DXY, GBPUSD, EURUSD, GOLD LONG TERM OUTLOOKHi Guys
Thanks to everyone who recently followed me on here
This is my longer term outlook and what I'm seeing at the moment and believe is a good time to position in longer term trades and bias
J-DXY
DXY + Basket Pair Analysis/Trade Plan : How to Trade FXleave a like and give me follow if this is something you interested in
live entries here
DXY Basket Live Price Analysis : Taking Profits & Reducing Riskanother quick update, yes i did eventually get GU and UCAD reversed
after UJ hit targets I went flat. EurUsd and UsdCad met entry now that all my initial positions are gone i can start risking the correct amount. This is where the fun begins
The Start of A Trade-Along : How to trade the Dollar Index In this video I show you how to profit in the forex market with the dollar index and the pairs that make it up
What I'm Watching for the Next Week of Trade + Updateadded a few more pairs to the watch list and I show you how to trade a few pairs
How to compare various instruments in one chartIt is good idea to compare instruments to get a deeper insight into potential big moves. In this 3 min tutorial I show how to create four scales on the right of the chart for four instruments.
To add instruments you use the compare button.
Then us a drop down arrow on the instrument at top left to find Pin to scale.
Noob Lectures: stores of value & safe havensNoob Lectures
Lectures for noobs by noobs!
Old Chart with Bitcoin & Dollar Index comparison
US Dollar: Mind the scallopsScallops are broad patterns as shown in the chart. Whilst de-dollarisation is happening at a slow macroeconomic pace, coming from Russia, China and Japan (largely), it doesn't mean that the US Dollar will simply roll over.
The pattern of the scallops is quite visible. Now the US-Dollar is at a critical point and making attempts to do another scallop. I don't assume that each scallop will be less prominent than the previous. Overall the trend from April 2018 seems to be weakening but I make no assumptions that in the short term (next few weeks) the US-Dollar will not bounce north.
US-Dollar strength is broadly inversely correlated with commodities, metals and US-stock-markets - whilst affecting the strength of other currencies indirectly.
The pattern is useful in terms of assessing other positions in the markets both on Stock Markets and Forex.
A Lesson On Reading Risk Profiles (Must Watch)In the following video, Ivan Delgado, Head of Market Research at Global Prime, walks us through the different scenarios that can exist when trading risk.
Ivan simplifies the reading of the environment as a trader one can encounter by combining the price behavior of the SP500, US 30-yr bond yield, US Dollar index, and to a lesser extent, Gold, as it's become more a function of DXY performance.
A must watch for all forex traders, especially those trading risk-sensitive crosses such as JPY, CHF.
