🔥 Key Reminder: Risk management is the foundation of sustainable trading.
💬 What’s your approach to position sizing? Drop your thoughts below! 👇
🔥 Key Reminder: Risk management is the foundation of sustainable trading.
💬 What’s your approach to position sizing? Drop your thoughts below! 👇
Update on GBPCHF SWING SELL http://dlvr.it/TK14vV #GBPCHF #ForexTrading #SwingTrading #TradingUpdate #CurrencyMarket
Market Bounce Likely – My longer-term outlook is still bearish, but a bounce is coming.
This Bounce Needs To Hold – This morning the market is gapping higher from a deep sell-off yesterday.
Market Should Bounce – After a big decline and multiple tests of support the market should be able to bounce on good inflation numbers.
Inflation Subsides – Watch This Bounce – The market needed some good news to stop the bleeding and it got it today.
No Market Bounce Until This – The market has fallen hard and fast. We need to establish a hard low early in the day.
Sellers Are In Control – The market tested the 200-day MA and the bounce Friday was wimpy.
Bulletin: https://buff.ly/CWu5qVk
Job Growth Better Than Feared – Today we’ll see if the number was good enough to excite buyers at a major support level.
The ECB Is Concerned – This morning the ECB cut rates by 25 basis points. They are “meaningfully less restrictive”.
Bulletin: https://buff.ly/OAyWRHP
Fewer Jobs – More Bad News – The bad news is mounting and the 200-day MA is within striking distance.
Bulletin: https://buff.ly/blYZP8f
Bounce… But Not Too High – The market is going to bounce from a deeply oversold condition. From a bearish standpoint, we want this bounce to hit heavy resistance around SPY $600.
Bulletin: https://buff.ly/255URnJ
There’s the Market Breakdown! – The warning signs have been building and sellers are taking control.
Bulletin: https://buff.ly/4biTkX7
Market Takes Another Body Blow – Yesterday we saw more signs of selling pressure.
Bulletin: https://buff.ly/4hZjQYa
Watch For A Wimpy Bounce – The market found support at the 100-day MA. If the bounce is brief and shallow, get ready to buy puts.
Bulletin: https://buff.ly/3CYCXSW
A Short Is Setting Up – The bounce needs to be wimpy and we want to preserve most of the losses from Friday.
Bulletin: https://buff.ly/3QzWBI8
We Want A Wimpy Market Bounce – If the market can’t recover half of Friday’s losses in the next day or two, it will breach the 50-day MA and test the 100-day MA.
Bulletin: https://buff.ly/4kgkWjx
Waiting Is the Hardest Part – The market has been trapped in a range for over three months and there is no catalyst in sight.
Bulletin: https://buff.ly/3Derv5s
That Didn’t Feel Like A New High – Yesterday the S&P 500 closed at a new all-time high on very light volume.
Bulletin: https://buff.ly/3X8Qyh8