Lesson from history π On 19 Oct 1987 the Dow fell 508 points, or 22.6%, in one day. Today a 7%, 13% or 20% S&P 500 drop halts trading. The lesson π
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Fedβs Musalem says rates should be going up over the next 6 to 9 months ποΈ Futures put a hike this month near 18% and a December move above 80% π
#Fed
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Lesson of the day π Results day can gap a share past your stop. With a stop 2% below, a 6% gap down still costs 6%. JPMorgan reports on Tuesday 13 October π
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Lesson of the day π An uptrend is higher highs and higher lows. A downtrend is lower highs and lower lows. Read the swings, not the candle π
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Lesson of the day π One 4-hour candle holds 16 fifteen-minute candles. Higher timeframes show the trend, lower ones the detail and the noise π
#Timeframes
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Lesson of the day π Five things to log on every trade: the setup, the three prices, size and risk, the result, your state. Swipe π
#TradingJournal
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Lesson of the day π§ 3 signs of a revenge trade: bigger size after a loss, no setup from your plan, a stop moved to win it back π
#RevengeTrading
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Lesson of the day π Lose 10%: you need +11.1% to recover. Lose 50%: +100%. Lose 90%: +900%. Swipe for the maths π
#Drawdown
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Lesson of the day π§ A stop can slip in a gap, costs add up, a demo hides real pressure, indicators lag, and a 70% win rate can still lose. Five myths, five facts π
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Lesson of the day π Sydneyβs clocks go forward on Sunday 4 Oct: its session moves to 20:00β05:00 GMT. Tokyo, London and New York stay put for now π
#forex#tradingsessions
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Homework: a price alert on MT5 in 4 steps π Toolbox, Alerts tab, Create, then Symbol, Condition, Value. An alert notifies you; it places no order π
#MT5
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Lesson π Q4 calendar: the Fed, ECB and BoJ announce on day two of their meetings, and after Sunday 1 Nov, 08:30 New York is 13:30 GMT, not 12:30 GMT π
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Quiz time π§ A rate hike lands exactly as the market expected. What may the currency do? A) Move little B) Rise sharply C) Fall for sure. Answer in the second image π
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Lesson π support and resistance: zones, not lines, and they can fail. Breakouts, false breaks, crowded round numbers π
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Why 50 is the line π ISM Manufacturing PMI, Thursday 1 Oct at 14:00 GMT: a diffusion index, not a growth rate. August: 54.6. One image, no forecast π
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Lesson π two open trades on pairs that move together are one bet in disguise: risk $250 on each and one move can take $500. Illustrative maths inside π
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π Volatility: how much and how fast a price moves, both ways, not which way. Illustrative: pair A moves 40 pips a day, pair B 120; a 50-pip stop is over a day on A, under half on B.
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Homework before the next order π five questions on one card: the stop and its reason, the loss in money and %, reward against risk, news due, plan versus mood π
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Forex market hours π Sydney, Tokyo, London and New York on one GMT clock, overlaps shaded β LondonβNew York 12:00β16:00 is typically the busiest π
#MarketHours
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Quarter-end Wednesday π the last 4pm London fix of Q3 lands at 15:00 GMT. Why rebalancing and hedge flows can move FX without news β and why the direction isn't predictable π
#QuarterEnd
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