GOLD SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
GOLD (XAU/USD): Daytrade-Execution
Notice:
Trading Gold can be very risky due to the current intermarket-correlations.
Keep your risk low or stay out!
Market-Sell-Order: 1729,00
Stop-Loss: 1746,00
Point of Risk-Reduction: 1711,00
Take-Profit: 1681,00
Stop-Loss: 17 points (170 pips)
Risk: 0,5%-1%
Risk-Reward: 2,90
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Irasor
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Correlations
Bond yields correlation with NASDAQ 100 and CryptocurrenciesAs the chart shows, after last Wednesday's FOMC announcement, the 10 Year Treasury yields broke above 1.65 for a test of 1.75 with potential move toward 2%. This is a hugely important move and is part of what has affected the NASDAQ and the recent corrections in crypto currencies. There is also the additional move out of the high growth and high performance stocks in NASDAQ to cyclicals and this can be seen in the divergence between NASDAQ and S&P 500; we saw multiple days when NASDAQ has either lagged S&P 500 or has been negative while S&P 500 has remained marginally positive. Given the correlation between NASDAQ and the crypto currencies these trends have also influenced the crypto currency trades.
It is worth noting that the yield on 10 year Treasury is the basis for corporate bonds and therefore, has a significant impact on the market; in other words, higher 10 year yields higher borrowing costs.
Therefore, as Jerome Powell and FOMC try to keep the current low lending rates to support and stimulate the economy, the market is pricing increasing inflation expectations into the 10 year Treasuries and this is creating increasing tension in the bond markets (for those who are familiar with technical analysis, this means increased convexivity).
Conclusion:
TLDR: This means we are up for a rocky ride going forward and somewhat downward pressure on risk appetite. Therefore, investors need to be more selective than before with their investment choices.
If you are investing in crypto currencies make sure you know and understand the projects you invest in.
NZD/USD SELL SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
NZD/USD: Daytrade-Execution
Market-Sell-Order: 0.72370
Stop-Loss: 0.72765
Point of Risk-Reduction: 0.72000
Take-Profit: 0.71000
Stop-Loss: 36 pips
Risk: 0,5% -1%
Risk-Reward: 3,80
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Peace and good trades
Irasor
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ONE and CELR correlation strong af First Post on Tradingview
Just wanted to point out how crazy the correlation of these two charts, its interesting cause you could probably make good gains by just flipping between these two pairs, if any of these two pairs are at below 1 cent I see it as a good buy, comparing to what the price has reached previously. Has alot of upside potential in the coming months.
Thanks for reading and happy trading
AUD/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
AUD/USD: Daytrade-Preparation
Notice: Market still shaky and risky to trade!
Market-Buy: 0,77500
Stop-Loss: 0,77340
Point of Risk-Reduction: 0,77650
Take-Profit: 0,77950
Stop-Loss: 16 pips
Risk: 0,5% -1%
Risk-Reward: 2,75
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Peace and good trades
Irasor
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CRUCIAL MOMENT FOR US-DOLLAR!Hey tradomaniacs,
US-10-Year-Yields are currently re-testing a strong resistance, which is bad for equities but supportive for the US-Dollar.
Technically we see that YIELDS and DXY (US-DOLLAR-INDEX) are both at strong supply-levels while equities are at strong demand-zones👉
These are curcial moments as either rejection or violations of these levels could cause trend-continuations or reversals today.
I`m observing these two charts carefully and wait for confirmations.
If YIELDS drop US-DOLLAR is more likely to fall aswell in order to complete the previous S/H/S-Pattern. The Target-Zone for it is at 91,200.
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Peace and good trades
Irasor
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So you wanna SHORT NZD/JPY? Here is why it could get tricky!Hey tradomaniacs,
since Jerome Powell stated that "there is no inflation" the market keeps betting against the FED and tries to poke Jeromes nerves with rising YIELDs.
This is obviously bad for equities, because higher returns provides a great alternative to Stocks, which is causing a strenght for the US-Dollar.
So why could a short NZD/JPY be choppy?
NZD/USD currently reacts so sensitive because stocks are falling. NZD/USD is a risk-on-currency and since correlations have changed in the market almost all majors against USD having very huge standard deviations.
This is basically because the economy improves when US-DOLLAR falls, due to the fact that the provided liquidity, or inflation, boost consume and investments -> Higher grow expectations -> Good for stocks.
Now we got these correlations in the market:
YIELDS and US-DOLLAR rise -> Equities fall
Equities fall -> NZD falls
YIELDS rise -> JPY falls
When NZD and JPY both tend to fall due to the current correlations, NZD/JPY could be the worst NZD-pair to short, or generally to trade.
The best JPY-Pair to trade is currently USD/JPY, as DXY moves up while JPY falls as long as the inflation-worries continues.
Non the less, we could see stop-losses getting triggered and so a fall of NZD/JPY.
Compare NZD/USD to NZD/JPY, and you will se what I mean. :-)
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Peace and good trades
Irasor
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DID YOU KNOW? #Whipsawshey tradomaniacs,
Did you know that Wednesdays are typical for Whipsaws?
Don`t ask me why, but I have observed this phenomenon a lot of times. 👉https://www.tradingview.com/x/DJQDxMBy/
In very many cases we see a direction during the london-session and then an instant reversal with the open of the Walltreet.
Backtest it yourself🙏
GOLD (XAU/USD) BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
MY thoughts:
Since fundamentals seem to put YIELDS under pressure, we could see a cashflow out of Bonds into no-Interest-assets again such as Gold and Silver.
If Yields drop with US-DOllar we would get the very perfect circumstances to see a strong bullish impulse for Gold.
GOLD (XAU/USD): Day-Swingtrade-Preparation
Market-Buy: 1741,00
Stop-Loss: 1725,00
Point of Risk-Reduction: 1755,00
Take-Profit: 1794,00
Stop-Loss: 16 points (160)pips
Risk: 0,5% - 1%
Risk-Reward: 3,50
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USD/CAD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup!
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
USD/CAD: Daytrade-Preparation
Market-Sell: 1,26830
Stop-Loss: 1,27200
Point of Risk-Reduction: 1,26600
Take-Profit: 1,26100
Stop-Loss: 37 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUD/USD headed to the down side AndrewTheSage reporting to you live. My charts are messy and colorful. I am not a financial advisor I use arrows and different types of fib levels to show what's going on.. I will not put up an essay. I feel if you can read a chart you can understand what's going on with price by showing you a visual effect. The Dollar is going up....notice as the dollar goes up notice the negative correlation it has on AUD/USD it's going down mirroring the opposite.
DAX could MOVE UP!hey tradomaniacs,
Market is currently shaky and volatile but I don`t see any reasons for the recent moves in terms of fundamentals and correlations.
US-DOLLAR has corrected a little bit due to drastic moves down in indicies with the opening of the london-session.
If these moves were legit we would see a drastic continuation, which is currently not the case.
DAX30 👉
#Washouts
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Peace and good trades
Irasor
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EUR/USD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
EUR/USD: Daytrade-Execution
Notice:
EUR/USD is currently one of the risky pairs due to the high weight in DXY and chaotic YIELDs.
Yields currently drop which is bad for the US-Dollar.
Market-Buy-Order: 1,20380
Stop-Loss: 1,20140
Point of Risk-Reduction: 1,20635
Take-Profit: 1,20950
Stop-Loss: 24 pips
Risk: 0,5% - 1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USD/CAD SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
USD/CAD: Daytrade-Execution
Market-Sell-Order: 1,27500
Stop-Loss: 1,27960
Point of Risk-Reduction: 1,27160
Take-Profit: 1,26400
Stop-Loss: 44 pips
Risk: 0,5% - 1%
Risk-Reward: 2,50
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUD/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
AUD/USD: Daytrade-Preparation
Market-Buy: 0,76000
Stop-Loss: 0,75695
Point Of Risk-Reduction: 0,76250
Take-Profit: 0,76995
Stop-Loss: 31 pips
Risk: 0,5% - 1%
Risk-Reward: 3,15
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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WHY IS FOREX not moving? Here is the answer!Hey tradomaniacs,
As you may have noticed the market is not moving as it should looking at fundamentals and news which is why I`m still staying aside.
A positive newsflow of economic data and very good earning reports plus a rising stockmarket are not really driving currencies as they should due to the fact possible stimulus could continue to boost US-YIELDS, which is currently in favour of the US-Dollar .
In this case we got two intermarket-correlations which are contrary making it harder for forex-pairs to move smooth and clear (especially risk-on-pairs such as AUD/USD and NZD/USD ).
Another example is USD/CAD as the market does not really know where to go as CRUDE OIL currently rises with the US-Dollar .
DXY (US-DOLLAR-INDEX) is by the way creating its first divergences looking at Momentum and indicators such as MAC-D and RSI and I`m waiting for the market either to break through the key-resistance or to create a double-top.
Bond prices and yield are by the way inversely related.
So what shall we look at?
As long as YIELDS continue to be strong with risk-on in the stockmarket we might see currencies stuck in major trend-areas.
This means we either wanna see risk-off in stocks for a bullish USD or falling YIELDS with rsik-on in the stockmarket for a bearish USD!
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Peace and good trades
Irasor
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#Patience
Don`t get DUMPED by USD-BULL-PATTERN!Hey tradomaniacs,
The forex-market has been really choppy yesterday due to chaotic equityflow in the stockmarket as Hedge-Fonds are re-positioning.
After the big players were forced to generate margin by closing their red positions volume and open interest decreased drastically for stocks like Gamestop showing that there is no fuel for price to move up anymore. Also suspicious is that demand and supply were very equal and it looks like fonds are exchanging their contracts among themselves.
After a deleveraging-process that you can observe in stocks like Amazon, which dropped by almost -5% fonds took the chance and instantly bought shares back to re-position with longs.
Statistics are showing that fonds are primarily LONG in stocks, which means we might see a contiuation of the current rally and so soon a falling US-Dollar.
This chaotic cashflow out and back into stocks is obviously causing a weird price-action for the DXY (US-DOLLAR-INDEX) as its to and fro in demand and supply.
This current up-move by USD is by the way a very nice chance for fonds to sell as more retailers don`t want to miss the boat and buy.
As long as these reddit-groups are not causing too much uncertainy and fear we have to expect the primary trend to continue.
I`m still waiting for fresh CoT-reports but so far retailers are long against the large speculators.
DON`T get FOOLED by aby patter- THERE is no reason for USD ot go up (fundamentally) as long as the stockmarket stays bullish and BIDEN provides the promised liquidity!
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Peace and good trades
Irasor
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CRUCIAL moment for BITCOIN#BREAKOUTHey tradomaniacs,
Crucial moment for BITCOIN 👉
If you have followed my previous analysis about Bitcoin you know that I have expected two different scenarios.
Triangles are always very risky as many fakeouts accur due to the fact that this pattern is almost too obvious and often a reason for retailers to buy the breakout.
Now we finally see the break to the upside and have to wait for a confirmation in form of a retest, rejection and bullish volume aswell as momentum.
Bitcoin is by the way often a nice pre-indicator for the mood in the stockmarket and less a hedge as many investors say.
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Peace and good trades
Irasor
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EUR/AUD SELL IDEA Hey tradomaniacs,
welcome to another free trading-setup.
Notice: This is mean to be a preparation for you! as always we will have to wait for a confirmation!
EUR/AUD: Daytrade-Preparation
Market-Sell: 1,59200
Stop-Loss: 1,59650
Point Of Risk-Reduction: 1,58530
Take-Profit: 1,57800
Stop-Loss: 45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,70
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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GBP/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is mean to be a preparation for you! as always we will have to wait for a confirmation!
GBP/USD: Daytrade-Preparation
Market-Buy: 1,36590
Stop-Loss: 1,36270
Point Of Risk-Reduction: 1,36850
Take-Profit: 1,37300
Stop-Loss: 32 pips
Risk: 0,5% - 1%
Risk-Reward: 2,20
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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