John Elfed

I've been trading Forex for 8 years consistently profitable. I've been through all the emotions associated with trading and my quest is to share my knowledge in the hope it can help others.

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Weekly Review

It was very pleasing that, by and large, the week starting Monday 24 November was a 'risk on' week. Following on from the 'WILLIAMS' comments the previous Friday, the positive mood was enhanced by some 'goldilocks' US data on Tuesday. And the 'risk

Trading quiet markets

As North America celebrates Thanksgiving, US stock and bond markets are closed. The currency market continues as normal. 'In general' a good rule of thumb in quiet markets is that 'movent continues in the prevailing direction'. Although likely very slowly. It is very pleasing that the

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Weekly Review

Overall market sentiment was, at best, 'choppy' during the week starting Monday 17 November. A continuation of recent themes (AI overvaluation concerns / hawkish FED repricing) ensured an underlying tentativiity throughout the week and any positivity was short lived (NVIDEA earnings / GOOGLE positivity). Even the return of NFP, with

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Wednesday 19 November

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Weekly Review

The week starting Monday 10 November began with positivity. It was mooted the US government shutdown was coming to an end, combined with dovish rhetoric from Japan's government and all was well. But by Wednesday, the shutdown ending announcement didn't bring with it an extension of

Friday 14 November

Thursday 13 November

Tuesday 11 November

The positive environment has been dented slightly by NVIDIA falling (thanks to SoftBank selling shares) and the ongoing US / CHINA 'rare earth grapple'. But it hasn't dented my view of looking for 'risk on trades'. The GBP recovered from disappointing EMPLOYMENT data, perhaps propped

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Weekly Review

I found the week starting Monday 3 November to be a difficult trading environment. On the surface, all is well. Central banks are cutting interest rates during a reasonably strong economic environment. Inflation is gradually falling, the US and China trade negotiations are tentatively positive. Company earnings continue to exceed

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