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A-FX Daily Analysis 14.05.2019

Hello, Traders. Today is Tuesday and we have important news : GBP  ILO Unemployment Rate (3M)  Average Earnings Excluding Bonus (3Mo/Yr) We will look to trade with our Support and Resistance levels at DXY, EUR/USD and GBP/USD. DXY : Our important levels are: Expect Bearish move from Resistance zone 1 – 97.562 Expect Bullish move from Support zone 2 – 96.640 …

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Limit the risk

TIP: Limit the risk How often do you happen to open a position and it makes 10 or 15 pips in your direction and then returns to your stop? In fact, one of the first rules we need to learn is trying to limit the losses. There is nothing wrong with them. This is the cost to do business, but we can …

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Do the math

Rule Number 3:Do the math We often go into a position and then close it, looking for reasons not to be right. In fact, this is a normal defense response of our brain trying to protect us from loss. To calm down these impulses, we need to make a formula that we will apply to …

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TIP Number 1

You have to determine what you want from the market and what you are willing to risk to achieve it. First of all, you have to determine the risk you are willing to take in a trade. Whether it will be 0.5% or 2% is entirely your decision, but it’s important to stick to it …

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