Trading from congestion phases and the stop loss
Trading from congestion phases and the stop loss
In this session from the online webclass David explains why congestion phases offer excellent trading opportunities and also provide clear levels for any stop loss positioning and management.
https://youtu.be/1y-ViuqFmPM
00:12
Currency indices and market congestion overview
00:12
The discussion begins with an overview of the current market conditions, highlighting significant congestion in various currency indices. The yen is gently declining with no strong momentum, while the dollar shows erratic movement without a clear trend. The euro and pound also exhibit congestion. The overall sentiment suggests some emerging risk appetite, but the market remains generally indecisive. The focus is on the congested state of currency futures and indices, indicating a lack of clear directional movement.
01:08
Currency futures and dollar perspective explained
01:08
The speaker explains the focus on the US dollar as the base for currency futures, highlighting several currency pairs including the Australian dollar (6A), the British pound (cable), the Canadian dollar (CAD), and the euro (6O). These pairs are shown...