Get started

Accuracy

There are two possibilities on GBP/AUD with short-term...Sterling is still displaying a degree of resilience on BoE rate recalibration grounds due to Governor Bailey’s NIRP push-back yesterday, but also on a slightly more positive note from UK PM Johnson who claims to see signs that national lockdown is stemming the pandemic spread. Cable has rejected 1.3700 again, but bounced from sub-1.3650 lows after a temporary breach of a Fib retracement level (23.6% of the move from 1.3450 to 1.3701 at 1.3642) and Eur/Gbp is filling what looks like pre-fix RHS orders just above 0.8900 after failing to extend the downside through the round number. Aussie under 0.7750 pre-NZ building consents and retail sales by card payment, plus Chinese trade data, with little lasting support for Nzd/Usd from ANZ retracting its forecast for the RBNZ to adopt NIRP. There are two possibilities on GBP/AUD with short-term upside favoured.
by FTUKcom
4
Gold UPDATE and Preview of this trading month.Hello Trader hope you are enjoying easy pips from my Ultimate Accuracy strategy. Last month we closed the month with 1100 pips with only one loss. This month we are up 700+ pips and only one loss in this month. Any trader need help can Private message me. Gold prediction is not easy and people are losing alot of money on Gold so i can help you with my Ultimate accuracy strategy without any charges. Something I can tell you about my strategy It does not need any type of indicator its only calculation. It tells exactly where the market is moving with 100% accuracy. I lost two trades in last and this month only because of my wrong calculation not because of my formula. Last Trade
FX:XAUUSDLong
by Aadil1000x
12
Short. Target from (A) -5% decline. Don't listen to D4RK Energy or whatever that 'popular' user is saying. We are all here to do one thing and one thing only--Make money. So, in response to our shared goal, I'm sharing a point of view that illustrates a decent short position to be taken. Target price is at $7950 and stops placed at $8450. I would advise against taking leverage higher than 10X. That said, the gains we are looking for with 10X is a 50% return on the equity put down. Our upper limit being at 8450 puts us at a 20% loss, should we climb against our expectation to fall. Risk Vs Reward is conservatively @ 2.5, which is a level worth taking. Probability for success is in our favor, given the preceding trend + wave pattern. I would also make note of how we should continue to modify our wave recognition as the prices change. You should never label your waves and say "this is it! This is the end of wave (blank) and the start of wave (blank)". The pattern can always evolve and show us something with completely different meaning. That said, I do believe we are in the first half of ABC correciton on the preceding down trend. I started the safe way by analyzing where volume and most robust wave coincide with one another to identify wave 3. It's very evident from this chart. The other thing that solidifies my thoughts on where we are at is the ChandeMO, which is a powerful tool when paired with a MA of the same term length. The signal could certainly bounce right off of the MA line, but we should also consider the relative height of where we're coming off from and pair that with the previous peaks going no higher than 85. The subsequent peaks on the momentum oscillator are shallower than the previous one. So taking this in account with the volume we've seen over the past few days, I would expect this to pull us through a horizontal price movement over the next few days. The developments within that horizontal movement is fairly key in determining if we will continue to ride the overall downtrend from 9900 or if we'll set a higher support at 7200-7500 and see a trend reversal from there. As for the immediate task, I'll stand by my short position for the next day or so and hope to make that $300 goal. On that note, I should also share some thoughts with you folks about trading that I think are very important. 1) Don't make outlandish predictions about the price of BTC in 2020 2) Don't put too much weight on "good" or "bad" news. It has almost no affect on the price we see in the present and MSM simply ties any and every event going on in the world to the price action already experienced, passing that off as the excuse. These events mean almost nothing because there is no intrinsic value from which we are pricing this asset to begin with. So, it's not as though there is anything fundamental we can gauge where the value 'should' be at. It just is whatever it is because people playing the game all have different goals that meet somewhere in the middle, which happens to be the price reflected at any time. 3) Go outside and get some sun. There is no point to watching the price move down to the minute. Give it a few checks within the day, see if your analysis still makes sense and go live your life. You'll make more money this way because you will have kept your perspective fresh.
BITFINEX:BTCUSDShort
by thehoplite
1
BTCUSD ... Renko charts an underutilized tool?Dear team! Another trick I'm sharing ... Renko charts. For those that don't know renko plots bars differently to candles. Each bar represents like a fixed price drop, say $100. If you drop by $400, then it plots 4 red bars (4 x $100), and if it increases by $500 it plots 5 green bars (5 x $100). This supposedly takes out all the noise in the system (or at least most of it), especially noise from fake news, FUD and FOMO. If a candle wicks up and down, it ignores all that ... it only cares about since yesterday's close did it drop or rise in increments of a certain amount (like $100). Here I've plotted Renko on daily (a good time frame and available for free on TV), and I select "Traditional Box Size Assignment" and use a box size of $100. The method I've used basically is based on the following: - if there are 3 green blocks in a row ...you go long on the 4th green box (so after the 3rd, but before the 4th closes ... and the 4th needs to be green while you buy). - if there are 3 red blocks in a row ... you go short on the 4th red box (again after the 3rd red, but during the 4th red before it closes). I've gone back and showed how accurate the calls would have been if this method was employed since January 2018. The green L's are where a long call would have been made and the red S's are where short calls would have been made. The green zones I drawn are where profit is made. The red boxes I've shown are where a loss is made (the method failed). I'm sure you can see it's obvious, the technique works in a startling fashion! Way more green than red! This is not theory ... I've applied it to REAL historical data and if I was simply to follow the two rules above in a strict fashion! Remember only a fool relies on one potential outcome. Do not make financial decisions with this info. For educational purposes only. If you wish to make a donation, based on profit you made on my ideas ... it would be greatly appreciated. BTC address 14i2Xit5pH7Sz5TMegDn8vDT6VcoN85f42 ETH address 0x8a62eE1B2628297EA51aD08dadFFCed3F73e6eed LTC address LXoyzmL85HvED1LyHkJtGygUPbBUZd
COINBASE:BTCUSD
by MAGICMARK
3