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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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

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TV show recommendation.

The outcome of the Japanese election has created JPY strength. If you placed a short term JPY long based on the election, I would find it difficult to argue. But, personally, I think any JPY strength will be short lived. Essentially due to uncertainty creating a likelihood of a slower

Weekly Review

The S&P and NASDAQ once again hit all time highs during the week starting Monday 14 July. Which is a sign of confidence despite the ongoing external threats (tariffs / Middle East). I've noticed the current earnings season wasn't approached with as much trepidation as

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