John Elfed

I've been trading Forex for 6 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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Tuesday 19 August: A quiet week ahead?

It's been a subdued start to the week, which I'm putting down to a bit of disappointment regarding ongoing UKRAINE talks and apprehension ahead of JACKSON HOLE. It's a shame MR POWELL'S speech is on Friday and not earlier in the week.

Weekly Review

As with many recent weeks, the week starting Monday 11 August had an overall positive risk environment. A tentative US / CHINA trade truce, hope for peace in the UKRAINE and MR BESSENT pushing for a 0.5bp FED rate cut, all contributed to the positivity. Although 'soft' data

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Wednesday 13 August

Weekly Review

It was nice to see that throughout the week starting Monday 4 August, in the main, the currencies behaved as you would expect in a 'risk on' environment. The underlying positive tone was this week helped by the narrative that a softening US Labour market is likely to

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USD,JPY, CHF. Plus a little bit of psychology.

A fairly subdued start to the week kicked into life with some USD selling today. It's worth noting how much difference a week can make. Following chair Powell's press conference this time last week, I started to wonder if there would be 0 FED rate cuts

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Weekly Review

There was a lot of information to take in during the week starting Monday 28 July. A US / EUR trade deal announcement, US GDP, MICROSOFT earnings all contributed to positive market sentiment as the S&P continued to push all time highs. But in a reminder that anything can

*important: Finding the confidence to enter a trade.

A couple of people have mentioned one aspect of trading particularly difficult to grasp is 'entry and exit points' and finding the 'right time' to enter a trade. Thank you for your thoughts, it's given me the idea to write this: Exit and entry:

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Tuesday 29 July

Weekly Review.

The week starting Monday 21 July was another week of positive sentiment, the S&P continues to hit all time highs and the VIX remains anchored below 17. The upbeat mood was propelled by an announcement of a tariff deal between the US and Japan. The market now thinks

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Thursday 24 July