US
Largest economies in the US and in EuropeI think every one should know what the 4 largest American states and 5 largest European ones are. After the Chicago state I really don't know what the other ones are and I do not think they carry the same weight as the biggest ones, I don't think it's that important to look at what's happening there.
In Europe Spain has had huge unemployement and people living with their parents for decades, Italy is sort of on a path of dying like Greece now, the south countries basically are doomed, the ones around central-north Europe (Germany Netherlands Belgium) are still doing very well, France is ok for now, and the central/east Europe ones are on an uptrend still recovering from the USSR and oh boy I was talking to Czechs and Slovaks today and I dared to speak not completely negatively of communism and gosh the reactions it's like going to an Antifa group and praising Hitler. It's not just Hungarian & Polish politicians, the typical population hates communism with a passion and is very skeptical of the European central power.
So to sum up I'd divide it like this:
The economic gap between Europe North and South is the reason why the Euro is under stress and might have to be changed, OR - and this might be part of the plan - why Europe needs to have even MOAR power over the nations to make the Euro work. Italians do not want to end up like Greeks, there is a possibility that the EU collapses like the USSR.
The divide between the US "camp 1" and "camp 2" is the reason why you cannot have shared laws and shared media and so on, or maybe it is a reason for the federal government to tighten its grip? Stubbornness and totally different ideals but also realities means there is a possibility that the US collapses like the USSR.
In any case the government securities bagholders will be the greatest fools the world has ever seen.
France has been vigorously fighting and spreading propaganda against Sputnik, the Russian vaccine.
But oh joy, Germany started to import it.
Now is the time we will see if France is Germany counterweight, Europe second power, or if France is a Chihuahua that will follow its master.
I already know the answer :)
The difference between the EU and the US is the EU has been stagnating for 20 years and will fall from that stagnant point, but they still retained a neutral trade balance and some manufacturing possibilities; whereas the US has been printing magical money and severely net importing to increase their wealth (not just stagnate) WHILE getting lazier and producing relatively less. So they will both fall from much higher and end up much lower.
Some states have it worse than others we all have an idea I think? I can't mention the subject without offending the cry babies.
You can look at the stats for the EU here on the link below, it goes back to 2002 it's the same story for 20 years just has kept balooning with more net importing from China and more net exporting to the USA. "Unsustainable" they said, now been going on 2 decades, nothing to see here.
trade.ec.europa.eu
NIO - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
NIO is approaching a demand area in green, we will be looking for new buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Our red trendline is not valid yet so we will be waiting for a third swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it. (gray area)
Meanwhile, until the buy is activated, NIO would be overall bearish and can still dive inside the green demand before going up, or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Us30 ( downward)-Stabilize above flag will be upward
- Stabilize under flag will be downward till 33220 then 33000
Ivey PMI could boost Canadian dollarThe Canadian dollar has reversed directions on Tuesday and posted slight losses. Currently, USD/CAD is trading at 1.2549, up 0.25% on the day.
The Ivey PMI rebounded in impressive form in February, rising to 60.0, well into expansionary territory. This followed two straight readings below the 50-level, which indicated contraction. The street consensus stands at 62.0 for March, and a read within expectations could boost the Canadian dollar.
A booming house market in Canada and elsewhere has raised fears of a housing bubble. Soaring house prices are nothing new in major urban centers such as Toronto and Vancouver, but this red-hot market has spread across the country.
However, the Bank of Canada will be unwilling to make any moves such as raising interest rates, given the fragility of the Canadian economy. The recovery could be a long one, as Canada's vaccine rollout has been unimpressive, and Covid continues to weigh on the economy. BoC Governor Tiff Macklem has called the price increases in housing "unsustainable", but with mortgage rates at an ultra-low 1.5%, demand will likely remain strong, keeping house prices at very high levels in the near future. If mortgage rates suddenly rise, it could trigger a significant drop in house prices and drag the Canadian dollar down as well
The US dollar has lost some of its lustre, as US Treasury yields have retreated. The greenback failed to take advantage of a stellar Nonfarm Payrolls report on Friday, which rose to 916 thousand, up from 379 thousand. With the Biden administration working on a massive infrastructure package, there are expectations that upcoming NFP prints will exceed the 1-million mark, as the US economy continues to gather steam.
There is resistance at 1.2640. This is followed by resistance at 1.2703. n the downside, there is pressure on support at 1.2521. Below, there is a support level is at 1.2465
WAIT TO BUYWait for this daily small correction to previous resistance to buy. As we can see on the graph, there is a shoulder head shoulder pattern in an ascending trendline, which is a very bullish sign.
crudeoil weekly levelsMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
APPLE - Buy Setup Forming!As per my last video analysis (attached below), we were waiting for a momentum candle close above the gray area to buy (old trigger) which didn't happen, so the idea is no longer valid.
APPLE is still sitting around a strong support zone in green, we will be looking for new buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Our blue trendline is not valid yet so we will be waiting for a third swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (new trigger)
Meanwhile, until the buy is activated, APPLE would be overall bearish and can still dive inside the green support before going up, or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCAD LONG TRADE 1D DAILY ENTRY : 1.26250
STOP LOSS : 1.25246
FIRST TAKE PROFIT : 1.26984
RISK : 1% CAPITAL
Once first take profit target is hit we will close half the position. We will then look for continuation of trend. As we have more information i will follow up with an analysis.
GL.
Please feel free to comment and discuss.
If you like this idea or traded it with me please like and follow for more ideas.
MICROSOFT - Trend-Following Setup!Hello Trading Family, I found MICROSOFT chart interesting.
We can see that MICROSOFT is currently trading inside these two blue trendlines forming a rising channel.
And it is currently approaching a strong rejection/ support area.
I call it "War Zone", highlighted in Orange (circle).
The highlighted orange circle is a strong area to look for buy setups as it is the intersection of support in green and the lower blue trendline acting as non-horizontal support. (trend-following setup)
As per my trading style/plan:
Short-term: As MICROSOFT approaches the orange circle (area), I will be looking for bullish reversal setups on lower timeframes (like a double bottom, trendline break, and so on...)
Long-term: I will be waiting for a third swing high to form around the upper red trendline (projection in purple) for it to become valid then buy on this last swing high (gray area) break upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck
All Strategies Are Good; If Managed Properly!
~Rich
Domino's Pizza Sell Setup Forming! Pizza, Anyone?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Left Chart:
DPZ is sitting around a strong resistance in green from Daily timeframe, and upper brown trendline so we will be looking for trend-following sell setups on lower timeframes.
Right Chart:
on M30: DPZ is forming a channel in red , but the lower red trendline is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that new swing low to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, DPZ would be overall bullish and can still test the upper bound of the resistance or even break it upward.
And of course, as DPZ approaches our lower blue support, we will be looking for buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DXY US Dollar Index (Y21.P2.E1).TA.Short termHi Traders,
This is a continuation of my previous post which was on target. Link provided below.
It seems even the mighty US dollar obey's fractal or trends.
Looking at the macro formation, by the way, I keep away from other peoples thoughts on this as they can influence your clear thinking, we have the 1st, 2nd and now somewhere the 3rd pushdown pressure and hence its reasonable to think, eventually the DXY will break though or drop hard. I'm leaning to dropping hard as it reverses here with the double bottom but whats against it is all the resistance levels and more so, the FED Res. printing trillions more.
On this chart, I picked the macd as a reference fractal to demonstrate what is likely to come.
All the best,
S.Sari
PREVIOUS POST
DAX - War Zones!Hello TradingView Family,
DE30 is overall bullish trading inside these two brown trendlines forming a channel.
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: Lower Purple Circle (14000)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of a support/demand zone and the lower brown trendline acting as non-horizontal support. (trend-following setup)
Unless DE30 breaks the blue zone downward aggressively, then the next major support would be around 13500.0 (lower orange zone)
Zone 2: Upper Purple Circle (15000)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the round number 15k and the upper brown trendline acting as an overbought area.
As per my trading style/plan:
I will be waiting for DE30 to approach one of the purple circles to look for reversal setups on lower timeframes (like a double bottom/top, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck
All Strategies Are Good; If Managed Properly!
~Rich
March 22 NASDAQ US100 Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin NASDAQ ZeroMarket US100 Chart Analysis for March 22.
"Press the replay button on the right."
This is a 15-minute chart long position strategy.
Centered around the green support line
I marked each major section.
In case of Break away, pay attention to the red support line.
*Orange over shuting section
* Trading strategy fails if the red support line is broken.
*Enter short position when reaching the sky blue resistance line
That’s it for today’s strategy.
Thank you.
BOEING - The Last Flight!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BOEING is approaching strong resistance/supply in green (300) so we will be looking for sell setups on lower timeframes.
on DAILY: BOEING is forming a channel in red, but the lower red trendline is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, BOEING would be overall bullish and can still test the upper 300 resistance or even break it upward.
and of course, as it approaches the 300 resistance, we will be looking for sell setups on lower timeframes.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The currency markets are relatively sedate...The currency markets are relatively sedate and orderly as evidenced by the index hugging a tight line either side of 92.000 amidst relative calm in bond land after recent antics and last Thursday’s particularly aggressive bear-steepening that propelled benchmark yields to and through psychological levels. Indeed, the DXY is meandering between 92.155-91.872 and most of the Greenback’s G10 rivals are rangebound awaiting a catalyst to break one way or the other that could come from data, events and/or speakers today, but may be more likely later in the week given up to date and forward looking surveys like the preliminary Markit PMIs and Ifo. Upside anticipated over the remain days of this month.
Trade #RADA Opening the first position of #RADA second test of weakly #Chanel without volume to sale.
Value of first #investment - 1000 shares / 12.48$.
Trade without stop-loss, the next buying after 14.5$ or selling below 11.5$ depends of the situation.
NETFLIX - It is time to Chill!Hello Trading Family, I found NFLX chart interesting.
We can see that NFLX is overall bullish trading inside these two brown trendlines forming a flat rising channel.
From a short-term perspective, NFLX is bearish, trading inside the orange channel but since it is approaching a strong round number 500 (in blue) and the lower brown trendline (non-horizontal support), we will be looking for buy setups to catch the next impulse.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
My Trading Plan:
Our upper orange trendline is not valid yet, so we will be waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing high to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, NFLX would be overall bearish and can still test the lower brown trendline or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Dollar Gain Bullish MomentumThe dollar fell into a consolidation after hitting at 4-month high at 92.5.
However, it was able to find constant support at the demand zone at around 91.4 amid a rising treasury yield which sparks demand for safe-haven assets.
Last week, the Fed has reiterated its commitment to keep interest rate low for a prolonged period of time until employment market and inflation reach stability.
The Fed is not worried about a surge in inflation even as rising yield prompted a risk of high inflation.
Therefore, treasury yield continued to rise after FOMC and dollar gain new bullish momentum.
This week, we plan to long the dollar as we expect the dollar to continue to break new 2021 high in the coming weeks.
We expect the dollar to retest its previous high at 92.5, and probably climb beyond 93 in the next 2 weeks.