Trading Education – Part 2 – Dang’s high frequency trading system & 20-year trading plan [Video]

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In the second part of trading education show, Dang details his high frequency trading system which involved intraday trades on 12 currency pairs three days a week – Tuesday, Wednesday, Thursday. This means in one week he can have maximum of 36 trades.

Dang goes on to discuss the difference between being a good analyst and good trader, with the later being a difficult task. No wonder there is a saying good analysts are dime a dozen! The segment also includes discussion on social trading.

While concluding the show, Dang details his 20-year trading plan.

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EUR/USD remains bid, focus stays on 1.1900

EUR/USD has broken its two-day run of losses and is ticking modestly higher on Thursday, hovering around the 1.1880 area as the US Dollar struggles to find clear direction. Weekly Initial Jobless Claims rose more than expected, taking a bit of shine off the Greenback, but markets are largely in wait-and-see mode ahead of Friday’s US CPI release.

GBP/USD sticks to the bid bias, still below 1.3700

GBP/USD is trading with decent gains around 1.3650 on Thursday. Indeed, Cable is attempting to shake off the weakness seen earlier in the week amid another choppy session for the Greenback, while a run of disappointing UK data has so far failed to derail the pair’s tentative recovery.

Gold recedes slightly, trades below $5,100

Gold remains stuck in choppy trade on Thursday, deflating marginally just below the $5,100 mark per troy ounce as the US Dollar drifts without a clear trend. Softer US Treasury yields across the curve are offering some support, but with markets treading carefully ahead of Friday’s US CPI release, conviction remains limited and price action continues to look hesitant.