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marketguy

JPJTrading. Any thoughts?

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Hi. This is first post at TL. I have only read and enjoyed this site in the past. I am getting more and more interested in MP and am looking for a mentor/teacher.

 

Has anyone here been studying with JP? Does anyone trade with him regularly?

 

Any thoughts and opinions would be welcomed. Specifically, how successful is he as a trader? (their site says he is "amazing") How successful is he in teaching his methods to other traders? What kind of guy is he? How's the vibe of the room?

 

It's a rather expensive outlay so I'd love some feedback.

 

Thanks,

 

Bryan

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I am in my 2nd month in JP's room. Without a doubt the man is an exceptional trader. I'm not sure I would use the word amazing, but he is very good. Perhaps the most impressive thing about JP is his discipline, he trades the same way each time, which is something I clearly struggle with.

 

You will learn several market profile setups, and several that have nothing to do with market profile. Since there are over 200 members in the room on any given day, you will often see many traders posting many different trades, and oddly enough, there are many times when some members are short while others are long, even when both sides trade legit market profile setups.

 

In a nutshell, JP is giving me a different way of looking at the markets. Will I trade every setup? No. When in a trade will I manage it the same way as JP? No. Would I be better off if I was able to answer yes to both of those questions? Yes.

 

But the fact remains that I can only take the setups that fit my personality and manage them according to my own style. I suspect most other room members would agree.

 

 

Hi. This is first post at TL. I have only read and enjoyed this site in the past. I am getting more and more interested in MP and am looking for a mentor/teacher.

 

Has anyone here been studying with JP? Does anyone trade with him regularly?

 

Any thoughts and opinions would be welcomed. Specifically, how successful is he as a trader? (their site says he is "amazing") How successful is he in teaching his methods to other traders? What kind of guy is he? How's the vibe of the room?

 

It's a rather expensive outlay so I'd love some feedback.

 

Thanks,

 

Bryan

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Thanks BH,

I appreciate your response. Gaining the good habits of an exceptional and disciplined trader takes time and confidence. I am so not there yet myself. Learning from someone with those qualities is as important as their successful methodology.

 

Could you please answer a few more questions.

1. What percentage of the trades are winners for him?

2. What kind of stops are utilized?

3. What kind of guy is he? Is he he someone you enjoy spending your day with?

4. Is he a good teacher?

5. Is the room worth the money and do you see yourself in it for the long haul?

6. How well are you picking up his methods (this early on) Are you making consistent money with his methods?

 

Thanks.

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Hi. This is first post at TL. I have only read and enjoyed this site in the past. I am getting more and more interested in MP and am looking for a mentor/teacher.

 

Has anyone here been studying with JP? Does anyone trade with him regularly?

 

Any thoughts and opinions would be welcomed. Specifically, how successful is he as a trader? (their site says he is "amazing") How successful is he in teaching his methods to other traders? What kind of guy is he? How's the vibe of the room?

 

It's a rather expensive outlay so I'd love some feedback.

 

Thanks,

 

Bryan

 

I know someone who has experience with his room. Not recommended.

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[

Could you please answer a few more questions.

1. What percentage of the trades are winners for him?

2. What kind of stops are utilized?

3. What kind of guy is he? Is he he someone you enjoy spending your day with?

4. Is he a good teacher?

5. Is the room worth the money and do you see yourself in it for the long haul?

6. How well are you picking up his methods (this early on) Are you making consistent money with his methods?

 

 

1. I have not tracked his winning %, and I know he doesn't either because during his free trial several people asked that question. If I had to guess, I would say the trades he takes are at least 60% winners, maybe a little better than that.

 

2. Typically 1-2 points

 

3. Decent guy, former floor trader and voice sounds like it.

 

4. I think so, but there are several veterans of his style in the room that assist in answering questions also.

 

5. Again, I think so or I wouldn't have signed up for 2nd month. In it for long haul? After 3 paid months the room is free for life so unless something drastic happens in the next month I plan on paying my 3rd installment and becoming a lifetime member.

 

6. I am working hard to take each setup without bias or hesitation and to then manage them with discipline (which again I struggle with), but much easier said than done. For example, last week, I took a long setup that relatively quickly went $10 in my favor. JP of course was scaling out the entire way up and had most of his profits locked in. I had a technical level I *thought* the market would get to but it missed by $1 and I closed out the trade for a modest $2 profit after riding it back down to under break-even. JP would never have let that happen, he probably had a few pieces left that he scratched on the way back down to his entry price, but the majority of his profits were locked in.

 

 

The importance of discipline without bias cannot be overstated. I know that is the true holy grail of trading, but I have never completely gotten there.

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Thanks so much for your honest and sincere reply and also taking the time to help a fellow trade.

 

Much good fortune.

 

Bryan

 

Jpjtrading room will give you some good ideas that you can use to mold into your own techniques, so will many of the posts on this site that are available for free.

Jp has a Kamikaze style of entering trades that practically none of his students can duplicate. He only uses mental stops.

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Typically traders that have a Kamikaze style of entering trades and don't use stops have deep pockets.

 

Jpjtrading room will give you some good ideas that you can use to mold into your own techniques, so will many of the posts on this site that are available for free.

Jp has a Kamikaze style of entering trades that practically none of his students can duplicate. He only uses mental stops.

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I appreciate the replies. I think I will learn all I can learn here (for free) and finally finish Mind Over Markets before considering reaching out in that way.

 

For clarification, while JP does charge $400 a month, after 3 months you get the room for free, for the life of the room.

 

Bryan

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my 2 cents worth and being whom I am I think that I am qualified to comment on JPJ even though I do not know the Gentleman personally but I have a respect for what he is doing based entirely from feedback that I have received from some of his students. Frankly the cost of attending JPJ is minimal especially as it is a life time support. The issue is the noise/chatter that the attendees create. If you can discern the wood for the trees and block this noise out then the teaching materials that JPJ has and promotes are worth every bit the cost. If you can learn even a simplistic setup from him then the cost is minimal. His style is not to everyone's liking but then why would you expect that. It is what it is and the issue is perhaps that his focus is narrow in that he only talks the ES. Curious when you consider that he was a bond local orignally. As for style surely the whole point about any learning is that you take what you can from the teacher and take other information from elsewhere to then marry it up and create something that is personal. The point being is not to create a mini-me but to create something that is your own. As Steidlmayer wrote and forgive me if I paraphrase and/or truncate a little: I quote from the original CBOT handbook from 1984.(PS I am on the hunt for any other MP documentation that anyone might have for the purpose of archiving it - I already have the largest collection of MP material both ancient and modern in one place but would be obliged if anyone can help with additional material) - I quote from the manual that was the forerunner to the CBOT Handbook which you can currently download from the CBOT website

"Market understanding time you plus your trading method equals results"

"In order to recognize opportunity, to respond appropriately and to make timely adjustments as you go, you need to know what the market is doing and under what conditions. The difference between knowing and guessing is vital." "When this market understanding is combined with a personal trading method, traders anywhere in the world have an opportunity to achieve superior results." . lastly if you think that $1200 is expensive then perhaps you should check out how much a college education costs and do the maths. Consider that if you subscribe how many trades you would have to do to recoup the cost. Trading is a business and one should look at tiome and money in vs reward out. Now I have little interest in promoting anyone but me but frankly I think that JPJ offers outstanding value

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. Now I have little interest in promoting anyone but me but frankly I think that JPJ offers outstanding value

 

Just curious, are you a vendor yourself ? In a previous post, you said you wrote a chapter for John Carter's book. If you don't charge money for knowledge, I would welcome you , as many here would agree, to share more of your stuff on here. My 2 cents.

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AllyB,

Thanks so much for taking the time to address this subject. All points well taken. Bye the way, I am just about ready to sit down and watch your 2 CBOT videos.

 

Take care,

 

Bryan

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OAC. Vendor is not a catorgary that I would place myself in persee. I trade for a living first and foremost but I also run a subscription member financial portal website which specializes in MP. From my website I teach/educate on Market Profile and unlike others I will give you not just the entries but the exits as well including how to originate both short, medium and long term strategies. I have been doing MP since 1984 when I first met Pete and am considered by some to be an expert on the subject. I offer my members on-going support and although I place a huge amount into the public domain I also consider that it is only right and proper that as an expert I should occassionally be remunerated for my expertise and time. The difference between someone like JPJ and myself is that he offers a narrow based teaching on a single product whereas I cover the whole spectrum. Free is great and I urge all to take as much advantage of free when it is available but I have found that free means a slow track. One might eventually arrive in the instant gratification world that we live in that properly researched paid education is not just a pre-requiste but also a fast track way to learn. After all I elaborate on the my earlier post if you could have the opportunity for total freedom presented to you together with untold riches would you not grab it with both hands therefore someone like JPJ is a cost effective way of gaining that expertise. as for John Carter and Chapter 17 it is a fact that I wrote the chapter just as I did the CBOT MP101 and MP102 videos which now are only available from my website to all comers. Some things in life are free but other things must be paid for. I don't feel I need to defend myself in anyway for my own track record goes before me with absolutely full disclosure and archives and I still have friends from the 1980s who continue to state that they are amazed at the accuracy that I can deliver on a consistent basis. Unfortunately I have not arrived in life (post 2 ex wives and 2 expensive Daughters ) at a stage whereby I can be philanthropic but to date all of either my students/members have found that I give good value for money and that is the measure by which all things are evaluated.

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A couple days ago, I came across the webpage of a really successful vendor, here is what it said:

 

 

Dear Interested Trader,

Thanks for your interest in XXX Trading. In 2005, I became a Registered Investment Advisor (RIA), "retired" the website and currently manage money professionally. Therefore, I no longer operate an advisory service. Please review my Books to learn more about XXX Trading. If you have further questions please feel free to contact me at my email address, XXXTraders@XXXTrader.com.

 

Best Regards,

 

XXX :cheers:

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I am in my second month of training at JPJTrading. In the begining I was just as skeptical about paying for chat room. I made a decision from the beginning that my risk will be 1 month fee, and if by the end of that month I can not make enough profit for next month tuition, I will not continue with JP.

At the end of October I prepaid next 2 months from the money I earned during training. Methods that JP teaches may not be for everyone, because it really doesn't matter what he teaches if YOU cannot adopt and trade his setups.

I also want to correct few mis-information from earlier posts... "JP does not use hard stops".... true, but he DOES have stop levels for his trades and watches price action around them. I have not seen him "slip" more then 1-2 ticks from previously announced stop levels.

"kamikaze trades" - not sure what it really means, but trade setups are known well in advance, and are not emotional entries. Most of the entries do not feel easy to do, but then again nobody said that trading was easy. The best trades fly in the face of "common sense".

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lastly if you think that $1200 is expensive then perhaps you should check out how much a college education costs and do the maths. Consider that if you subscribe how many trades you would have to do to recoup the cost. Trading is a business and one should look at tiome and money in vs reward out.

 

Anyone looking for an alternative to JPJ should also check out Frank Butera at http://www.BalanceTrader.com. A lifetime membership is only $200. We all agreed nobody is going to hand it to you in a silver platter(although JPJ did say he may hand you a fish :)) and you have to mold it to make it work for you anyway.

I have been there, he is decent.

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Just thought I'd add my 2 cents to this thread. I paid the $400 to enroll in JP's class last month and found it so rewarding that I didn't hesitate to pay the additional $800 for lifetime membership access to his chat room and member group materials. Prior to enrolling I had read the CBOT MP manual and I had read and re-read Dalton's Mind Over Markets at least three times. So I felt I was going into JPs class with a farily well grounded understanding of market auction theory and MP concepts. However, it became apparent from the get go that JP's objective is to take his students beyond theory. The bottom line is that he is driven by the desire to see his students make money. He is overwhelmingly passionate (and patient) when it comes to teaching a variety of very well thought out, logical (and very profitable) MP derived setups that he's identified for daytrading purposes. And while he focuses on the ES his setups and techniques are relevant to any market in which auction theory drives price action. I personally prefer to trade the NQ and I apply the setups accordingly.

 

Prior to joining up I had been trading the futures for 4 years using several common and one or two proprietary indicators to identify and time entries for high probability trade setups. My trading buddies couldn't quite understand why I wanted ot pursue JP's classroom since I was making money every day. I explained to them I wanted to get a better handle on "why" price action unfolds the way it does each day and that I figured that JP's tutelage would help me achieve that goal. Well, it has and it will continue to. I don't know if any and every trader will take to JP's approach. In fact, I doubt it. But I am certain that for those for whom the lighbulb goes off will recoup their membership fees after just afew trades. In other words, JP's program pays for itself and in my book that's the definition of "invaluable".

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Just thought I'd add my 2 cents to this thread. I paid the $400 to enroll in JP's class last month and found it so rewarding that I didn't hesitate to pay the additional $800 for lifetime membership access to his chat room and member group materials. Prior to enrolling I had read the CBOT MP manual and I had read and re-read Dalton's Mind Over Markets at least three times. So I felt I was going into JPs class with a farily well grounded understanding of market auction theory and MP concepts. However, it became apparent from the get go that JP's objective is to take his students beyond theory. The bottom line is that he is driven by the desire to see his students make money. He is overwhelmingly passionate (and patient) when it comes to teaching a variety of very well thought out, logical (and very profitable) MP derived setups that he's identified for daytrading purposes. And while he focuses on the ES his setups and techniques are relevant to any market in which auction theory drives price action. I personally prefer to trade the NQ and I apply the setups accordingly.

 

Prior to joining up I had been trading the futures for 4 years using several common and one or two proprietary indicators to identify and time entries for high probability trade setups. My trading buddies couldn't quite understand why I wanted to pursue JP's classroom since I was making money every day. I explained to them I wanted to get a better handle on "why" price action unfolds the way it does each day and that I figured that JP's tutelage would help me achieve that goal. Well, it has and it will continue to. I don't know if any and every trader will take to JP's approach. In fact, I doubt it. But I am certain that those for whom the lighbulb goes off will recoup their membership fees after just afew trades. In other words, JP's program pays for itself and in my book that's the definition of "invaluable".

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Glenbee,

Thanks for your great addition to the thread. I have been studying MP for several months. I am slowly making my way thru Mind Over Markets and understanding it pretty well. I listened to Billed Dalton's audio class. I have been watching Dan Duryea's IOAMT daily updates and other videos for the past month. I have been watching AllyB's videos. All in all, slowly growing more and more comfortable with MP concepts and slowly weaving it into my trading.

 

Question: how prepared do you think one needs to be before coming into JP's room? Do you advise more preparation before signing up?

 

Thanks,

 

B

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Question: how prepared do you think one needs to be before coming into JP's room? Do you advise more preparation before signing up?

 

Thanks,

 

B

 

JP want you to forget everything that you have ever learned about the market : MACD, Stochastic, CCI, Fibonacci, moving average, candlestick...etc. And learn the market his way and you will become an instant success. He is a genius.

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Marketguy: I think it goes without saying that the more familiar one is with market auction theory and applications the faster he/she will assimilate JP's approach. So, given what you've already studied I suspect you'd find JP's method incredibly easy to understand. I wouldn't even be surprised if you find a few things a bit elementary. I mean, when you think about it, market auction theory isn't all that profound. In fact, the beauty of it all is that is so logical that you can't help but ask yourself "why didn't I think of that and why doesn't everyone use it?"

 

OAC: I don't know if your last post was serious or sarcastic but I do know that it is inaccruate. JP couldn't care less what supplementary chart setups one uses. In fact, it seems to me that his position is "use whatever else works for you". Again, he couldn't care less. His methods don't require anything other than an understanding of how to "read" the story being told in a MP to be successful and that's what his teaching is all about. So I am sure there are many in his room who use a market profile chart alone. However, this does NOT mean to say one can't be creative and enhance JP's approach with his/her own methods if they're so inclined. I do. I'm sure others do. I have yet to come across anyone in his room who would be so arbitrary and arrogant to suggest otherwise. OAC, can you tell us where you got your information? Is it first hand or hearsay? Because as best as I can tell it's just not accurate.

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Glenbee, good luck to your trading and I wish you a prosperous career.

All I have to say is to the newbies here, since this forum has become quite popular among mostly new traders. It has become a fertile ground for for vendors to promote their services. If you have any questions about JPJtrading, feel free to PM me.

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    • EURJPY DEPRECIATES TO LOWS NEAR 128.00 FOLLOWING COVID RESURGENCE   EURJPY Price Analysis – November 26 EURJPY pair fell for the third session in a row on Friday, depreciating to the area of recent lows in the 128.00 range. As the new strain of COVID weighs heavily on investors’ sentiment, strong buying interest in the Japanese yen puts EURJPY under added pressure in the sub-129.00 levels. Key Levels Resistance Levels: 130.50, 130.00, 129.61 Support Levels: 127.00, 126.50, 126.00 EURJPY Long term Trend: Ranging On Friday, the EURJPY opened higher at 129.31 and moved lower to 127.79 intraday lows losing almost 1%. The pair plunged, as bears emerged and traders focused on levels below 128.00. To investigate the bearish scenario, a decisive fall below 128.00 must be established. The pair may continue to fall into the next session, with bearish traders targeting the 127.00 area as a possible objective. As long as the 128.00 support level holds and the price is sustained above, more gains may be expected. A strong breakout of 128.50, on the other hand, would confirm that the rebound from 127.79 low has come to stay, bringing this low back into focus as a new bottom. EURJPY Short term Trend: Bearish The EURJPY is still trading bearishly from its October high of 133.47 on the 4-hour charts, and the intraday bias is still to the downside. If the resistance at 128.50 holds, a further drop is likely. A decisive rebound past 128.50, on the other hand, will consolidate on the entire rebound from 127.79 low level. The mid-term support turned resistance level of 130.00 will be the next level of contention. A break of revised support around the 128.00, on the other hand, might reverse the rebound and broaden the down leg from 130.00 with a new phase of the drop towards the mid 127.00 in the coming session.   Source: https://learn2.trade
    • Date : 25th November 2021. Market Update – November 25 – Solid US data lifts USD, Stocks, & Yields. USD (USDIndex 96.70) holds on at 16-mth highs; Strong set of US data yesterday GDP (2.1%) up a tick but missed by a tick, Claims (199k) at 52-yr low, PCE (0.4% m/m & 4.1% y/y), in-line & largest since Jan.1991, along with a big beat (5.9%) for GDP Price index, Durable Goods (0.5%) in-line, Personal Spending (1.3%) a big beat, Personal Income (0.5%) a beat, Trade balance a big beat (14.6%) on strong Exports, Inventories (-2.2%) a big miss, but shows demand is strong. Consumer Sentiment a beat and New Home Sales flat (745K) and missed. Stocks & Yields pushed higher, Oil held onto gains and Gold tested 3-week lows.   The FOMC Minutes showed (1) there could be a faster taper than the $15bn/mth currently planned, (2) Inflation could indeed be “persistent” (3) Clear division over 2022/23 rate hike cycle, Doves hold sway for now. US Yields 10yr trades at 1.644%, down from yesterday’s 1.694% high. Equities – Gains into the Holiday USA500 +10.76 (0.23%) at 4701 – USA500.F trades higher at 4713. USOil – peaked at $78.53 Inventories +1.0 vs -1.7 weakened prices – now at $77.65 Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD now 1.1216, having broken 1.1200, USDJPY now 115.36, from 115.50 & Cable back to 1.3350 from 1.3315 yesterday. Overnight – JPY PPI (1.0%) hit a 10-yr high, German GDP and consumer confidence both missed (1.7% vs 1.8% and -1.6% vs -1.0%) respectively. European Open – December 10-yr Bund future up 16 ticks, while US futures are slightly in the red. Bunds already outperformed yesterday, as EZ spreads widened in the wake of hawkish leaning ECB comments & confirmation that German finance ministry will go to the liberal FDP, which likely means more resistance to debt mutualisation across the EZ & more pressure on ECB to limit asset purchases. DAX & FTSE 100 futures are currently up 0.4% & 0.3% respectively & US futures are posting gains of 0.3-0.4%, suggesting markets are coping quite well with the prospect of less accommodative policies. Indeed, it seems to an extent that they welcome the CB’s acknowledgement that inflation risks could be less temporary than previously thought. Today – ECB Minutes, ECB’s Elderson, Schnabel, Lagarde and BOE’s Bailey Biggest FX Mover @ (07:30 GMT) CADJPY (0.20%) The rally from Tuesday’s low under 90.00 has been sustained with 91.25 being tested earlier today. MAs aligned higher, MACD signal line & histogram rising & over 0 line, RSI 61, H1 ATR 0.077, Daily ATR 0.707. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 24th November 2021. Market Update – November 24 – USD & Yields Higher, Stocks Mixed, Oil Recovers. Trading Leveraged Products is risky USD (USDIndex 96.50) holds on at highs; EM currencies under particular pressure. (TRY lost 15% after Erdogan refused a rate rise). RBNZ raised rates but NZD fell (like the last time they raised rates!) JPY Inflation 2 ticks better than expected. USDJPY at January 2017 levels around 115.00. PMI data better across the globe, Stocks mixed in US & Asia, Yields bid, Oil recovered significantly and Gold pressured by yields. Biden invites Taiwan to its “Summit for Democracy”, WHO talks of additional 700k Covid deaths across Europe (Slovakia latest to talk lockdowns). US Yields 10yr trades at 1.667%, down from yesterday’s 1.684% high. Equities Mixed. Musk sold more stock, Banks & Oil majors lead. USA500 +7.76 (0.17%) at 4690 – USA500.F trades lower at 4684. USOil – rallied over 3% to $78.20 highs despite global strategic reserves being sold to cool prices. Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD down to 1.1245, USDJPY over 115.23, earlier now at 114.88 & Cable back to 1.3375. European Open – December 10-yr Bund future up 26 ticks, US futures also broadly higher. RBNZ delivered expected rate hike & markets seem to be scaling back fears of escalating inflation as even dovish leaning BoE & ECB members highlight risk of second round effects. ECB VP Guindos highlighted overnight that the drivers of inflation are becoming more structural, which adds to signals that the CB is finally ready to start reining in stimulus. DAX & FTSE 100 futures currently up 0.3% & 0.2% respectively. Today – Big data day ahead of Thanksgiving Weekend. – German Ifo, US Weekly Claims GDP, PCE, Durables, FOMC Mins. & ECB speak Biggest FX Mover @ (07:30 GMT) NZDJPY (-0.77%) RBNZ in-line but Dovish, sank from breach of 80.00 yesterday to 79.24, and 79.40 now. Faster MAs aligned lower, MACD signal line & histogram falling & below 0 line, RSI 35 & weak, Stochs OS. H1 ATR 0.17, Daily ATR 0.70. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • EURUSD HOVERS NEAR MULTI-MONTH LOW, UNDER 1.1250 LEVEL   EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading at 1.1253 at the time of writing, down 0.25 percent on the day. Key Levels Resistance Levels: 1.1525, 1.1422, 1.1300 Support Levels: 1.1200, 1. 1150, 1.1100 EURUSD Long term Trend: Bearish EURUSD has sunk to fresh multi-day lows, as seen on the daily chart, after extending the recent breach beneath the moving averages 5 around the 1.1300 level. This exposes the possibility of a deeper pullback and a re-test of the psychological support around 1.1200. Under the 1.1200 level, the euro’s underlying bullish attitude is in jeopardy. Overall, the EURUSD stays bearish while trading under the major horizontal support turned resistance and significant level at 1.1422. A breakout of the 1.1300 level, on the other hand, would aim for the 1.1350 level on the way to the 1.1400 zones. The fall of the 1.1200 zones, in the alternative scenario, is viewed as a bearish continuation indicator. EURUSD Short term Trend: Bearish The risk is weighted to the negative on the 4-hour chart, as the pair is developing below the firmly bearish 5 and 13 moving averages. Technical indicators have shifted to the downside, with negative levels. However, in the present scenario, the RSI has not yet reached oversold territory, allowing for more selling. On the upside, a break over the modest resistance level of 1.1300 might shift the intraday bias to neutral. On the downside, the 1.1200 zones provide initial support. The next important level of support is around the 1.1150 mark. If there are any more losses, the 1.1100 extension level of the low decline may be tested. Source: https://learn2.trade 
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