EUR/USD Moving On From Two Successful Trades - SHORT PositionIn this technical analysis I will walk you through the most important horizontal zones on EUR/USD at the moment that have given us great profits so far.
If you recall, the first trade using smaller horizontal zones resulted in a beautiful short as displayed in this idea
In combination with the weekday weekend effect, the price reversed beautifully. We are also entering a new week now so I expect a similar reversal to happen due to weekday weekend effect in confluence with the horizontal zone.
Then, we had a subsequent beautiful trade with the same horizontal zones as the idea I am posting now on the previous idea here with a long position
This just worked out beautifully. I intend to use these zones one more time for a trade that makes use of the scenario where the zones still hold. If it does, we're looking at a 250 pip opportunity here with great risk reward.
I tried to make the chart as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message.
-Trading-guru
America
2020 US Election Indicator (November 3rd 2020)November 3rd 2020 USA Presidential Election (S&P 500 Incumbent Winner Indication)
Alright, it's time for the showdown! It's finally November 3rd 2020 and we find out more tonight!
Will the S&P 500 close over 3288.3 points today? If it does, it should be expected that Trump is the winner of the 2020 USA presidential election, but if we sink below 3288.3 then there is a chance that Biden wins.
My original forecast for the election before seeing any of this data was for a Trump win as well, so it just feels like everything has come together to signal his win even if last minute. Considering polling and contrarian indication, Cindicator's hybrid artificial intelligence projecting a 60% chance of a Trump win, failed impeachment, and all the October email scandals since 2016, I am under full belief Trump will win, even if by a close measure.
This is an election indicator that has been historically accurate 20 out of 23 previous election analyses. I've been seeing some articles that say Biden is signaled to win because of the downtrend we had over the past few weeks, but that was before a few days ago when we hit a trend reversal, and started pulling back over August 3rd 2020 S&P 500 levels.
In 2016, the S&P 500 dropped -4.79% over the 3 month period from the open of August 3rd 2016 to market close of November 3rd 2016. As of right now about an hour before market close, we have reached a high of 3.08% since August 3rd 2020, and we are still in the positive above the 3288.3 points. We could end in the next hour around 3360-3370 points, and that would be an incumbent win as per the election indicator rules.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
This 544 Pip Opportunity Is Backed Up By Confluence!In this idea on GBP/USD we find confluence of two major chart patterns. A supporting trend line and a horizontal support zone.
In trading, the presence of confluence refers to a circumstance where multiple technical analysis factors collectively form the same indication. Since multiple factors are combined, confluence has the potential to greatly increase the reliability and accuracy of trades. Arguably confluence is the most important probability enhancer in trading.
The support zone is created due to the S/R flip. Besides buying at support and selling at resistance, the ”Support/Resistance Flip” principle provides reliable entry opportunities. Although supports and resistances are likely to hold, they do not always hold.
After a support or resistance is broken, the level remains useful. This is due to the general trading rule that a broken support becomes resistance, and a broken resistance becomes support. In other words, once a broken resistance level gets retested, it tends to act as support. This concept is particularly reliable when a support or resistance level breaks on high volume.
Together, this marks a very high probability reversal point. I see a great potential here for a 544 pip trade set-up.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
just my thoughts11 minutes ago
So, Feds have, yet again, cut, 45 minutes before closing bell. Expect a rally to resistance 3450ish, then a drop back to support and maybe beyond. There are some major contribution to this! for starters, if you look at the day clock it has already consolidated and went into expansion! Now we await the major move! Another Huge contribution is the european markets, which will not only affect europe, but the world economy, Including but not limited to S&P! Another reason is it is extremely over brought, i know we have added over a 100k retail traders, but that numbers is not realistic in any time frame or period! lol! CUTs may do nothing at this point,
Apple has also Suffered! which will also hurt!
China is seeing a slight increase in cases, and some are going back on lockdown!
China has administered over a 100,000 doses of vaccines! (no clinical trials) :(
China has also seen a increase in cases!
Last thing, Coronavirus is up more then march! don't panic, IT IS NOT TIME YET! :( :( :( :( :( :( :( :( :( :(
Only thing i will say on that pullback to 3450 is that the last wick on the 4 hour is longer than any other! so spx may be DOOMED
VIX Approximations Update (Oct 26th-Dec 2nd 2020)S&P 500 Volatility Index (VIX) (October 26th through December 2nd 2020)
Just making an update to a previous VIX forecast that I see going outside my last expected ranges, I felt it necessary when checking on SPX trends, especially with yesterday's start to a drop in E-mini futures. See below for previous guesses:
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Descent in the SPX (October 26th-November 9th 2020)S&P 500 Index (SPX) (October 26th through November 9th 2020)
Low: 3362.9 points
High: 3455 points
How E-mini futures market started off yesterday:
My previous SPX forecast:
My adjustments today are more to correct the trajectory and duration I was originally expecting. Will be interesting to see how this spooky week turns out. Time for temporary bloodbath just before halloween? ;)
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Fascinating Oscillation on EUR/USD Results in Price Reversal!Hi everyone, let's review some fascinating price behavior here on EUR/USD based on the weekly seasonality.
Funnily enough, I spotted this behavior last week and already provided a chart with a similar idea. I kept mentioning how the price trend reversed over the weekend and suggest a trade that went along with the trend anyway. My own chart got used against me and the price reversed beautifully according to the behavior and did not follow the trend at all.
In this idea I learn from that mistake and suggest a price reversal trend trade set-up. Every major shift in price trend has started exactly after the weekend.
We have an excellent opportunity to use this information and trade it to our advantage! If you spot the reversal soon after the week starts, you can safely place your positions and trade along with the trend until the week is over.
I suggest to wait after opening to get a confirmation of the move (again, nothing sudden is happening so you will be on time even a few hours later) and then trade according to the direction.
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- Trading Guru
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Disclaimer!
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USD/JPY Maximize Your Risk-Reward With This Simple Trick!In the end, what matters most in trading is risk reward ratio and win percentage. We can see here on USD/JPY some great indicators of a bearish price continuation. However, in itself that is not enough.
I suggest to maximize the risk reward ratio by waiting for the price to be closer to the top resistance line before entering with a trade. This will allow you to get a better RRR. In this trade set-up you can see from the chart how I created a 4 RRR trade idea.
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- Trading Guru
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Don't Trade USD/JPY Before You Looked at These Factors!Trading is all about buying low and selling high. Here on this USD/JPY technical analysis I will explain what you need to take into account if you want to enter a trade.
First of all, I want to highlight the previous idea that was incredibly successful on USD/JPY using these same principles:
In this idea it is important to note that the price is not near any horizontal zone at the moment. I suggest to wait to get a better risk reward on your coming trade.
The buy low and sell principle is all relative and defined by the current information available. I define low and high as the horizontal resistance zones.
For our short position we want to reverse the logic and sell as high as we can, in this case near the zone of horizontal resistance.
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- Trading Guru
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Disclaimer!
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Oscillation on EUR/USD Due To Weekday-Weekend Behavior!Hi everyone, let's review some fascinating price behavior here on EUR/USD based on the weekly seasonality.
Every major shift in price trend has start exactly coming out after the weekend.
We don't just observe a sudden spike on the first hours after the weekend, which would make it very difficult to monetize this behavior. No, we see a constant and slow price reversal.
This means that we have an excellent opportunity to use this information and trade it to our advantage! If you spot the reversal soon after the week starts, you can safely place your positions and trade along with the trend until the week is over.
In this case, looking at the current trend and the lack of news on EUR/USD during the weekend I expect a continuation of the bearish price momentum.
I suggest to wait after opening to get a confirmation of the move (again, nothing sudden is happening so you will be on time even a few hours later) and then trade according to the direction.
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- Trading Guru
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Disclaimer!
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GOLD WILL 5X IN THE NEXT TEN YEARS!
Don't listen to those crypto Bitcoiners who tell you Gold is useless metal. Gold is used as jewelry, within microprocessors, and as a means of storing wealth. Last I checked, you can't wear Bitcoin as bling to your friends weekend Soiree ... With the advent of faster computers/robots/ AI that we will see in this decade, I foresee Gold's usefulness increasing significantly while also increasing in price as a hedge against inflation.
With the likes of AOS and the Squad pushing UBI we should see inflation around 3-4 % in the next few years. Imagine a gallon of milk costing $20 dollars. That day is not far away at all.
I am long Gold in this unlimited money printing economic state we are in until businesses start to innovate and expand the economy via new industries.
Currently, we are in a copy cat economic state. The same boring played out companies and played out ideas. Innovation and real expansion of the economy in a practical everyday sense will send the price of Gold straight down, but I believe we are years away from this. The economy is significantly over-inflated due to unlimited QE, and with earnings significantly lagging valuations, fundamentals are starting to come into play, and smart money is being funneled out of major equities across the board.
My bet is that banks and billionaires are going long Gold for the foreseeable future. Innovation will come after the equity bubble pops, and real pain is felt on main street. It will be devastating just like we saw during the Great Depression, but as a historian, I also look back to our forefathers in ancient Rome. Rome had booms and bust, peaks and valleys within its history. America is more or less modern-day Rome. We are an empire that needs to break down before we can morph into something better within the next 80 years leading up to the 2100s. I foresee that we will see great despair and exchange of money from smart money sellers to dumb money buyers. It is the nature of the beast we call the financial system. It will collapse, and out of the smoke, ash and rubble will be something new, greater, unique, and long-lasting. God bless the empire of America.
EUR/USD Wait For This To Happen BEFORE You Enter A Trade!Sometimes we have got to keep ourselves honest. In this idea I will explain to you why the current price is not a good idea to enter any trade, and what you should do before you should go in with any position. The chart should be self-explanatory, but if you have any questions left feel free to drop me a comment down below.
- Trading-Guru
Quo Vadis United States of America?Nothing is certain, except: The FED will not stop to pump collateral ( source ) into the S&P 500 et al. to support nominal prices. Let's face it: The FED is completely clueless what to do. Also, we do have no clue when looking at the chart, what the real value of anything is, as the FED distorts it all, but read along..
But for what price? The real price. As the FED inevitably pumps liquidity into the system with their current behaviour, this leads to a further devaluation of the US-Dollar in real terms. Hence, stocks do not gain any real price (let alone fundamental value), but only in nominal price to the US-Dollar which itself though looses real value due to expanding the money supply.
But nevertheless to these all time highs, people can't even go to work in the current situation as their job is probably existing anymore or they are in a lockdown situation. The consequence due to America's miserable social security system is that not only millions of people already lost their job, hundred thousands will most probably also be evicted and have to go to foodbanks to not starve to death.
The big Shareholders can sustain their Equity, but the hard working American middle class is getting bleeded out by this devaluation process called "monetarism" (on low-quality steroids). Great...
There probably will be another civil war one way or another, but the TVC:SPX will certainly behave in the new "business as usual" uuntil election day (November Third). Then, hell may brake loose.
CHF/USD Short Position after Confirmation of ResistanceHere on CHF we are seeing two major important points that can determine the direction of our next trade.
First of all we see that the price is really close to a horizontal resistance. This can gives us a nice risk-reward for a short position.
Second of all, we see the price is following a trend line (roughly, it's not perfect admittedly). We can use this trendline to understand when we need to exit our short position.
Basically it means that the price is trending upwards, and we should be conservative with our positions. Don't hold it too long, and exit relatively early. That's why I drew the orange line to bounce at around 1.1017.
All other information can be found on the chart. Good luck!
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!