Analyisis
Gold Tradning Plan 18-SEP-2024Hi,
There are two possible scenarios today, but please be aware that the buying momentum is still strong.
If the price that comes from 2560 could break a minor high, we will find a buying opportunity and target to the next high level. If it can hold, please find a confirmation entry like a broken structure in the lower timeframe before selling to the next low level.
GOLD FORECASTThe current analysis indicates a bearish trend for OANDA:XAUUSD , as long as it remains below the 2382 threshold. At present, the price seems primed for consolidation between 2395 and 2370 before any breakout occurs. The prevailing bearish pressure suggests that if trading persists below 2382, a decline to 2368 is likely. Although there might be temporary fluctuations, with a potential retracement to 2392 before further movement, the scenario changes if a 4-hour candle closes under 2382, possibly leading to levels at 2369 and 2357.
Key Levels:
Bullish Line: 2392, 2400, 2406
Pivot Line: 2382
Bearish Line: 2369, 2364, 2357, 2344
EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
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VIX - THE RECESSION INEVITABLE?The "VIX = Volatility Index S&P500" has predicted us in the last 3 decades, quite reliable possible "extreme movements".
= Why in the next 2-years such an event could occur, we will take a closer look in the following article.
WHAT IS THE VOLATILITY INDEX S&P500
= Expresses the expected range of fluctuation of the U.S. stock index S&P 500.
= To determine volatility, it measures the distribution of options that run on these stocks.
TABLE OF CONTENTS
- 1st part = VIX
- 2nd part = VIX PROPERTIES + USE
- 3rd part = CURRENT SITUATION
- 4th part = CONCLUSION
PART ONE
"PAST."
If you compare the past of the "VIX" with the S&P500, you will notice that the - 36.47 - mark played / continues to play a very important role.
Every time the "VIX" exceeded the - 36.47 -, there was extreme volatility in the S&P500 and other asset classes.
PAST EXTREME MOVEMENTS .
> 01.10.1998
> 01.10.2008
> 03/02/2020 (near crash)
Why the VIX has such a big impact on the S&P500 and how we can actively factor this into our trading follows in part two.
PART TWO
"VIX CHARACTERISTICS"
The "VIX" provides information on how serious fluctuations could be based on the option volume.
= "VIX" goes up -> Statistically more likely that the S&P500 will fall.
= "VIX" goes down -> Probably that the S&P500 gains slightly.
Additionally, it can be noted that as soon as the "VIX" gets close to - 36.47 - many market participants take profits.
WHY IS THIS SO?
The market has already reached a "VERY VOLATILE point".
> Price - FALLS - fast = SHORT positions will take profits > BUY
> Price - RISES - fast = LONG positions will take profits > SELL
CONSIDERATION OF "VIX" IN TRADING?
"VIX" = Negative correlation to the S&P500 = "VIX" goes up = S&P500 goes down.
= This negative correlation occurs because institutional investors use options to hedge against high volatility (hedge against stocks).
RISING "VIX"
= less liquidity in the stock markets + position reduction = stocks fall
FALLING "VIX"
= More liquidity in the equity markets + position building = equities rise
PART THREE
"CURRENT SITUATION"
> The "CORONA crash" could not make a new HH in the "VIX", which is why this could still be pending at the current view.
= 2020 the market "fell" "35.41%" in the SPX
= 2008 the market "fell" "57.69%" in the SPX
With the technical analysis, I come with the current constellation, to a higher "VIX" value than the 2008 reached.
= which would mean a bigger sell-off.
> Since 2018, we have been testing a "falling resistance line."
= Similar resistance lines resulted in the past when broken, with significant volatility + movement in the S&P500 (= traditional markets).
= The current resistance line has been respected several times, resulting in reactions.
> The "rising resistance line" since 1990 + "the arc" + "the macroeconomic environment", suggest another "VIX" breakout .
> The rising resistance line was tested at the two "extremes" - 01.10.1998 + 01.10.2008 - on.
= this meant, both times, the temporary end of the extreme volatility
= in 2020 we could not reach it, which additionally suggests another "breakout".
> If the price trend continues to consider the direction of the arc, then this leads us to a much higher target than 2008 / ever before.
PART FOUR
CONCLUSION
"If the VIX is high, then it's time to buy, if the VIX is slow, it's time to go"
> Regardless of the outcome of the analysis, anyone who hasn't used the VIX before should now have gained a little insight.
The future looks anything but bright for now, however we can use this time to learn and grow .
The VIX could delay the final decision for another 2-years, which is certainly to the advantage of each of us.
= Despite this still "long" period of time, a decision will be made in the future.
> Let's discuss it in the comments and exchange our perspectives, your view on the whole thing would interest me "burning".
If this idea and explanation has added value to you, I would greatly appreciate a review of it.
Thank you and happy trading!
bank nifty tradeso in the early session, I made a 700 loss in nifty everything was going good just reliance fast breakout hit my stop-loss, then after 12 pm, I saw an excellent opportunity in banknifty there was a pattern formed inverse flag and pole so I took the entry to buy 1 lot size and made a good profit of 50 points, and exit then after 10 min I saw another opportunity again there was a pattern forming head & Shoulder I took and made again 48 point profit, with 20 points stop-loss in both trade, you can also check on-screen recording shared with this.
thank you.
EOSETHHello,Wait for a break out. EOS could outperform ETH while market on a bull run. what are you think? Leave a comments.
NZD/JPY Two Possible Scenarios by ThinkingAntsOk4H CHART EXPLANATION:
- Price is on a downtrend after bouncing at the Resistance Zone.
- It has now found Support at 70.00.
- We have two possible scenarios here.
- The long view, will be activated in case the Descending Trendline is broken to the upside.
- The short view, will be activated in case the Descending Trendline can not be broken.
- Will wait for price action confirmations before taking any position.
DAILY CHART ANALYSIS:
What to expect on GBP/USD by ThiningAntsOk4H CHART EXPLANATION:
As we explained on the Daily Chart, price is on a bullish trend after breaking the Descending Trendline. Now, it is on a corrective movement of the previous trend, so we are waiting for a consolidation to end to place long entries. If you want to trade the corrective movement, the best scenario would be to go to a lower timeframe like 30m or 1h and find the correct setup. The main target of the correction it is the confluence zone between the Support Zone, the Descending Trendline, and the minor Ascending Channel.
DAILY CHART ANALYSIS:
EUR/USD Trend-Catcher System Update Aaand the losing streak is over! Thanks to a decent signal from EUR/USD, the HLHB is back to black this week. Phew!
Before we get to the numbers, read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Basically, I’m catching trends whenever the 5 EMA crosses above or below the 10 EMA. A trade is only valid if RSI crosses above or below the 50.00 mark when the signal pops up. And in this version, I’m adding ADX>25 to weed out the fakeouts.
As for stops, I’ll continue to use a 150-pip trailing stop and a profit target of 400 pips. This might change in the future, but I’ll stick to this one for now.
Oh, and as mentioned before, I’m switching back to applying the HLHB system to the 1-hour time frame. Using 4-hour in Q1 2017 and Q2 2017 wasn’t bad, but I think using this trend-catcher on the 1-hour could yield better results.
S&P500 very volatile but possible bear for next 2 yearsOkay so this analysis is based on a very famous M pattern that only works for long term technical analysis. We see the market start this similar pattern almost every time a couple of years before a recession. and yes I know everyone is saying we are going to have a recession next year. I don't believe it And still hold by what I say recession will be anywhere between 2023-2026
THE BITCOIN STANDARD CHART Hey guys,
Hope everyone is faring well in this market. There are a few reasons why I chart, a big reason is because I want to make money, the second reason is that I want to save you from losing yours. What I've learned in trading over the past 7 years trading both traditional markets and crypto currencies is that you first need to identify what type of market your trading in, the second is to position yourself with the smart investors or the smart money even if it takes you a year to get into the proper position. A Macro outlook helps us do this, with a macro outlook you will be able to see levels at which the prices are prime for you to minimize your losses and maximize your rewards.
A professional trade will not take stabs at the market. Let me explain to you some of the trading strategies that will help you make the most money. If your a day trader trying to make some points and leave you need to find out the style of trading you are in for. I myself like to trade from position of most support to the position of high resistance, this gives me the best probabilities without any noise of market volatility.
Some people prefer the hodl strategy which I think is completely silly. Its crazy enough that the market decided to give us over 1500% profits in like a few months, but you not realizing your gains is completely stupid. If you want to hold on for dear life your best bet is to hedge against your positions at critical points.
Scalping, or day trading on a daily or weekly basis is insanity, I really dont envy you and you might end up losing either your capital or your sanity.
In my opinion in order to be successful you must be where the big money flows, where the large trades are being made you will notice this by large volume spikes.
We are in the area where for large money there is no real reason to buy into the market, its too risky. They need lower prices, they need the prices to be substantially lower because its unknown and when something is unknown you just don't do it... You need to put yourself in the position of these people, They are risking an insane amount of money in the market by buying in they will not allow for a 3-5% deviation in their position or they will sell out. These types of moves will send the market to form this weird lower low like we have seen just recently in the past few days. This is a very bearish signal in my mind, when I see a price that gets retested it just signals that we are not at the bottom yet.
FACTS ->
The past 10 months we practically set this beautiful descending pattern that lots of people both profited and lost money in hoping that it would eventually break out of this triangle. Little did they research but the probability of this market breaking down was greater than trending up.
According to previous market price action we are expecting to see further breakdowns and then hopefully a breakout that will send us into sideways neutral trading and long term we will start to move back up to the highs and trading in a uptrend.
My outlook should not dictate how you should trade, I'm just sharing my outlook at the end of the day its just a guessing game.
Best regards :)