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EURUSD: butterfly pattern + the price is breaking out?Happy Easter Monday catholic traders! Today the volatility should be low, however it could be possible, that there is a butterfly pattern forming on daily time-frame in EURUSD + the price is breaking out of the descending triangle chart pattern, which signals that the price could start going higher... However, moving average indicates that the trend (bias) is still bearish, which means further price confirmation is needed before joining bulls. Fundamentally, I would like to highlight some cons and pros, which might give a broader view about the current economic situation in both US and EU and might support the technical picture: Cons: 1. COVID-19 stats in EU are still pretty bad and number of confirmed cases are growing more than 2% in major European countries, while in USA the growing pace is around 1% (as of today) 2. USD could act as safe-heaven asset once-again, if equity market provides one more leg lower, thus it's possible to see another USD bullish rally in shorter term. 3. Despite of monetary easing, interest rate is still higher in US, meaning that swaps are negative, if buying EUR against USD 4. Unemployment rate in Euro area is higher (4,4% against 7,9% forecast), than in US (as of March 2020) 5. GDP Growth rate in US is 2,1%, while in Euro area it's 0,1% ( as of Dec 2019) 6. Inflation rate in US is 1,5%, while in Euro are it's 0,7% (as of March 2020). Pros: 1. USA has the highest number of COVID-19 confirmed cases 2. Consensus around eurobonds could support EUR and might act as a strong signal that Europe stands together 3. FED liquidity injection must have weakening impact on USD and lot's of companies are still going to default 4. Current account to GDP in US is -2,3%, while in Euro area it's +3,1% (as of Dec 2019) 5. Government debt to GDP in US is 107%, while in Euro area it's 85,9% (as of Dec 2019). // I would very much appreciate if you support my work by hitting like .) Feel free to share your opinion/position via comment and follow me to stay updated.
Education
by GIgor_021
USOIL: #stayhome effect Oil prices have dropped more than 50% in March (yearly performance is around-62,1%). Is it the end or are we going to see more downside movement? Let's assume this is another opportunity for joining bears, based on technical analysis (thoughts) you can see on the chart. How much lower can the price go? Can it reach the lows of 1999? My answer is: why not? Most of developed countries are on quarantine #stayhome and the supply wasn't cut by OPEC. The major US indices, including DJI, S&P500 and Nasdaq, have fallen in the following order: 35%, 30% and 25%. While different sectors and industries in the US have the following yearly performance so far: 1. Energy minerals sector (931,2B MKT CAP): -58,04%, out of which e.g.: -Coal Industry: -69,17% -Oil & Gas production Industry: -62,67% -Integrated oil Industry: -57,05% -Oil Refining/Marketing: - 55,7% 2. Industrial Services Sector (515,96B MKT CAP): -36,09%, out of which e.g.: -Oilfield Services/Equipment Industry: -60,01% -Oil&Gas Pipelines Industry: -42,93% 3. Process Industries Sector (681,34B MKT CAP):-27,36%, out of which e.g.: -Pulp&Paper Industry: -50,05% -Chemicals: Major Diversified Industry: -49,87% -Agricultural Commodities/Milling: -41,45% 4. Non-Energy Minerals Sector (476,43B MKT CAP): -25,73%, out of which e.g.: -Steel Industry: -48,32% -Other Metals/Minerals: -40,16% -Aluminium: -39,87% 5. Transportation sector (569,48B MKT CAP): -23,84%, out of which e.g.: -Airlines industy: -49,2% 6. Finance sector (6038,64B MKT CAP): -23,12%, out of which e.g.: -Life/Health Insurance Industry: -37,69% -Real Estate Development Industry: -37,64% -Financial Conglomerates Industry: -34,83% -Major Banks Industry: -31,13% 7. Consumer Services sector (1481,09B MKT CAP): -21,53%, out of which e.g.: -Hotels/Resorts/Cruise Lines Industry: -43,78% -Casinos/Gaming Industry: -34,22% 8. Producer Manufacturing sector (1030,45B MKT CAP): -21,02%, out of which e.g.: -Auto Parts: OEM Industry: -34.64% -Metal Fabrication Industry: -33,09% -Industrial Conglomerates Industry: -31,72% It's quite interesting when and how these industries will be able to recover, but I am quite sure it's a great opportunity to start analyzing particular companies and building portfolio with these businesses. This is going to be my next step... // I would very much appreciate if you would support my work by hitting like.) Feel free to share your opinion/position via comment and follow me to stay updated.
FX:USOILEducation
by GIgor_021
$10,000 x 1 YEAR = ???Dear trader, something to think about. Is it possible to make millions of $$$$$$$$ from $10,000 in 12 months? For sure! Check out this great story. *Daniel J. Zanger is a technical stock and equities trader. Zanger hit the media spotlight after audited returns showed he turned $10,775 into over $18,000,000 in under 2 years. Personal history Dan Zanger holds a world record for his trading one-year stock market portfolio appreciation, gaining over 29,000%. In under two years, he turned $10,775 into $18 million. Fortune magazine, wrote an extensive article on Zanger, covering his trading results after reviewing his IRS tax returns and trading records. Zanger grew up in the San Fernando Valley area of Los Angeles. His father was a physician & his mother was a psychologist. He started college but dropped out to snow ski for a few years in Colorado and Idaho. He had a few odd jobs, such as bell hop, cab driver and prep cook to support himself during his early twenties. Eventually, he moved back to LA with a high school education and no professional trade. He started working for a landscape company and eventually got his California contractor's license. He ventured into pool building in Beverly Hills as an independent contractor where he made a modest living from then on. His mother Elaine loved the stock market and Dan would often watch the Business Channel with her. One day in 1978 Dan saw a stock explode across the ticker tape at the bottom of the screen hitting $1. He made his first purchase and sold the stock a few weeks later at over $3. From that sale on, he was hooked on the action of the market tape, usually carrying a quotetrek device with him on his contracting jobs to stay up on stock prices. The Internet bubble As technology and internet stocks took center stage in the stock market in 1997, Dan began to see powerful moves underway. He sold his Porsche for approximately 11,000 dollars to have the necessary capital to jump fully into the market. Over the next year, he parlayed the 11,000 dollars into 18 million with the knowledge acquired over two decades playing the market and re-reading the works of William O'Neil. With this success, Dan was able to become a full-time trader and leave contracting behind. *From Wikipedia, the free encyclopedia It is not possible to get rich with normal job! don't forget it. I will soon show you a very powerful tool here on tradingview... I wish you a very good start in the new year. Best regards
BITSTAMP:BTCUSDEducation
by i-like-profit
4
Straight From The Horse's Mouth... BTC Is Off To The Races!Here I am, sitting back with a cool bubbly, not a worry in the world. My BTC trade is 3.2% in profit already, yet the current price is near where I started... How could that be? Maybe BTC will go up, maybe it won't, it's not me worry. I'm likely to make 6%, 7%, 8% or more on this trade regardless, but even if I'm off a bit... I'm 98% sure I'll walk away with a profit. WHAT'S MY SECRET? I have a horse story you're going to love (read on)... How do I do this? Meet Ol' Mr. Gridley... Actually what I'm doing is pretty easy. But I get a little help... I just jump on Ol' Mr. Gridley here and I'm off to the races. Mr. Gridley is likely NOT the type horse you're familiar with, he ZIGS he ZAGS... he never goes in a straight line. Sure, I pick the race track he runs on (and I have some handy indicators that help me do this) and I point him in the general direction, but once Mr. Gridley heads out of the gate, I just let him do his thing. Now here's where this horse story gets interesting. BTC , ETH, LTC and quite frankly all the crypto coins out there... well guess what? They pay Mr. Gridley all along the way. He zigs down and buys a little, he zigs up and sells it right back. You know... BUY LOW, SELL HIGH . He's a pretty clever horse! It really adds up... in fact me, my friends and my followers usually make more money riding Ol' Mr. Gridley than betting the bank on a moon shot and sweating out the charts. In fact, Ol' Mr. Gridley has been doing this so long, most the time I don't even ride him. That's right! I give him his favorite oats, maybe an apple , I point him in the general direction and he goes it alone. Mr. Gridley loves this... I mean, totin' me around all day and night ain't no joy ride! So I let Mr. Gridley run solo and he brings back the money - 100% automated - simple as that. How long, how much? Sometimes in a few hours, sometimes in a few days. Just last week he came back after 3 weeks with a 29.44% return! On another occasion, he brought back 9.66% in 14 days -AND- 9.66% in 14 days -AND- 26.98% in 7 days 14 hours -AND- 11.08% in 13 days 8 hours -AND- 18.3% in 3 days. Yada, yada... I'm happy to show you all my screenshots and proof. Just ask! Now you're thinking... How many people can ride Ol' Mr. Gridley? What if I want to race him on multiple crypto tracks at the same time. How might we do that? Here's the good news, there's a whole herd of Gridley's out there: Pappa Gridley's, Momma Gridley's, Baby Gridley's, they're everywhere (if you know what you're looking for) . Yes some are better than others, they don't all make money. Bummer huh? But you can learn how to pick a winner, it's easy... it all comes with a little training and the right tools. It's about knowing WHAT to look for, what to feed them, and how YOU can get "GRID SMART" yourself. I'm here to teach you the ropes. YES, you can do this! It's easy, safe, and fun. Plus you can HAVE A LIFE beyond watching charts. My name is Dan Hollings, I'm a Master Grid Trader. I can teach you what I do and before long (maybe even tomorrow), you could have Ol' Mister Gridley working for you. Follow me, like this and share with others. Mr. Gridley will be very very happy! OTHER CHART ART YOU MIGHT LIKE: As always, I appreciate your support. Please LIKE and share with others. A Horse Is A Horse, Of Course Of Course! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
Education
by DanHollings