DXY (dollar index)The dollar index has gap down which is a huge sign of weakness. I would anticipate to fill this gap first and then look for sells on the USD pairs. Will post some potential setups. Happy trading #diamondbrotherscapital
Brothers
GREAT GBP/USD TRADEIf you saw my post about the dollar index I mentioned that I was looking for GU buys… Perfect 1:3 risk reward ratio risking 2% so I made 6%… My gold trade was a loser so currently up 4% for the day… If you could make 2% a day and compound your money by reinvesting 100% of your earnings, your on your way to being a millionaire. Happy trading #diamondbrotherscapital
GOLD analysisGold continues to move higher on the larger timeframe, its always best to follow the trend. Gold is currently moving lower approaching this area of demand. If you look at the dollar index, you can see that it may continue to get weaker. If that is the case than this will send XAU/USD to the upside. Nothing is certain so losses can occur but as long as your risk reward is good, you will be profitable in the long run. Happy trading! #diamondbrotherscapital
DXY (US DOLLAR INDEX)On the larger timeframes the dollar seems to be getting weak, but it’s currently on a smaller timeframe uptrend, so I’m expecting more weakness of the dollar index as it approaches this 4hr supply zone. Strongly looking at GBPUSD to go long once I see the dollar index reach this area. I will post GBPUSD chart analysis soon. Good luck! #diamondbrotherscapital
XRP/USD FOR MY CRYPTO TRADERSXRP/USD seems to be in a uptrend on the larger time frames and is approaching a nice supply area... I am in a long trade to the upside with a nice 1:3 risk reward ratio... Ultimately this is what its all about, it doesn't matter how much pips you make, what matters is your RRR. The sooner you understand that, the sooner you will be in profit. Happy trading!! #diamondbrotherscapital
GBP/NZD possible move to the upsideGPB/NZD is in an uptrend on the longer timeframe, let price pull back for a cheaper value price, and then go down to lower timeframes and look for an entry to the upside... I will be sharing my exact entry, stop loss, and tp with my subscribers, cheers to a great trading week #DIAMONDBROTHERSCAPITAL
** SILVER UPTREND ** XAGUSD ** LONG **Since the start of this year silver prices have risen 10% versus the US dollar and 13% versus the Chinese yuan and the Indian rupee.
Despite the strong rise in silver prices, their overall performance has been rather disappointing.
Gold prices have considerably outperformed silver prices. As a result the gold/silver ratio has risen to new highs.
The deterioration on global growth and global trade has dampened silver prices however, recently there has been a catch-up.
Since mid-July there was a strong rise in silver prices, while gold prices barely moved. We think this was triggered by two developments. First, consumers in India wanted to buy silver before the new import tariffs became effective on 1 August. The import tariffs were raised from 10% to 12.5% for both gold and silver. Second, the gold/silver ratio moved to levels last seen in 1992.
This ratio has already been high for years but it was at extreme levels in mid-July, when the ratio hit 93, i.e. gold was 93x more expensive than silver. This looks to have been a clear opportunity to load up on silver.
Be the bunkerhunt BUY PHYSICAL SILVER and look to secure a long position with take profits set according.
Never forget the past / What's the next black Swan ?Always good to look back in time.
remember this :
Tiscali – Important Italian telecommunications company whose share price grew from €46 (IPO in November 1999) to €1,197 in four months. They fell to €40 afterwards in less than two months and have continued plummeting to well under 0.2 euro. [
Think Tools AG – One of the most extreme symptoms of the bubble in Europe: market valuation of CHF 2.5 billion in March 2000, no prospects of having a substantial product (investor deception), followed by a collapse
InfoSpace – In March 2000 this stock reached a price $1,305 per share, but by April 2001 the price had crashed down to $22 a share.
The only thing you have to do is maybe replace Tiscali by Snapchat and Tinktools by Uber :)
Everytime the RSI is overbrought in the monthly , There will be a correction that year.
So it's just waiting now , who turn the fire on the wick :)
