idUSKBN1F401Z

Dear harlanroger,

very much depends on your entry timeframe.

if like H1 tf is your entry, advisable around 20-30pips.

H4 tf, max 50pips.

more than that, I am not interested to make any position. rather to be safe, than risk more. (my opinion only)

hope can help you...

https://www.reuters.com/article/us-g...-idUSKBN1F60CH

terrible news for bitcoin..

cryto currency still facing alot of pressure from all the government

EURUSD

After a long bull running, the bull looks like taking rest.

Price stalling in between 1.20-1.30 (100pips range).

we have to wait major news announcement --whether it will make retracement or reversal.

Eurozone inflation dips in December

Eurozone inflation fell further from the ECB's target in December, rising at an annual pace of 1.4%, from 1.5% the previous month.


The report from Eurostat confirmed an earlier "flash estimate" and saw the euro drop 0.4% to $1.2215.

Meanwhile, Germany's central bank chief said today it would be "appropriate" for ECB to stop its bond buying this year in an interview with Frankfurter Allgemeine Zeitung.


the inflation is not yet achieve but the GDP is strong, don't forget ECB still have major problem about the Effective Exchange Rate very high..
Brexit issue still indecision....talking more than action.
Awaiting the German buba president Weimann giving speech tomorrow- could the EURO make retracement? afterall, it already make strong uptrend since last week.

In short this will gradually make retracement for Euro. (just my opinion)

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity. However, uncertainty surrounding the future of the North American Free Trade Agreement (NAFTA) is clouding the economic outlook.

not so surprise since the consensus is remain 1.25.
NAFTA issue still not yet coming to any bright solution.if you see their statement, it is quite dovish.

CAD across all currency is in down mode. Market already know that all this factor will drag down

" "..hi ,Monokl, do you trade these indices, is their spread ? swaps not on the heavy side.

LONDON - Bitcoin dropped below $10,000 on Wednesday, almost 50% below its December peak, as the cryptocurrency market entered the second day of a major sell-off.

terrible news!

From the point of investing, this is very good opportunity to buy it back with lower price.

watching the sentiment closely for who want to invest it.

I personally more more trust to bitcoin rather than the rest crypto currency.

Great opportunity for GBP pairs especially GBPJPY N GBPNZD.

Waiting for London session.

Trade safe n wisely

Employing simple entry strategy

EU showing head and shoulders at H1 tf.

I will short it Soon later

Expected to What happen later?

GBPCHF

test to long it