Daniel Stein / Profil

Update on today’s Morning Briefing

The AUD did exactly what we expected this morning and continued its downtrend. So, most of our trades hit their profit target.
The AUDNZD trade was pointless because there was no more power in the NZD, as also expected and bespoken this morning.
Anyway, it’s well documented and we learned something of it.

However, we're very happy with the overall result, the precision of our morning analysis and the profits achieved. 😎

All the best and happy trading
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

today we’re starting with a healthy and stable market, as you can see at the rising total volume history line below the panels. The NZD BUY trend is a result of today’s RBNZ rate decision, who decided to rise the interest rates for the NZD with 0.5% more than expected. However, this explosive move happened directly afterward, and so we can ignore NZD for today.

We focus on AUD, which provides the second most significant change in terms of Net Long and Total Volume. So, we expect the AUD to continue it’s indicated SELL trend as long as these conditions remain stable.

All the best and happy trading
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Trading result of the previous message

Update on todays Morning Briefing

Around an hour after the London opening, we noticed the GBP started to rise in terms of its Net Long Volume, and it’s Total Volume. So, we took the chance and traded the GBP against all other currencies.

Another 45 minutes later, it’s been 100%  clear that the GBP is the currency in the focus at the London session, with a rise of almost 10% in total in a stable market environment with rising interest.

So even with a late entry, one would have achieved great profits with zero drawdown.

We closed the trades now, and are happy with our profits before the NY session starts.

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

as you can see, there is not much to expect from the market so far. The total volume drops constantly, and besides the AUD weakness as consequence of the RBA interest rate decision, there is nothing promising visible. But because this AUD down move is NOT covered by a rising volume, we’ll let it go without trading, and just monitor.

We’ll see which currency comes up next as soon with a rising market interest in form of new trading positions.

All the best and happy trading
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

at the beginning of this new trading week, we see (again) a mixed picture in terms of retail trading volume. The USD shows the most significant change in its Net Long Volume, with almost 30% changing to the Long side, and covered by a rising interest in USD positions. 

However, the total volume in USD positions and the total market volume, which is dominated by the USD pairs, already dropped since the London pre-market opened. And we also see that most of the USD pairs reversed since then.

So, I highly recommend waiting until the market stabilizes, and have another look at it as soon as we see this total volume history line rise again.

Best regards
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

If you have never used FX Power on your MT4 before, this is the ideal tool to download all the necessary market data at once, and fully automated.

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

today we see a mixed picture in terms of retail trading volume. The NZD provides us with a seductive setup ticking all boxes, but the total market volume has dropped slightly since it’s peak around 4 hours ago as illustrated by the history line below the panel. When checking the NZD pairs, you’ll also see that this uptrend is already over.

So, this will be another Friday where I don’t think it’s worth risking anything. Of course, there will be some movement in the market, mostly during the NY session, but we ignore it because it doesn’t suit our trading approach.

So, we’re happy with the profits achieved and look forward to the next week, and it’s upcoming trading opportunities.

All the best, and happy weekend
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Trading result of the previous message

Update on todays Morning Briefing

The London session was, as expected, pretty boring due to the constantly dropping volume across all currencies, but right upfront the NY session a new opportunity appeared on the USD. The FXV screenshot was taken at 13:02 London Time.

Why did we take the USD, and not GBP? 
Because the USD showed the much bigger change in the Net Long Volume related to it’s total volume than the GBP did.

I hope you guys had a great trading day too.

All the best
Daniel

Back to our daily volume analysis:

The FX Volume panels provide us with a pretty strong NZD downtrend during the last 8 hours, which is unfortunately already over, as we can see in the NZD total volume history line and NZDUSD as the main force in this currency. We’ll see if there is something better coming up during the London session.

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

Today, I’d like to explain why the Myfxbook calendar is becoming more and more ridiculous. This screenshot displays high-impact news for the EUR and lists inflation rates for German federal states, states that are smaller than US cities. This is nuts, or do we really care about the inflation rate of Las Vegas or Miami or the Provence (France) or Tuscany (Italy) when trading? Due to this misleading classification of news events, I clearly prefer using the ForexFactory calendar.

Update on today’s Morning Briefing

Due to an appointment this morning, I had to take the JPY trades very early, and way before the London Opening. In hindsight, it would have been better to wait for a FXV/FXP Divergence, but the result is positive anyway. 

AJ and NJ hit their SL, which cost us 2R in total. The 4 other JPY pairs hit their TP, which brought us 8R of profit. So, ultimately, we closed the day with a 6R profit, which also covers our yesterday's loss of 3R.

I hope you guys have been successful, too, and I’m excited to provide you the next volume analysis tomorrow morning.

All the best,
Daniel

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

Today we see a clear downtrend for the JPY. More than one quarter of all JPY positions turned sell, covered by a massively rising interest in JPY positions. However, it seems the JPY pairs struggle at their today's highs, and the London session lacks of dynamic in supporting this trend so far.

However, the JPY is, volume-wise, the only interesting currency so far, and we have some high-impact USD news coming up which needs to be considered in today's trading, too.

So, if you’re unsure, better stay out until you feel comfortable with a new opportunity.

All the best and happy trading
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

Today we see a clear downtrend for the USD, and more or less strong uptrends in most other currencies. We assume this situation remains stable until the NY session, and the upcoming news later today.

All the best and happy trading
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Update on today’s Morning Briefing

Less than an hour ago, we mentioned the JPY weakness, with the chance to gain some pips if (!) we ignore the volume information. 

In the screenshot above, you can see that it’s not even worth thinking about a trade if there is no support by a rising total volume. 

The JPY weakness collapsed quickly and the JPY rose quickly against all other currencies, and all involved trading pairs.

⚠️ Conclusion: If there is no rising volume, there is no reason to trade at all. ⚠️

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

Today we see only minor changes in the Net Long Volume, and, apart from the NZD, no rising interest in new trading positions.

The JPY lost the most during the Asian session, and started weak into today's London session. So, independent of the trading volume, the JPY offers currently the highest chance to gain some pips on a short-term basis.

All the best and have a great start everyone
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

today's trading sessions didn’t provide us with any clear trends, and I don’t expect any on a Friday, due to the reasons I explained last Friday.

If you trade, nevertheless, please be aware of few high-impact news published throughout the day because they are, most probably, responsible for the spikes and (false) breakouts you might see.

That’s it from us for this week. We’re happy with the achieved profits, and hope you enjoyed it too.

All the best, and happy weekend
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS

Stein Investments Morning Briefing

⚠️ This informal service is currently in a beta stadium and no trading advice. Please do your own research before trading. ⚠️

Good morning everyone, 

Today is indeed a bit hard to judge. The USD pairs already reached their yesterday's highs and lows, but have been rejected. After yesterdays high-volatile FED event, it's questionable if there is enough power in the market to push the USD pairs beyond these limits.

The USD and EUR currently stagnate in terms of Net Long Volume and Total Trading Volume. So, it's possible we'll see an end of today's trend moves with these currencies involved.

Remains the NZD as the last currency with some potential from a volume perspective, and it's currently strong in all aspects. So, we'll monitor this closely and see if there is some potential to gain some pips.

All the best and happy trading
Daniel

Get your daily update with details and screenshots at our Telegram News channel at https://t.me/STEIN_INVESTMENTS_NEWS