GOLD 4 Month Break DownGood Evening Everyone,
I know it's been a long time since I have posted. Been busy in the charts focused on personal growth. Inward energy which has now translated to my trading.
Please watch the entire video to understand my break down and thesis.
Lets see what tomorrows news brings. As always trade safe set stops set takes and make sure you are always using appropriate risk for your RR.
OH AND PLZ BE PATIENT TOMORROW YOUR ENTRY TARGETS WILL ALL GET HIT ;p
Happy Trading Safe Trading!
I'll get back to posting more frequently if we can give this video some love!!!! Cheers
Move
Potentially LARGE GOLD MOVE INCOMING! URGENTHello traders thank you for viewing another one of our video breakdowns of XAUUSD .
We will always provide our community with daily updates and current status of gold . Currently looking for XAUUSD to continue its bearish trend down into the 1932 levels and potentially much lower on a break and close below 1941.
IF not we will hold the pennant formation for a push into 1960 range and will have to update from there.
From there I will update you on my bias for the intraday trades throughout the week. I may not be able to post once it gets down there as I will be asleep but we are looking for buys again out of that region with some red folders coming up for news tomorrow. We can certainly see another volatile day out of gold!
As always set your stops set your takes and be sure to always use proper RR!
Thank you for your support!
Bond Market Volatility & EconomyBond yields serve as a leading indicator of economic performance, with major headwinds in the form of inflation and labor shortages, short-term yields have begun to invert demanding higher premiums than longer-term bonds.
As the bond market moves in anticipation, volatility increases and serves as a signal to the broader economy.
$MOVE provides a benchmark with bond market volatility, with an uptrend and spikes nearing Feb/Mar 2020.
The chart presents measurements going back to lat 2002, reflecting a dramatic uptick in volatility as the housing market collapsed in 2008.
The uptrend reflected now is serving as another warning to the markets that turbulent times lay ahead.
🎯 HISTORICAL EDGE - 01APR22PRO TRADER: Do you see the HISTORICAL EDGE?
PRO TRADER: Yesterday was the last trading day of the month. We closed above the 200D Moving Average.
NEWBIE:... silence ....
PRO TRADER: We also closed for a second day down and we closed in the lower range of the intraday.
NEWBIE: And?!
PRO TRADER: This has a significant edge for market. We backtested it since 1996!!! And we see an oportunity you can take advantage of.
⬇️ ⬇️ ⬇️ RESULT ⬇️ ⬇️ ⬇️
This setup has occurred 28 times since 1993 ! 💎
The 1 day move has had 85% chance of being bullish 🟢 on the next day ( aka market session on 01APR)
The average winner has been 2 times larger than the average loser!!
Ethereum Classic (ETC) UPDATE 255.24Ethereum Classic has been trading within a descending channel (yellow) since the start of the month. As of press time, the $25.24 support level had held firm. Moreover, the price has compressed in the past 24 hours (white), just beneath the channel’s upper beneath. This could see the price break out to the upside, or face rejection at the channel’s upper boundary and move beneath $25.24.
Bitcoin could see $37.5KBitcoin (BTC) is set for a “bigger move” as soon as next week, fresh analysis says as volatility faces a breakout situation.
In its latest market update, trading suite Decentrader told readers that the time would soon come to “pull the trigger” with liquidity as BTC price action goes up or down.
Analyst on BTC: "The bigger move is coming"
Bitcoin has been making lower highs and higher lows throughout this week as a descending wedge on lower timeframes sees volatility ebb.
Such a situation cannot last forever, and for Decentrader’s Filbfilb, it has a matter of days left to run.
Gamestop - MOASSIdea for GME:
- The MOASS is here.
- There is a global shortage of both US dollars and high quality collateral for debt (10-year US Treasury bonds). Why would the dollar be rising despite the high CPI prints? It's simple. To borrow, one must have collateral.
- CS's Zoltan Pozsar explained in Nov. 19th Global Money Dispatch that currently, this demand is caused by Europe. "the ECB bough too much , reducing net supply via QE, and it topped it up with TLTROs... This week, the collateral shortage in Europe spilled over into the FX swap market: on Tuesday it became cheaper for a euro deposit holder to pay a premium and swap euros for dollars and buy Treasury bills with those dollars than to buy German bills."
- While I won't go into it, it is speculated that Citadel has a great short exposure to 10-year US Treasury bonds, through their repo market arm, Palafox. May or may not be true, but it is evident that someone (probably every hedge fund) is short USTs and they are also short GME. GME by extension is a bond market volatility proxy. As long as the correlations hold, it can be traded.
- What is also true is that Large and Small speculators are record short 10 Year T Note futures, while commercials are record long. Bond market volatility is reached a level where VIX was trading at 50+ previously and is higher now than what it spiked to during GME's first squeeze to 500. Somebody is about to get to get blown up.
Bond Market Options Volatility (MOVE) leads GME by 15 days. Timing of MOASS, Dec.3:
GME losing correlation with IWM and gaining correlation with VIX and USTs (new regime):
You might get one more smash down (I expect a smash in bonds in a risk parity event before a squeeze), but I am confident this is about to happen. I'm not even going to give a price target, but it's over 4 digits for certain.
When I did analysis for my AMC trade, I correctly read the psychology of the large market participants, after reading into it more and connecting the dots, turns out they were BlackRock and Citadel:
If you are short GME, do you even know who is on the other side of your trade? Retail "apes"? No no no!
BlackRock, who manages the US assets of foreign sovereigns, and ICBC China, with a 100% correlation to GME. China is about to enter an easing phase:
GLHF
- DPT
Causation always produces a correlation. Liquidity takes time to flow through the economic machine.
Volatility - Convergence, Reverse Calendar SpreadIdea for VIX:
- Spot VIX sub 17 (quickly rising), 2 point spread has appeared between spot VIX and front month, with a high degree of contango in term structure, and a significant spread between Treasury volatility (MOVE).
- Daily Roll Yield 0.10~
- Possible to either capture spread, or have a low risk bullish bias.
- Positive correlation right now with Vol and Equities. High demand.
Strategy:
- VXX-VXZ spread, reverse calendar spread, front month-spot (ES or spot VIX options) spread.
- Front month VIX, spot hedged (ES or spot VIX options).
GLHF
- DPT
MarketMove Token - $MOVEI think this token for good promising project to invest in.
Do your search about it.
coinmarketcap.com
marketmove.ai
- Please share your opinion in the comments.
* This is just an idea, Not financial advice.
SHORT MOVE CONTRACT AS PER PREVIOUS POSTS Two daily dojis and BB imply volatility incoming...
Just temporarily
51k would grab a lot of liquidity