TOTAL updateUpdate on TOTAL after following our channel over the last couple of weeks and coming to our fib resistance point. I feel we will reject or just barely come above that fib before a retrace back to allow our 200 moving average to remain sideways and up.
As always these are only ideas and not guarantees. Please only use this as opinion and do not base your trades or finances upon this analysis. Simply looking at trends and where we may be at in terms of corrections.
Good luck
Markets
PLUG: dna of Speculation to Adoption Applies across MARKETSa look into an idea that was a dream note til ESG buzz fever hitts the market with Prince Harry and Merkel as Poster folks to the industry this October
some issues stocks metals crypto fal into this situation...
trick is to spot it before the dump or pump
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kinda like Vaporware to actual hardware or sofware with use case \==
Takeaway: Volume and key levels along major price points hold the key to going long or short
sp to a new LH??sp bounced twice on a monthly resistance(black dashed), now sitting between 2 weekly resistances(pink), i think it will at least retest the upper one, from there could bounce back, in that case it would be a new lower high or head to the next one above, where it will find a strong resistance area too. The move has been done with good volume, but any how the volume in the second half of September has been quite above average so doest have to be considered so hi.
short term trade 1/2 days, let's see what sunday night(cet) tells us
GRT predictionGRT price prediction. In my personal opinion one of the strongest charts in cryptoland. After a full 80% retrace and steady support at the .65-75 range I expect a lot of upside to come in the month ahead for GRT /USD. As moving averages curl and the 365day simple begins to form on a daily time frame prices will begin to push upwards. It has been slow and steady as of late as it's only about a year old. Age and moving averages work well together
Only a price prediction. Nothing to base your trades or finances upon, only ideas for the long term
Bitcoin update and potential OctoberJust another update on Bitcoin. Lot of weakness in traditional markets may bring in a bit of short term downside for crypto. May see a similar run to last year with December heating up and Jan brining in new highs.
All just predictions - Don't take this as a go to - Estimates of price action
TNX Heading Higher?Not really sure what to make of this just yet, but the 10Y yield definitely appears to be heading higher. Ironically enough, this is happening amid a #fed that is committed (at least in the near term) to maintaining low interest rates.
My guess is the Fed knows rates will rise on their own, thereby creating a competitive environment among lenders.
We will continue to watch this one; for now it looks like we are heading to test 1.75 - 1.77. Neither long, nor short for now. Let's just observe.
Current Long Micro AUD/USD FuturesIn this publication I show a drawn up trade that is currently open on my account.
I use the principles of price action, where price is in extremes through expansion and contraction.
NO squiggyly lines just pure price action is quite simple and beautiful. To me it is an art form being in touch with the charts ebbs and flows.
Before every trade I practice a discipline called objective discovery where I read bar by bar to feel the buyers and sellers emotions in each bar.
This is my first post, Im thinking of starting a continuous blog where i post live trade ideas and go through the principles of price action and swing trading.
We start the day with a EURGBP long☝️👍Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
USDCAD Short by Chief MacroLikely a very unpopular call, but I think USDCAD ultimately fails here. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike).
I have had the view for a couple of months that the dollar looks relatively weak ("accommodative") against the rest of the market. Despite a few bebe squeezes and the expected psychological volatility that comes with $DXY, I think the evidence suggests a lower dollar ahead.
USDCAD Short by Chief MacroLikely a very unpopular call, but I think USDCAD is a short. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike).
I have had the view for a couple of months that the dollar looks relatively weak ("accommodative") against the rest of the market. Despite a few bebe squeezes and the expected psychological volatility that comes with $DXY, I think the evidence suggests a lower dollar ahead.
NDX by Chief MacroWith recent news of South Korea and Hungary hiking rates (even before this news), I am starting to more seriously consider the possibility that the *rest of the world* could lead asset tapering initiatives, ahead of the US. This would allow for Emerging Markets to stabilize, amid the $Dollar-driven commodity boom, thereby setting the stage for the next several years of global macro / monetary & fiscal policy.
US Indices: Lot's of money still coming in via accommodative monetary policy and continued deficit spending, not to mention the potential (likely) for *more attractive* debt issuance, following the post-covid-stabilization of the "rest of the world".
Just an idea and a theory - but even looking at the Nasdaq, we have seem to have stabilized above a 12-year range; which is typically a bullish indicator.... oh one more nugget: the biggest companies in the world are American companies. So in a way, the US has the ability to control dollars through corporate channels not available to other countries.
$PAGS: to make you BAGS?Today we are witnessing a sharp turn around in Emerging Markets $EEM after the Jackson Hole meeting. $IWM a strong indicator of risk tolerance has seen a sharp move back up into it's middle pivot. Could the continued low rate environment and strong economy be enough to continue the rush into risk-on assets? Keep a close eye on $EWZ though (Brazil ETF in which PAGS is located) to pin point entries. On the technical side of things, keep an eye on entries in between the two trend lines in which the current candle stick is located between and stops outside of the bottom two trendlines. I'd look to scale in over the next couple of weeks and see how strong the dips in $IWM, $HYG and $EEM are to see how much continuation is possible to the upside. Good luck traders!