SPX500 could move UP now!Hey tradomaniacs,
SPX500 is currently re-testing the previous expanding triangle and could finish its retest soon.
Next impulse if confirmed could give us a great opportunity to buy this ridicoules rally.
We also use this corelation for our FX-Trading:
"Market is shaky as expected but not concerning to me as long as the FX-markets reaction is so weak to the current risk-off-mood.
Mondays are usually very bullish during the US-Session and SPX500 is currently in a retest-phase of the previous breakout 👉
DXY (US-DOLLAR-INDEX) is obviously gaining some strenght in a falling Stockmarket, but it all looks like a correction. US-DOLLAR is by the way very choppy today!"
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
Correlations
USD/CAD SELL SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
USD/CAD: Daytrade-Execution
Market-Sell-Order: 1,26890
Stop-Loss: 1,27200
Point Of Risk-Reduction: 1,26520
Take-Profit: 1,26100
Stop-Loss: 30 pips
Risk: 0,5% -1%
Risk-Reward: 2,60
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
DXY (US-DOLLAR-INDEX) could FALL!Hey tradomaniacs,
welcome to a new free trading-setup.
Market has been really boring, slow and choppy today as expected for monday and tuesday.
This is what I`m currently looking for and expect for DXY (US-DOLLAR-INDEX) 👉
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
GOLD BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
10 year YIELDS dropping with US-DOLLAR. Perfect correlations for a LONG GOLD!
XAU/USD: Daytrade-Execution
Market-Buy-Order: 1887,00
Stop-Loss: 1855,00
Point Of Risk-Reduction: 1915,00
Take-Profit: 1958,00
Stop-Loss: 32 pints (320 pips)
Risk: 0,5% -1%
Risk-Reward: 2,2
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
DXY with GAP-CLOSE and a nice SELL!Hey tradomaniacs,
DXY ( US-DOLLAR ) seems to close its WEEKEND-GAP!
A close of this GAP would push the market to a perfect short-entry in terms of important technical supply-levels.
I will have a close look at the 89,900 area is we could get very nice opportunities to follow trends of majors against US-DOLLAR .
#Patience
snapshot
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
EUR/NZD BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
EUR/NZD: Daytrade-Preparation
Notice: All trades are risky due to thin volume -> Sudden volatility can always appear.
Market-Buy: 1,72150
Stop-Loss: 1,71700
Point Of Risk-Reduction: 1,72550
Take-Profit: 1,73000
Stop-Loss: 45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Are we on the verge of a US Bond market drop?Hello.
My name is François Normandeau
Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes .
Currently, on the daily charts ,
all the indicators we are using are mentioning that the US Dollar Index
TVC:DXY
is currently in a confirmed downtrend .
Historically, there is a strong positive correlation
between the US Dollar Index and the US Treasury Notes.
if DXY drops, ZN1! drops... if DXY rises, ZN1! rises... relatively speaking and all things being equal
If anyone is currently keeping a major long position related to the US Bond market,
then this correlation is worth considering.
More details about this post, as well as a video analysis, later today, on our site .
Wishing you a great week,
François Normandeau
Institutional Research Director at ADX-BRIEFING
Buy trade on UK Oil : confirmation received long ago.Hello.
My name is François Normandeau.
Here is the latest long-term analysis for UK Oil.
We received a confirmation of a buy trade, long ago.
At some point the market will turn around, but not yet, not on H1 anyway.
Summary of the UK Oil market relative to the US Oil market.
Illustrating the correlation with the US Dollar Index (DXY)
where we are using the inverted value of DXY (1/DXY).
As of now, on H1, no signs of a significant bearish turnaround.
Wishing you a great weekend,
François Normandeau
Institutional Research Director at ADX-BRIEFING
FISHY moves in the STOCKMARKETHey tradomaniacs,
Current markets mood is harder to indentify as we see the same cashflow like we`ve seen with the first vaccine-wave this year.
Comparing RUSSELL 2000 and SPX500 it looks like we see a flow out of big companies into the small-cap-section.
This is very weird as the small businesses were those who suffered the most during the COVID-Lockdown in the USA.
Does the market expect a BOOM of these companies with the upcoming vaccine?
There is one fact:
More than 50% of these companies listed in RUSSELL are not making any profit 👉 They are the "zombies" of the market who are only able to survive due to financial injections by the central bank.
These odd moves are forcing me to trade a bit less as I don`t think that institutional traders are willing to buy stocks of companies that only just able to buoy up.
Sell off coming soon?
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
CAD/JPY BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. as always we will have to wait fora confirmation!
CAD/JPY: Daytrade-Preparation
Market-Buy: 80,940
Stop-Loss: 80,500
Target 1: 81,410
Target 2: 81,670
Target 3: 81,980
Stop-Loss: 44 pips
Risk: 0,5% -1%
Risk-Reward: 2,40
www.trading
view.com/x/2ZVPeTmV/
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NASDAQ100 drops WHILE SPX500 goes up? Here is WHY!Hey tradomaniacs,
the current sell-off in NASDAQ100 and climb indicies such as SPX500 can be a bit confusing.
The pump is basically caused by news from Pfizer (PFE) and Biontech (BTNX) saying that the vaccine is 90% effective in combating COVID-19!
It`s kinda hard to evaluate the situation now as NASDAQ100 drops while growth-stocks go up.
This is kinda tricky for the US-DOLLAR which is very volatile for now.
FAANG-Stocks are suffering by the outlook t hat Corona is done with an upcoming vaccine.
Why is that?
Because FAANG -Stocks ( Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX); and Alphabet (GOOG) had their benefits from Corona as everyone was stuck at home, means people order a lot, watch Netflix and check social-medias.
Last week Jeff Bezos has sold is own Amazon-Stocks aswell so there might be more potential to the downside.
The TEC-HYPE could be over as prices are partially way too high.
❗️BE CAREFULL trading now as cashflow can be very chaotic❗️
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
CHF/JPY SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. as always we will have to wait fora confirmation!
CHF/JPY: DaySwingtrade-preparation
Market-Sell: 115,240
Stop-Loss: 115,690
Target 1: 114,730
Target 2: 114,380
Target 3: 113,830
Stop-Loss: 45 pips
Risk: 0,5% -1%
Risk-Reward: 3,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NZD/USD SELL SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
NZD/USD: Daytrade-Execution
Notice:
Pullbacktrade - Low risk please.
Based on volume and fundamentals I expect a pullback here.
Aggressive management as always!
Market-Sell-Order: 0,67870
Stop-Loss: 0,68140
Target 1: 0,67590
Target 2: 0,67305
Target 3: 0,67000
Stop-loss: 28 pips
Risk: 0,5%
Risk-Reward: 3,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Bullish Looking Treasury Bonds May Push USDJPY Even LowerHello traders!
Today we will talk about 10Y US Notes and USDJPY, their price action from technical point of view and wave structure from Elliott Wave perspective.
As you may already know, 10Y US Notes(treasury bonds) and USDJPY are in negative correlation. So, after recent big sideways price action and corrective consolidation, the pattern is becoming clearer and clearer.
Well, what we see is that USDJPY can be forming a bigger bearish running triangle formation, which can sooner or later push the price below 104 level, ideally towards 103 - 102 area, mainly because of current bounce on 10Y US Notes, which seems to have a completed flag pattern, from EW perspective, an a-b-c corrective decline, where wave "c" completed an ending diagonal.
Be humble and trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
GBP/USD should still go UPHey tradomaniacs,
still see a bullish move in GBP/USD 👉
The current correction looks pretty weak compared the the previous impulse.
Price seems to find its bottom right at the key-support-area and has shown more multiple fakeouts to the downside.
Additionally we see that the market begins to accept higher prices and volume doesn`t really chase the downside anymore.
Remember that we closer we got to the election the higher in the risk we trade with as news will decide what happens.
Market is overall playing a lot and DXY has failed to break through resistance the third time now.
I`m preparing and watching this setup.🙏
GBP/USD: Daytrade-Preparation
Notice: This is meant to be a prepartion for you. As always we will have to wait for a confirmation!
Market-Buy: 1,30280
Stop-Loss: 1,29850
Target 1: 1,30710
Target 2: 1,30955
Target 3: 1,31425
Stop-Loss: 43 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,60
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
USD/CHF SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
USD/CHF: Daytrade-Execution
Notice: This time with a bigger stop-loss.
Market-Sell-Order: 0,90680
Stop-Loss: 0,90900
Target 1: 0,90460
Target 2: 0,90350
Target 3: 0,90180
Target for One-Target-Trader: 0,90350
Stop-Loss: 22 pips
Risk: 0,5% - 1%
Risk-Reward: 2,25
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Adding Instruments to TradingView Chart to Track CorrelationsQuick Tutorial video to show how I add and use other instruments like DXY and ES1! to track correlations across markets.
These correlations are a powerful confirmation to help identify behaviour across markets, to give confident in the forex or futures instrument you are trading.
I briefly mention Support & Resistance zones in this video. You can learn how I produce them in the recording of my recent live streaming class >>HERE<<
EUR/USD BUYY SIGNAL #RISKYHey tzradomaniacs
I will personally take this EUR/USD trade now as I have a higher risk-aversion. Looking at SPX500 I see lots of buyers stacking here and so a chance of a breakout soon.
DXY is a t a key-resistance while EUR/USD is at a key-support-level. To me nice confluence and potential ROSK-ON in the market.
As this trade is risky because I hold it overnight I keep the risk low.
Please don`t execute it if you can`t sleep well with more open positions in this news-driven market. and stay out.🙏
EUR/USD: Swingtrade-Execution
Market-Buy-Order: 1,18190
Stop-Loss: 1,17980
Target 1: 1,18385
Target 2: 1,18530
Target 3: 1,18690
Target for One-Target-Trader: 1,18530
Stop-Loss: 21 pips
Risk: 0,5% - 1%
Risk-Reward: 2,41
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
GOLD could drop a bit MORE!Hey tradomaniacs,
currently we see more risk-off in the stock-market shown by a strong orderflow in the SPX500.
More risk-off would mean more demand in US-DOLLAR and so pressure for GOLD (XAU/USD).
Additionally Gold struggles to breka through the resistance-zone and shows more and more supply at that point.
A 5th-Wave would complete the entire wave-pattern to the downside and could so give us a great opportunity to go short.
As always we need to be very carefully as this news-driven-market can head into every direction.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EUR/AUD BUY SIGNAL Hey tradomaniacs,
welcome to new free trade-setup.
EUR/AUD: Daytrade-Execution
Market-Buy: 1,62245
Stop-Loss: 1,61770
Target 1: 1,62685
Target 2: 1,62035
Target 3: 1,63290
Stop-Loss: 47,5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,2
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Two Stocks I'm Bearish OnTwo stocks that I would currently short are McDonalds and Netflix. McDonalds seems to be making the same type of mistakes that Big Boy or Frisch's Restaurants, Inc. were making that lost costumers. The marketing tactics they have are getting either too outdated, too risky, or too controversial. Outside of that, franchise fees are too expensive. You have the whole Steve Easterbrook controversy and a bunch of high support lines that look due for a pullback. Netflix is also under fire. The show Cuties have received a bunch of controversy for obvious reasons + you seen lots of hard dips recently on it. Netflix isn't like Tesla. The product Netflix has can be replaced by competition. That being said, I'm bearish. Please invest at your own risk and do your own due diligence. Proceed with caution.
SPX500 - YES Im long againHey tradomaniacs,
previous sell-off looks like a decent washout after increasing VOLATILITY and TRUMPS TWEET bragging DOW JONES is @ 29.000.
Whether the stockmarket continues to drop doesn`t matter as I expect at least a retracement right at the trendline with the previous fakeout!
Good chance to catch some pips! :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)