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FX Lord Ice
Swing Trader
Swing Trader
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Did you know, you need 10,000 hours to master something!?

If you're talented, you can do it in 5,000 hours. BUT... you still need to practice... a lot! (I've read a book about it. I just can't remember the title, right now).

If this would be easy, everyone would be a full time trader. It's a struggle. And you need to be highly motivated, in order to overcome the hard days, during your learning curve development ...

#forex #trader #course #fxlordice

Hope this helps.

Ice.
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Money Management Program (for all my former students, only).
____________________________________________________________

The program purpose, is to ask for help, once you have completed all my "6 Months Forex Course" lessons. We will mainly focus on the Advanced Technical Analysis and Portfolio Management, for your real money trading accounts. So, it's really important to understand completely my trading system and style to participate in this (I am aware it's not easy, though; it can takes years to master it).

All the posts will be under my approval. In this way, I'll make sure I will not miss any. But you can propose topics or discuss with the others, based on their analysis. And I'm always gonna drop my two cents, whenever I have some recommendations or guidance, for you.

Therefore, will receive free access those that:
- have the "Master Trader" title (unlocked all the 4 modules: Beginners Class, Intermediate Level Class, Advanced Level Class and Master Class)
- attended in ALL my lessons, previously and confirmed they understood each tool and lesson, by posting charts for my review, until at least one final chart was correct, imho (you can have as many posts and charts you consider necessarily, though, now or in the future).

For all my other Master Traders students, that didn't completed the course, yet, I might offer you the read only mode. But, you won't be able to post, nor getting involved into conversations. In fact, I recommend you to stay away from this section, until you have actually completed the whole course, on your own pace.

Hope this helps.

Ice.
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#EconomicCalendar* for the week September 11 - September 15 * * , 2017: https://www.forexfactory.com/calendar.php

* London hours in my charts, as usually.
* * Low Impact news & Non-Economic, removed

#Forex, #NewsRelease, #Fundamentals, #fxlordice

NOTES:

- Usual Effect: Actual > Forecast = Good for currency
- Meetings/Speaks Usual Effect: More hawkish than expected = Good for the currency

#USD:

- JOLTS Job Openings - Job Openings and Labor Turnover Summary: It's released late, but can impact the market because job openings are a leading indicator of overall employment; Number of job openings during the reported month, excluding the farming industry; Released monthly, about 40 days after the month ends;

- PPI m/m - Producer Price Index: It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer; Change in the price of finished goods and services sold by producers; Released monthly, about 14 days after the month ends;

- Crude Oil Inventories: It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods; Change in the number of barrels of crude oil held in inventory by commercial firms during the past week; Released weekly, 4 days after the week ends;

- CPI m/m - Consumer Price Index: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; Change in the price of goods and services purchased by consumers; Released monthly, about 16 days after the month ends;

- Unemployment Claims: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; The number of individuals who filed for unemployment insurance for the first time during the past week; Released weekly, 5 days after the week ends;

- Core Retail Sales m/m: Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends; Change in the total value of sales at the retail level, excluding automobiles; Released monthly, about 13 days after the month ends;

- Prelim UoM Consumer Sentiment - University of Michigan: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; Level of a composite index based on surveyed consumers; Released monthly, around the middle of the current month;

#GBP:

- CPI y/y - Consumer Price Index: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; Change in the price of goods and services purchased by consumers; Released monthly, about 16 days after the month ends;

- Average Earnings Index 3m/y (ncluding Bonuses): It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; Change in the price businesses and the government pay for labor, including bonuses; Released monthly, about 45 days after the month ends;

- Unemployment Rate - ILO Unemployment Rate, Jobless Rate: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; Percentage of total work force that is unemployed and actively seeking employment during the past 3 months; Released monthly, about 45 days after the month ends;

- MPC Official Bank Rate Votes - Bank of England (BOE), Monetary Policy Committee (MPC): The BOE's MPC meeting minutes contain the interest rate vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on interest rates and how close the committee is to enacting a rate change in the future; The vote is reported in an 'X-X-X' format - the first number is how many MPC members voted to increase interest rates, the second number is how many voted to decrease rates, and the third is how many voted to hold rates; Released monthly;

- Monetary Policy Summary: It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes; More hawkish than expected is good for currency; Released monthly;

- Official Bank Rate: Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future; Interest rate at which the BOE lends to financial institutions overnight; Scheduled monthly;

- Asset Purchase Facility: It increases demand for bonds which usually leads to lower long-term interest rates; Total value of money the BOE will create and use to purchase assets in the open market; Scheduled monthly;

- MPC Member Vlieghe Speaks: BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Due to speak about the outlook for the UK economy and monetary policy at the Society of Business Economists’ Annual Conference, in London. Audience questions expected; External BOE MPC Member Gertjan Vlieghe;

#AUD:

- NAB Business Confidence - National Australia Bank: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; Level of a diffusion index based on surveyed businesses, excluding the farming industry; Released monthly, about 11 days after the month ends;

- RBA Assist Gov Debelle Speaks - Reserve Bank of Australia: He's responsible for advising Reserve Bank Board members - who decide where to set the nation's key interest rates - on matters relating to economics, and his public engagements are often used to drop subtle clues regarding future policy shifts; Due to speak at the King & Wood Mallesons workshop, in Sydney. Audience questions expected;

- Employment Change: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; Change in the number of employed people during the previous month; Released monthly, about 15 days after the month ends;

- Unemployment Rate: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions; Percentage of the total work force that is unemployed and actively seeking employment during the previous month; Released monthly, about 15 days after the month ends;

#CHF:

- PPI m/m - Producer Price Index - It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer; Change in the price of goods and raw materials purchased by manufacturers; Released monthly, about 14 days after the month ends;

- Libor Rate - London Interbank Offered Rate (Libor), Swiss National Bank (SNB): Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future; London interest rate for 3-month Swiss franc deposits; Scheduled quarterly;

- SNB Monetary Policy Assessment - Swiss National Bank: It's the primary tool the SNB Governing Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions; More hawkish than expected is good for currency; Scheduled quarterly;

#CAD:

- NHPI m/m - New Housing Price Index: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; Change in the selling price of new homes; Released monthly, about 40 days after the month ends;

#EUR

- German Buba President Weidmann Speaks - Deutsche Bundesbank (Buba), European Central Bank (ECB): ECB Governing Council members vote on where to set the Eurozone's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Due to speak about monetary policy after a crisis at Goethe University, in Frankfurt; Deutsche Bundesbank President and voting member of the ECB Governing Council May 2011 - Apr 2019. He's believed to be one of the most influential members of the council;

#NZD

- Business NZ Manufacturing Index - Performance of Manufacturing Index: Survey of manufacturers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Released monthly, about 13 days after the month ends;

Hope this helps.

Ice.
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Latest #COTReports, as of September 5, 2017 (updated September 8, 2017 - scroll way down, in the Reports).

This can help you, to consider your next #ForexTrading week positions, based on the #MarketSentiment analysis.
Traders Sentiment - not so well known - it's 3rd type of financial analysis, among #TechnicalAnalysis and #Fundamentals (a.k.a. #NewsRelease):

➤ Traders in Financial Futures - #Futures Only Positions:
https://www.cftc.gov/dea/futures/financial_lf.htm

➤ Traders in Financial Futures - #FuturesAndOptions Combined Positions: https://www.cftc.gov/dea/options/financial_lof.htm

#CommitmentOfTraders, #COT, #Forex, #fxlordice

NOTES:

➤ Release schedule: https://www.cftc.gov/MarketReports/CommitmentsofTraders/ReleaseSchedule/index.htm

➤ Email subscription: https://service.govdelivery.com/accounts/USCFTC/subscriber/new

➤ Explanatory Notes: https://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm

Hope this helps.

Ice.
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#EconomicCalendar* , for the week August 21 - August 26 * * , 2017: https://www.forexfactory.com/calendar.php
* London hours in my charts, as usually.
** Low Impact news & Non-Economic, removed

#USD:
- Is still the world's "reserve" currency. If the #US and the #Dollar will have problems, it will become the world's problem. I'm not asking for support. I'm asking you, to think twice when you, "want" it to go down (as many articles were written in the last week).
The next week #FOMC speak, might just pave the way, for the next #Yellen speaks, from the late September.

#OILs:
- We still rely on the Oil. And no, I'm not talking about your car gas... Oils it's beyond that. OIL is the world's economy health indicator. Or should I say world's productivity "engine" and power.
Therefore, the #CrudeOil Inventories, point us how we're standing, when it comes to the growth or the slow down... of the industry. And... I have to remind you, the previous reports, were pointing us a slow down by 50%...each time.

#EUR:
- The biggest issues, is the EU #DebtCrisis. The skyline is cloudy when it comes to #Greece, #Italy and #Spain. But it might worth to take a look at #Ireland and #Portugal, as well, in the #EuroStats reports.
Therefore, I expect, the #ECB President #Draghi Speaks, to be #Dovish, until the Q3 end. If they'll try to do their tricks, now (#InterestRates), when the #SummerSeason is close to be over, in the Q4 (overlapping H2 reports), they won't be able to hold the #Euro keep floating.

#Inflation trend in the world, is low, which basically means, the world's economy is slowing down - not due to the Summer Season, but from the beginning of the year. This forced many #Centrals to #CutRates, while other preparing to do so (#QuantitativeEasing) or to do it again.
Inflation targets, around the world, per country and zones, are not realistic numbers, imho.

#JacksonHoleSymposium, with the #JanetYellen and #MarioDraghi Speaks, #Tapering subject is on the table. But also, the #QE and #MonetaryPolicy suited for the actual economy's health (or should I say the non healthy economy).

Hope this helps.

Ice.
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Latest #COTReports, as of August 15, 2017 (updated August 18, 2017 - scroll way down, in the Reports).

This can help you, to consider your next #ForexTrading week positions, based on the #MarketSentiment analysis.
Traders Sentiment - not so well known - it's 3rd type of financial analysis, among #TechnicalAnalysis and #Fundamentals (a.k.a. #NewsRelease):

➤ Traders in Financial Futures - #Futures Only Positions:
https://www.cftc.gov/dea/futures/financial_lf.htm

➤ Traders in Financial Futures - #FuturesAndOptions Combined Positions: https://www.cftc.gov/dea/options/financial_lof.htm

#CommitmentOfTraders, #Forex, #fxlordice


NOTES:

➤ Release schedule: https://www.cftc.gov/MarketReports/CommitmentsofTraders/ReleaseSchedule/index.htm

➤ Email subscription: https://service.govdelivery.com/accounts/USCFTC/subscriber/new

➤ Explanatory Notes: https://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm

Hope this helps.

Ice.
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Latest #COTReports, as of July 25, 2017 (updated July 28, 2017 - scroll way down).

This can help you, to consider your next #ForexTrading week positions, based on the #MarketSentiment analysis. Traders Sentiment - not so well known - it's 3rd type of financial analysis, among #TechnicalAnalysis and #Fundamentals (a.k.a. #NewsRelease):

➤ Traders in Financial Futures - #Futures Only Positions:
https://www.cftc.gov/dea/futures/financial_lf.htm

➤ Traders in Financial Futures - #FuturesAndOptions Combined Positions: https://www.cftc.gov/dea/options/financial_lof.htm

#CommitmentOfTraders, #Forex, #fxlordice

NOTES:
* Release schedule: https://www.cftc.gov/MarketReports/CommitmentsofTraders/ReleaseSchedule/index.htm
** Email subscription: https://service.govdelivery.com/accounts/USCFTC/subscriber/new
* Explanatory Notes: https://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm

Hope this helps.

Ice.
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#EconomicCalendar, pointing us, an easy Monday's #OpeningBell: https://www.forexfactory.com/calendar.php

Careful, though, for the last half of the week: significant #NewsRelease, for the #UK, #US and #CA.

London hours in my charts, as usually.

Hope this helps.

Ice.
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#ECB Press Conference (#InterestRate). Would #Draghi follow the #Merkel's "underrated" EURO idea or not? #RateHike or #Dovish speech?

The truth, might be found on the charts. My HTF charts never lie to me.

But, feel free to see for yourself the official numbers from #EuroStat: http://ec.europa.eu/eurostat/statistics-explained/index.php/Inflation_in_the_euro_area

Inflation, is below the #ECB task, in June 13, 2017 -> 1.3%, down from 1.4 % in May 2017:
https://www.ecb.europa.eu/stats/macroeconomic_and_sectoral/hicp/html/index.en.html

Hope this helps.

Ice.
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