Gold - Institutional Long & ShortOANDA:XAUUSD
Trade Ideas - 💡
In the 30min time frame I have identified some a couple of opportunities that follow the bias highlighted on the daily, I have not set limit orders for but will wait until price action enters these areas. There is liquidity around 1860.50 which seems ideal for the market to sweep before heading higher on the weakness of the dollar, I have two entry opportunities depending on how far the market moves in the bearish direction to complete the liquidity sweep. I have also got a sell at the 1920 level which is just above 50% of a 5m BTS candle and on the 61.8% level of the Fib which are good confluences for a sell to finally take the liquidity resting at the 1852 level.
Let me know your thoughts?
Institutional
GBPUSD NEXT SESSION IDEAS (Long)Supppp snipers, hope everyone had a greed day today. So i got another play for yall. Check it out, GBP has been rising fairly consistently today, at least for the latter half of the day. So with this in mind, we can safely assume long positions until we see some form of major rejection.
As i have marked in the ellipse, the three candles basically confirm the direction to continue upwards, the third engulfs the second and the second and the first have the same size body. On top of that we are on top of the 2 EMA's. Price action is very strong in the bulls direction and i will continue to wait until we hit the first resistance i have marked. Depending on price action we will adapt to the market. It is possible to see a pull back then a continuation from that level, or the level could just be smashed and we can follow price to the next level.
Remember, use proper risk management and dont be FOOLISH.
TRADE SMART< TRADE ACCURATE< TRADE PRECISE
FOLLOW FOR MORE!!!!
GBPUSD IDEAS (SHORT)Whats up guys, back with another idea babyyyy, been dealing with some stuff is why im absent yet again. Life has been crazy but thats what makes us wiser, but lets hop right into this one:
So as we can see, GBP has taken an extended drop and we can clearly see this from the hourly chart. Price wasnt being decisive about dropping until the very end of the trading morning. This being said, we see the price is below the 2 EMA's i have marked on the chart.
It would make sense for us to have short targets rather than long, until we have a solid accumulation zone at a lower support. But until that support is found, we can continue to search for shorts along the wave of this move. I havent been giving my all to my trades and from this point on im going to be spot on because i wat to grow with you guys as better traders. So im going to be doing my best to pump out these ideas as well as start a telegram where traders can share ideas and just collaborate. That way we have an environment full of traders learning and carving their way along this path.
Stay tuned for my next ideas, we going stupid precision fam.
TRADE SMART AND TRADE ACCURATE GUYS SEE YOU SOON!!
Bitcoin went full-on parabolic & watch price move even higher...Bitcoin has been the best performing asset of the year, and is certainly challenging the hegemonic order of global finance. What a blessing to be in this bull market guys!
When compared against all legacy financial markets such as Gold , Spiders, Diamonds and the Q's it has outran them all.
We are talking about a stunning year-to-date gain of 148%!
Here are some key concepts to consider:
• Institutional Adoption - MicroStrategy , Square, PayPal (4% of the total supply of bitcoins now reside on corporate balance sheets)
• Paypal and Square treating clients like a bucket shop holding the actual asset for them and only enabling clients to hold. Again good for the price as supply is trimmed down as price bids up.
• CME Group advised open interest on Bitcoin derivatives has reached its highest level ever
• Whales will accumulate the underlying asset to "control/manipulate/influence" the price as a few % points will enable them to make the derivatives market & kick the price around
• Retail all at this point sitting in profitable positions encouraging "hodl" culture
• Viewpoint evolving from retail "median of exchange" to institutional store for wealth or engine of wealth as the derivative market becomes popularized
• According to Forbes "60% of the available supply of bitcoin has not moved in the last year and over 40% has not moved in the last two years."
• Bitcoin flooding out of exchanges at the most rapid rate of its history indicating this is camping in long-term wallets
• Google keyword volume for Bitcoin is only 10% of its peak (2017 runup) indicating retail is not driving the relentless volume
• Technicals are all incredibly bullish - moving averages are all pointing straight up at a very steep angle
• Seeing comments on how the RSI is indicating oversold - it is worth touting that oversold conditions can continue on for a very long time
• Macro environment of central banks easing and pushing for higher inflation targets makes this financial product an outlier as it is engineered to increase in value and not inflate away
• The U.S. Dollar Index is down 0.25% Tuesday and continues to be in the doldrums versus a basket of other fiat currencies.
• Articles speculating into the future (after firmer regulation) that Fidelity/ Blackrock /Vanguard some massive player will introduce a low fee passive ETF fund which will require a huge amount of the underlying asset for the fund creation. Similar thought process of why the TSLA price runup with their inclusion into the S&P 500 - forced institutional buyers as they balance out the passive spider funds
• Adoption and regulation of BTC coming however the SEC is already offering clarity (links below)
• Gary Gensler (Former chairman of CFTC) was tapped to lead Biden's financial policy transition team concluded "that XRP and ether should be regulated as securities."
• Fun idea here, but I have seen so much grumbling from gold bugs on how gold is a greater store of wealth. I likewise am a goldbug and continue to accumulate gold as well - worth stating though what happens in a generation from now when we final visit the last frontier and become a space faring race and start mining asteroids? Supply of gold in the future may be remarkably more prevalent than we could possibly imagine.
Am I one of those calling for $100k in price? Well let's target 19k first bulls.
Sources
www.forbes.com
www.forbes.com
www.forbes.com
www.forbes.com
www.coindesk.com
www.theblockcrypto.com
www.forbes.com
www.coindesk.com
EURO: Short-term Decline AheadHello,
Looking for a temporary decline on EURUSD today as I am anticipating Dollar to pick up some strength.
Needless to say, I'm unsure of the weekly direction as I need more framework to determine a decision, but after moving away significantly from 1.17702 to 1.17444 as I delineated in my previous post - we are due for some sort of retracement to the downside.
How far can that retracement be? I'm not sure. I'm leaning towards 1.1780 as a reachable and realistic objective. 54.4 points away from current prices, which provides a great window of opportunity to capitalize from.
For now, I am focusing on shorts to 1.1780.
GLGT
Gold - Institutional BuyOANDA:XAUUSD
Trade Idea 💡
Looking for a completion of the re-accumulation schematic by entering on the spring and holding until the 1900 key level, anticipation dollar weakness as it rejects off of the daily institutional candle in the next day or so.
Let me know your thoughts?
EURUSD - Institutional ShortEURUSD
Trade Idea 💡
Highlighted two selling opportunities, the POI is the UTAD within a distribution schematic that has been forming which can be seen on the daily timeframe on this chart
Depending on the outcome of the Senate appeal on results the dollar could weaken and give impetus for EURUSD to reach these levels
As always, let me know your thoughts?
TESLA: Dangerous Waters AheadHello everyone,
I don't trade stocks. I don't really care for stocks, but Tesla is an interesting one considering how popular it is.
I just want to say that Tesla is in dangerous waters. I do not suggest buying, I suggest to patiently wait.. For now.
If you have money invested into Tesla, consider selling as the stock is more than likely to hit $250.00 per share.
Anyways, we're looking at a 35% point drop.
You heard it from me first,
GLGT.
Don't Short Euro - Upside To GoEuro is going to make one more down leg and it will see extreme volatility to the upside as Dollar is likely to see continued weakness to the downside.
Many, many of you are anticipating downside projections but something is telling me to disregard that thought.
We will go higher, and trade above 1.19202 significantly.
Ideal buy entries can be anywhere from 1.17702 to 1.17444 about a 25.8 pip range to go long.
Price should NOT go below 1.17276.
GLGT - Thoughts and Feedback are always appreciated,
Thank you
AudUsd: Temporary Downside To Go Hello everyone,
Another week is among us.
If you paid any attention to my post last week on AudUsd and EurUsd - you should of been rewarded... I sure did.
I appreciate all the feedback, follows, and messages.
Now, that I'm looking at the charts - AudUsd should be seeing temporary weakness until 0.72 whole figure, but I am targeting 0.71920.
This idea can change at any time... Especially since markets have not opened, but I am feeling like Audusd needs some correcting.
I will update this post, or post another one if anything drastically changes.
GLGT
AudUsd: Presenting Another OpportunityHello everyone,
If you paid attention to my analysis from yesterday and the updates I put out you should be in profit... I am currently up 50 points on Audusd.
Looking for more upside momentum, still aiming for the 0.70950 - 0.70980 level.
There's a buy opportunity presented within the price range from for a good 50 points with a stop loss suggested to be at 0.70362.
That level 0.70362 is not likely to be broken, we're more so likely to drift towards the upside and act like a magnet up until 0.70950 - 0.70980 is hit successfully.
Thoughts, feedback, comments, appreciation are always appreciated.
GLGT