Banks
DAY TRADING! Contraction & Expansion! BUY EURUSDI've been watching EURUSD closely and it has been in contraction over the past couple days and I think it's about to go into the expansion phase so I think It's time to get your long positions because I see us going up in the next few days!
Don't forget to use a good money management plan for your trades because the markets have been so volatile lately so that means lots of opportunities to make money with the right money management plan!
I have a 57% win ratio but I still generate 100% profit returns yearly so you do math! Don't expect every trade to be a winning one because you will be living in a fantasy world. You will take losses and sometimes those losses will come in streaks but the most important things is that you stick to your trade plan. Feel free to check my stats on myfxbook and you will see how good it can be when you stick to your plan and trade consistently!
Any opposing comments. views, ideas or arguments are welcomed!
CBA (Common Wealth Bank of Australia) potential LongBuy orders set at Support Level dating back to 2012, the Level has not been tested very often, increasing the probability of a bounce. The level also acted as a strong resistance in the past. FIB level seems the most likely target for the bounce. Possible 8.5% + Trade, with high R.
WOW - Remembering all Mr. PresidentsLmao, I did not remember this. It's from long time ago trying to understand a little bit more this bank. Maybe is something irrelevant but it could be helpful to feed the curiosity some people still have and expand their knowledge with a better research. Also if i lose this idea again for some months I'll know where to find it now.
There I tried to find correlation between democrat presidents or republican and the action price development from that far, just for educational purposes like I said. Just to be able to dig a bit more and find political causes related to the historical growing of one of the biggest banks on Earth.
I found this when I was checking other "too big to fail" banks recent movements, to check the impact with all this infinite stimulus have been announced almost everywhere, and anyone with sufficient authority is printing money now. What a mess, isn't it?
Please hope you find your own conclusions from here, always keep that curiosity... and doubt.
Thanks!
DAY TRADING! Contraction & Expansion Strategy! BUY GOLDOkay I've got another one for you but instead of talking about the analysis I wanna talk about money management, something that a lot of traders don't pay attention to. Money is really important in trading because it can make or break you as a trader.
If you put 2 newbie traders in front of a screen and provide them with a very profitable strategy and you these 2 traders take the opposite side of a trade, do you know that there is a high chance that both of them will end up losing money? Let that sink in for minute.....
However, on the other hand, if you take 2 pros and have them take the opposite direction of each other, chances are they will frequently end up making money! Very interesting isn't it?
So everything comes down to money management! I was having a similar discussion with my traders about this today that's why I've decided to say something about it on this analysis.
You guys are already used to my strategy anyway so I don't really need much explanation but feel free to check out the last post I did on gold.
As always, any opposing comment, views, arguments or feedbacks are welcomed.
DAY TRADING! EURUSD The Small Picture! BUY EURUSD My last post, which you can see at the bottom of this post, consist of the same strategy but on a higher time frame and now we got the baby version here. So the market came out of the contraction phase this morning and now it's come back down to retest the lows. So since we are bullish on a medium time frame I think the expansion phase will continue in the upward direction but don't forget the importance of the middle line!
Me and my group have already placed our trades and we will manage it accordingly!
Any opposing views, comments, arguments or feedbacks are welcomed.
Contraction & Expansion! THE BIG PICTURE | BUY EURUSDBy now everybody should be familiar with my contraction and expansion strategy, if not, all you have to do is look at my previous posts. This in on a higher time frame as you can see and the expectation is the EURUSD will rally in the coming months because we are already out of the contraction phase and we are currently in the expansion phase and this will be the start of a long term bullish move.
Any opposing comments, views, arguments and feedbacks are welcomed!
Indusind Bank 75 Min Analysis , TRIANGLE PATTERN Triangle Pattern Formed .
1) Strong RSI Divergence .
2) Price Reacted From Demand Zone .
3) Entering In Supply Zone .
* Trade Set Up for long . Looking For Bullish Candle Strick Pattern Near Triangle Breakout .(Long Above It )
Preferable Above 428.
* Trade Set Up For Short . Look For Bearish Candle Pattern Near Supply Zone . And Below It Short . With Sl 428 .
Short Trade In this Pattern Not Looking Good Until Last Low Break .
IF SETUP COMPLETE And Market Support Our Direction then Go Long . With Your Bullish Set Up candle Low As A Stop Loss . First Target Will Be 468-475.
USDCAD short - Currency Pairs Behavior, BanksHello Traders !
I already posted my long term view on USDCAD. It is short because we touched the weekly Resistance level and we are pushing down from there. Now I expect a correction. But first we need to know something about the behavior of USDCAD.
Currency Pairs Behavior:
All currency pairs have their own specific behavior. Some are very violent and make strong moves like XAUUSD and GBPJPY. Others are very spiky and do not now in which direction they want to go like CHFJPY. What about USDCAD now? This pairs loves to consilidate a lot. Therefore USDCAD is pretty nice to Swing Trade. But also on Supply Demand areas we can see USDCAD doing sharp moves. This moves are made by the banks and these are the moves I am looking for. Therefore on USDCAD because the consilidation behavior I like to enter at the daily levels.
Chart Analysis:
I am expecting now the price to go up again to make a correction move. There we have a nice Supply Zone where I am looking for a short Signal to enter. From this point we can then scalp for a few amount of pips or swing Trade USDCAD to the Demand Zone.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.
Thank you and we will see next time
- Darius.
Bitcoin FundamentalsLets dive right into.
The FED will print until their fingers bleed.
Just like Ford said "If people really knew how the banking systems works, i believe there will be a revolution by tomorrow morning." Precious metals remain this cure to this day. And they know it.
The amount of loans in circulation is unreal. Here in Belgium i've been to companies and saw this information, loan after loan to inflate the numbers and they are all dying now. Those who are lending from the future because just like the snake eating its own tale.
we can all agree that the banks,feds,... power has reached destructive state like we never saw before.
With every loan your own fiat gets more useless just because most of us want a nice car but think about the footprint u stomp into the future generations its disgusting if u see the full picture of the financial system and how they fully rob us of our freedom.
THEY can not let it crash will mean more printing. Also the European central banks are considering the same. Helicopter money until gold is what 10k usd? bitcoin 100k? due the amount of inflation.
Even here in Brussels (belguim) they will not let u short for A WHOLE MONTH, they will change it towards their favour like that.
Keep in mind they opend shorts on btc on 20k and would have let it die off which is prob what they tought but failed.
I wanted to put this out these since Dollar Cost Averaging remains one of (not the best) strategies in my case to make constant profits.
The system is not rigged its FIXED.
You Think a Bank Going Up 18% in 1 Day is Normal? LOL No.We saw a hilarious 7%+ rally in the last 25 minutes in the US indices and Canadian markets but that's all it will end up being - hilarious.
This was nothing more than a mega algo pump for cheap short accumulation and this will come home to roost in a likely Monday and Tuesday historic bloodbath.
I mean lets be honest, do you really think a Canadian bank could legitimately pop 18% in a single day? That my friends is what we call a total joke.
Please visit my ideas below to see what I believe will happen, why and the timing. Overall, we will see VIX shoot past 90 and financials and energy sectors will get completely obliterated (amongst the entire market).
We are about to witness a historic crash like no other with the years of malaise like the dotcom bubble, but the 50% severity of the financial crisis.
- zSplit
Chart of the Day 3/3: Avoid Banks, this time is differentAs we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial textbooks need to be re-written.
This series of charts will look at the American, European and Japanese banks and this time it is REALLY different. Not in a good way. As you can see, banks are testing long-term post GFC support levels. The key difference is, the last few times the banks tested trend line support, the stocks were oversold. This time, as you can see, banks are overbought on a weekly basis testing long-term trend support.
Whether this is bank-specific or a prelude to the wider trend, the jury is still out. This much I will say, the Americans do not know what they do not know in relation to the Covid-19 situation in the US. For an economy which strength has been measured largely by increases in temporary employment, this is an interesting situation to be in.
Chart of the Day 2/3: Avoid Banks, this time is differentAs we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial textbooks need to be re-written.
This series of charts will look at the American, European and Japanese banks and this time it is REALLY different. Not in a good way. As you can see, banks are testing long-term post GFC support levels. The key difference is, the last few times the banks tested trend line support, the stocks were oversold. This time, as you can see, banks are overbought on a weekly basis testing long-term trend support.
Whether this is bank-specific or a prelude to the wider trend, the jury is still out. This much I will say, the Americans do not know what they do not know in relation to the Covid-19 situation in the US. For an economy which strength has been measured largely by increases in temporary employment, this is an interesting situation to be in.
Chart of the Day 1/3: Avoid Banks, this time is differentAs we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial textbooks need to be re-written.
This series of charts will look at the American, European and Japanese banks and this time it is REALLY different. Not in a good way. As you can see, banks are testing long-term post GFC support levels. The key difference is, the last few times the banks tested trend line support, the stocks were oversold. This time, as you can see, banks are overbought on a weekly basis testing long-term trend support.
Whether this is bank-specific or a prelude to the wider trend, the jury is still out. This much I will say, the Americans do not know what they do not know in relation to the Covid-19 situation in the US. For an economy which strength has been measured largely by increases in temporary employment, this is an interesting situation to be in.