this is how you can use the 4H timeframe to give you more confluence to trade on the LTF.
As individuals, we face decisions every day that implicate saving money for a future use or borrowing money for consumption. If we want to make an investment, one important task for us is the analysis of transactions with present and future cash flows. When we place value on any asset, we are trying to determine the worth of a stream of future cash flows. Money...
The issue for many new traders is understanding the correlation between timeframes. We often get caught up in indicators, news hype, chat room posts, and various other things. One of the biggest challenges I see when talking to new traders is simply the lack of "experience" in reading multiple timeframes. This causes confusion and even self-doubt. The issue with...
Welcome to mindset Monday, where I will share something trading psychology-related. In this post, I will be breaking down 5 things that have helped my trading psychology over the years. Trading is not only a game of strategy, but there is a level of self-awareness involved as well. The 5 things that have helped me are basic brainwave science, limiting social...
The truth is - Indicators are only what you make them. 9 out of 10 indicators lag. The rest are used by so many people that it creates a type of unconscious bias. And above all else can clog up your chart as above! That's not to say indicators are pointless - far from it, it's more about creating a bias and using indicators or chart patterns as a confirmation...
DXY The most common index used by many traders would be DXY. This is considered to be the go to index in interpreting USD strength against the other major currencies. When looking at this particular index, the first thing we should know is, what currencies are actually in the basket and how it is calculated. Below are the currencies included and the percentage...
Inspired by serendipitous events today I wanted to make this video about Ichimoku and how it can be used to analyze and confirm price trends. I use the TVC:DXY as an example because it is of topical discussion by everyone. In this video I show how to use the most prominent feature of Ichimoku, the Ichimoku Cloud, in tandem with the Chikou as momentum to...
In this very busy chart, I compare 6 forex pairs. It needs some study. What seems clear to me is that the USD strength has been heading south manly since March 2020. This is not unexpected of course, following the FED's money-printing spree, now called QE infinity. I'm not here to say whether that's a good thing or a bad thing. The overall effect of a weak USD...
In this video I show my theory on what's probably happening with BTCUSD. It appears that Bitcoin is being used to hedge against the US Dollar crashing. $22,000 is certain in sight and who knows it could get to $30,000 sooner than anyone might imagine. I still think that BTC is too volatile for my liking and therefore I've stayed out. I've been happy to avoid...
From an educational point of view, time cycle theory shows that the price of the dollar in January is interested in reaching its lowest level. In fundamental terms, the dollar usually weakens slightly towards the end of the presidency. Especially if a Republican like Trump is president. The value of the dollar weakens, especially during the Republican era,...
Quick Tutorial video to show how I add and use other instruments like DXY and ES1! to track correlations across markets. These correlations are a powerful confirmation to help identify behaviour across markets, to give confident in the forex or futures instrument you are trading. I briefly mention Support & Resistance zones in this video. You can learn how I...
Bitcoin - Support In or Not Yet ? DXY - Retrace Over or Not Yet ? Will USDCNY Crash By End By End Oct ? NOT ADVICE. DYOR.
There is no doubt that Bitcoin and the overall crypto market has some correlation with the stock market, with market experts remarking that Bitcoin has been surging in tandem with traditional markets for awhile over the past year or so. Extensive research has already been conducted by market experts to study the seeming correlation of both markets, but I would...
As the US elections are approaching we might see a last leg up followed by a long downward trend shown in the chart based on fib. levels.
Welcome Traders >> We Have Here Opportunity And Direction For DXY ♦ We Have Wolfe Wave Pattern ♦ We Have Trend Area ♦ We Have Fibonacci 23.6 Area ♣ So We Maybe See More Down For DXY ♣
Like the last QTR of 2017 Btcoin to be pumped by NI225 MTH ATH's, SPX, TNX, & WTI NOT ADVICE DYOR
Even as Fed balance sheet keeps climbing up and U.S takes on more national debt in the current low-interest rate environment, I am not eager to jump to the premature conclusion and entertain the idea of hyperinflation. I'm not saying that it is improbable, I am just saying that it is an unlikely and low-probability event. Yes, it is a fat tail risk that...
8.22.20 In this video I am suggesting a free service that might be useful to some traders. My trading is technically based, however, I believe there is value to fundamentals... and I explained this in the video. I think the video is worth listening to... and I describe these relationships using the DXY, Gold, Bitcoin... as it pertains to the fundamental analysis...