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ASX Trading (by Trades)As you can see, I have temporarily modified my bio as I am trying something new. As currently offered by platforms, volume is a total value of all trades and does not provide specific information on the size or direction on particular trades. This granularity is used by banks and investment funds who keep track of competitor investments. ASX Block Trades are generally only available through the Bloomberg Terminal with an addon (extremely expensive). I have developed this tool on TradingView which uses the Volume to project potential block trades and the direction of price change to derive the underlying direction of the potential trade(s). However, I have made the effort to acquire direct access to the ASX data feed to get this data. Someday, TradingView will have the functionality to integrate my external feeds into the platform, but for now - the curreent state of the Block Transaction tool is all that is available on this platform. Regards, Grant
ASX:WHC
by GrantPeace
1
AUS200 forecast December/JanuaryWith holiday comes low volatility. I expect market to stay within 7080-7158. Very likely till first week of January. This might play out two ways: 1. Bullish scenario: - we break above 7158, and hit 7250. (Max 7400 to form double top on daily chart and then drop to 6500 or even new lows) - looking into Elliott Waves strategy - we could face one more wave to the upside 2. Bearish scenario: - not much movement until Jan, staying around 7080-7195. - drop to 6500. Long story short I expect going back towards 2022 lows in the next three months. It’s hard to say when exactly it’ll happen. Big move can be triggered by pretty much anything at this point (worse CPIs, new Russian sanctions, restrictions in China, new wave of Covid….). This is a risky enviroment so trade carefully and always do your own analysis before opening the trade.
FX:AUS200
by Trinnisia_Trades
1
AU200AUD Pitchfork long broken but opportunity not goneHoping that the opportunity has not passed as the 1D pitchfork broke a while ago (not all my criteria were met at that time) but now just awaiting one indicator ( MACD cross on 1M) however, given support has already been retested I thought it might be worth a cheeky go! :D Three targets: T01 based on 1W 786 and 1D SR (25%) T02 based on falling TL on 1D (50%) T03 based on 1fib and 1W SR (25%) 2% risk with trailing stop only added once 2% clear of entry :) 🤞❤ OANDA:AU200AUD
OANDA:AU200AUD
by peruviancrypto
💵Australian Dollar/New Zealand Dollar 💵Analyze (10/05/2022)!!!Australian Dollar/New Zealand Dollar succeeded in making Bullish a 🦇Bat🦇 Harmonic Pattern near the trend line. I expect the Australian Dollar/New Zealand Dollar will go UP at least to the resistance zone. 🔅Australian Dollar/New Zealand Dollar ( AUDNZD) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
AUDUSD short idea Fundamental bias for this pair is Bearish, because of Strong USD in sake of hawkish monitory policy and neutral bias for AUS because of decrease in China's economic growth and the problems of Corona in China, which caused problems in the supply chain Daily trend is sell AUD 10Y bond yield: 3.976 U.S. 10Y: 3.697 Most of Retail traders are in long position so this is another sell opportunity. This opportunity can be open a sell at 0.64888 and another sill limit at 0.66234 area
Short
by Alisabbaghi
AUDcad Short H4 Double TopSeeing that AUDcad seems to be failing to close above recent highs. It appears that AUDcad was losing bullish momentum. COT data reported a weakening AUD and a strengthening CAD. Market came to test dynamic Daily Resistence. The test seems to have apprached the resistance in a rising wedge/flag correction. The top of this inner corrective channel formed a Double Top on the H4/H1 timeframes at its own resistance trendline. This appears to be enough confluence to consider selling AUDcad at this point. Use the discretion of your own entry strategies to confirm any possible entry opportunities that you may find. as for me.
Short
by OmegaDonTony
6
Aussie rises in advance of RBA rate hikeEUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔼 XAU 🔼 WTI 🔽 The Reserve Bank of Australia is expected to bring another 50 bps rate hike later today, and AUD/USD rose to 0.7023 with minor oscillation while its economy is dealing with the aftermath of the Sydney flood and Chinese lockdowns. As the Bank of England is preparing to increase interest rates on Thursday, GBP/USD climbed to 1.2254 and stabilized at the 1.2250 level, gaining over 80 pips. The latest reading for US ISM Manufacturing PMI is 52.8, slightly higher than market estimates, but projections for US JOLTs Job Openings in June anticipated a minor drop to 11 million new job openings. Nonetheless, USD/CAD closed at 1.2845 and reached a high of 1.2855. Compared to previous figures, Germany's retail sales in June decreased by 1.6%, against market bets for a 0.2% minimal growth, the EUR/USD pair was last traded at 1.0261 with a high of 1.029. Crude oil demands were cut by recession sentiment, falling to $93.89 a barrel, losing almost $5 in the process. Gold futures closed higher at 1,787.7, then went to 1,796.6 an ounce. More information on Mitrade website.
by Mitrade_official
TWE.ASX - FUNCHARTS - Does Corn Really Lead Treasury Wines?Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. The blue line in the graph above is corn (futures) projected forward, now why on earth would corn lead the Treasury Wines share price? While I let you ponder the answer to that the correlation between a projected forward corn price and TWE has been relatively high through history at approximately 30%, simply scroll back through the chart and you can see for yourself that corn has a pretty good track record of leading TWE. Now that we have a projection of sorts the next step would be to conjure up a trade based on this intermarket relationship (if it truly does indeed exist). Let me draw your attention to the system on screen, it is a reverse of the Supertrend STRATEGY (Inputs: ATR Length, 3, Factor 1.5) where it buys the short term dips and sells the short term rallies. An analysis of performance shows that TWE is a very choppy stock. To see performance scroll down to the bottom of the chart and make sure Supertrend STRATEGY is showing. Now the next trick is to view the Performance Summary (not overview) where is breaks down the performance of long trades v short trades. An analysis of long trades shows buying dips was highly profitable with a profit factor above 2 and a high percentage of winning trades. With this evidence the way I would trade TWE is to use Corn, or seasonal analysis or similar to obtain a bullish bias and then look to buy into a pull back on TWE. Once set I would then look to sell the position once the stock reached an overbought level. Stop Losses are a little difficult to set on a mean reversion strategy as theoretically the bigger the pull back the better the opportunity but I would suggest a fairly wide stop level of around 10-15% of the stock price as an emergency stop in case the trades really goes wrong. The question you're obviously asking is should I get long now? In my opinion awaiting a pull back is probably the best strategy, you could use a stochastic or RSI indicator (or any oscillator) for that matter and look to enter during oversold zones and close out during an overbought period.
ASX:TWE
by andrew.gibbs777
ANZ.ASX - FUNCHARTS - Countertrend Trading with a Trend FilterNote: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. ANZ, one of the big four banks listed on the Australian Stock Exchange is a pretty tricky stock to trade, conforming more to a six month cycle between dividend and earnings dates. However from a purely technical standpoint, on a medium term basis there are opportunities to trade in line with a longer term trend, and on a short term basis to enter the stock on very short term pull backs. In this analysis we looked at the Supertrend Strategy using a 50 period length with a 6xATR Factor to capture longer term trends and then looked at buying short term dips and selling short term rallies. In the longer term timeframe this worked quite well with ANZ making good money based on the Performance Summary but entries and exits are few and far between with this approach. Bringing the time frame back to a swing trading standpoint, the best results came from using the Supertrend STRATEGY in a countertrend way, buying dips and selling rallies using just a 3 period ATR Length with a 1 period factor, giving plenty of trades. Filtering the short term system with the longer term trend also resulted in more frequent winning trades so trading countertrend in the very short term with a longer term trend filter worked nicely. The catch is when you get a longer term trend change without a resulting rally to exit on the countertrend system, which can at times result in very large losses, like during Covid. It is for this reason a stop loss should be set, even when trading countertrend to prevent large losses on a stock that does often trend. Using the blue trailing stop line is a common sense area to position a stop loss as insurance against a big fall.
ASX:ANZ
by andrew.gibbs777
BHP - FUNCHARTS: Should we buy the dip?Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. BHP has sure been belted, but should we catch a falling knife? - Let's take a basic look at BHP using a very short term strategy. It involves using a strategy called Supertrend Strategy with a 3 period ATR input and an ATR length of 1.5 times. - Firstly, I've flipped it upside down, so we get a buy signal when the trend changes to down and a sell signal when the trend changes to UP - Now, next step, Applying this strategy to BHP, take a look at the performance report for Long Trades and Short Trades using the Performance report TAB. Long Trades Buy the Dip , Short Trades Sell the Rally - Looking at Long Trades, 66% of the time it was profitable to Buy a short term dip on BHP and wait for the trend to change back to up, after which you exited the long position. The profit fact was 1.77. No stop was used in the analysis. - It was also marginally profitable to sell short term uptrends in BHP, meaning trend of less than 30 days didn't persist all that often. - What's the verdict? Buying short term weakness in BHP and selling short term strength has made money in the past. BHP is typically a very choppy stock. I hear what you're saying, you'd like to know if buying the current dip we are in will result in a profit? Based on this analysis BHP will usually stage some sort of rally in a downtrend and you would have make money 66% of the time historically. But looking at external analysis I'm not overly confident just yet. When I'd like to get in. Take a look at the blue histogram on the chart, if it goes below -10, I'd expect the odds to be pretty good for a rally of at least a few days, if not more. That means any further (significant) downside could be an opportunity for a countertrend mean reversion play. It'll be a day where there is blood on the streets for BHP.
ASX:BHPLong
by andrew.gibbs777