Early Morning Update

“The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is more than the whim of the gods and that men and women are not passive before nature. Until human beings discovered a way across that boundary, the future was a mirror of the past or the murky domain of oracles and soothsayers who held a monopoly over knowledge of anticipated events.” – Peter L. Bernstein

If you missed our latest posts, here are the key levels for > NZDUSD AND GBPUSD. These remain two of the most interesting chart for this week.
In today’s webinar we are going to update our outlook on indices and our FOMC/OPEX setup:
As you can see in the above chart, it’s really important to understand context and flows into these events. It’s worth taking the time to study to avoid blindly fighting flows and overall, just making things harder than they should be.
Note for active 50Scouts members: *make sure you read our latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
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For newer readers, it’s always worth catching up on our Trading Reflections post.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate check out our Premium content.
Wishing you a great day ahead.

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