Trade With Precision Free Newsletter

This article is part of a series on Professional Trader Habits and Beliefs

The importance of creating a watchlist each day of which markets could be providing trading opportunities in the near future is often overlooked. Just like a good fisherman will check the moon, tide and weather forecast before he goes fishing, we as traders need to be routinely analysing the markets and forecasting where the opportunities may lie. 

In this week’s market update Simon Clarke runs through some key markets that he is watching for trading opportunities.

The Dow Jones is continuing to look bearish across all timeframes so Simon's looking for any selling opportunities that may arise throughout the week. He’s waiting for any of his trading strategies to setup and give him a precise entry, stop and target level. GBPJPY also continues to look bearish, as was the case in last week’s market update. AUDUSD is another market continuing to sell off strongly as it continues its trend lower. That rounds out the opportunities that Simon’s seeing early in this trading week so make sure you follow these markets closely.  

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.

It's time again for Non Farm Payroll figures to be published out of the United States this Friday. The announcement of these figures is closely watched by traders all around the world therefore they can create a huge amount of volatility in the markets.

Check out the video below where Tamar Mehr takes a look through various FX markets explaining what she is expecting to see in terms of price action in the lead up and aftermath of the Non Farm Payroll figures.

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.