After reaching an all time high of 36919 at the start of the year the Dow has been trending lower. The 9 ema trades below the 18 ema and the RSI is bearish suggesting that there could be more losses. The price has rebounded off the 2022 low of 33145 reached yesterday and is consolidating …
U.S. stocks fell Tuesday as market volatility continued after the major indexes on Monday notched one of the biggest comebacks in history. The Dow Jones Industrial Average lost about 300 points, or 0.9%. The S&P 500 dropped 1.4%, while The Nasdaq Composite fell 1.7%.
“Proper risk management is worth more than you think” Heres the first funded trader interview from thefundedtrader. Highest payout in prop firm history and we just need to see how this magnificent feat was achieved. You need to know too. Follow his journey on the article below. “Backtesting your strategies the only way to learn …
“Proper risk management is worth more than you think” Read More »
USD/JPY falls in risk off trade USD/JPY is heading lower for a third straight session. Risk off trade is boosting demand for the safe haven yen in addition to a tick higher in Japanese inflation to 0.8% YoY in December, up from 0.6%. The minutes from the latest BoJ meeting also showed that policymakers saw …
The oil shakeout begins WTI’s rally up to (and beyond) the October high was nothing short of impressive this week. We expected a bit more resistance around $85 than we saw but after a few false attempts at cracking $85.50 bulls seemingly closed out to book profits. Yet a momentum shift suggests fresh shorts have …
European Open: Risk-off extends its reach to Asia, gold to shine? Read More »
This could be something you’ve never heard of before ?♂️. There are certain key levels in the market that your mind unconsciously gets drawn to, when you think of picking your levels, maybe for stop losses, take profits, spending orders and even entries. You don’t know this but a lot of traders think of these …
Learn forex: Leveraging psychological Levels as a Trading Tool Read More »
