Trump
GBPUSD is preparing to a Possibility Down Trend.Hello Dear Traders.
GBPUSD is Now on a Major Key Level and May Something Happen in the Future that change Trend Direction. So it's better to be aware And Close or Don't open Long positions to see what potential or reaction will be here. look for your Money management and strategy at this Area.
Good Luck.
Interesting events at Bitcoins high & lowsJust playing around with @TradingView
Features - looking at the "all of BTC History" chart - this got me thinking.
What happened in world news and events on the highs and lows? Anything significant or interesting.
The one thing I didn't include was the launch of Ethereum. Which was July 30, 2015, encase your wondering.
Thought this would be interesting to share.
I won't paste links to each article - but used a site called "the week" to pull up historic dates & events.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
📖 Trading Books 📖As a trading coach & mentor, I often get asked about where to go and find resources. Anything from books to specific strategies. So I thought it would be interesting to not only share with the community some books I have liked over the years. But to ask for your favorite books, any suggestions - any thoughts on the books listed?
Even if they're slightly outside of the conventional trading manual concepts - there are some great Wall Street stories, banking or business esq books.
Be great to get some conversations going!
Here's the second wave.
The next wave - moving away from trading manuals per se;
Another list;
And lastly some books worth mentioning but were just off the top 20 spot.
So what are your best books? why? what do you make of some of the books mentioned?
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
#SPY OR SPX500 OR S&P500 ANALYSIS FOR MARCH 2021Hello Traders,
Welcome to March 2021,
It has been quite the mixed start in the markets especially with the huge sell-off in the Technology sector. This has
alerted us to activity taking place in the market and we've decided to see if it's really a turn for a BEARISH Stock Market but it doesn't
seem that we are there yet. After the week of predominant sell off in the markets, we've spotted the S&P Index for a Buy opportunity.
As of now, this week seems to be in corrective mode after February's buying, so we shall see next week onwards if bullish action
continues above $3900 and higher.
TVC:SPX
The Trading Regime.
Always trade ONLY with what you are ok to lose. Recommend max 3% of account balance per trade, 10% total account exposure.
DISCLAIMER: Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. ... All trading strategies are used at your own risk.
short term long to short
US strength could be the LPSY of the AUD - this means we could get a high to the BC, some rangebound moves and then the drop to around 74000 level.
in terms of Elliott, we are either in the 3-4 down or if we get a new high here it will be a fake-out and then down.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Don't Be Fooled By BEARISH GOLDSome interesting info on Gold.
Reading a couple of articles on Gold. I feel the general consensus is Death to Dollar & Strength on Gold. I feel the Global pandemic has shifted the normal correlation across the entire market and possibly every instrument.
If you look at the spike in the U.S. 10-year Treasury yield, dealing gold a series of setbacks. This is far from over...
Coupled with the geopolitical risk component that has held up gold for decades has almost vanished too, with the shiny metal falling instead of rising from a recent flare-up in Middle East tensions.
Things are not what they seem.
From a technical standpoint only;
Main swing from the 2016 low has made a 1.618 spike and pulled back to the 100% Level (1) before shooting up to the 2.618.
Secondly - the 1.618 level on the smaller swing move is around the $1,655 level. We could see this level.
Step up to the monthly level and we can see an extended Regression channel - touch the outer channel.
Supported by monthly Stochastic pointing down.
This shows the levels of trapped traders - currently in Long positions - If you look left, we could see a repeat of this last spike down.
Xau (Gold) Strength is also falling still and has room even to the 50% level as per the strength indicator.
Drop down to the daily & we can see the price has broken the X-Trend structure to the Bearish side. As well as the XAU strength being less than the DXY in the short term.
So in the short term, we could expect some more moves to the downside.
A potential push up to the trend around 1,850 could be the current roof until the move down completes.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Short and Long moves playing out EURUSDAs this pair is currently in an overall uptrend it's only now nearing its 4th wave completion of a weekly Elliott wave. Supporting this aspect of the move, there's a 5th wave extension measured with Fibonacci levels, just under a daily imbalance zone (further magnetic pull to the downside.
You can see the basics of the Elliott move - I have highlighted it using Midpoints of the price to make it clearer to view.
In addition to this the DXY which is counter to the EU - has a weekly bias to the Bullish side.
And of course, the opposite then applies to the stochastic on the EU itself.
The above also shows the Golden zone for the major Fib pullback between 50 & 61.8%.
In terms of momentum, we have a download of pressure shown on the Oscillator.
Our Quadratics Indicator also shows a move from above the Mean level coming below.
There is also a Demand zone at the same daily 5th extension shown in red here;
We can see the closest pull being a daily Imbalance
With this being said - the overall Bias is Bullish, but we would like to see the drop to complete the pattern before the next major rally.
Have a great weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.