The FTSE 100 has been trading within a well-defined range for more than 8 months. This range has created some fantastic trading opportunities at the extremes of the range, buying reversal patterns at support and selling reversal patterns at resistance.
However, just as ‘the trend is your friend until the bend in the end’, the range is your friend until it breaks...
With Bitcoin breaking to all-time highs this week, the spotlight is shining the world’s largest cryptocurrency platform: Coinbase.
Bitcoin's Surge Propels Coinbase Despite Platform Hiccups
In the midst of Bitcoin's impressive third bull run, cryptocurrency trading platform Coinbase is experiencing both highs and challenges.
Bitcoin's ascent to over $1...
Title bar: Trade the News: Part 2 - Forex
Content:
Welcome back to our two-part series designed on how to harness the additional volume and volatility that news breaths into the market.
In part 1 we unveiled a 3-step template for trading scheduled newsflow effectively in the stock market, in part 2, we delve into the 24-hour world of forex trading.
A News...
Trading newsflow isn't an exclusive privilege reserved for professional traders with access to extensive teams of analysts.
With a bit of preparation and a dose of discipline, any trader can tap into the added volume and volatility that news injects into the market.
In this two-part series, we present a 3-step template for trading scheduled news events in both...
USD/CHF Daily Candle Chart: Inside Day Follows Bullish Hammer
USD/CHF has been carving out a bullish series of higher swing lows since the turn of the year – creating an upward sloping trendline on the daily candle chart.
Having surged higher earlier in the month, price action during the last week has seen USD/CHF retrace and consolidate within a series of...
In early-January we published a Breakout Alert highlighting Nvidia’s breakout from a long-term consolidation phase. Nearly two months on, the shares have surged 59% and we’re now left asking, can Nvidia go higher?
Nvidia’s Quarterly Numbers: A “tipping point” in the AI Revolution
Last week’s colossal quarterly update from Nvidia represents a self-proclaimed...
Welcome back to "Mind Over Markets," a series designed to give you some practical tips to help you deal with the psychological stresses of trading.
In Part 1, we explored the concept of "asymmetric payoffs," emphasising the potential benefits of small routine changes. Part 2 encouraged us to "Think Big," urging a shift towards considering trades within the...
Arm Holdings (ARM): Decoding the Recent Surge
The recent exponential surge in the share price of chip maker Arm underscores the fevered speculation gripping the AI sector. Arm, despite not being directly involved in AI, has become a focal point of attention due to its strategic moves in diversification, particularly in markets like automotive, and the sale of...
GBP/JPY’s recent price action has formed a bullish Break & Retest pattern – an underrated pattern which represents a structured way to navigate breakouts.
Here’s the three key components of GBP/JPY’s Break & Retest pattern:
1. The Breakout: On Tuesday, GBP/JPY made a decisive move higher, breaking above a significant resistance level.
2. The Retest: ...
Welcome back to "Mind Over Markets," where we delve into the intricacies of trading psychology. In Part 1, we explored the concept of asymmetric payoffs. Now, in Part 2: Think Big, we unravel the impact of the often-overlooked cognitive bias – the Law of Small Numbers – and how mastering it can turn fear and greed in your favour, urging you to think in large...
With US inflation data hitting our screens this afternoon and European GDP scheduled for release tomorrow, let's delve into the technical outlook for EUR/USD leading up to these pivotal data releases.
EUR/USD Key Data Releases
Tuesday 13th Feb 13:30 (GMT): US Consumer Price Index ex Food & Energy (YoY)(Jan)
Tuesday 13th Feb 13:30 (GMT): US Consumer...
FTSE Respects Fib Levels Within Long-Term Range
The FTSE 100 has been locked in a well-defined trading range since last summer. The market has failed to break above the resistance zone on multiple occasions and we have also seen several swift bounces from the support zone (see chart below).
Within the context of this long-term trading range, we can use key...
Mind Over Markets Part 1: Asymmetric Payoffs
Welcome to "Mind Over Markets," a three-part miniseries designed to give you some practical tips to help you deal with the psychological stresses of trading.
In this first instalment, we explore the concept of "asymmetric payoffs" within the realm of trading psychology – a notion that suggests making small,...
As China ushers in the Year of the Wood Dragon this weekend, government-backed initiatives are breathing life into the country's struggling stock market.
The Fall: A Crisis of Confidence
In the lead-up to the Chinese New Year, Chinese stocks faced significant headwinds, prompting a decline that wiped out nearly $2 trillion in market value. Several factors...
US Job Growth Soars, Dashes Rate Cut Hopes
The unexpectedly strong non-farm payrolls data released on Friday has reignited a rally in the US dollar for several reasons. The robust job growth of 353,000 in January, nearly double the expected figure, has instilled confidence in the strength of the US economy.
Positive Economic Outlook: The impressive job...
In the final part of our Indicator Insights series, we explore Keltner Channels , particularly their application in identifying mean reversion opportunities known as 'snapbacks.' We reveal modified Keltner Channel settings that can help active day traders identify short-term turning points, we look at the advantages of this approach, and run through several...
Trading Update Creates Catalyst for Breakout
easyJet released a market-beating trading update last week which has created the catalyst required for a major breakout.
The trading update, covering the quarter ended 31st Dec 2023, painted a positive picture of easyJet's financial performance and outlook. Despite facing headwinds from the conflict in the Middle...
Oil Jumps as US Military Base in Jordan Attacked
The Middle East powder keg came into sharp focus again this weekend following a drone attack by Iran-backed militants on a US military base in Jordan. President Joe Biden reported three service members were killed in the attack.
These casualties mark the first time US troops have been killed in an attack in the...
