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Commodities

Evening Star Pattern TechniquesIn this example, you will see an evening star signal who’s third candlestick engulfs the first and second candlestick in the pattern. This is a high probability signal , although it usually does not make for a very good risk to reward scenario.Trading the Morning Star Candlestick Pattern, I mentioned that I prefer to wait for a pullback on signals that have an engulfing third candle. That’s exactly how I would have played the signal below. By waiting for a pullback in price to the 50% mark of the large, third candlestick in this pattern, you either create a more favorable risk to reward scenario, or you avoid the trade altogether. In our example,we would have stayed out of the trade using this technique.
NASDAQ:AAPLEducation
by Venusfx
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NASDAQ:AAPLEducation
by Venusfx
GOLD - Weekly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments As anticipated during the breakdown of the Monthly timeframe, looking at the Weekly you can see how we respected the 20/50 EMA wave and bounced to the upside. Considering the amount of deceleration looking left when we previously approached the upper level of the zone, and comparing that current price conditions, I foresee more upwards pressure this week in the form of consolidation. Monthly swings take much longer to develop and turn around than that say on of the Daily time horizon. If I am to get short on GOLD it will be after a push to the upside into the 1330 region, or below the 1280 level. The only problem with getting short below 1280 is we'd be trading directly into the 20/50 EMA wave (which is a big negative trade confluence). This is an unnecessary risk in my opinion. Key Note Taking a short at the top of the range has less risk than shorting closer to the median / Weekly mid-level of the range.
FX_IDC:XAUUSDEducation
by robdee4x
GOLD - Monthly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments The Monthly timeframe has a clear to identify trading zone from 1330 - 1180 region. Alone this isn't enough to form a thesis for the direction of GOLD in my opinion due to the level of acceleration into the resistance zone of 1330's. Looking left you can see a clean sell-off followed by a decisive buyers rally. This tells me there's interest in buying GOLD which could see prices near the highs before a fall back down to the bottom of the range. Looking at the candlestick formation at the top of the zone, we have a nice high test candle which stands out from the rest of the price action looking left. I would like to see more deceleration though before trading GOLD to the downside. The current month hasn't come to an end yet, so the most recent Monthly candle cannot be considered complete. Key Note During a ranging market, the EMA's will trade sideways and cannot be used with the same set of rules as during a trending market. If a range is formed on the Monthly timeframe however, a trend can exist on the lower timeframes. You need to be aware of your time horizons when considering confluences. Price always rules over indicators.
FX_IDC:XAUUSDEducation
by robdee4x
USOIL headed downWeekly chart shows price nearing the apex of the ascending wedge with a target of $45. RSI is hitting resistance and MACD's histogram is possibly printing hidden bearish divergence. H4 chart shows RSI, and possibly MACD, printing bearish divergence. The nearby demand has already been tapped once making it much easier for the next drop into it to potentially fall further. I would watch for the demand below that at around $55 to provide some support. It also aligns with the ascending channel's support. If that support cannot hold then, based on the height of the ascending channel, we should be looking at $49.70/$50 for the next likely support. That target is a mere $5 away from the weekly breakdown target.
TVC:USOILEducation
by Chris_Inks
Gold is in a bubble - only traces inflation due to 'Reflexivity'Do not follow the financial advice of dinosaur gold shills, who are mostly over the age of 65 years and have weakened IQs and memory retention. Please study George Soros' Theory of Reflexivity (inb4 "Soros is evil, Qanon blah blah blah"). Gold only traces inflation because people 'believe' it should trace inflation. Gold has little to no utility in manufacturing especially given the discovery of synthetic substitutes ionised from copper particles. Gold is a great luxury asset used in the production of Jewellery which the world has an over abundance of already, that can easily be recycled. Like all asset bubbles such as real estate, stocks, bonds, etc Gold is also in a bubble. Gold has no future in a digital economy. The world has experienced the greatest reduction in poverty since the abolishment of the gold standard. This is due to the velocity of money, where the faster the exchange of value is in any given economy the more growth said economy experiences. The world will never return to a 'gold standard' because the negotiation of trade and the rules of exchange can be much more efficiently coordinated and managed using computer networks and high tech communication systems. Gold is a barbarous relic, and has no inherent/intrinsic value since all words and perceptions of value are subjective and change rapidly over time. If value is subjective, and we live in a highly complicated matrix society that has vast computing resources at it's disposal then what purpose does gold actually have? Cryptocurrencies are in a bear market and due to the Theory of Reflexivity their value is underestimated by society at large. However their utility in terms of the velocity of money, where value can be exchanged in seconds, where consensus is regulated by a large distributed network, where security is guaranteed through various cryptographic algorithms such as SHA256, and where productive capacity is maintained by decentralised autonomous communities (which are virtually impossible to compete with) makes certain cryptocurrencies far greater investments than Gold and precious metals. Do some research on XRP and Ripple. Do no fall for the doomsday fear porn that drives the sales of precious metals. Look to countries such as Turkey, Venezuela, Argentina etc and realise that cryptocurrencies best facilitate trade during periods of economic downturn. Those countries aren't turning to gold to facilitate trade, especially since Gold is extremely difficult to maintain security over. Will gold always have a place in society? Yes, of course it will. Will gold ever shift the paradigm of civilisation as we know it? Hell no. I'm not saying you shouldn't maintain holdings of precious metals, but you should reduce your exposure to them, since cryptocurrencies will dramatically shift the perception of value that we currently place on gold going into the future.
FX:XAUUSDEducation
by zmassey
take a look at how a pin bar can indicate a possible downtrendIn the chart above, we have a bullish pin bar that formed on the USDJPY weekly chart. .This pin bar formed at a previous resistance level, which is now acting as support. This price action signal tells us that the market is likely to see higher ground in the weeks ahead. "BUT" instead of trading the weekly time frame, we can move to the daily chart and watch for bullish price action. If you want to learn a consistent traidng method, let me tell you that you are lucky because you come to the right place.i helped thousands of beginner traders become profitable.i have one of the most powerful trading method in history, it is simple, easy, and very profitable.if you are interested contact.
Education
by AleeJaffery