Metals
Dealing with impatience6.1.20 Dealing with Impulse/impatience; gold silver oil ES Dow NewYork Russel 2-618 reversal patterns ( but with bullish price action )
INFLATION VS DEFLATION!THE PRICE OF OIL IS THE MOST DIFFICULT PRICE TO MANIPULATE FOR CENTRAL BANKS!
HOWEVER, THROUGH VAST AMOUNTS OF FIAT CURRENCY CREATION, THE PRICE OF OIL INCREASINGLY REFLECTS THE DEBASEMENT OF THE U.S. DOLLAR, NOT REAL DEMAND!
TO OBSERVE THE DIVERGENCE BETWEEN THE INFLATED U$D PRICE OF OIL AND REAL DEMAND FOR OIL, COMPARE THE PRICE OF OIL TO THE PRICE OF GOLD!
XAUUSD ANALYSISI think XAUUSD is about to make a move soon as the price is moving in a tighter and tighter range. Given the fundamentals and the current trend of gold I expect gold to make a move upwards but I will wait and see how the price reacts.
Also I am trying the Heikin Ashi charting technique.
WHAT TOPICS WOULD YOU LIKE ME TO COVER?Hi Guys - all my followers and non followers..
I am getting back to releasing weekly episode/episodes of the ' Art of trading Psychology' in the aim of helping traders get in the 'zone' when trading. Mastering trading psychology is by far one of the hardest aspects in trading yet it is also the one that will drive you to you success as a trader if mastered.
I would truly love to cater this podcast to you guys and in order to do so, i need to understand what it is you're struggling with and what you would like to cover i.e
- finding taking profit hard?
- being consistent
- scared to take a trade or uneasy when you're in a trade?
- Losing too much?
Anything you think of, drop it in the comments below or message me!!
PETER SCHIFF VS JEFF SNIDER!THIS POST WILL HELP YOU UNDERSTAND THE COMPETING VIEW POINTS ON THE FUTURE PERFORMANCE OF THE U.S. DOLLAR RELATIVE TO OTHER CURRENCIES!
JEFF SNIDER'S POSITION ON THE DOLLAR:
THE U.S. DOLLAR IS STRONG BECAUSE OF A SHORTAGE OF DOLLARS WORLDWIDE TO CONDUCT GLOBAL TRADE IN, DUE TO TO FED'S INABILITY TO TRULY SATISFY DEMAND FOR U$Ds, AND WILL CONTINUE TO STRENGTHEN AS LONG AS FOREIGN CURRENCIES ARE SOLD TO BUY U$Ds.
PETER SCHIFF'S POSITION ON THE DOLLAR:
THE U.S. DOLLAR IS STRONG BECAUSE OF AN IRRATIONAL FAITH IN THE U.S. ECONOMY BY FOREIGNERS AND THE WILLINGNESS OF PRODUCTIVE ECONOMIES WORLDWIDE TO USE AND ACCEPT PRINTED U.S. DOLLARS IN GLOBAL TRADE, SUBSIDIZING THE CONSUMPTION AND TRADE DEFICIT OF THE U.S.
JEFF SNIDER'S POSITION ON U.S. TREASURIES:
THE U.S. GOVERNMENT BOND MARKET HAS BEEN BID HIGHER FOR DECADES AS U.S. TREASURIES PROVIDE THE SAFEST SOURCE OF U$Ds AND ARE THE MOST ACCEPTED FORM OF COLLATERAL FOR U$D LEVERAGE. IF U$D LIQUIDITY BECOMES CONSTRAINED ENOUGH WORLDWIDE, A SELL-OFF IN THE GLOBAL U.S. TREASURY MARKET CAN OCCUR AS AS THEY ARE SOLD FOR THE IMMEDIATELY NEEDED U$Ds, RAISING INTEREST RATES THROUGHOUT THE FINANCIAL SYSTEM AND THE ECONOMY.
PETER SCHFF'S POSITION ON U.S. TREASURIES:
THE FEDERAL RESERVE'S ARTIFICIAL SUPPRESSION OF INTEREST RATES SINCE THE 1990's THROUGH QE, COUPLED WITH THE USE OF U$Ds IN GLOBAL TRADE AND THE IRRATIONAL FAITH BY FOREIGNERS THAT THE FEDERAL RESERVE COULD SHRINK ITS BALANCE SHEET AND NORMALIZE INTEREST RATES HAS LED TO FOREIGN CAPITAL BIDDING UP THE PRICE OF U.S. GOVERNMENT BONDS. ONCE THAT FAITH IN THE DOLLAR'S SCARCITY IS DIMINISHED AND PRODUCTIVE ECONOMIES WORLDWIDE REFUSE TO HOLD/ACCEPT U$Ds AND SUBSIDIZE AMERICAN CONSUMPTION, U.S. TREASURIES WILL BE SOLD-OFF, RAISING INTEREST RATES THROUGHOUT THE FINANCIAL SYSTEM AND THE ECONOMY.
JEFF SNIDER'S VIEW ON THE FUTURE OF THE DOLLAR:
AS LONG AS THE FEDERAL RESERVE FAILS TO ADDRESS THE COMPLEX NEED FOR U$Ds AND AS LONG AS THE U$D REMAINS THE WORLD RESERVE CURRENCY, DEMAND WILL OUTPACE SUPPLY, AND THE U$D WILL CONTINUE TO STRENGTHEN AGAINST OTHER CURRENCIES UNTIL A CULMINATION OF DEFAULTS AND RESTRUCTURING RAVAGES THE COUNTRIES WITH THE MOST SEVERE LACK OF U$Ds, SENDING THE U$D SKY HIGH, LEADING TO AN ABANDONMENT OF THE U$D AS WORLD RESERVE CURRENCY.
PETER SCHIFF'S VIEW ON THE FUTURE OF THE DOLLAR:
ONCE PRODUCTIVE COUNTRIES WORLDWIDE BECOME DISILLUSIONED WITH THE AMOUNT OF EASILY CREATED U$Ds CHASING PRICES, THE APPETITE TO ACCEPT THOSE U$Ds IN EXCHANGE FOR GOODS/SERVICES AT CURRENT PRICES WILL DIMINISH, ALONG WITH THE DESIRE TO HOLD U$Ds, U.S. ASSETS AND U.S. TREASURIES. ONCE U$Ds AND U$Ds OBTAINED THROUGH THE SALE OF U.S. ASSETS AND U.S. TREASURIES ARE SOLD FOR OTHER CURRENCIES, THE U$D WILL WEAKEN SIGNIFICANTLY, FURTHER INCREASING THE PRICES OF IMPORTED GOODS/SERVICES, SENDING THE U$D INTO AN INFLATIONARY SPIRAL, MARKING ITS END AS THE WORLD RESERVE CURRENCY. IN THIS CASE, IF THE FEDERAL RESERVE MONETIZED THE SOLD U.S. TREASURIES TO PREVENT INTEREST RATES FROM RISING, THIS COULD EASILY LEAD TO HYPERINFLATION.
-IT IS IMPORTANT TO NOTE THAT THE 0% YIELD ON U.S. 10 YEAR GOVERNMENT BOND IS A DANGER ZONE IN EITHER CASE, AS FOREIGN ENTITIES WILL NO LONGER HAVE AN INCENTIVE TO HOLD U.S. TREASURIES, PREFERRING CASH, GOLD OR OTHER ASSETS OVER A NEGATIVE YIELDING BOND.
-THE NOTES ON THE CHART OFFER CONTRIBUTING FACTORS AS TO WHY YIELDS BOTTOMED OR PEAKED AT VARIOUS POINTS DURING THIS BOND BULL MARKET.
Zinc Mcx Short at 154.5 with SL 157.3We are doing Analysis of ZINC MCX on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the high to the bottom .
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thankyou
Ankur Verma
Twitter : Ankurverma3838
SILVER (XAGUSD) Key Levels
a lot of questions about silver!
currently, I don't have any active positions.
I have alerts placed on key levels, I will look at the reaction of the market to the underlined levels on the lower timeframe.
here are the key levels:
16.7 is our current strong support
17.55 is our current resistance (due to a strong bullish rally it can just easily be broken, so don't jump in aggressively)
18.55 is resistance 2
19.55 is resistance 3
trade key levels only with a confirmation.
let me know if you want to see more structure analysis!
GOLD (XAUUSD) Key HISTORICAL Level AHEAD!
hey guys,
bullish rally continues on gold.
the next goal for buyers is 1775 - 1802 resistance area.
it is a historical structure zone based on 2012's market highs and 2011's key resistance.
be prepared for a pullback based on the underlined structure.
also, remember that if you missed this bullish movement,
it is too risky and too late to jump in.
be patient and wait for a pullback for a safe entry.
good luck!
High time frame review and how to use the Strategy TesterHi All
Here we demonstrate the effectiveness again of the H4 timeframe - and also the Daily TF.
We also explain the 'Strategy Tester' Function - something that we are now working on for V3 based on ATR settings for SL and TP targets.
Regards
Darren
Forex Weekly Forecast 18th-22nd May 2020 (FX Pairs and Gold)Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
Take a look on my Weekly Forecast and How I planned my added watchlist for the week ahead! Feel free to drop in your comments right down below and share this with your friends! But still Sketch up your own trade setup before you take off. Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Gold Silver5.15.20 Gold Silver this is not just about gold and silver, it is about your priorities as a traitor, and whether you are predominantly a pattern traitor or a price action traitor. You can be a little bit of both, but you still need to know your priorities for making an actual trade decision. When I do these videos I know that I seen to be talking all over the place, and part of the reason for this is that many traders will be predominantly pattern traders, and other traders will be dominantly price action. My trade entry is triggered by price action... the way I look at price action. Most of my charting shows structure and line patterns, and then I look through that to analyze the price action. It is very important to understand the type of trader you are and recognize that you can have everything... and once you have that understanding and acceptance, it makes trading much easier. I am perfectly fine if a market doesn't meet my criteria even though I believe it's going to move in a certain direction... and yet I don't like that trade because of the price action, or the risk, or the profit potential. The difference with this kind of thinking is that the market is giving mixed signals for my way of thinking... but I'm not confused, I'm simply not convinced that I should risk capital... and that is much different from feeling the pressure to take a trade when there is no clear clarity for me... and then decide whether or not I'm going to make a a decision between an impulse trade for fear of missing opportunity, or making a decision to not trade wondering if I will suffer from remorse because I lacked conviction for reasons that weren't entirely clear for me.
XAUUSD - M Dears,
I know most of the traders think about this chart it is a new chart, but as you can see with the attached chart you can see the old one it was 21 July 2019.
and we have mentioned the gold from that date it is bullish, and it will not be bearish till touching the resistant, and that time we want to get the confirmation of the bearish with price action.
Note: we believe the coronaviruses will start to begin to weaken, and all the markets, economies, and life will working and life gradually returns to normal.
take care and be in save.
gold dxy5.12.20 This video is the sequel to the previous video. In addition, I showed two ways to frame range boxes on the gold contract. I decided to give a closer look at the bear trap on the DXY and as I did this, I realized I had to look at a couple of time frames in order to add clarity. This was a bear trap on smaller time frame, but it is a retest of a breakout higher. It is what it is on different time frames, but it has value to do this in my opinion. As I was listening to the video before uploading, I took note of how bullish the whole pattern looks on the DXY on the daily chart... to the point that it looks likely that the price will move higher to an ABCD pattern... even though I am not a breakout buyer, and the market is still in arrange box which is the dominant behavior. If you don't understand this, I will come back and review it once we get a chance to see how the dollar plays out. The reason I bring this up is because of my conviction that higher time frames result in much more accurate assessment of the bullish or bearish nature of price action.