After adding fresh 24K shorts two weeks ago, speculators took some profits last week. They covered 4.5K long positions and only 1.5K shorts. They were 102K new short. This is yet another consecutive week with higher net positions in this market. Historically, we are looking at 120K as an ultimate low. There is still some room for more shorts but at this point EUR market is getting seriously oversold
Author: Roman Sadowski
I truly believe the journey to profitability and freedom is a function of hard work, commitment, persistence and boring routines
There is no magic to trading. I believe in making calm rational decisions what, when and how to trade based on a decade of intense learning.
Visit us at Humble Traders
C.O.T Report – Week 13. No signs of GBP shorts despite Brexit saga
No much change to the bullish sentiment has been present in this market in the last few weeks. Speculators added 5.7K new longs and 7.1K new shorts to their portfolios. They were 10K new short, slightly changed from being 8.5K in the previous week. This is treated as bullish to me as the speculative positions are trending above 33 weeks moving averages. GBP will surprise the market to the upside, watch it!
8 most Important Features of a Winning Trading Strategy
Make sure that the trading strategy yields a smooth equity curve, agrees with your personality and generates consistent results with reasonable returns. You should also make sure that the number and size of winners generated by the trading system exceed the number and size of losers. By so doing, you will assure yourself of longevity in the markets.
What are Forex Signals and how to use them to your advantage
Opinion is split on this matter with some in favour of using trading signals, some in disfavour of such a move while others are stuck in the valley of indecision unable to decide for or against using forex market signals.
It is my hope that by the time you are done reading this article, all your questions concerning this subject will be answered. This guide covers the following sections:
What are forex signals? How do they work? How can they help traders? How can you choose them wisely? Why traders decide to use forex trading signals? What should you avoid?
How to make 16% return in 1 month. 6 powerful lessons
Trading is a game of the mind and the statistics. You need to be confident that your strategy makes money. And this confidence lies in the numbers. If the numbers back up your approach in the long term, you will gain more confidence in what you are doing. This in turn, will make the trading a routine less exposed to biases and doubts
Understanding Leverage in Forex – The Ultimate Guide
Leverage is a two-edged sword! I believe that by now you must have come across this statement. If not, let me be the first to tell you that the statement is true and you will do yourself a great deal of favour by taking time to let this truth sink in.
Swing Trading. The ultimate guide for Forex Trader
Swing trading DOES NOT mean entering a trade then swinging on a rope like Tarzan, it is more intricate than that.
Swing Trading is one of the three main trading styles available to traders.
New traders coming to the markets are often misled into thinking that day trading is the surest way to make money in forex.
This is far from the truth. Matter of fact, day trading often can easily lead to a trading disaster for an un-experienced trader.
Although this article advocates for swing trading, let me tell you upfront that swing trading is not for everyone.
Your aptitude, patience levels and personality must match the demands of this trading style
How Speculators collapsed USDJPY
Risk sentiment has been on and off during the last few months and the FX market was difficult to trade.
Commitments of Traders analysis gave few signals in 2017. The reports were delayed few times due to Federal Holiday and the data came out too late, especially in December. Nevertheless
There was one signal worth attention, which confirms once again how powerful C.O.T data is.
Few Things About Smart Risk Management Every Forex Trader Should Know
This is a quick introduction to risk and money management for forex traders.
The point to drive home from this lesson is; You need to pat pay a lot of attention to your money and the way you treat it when trading.
Learn about odds, expectancy and other important statistics. It does matter because when people first come to trading and in particular Forex the first thing they do is to find the fanciest trading system they can.
The thinking goes if they can just find the latest and greatest system – all their dreams will come true and the millions will come rolling in.
Common Misconceptions in Forex
We all get into trading Forex Exchange Market, wanting to be that guy who beats the market into submission with our own bare hands, and comes out smiling from ear to ear with a huge account balance!
The guy who drives a Ferrari while only having to work for 30 minutes a day!
That one in a million-success story! Sadly, It is not that easy to trade Forex for a living.
The industry is awash with tons of misconceptions and if you want to make it, you must learn how to distinguish between proven facts and half-truths.
Here are few most common, widely spread common misconceptions