EURGBP Range Trade on Election UncertaintyEURGBP at the end of the week sitting at the bottom of a well tested range. For the next 10 days, markets are likely to be preoccupied with Euro uncertainty regarding the French elections, and so are unlikely to see a significant BreakOut until after the 23rd, and potentially the 7th of May.
I plan on buying at around .8445, with a first profit take at the top of range (.8825), and 2nd at (.9) should we see a bullish BO.
SL behind key support at .825
GL and Happy Easter!
Election
EURUSD: A good hedge, and a valid tradeI have a powerful signal here, bought breaking yesterday's high today. I had given up on Euro longs, and sold in disgust, which is a strong 'self-contrarian' signal. Whenever it happens, take heed, and act with haste after the market breaks a previous day high or low, since your exit. If you don't take the trade back, you will probably face one of those times when you exit a trade at the bottom, to then see the trade go your way without you...so, why face that irritating feeling?
Fade yourself, when we're emotional, we're a reflection of the 'herd'. Fascinating huh?
Good luck,
Ivan Labrie.
working the 12000 mark The dax has been retesting the 12000 mark in the wawe of usd growth following trump speach before the congress . That the Pivot point beetween making new high and confirming the uptrend or it s going to range for a while and then going back down . Seeing the dax working this level would make belive that something its going to decide for it's faith , either way , anyway for our type of analisis beetwen market , these market is interesesting , seing how it open will be very interessing . IF the market decide to range , it would for very nice scalping type of market , for scalping and intraday directional strategie .
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nice short headed , or some political long before french electioe/u had very nice run friday afternoon during new york session , and gain more than a 100 pips wich is volatility we have not been seeing for some time . in a near future ( 58 days and counting ) first round of french election is going to weight a lot on the euro and might be the catalysis we all where looking for some time , but until then we very much could be looking to a strenghting of the euro . or a range beetween 1.04 1.07 will wee how it open on sunday . But seeing the burst on gold on friday i could easyly see at least a run to the 1.0662 1.07 area . But will see on sunday how it goes .
DAX | DAILY, D1 | BUY follow the LONG opening and make LONG-BUY* * * news from today * * *
IT COMES A NEW ELECTED PRÄSIDENT (possible favorite Mr. Steinmeier) FOR GERMANY.
check the LONG-BUY opening betweeen the lines above and fallow all day long an upward trend.
so that just make a BUY-order.
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ATTENTION!
this is a test-analysis on the demo-account. please don't try it on your real account.
2017 FORECAST S&P500 INDEX DAILY, by Tim West2017 FORECAST - S&P500 INDEX - Daily
Here we are again: January of a new year. The election is behind us. And the recount is behind us too. So many bombs dropped over the last year, both real bombs and word-bombs by Presidential candidates. The word-bombs seem to get all of the attention with Trump winning the "best word bomber" last year by Time Magazine as the "most noteworthy" person in the world. Now with that out of the way, once again we have the same variables facing the market: plenty of headwinds and tailwinds. See 2016 list, to your left in blue.
I like to start with an understanding of what "expectations are out there" and I do that with the Wall Street consensus for the Year-End S&P500. I added that with the RED BOX at the top which is around the 2300-2400 range. There are some above and below that range, but that gets 90% of the estimates.
The 2085 level was the launching point of this latest advance from before the election and that level was retested in the hours after the election results indicated Trump the winner. The market action up until that point, together with the lowest-ever-50-week readings of AAII Investor Sentiment Readings indicated to me that we had COMPLETED a bear market at this point in time. I view a bull market as 20%+ so a move to $2500 in the S&P would accomplish this technical feat. With plenty of skepticism, fears aplenty, high cash, massive retail selling of equities and mutual funds, high short positions, and "no bear market in prices" suggests very strongly that a 20% rally from 2085 is likely, and possible.
What I foresee happening in the first half of the year is the time window for Trump to get the most on the table for pro-growth, tax-cut, red-tape-cutting, Obama-care bashing, "Make America Great Again" pushes for change in the House and Senate. I hope we see Reagan-like Investment Tax Credits, Cuts in capital gains tax rates for young and small investors to get investment capital moving and to get banks lending again.
The second half of the year, especially towards the end of the year, I foresee a correction in prices back to the start of the year on signs that there is friction in the Republican Party and fears to make bold and broad changes to the tax laws and concerns about the credit rating and borrowing capacity of the US. The Democrats will be stalling with threats to shut down the Gov't and doing everything in their power to stop the changes Trump is pushing through.
Tim West January 12, 2017 10:54PM EST
I made this chart over a week ago and decided to keep ALL OF THE TEXT on the graph from past year's to show you that I didn't change anything. You can review the previous year's graphs from the links below for 2016, 2015, 2014, 2013. I must say the pressure is much higher after I have done four years in a row that are very close to what has happened. I think, in hindsight now, that it was easier because we had a 2nd term President who didn't change much in his view of the markets, economics, or philosophy. Whatever does happen, I wish you peace and harmony as you make your investment decisions throughout the year. Imagine different scenarios in advance and decide what you will do, in advance, so you can be better prepared when change does happen. Stay in touch throughout the year by clicking "follow" on this chart to get important updates. In the past two years I was able to catch the major bottoms and tops throughout the year.
MOON?Self explanatory.
Bitcoin broke back up today.... I just took another look at the weekly chart.
This time it could absolutely test all time highs of $1000? very likely, just watch for the break of $800... (otherwise, double top)
Aligns well with USD, almost breaking up of triple top with a possible 20~30% rally ahead, which will cause massive massive yuan devaluation
USDCNY vs BTCUSD:
India? Currency ban: www.zerohedge.com
unprecedented times...
$DXY | Bullish Targets Defined | Election Day PredictionHello Traders,
The following prediction for the US DOLLAR CURRENCY INDEX is not based on the election results per se. In fact, what I want to show here is that the chart has already determined which direction it will go regardless of outside interference. I expect the election results to act as a catalyst towards the targets defined and not the other way around.
Hope you have a great trading week!
Best,
Chartistry
$EURUSD | Short Trade | Targets DefinedHello Traders,
EURUSD has offered a high probability move to the downside. The targets have been defined as follows:
Dark Red = Very High Probability Target
Medium Red = High Probability Target
Light Red = Medium Probability Target
Grey = Low Probability Target
If the Grey target is hit consider this Geometry:
This has been in development for several months (take a look at the related idea posted months).
Best,
Chartistry
US PRESIDENTIAL ELECTION NOV 8TH - OUTLOOKA Clinton victory will be good for the dollar, but for all the wrong reasons. Hillary is bought and paid for so we will see her wage war against Syria/Russia on behalf of Saudi Arabia & Qatar. A Trump victory will be exactly the opposite and a move back to isolationist, which will be far more positive for the domestic economy and a 15% corporate tax rates would see $3 trillion in cash pour back into the USA. The dollar will soar for economic reasons. So it appears that no matter who wins, the dollar will rise and that will aid the stock market.
Nevertheless, the markets appear to be manipulated for they are desperately trying to sell the share market down under the theory Trump might win. This certain would not even hold up fundamentally given our models and the trend in capital flows. Clearly, the powers that be are trying very hard to press the market down to say see what Trump would do. The logic is completely opposite whereas Clinton will get us into war and Trump would be more isolationist.
Our models show more of a reaction than a change changer. Just watch the 160150 level in the 30-year bond futures. A monthly closing below that level will signal the Bond Bubble has burst. In the Dow Jones Industrials, the number to watch will be a monthly closing below 17330 . These are the numbers to pay attention to that would signal a change in trend mid-term. Meanwhile, a closing in gold on a monthly basis below 1242 will also signal a change in trend to the downside is likely. - Martin Armstrong
Soruce: ArmstrongEconomics.com
Dow Jones US 30 DJI (9 Nov 2017)Nice Run we had.. I have 2 long positions on DJI index and I have taken profit on one.
As for another I have limit my downside risk, so that trade gonna be a winner or a breakeven trade.
Currently it it abit Late to Long IMO as the market is hitting monthly high of 18430. It has more possible break out and need to watch out closely.
Now, the market is already priced in on the news around and there is no much edge left to exploit. It is simply waiting for another shock, on the result of US election.
Trade Safe,
s0nic
DAX Long TomorrowHi Folks,
DAX go long tomorrow..
Tomorrow though all forecasts say there will fall in the markets ... still I think the media manipulation Serà exploited by the "sharks" and take advantage to go long as everyone pulls low. Surely the initial Gap tomorrow will bear ... but quickly we will see an upward recovery.
Good night and see what happens tomorrow.
GBP/USD Pre Election AnalysisAfter the initial FBI/Clinton related hit on the greenback, followed by the High Court ruling combined to send Cable through 1.2325-30. On the hourly timeframe this does look like a retracement but we have some key levels around where we are right now. In this recent retracement we have seen a break into negative territory with a RSI trendline break. We are currently now seeing a test of the previous wave low. As mentioned trading the elections is binary but it is very important to keep an eye on levels surrounding price.
R3 1.2557
R2 1.2511
R1 1.2466
Current 1.2390
S1 Upward internal trendline
S2 1.2333
S3 Speed trendline from the 28/10 lows
S4 1.2200
If Hilary wins we could see a test of the 1.2250 mean value in the lower distribution area or even a test of the lows (1.2081). If Trump wins we may see a test of the high and even a move into new distribution. Dont forget we will be looking out for the result of who will be controlling the senate. Democrat control - primarily due to Clinton's leadership - should give an immediate boost to the USD, while Trump's Republicans would send it lower.