Cfds
HK50 Returns To Bullish ChannelThe HK50 has managed to returned to the bottom of its bullish channel that was created on the 1hr/4hr time frame. This kind of price rejection on the downside is positive for the bulls, and the possibility for a continuation on the upside is very likely at this point. We are approaching the end of the year, and we are approaching Thanksgiving. Market participants tend to be more optimistic around these times of year, and with risk off sentiments dwindling, the possibility for the HK50 to create another high is very high. This kind of play would present itself to have a very high risk:reward ratio, and it is a play I am most certainly playing. Stop loss is below the bullish channel and target is at the last high.
Bitcoin still a sell 👇🤷♂️❓Is bitcoin still a sell?
Who knows with this volatile instrument!
All I know is I'm happy to trust my back tested strategy.
Entry details are shown on the chart.
Working the 2H time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
UKOIL Weekly Neowave AnalysisIn Weekly TF, we can see a Double Flat correction forming, And we are currently on wave B of the second Flat, I expect the price to get range in a few years from now between 80 to 100$. This Range should at least take till the end of 2021 and normally till the end of 2024. After that I expect another crash in oil price which should take price below 30$. What economic event may cause it? Noone knows :)))
DE30 sell valid and running 👇👍Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
Eyes on oil again! Trading Views and Ideas, 04.06.2021, by MarioWow it was a crazy week for oil..! Quite volatile I would say! However, the market moved eventually as expected, quite rapidly though to significant high levels. I wasn’t expecting such a big rise so soon.
Previously we said: “Falling below 65 USD per barrel would give me negative signals relating to an oil demand boost” > Which of course did not happen. Instead the price started to rise as per my expectation to higher and higher levels, from 65 USD per barrel to over 69 USD per barrel.
I would expect the same level of lolatility upwards. OPEC ofcourse can affect the price quite significantly at any time so we have to keep a good eye on their actions and intentions. For now, demand for fuel and services this summer seems to give a good boost and supply could fall short. My initial thoughts were 75 USD per barrel in middle of August and still support it.
#forextrading #currencytrading #forexmarkets #forexeducation #forexanalysis #forextraining #index #indices #stocks #investment #onlinetrading #oilprices #oilmarket
Silver $32Silver has traded the fib lines perfectly since early 2006. Price is currently just below .05 fib and if breaks above could push upwards towards next resistance around $32. If this level is broken price could continue push up towards $35, or we can see a retest of the .05 fib at about $29.80.
FTSE: LONG OR SHORT ?Following the world economic recovery, FTSE is now in a bullish cycle and here's our view for the upcoming days:
1.LONG : If the price retests the lower trendline and forms back a green bullish candle on the H4 timeframe, a Long position can entered there. And when the price reaches the green doted line, an additional Long position can be entered with more confidence since the price will be breaking a peak that was reached before.
2.SHORT : If the price breaks successfully the lower trendline with many bearish candles, then and only then a Short position can be entered.
EUR/CHF Potential Upward Movement 🚀🚀🚀Technical Analysis :
On the 1-hr time frame the price is bouncing within an ascending channel formation. Our expectation is a lower swing toward the bottom of this pattern. In addition, we have a confluence zone between the daily support and the support trendline at the 1.1057 mark which might cause a move upward to the 1.1119 level,
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Trade Idea:
Buy Order @ 1.1057
Take Profit 1 @ 1.1119
Take Profit 2 @ 1.1164
Stop Loss @ 1.1026
Trade Safely 🙂
USDCAD : Why trade currency as a CFD?CFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade.
If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting to profit from it.
The benefit of CFDs is that there is no need to own the physical asset. Instead, traders speculate in the difference between opening and closing trade prices. While these contracts can be used to speculate on the foreign exchange markets, the same concept applies to other assets such as commodities, oil and indices.
In Forex trading, CFDs allow us to buy or sell the currencies without actually owning the physical asset. For example, let’s say you live in Canada and, through your analysis, you expect CAD to depreciate and USD to appreciate. What could you do to hedge against the CAD dollar that you have on hand? Well, you can buy or “go long’ on USD/CAD and profit from the movement in prices. By buying or entering a long position on USD/CAD, you are essentially buying the USD and selling CAD.
SO, WHAT IF YOU DECIDED TO TRADE WITHOUT THE USE OF CFDS?
This would mean going down to your local currency dealer and exchanging your physical Canadian dollars for US dollars, leaving you holding on to stacks of US dollars. When the value of the US dollar moves higher, you would once again head back to the currency dealer to exchange them into CAD. Now that the USD is stronger, you can exchange them for more CAD dollars than the initial amount you invested, thereby realising a profit.
SOUNDS LIKE A HASSLE?
It is. That’s why CFDs are so popular for forex trading: it removes the need to hold those stacks of physical cash, making trading much more convenient.
AMAZON AMZN Better understanding of how CFDs workCFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade.
If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting to profit from it.
The benefit of CFDs is that there is no need to own the physical asset. Instead, traders speculate in the difference between opening and closing trade prices. While these contracts can be used to speculate on the foreign exchange markets, the same concept applies to other assets such as commodities , oil and indices.
To gain a better understanding of how CFDs work, let’s look at Amazon stock as an example.
If you think Amazon shares are going to go higher, you would want to buy into this stock and profit from this opportunity. Hence, you purchase 10 CFDs on Amazon shares at $2,500, so the total value of the trade will be $25,000 (10 x $2,500). If Amazon appreciates to $3,000, you will make $500 per share, which is a $5,000 profit (10 x $500). CFD concepts are applied to forex trading as well.