London Open

Jan 8, 2020

• US NONFARM PAYROLLS • UK GOVERNMENT BACK EU DEAL • US HOUSE VOTES ON WAR POWERS Traders will be waiting for today’s employment data, due an hour before the US open. US Non-Farm Payrolls are expected in at 165K down from November’s reading of 266K. The US ADP...

MARKET WRAP

Dec 20, 2019

• EURO DECLINES • CANADIAN RETAIL SALES DISSAPOINT • US CORE PCE & GDP IN LINE WITH EXPECTATIONS A couple of big moves came today with the EURUSD dropping from the weekly/daily pivot resistance level of 1.1120, on the back of the UK House of Commons voting on PM...

LONDON OPEN

Dec 18, 2019

• CABLE RETRACES ALL OF THE ELECTION MOVE • US EQUITIES AT ALL TIME HIGHS • US INCREASED SPENDING TO AVOID GOVT. SHUTDOWN ECB President Christine Lagarde is first up today. It follows her first speech last week that caught some market participants off guard. The Euro...

LONDON OPEN

Dec 17, 2019

• CABLE TOUCHES PRE-ELECTION LEVELS • A MIXED UK JOBS REPORT FAILS TO PROVIDE RELIEF • EUROPEAN EXPORTS RISE • CANADA MANUFACTURING SALES DISAPPOINT Robust US economic data was the main theme of today. US Job Openings, Industrial Production, Housing Starts and...

Brexit: Opposition MPs agree strategy to block no deal

Aug 27, 2019

Opposition MPs say they have agreed to try to block a no-deal Brexit by passing legislation in Parliament. A meeting between those opposed to no deal was called by Jeremy Corbyn. A joint statement afterwards did not detail how or when legislative attempts would be...

Part 4: Smart Ways for FX Traders to Avoid Losing Money

Aug 21, 2016

Check out Part 1 Here, Part 2 Here, and Part 3 Here. Too Many Indicators If you have read any of my previous articles here on LinkedIn then you may have noticed that I poke at technical analysis a bit because I personally have found success day trading the...

Part 3: Smart Ways for FX Traders to Avoid Losing Money

Aug 14, 2016

Check out Part 1 Here and Part 2 Here. Lack of Courage to Take a Loss There is nothing macho or gutsy about riding a loss, just stupidity and cowardice. It takes guts and intelligence to accept your loss and wait for the right opportunity to try again. It also...

Part 2: Smart Ways for FX Traders to Avoid Losing Money

Aug 7, 2016

If you missed part 1 you can read it Here. No Trading Plan “Make money” does not constitute an intelligent trading plan. A trading plan is a map that clearly outlines how you are going to be successful. It spells out what your edge is and should be understandable...

Recency Bias Solutions for Traders

Aug 4, 2016

This article is a follow up to my previous article Recency Bias and Why it can Kill Traders. In this article I will offer some helpful solutions that I have seen work for many traders. The first step in fixing a recency bias is simply having an understanding that it...

Part 1: Smart Ways for FX Traders to Avoid Losing Money

Jul 28, 2016

This is the first part in a 4 part series of smart ways for FX traders to avoid losing money. None of the following will be earth shattering to traders that have been around for any length of time. This is simply some ideas that I have seen to be particularly true...

Thoughts on Trading for a Living – Approach and Emotion

Jul 25, 2016

Trading the financial markets for a living is one of the most difficult tasks for any person to embark upon. We’ve all heard the stories about people making millions from nothing. However, for every one rags to riches story there are hundreds of stories about people...

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