Foundations of Technical Analysis: Trading Event Risk

Foundations of Technical Analysis: Trading Event Risk

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Foundation of Technical Analysis: Building a Trading StrategyCheck out the complete series and webinar archives

Trading Event Risk

In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we discuss how we approach the markets during times of major event risk. Should this really change the way we trade? Not necessarily- while these times can often fuel massive surges in volatility, price action will always be our guide. Depending on the setup and where price is with respect to trend, the event can offer exits on existing trades OR fresh entries for new opportunities.

A review of price action in the aftermath of today’s U.S. Non-Farm Payroll report (NFP) shows how these events can offer opportunities within the confines of a given setup. Adjusting trade size is always important and being mindful of your exposure is paramount during these times of excess volatility- but let price be your guide.

Topics discussed:

  • Trading Event Risk – Review of today’s post-NFP price action
  • Approaching the ‘turn’
  • Fade / Exhaustion trades
  • The multi-timeframe approach
  • Q&A Session

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A review of the latest AUD/USD & AUD/JPYsetups published earlier this week highlight live examples of how we utilize our technical approach to translate an idea into an actionable trade.

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—Written by Michael Boutros, Currency Strategist with DailyFX

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Published at Fri, 09 Mar 2018 17:09:00 +0000

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