Chaos looms: meltdown in sight. Mario Draghi made an honest assessment of the Eurozone today, which wasn't rosey. The big money wasn't happy with this. Stock markets and Forex around the world were thrown into some degree of chaos. All stock indices were affected - proving once and for all - that we are all part of a global economic system. What happens in the Eurozone or in America, simply does not just stay in those regions. In this screencast, I show where I've suffered in holding to my confidence in the indicators, from that important technical perspective. And now I'm in a no-loss position. If the market moves south, I shall follow - no need for targets or price levels.
The markets show me entry points and decide exit points. Just to be clear - hope and luck are not part of my equation.
Forex-aud
Extreme trader sentiment points to possible USDJPY uptrendThe Trend Follower Strategy has just bought USDJPY at 112.773. The system recommends entering this trade at any price between 112.663 and 112.883. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.512. This suggests that the USDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.441, so the stop loss has been set at 112.332. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 59009
Time Issued: Tuesday, 25 September 2018 00:00:16 GMT
Status: open
Entry: 112.663 - 112.883
Limit: N/A
Stop Loss: 112.332
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Breakout Identified in GBPJPYThe Breakout Opportunities system has just bought GBPJPY at 148.496. The system recommends entering this trade at any price between 148.286 and 148.755. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.281, suggesting that the GBPJPY may have further to rise. A stop loss has been set at the 24-hour low of 147.656 and a profit target has been set at the 1 Day ATR level at 149.533. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 59014
Time Issued: Tuesday, 25 September 2018 11:02:16 GMT
Status: open
Entry: 148.286 - 148.755
Limit: 149.533
Stop Loss: 148.288
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
79.79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US Dollar Index could produce a surprise rally towards 95.70 ?The US Dollar Index has tested lows at 93.80 twice now without much success and is back higher, trading around 94.30/40 levels at this point in writing. Please note that a short term resistance line is passing just through the price and a break here could push the index higher towards initial resistance at 94.80 levels. Looking at the wave structure, medium term bearish outlook still remain intact, but the US Dollar Index could produce a rally towards 95.50/96.00 levels before reversing lower again. We have changed our stand from bearish to neutral for now and would be looking for intraday rallies through 95.50 levels at least, to initiate probable shorts.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
US Dollar Index at potential support around 93.70/94.00 ?The US Dollar Index broke lower from its consolidation, dropping to fresh lows at 93.83 levels. Please be aware of a potential bear trap around 93.70 and 94.00 levels since the entire region is fibonacci 0.382 support of the previous rally between 88.00 through 97.00 levels respectively. Looking at the wave structure, it could still remain probable for the index to carve out an expanded flat as wave B. If the count holds, we would not be surprised to witness a rally towards 95.50/96.00 levels going forward. At the moment, we are changing our stand from bearish to neutral.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Possible trend shift in EURJPY – going longThe Tidal Shift Strategy has just bought EURJPY at 131.243. The system recommends entering this trade at any price between 130.983 and 131.502. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.51, which suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.208, so the stop loss has been set at 130.205. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 58889
Time Issued: Tuesday, 18 September 2018 12:00:17 GMT
Status: open
Entry: 130.983 - 131.502
Limit: N/A
Stop Loss: 130.205
Possible trend shift in EURAUD – going shortThe Tidal Shift Strategy has just sold EURAUD at 1.62477. The system recommends entering this trade at any price between 1.62274 and 1.6268. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -4.45356, which suggests that the EURAUD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00162, so the stop loss has been set at 1.63289. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 58848
Time Issued: Monday, 17 September 2018 08:00:15 GMT
Status: open
Entry: 1.62274 - 1.6268
Limit: N/A
Stop Loss: 1.63289
Possible trend shift in USDCAD – going shortFXCM PLUS Trading Signals
The Tidal Shift Strategy has just sold USDCAD at 1.30654. The system recommends entering this trade at any price between 1.30484 and 1.30824. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.1172, which suggests that the USDCAD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00136, so the stop loss has been set at 1.31334. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 58759
Time Issued: Tuesday, 11 September 2018 21:00:15 GMT
Status: open
Entry: 1.30484 - 1.30824
Limit: N/A
Stop Loss: 1.31334
Greenback strengthensAt the moment, the US dollar continues its rally and strengthens against the basket of major currencies. The dollar index moved away from the weekly low and rushed up.
Despite the increase in oil prices, the Australian dollar is losing ground against the reserve currency.
At the moment we expect that the pair will be directed down and overcome the 0.7360 mark by updating the 2-year lows.
USDCHF has broken out of major support triggering a bearish dropUSDCHF has finally broken our support-turned-resistance at 0.9831 triggering a strong bearish drop from here. We are aided by strong bearish momentum from our bearish channel and our bearish Ichimoku cloud.
We are waiting for some strength to push prices back up to resistance at 0.9831 (Fibonacci retracement, horizontal pullback resistance, breakout level).
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Australian Buying Spree and Weaker Yen #aud #forex Today we saw a break of the minor trendlines, looking to test resistance at 84.50. With a candle this strong it will most likely break that support to continue higher. Australian dollar has risen today against all majors. This may have been due to the US-China Trade Wars and is encouraging South East Asia demand for those dollars (risk on currency AUD), instead of the Japanese Yen (Safe Haven)
AUD/CAD SELL SELL SELL !!!Reasons for this setup
we have been making lower lows (indication of down trend)
bounce of Fib level 50%
bounce of bearish trend line
there are numerous long wicks on the daily to the upside which could indicate more sellers in market and buying pressure drying up and every wick unable to make a new high (Daily chart)
5 wave move is evident as we have one last leg to take out it is playing out as a continuation pattern
we also have a nice bearish push of key psychological level at 1.0000 putting in strong bearish candles
Also with the incoming strength of oil CAD looks ready to gain some strength
COT report indicates Oil is gearing up for some buying pressure so therefore effecting CAD in a bullish push
This setup is an aggressive setup as we are in a descending triangle and entering before any breakout is risky but I am telegraphing the move early which is risky but I fancy my chances on this setup
Also id like to add this is a longer term trade
My entry 0.9937
Risk nothing more then 2% per trade
my risk on this trade is 1%
Best of luck to everyone trading