What everyone ought to know about FXRenew

Why I'm moving to FXRenew

I've been quite vocal about my move to FXRenew recently, in the Coinflipping Skype Room. I would like to tell all my readers why I'm so excited about this move, and what's in it for you!

Sam (the owner) and I both believe in “fighting the good fight”. We will continue to do this in three primary ways:

1. Learning by emulating. By providing you with signals issued by established market professionals with proven track records, you can effectively insert and manage trades as the signal provider does. By doing this manually, you are effectively "going through the motions". If you compliment this with some understanding of "why & how" the signal provider trades, you can progress up the learning curve faster and with more confidence than just by studying lessons or interviewing traders.

By showing you how we do what we do, and giving you access to signals as well, we are both "talking the talk" and "walking the walk".

2. FXRenew has attracted talented traders that currently operate inside the industry. So we can explain in layman terms how the industry truly works and lift the curtain to a certain extent.

3. I will be very active and available to help you:

a) First of all, you will find me in the FXR Chatroom each morning during the London session. SoI will be sharing my thoughts and views for the day in there.

b) I have a Coaching service active for members that want to take the fast track towards consistency and profitability. Sam has also included the full FXR package for whoever decides to undergo Coaching - so it's a great deal.

c) I will gradually be starting some live trading sessions around key market events (NFP, Central Bank meetings, CPI, etc.).

d) I will be busy writing educational articles that you hopefully enjoy.

e) I will be issuing my own trading signals, to compliment the educational contribution. And actually Sam made me believe in trading signals, not as a stand-alone product but as a way to compliment the educational part of the job (which I believe in first and foremost).

In addition to the above, Sam & I have the following beliefs in common:

- Trading can be taught if you focus on the correct things (which is not the entry signal)

- Learning to trade will give you a financial framework that will last you the rest of your life

- Trading is 80-90% psychological and this is the perfect vehicle for transforming your life

- Always tell the truth, even if it hurts

- Always give people the most value possible

2. Coinflipping Corner traders get 25% OFF the Complete FX Renew Offering!

By using this link before March 13th

Coupon code: jupa

You'll get:

4-6 days trades a week on the London open from “our technical analyst to the stars” Steve Lucas. Steve’s firm provides trade ideas to the banks and hedge funds for a hefty sum. Each day he publishes his best idea for FX Renew Customers.

2-5 Swing trades a week from Jim Langland’s, a 36 market veteran with an impressive track record, and 888 the head trader of an award winning hedge fund.

Global Macro FX Trades. Our team combine to implement trades that capture long-term moves in the FX markets of 1000 pips or more.

Multiple delivery methods. Receive Signals via Email, SMS and members only twitter feed.

Copy trading. Learn how to automatically copy the trades of a number of ex-bank and industry traders with verified returns of 100% or more.

Unrestricted access to the 20-Part Advanced Forex Course for Smart Traders. Over 60,000 words in 20 lessons based on the principles and practices of the famous market wizards.

9 Mastering signals Lessons. Any experienced trader will tell you that the signal is only a small part of the equation. Access our acclaimed on-demand lessons that teach you how to become consistently profitable in the forex markets.

5 Advanced position sizing algorithms. You achieve your goals through your position sizing model, and we have custom build some here to help you minimize your risk and maximize your returns.

2 Complete Forex Trading Strategies.Get exact rules and comprehensive videos on how to trade two proven trading strategies designed using the principles of the advanced Forex course.

The Trader Chatroom. Chat live with our traders, get daily calls on the FX markets, and access institutional research and trade ideas – there is no better way to learn and grow as a trader.

How to build a Winning Forex Trading System Workshop. A series of live and interactive webinars held each week over a three month period.

Live Webinars.Held preiodically, we host guest traders that show our clients what they do, giving extra insight and ideas to you.

I look forward to seeing you there!

JupaFX

Weekly Game Plan - 28.2.16

Themes for the week and potential opportunities

Impact of G20: modestly positive most likely. The draft published on Bloomberg hints at four action areas for policymakers:

1. Greater focus on downside risks to the global economy, (and yes, Brexit is one of them) 

2. Greater stress on the use of fiscal policy to combat the slowdown and market volatility. The new language states, ‘We will use all policy tools – monetary, fiscal and structural – individually and collectively to achieve these goals…Our fiscal strategies aim to support the economy and we will use fiscal policy flexibly to strengthen growth, job creation and confidence…’.

3. There are hints of potential cooperation/coordination on markets.

4. There is increased emphasis on creating a framework for monitoring and implementing structural reforms to boost growth.

Main risk events for the week:

-  Risk sentiment will be driven by China PMI survey (Tue) and US NFP (Fri). The manuf. pmi is expected unchanged vs prior at 49.4 (still below 50) whereas the services component should also be steady vs last month's fall to 53.5.

- Aud will aslo be in play with RBA (Tue) expected to leave rates unchanged at 2%, with Q4 GDP (Wed) expected to print 0.5% q/q.

- US employment growth expected to have rebounded in February after the dismal January report. Average hourly earnings are also key and most likely ticked up. The US ISM reports (Tue/Thu) will also show if the economy is slowing or holding up.

- EU CPI is looking gloomy and  risks dropping below zero for the first time in nearly a year. Market participants are pricing in further action at the ECB's meeting: 10bps cut in the deposit rate to -0.4%, and a further expansion of QE, including a possible increase in the current €60bn a month pace of asset purchases.

- UK PMI surveys (Tue/Thu) will also be on the radar, and the market is expecting weakness. This should also keep the lid on Gbp along with the ongoing Brexit narrative.

I've got Gbp and Euro weakness on my radar vs. Cad and Usd Strength going into the week. I'll also take a look at AudCad to see if any (short) tickets appear ahead of the RBA. 

Weekly Game Plan - 22.2.2016

Themes for the week and potential opportunities

-  David Cameron tries to reach an agreement: the referendum date has been set for June but the deal negotiated is not satisfactory and at least 6 of his own cabinet ministers will vote for a Brexit. Boris Johnson did the rest of the damage to Gbp yesterday and so further downside is warranted.

- Risk of downward revision to UK GDP (Thur) since both the industrial and construction sectors, which together make up about one-fifth of the UK economy, look to have contracted in Q4. Of further notice, BoE's Carney will be speaking to the TSC (Tue).

- It is also an important week for the EU, as the ECB prepares for further stimulus in March. President Draghi has reiterated that the ECB “will not hesitate to act” and this week, EU business confidence (today) and inflation prospects (Fri) may weaken again.

- For the US, durable goods orders (Thu) and personal consumption figures (Fri) are  the key releases, but we will also get some Fedspeak from Fischer (Tue), Bullard (Thu), Powell and Brainard (Fri).

- G20 finance ministers and central bankers meet in Shanghai

I continue to favour short GbpCad, GbpJpy positions and also GbpAud this week, diversifying but playing the same GBP-short theme.

Further behind, but still on the watchlist, are UsdCad (short) and EurJpy (short).

Weekly Game Plan - 14.2.2016

Themes for the week and potential opportunities

- US on Holiday Monday, but big week ahead: CPI (Fri) is expected to rise, as Crude stops falling; Empire State and Philly Fed (Tue and Thur, respectively) will also show how much the economy is suffering from a strong USD. But most importantly we will see the FOMC minues (Wed)

- Draghi's testimony to EU parliament on Monday and ECB minutes (Thur) will be the highlights for the Euro.

- Chinese market opens after week-long holiday; trade data (Sun/Mon) will be watched and will contribute to risk on/off sentiment.

- Busy week for UK: inflation data (Tue) expected weak m/m and slightly higher y/y; wage growth (Wed) expected to rise slighly and unemployment might drop slightly. Finally, Retail Sales (Fri) are expected to rise. All of these data points however will not likely shift perceptions at the BoE.

- EU summit (Thurs-Fri) expected to pass verdict on PM Cameron’s renegotiation efforts. Early Referendum date: June 23rd; September at the latest if no deal is reached.

- Some analysts think we are drawing close to another market meltdown as US HY, US Banks, EM assets, EU banks and EU Credit markets are all under pressure.

For now, I continue to look for shorts on EU indices & Crude. I continue to look for longs on Gold. In FX, EurUsd longs & UsdJpy (or other Jpy crosses) shorts continue to be the favoured plays.

Live! Session at FXRenew

Hello to all Readers!

As I announced at the beginning of the year, I'll be strengthening my bond with the team at FXRenew, in order to deliver quality information and assistance to traders that either

- need help getting consistently profitable
- need a community to bounce ideas with
- need a coach to keep them on track and disciplined
- want to stay up to date with industry innovations

My first contribution to the site will happen on February 18th, as I will be inserted into the Forex System Development Workshop 

If you have any questions, feel free to ask. 

If not, I look forward to seeing you there!

Update: the session will go Live! on Thursday Feb.18th at 8.30AM CET/8.30PM Sydney

I will be discussing how I approach the markets.

Weekly Game Plan - 7.2.2016

1. Themes for the Week & Best Opportunities

- Fed Chair Yellen is expected to sound cautious about a near-term rate hike possibilities (Wed/Thu), while the main US data release is retail sales (Fri), expected to remain soft.  We also get to hear from the Fed’s Dudley (voter, dovish) and Fed’s Williams (neutral, non-voter).

If Yellen does indeed sound dovish, like Dudley last week, then we can expect further USD weakness. UsdJpy shorts / EurUsd longs might be a good choice to play Usd weakness.

- Euro area Q4 GDP ‘flash’ estimate expected to rise moderately. We also have German data out this week, which should also be buoyant. All this might actually help the Euro gain against the USD. 

- UK Prime Minister David Cameron to meet German Chancellor Angela Merkel (Fri). Brexit fears are rising, and Cameron needs to build allies in continental Europe. GbpJpy might be a good choice to play any Gbp weakness. 

We finished last week with risk-aversion so it also makes sense to look for shorts on Dax and longs on Gold, so long as the theme lasts.