The secret to trading like a HedgeFund manager…

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Macroeconomics drive the market and are key for traders looking for an Edge. The only downside is, macroeconomics can be overwhelming and confusing. BUT it doesn’t have to be…

Our all-in-one market scanner, The EdgeFinder, automatically scans economic data. Using its unique AI technology, it interprets this data by generating bullish or bearish indications on indices, currencies, & commodities. Without having the leave the platform, you can view recent data and quickly identify if recent news was bullish or bearish for your favorite markets.

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Stopped out on OIL! Seems like momentum has faded in this.

-Nick

The best feeling 🫶

LA lalalala la la la lalala laaaa

My best trade of the day was stopping out….

Managing risk is the #1 most important thing in trading!

Down ~$950 instead of 3k+ - Nick

Prop traders: which one of these would you prefer...?

1️⃣ Option 1: A one-step evaluation with 10% profit target, 4% daily drawdown and 6% max drawdown for $475.


2️⃣ Option 2: A two-step evaluation with 8% profit target in stage 1 and 5% in stage 2. 5% daily drawdown and 8% max drawdown in both stages for $400.

GBPUSD is one of the strongest bearish pairs on the EdgeFinder right now. The score is now -10 due to the downtrend slowing a bit. Retail is still long this pair while COT continues to buy USD and sell GBP. Because this pair is somewhat correlated to the US stock market, it will likely suffer more loss if the market does.

With threats of retaliation from Israel on Iran, investors look to put their money elsewhere outside of risk-favoring assets. So, they may flock to things like gold or the dollar, which is likely why the pound is seeing more funds pulled out of the currency from smart money.

Data from the A1 EdgeFinder
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Russell 2000, 4H chart: I am short! Let's see how it goes. I've written up my reasoning below.

- Interest rates look like they may remain higher for longer. This bodes poorly for the russell 2000, which is an index comprised of smaller cap stocks that are more interest rate sensitive. This is due to their larger need for borrowing, as well as having less cash on hand when compared to large cap companies (S&P500)
- Retesting resistance, downtrenc, 20 period moving average retest. Stops above structure
- EdgeFinder bearish reading on the indices data scanner page

- Nick

EdgeFinder's Indices Data Scanner Page: Russell 2000
- Nick

Gold is still very strong on the 1D timeframe. Price clearly does not want to break under the support zone around $2300 despite rising yields. This is a concerning indication to investors that we could be in a heavy risk-off environment suddenly.

Rate cut forecasts keep getting pushed back further into the year, and at this rate, may get pushed into next year. The shift we saw in October through March was an optimistic one, but now it seems like we are back to the strict monetary policy we thought was over. -Frank

Small cap stocks are taking the biggest beating right now due to their highly sensitive nature to interest yields and borrowing costs. Geopolitical tensions are also not going to help this index perform well if sentiment turns to risk off.

Despite strong economic data, it is actually hurting optimism in the short term due to the fears of higher interest rates for longer. The market is trying to pare some of the losses from the last few days, although the S&P and NASDAQ have broken under significant levels on the 1D timeframe.

Data from the A1 EdgeFinder
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Russell down.. - Nick

Retail is betting heavily on crypto right now. The majority of the crowd is bearish dollar despite the continued rise in yields. The US indices are now mixed after being in retail's short positions. This could be a sign that traders are getting more bullish on stocks.

Data from the A1 EdgeFinder
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GBPUSD shifted from appearing more bullish to mixed as COT has flatlined the number of positions added to the long side on this pair. Meanwhile, retail is getting increasingly long indicating that the pair could dip further.

Data from the A1 EdgeFinder
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Unemployment claims came in lower than expected but matched last month's number of 212K claims. Lesser claims than expected is a good sign that unemployment is slowing down and the job market is still in line with Fed policy.

Data from the A1 EdgeFinder
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USD/CAD Has A Very Bullish Reading Today! 📈