US Retail Sales Report ahead of the Fed Meeting in December

Importance of Retail Sales Report The US October Retail Sales report is one of the most important economic data releases and will be economic releases the Federal Reserve will review before its December 10 FOMC meeting to decide on its interest rates stance. The report is also crucial in helping us determine whether US consumers … Read more

Position Sizing

Position sizing is important to understand in order to prevent over-exposing/over-leveraging your account, position sizing is very important to ensure trading consistency. About 77% of retail traders lose their whole account due to incorrect risk management. This article goes through some basics on how to calculate your risk/exposure on a trade. What is a “lot” … Read more

Trading with Multiple Indicators

So far, we have introduced almost all of the most popular technical indicators; this article will group these indicators into four major categories and present possible strategies to profit from signals given by a combination of such indicators. Technical indicators can be defined as overlays on the chart that provide traders with additional information about … Read more

Weak US Manufacturing and Non-Manufacturing Data & Its Impact on the Market

Importance: The downward trend of the US ISM Non-Manufacturing data and continual contraction of the US manufacturing sector is vital in understanding how rising concerns about weak global growth and global trade tensions is impacting the US economy and by extension the labour market. Although recent US labour market figures showed unemployment rate reached new … Read more

Parabolic Stop and Reverse (Parabolic SAR)

Definition The Parabolic Stop and Reverse signal abbreviated as SAR, is a technical indicator used to predict short-term trend direction, potential reversals in price and provide signals for exit and entry points. On a chart, the indicator is represented by a series of dots, either above or below an asset’s price, depending on the direction … Read more

Average True Range

Definition of Average True Range (ATR) The average true range (ATR) is a technical analysis indicator that measures market volatility by decomposing the entire range of an asset price for that period. The true range indicator is originally designed for use with commodities markets but has since been applied to all types of securities. To … Read more

Fibonacci Retracement

What are Fibonacci Retracement? Fibonacci Retracement utilises Fibonacci sequences to identify potential reversal levels. In technical analysis, a Fibonacci Retracement is created by taking the two extreme points (major peak and trough) and dividing the distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%. Once these levels are identified, horizontal lines … Read more

Upcoming FOMC Rate Decision & Its Impact on the Market

The FOMC (Federal Open Market Committee) holds eight regular scheduled meetings during the year, as well as other meetings if needed. The upcoming 30-31 July meeting has already caused rising confusion in the wake of market-moving speech by one if its top officials. Hence, the communication challenge faced by the US central bank has raised … Read more

Ichimoku Kinko Hyo

The Ichimoku Kinko Hyo is a versatile technical indicator that is commonly used to gauge future price momentum and direction, along with future areas of support and resistance. This indicator is most commonly used on JPY (Japanese Yen) currency pairs. In Japanese, “ichimoku” translates to “one look,” or “glance” , “kinko” means “equilibrium” or” balance” … Read more