News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Lumber futures prices have dropped by ~26% since the intraday top was put in on May 10th: https://t.co/vaxxzgCJKO
  • #Oil Price Forecast: #Crude Oil Rally at Risk as $WTI Stalls at Resistance - https://t.co/lgkgcbZgzA https://t.co/klteO83uTv
  • Fed's Quarles: The economy is recovering, but is not yet fully recovered
  • DXY Index now trades in the red year-to-date after falling -4% from its March peak. Get your market update from @RichDvorakFX here:https://t.co/YUrLlpigpj https://t.co/Xn0CuFBcJo
  • Banxico's Espinosa: - Economic recovery may require changes to monetary policy - Banxico may have to raise rates before the Fed
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.22% Gold: 0.14% Oil - US Crude: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/jnRaW8xnCg
  • Following President Biden's words on renewable energy, EV stocks push higher EV Stocks: $TSLA 584.66 +1.37% $FSR 12.5 +11.32% $NIO 34.48 +1.95% $NKLA 13.92 +7.41%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.94%, while traders in EUR/USD are at opposite extremes with 71.17%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wSWdSw9NMi
  • WTI crude oil price action has been quite volatile today around Iran nuclear deal talks. The commodity is currently down -1.2% on the session after falling as much as -4.3% from intraday highs. #OOTT $CL_F $USO https://t.co/IPeHsxVYO8
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: -0.14% FTSE 100: -0.17% Wall Street: -0.21% Germany 30: -0.22% France 40: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/7ak6BIkvMw
Foundations of Technical Analysis: Trading Event Risk

Foundations of Technical Analysis: Trading Event Risk

Michael Boutros, Strategist

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.

Topics discussed:

  • Trading Event Risk – Review of today’s post-NFP price action
  • Approaching the ‘turn’
  • Fade / Exhaustion trades
  • The multi-timeframe approach
  • Q&A Session

New to Forex? Get started with this Free Beginners Guide

A review of the latest AUD/USD & AUD/JPY setups published earlier this week highlight live examples of how we utilize our technical approach to translate an idea into an actionable trade.

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 ourFree DailyFX Trading Guides!

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com 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.

DISCLOSURES