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Nfp

Gold Longs / Charts flipped Calling longs ahead of NFP tomorrow. Pretty controversial for the retail industry, but my mind works different... And I have a diff edge in this market. Don't trust me? Im I a crazy as* mf ? Maybe ... But if you want to win im urging you to go long... IF you want to get wacked keep selling your trend based on your shitty mainstream information. Anyways good Luck. Hold into the prev year highs if you want but you need some strong balls to do that, im doing it... as my profile says im a investor not a retail day trader. Lets make the bag babyyyy
FX:XAUUSDLong
by tropicalinvestor
Will USDCAD rise?Today is an important day for both USD and CAD. Employment data from Canada and the USA are published at the same time. This leads to greater fluctuations. Technically, USDCAD broke the downward trend in which it was and started raising H1. This week we saw a sideways movement, and the break outside it will determine the future direction. The probable scenario is to see a new rise to 1.2937. And with more movement and momentum, the next level is 1.3067. The options for entering a trade are risky at the moment or wait for a break with the moment of the news! The idea breaks down when the previous bottom breaks! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Long
by ForexTrendline
1
Potential Sniper Shot off the 1.29 Handle - USDCADCurrently I'm bullish but I'll be bearish off the 1.29 handle. This morning we had fairly decent ADP figures from the US in at +174k. Typically on a monthly basis the ADP provides a leading clue as to what we might expect with the following NFP figures. My guess is that Non-Farm on Friday will come in hot and could add some strength to the greenback. I don't think the dollar will remain strong for too long though if we do in fact get some strength following the report. For that reason, I'm placing pending sell limit orders off the 1.29 area in an attempt to snipe the intra-day top. ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
Long
by Michael_Harding
The Top 5 Fundamental Currency DriversThe goal of this article is to understand what really moves the markets. 1. Central Bank Decisions These organizations manage the countries monetary system and policy. They control the countries money supply and operate through specific mandates. Stable inflation is a common mandate applicable to the majority of central banks. Interest rates are a crucial tool used by them to reach their mandates. Changes in interest rates have a tremendous impact on the Forex markets. Rate decisions from central banks can cause lots of volatility. They’re also great opportunities for making money. For this reason, interest rates should be something all Forex traders monitor. Good to start here as a beginner in fundamentals. 2. Economic News Releases News releases like: GDP Gross Domestic Product CPI Consumer Price Index Employment Data like average earnings, NFP, and unemployment Rate could have a huge impact on interest rate decisions and traders always have expectations on these releases if it differs from it market reacts. 3. Geopolitical Events Politicians are an important part of the market moves. Investors seek stable economies, also tax decisions and fiscal policy decisions are drivers of the market. 4. Natural Disasters Things like earthquakes or tsunamis can negatively affect a country’s economy. 5. Intermarket Movements Equities Bonds and Commodities are all connected to each other so one spike in an asset class could lead to moves in the other asset classes too. Things like risk aversion and risk appetite are a daily play on the markets because the risk is a great factor of daily currency moves. Safe haven bids are bonds Japanese yen and Swiss franc in a market crash these assets have money inflows. Hope you enjoyed this small article for more information visit my website vitezabraham.com. Have a Nice day! Vitez
Education
by Vitezabraham
USDCAD: Break Hook and Go after NFP!Couldn't resist not analyzing this setup! Here it is for educational purposes. Never chase a breakout - Wait for pullbacks to get a more attractive reward-to-risk for your setup. The trade went like this: 1. CAD labor market numbers strong vs USD labor market numbers weak (13:30 London time) 2. Breakdown on strong selling volume 3. Pullback to important 1.2850 level 4. Liquidity returns on high-volume weak bullish candle (chance for institutional traders to buy CAD at discount price, i.e. short USDCAD . They drain liquidity until the price reaches the 50%-61.8% zone. Yes, it's manipulation.) 5. Now we have a classic "break hook and go" setup with a profit target at the 1.272 Fib extension (reward-to-risk 9:1 if aggressive) Great trade to close the week!
by MujkanovicFX
GBP/USD: Trading Brexit (FIST Analysis)Happy Friday traders! Time to make an update on GBP/USD. Here is a FIST (Fundamental, Intermarket, Sentiment, Technical) analysis of the pair ahead of the NFP and potential trade deal. FUNDAMENTALS Services and Manufacturing PMIs in the UK came in better than expected, but the main market theme is still whether the UK and the EU will reach a trade deal over the weekend. Some reports show a deal is "imminent", but France is still playing hard on the fisheries front, demanding access to UK fishery waters. Btw, fishery accounts for a fraction of a percent in UK's GDP. In the US, we are waiting for NFP numbers. ADP numbers came in weaker, while unemployment claims came in better. NB: Goldman Sachs expects a number around 450k (are they looking for selling pressure from dumb money to get into USD longs? We will see) CLUES FROM INTERMARKETS 2-year yield differentials point at a lower GBP/USD. Higher demand for UK bonds pushes UK interest rates lower, signaling flight to safety ahead of the trade deal deadline. WHAT DOES MARKET SENTIMENT SAY? Fast money (hedge funds) increased short positions in the GBP for the fourth week in a row. However, there is still room to the upside until we see a 52w extreme positioning. This means that there is still room to the downside for the GBP, but also to the upside (short squeeze). TECHNICALS As expected, the pair remains range-bound and trades around the point of control, signaling fair value at the moment. In case of a deal, I see 1.36 as the first profit target (bull flag target, 1.00 Fib extension), followed by the upper 1.36xx levels (1.272 Fib extension). A no deal scenario should at least see the lower 1.31xx levels, where we have a major liqudity zone and where large buyers could join the market again. == SUMMARY == I don't trade on Friday, and I don't trade if there are event risks. Trading a deal/no-deal scenario is gambling. Instead, wait for the outcome, let the market pick a direction, and look for pullbacks to get into the position. Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks!
by MujkanovicFX
2
EURUSD 30M TF STRATEGY + 2% RISK = +5,139% GAIN FROM JAN 2020 !EURUSD settings using our strategy and refined parameters to maximise market edge on the 30M time frame on EURUSD . This can be done on any pair and any time frame with NO ANALYSIS !! 5,139% account gain since January 2020 based on 2% risk per trade. Current open position running +7.5%. Meaning if you had started in January 2019 with a £500 account, this would now be £25,698.78. You'll see the data below in the strategy tester with all trades listed win, lose, and open position. OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
by RossTyler
4
November 1 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Two-Day Balance, 100% Retracement Level And LVN Below $3,200. Technical: Broad-market equity indices ended the week lower with S&P 500 retracing nearly 100% of the rally that began after the September sell-off. During Last Week’s Action: Alongside a materialization of the Federal Reserve's growth risk factors -- a lack of fiscal support, resurgence of the COVID-19 coronavirus, as well as a tightening of financial conditions -- U.S. index products showed increased confidence in their exploration lower. Going back, last week started off with a clear break from balance and acceptance below the October 22 excess low, which suggested a change in directional conviction. The selling intensified, after a failed response at the $3,370 high-volume concentration, and continued into Friday’s close, through the $3,330 level, which marked the upper boundary of a low-volume concentration, initially formed by upside directional conviction. Given Friday’s end-of-day rotation, away from value, the week ended within a two-day balance area, providing a clear trading framework for the week that follows. Therefore, if participants were to initiate and spend time outside of the balance area, then it's likely the market will continue in that particular direction. Otherwise, prices will remain range-bound, favoring short-term, responsive trade. Fundamental: Alongside a resurgence of the COVID-19 coronavirus, in a commentary, Bloomberg discussed the notion that the fear of COVID-19 is more impactful on the economy. In support is the following statement by Variant Perception, an independent economic research provider. bloom.bg “As long as policymakers and the media present a more alarmist view of the virus’s impact than can be justified by a dispassionate analysis of the data, recoveries will continue to stutter. On the other hand, an easing of the fear portrayed would likely allow recoveries to accelerate at a much faster rate.” Continuing, Moody’s Capital Markets Research finds that medical professionals claim a second COVID-19 wave will not exact the same toll on hospitalizations and deaths. bit.ly With that, Bloomberg adds that the focus on mandatory lockdowns is overdone since the mere idea of catching the deadly virus invokes voluntary social distancing, which has a greater impact on mobility than the lockdowns. This is validated by IMF data which found that the lifting of the lockdowns generally had a more limited impact than imposing one. As a result, Variant Perception suggests that negative coverage of COVID-19 be lightened. Key Events: Monday: Markit Manufacturing PMI, ISM Manufacturing, Construction Spending, Presidential Election. Tuesday: Factory Orders. Wednesday: MBA Mortgage Applications, ADP Employment Change, Balance of Trade, ISM Non-Manufacturing Business Activity, ISM Non-Manufacturing Employment, ISM Non-Manufacturing New Orders, ISM Non-Manufacturing PMI, ISM Non-Manufacturing Prices, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change. Thursday: Continuing Jobless Claims, Initial Jobless Claims, Fed Interest Rate Decision, Fed Press Conference. Friday: Non-Farm Payrolls, Unemployment Change, Average Hourly Earnings, Average Weekly Hours, Nonfarm Payrolls Private, Participation Rate, Wholesale Inventories, Consumer Credit Change. Recent News: The U.S. faces the biggest week of 2020 with the election, Fed, and jobs report. bloom.bg High-yield spreads are showing a muted response to ultra-high equity volatility. bit.ly Independent traders doubt new lockdowns in Europe will lead to a further oil rout. bloom.bg BlackRock Inc (NYSE: BLK) will benefit from its 2021 ETF expansion in Brazil. bit.ly Chevron Corp (NYSE: CVX) and Exxon Mobil Corp (NYSE: XOM) cut spending. reut.rs Honeywell International Inc (NYSE: HON) profit beats as cost cuts soften sales hit. reut.rs The October equity market sell-off anticipates a meaningful drop in business sales. bit.ly Tech companies will have to explain how algorithms work under a new EU ruling. reut.rs Johnson & Johnson (NYSE: JNJ) plans to test its COVID-19 vaccine in ages 12-18. reut.rs Cboe Global Markets Inc (BATS: CBOE) tops profit views as retail activity supports. reut.rs Under Armour Inc (NYSE: UA) sees demand for sneakers, masks driving revenue. reut.rs Walmart Inc (NYSE: WMT) unit Sam’s Club and DoorDash team on medicine delivery. reut.rs Joe Biden’s clean-energy ‘revolution’ faces challenge to match fossil-fuel jobs, pay. reut.rs U.S consumer spending beats forecasts; worries over decreasing government money. reut.rs Federal Reserve cut loan minimums, easing terms for Main Street Lending Program. reut.rs Key Metrics: Sentiment: 35.3% Bullish, 29.4% Neutral, 35.3% Bearish as of 10/28/2020. bit.ly Gamma Exposure: (Trending Lower) -78,315,991 as of 10/30/2020. bit.ly Dark Pool Index: (Trending Neutral) 43.6% as of 10/30/2020. bit.ly Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
2
GOLD NFP TRADE#gold #goldsignal #forex #forextrader #trading #forextrading #money #forexsignals #trader #forexlifestyle #investment #entrepreneur #investing #binaryoptions #fx #invest #forexmarket #forexlife #stock #success #investor #daytrader #stockmarket #forexsignal #bhfyp #trade #wallstreet #daytrading #financialfreedom #forexprofit #finance #motivation #millionaire #wealth #forexeducation #gold #forextrade #makemoney #profit #luxury #eurusd #forexanalysis #technicalanalysis #forexmentor #cash #pips #makemoneyonline #broker #lifestyle #forexsignals #forexprofit #forexmoney #forexsignalservice #money #trader #tradingforex #forextraining #investing #forexgroup
OANDA:XAUUSDLong
by FREEPIPSVIP
What to Expect on NonFarm FridayStocks got smacked down to relative lows. We may be forming the first shoulder and head of a head and shoulders pattern. Watch 3396. If the S&P can't break this high, then we will have our second shoulder. The neckline will be solidly established at 3308. The Kovach OBV is trending down, so we may not even see this H&S form before a breakdown. We do have several levels of support before that at 3293 and 3279. There are several more before 3200, which is a very strong technical and psychological number. Nonfarm payrolls today will play a huge roll in whether the S&P can keep current levels or dive further.
FX:SPX500Short
by quantguy