Goal setting Having something to strive for should be an essential part of your trading plan. It is how we develop and ultimately progress. Goal setting is a component that should not only focus on financial objectives; it should also look at developmental goals as well. Some examples of developmental goals might be: Sticking to … Continue reading How to Build a Trading Plan: Part Four
Trading strategies As you can probably imagine, trading strategies vary according to the individual trader. Despite the differences, each trading plan should display clearly defined rules of engagement for both entry and exit signals. A setup is essentially a repetitive ‘pattern’ that provides a high-probability signal to trade the market. Whilst we recommend noting each … Continue reading How to build a Trading plan: Part Three
US dollar index: Since the dollar shook hands with monthly support at 92.29, the unit has remained bid. Not only does this level stretch as far back as 1998, it is bolstered by a strong-looking Fibonacci support cluster seen between 91.19/91.99. A violation of this level would likely place monthly support at 88.52 (converges with … Continue reading October 2017: Major Markets Technical Overview
Global Markets: Asian stock markets: Nikkei up 0.45 %, Shanghai Composite lost 0.51 %, Hang Seng dropped 0.30 %, ASX 200 climbed 0.10% Commodities: Gold at $1279.88 (-0.02 %), Silver at $16.96 (-0.10 %), WTI Oil at $51.99 (-0.18 %), Brent Oil at $58.14 (-0.23 %) Rates: US 10-year yield at 2.34, UK 10-year yield … Continue reading Thursday 19th October: European Open Briefing
Waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. It takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master the rhythm so to speak, you will be … Continue reading Thursday 19th October: Technical outlook and review
