Talking Points: - In this webinar, we used price action with simple macro-economic analysis to look for trade setups ...
Talking Points:
- In this webinar, we used price action with simple macro-economic analysis to look for trade setups for the coming week, which will bring a G-20 meeting along with the open of a new month and Non-Farm Payrolls next Friday.
- We began with a focus on the British Pound, which is finally seeing some element of strength after a brutal 2-month pattern of weakness. And while that down-trend is really attractive with the prospect of revisiting the 30-year low at 1.3500, traders need to exercise caution and prudence with entries. This article goes over the current setup that I’m watching in GBP/USD, and in the video we go over that with more length.
- We also looked at GBP/JPY, and this is exciting from a macro perspective because of the prospect of meshing up a weak Sterling with what has been an exuberantly strong Yen. The Yen could continue to see safe-haven flows on the back of risk aversion, and this theme meshes nicely with continued GBP-weakness on the prospect of a Brexit. The difficult part here is entry, and we outlined a few levels to look at getting short in the pair.
- We also looked at continued resistance in equities and whether or not we may be on the cusp of another move lower. It’s still too early to tell, but signs of risk aversion still exist and attractive short-side entries can be had given near-by resistance. But be careful with obvious levels of resistance because you’re likely not the only one seeing it!
- We also devoted a large portion of the discussion to risk management and stop placement. When there is a really strong or confluent level of support/resistance that is likely being seen by many market participants, the probability of a false break, or a head-fake is very high. Traders can attempt to offset this by ‘nesting’ their stop above (for shorts) or below (for longs) that very obvious price level.
--- Written by James Stanley, Analyst for DailyFX.com
To receive James Stanley’s analysis directly via email, please SIGN UP HERE
- In this webinar, we used price action with simple macro-economic analysis to look for trade setups for the coming week, which will bring a G-20 meeting along with the open of a new month and Non-Farm Payrolls next Friday.
- We began with a focus on the British Pound, which is finally seeing some element of strength after a brutal 2-month pattern of weakness. And while that down-trend is really attractive with the prospect of revisiting the 30-year low at 1.3500, traders need to exercise caution and prudence with entries. This article goes over the current setup that I’m watching in GBP/USD, and in the video we go over that with more length.
- We also looked at GBP/JPY, and this is exciting from a macro perspective because of the prospect of meshing up a weak Sterling with what has been an exuberantly strong Yen. The Yen could continue to see safe-haven flows on the back of risk aversion, and this theme meshes nicely with continued GBP-weakness on the prospect of a Brexit. The difficult part here is entry, and we outlined a few levels to look at getting short in the pair.
- We also looked at continued resistance in equities and whether or not we may be on the cusp of another move lower. It’s still too early to tell, but signs of risk aversion still exist and attractive short-side entries can be had given near-by resistance. But be careful with obvious levels of resistance because you’re likely not the only one seeing it!
- We also devoted a large portion of the discussion to risk management and stop placement. When there is a really strong or confluent level of support/resistance that is likely being seen by many market participants, the probability of a false break, or a head-fake is very high. Traders can attempt to offset this by ‘nesting’ their stop above (for shorts) or below (for longs) that very obvious price level.
--- Written by James Stanley, Analyst for DailyFX.com
To receive James Stanley’s analysis directly via email, please SIGN UP HERE
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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