Downside Ahead for JPY - COT Strategy Sell DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
JPY (6J)
My COT strategy has me on alert for short trades in 6J if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
Extreme Positioning: Commercials at extreme in long positioning, most long since 2021. Small Specs at extreme in long positioning, most long since 2021. All this is bearish.
Valuation: Overvalued VS Treasuries & Gold
OI Analysis: Upmove since July has seen CM's quickly shift to strong short position = bearish.
True Seasonal: Strong seasonal tendency for this currency to go down into October.
COT Small Spec Index: Sell Signal
Supplementary Indicators: Acc/Dist, POIV & Stochastic Sell Signals
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
Oscillators
Downside Ahead for Aussie - COT Strategy Short DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Australian Dollar (6A)
My COT strategy has me on alert for short trades in 6A if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
OI Analysis: Last 3 weeks of price rally has seen OI increasing while the CM's have been getting out of their longs. This is bearish.
ADX: Pinch forming.
Valuation: Overvalued VS Treasuries
True Seasonal: Strong seasonal tendency for this currency to go down to early October.
COT Small Spec Index: Sell Signal
Supplementary Indicators: POIV, %R & Stochastic Sell Signals
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
Russell 2000 - COT Based Strategy Suggests Downside AheadDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Russell 2000 (RTY)
My COT strategy has me on alert for short trades in RTY if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
Valuation: Overvalued VS Treasuries
True Seasonal: Strong seasonal tendency for equities to go down in September
COT Small Spec Index: Sell Signal
Supplementary Indicators: POIV & UO Sell Signals
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
Why The Rise Of The $ Is Here-3 Points To DigestDid you hear about the infamous carry trade?
this trade took a storm over the financial media.
Honestly, i was shocked that people in the
financial news networks know about
this trade.
-
Did you know this always happens?
In currency carry trades a common thing
In fact that is why we have currency pairs
-
These currency pairs represent carry trades
Basically, a carry trade is when BANKS
borrow each other money using the Government
-
Bonds as collateral
Why?
-
Because Government bonds produce cash flow.
The problem comes when the value of this
asset drops.
-
Imagine defaulting on a loan
and taking back an asset that has no value
This is what causes a market crash!
-
Remember:
-Always use the dollar index
-Dollar is the most powerful currency
-The dollar is the one number #1 indicator in forex trading
-
My names are Lubosi Forex
thank you for reading.
-
To learn more Rocket Boost this content
So that i make a follow up lesson on the
indicators above.
Disclaimer: Trading is risky, please
learn risk management and
and profit-taking strategies.
ETH looking attractive again for DCAing (vs. BTC)Some of the higher buy orders within the green range triggered.
FG{50/15} showing bullish divergence on the weekly chart.
Good time to continue to very slowly DCA into ETH from BTC again within the golden pocket as defined (i.e. btwn the 61.8-65.0% Fib lvl), and setting more bigger buy orders within the green zone below -- these on the present backdrop of extremely negative and fearful sentiments on ETH and its future being spread around.
See also:
Wormhole - Falling Wedge Close To Breakout - Potential 360% MoveA lot of new token launches (Airdrop/Pre-Sale at least) this year seems to suffer the same fate: Price might pump a bit at launch with decent volume, but soon after the interest dies and the price dumps. I've seen several coins now with huge falling wedges like we can see here, and the breakouts are usually insane. W looks like it's getting very close to finally getting out of this wedge.
This looks like a great place to enter a long. Main target is $0.786, and the plan would be to hold maybe ~20% if it looks like it can push $1. The VWAP has acted as a resistance in the past, if the price fails to go past this VWAP again I'd just sell, as it's likely to reverse again.
The St. Dev. Bands line up quite well with my targets, and could end up becoming more precise TPs.
The targets probably seem unrealistic, and maybe they are for the shorter term at least, but these markets move in strange ways, I've been seeing some crazy price action lately (like CLOUD for example)
Tight SL here, would probably look to enter somewhere lower if it gets hit.
SPY shows more interest in rallying than beforeSPY is starting to show more signs that a breakout above the flat trading its in is coming
We see increased volume over peaks of previous rallies indicating agreement with pushing up prices
RSI's SMA starts to break through the 50 line
comparing to the QQQ, its experiences another false breakout above for the second day in a row. Showing the tech sector is attempting to turn around to the upside
SPY continues to still trade flat but show more confidence in its small rallies than previously
‘Everything should take place slowly and incorrectly’.Everything should take place slowly and incorrectly so that man doesn't
get a chance to start feeling proud, so that man is sad and perplexed.
Venedikt Erofeev.
This is a quote from a very good Russian writer. ))
Appropriate.
Here's what I'm thinking.
Big timeframe 19 days, a month ago the MACD showed a ‘bad cross’.
As you can see in 18 and 21 this is what heralded the decline.
On the other hand, there were times when there were 3 crosses in a six-month period.
Let's be honest, this alt season just hasn't happened yet.
Nothing has really grown when you compare it to 2017 and 2021.
That's nonsense, not growth. Since there are a lot of projects, it takes ATH to grow.
TOTAL2 is so up at MA200 for the 19D chart.
It better hold on to that line.
QQQ looks to break into bullish territoryQQQ again breaks out above the longer resistance line to test new more bullish grounds
For the second day in a row QQQ breaks above the long term downward resistance line
This breakout is accompanied with increased volume over yesterday while trading in the higher zone
RSI breaks above SMA during this time
RSI's SMA been flat to trending slightly updward
The bulls are looking to be taking over in the near future showing further weakness in this sell off.
$SPY August 30, 2024AMEX:SPY August 30, 2024
15 Minutes.
Shorted yesterday at 560 levels.
Today for the fall 563.68 to 557.18 561 is 61.8% retracement for the fall.
Since AMEX:SPY below all moving averages i will hold the short.
As written for the rise 518.05 to 563.91 I am expecting a 23.6% retracement. We have an oscillator divergence. So only above 564 I will be closing at loss. 4$ loss for 7 % gain. Good R:R at the moment.
Let's see.
SPY holds steady while QQQ sells offDuring the past week, SPY and QQQ have diverged in their paths
QQQ slowly and steadily sold off
SPY traded flat during that time
This indicates that the sell off in QQQ was primarily tech driven and did not spread to the rest of the industries
other industries look to be holding stable
QQQ shows a reversal is nearQQQ experienced a number of turning points showing increased weakness in the sell off we have been seeing over the past week.
False breakout to the upside
Strong growth in volume confirming the breakout direction
Hammer candle on close indicating reversal maybe coming after later day retracement
RSI breaks above SMA line for first time
This change in direction we have seen today with a new interest from the bulls shows that ever selling we experience going forward will likely be tested by the bulls again.
For trend traders I would recommend sitting on the side lines until we see a stronger trend form either to the up or down side. This current down trend is showing weakness.
NOT will get a new impulse.I bided my time to share my thoughts.
1. The crowd started reacting to Durov's arrest as if the whole life of the crypto project is equal to the fate of a media person. And the people who shouted the loudest, they don't even realise that they themselves believe in this connection. all is well with Durov, so all is well with NOT. These people are a long way from the philosophy of libertarians, much less anarchists. Contempt for the hysterical. By the way, the most important tech evangelist of Telegram is not Pavel Durov himself. It's his brother Nikolai Durov. World champion student coder. Durov is a visible public face. They're like Oskar Schindler and Itzhak Stern. One creates the presentation, the other creates the ideas.
2. I assumed that the absurdity of the charges (failed to help disclose a protected communication = helped distribute drugs, nonsense) would run into very expensive lawyers that Durov could afford. I'm sure the fact that he's out on bail shows that the charges were met with a decent defence. Complicity sounds ridiculous.
3. Important detail. Many people noticed this in Russia, but I'm not sure it was noticed elsewhere. On the eve of his arrest, Durov flew to Azerbaijan. The Russian press leaked versions that he would meet with Putin there (he was there on a state visit these days). Analysts speculated that since another Telegram blockade had just begun in Russia, Durov was travelling to try to negotiate something with Putin. Soon a report appeared ‘Vladimir Putin did not meet with Pavel Durov in Baku.’ It was only after that that Durov flew to Paris, where he is arrested. What if this is a necessary step by Durov to dismiss the stupid charges through the court, to find a new formula for co-operation with the authorities and to better protect his business? If these arrest warrants are in place, then there must be some way to prove that they are ridiculous. Because he clearly lacked the support he may have been looking for from Putin. So he took the risky step of coming to France. Somehow people thought it was a colossal mistake. Not a calculated business risk. So he needed business in Europe. Durov's already out on bail. Being under court supervision doesn't stop him from doing business. He's not in jail. What if tomorrow we find out that Telegram changed its protocol for co-operating with the police on child pornography? And in court, the prosecution's case would be shattered by the defence? Therefore, the whole thing was worthless.
4. people who are completely confused in their heads are despicable. They write NOTcoin and mean TONcoin. They write TONcoin and mean NOTcoin. And all this only because they heard somewhere that all this is somehow connected with Pavel Durov, and therefore it is the same thing. Such guys not only can't be trusted with the keys to cryptocurrencies, they can't even be trusted with the key to their own flat. Exaggerating concepts and meanings is disgusting. NOTcoin is not TONcoin. Yes, it is an asset integrated into the TON system. But TRON has a lot of things integrated into it as well. However, some coins on TRX are rising, others are falling. No need to generalise. NOTcoin is related to gaming. TONcoin is a more universal currency, more like classic money.
5. VFI LF on the 4 hour timeframe is showing increasing volume flow, and even the slow volume EMA is about to move to the upside from zero. To watch.
6. In Russia there is a saying ‘Fear has big eyes’. This is the very case, as they are now looking at NOT. Forget about Durov. He is not a tsar or a god or a hero. An asset is an asset.
7. As with the rest of the market, we need a falling bitcoin dominance. This is far more important than whether Durov is in jail or not.
Against the TrendYesterday's Hanging Man may become confirmed toy by another one. This may indicate that there is a downward correction due after the 50% rise within less than 2 weeks only.
The momentum is declining.
Bitcoin is Bullish Long Term - Next Wave is Coming!While there is some danger of a deeper correction in the near future, the longer term picture is strongly bullish:
Bitcoin is clearly in an uptrend on the monthly timeframe. Higher highs and higher lows. Even crashing all the way down to 30K will not violate it.
Elliot waves: we have completed 3 waves so far and we're in the wave 4 right now. Wave 5 can be expected next once the current correction/consolidation is finished.
The cycle is far from over yet. It can last until the end of 2025 and the new ATH can be estimated to occur somewhere between November and February. Read more in this post.
Monthly RSI hasn't reached the extreme values it reaches every market cycle top yet. It can be expected to reach 87-88 this time based on the trend line you can see on the chart below.
QQQ showing more selling to comeQQQ throws signals that bears are still firmly in control and the downward trend should continue
QQQ tests major resistance line, fails to breakthrough
During recovery in late day trading volume steadily decreases showing disagreement in recovery
After hours shows a significant sell off which has recovered some since.
RSI falls in step with price showing no signs of reversal coming
Next major support line is around 463
Today marked the first day of strong downward trading breaking through support and holding. We are looking at more selling to come
ARBUSDTHi guys
The main trend is downward. We have not yet received confirmation of a trend change and the bullish outlook is very weak for now.
But on the daily and four-hour time frames, we have a positive RSI divergence.
And provided that the downward trend line is broken and the resistance range of $0.893 is consumed, the possibility of the continuation of the upward trend is strengthened.
What do you think?
SMH throws mixed signals compared to QQQSMH indicators, EMA crossover, and stock throws mixed signals
EMA remains below its SMA line
RSI breaks slightly above its SMA
stock price remains firmly inside lower resistance line
SMH is rather prone to false breakouts. So the RSI breakout above could be a fake out for sure. Prefer to wait for extra confirmation of new direction with SMH before making trades on it.
SMH is overall giving more bearish direction than bullish.