Breakout London Timeframe

CANADA/OIl

Looking ahead, OPEC and some non-OPEC oil-producing countries have agreed to cut output over the first half of 2019 to help offset some of the supply increases.

good news!

EURO

Euro area growth has disappointed Growth in the euro area was weaker in the third quarter of 2018 than expected. The auto sector played a key role in the weakness because automakers were adjusting to new emission standards.
Recent survey data indicate a broader softening in both services and manufacturing activity, suggesting that trade policy uncertainty and geopolitical tensions are starting to have a negative impact on the economy.
Consumer confidence has fallen in the face of fiscal challenges in Italy, renewed uncertainty about Brexit and social unrest in France. The labour market has nonetheless continued to improve, as reflected by rising wage growth. The Bank expects the euro area economy to grow at a rate just above potential output growth over the projection horizon, supported in part by solid foreign demand and low oil prices. Core inflation remains subdued and is anticipated to rise only gradually.

Opportunity come us! Don't wait!
Join the train

You are the best
Can we open up telegram where we can have group discuss and monitor trade based on your strategy.

This is the best strategy in Forex
It is a hidden treasure as far as I am concerned.

I will just focus on your strategy
It is the best

FOR SHARING ONLY:

Whether you are trading forex, equities or futures, there are 10 trading rules that successful traders should live by

1. Limit your losses
2. Let your profits run
3. Keep position sizes within reason
4. Know your risk-reward ratio
5. Be adequately capitalized
6. Don't fight the trend
7. Never add to losing positions.
8. Know market expectations
9. Learn from your mistakes-keep a trading journal
10. Stick your system

this is the main theme at this moment.

Monitor the progress carefully

Market Roundup

• Trump eyes emergency powers to pay for border wall, end shutdown.

• Trump says U.S. is having tremendous success with China on trade.

• Powell says Fed can be patient as U.S. economy evolves in 2019.

• Fed's policy stance too hawkish, rate rises should stop –Bullard.

• Fed is at the 'end of the road' on rate hikes, Bullard says.

• Government shutdown hikes uncertainty over rates, economy -Fed's Barkin.

• ECB to debate new cheap loans in "fragile and fluid" context –minutes.

• ECB must keep options open in face of risks – Villeroy.

• US 5 Jan, w/e Initial Jobless Claims, 216k, 225k forecast, 231k previous 233k revised.

• US 5 Jan, w/e Jobless Claims 4-Wk Avg, 221.75k, 218.75k previous, 219.25k revised

• US 29 Dec, w/e Continued Jobless Claims, 1.722 mln, 1.714 mln forecast, 1.740 mln previous, 1.750 mln forecast.

• CA Nov Building Permits MM, 2.6%, -0.5% forecast, -0.2% previous, -0.4% revised

• CA Nov New Housing Price Index, 0.0%, 0.0% forecast, 0.0% previous

• Argentina's peso firms after central bank buys $20 mln

Looking Ahead - Economic Data (GMT)

• 10 Jan 21:30 Australia Dec AIG Construction Index, 44.5 previous

• 10 Jan 21:45 New Zealand Nov Building Consents, 1.5% previous

• 10 Jan 23:30 Japan All Household Spending YY, -0.1% forecast, -0.3% previous

• 10 Jan 23:30 Japan Nov All Household Spending MM, 0.2% forecast, 1.8% previous

• 10 Jan 23:50 Japan Dec Bank Lending YY, 2.1% previous

• 10 Jan 23:50 Japan Nov Current Account NSA JPY, 567.6 bln forecast, 1,309.9 bln previous

• 11 Jan 05:00 Japan Dec Economy Watchers Poll SA, 51.0 previous

Looking Ahead - Events, Other Releases (GMT)

• 00:00 Fed’s Richard Clarida speaks to Money Marketeers of New York University New York

• 08:20 ECB’s Yves Mersch speaks at an event organized by National Bank of Slovakia in Bratislava
Currency Summaries

USDCAD

Bear still control the whole situation.

how about Usd strength?

GBPUSD

Get ready to long it for coming USD CPI

Catastrophic losses have wiped out or demoralized many traders, and
are often the result of a trader’s two deadliest enemies:

1. Overtrading: Trading with too large a position size for your account,
trading with any position size or strategy that you are uncomfortable
with and may cause you to panic, or in extreme cases, trading with gigantic
size relative to the liquidity of an instrument. If you can’t sleep
at night because of a position, or find yourself constantly glued to the
computer screen or missing meals, you should reduce your position
size until you are comfortable. Then work on planning your trades to
prevent a similar level of discomfort with your positions in the future.

2. Trading without a plan: Losses in the market can come rapidly and unexpectedly,
and if you have not planned your course of action in advance,
you run the risk of being steamrolled or freezing up like a deer
in the headlights. Liquidity might dry up, or terrible news might be released,
sending a stock into a tailspin. Be ready to react to as many
situations as possible in advance, so that you can honestly be able to
tell yourself afterward that you did the right thing.

my trade plan for tomorrow on GBPUSD
this pair have made more than 100 candle on consolidation area, that make me really want involve into it.

about 100 candles on H1 in consolidation area on EURJPY

GBPUSD

Already in this pair!

Spike today

hi killy11,

yup, you are right!

GBPUSD

Good to blast up

EURO

Industrial production in the Euro Area fell 1.7 percent month-over-month in November of 2018, following a downwardly revised 0.1 percent gain in October and worse than market expectations of a 1.5 percent drop. It is the biggest decline in industrial output since February of 2016, amid declines in all segments: intermediate goods (-1.2 percent vs 0.1 percent in October); capital goods (-2.3 percent vs 0.7 percent); durables (-1.7 percent vs 0.5 percent); non-durables (-1 percent vs -0.1 percent) and energy (-0.6 percent vs -1.4 percent). Year-on-year, industrial output went down 3.3 percent. Industrial Production Mom in the Euro Area averaged 0.08 percent from 1990 until 2018, reaching an all time high of 3.30 percent in January of 2016 and a record low of -3.90 percent in November of 2008

from the data we have, what do we expect coming GDP?

STRONG or WEAK?

posted after close position for GBPUSD, only using a simple breakout

Take the following steps to get started trading what is in-front of you and you will be well on the way to ruling your Forex realm.

1. Stop trading when you don’t know what’s going on
2. Come up with at least 3 new rules for exiting your trade after you have entered
3. Define the market type before you trade.

hi Killy11,

green pips to you!

NEW YORK (Reuters) - A contraction in Chinese exports engendered fears of a slowdown in the world's second-largest economy, sparking a risk-off move Monday which hurt the U.S. dollar against the Japanese yen, a safe-haven investment in times of geopolitical turmoil.
Market sentiment swung negative after data showed that China's exports unexpectedly fell in December, pointing to a further weakening of its economy and a gloomy growth picture.

"We did see a move lower in dollar/yen overnight that has held through the American session," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets. The yen JPY= was last up 0.3 percent against the greenback.

Fears of a Chinese slowdown also initially hit the offshore yuan CNH=, but it was little changed on the day as of late afternoon Monday. The currency had rallied 1.5 percent against the dollar last week, its biggest weekly rise since January 2017. The rally reflected optimism in the progress of U.S.-China trade talks, though it was somewhat incongruent with recent sluggishness in China's economy.

"The biggest theme (in the market today) is 'risk-off.' The soft Chinese data sparked the sell-off and benefited the Japanese yen and at the cost of the Australian dollar," said John Doyle, vice president of dealing and trading at Tempus, Inc. China is Australia's largest trade partner and negative sentiment about its economy bodes ill for the Aussie dollar.