Good morning. In 2015, Switzerland shocked the markets by suddenly removing its 1.20 EUR/CHF currency peg, sending the franc soaring nearly 30% in minutes.
It was so violent that several brokers went bankrupt overnight, proof that when central banks surprise, the market doesn’t just move… it erupts.
-Shaun A, Jonathan Kibbler, Jordon Mellor
MARKETS
How’s your favorite today?
Prices supplied by Google Finance as of 4:00am ET - stock prices as of close. Here is what the prices mean.
TRADER INSIGHTS
The Power of Partial Profits
I’ll be real with you, nothing used to sting more than watching green turn to red.
You do everything right: time the entry, respect the structure, even wait for confirmation… and then poof, market reverses, your unrealized profit vanishes, and all you’re left with is a screenshot of what could’ve been.
It’s not bad analysis, it’s bad management.
That’s the day I learned: entries get attention, but exits build accounts.
So instead of trying to predict the top or bottom, I started focusing on how to protect what’s working. And that’s where scaling out came in, my quiet hero that turned frustration into focus.
Here’s What You Need to Know
1. Partial Profits Protect Your Mind, Not Just Your Money
The first partial exit is like taking a deep breath in the middle of chaos. You instantly calm down because you’ve secured something.
That small win removes pressure and when pressure drops, clarity returns.
Personally, once I bank a partial, I stop hovering over the chart. I let it play out. That’s when my best trades usually unfold.
2. Break-Even Isn’t a Panic Move, It’s a Plan
I used to move stops to break-even out of fear. Now I do it with purpose.
When partials are locked, break-even becomes a logical reset point, not an emotional lifeline.
If the market flips? I walk away flat and fine.
If it continues? I’m still in the game with zero stress. That balance is everything.
3. Scaling Out Builds Patience, Not Hesitation
Funny thing: the moment you stop needing the trade to win, you finally let it breathe.
Partial profits give you patience. You stop trying to control every tick and start managing the bigger picture.
And that’s when consistency starts to replace luck.
My Takeaway
If you’ve ever watched a winning trade fade to nothing, I get it.
But once you learn to scale out even a small piece, everything changes. You protect your edge, your mindset, and your ability to think clearly when it matters most.
Trading isn’t about catching every pip. It’s about keeping what you’ve already earned.
And trust me, nothing feels better than closing the chart knowing you actually got paid this time.
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FOREX
To Sell or Buy This Forex Pair?
When identifying markets to trade I always turn to my trusted currency strength meter.
Over the course of the past few weeks one thing has been certain.
The Swiss Franc is one of the strongest currencies. The Japanese yen has been one of the weakest.
My attention is firmly on CHF/JPY, but for more than one reason.
The Why?
As always I will be applying my W.C.S method to determine if there is a trading setup for us.
And with this market, there are two cases to be made.
First, the bullish one:
CHF strong and JPY is weak.
Safe haven switch, because the CHF has lower interest rates than the JPY, institutions are favouring the franc in times of uncertainty.
The fear and greed index sits in the “fear” camp despite stock markets making all time highs.
Second, the bearish case:
When the CSM reaches +5 or -5 it signals a currency is extremely strong or weak, and is susceptible to short term reversals. CHF is at +7 and JPY is at -5.
Japan’s recent economic data surprises is seeing swaps markets pricing in a 50% chance of a rate hike in December by the BoJ. 50/50 isn’t a safe bet by any means but it was 0 a few weeks ago.
The Conditions
The weekly chart is clearly in an upward trend with the price making higher highs and higher lows.
However, the weekly chart could be considered to be in a secondary phase, meaning the price is pulling back against the dominant trend.
On the right side of the screen, the H4 chart shows the price breaking into new lows. This combined with the price trading below the 50MA suggests that price could be heading lower in the near term.
We can also see a gap has formed between 187.00 highs and 185.00 lows. This gap could be a target.
The Strategy
In my rules, I can look for short-term short positions here.
I know this is a counter trend move so I will use a lower risk, and I will look to target the 187.00 level as long as the H4 trend remains intact.
If the H4 trend changes, it could be a sign the dominant trend is returning and I for one do now want to be in the way of that.
I will use my EMA strategy to get into the market and look for a break lower.
Good luck out there traders!
WATCH
CHART BREAKDOWN OF THE DAY (XAU/USD)
XAUUSD trades near $3,973, staying above its rising trendline and the 50-day SMA. Support sits around $3,892 and $3,845, while resistance remains at $4,017. A daily close above that level could reignite upside momentum toward $4,200.
DAILY TRADING PSYCHOLOGY NUGGET
“Every trader gets the same charts, only mindset makes the difference.” The real edge isn’t in indicators or setups, it’s in how you think, wait, and respond under pressure. Master your mind, and the market starts to make sense.
TODAY’S MOST TRENDING MARKET NEWS (NOVEMBER 04, 2025)
credits: REUTERS/Manami Yamada/File Photo
Global stocks slid from recent highs as profit-taking set in, the US Dollar surged to a three-month high and FX-risk rose after the Federal Reserve signalled it may not cut interest rates in December despite slowed growth. (source:reuters)
GAMES
Trading Brain Training
I’m not a storm, but I shake the screen,
A single print, and traders lean.
Rates react, yields may spin
My minutes echo where moves begin.
What Am I?
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ANSWER
Answer: FOMC Minutes