Trade With Precision Newsletter - Forex

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Simon Clarke - This Week's Markets to Watch

It’s essential to approach any professional business with a good plan; in the markets Traders call their plan a Trading Strategy.  A strategy is a set of rules that gives them an edge over a number of trades, tipping the odds in their favour of a positive outcome. 

In this week’s newsletter Simon Clarke discusses some of the markets he’s stalking for potential trading opportunities right now. He talks through the time frames demonstrating the technical analysis that complies with his trading strategies, explaining why he likes these particular set ups.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

Charts of Interest: EURUSD & NZDJPY

Well we are approaching the end of the week, however there’s still plenty of trading left to be done. The markets have shown some really nice looking charts this week and we thought we would take you through two that are of interest.  

GBPCAD – At a Key Level

Support and Resistance levels can be used as a key element to any trading strategy. They give us a precise area to look for trading opportunities around and visually they are easy to locate.  

AUDNZD Hunting Parity

Kiwis and Aussies have always shared a close bond being neighbors and all and there has always been a competitive rivalry between the two countries. One thing the Aussies have always had over the Kiwis is that their Dollar has been worth more. However, history may be set to change in the coming days and weeks as AUDNZD is getting mighty close to parity.

Adapting Your Trading to Market Conditions

This is probably a more advanced article in relation to trading content as to be able to read market conditions and compare them with previous market conditions you need to have gained a certain level of experience in the markets. However, regardless of the level of experience you have in the markets this article will aim to make you aware that the market does go through different conditions and as traders we need to learn how to adapt our trading to the conditions we find ourselves in.

Pride and Parity. Which will be first? Which will take a fall?

With the Cricket World Cup nearing the quarterfinals and the Aussie and NZ dollar with only 4 cents apart, it is hard not to come up once again with sporting and trading metaphors.  It is after all a TWP speciality!  

Flawless Execution - GBPUSD Trade Review

Flawless Execution is a word we use at Trade with Precision allot. Simply put, flawless execution is executing your strategy perfectly according to all of your trading strategy rules without making any errors along the way. If you can flawlessly execute each and every single trade that sets up according to your rules then you should come out ahead after a given number of trades. Using an example from a trade which setup this week on GBPUSD, we will take a deeper look into how we can achieve flawless execution in our own trading.

This Week's Markets to Watch

One of the key skills traders need to acquire is to read price action, to be able to understand where the next big moves may occur and where the opportunities may be. In this week’s newsletter Simon takes you through some of the key markets on his watch list, discussing the trends and key levels he’s keeping an eye on for trading opportunities.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

This Week Looks Good!

This week Craig Cobb takes us through what he is seeing in the markets for the week ahead. There's plenty of nice looking trends out there so make sure you are prepared to take advantage of the opportunities that arise this week. Platinum's daily chart has really started to gain some momentum to the downside so Craig's drilling down to the lower timeframes to find an entry. Coppers weekly chart is looking particularly bearish so again Craig will continue to stalk this chart on the lower timeframes. USDCHF, NZDUSD, Silver and EURJPY are also covered in Craig's analysis below. Lastly Craig shares with you a trade that he currently has an order in for on AUDJPY so check out the video below for his analysis.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

Key Forex Theme: Euro Weakness

So far this week the key theme in the FX market seems to be that of Euro weakness. The Euro has been weak for a number of months, however price had been consolidating for the last few weeks. Now it seems the Euro trend is set to continue as this week we have seen further moves to the downside. When we get a very weak currency, we generally see nice trending markets which are the types of markets we like to trade here at Trade with Precision. We are going to take you through a couple of the EUR crosses highlighting what we want to see to get positioned in these markets.

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