yorick7878

yorick7878

Weekly analysis for EUR/USD We can see a strong trend with a big sharp retracement. The retracement couldn't hold itself so now in the last few 4h candles we can see the rejection of a bearish trend and the confirmation of an upward move. I am a trend trader and the bigger the picture the more important for me. We can clearly see an upwards trend if we look at...

yorick7878

Simple and short analysis: Gold prices have been hovering in the $1930-$1970 per ounce range for the past month. The overall trend this year is definitely bullish. We see that the price dropped trough a major support area the last few days. We can see this as a breakout and thus a sign that the price is going to continue on the bearish path. However, I...

yorick7878

The U.S. Producer Price Index (PPI) MoM release is tomorrow (14:30). In this idea I will talk about what it is and how we can make money of this as traders :) What the # is PPI? The Producer Price Index (PPI) measures the price change on the manufacturing side. In contrast to CPI, Consumer Price Index, which measures what consumers pay for their stuff! So,...

yorick7878

If you can handle a losing streak well; you are better than 75% of traders. So here are 5 tips on how to survive a losing streak : 1. Don't trade smaller - Very controversial opinion. If you feel too much negative emotions to trade then - don't trade. Take a break for a few hours or days. But if you reduce the position size then it will be much harder to get...

yorick7878

There are multiple ways to identify a trend reversal . You can look at the price and see if it was going up and is now going down and BOOM congratulations! You just spotted a reversal. However, I always like to analyse the market a little bit more and try to quantify what I see. This helps me to trade unemotionally and make fewer mistakes in analysing the...