BRENT CRUDE OIL (UKOIL) (BCO/USD) 4-HOUR TIMEFRAME LONGThe price of brent crude oil (UKOIL) seems to be moving in an uptrend of late. This is because Saudi Arabia decided to take matters into their own hands and cut production, forcing the market to drive prices up (basic economics of supply and demand!). This is also coming at a time when the whole world seems to have forgotten about the bear attack on oil last year and the Kashoggi murder. But let's focus on the now.
In order to enter a short, traders can wait for a retracement to the 68.46, which represents a previous support/resistance level. If you have been living in a cage, then you probably should know that OPEC stands for the Oil and Petroleum Exporting Countries, and they are the cartel controlling crude oil prices and supply. In the centre of this cartel is Saudi Arabia, which is the largest producer of oil worldwide. Muhammad Bin Salman, the crown prince of Saudi Arabia hopes to raise prices of oil for the benefit of his kingdom whilst he comes under constant pressure from westerners like who believe oil should be sold for peanuts in order for them to continue using their dinosaur fuel-guzzling Chevys and Ford trucks without feeling the wallet crunch. Guess who is at the centre of the "oil prices must fall movement"? Yes, you got it right, none other than Donny Trump!
Donaldtrump
USDJPY-Weekly Market Analysis-Jan19,Wk2On the Daily Chart , market breaks the sideways consolidation and break towards the downside.
With the Wed 2 Jan Asian Market Flash Crash, the market touches the Major Support on the weekly chart and provide a potential selling opportunity on the 1-hourly Potential Sell Zone.
I need more confirmation to look for potential selling opportunity, just subscribe to us so you won't miss out.
Some say out Trade Ideas Results in Oct 2018 is equivalent to most youtube traders 1 year net profit results.
Well, I don't know about if 2,333pips of net profits in the month of Oct is good enough for my subscribers but their continuous support may just show that they are happy.
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Short GBPUSD Brexit deal trade initial entryToday the sentiment is that there will be significant pressure on the pound. Trumps comments that the Brexit deal is a good deal for the EU and that the UK may not be able to trade with the U.S. have initially trigged sterlings sell off this morning. Those comments have been watered down to an extent by a UK spokesperson clarifying that the UK can make trade deals with the US. All that in combination with the month end flows favoring the greenback I like a GBPUSD short from the 38.2 pull back of this mornings sell off.
In addition this will be my first of a series of Pound shorts leading into the house of commons vote on the Brexit deal. The market seems fairly convinced that it will be rejected. This will drive sterling lower into the lead up to the event itself. I am going to be trading into this event. I feel the trade that has the most upside potential come the event proper is if the house approves the deal. The market is currently pricing in a rejection of the deal. If the house approves the deal there will be massive volatility as the market scrambles to price this unexpected turn of events. I will likely trade into the event with a series of trades and look to get in on the Monday before to take advantage of the expected spike. I will also be ready to close a short position and open a long position if the house in fact approves the deal.
USDJPY - Weekly Market Analysis - October 2018, Wk 3USDJPY has a major retrace last week and this could be the result of President Donald Trump shared on Social Media that the Fed has gone crazy in, increasing the interest rate;
OR
it could be just the market retracement.
In anyway, the retracement is well supported at the previous resistance area, let's see how market forms up.
USDJPY on the Daily Chart remains Bullish.
USDJPY - Weekly Market Analysis - September 2018, Week 4USDJPY on its daily chart is still on the bullish run but as you can see on the daily chart, market close with a pin-bar having the tip of it touches the previous resistance.
On the 4-hour chart, I'm waiting for a retest of the high and preferably a pin-bar form for my shorting opportunity.
Like to know if I engaged the trade? Just get into our inner-circle and I will tell you that.
XAUUSD (Gold) is going to go up with trade wars and trend Last week, NFP news came out. Bullish report for the USD, but the unemployed rate has gone up, crushing the bullish expectations. Donald Trump has also announced trade wars with China. Making the overall news bearish for the USD.
Trend analysis shows that it's about time Gold will go up.
Donald Trumps visits asia (13 days) the war is incomingHis tour is just for signs of contracts and tactics.
So bitcoin will still spike but only before the war.
Money already flows between landelites.
segwit2x is just a distraction, read pls who is signing and who is the major moneydaddy of these companies.
Just connecting all wires without feelings, its an idea
American Dreamers or the Intelligent Japanese? USDJPY has been an interesting pair to watch this year and here is another opportunity to take advantage of the volatility of this pair.
I will just be going into the technicals for this trade. If you want fundamental information visit www.investing.com they have great fundamentals with great breakdowns.
TECHNICALS
- The Market on Friday's close was on the level i identified as weekly support (109.300) looking at chart patterns from two months ago, we noticed that this level is extremely difficult to break and close below thus making it a level prone to reversals, and so far this has occurred.
-Daily Resistance (111.011) is our first target as this is the first level the market will face which could prove to be a little bit of a challenge as the market proceeds with its bull movement, so i would suggest profits are secured here.
-Resistance Region (111.774) is labelled this as the market can find itself caught in a brief consolidation between Daily Resistance and this level, we may encounter a retrace here as history has proven, although this shouldn't cause a big scare, keep your positions open but make sure profits have been locked before the market enters here.
-And our last target is Secondary Resistance (112.391) it should take near 2 weeks to play out so, patience will be key and your mental stability will be tested, in the past again the market does enjoy stalling here, once where are this high up we want to secured our profits and run.
Greed, Overconfidence and lack of patience will be tested in this trade, you will need to overcome greed when you notice that you are in a large profit, do not add more positions that you can not afford to lose, Overconfidence with this trade will make you want to enter positions with other currency pairs without doing the correct analysis, thus will cause you to make silly errors. And finally this trade will take time to play out properly, you will feel as if the market is going no where, that happens, the market is not always going to move, they may be long periods on consolidation but once it is broken strong movements will occur and you will wish you had stayed in the trade.
Look Where You LEAP!SPX 500 Hit some interesting zones today, didnt exactly follow my projected path to the T, never the less it hit the 79% Retracement Zone and reversed so sharply. This can also be a possible false move downward so I'm neutral and waiting for confirmation.
The general market does look quite weak at the moment. PNRA hype seemed to have subsided and bigger Investors used the optimism to offload positions to dumb money today.
i'm looking for a gap upandma maybe another push to the 88.6% Zone. However, feel free to think about shorting when bullish momentum proves to be dying.
Trump Fears Seen Benefiting Gold BullsQuoted from Bloomberg
Bullion has climbed 8 percent this year as a weaker dollar combined with investor concerns over Trump’s presidency. Gold’s rally this week took it above its 100-day moving average, a sign to some traders and analysts who study chart patterns that prices may rise further.
Traders are “seeking some safety in gold,” Jeffrey Nichols, a senior economic adviser to Rosland Capital, said in a telephone interview. “Initially the market thought Trump would be a big plus in terms of corporate profitability with a reduction in regulations and a more positive attitude toward big business. Now some are starting to change their minds.”
“The momentum is behind gold at the moment,” Bernard Sin, head of precious metals trading at refiner MKS (Switzerland) SA, said by phone from Geneva. “The trend from a technical perspective is healthy and there is a lot of demand globally.”
GM: Daily viewGM is an excellent company to own for the long term. That being said, outside of a core long term position in it (something like 10% is perfectly fine), we can also trade and profit from volatility, both on the long side (adding trades with trailing stops, and adding to winners) and on the short side (selling calls against our long term longs to profit from corrections).
In this case, after today's news, we see that the daily has flashed a 'Time at mode' uptrend signal with a target at 39.57 that has to be hit before January 31st. Since this uptrend's time duration expires just before earnings, it might be wise to reduce your exposure to GM approaching the target, and date, or to at least hedge your downside to protect profits by selling calls. In the case of earnings sending prices way higher, this would ruin the upside, so, the alternative is to start trailing stops periodically (at least on your non-core-long term positions) to reduce risk.
Good luck!
Ivan Labrie.
USDMXN will rocket up tomorrow with the government change in USAs we already saw in the previous debates and the day when the elections in the United States ended the Mexican peso suffers a lot in all that concerns to Donald Trump, the day he got elected this currency lost a lot of value against the USD.
The same thing will happen tomorrow, this is a total bullish forecast.