Skip to Content
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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Breaking news

NFP prints at 339k vs estimates of 190k, ave earnings in line at 0.3% MoM

Strategy Video: Measuring Your Own Conviction to Select Trades

Strategy Video: Measuring Your Own Conviction to Select Trades

John Kicklighter,

Talking Points:

  • Trade setups are always a probability - never a certainty - so finding the best terms is the key objective
  • I look for a strong combination of technicals, fundamentals and market conditions to seek strong setups
  • A strong combination offers what I call 'obnoxiously obvious' conditions, weaker 'subtle' setups are transitioning

Having trouble trading in the FX markets? This may be why.

There is a clear difference between a trade setup that you consider so obvious you cannot avoid it and one where the circumstances are so subtle as to make it dubious. Yet, where in this range are conditions strong enough to justify a trade? One of the best methods for whittling down strong trade opportunities in my book is finding those setups where you thorough analysis simply cannot come to a scenario where it will falter. That puts us in a mind frame where we recognize that there are no 'sure things'. There is always a probability that a trade will go against us, whether small or large; and that chance is often larger than we appreciate. After considering your own cutoff for actionable conditions, it is worth considering what would represent a checklist for a 'complete' opportunity. I look for trades that meet technical, fundamental and 'market condition' requirements. In this weekend Strategy Video, I walk through the process on setups from both the high water market (EURUSD, USDJPY) to those that are moving through the list to warrant action (CADJPY, GBPNZD and EURGBP).

To receive John’s analysis directly via email, please SIGN UP HERE

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.