Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

:newbie:

 

well, I'll need a lot more study but I was kinda looking for some help seeing if there was a correlation with my "finds" and VSA (and subsequently P&F). I am getting strong correlation for sure but still would like to get a couple of more experienced opinions early on if possible. Thus far my wins with Options are lines 4,7,11,14,19,21 and my loss is line 15. Have a look at what would have been made!

 

Now in addition to looking at what I dont see in my loser I would like to know if there is a really strong indicator of weakness in BBJ_4. This will be another loser unless there is. I'm just asking for one last confirmation of what I cant see...YET! does BBJ_4 show weakness just prior/on/after 20050103?

 

Thanks so much this is amazing stuff!

 

BillyBob

BBJ_4.png.1244efb68c709c0f1451f281b257bbf4.png

Share this post


Link to post
Share on other sites

Anticipating a drop

 

I saw this over the weekend, but was too busy to post it.

 

The SPYs have come off the lows by 25% surprising just about every market commentator. Note that on Friday, SPY hit significant resistance just below the 880 level. A few posts earlier, I mentioned that the ES had come into its conservative point & fiugure projection. So, resistance on a couple of fronts.

 

You can also see in the SPY that the range narrowed on Friday and the close was off the highs. The supply line that formed (the top trend channel line) indicates a shortening of the thrust - price was struggling to sustain the hefty rally. Volume also lessened the higher we went further indicating that demand was tiring at the higher levels. On Thursday, there was a spike in volume without much result in price, suggesting a possible minor climax. Friday saw less volume as price tried to rally.

 

The banks stocks led this rally after helping to depress prices for so long. Take a look at the XLF chart, which is the financial sector SPYDRs that has a heavy weighting of bank stocks. Although there is no clear resistance area like the SPYs, you can see that the financial sector was having difficulty rallying up into its supply line, indicating supply, or at least a lack of demand, was occuring early in this leg of the rally. On Friday, price was unable to close on a new high. Instead, it gave us an UpThrust, showing an inability to rally and hold gains above the high set on Monday.

 

Between the SPY and XLF (and the other sectors, too) there were lots of good indications that the market would begin a reaction soon.

 

 

Hope this is helpful,

 

Eiger

5aa70ec6db765_SpyDaily4-20-09.thumb.png.deb7bb1ea6b0b0219d8d7835c44c67cd.png

5aa70ec6e29c8_XLFDaily4-20-09.thumb.png.f9c669b1728cf4c4720c0fa3eed09b69.png

Share this post


Link to post
Share on other sites
Wow, this is cool!

Would someone have a look and let me know if much else between the 22nd and the 8th sept, please.

 

again :newbie:

 

BBJ_1 seems Sept1st is a strong test for supply with large volumes preceding would indicate low supply. thus making downthust following very strong???

 

Am I right? :confused:

 

Thanks, BBJ

Share this post


Link to post
Share on other sites

Eiger, I read your posts and have learned a lot in last 4 days. My question is... why the thread is primarily focused on VSA and indexes, forex etc? Seems and please correct me, that the smart money would really have a slim chance of individually moving them or even collectively moving them due to the # of companies in an index or huge volumes involved in forex etc. Wouldnt it be much easier with better/same results to act upon a single equity where float volumes are mere millions?

 

The reason I ask as equities has been my focus for last 8500 hrs of study. Am I mis guided somehow? :confused:

 

Thanks, BBJ

 

Also on your XLF chart would you expect this move up to end? seems no return for SM on the high volume 5days ago and no interest by SM to play showing no volume at support line? My limited knowledge would "guess" a drop to $9.50 for a retest... then re-evaluate move and SM from there? right???

Edited by bbj_anchor

Share this post


Link to post
Share on other sites
.. why the thread is primarily focused on VSA and indexes, forex etc? Seems and please correct me, that the smart money would really have a slim chance of individually moving them or even collectively moving them due to the # of companies in an index or huge volumes involved in forex etc. Wouldnt it be much easier with better/same results to act upon a single equity where float volumes are mere millions?

 

The reason I ask as equities has been my focus for last 8500 hrs of study. Am I mis guided somehow? ...

 

Also on your XLF chart would you expect this move up to end? seems no return for SM on the high volume 5days ago and no interest by SM to play showing no volume at support line? My limited knowledge would "guess" a drop to $9.50 for a retest... then re-evaluate move and SM from there? right???

 

Professional traders certainly operate extensively in the indicies through futures, options and ETFs. Volume & spreads can be read well in these vehicles. You needn't limit your trading to equities.

 

XLF did indicate the uptrend was primed for a reaction with the UT and supported by the other indications, including the lack of result by the high volume day. I don't know where the bottom of the reaction will be and I doubt anyone does. It never pays to predict. The task now is to observe the character of this reaction to see whether or not this uptrend is likely to continue.

Share this post


Link to post
Share on other sites
You're most welcome, Monsieur Ed. I REALLY wish we had a standard for chart-posting on this forum, whereby the poster (the person who is doing the posting) should:

 

 

 

2) vertical lines from the price to the volume. This is especially essential in VSA charts. It helps the viewer see which bar the poster was referring to when they say such and such bar represents no demand, low volume test, a squat, etc. etc. etc. The vertical line is just a courtesy to the viewer.

 

QUOTE]

 

I just joined TL and started reading this thread. This has probably already been dealt with but just in case this is a link to a clean little crosshair tool. Wonderful for viewing someone elses static chart.

 

Mike Lin's Home Page

Share this post


Link to post
Share on other sites
Eiger, I read your posts and have learned a lot in last 4 days. Also on your XLF chart would you expect this move up to end? seems no return for SM on the high volume 5days ago and no interest by SM to play showing no volume at support line? My limited knowledge would "guess" a drop to $9.50 for a retest... then re-evaluate move and SM from there? right???

 

Yahoo think I'm getting it...:roll eyes: XLF plummeted to just under 9.50 as early part of a downthrust! expect up move shortly.. and next stop... ~$13. (per P&F charts, I learned here also!) will quite likely be another down thrust at end of this accumulation too. Indexes arent something I've really looked at so this is a new endeavour for me but first call was dead on using VSA only with no knowledge of indexes!!! :)

Share this post


Link to post
Share on other sites

Hello,

 

I've recently been studying the relationship between price and volume.

 

I have a couple of questions if I may:

 

1.) What materials are available on the topic of VSA.

2.) Is VSA analysis useful, and does it hold merit in the intraday (1,3,5 minute) time frames.

 

Thanks in advance.

 

Caz

Share this post


Link to post
Share on other sites

Hi,

 

I'm learning VSA, how can we practically read the "the Backround" for intraday Trading ?

 

- Check the Weekly chart, --->Check Bull or Bear Volume ?

 

- Check D1, what to "read"?

 

- Check H1, check NO Demand bar, No supply bar, testing bar(morning star or evening star candle), uptrust/ reverse uptrust

 

- entry/exit on 15M chart near Trendlines, S/R

 

Pls advice,

 

Thank

 

Cheers,

Share this post


Link to post
Share on other sites

Hi All,

 

I'm fairly new to VSA. Some of it seem simple while other aspects seem difficult. Somone has been teaching me thier version of VSA and I wanted to post a chart and get the opinions of those that know. Sorry if this is not the place for this chart. I wasn't sure on what thread to post it.

 

The cart is a 3 minute ES chart from 4/29/09. It could be a 5 min or even a 10 minute, but I used this 3 minute because it depicts the characteristics I've been told to look for.

 

1. Price is rising, but closing off the highs.

2. At the peak there is a high volume bar with price closing off the highs

3. There is a narrow spread bar on low volume. This indicates lack of buying power and the professionals desire not to take it higher.

4. the indicator at the bottom is a DMI and a cross occurs and price starts to fall off.

5. Price at around the 880 areas is a current or prior pivot level.

 

Question is: Does this seem like a reasonable interrpretation of Volume and or VSA?

 

Any feedback / comments are welcome.

 

David

5aa70ec9e44b8_ES_3min42909.thumb.jpg.6b46d156bd339f35cfd90d7a6ec3ad1e.jpg

Share this post


Link to post
Share on other sites
Hi All,

 

I'm fairly new to VSA. Some of it seem simple while other aspects seem difficult. Somone has been teaching me thier version of VSA and I wanted to post a chart and get the opinions of those that know. Sorry if this is not the place for this chart. I wasn't sure on what thread to post it.

 

The cart is a 3 minute ES chart from 4/29/09. It could be a 5 min or even a 10 minute, but I used this 3 minute because it depicts the characteristics I've been told to look for.

 

1. Price is rising, but closing off the highs.

2. At the peak there is a high volume bar with price closing off the highs

3. There is a narrow spread bar on low volume. This indicates lack of buying power and the professionals desire not to take it higher.

4. the indicator at the bottom is a DMI and a cross occurs and price starts to fall off.

5. Price at around the 880 areas is a current or prior pivot level.

 

Question is: Does this seem like a reasonable interrpretation of Volume and or VSA?

 

Any feedback / comments are welcome.

 

David

 

Hi David,

 

Your interpretation of the high volume bar and the no demand is essentially correct. The high volume was a minor climax seen by the sudden increase in volume. The DMI & pivots are not used in VSA. Good luck with your trading.

Share this post


Link to post
Share on other sites

A follow up on the point & figure charts I have been posting over the past few weeks:

 

To recap: in early March, after the rally off the lows, the ES indicated a SOS as it rallied and put in a minor Last Point of Support (LPS) allowing for a count along the 720 line of 80 points for a target objective of 800. This count was flagged, was met, and then exceeded (unlabled flag).

 

The rally was strong and a more significant LPS at the 750 level gave us a two-phase count of 110 to 140 points off the 750 line. This provided target objectives of from 860 to 890, which is flagged at A.

 

By the end of March, the S&Ps worked its way higher, both holding the gains off the early March rally and absorbing the residule supply from 800 to 830. In doing so, the market developed a 'Stepping Stone' count along the 780 line of 100 points, or a target objective of 880. This is flagged at B and lies in between the high and low of the target flagged at A. The consistency of the Stepping Stone count with the count off the LPS both confirms the later count and gave a timing indication for the market to break from the trading range and rume its rally. Yesterday, the market achieved that target objective.

 

Bob Evans, the great Wyckoff trader and educator at what is now SMI/Wyckoff, used to say on his tapes that the completion of the P&F count is a place to 'Stop, look, and listen.' And, as we do just that, we see that the ES is now in a potential UpThrust positon off the January and February highs. You can see this in both the P&F chart and the bar chart.

 

Eiger

5aa70ecab8a7c_PFES10-pt5-1-09.thumb.png.4263fd1e477b91f8e0929742a243aea7.png

5aa70ecac0287_ESDaily5-1-09.thumb.png.a62e9bcfbecdcfbd479a1acf49dc02d0.png

Share this post


Link to post
Share on other sites
Hi,

 

I'm learning VSA, how can we practically read the "the Backround" for intraday Trading ?

 

- Check the Weekly chart, --->Check Bull or Bear Volume ?

 

- Check D1, what to "read"?

 

- Check H1, check NO Demand bar, No supply bar, testing bar(morning star or evening star candle), uptrust/ reverse uptrust

 

- entry/exit on 15M chart near Trendlines, S/R

 

Pls advice,

 

Thank

 

Cheers,

 

In the Pure VSA thread there is quite some attention to reading the background. which is applicable for all time frames. You should find that very helpful.

Share this post


Link to post
Share on other sites
Hello,

 

I've recently been studying the relationship between price and volume.

 

I have a couple of questions if I may:

 

1.) What materials are available on the topic of VSA.

2.) Is VSA analysis useful, and does it hold merit in the intraday (1,3,5 minute) time frames.

 

Thanks in advance.

 

Caz

 

There is a good list of available materials listed in the resources thread, including the free Master the Markets book available as a download.

 

With respect to your question about the usefulness of VSA - there are two very large threads and a handfull of smaller threads that show how many contributors use VSA, both on its own and in combination with technical analysis. Most of these posts are about the time frames you ask about with the exception of the 1-minute chart, which is a bit too noisy for VSA and gives many false indications. If you are interested in VSA, review the material and determine whether or not it would be useful for the way you as an individual trade, given your trading style, unique personality, strengths & limitations, etc.

 

Eiger

Share this post


Link to post
Share on other sites
In the Pure VSA thread there is quite some attention to reading the background. which is applicable for all time frames. You should find that very helpful.

 

My personal suggestion, make "book" from all Eigers ,Candlewhispers ,JJthetraders posts and study,read,make notes , study, read ....

Share this post


Link to post
Share on other sites

Thanks for Advice,

 

- VSA backround can be "read" in 5m TF(one time frame) only, sofar we*ve can identified the Market strenghts or Market weakness of "No Demand, Upthrust, testing" or "stoping volume, reverse Upthrust, testing", before we can make further intrepetation.

 

- How about : D1/Weekly Shi Channel-----> to look for VSA Pattern (Accumulation, Mark up, Distribution, Mark down) ?.

 

- Lower TF for Fine tuning "the backround", eg. 15M to look for Bullish Volume(Market strenghts) or Bear Volume(Market weakness) of "the current Price Action" ?

 

Thank in advance

 

Cheers,

 

 

 

In the Pure VSA thread there is quite some attention to reading the background. which is applicable for all time frames. You should find that very helpful.

Share this post


Link to post
Share on other sites

as regards volume in forex.

Esignal has very reliable data feed "GTIS forex" with data from 300+ big banks and financial company that is trading. Check web side. In forexfactory is one trader that trade forex a few years just using VSA and it seems he is very good .I watch his posts just one week and his expectation in market very often are truth.

Share this post


Link to post
Share on other sites

Regarding the last series of posts:

 

I was looking into resurrecting the "VSA Crock or Not" thread to move this last series of threads started by Mr. Noorx there. However, since the tenor of the posts quickly moved off the topic of the utility of VSA and devolved into less than mature behavior and irrelevancies, I just decided to delete them in their entirety.

 

Eiger

Share this post


Link to post
Share on other sites

The VSA II thread has had over 2,200 posts and 128,000 visits. It is the most visited thread on the TL Forum. All who contributed to this thread since it began in February 2008 deserve congrats for their willingness to share information, their creativity shown in applying VSA, and for helping others struggling with the often not-so-easy-to-grasp concepts of VSA. This willing attitude combined with solid content has helped make VSA II the most popular thread on TL. For those interested in seeing how to apply VSA in many different market situations, spending time with this and the VSA I thread will pay good dividends in your understanding of how to read markets and, hopefully, your trading.

 

The thread has, however, become quite large, and probably unweildy. So the time has come to move on to VSA III, which you will find here on the VSA forum. I'll shut this down for now, and encourage all interested in VSA to look to the new VSA III thread.

 

Link to VSA III: http://www.traderslaboratory.com/forums/f151/volume-spread-analsysis-part-iii-5915.html

 

Eiger

Edited by Eiger

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Similar Content

    • By vishnux
      Hey guys , what are the main things you look for to detect if the consolidation area is accumulating or distributing ? 
      1 ) I see springs in top , still markup happens and it becomes accumulation area and vice versa
      2) There is lots of volume absorption in support line and still markdown occurs.
      3) sometimes in market high / low it becomes re-accumulation  / re-distribution
      Is there any clear way to find it ? 
  • Topics

  • Posts

    • Date : 3rd April 2020. Inured to the bad news.The markets are relatively inured to the bad news, as the weekly jobless claims have already given us the increasingly ugly news on the labor market. US equities are modestly weaker amid risk-off sentiment and an employment report that revealed a much larger than anticipated -701k plunge in March and a jump in the jobless rate to 8.7% from 7.0%.Meanwhile, the Dollar showed mixed reaction to the employment report. These numbers were worse than expected, though shouldn’t really be a surprise given the more timely surge in jobless claims figures seen the past two weeks. USDJPY initially fell to 108.25 before turning back up again at 108.60, while EURUSD fell to 1.0780 from 1.0800. USDCHF extended gains up to 0.9794, reversing nearly 76% of the decline seen since March 20.EURUSD concurrently carved out a 9-day low at 1.0774, making this the 5th consecutive day of lower lows while extending the correction from the 17-day high that was seen last Friday at 1.1148. The pair still remains above the low seen during the recent Dollar liquidity crunch, at 1.0637, before the Fed and other central banks stepped in to try and satiate the demand for cash dollars. Its overall outlook meanwhile, remains negative, with the asset extending well below all 3 daily SMAs and with its daily momentum indicators negatively configured. Hence the Dollar bid looks to hold.The March establishment and household employment surveys captured more of the early layoffs than the markets had assumed, with massive declines for payrolls and hours-worked, big drops for civilian employment, the labor force, and the participation rate, and the start of the upward march for the jobless rate. Wages were also firm, likely due to the concentration of job loss among lower-paid workers.The specifics: March nonfarm payrolls dropped -701k after February’s 275k increase (was 273k), which ended a 9.5 year run of employment gains. The employment in the goods-producing sector fell -54k from the 57k (was 61k) rise. Service sector jobs slumped -659k after rising 185k (was 167k) in February. Leisure/hospitality jobs plunged -459k from the prior 45k (was 51k) increase. Education/health care jobs were down -76k versus a 65k (was 54k) increase previously. Government jobs edged up 12k, with 18k added to the Federal payroll. The unemployment rate jumped to 4.4% (4.38%) from 3.5%. Average hourly earnings rose 0.4% versus the prior 0.3% gain.The weakness captured in the mid-month March jobs report may prompt downward revisions in the Q1 GDP estimate, on the assumption that the Quarter may capture more of the economic plunge than previously assumed.Beyond the timing of Q1 versus Q2 growth figures, however, the surprise in today‘s report is more the degree to which the surveys captured late-March events than the magnitude of declines, since the bulk of the jobs loss will still be captured in the surveys for April.Since the Fed is already in maximum easing mode, it is unlikely that reports like today‘s will alter the monetary policy path.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. Andria Pichidi 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.
    • Since Yesterday 02 April 2020 CorsaForex Binary Options Broker is out from business We recommend you to trade with Binary. com (Online since 1999) with Binary Options 20$ No Deposit Bonus https://binaryoptionsfree.eu/binary-com-review-great-binary-options-customers-support/
    • re: stocks.  Imo,we have a long ways to go down before we get to ‘value’ .  “Even at the March 23rd low...the Wilshire 5000-to-GDP ratio was at 101.38 percent, the 73rd percentile”   No place to be shopping for 'value' Yet, with all the fake money flooding in, the stock mkt could still soar.  But - up is not really up.  The long ‘bull of the last dacade + was actually ‘bull’sht.  Bullsht = steady injections of more fiat, taking on cash flow dependent corporate debt to finance ‘supply reducing’ buybacks,  malinvestments galore, capital DESTRUCTION - all clouded by a steady stream of FALSE msm narratives and fake numbers - from top numbers (ie GDP, etc.) all the way down to individual corp reports and reporting. ... ie Any ‘bull’ action now is in the  category of obese elephant bull sht... And as I have been posting for years, we can’t use dollars as a measure anymore.  ie  Up is not really up https://mises.org/wire/what-if-fed-did-nothing and using dollars as a measure is getting worse and worse.  ‘money’ not ‘working’ anymore. .. https://alhambrapartners.com/2020/03/31/what-is-the-feds-new-fima-the-potential-for-a-shadow-shadow-run-is-very-real/ https://alhambrapartners.com/2020/03/30/no-dollars-and-no-sense-eighty-argentinas/ ... ” Another day, another trillion dollars.”   re:  “all clouded by a steady stream of FALSE narratives. “  Yes, sweetheart the same thing has been happening in the covidity lockdown ... a steady stream of FALSE narratives  https://medium.com/@caityjohnstone/peoples-skepticism-about-covid-19-is-the-fault-of-the-lying-mass-media-91216ad7fcf3  ... I just chuckle now anytime I hear any US press comment on/ criticise Russia or Chinese ‘disinformation’ .  Imo, China’s ‘Police State’ is currently only a tiny click or two worse than our ‘Pharm State’.   Re:  trading.  It’s been a wild wonderful wide range last six + weeks  to trade.  I have been preparing for it a long time and still didn’t capture as much as possible... for one thing, didn't increase/balance sizing for  those outlier bounces as robustly as I should have, etc ... but still it’s been amazing.  First signs starting to show up that ‘volatility’ is slowing down ... will deal with that by up sizing all positions appropriately. I’m no longer ‘trading’ fx.  I’m now speculating in fx.  ... gradually scaling into a pretty good sized dollar short...  do you make a distinction btwn ‘trading’ and ‘speculating’?   btw atlas shrugged about a “secret coin”.... I’m just sayin’    later... maybe
    • Date : 2nd April 2020. FX Action – 2nd April 2020.A 10%-plus rebound in crude prices catalyzed gains in oil-correlating currencies, including the Canadian Dollar and Norwegian krona, and other commodity currencies, while helping give stock markets a lift after a sputtering session in Asia. The wake of ugly 6.6 mln surge in US jobless claims, which was about double the consensus forecast, weighed on global markets. US equities reversed lower as risk appetite eroded again, taking back earlier gains, while Aussie for example has more than given up intraday gains, with AUDUSD presently pushing on lows at 0.6019, down just over a big figure from the intraday high that was seen during the Sydney session.The massive gain in initial claims, which followed a similarly hefty rise the previous week, was well anticipated but provided a timely reminder of what is to come.USDCAD has dropped by over 0.6%, driven by a bid for the Canadian Dollar amid a 10%-plus oil price surge. The pair posted a low at 1.4079, though has so far remained above its Wednesday low at 1.4060. A Bloomberg report, citing sources with inside knowledge, said that China is moving forward with plans to buy oil for its emergency reserves. Beijing is reportedly aiming to build up a crude stockpile that would cover 90 days of net imports with the possibility of expanding this to 180 days. China is the world’s biggest oil importer and is taking advantage of the 60%-odd collapse in oil prices. USOIL prices posted a 6-day high at $22.55, but still remain down by just over 65% from the highs seen in early January. This level of price decline in Canada’s principal export, while it sustains, marks a significant deterioration in the Canadian economy’s terms of trade. Assuming that China’s buying spree won’t close this gap substantially, given the glut of crude flooding the market, and given that demand will remain weak for a historically protracted amount of time, CAD should remain apt to underperformance. In the medium term, USDCAD could retest its recent 17-year high at 1.4669.Both the AUDUSD and NZDUSD rallied, although both remained within their respective Wednesday ranges against the US Dollar.USDJPY and most yen crosses, in particular those involving a commodity currency, have gained concomitantly with the improvement in risk appetite, which saw the yen’s safe haven premium unwind some.GBP is again ranking among the currency outperformers today, gaining over 0.7% versus the Dollar and by over 0.8% against both the Euro and Yen on the day so far. Market narratives have been pointing to the impact of the Fed’s launching of a new “FIMA” facility (announced Tuesday) , which will start on April 6 and allow foreign central banks to obtain Dollars without selling Treasuries. This will run alongside the swap lines created with 14 central banks, and the two should ease strains in global dollar funding. This is seen as a particular positive for the Pound, given the UK’s recently proven vulnerability to global liquidity shortages, with its large financial sector and dependence on foreign investment inflows (equivalent to about 4% of GDP) to finance its large current account deficit.The Pound had underperformed even commodity currencies during the worst of the recent global liquidity crunch, which ran from about March 10th through to March 19th, before measures by the Fed and other central banks provided a mitigating impact. Sterling lost about 10% of its value in trade-weighted terms over this period, and tumbled by 12% versus the Dollar, hitting a 35-year low, and an 11-year low against the Euro. The worst now looks to be over for the Pound, especially with markets starting to bet that the UK will ask the EU for an extension of its post-Brexit transition membership of the Union’s customs union and single market. Neither the UK nor EU has the resources to conduct detailed trade negotiations under the prevailing circumstance of the coronavirus crisis. This is seen as Sterling positive as it will avoid the possibility of the UK leaving the transition period and shifting a big chunk of its trade onto less favourable WTO trade terms.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. Andria Pichidi 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.
    • No one can specify that who can become successful in what time, it all depends on the skills you have applied and know;edge you have implied while trading.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.