Foundations of Technical Analysis: Trading Event Risk
See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings.
Foundation of Technical Analysis: Building a Trading Strategy- Check out the complete series and webinar archives
Trading Event Risk
In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we discuss how we approach the markets during times of major event risk. Should this really change the way we trade? Not necessarily- while these times can often fuel massive surges in volatility, price action will always be our guide. Depending on the setup and where price is with respect to trend, the event can offer exits on existing trades OR fresh entries for new opportunities.
A review of price action in the aftermath of today’s U.S. Non-Farm Payroll report (NFP) shows how these events can offer opportunities within the confines of a given setup. Adjusting trade size is always important and being mindful of your exposure is paramount during these times of excess volatility- but let price be your guide.
- Trading Event Risk – Review of today’s post-NFP price action
- Approaching the ‘turn’
- Fade / Exhaustion trades
- The multi-timeframe approach
- Q&A Session
- AUD/USD Technical Outlook: Price Reversal to Gather Pace
- AUD/JPY Price Analysis: Yearly Low Exposed After Early-March Reversal
Join us for the next Foundations of Technical Analysis Q&A webinar where we’ll take the entire session to answer your questions on trading. Register Now!
Why does the average trader lose? Avoid these Mistakes in your trading
Want more information on technical analysis and trading strategies? Check out our Free DailyFX Trading Guides!
---Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michaelon Twitter @MBForex contact him at firstname.lastname@example.org or Click Here to be added to his email distribution list.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.