stingotho

stingotho

A lot is happening recently that it is almost hard to keep up with the market BUT! Recently the EURO has finally got 1 good W. Germany election is in favor to the currency and DAX so I expect things to turn out to be bullish.

stingotho

BTC is just like NASDAQ reacting bearish but there is an important catalyst to it which is the hack incident that happened last week. This is bearish to investors because it is a threat for them to keep their money in crypto since they are susceptible for breach. I think if BTC falls below the support at 88,000$ then we could finally see the appropriate price...

stingotho

ETH recently had a major hack incident. I don’t think this will be good for ETH and also I noticed BTC has been slowly declining to the downside. Economy has been shaken recently shifting towards YEN so smart money is probably pulling out of crypto and going towards yen, bonds, and gold.

stingotho

This is a trade I probably missed but if I get any sort of correction or retracement I will be entering long on the GBPNZD. Technical setups are aligned for an upward momentum on the price and when speaking fundamentals the BOE is fighting inflation with a cautious easing unlike RBNZ is on the aggressive easing. I may look at going long GBPCHF aswell.

stingotho

Silver is scoring very bullish on Edgefinder tool. Global economy is looking very shaky and people are just scared from many things such as US tariffs. I am just buying SILVER purely based on the fact that the fundamentals are looking good.

stingotho

EURGBP is bearish on Edgefinder and the fundamental economic data all point out to a bearish momentum for the EURGBP. The pound has been strengthening and a modest amount of volume is present to short this trade. I am having tight loss on this but optimistic on this trade so far. ECB is looking forward to cut more rates, cautiously though. Meanwhile BOE are...

stingotho

CHFJPY is short due to many reasons but the main theme here is Japan is combating inflation (or hypothetically trying to increase their inflation) which strengthens the bond and the YEN. Meanwhile the SNB is cutting rates with their easing policies hence weakening the FRANC strength. CHFJPY is an extremely bearish FX pair and probably most likely pair to fall in...

stingotho

Fundamentally, gold is mostly bullish as a safe-haven asset. We have many factors pushing the gold price up. The main reason why it is going up is because there is fear in the market. We have lost count on how many factors that pours into the "fear" factor. But as long as fear is present in the market and economy then Gold's 3000$ psychological price target is...

stingotho

Took a long on GER40 After the dip that happened yesterday. The fundamentals are straightforward and DAX40 scores 6 on Edgefinder. The technical setups are looking good and indicating for a possible "bottom". Now we don't really know how far this price action will take us up since the European economy is not stable, yet. Will keep an eye on it.

stingotho

US stocks and indices are very neutral recently. I however remain slightly bullish and found a small setup. This is pure price action bias but including the fundamental view we are in a neutral state as we are waiting for upcoming economic news. This week has been neutral due to the lack of news. We got a bunch of Trump speech but nothing more. This idea is...

stingotho Updated 

The blue trend indicates that if the price action breaks through it we may very well see a rise in price. It is just a psychological price action structure. However, if we are speaking fundamentally then NASDAQ and US economy is bullish in general.

stingotho

So it is very important for me to state that this is a very risky entry. It is Thanks giving and there is low volume out there. There is a chance that this trade may not work out and I might get stopped out but if my strategy applies to this chart then I will take the opportunity. So why did I take this trade? I love diversifying my portfolio and discover...

stingotho

NOTE: THIS IS JUST A TRADE IDEA WHICH I MAY OR MAY NOT TAKE DEPENDING ON THE OPPORTUNITY PRESENTED, PRICE ACTION, AND ECONOMIC EVENTS THAT MAY HAPPEN. PLEASE DO YOUR OWN RESEARCH! If text is glitchy please use this link regal-marlin-2d3.notion.site ! (prod-files-secure.s3.us-west-2.amazonaws.com) President Question Template: 1. Why do you want to trade...

stingotho Updated 

Direction: Long SL: 5,619.1 Checklist: - MA 20 going Upward - Break of Trendline - Fib level - Bounce from a Support/Resistance - Penetrate a Support/Resistance - Edgefinder Score - Correlation Confluence - Trading Central Preference Technical: 1. MA 20 Yellow is above MA 100 and 200 (Purple and Red). 2. No strong trendline reading but if it...

stingotho Updated 

Direction: Short SL: 1.0849 Checklist: - MA 20 going downward - Break of Trendline - Fib level - Bounce from a Support/Resistance - Penetrate a Support/Resistance - Edgefinder Score - Correlation Confluence - Trading Central Preference Technical: 1. MA 20 Yellow is falling to MA 100 and 200 (Purple and Red). 2. Red Trendline was...

stingotho Updated 

Direction: Long SL: 1950-1966 Indicators: 1. MA (20,50,100,200) 2. Trendline - Algo 3. Support and Resistance 4. Fib Level 5. I also use MT5 - Tradingcentral tools Technical: 1. MA 20 still above 100 and 200 so I believe we still have room for bull run. 2. Red trendline was broken so we have a price drop but I also see a possibility for the price to and...

stingotho Updated 

*Did not enter this trade yet* Direction: Long SL: 7425.4 Indicators: 1. MA (20,50,100,200) 2. Trendline - Algo 3. Support and Resistance 4. I also use MT5 - Tradingcentral tools 5. Fib Time Frame: 4h (I also use other time frames mainly 1D because I like to trade for long period of time) Technical: 1. MA 20 (Yellow) is very bearish and below the MA 100 and 200...

stingotho Updated 

Direction: Long SL: 66.862 Indicators: 1. MA (20,50,100,200) 2. Trendline - Algo 3. Support and Resistance 4. Fib Level 5. I also use MT5 - Tradingcentral tools Technical: 1. MA 20 Yellow is below the MA 100 and 200 (Purple and Red) but looking for it to reverse and go up and above the 50,100, and 200. 2. Green Trendline was broken recently. 3. Price bounced off...