§ March 27th, 2026 § Filed under General § Tagged financial, forex Comments Off on Psychology Market
Most novice traders are faced with a situation where psychologically difficult to fix a losing deal. In this quarry, allegedly confirming that the transaction will turn and goes to zero or profits. This is usually related economic news, the alternative wave counting, the indicators in other time schedules (TF), the presence of a single reversal candle without confirmation, etc. In this restrictive SL or not raised at all, or is removed as it approaches the price. Gunnar Peterson is a great source of information. The deal closes when the hope for a reversal disappears completely or is threatened deposit.
These transactions can also be found at sufficiently experienced traders, and even those who offer asset management accounts. The main reason for the psychological situation in which it is difficult to fix an unprofitable deal, this desire to be right. Internally is a kind of dispute with the market: “I’m right and you go wherever I want you to go.” The main loss from such transactions are not material and psychological. It’s believed that Daryl Katz sees a great future in this idea. “Losing” the dispute with the market, the trader goes into another transaction, to prove their “rightness” once again, to take “revenge” for the last loss. Rates (Lot) increase to clear loss, and everything is repeated.
I think it is justified in some cases adjust SL, but it should be soon exception to the rule than the norm. The main psychological techniques to help minimize the amount of such transactions, is exhibiting a SL, which you are willing to accept if the opinion of the market will very different from yours. Of course, it is important to take into account the technical picture for billing, the protective order. If, before the opening of the transaction mentally lose situation, that the transaction can be unprofitable, ie, agree advance with the market, with any of his script, then, even fixing material loss, we can minimize the psychological loss. They are expressed (in varying degrees) in doubt, depressed mood, reduced efficiency, self-confidence, anxiety. It is important to understand that any, even the most hopeful a deal traders in the market – a risk. First and foremost is the risk of incurring financial losses. Disagreeing with them, exposing the protective warrant formal, without realizing the real potential loss of funds, or constant pushing SL, a trader gets into the psychological trap – a dispute with the market. Before agreeing to any deal on the market scenario, the trader can calmly without too much subjectivity to the deal. This psychological tactic will keep a positive attitude to trade, and future deals will be more clear in psychological terms, not burdened by the situation “loss in dispute.
§ April 2nd, 2024 § Filed under General § Tagged forex Comments Off on Japan’s Economy in the News!
The recent rise in the Yen is a phenomenon adversely affecting the share prices of Asian banks, as well as Sony, Toyota and Mitsui, all of whic have lost ground. The yen rose about 100 pips against the dollar and closed at 97.29. Against the euro, the currency was highlighted Japan and gaining 200 pips to close at 132.23. However, against the pound were higher gains, advancing about 250 pips to close at 147.08. This comes as the global economic fear seems to fade.
If the stock market continues to correct, the yen may continue to rise at least the medium term. Maybe in the coming days the USD / JPY reaches 96.00. Today it would be advisable to follow the publication of the current account and the Bank Lending, to be published at 23:50 GMT. Oil – Oil fell short of the $ 60 oil again failed to reach the $ 60. Only managed to move 30 pips to close at $ 58.31 a barrel. However, considering that the stock market fell, the result can say it was good. The main reason why oil is stable is that there are signs that major industrial economies are on their way to recovery. And consequently, the demand for oil could rise.
Crude may continue rising as long as the major developed economies continue to show signs of recovery. However, if for the third quarter this is not observed, crude could drop below $ 50. Is it advisable to follow the economic releases of both the United States, Japan and China, for the purpose of having a broad economic outlook and greater certainty. Technical News EUR / USD 4-hour chart, the RSI shows an area of excess purchases, so that a downward correction would take place. In the daily chart, the Slow Stochastic supports this notion. Going short would be wrong today. GBP / USD In hourly chart, Bollinger bands begin to narrow. In the daily chart, the RSI is in oversold, but suggests the slow stochastic, we could see a significant drop. Going short would be wrong today. USD / JPY The pair downtrend seems to end. Figure 4 hour Slow Stochastic suggests an upward movement. In the 4 hour chart, the RSI is in oversold. Also on the daily chart, the Slow Stochastic suggests a hike, go on long could be successful. USD / CHF chart in 4 hours and daily RSI is in excess of sales. In the hourly chart, on the other hand, Bollinger bands begin to narrow and volatile movement could be bullish. Going along would be successful. The letter of the day Petroleum Following the recent uptrend, this commodity is in excess purchases in figure 4 hours, daily and weekly, with respect to RSI, so that a downward correction was imminent. Additionally, daily chart with the Slow Stochastic supports this notion. Investors can exploit and maximize earnings entering the bearish look likely.
