EURUSD-2
Discussion: Triangles, Symmetrical!Identification Guidelines:
Trading Tactics
Link Prior analysis EURUSD
1. Breakout pattern
2. Pullback and confirmation
( Link: Textbook Encyclopedia of Chart Patterns
2Ed, page 748-764)
Please support the setup with your likes, comments and by following on TradingView.
Thanks
DXY and EUR/USD - Quick education!Hey tradomaniacs,
just a chart that shows all what I wanna say. :-)
Just for those who didn`t know.
The Dollar-Index is a currency basket which compares the USD to 6 other currencys.
AS you can see, the EUR/USD has 57,6% (since 1999) of that basket and basically turns that basket into a
USD/EUR currencypair. ;-D
Just check it out :-)
Peace and good trades
Irasor
What makes a good breakout trade? I have found out that the best breakout trades occur when a trader does the following things:
1. Finds an area of consolidation under and area of significant support if you are selling and or above resistance if you are buying.
2. Split your position sizing into 3rds so you would be able to enter at least three times because there is a very big chance for false breakouts. For example, lets say you see a breakout trade oppotunity and would like to trade a micro lot at .01 lot with 25 pips. Instead of placing the whole trade as a .01 lot, take it and divide it by three so you would be able to trade .003 lot at 25 pip stop loss and still risk the same amount as the .01 lot.
3. Time your trades!! I only place breakout trades when the market closes (its possible to do so when you have Oanda) because that is where I notice breakouts are more powerful and less choppy.
OANDA:EURUSD
Daily Range - EURUSD exampleSome of the typical occurances in the day week in week out. Here's what needs to be taken note :
1. Price hit the range has high probability for the price to reverse or move sideways (especially after London closes)
2. If price hit the range, sometimes it is followed by a "final" push (breaking the range) before a reversal happens. Some like to call it Market Maker manipulating the market or stoploss hunt or the usual "fake breakout"
3. If price exceeds the range by significant amount, most likely the following day its gonna be a quiet market (paying the market in advance).
4. Price exceeding the range more often than not a result of price not hitting the range by significant amount in the last 2-3 days (paying back the market)
This is NOT a trading strategy, just another analysis tool like you would in analysing Support and Resistance or Supply and Demand.
If you like the writeup, give me a follow, find me at youtube 'Sufian FX Trading", reach me at twitter sufian_fx for discussion or questions. Thanks
How to Analyse Chart Patterns (Tutorial 1) - Forex - CryptoHere are 2 very common example of how to analyse the graphs and predict the future movements of the price. Many times the big moves happen thanks to new, but no matter what they respect the graphs.
Second graph is very interesting as you will be able to find it in both BTCUSD and EURUSD, signalling that the pairs are analysed and traded by the same people. These patterns apply to FX, Crypto, Stocks and Indices.
Message me if you have any ideas that you might be interested to discuss or for other advices.
_____________________
A product of T O T O Capital
Important Candlestick Pattern Definitions!Hello followers and other TradingView users!
In this topic, I would like to describe some candlestick pattern to find confirmation on the strong price levels!
"Engulfing"
The Engulfing pattern is a two-candle reversal pattern. A reversal pattern that can be bearish or
bullish, depending upon whether it appears at the end of an uptrend (bearish engulfing pattern) or a
downtrend (bullish engulfing pattern). The first day is characterized by a small body, followed by a
day whose body completely engulfs the previous day's body and closes in the opposite direction of
the trend.
"Railroad Tracks"
A bearish railway track pattern has the first candlestick bullish and the second candlestick bearish.
That fact that there’s a sudden change from bullish to bearish candlestick should be a good indication
that there might be a bearish trend forming. If you see it on the levels of resistance or downward
trendlines the more powerful it is!
"Morning Star"
The morning star is a bullish, bottom reversal pattern. It warns of weakness in a downtrend that could
potentially lead to a trend reversal. The morning star consists of three candlesticks with the middle candlestick
forming a star. The first candlestick in the morning star pattern must be a red candlestick with a relatively
large real body. The second candlestick is the star, which has a short real body that is separated from the
real body of the first candlestick. The star does not need to form below the low of the first candlestick and
can exist within the lower shadow of that candlestick. The star is the first indication of weakness as
it indicates that the sellers were not able to drive the price close much lower than the close of the previous period.
This weakness is confirmed by the third candlestick, which must be green in colour and must close 50% above from the body of the first candlestick.
"Evening Star"
The Evening Star is a bearish, top trend reversal pattern that warns of a potential reversal of an uptrend. It is the opposite of the Morning Star and,
like the morning star, consists of three candlesticks, with the middle candlestick being a star. The first candlestick in the evening star must be green in
colour and must have a relatively large real body. The second candlestick is the star, which is a candlestick with a short real body that does not touch
the real body of the preceding candlestick. The star can also form within the upper shadow of the first candlestick. The star is the first indication of weakness as it indicates that the buyers were
unable to push the price up to close much higher than the close of the previous period. This weakness is confirmed by the candlestick that follows the star.
This candlestick must be a red candlestick and must close 50% above from the body of the first candlestick.
"Hammer"
The Hammer is a bullish reversal pattern, which signals that an asset is nearing a bottom in a
downtrend. The body of the candle is short with a longer lower shadow (wick) which is a sign of
sellers driving prices lower during the trading session, only to be followed by strong buying pressure
to end the session on a higher close.
"Shooting Star"
A shooting star is a bearish candle with a long upper shadow, little or no lower shadow and a small
real body near the day's low. It comes after an uptrend. For a candlestick to be considered a shooting star, the formation
must be on an upward or bullish trend, and the distance between the highest price for the day and the opening price must
be more than twice as large as the shooting star's body. The distance between the lowest price for the day and the closing price must be very small or nonexistent.
When to add to a trading set-up/plan and when to leave it alone.It can be a very daunting task to create a trading plan/strategy that fits you without conflict. There are a lot of obstacles that inhibit the average trader from leaving a profitable trading plan or strategy as it is. Even I struggle with this which is why I have decided to publish this article. After much reflection, I have come with a few metrics you can use to determine if you should change your trading plan or not.
Mental Capacity
Mental Capacity, to me, is perhaps the most important aspects of trading. It easily differentiates traders that are absolutely determined to become successful and traders that are bound to become scam traders and losers (no pun intended). Mental capacity resonates itself in a traders ability to deal with traumatic trading experienced such as drawdowns and losing trades. A lot of traders don’t understand that trading is a game of probability so you have to make a lot of money when you’re right and lose a little when you’re wrong. If you make 4X the money you lose, you’ll have to lose more than 80% of the time to not be profitable. Understanding and having mental capacity allows a trader the ability to ignore irrational phobia of thinking that their strategy is not working. If your trading plan/strategy fits you mentally then you should have the mental capacity to accept all the things that can happen to you trading wise. If not, then it’s time for you to change it. Trading is a mental game, always.
Objective
As much as I love the mental side of trading, I do have to admit that objectives are very important in trading as well. If you’re trading a strategy that is not fulfilling your objective (based on reasonable probabilities) then it’s time to switch components of your strategy. I hate to admit this as I am a big believer in having a “Mind like water.” When it comes to trading but if you have an ever burning passionate desire to make 4X what you risk and also to follow the trend then it’s not recommended to deny yourself of this desire as it will one day influence you to give in and break your trading plan. The solution to this, in my opinion, is to take your objective and create your plan/ strategy around it. For example, if I have a goal of making at least 100 pips per 25 pips that I risk then maybe I should trade on a higher time frame while using psychological support and resistance levels. The moral of this part of the article is to exemplify the fact that any undesired occurrence a traders mental capacity can’t handle can easily be resolved by having an objective ( not having a 30% DD) and a solution (maybe I should hedge my trades or buy options) that can help you acquire that objective. The solution in return will let you know that it’s time for you to change your strategy, but if it doesn’t resolve the objective then keep it as is.
Compatibility
I’m going to try to keep this part simple mostly because it’s somewhat related to the objective side of this article but at the same time is a very important part to keeping and tossing your trading plan. No matter how much money you are making in trading, if you aren’t compatible with your trading plan then it will all be in vain. It isn’t logical for a trader who loves waiting to be a scalper and vice versa because when this happens it makes the trader feel that they have to change instead of the trading strategy. It has to be the other way around! Trust me, I learned this the hard way because I always got jealous of high leveraged scalpers making 1k days while I was making 2% per month if I got lucky. When I tried copying them it forced me to change into timeframes/trading strategies that I was not compatible with. My advice to any trader struggling with this is to love yourself and you’re trading because it’s your decisions and perspective that determine profitability.
OANDA:EURUSD
XAU --- Rules for trading the breakoutMy rules for trading this simple breakout pattern.
1. At least 5 points of contact within the pattern.
2. A breakout out of the pattern. This creates what I call the "Breakout Point" which is formed at the low wick of the candle.
3. Regardless of what price does after, we must see a breakout past the "Breakout Point." Regardless if we get a retest or not.
Risk to Reward Ratio of at least 1:1
Risk 2-3% capital.
Happy Trading!
Trading Psychology 4 "Now Moment"Trading the "Now moment"
Most of the time, prices do what they have been doing or normally do based on the current context. But what about when they dont, or instead do the opposite? For instance a strong bear breakout of a bull channel. Five minutes ago prices were rallying higher and higher, with no end in sight. Now prices are falling dramatically, what is a trader to do? Is he going to continue trading as a bull channel or trading range? Or does he exit his longs with a loss and sell at the market? Unless he accepts the reality that in a market truly anything can happen and anything is possible, he will more likely be unable to let go of the past and not willing to recognize the opportunity being presented right now. In this scenario he would probably fail to take the later action, and instead continue to fight the strong bear breakout because his mind is convinced prices are still in some form of bull trend or bull flag trading range. Until a trader truly accepts this fundamental point of market reality, it is easy to get caught up in what should happen and the true opportunity continues to elude him.
The reality of the market is; every moment in the market is unique, and every opportunity has a different set of risk, reward, and probability. What worked today, may or may not work tomorrow. Most beginners fail to appreciate or even realize this is the case, as they attempt to apply rigid rules to a constantly changing environment. This prevents a clear, objective view of what prices are likely and not likely to do. As a result, this does not allow the trader to correctly identify the opportunity being presented "right now."
Awareness
A major obstacle to trading the "now moment" is where a traders awareness lies at any given time. Is he thinking about what happened an hour ago, or what may happen by the end of the day, or is he intently focused on what is transpiring in this very moment? Identifying and becoming aware of what is occuring internally while trading is helpful in this situtation. The idea is not to fight or prevent emotions from occuring, but rather acknowledge they are present and inturn may lead to a poor trading decision. Most trading errors are due to an emotional outburst or the traders awareness being somewhere else other than the market. Beathing exercises such as focusing on the breath and taking slow, deep breaths, can help ease the internal tension and return focus back to the market. This is a form of awareness training (mindfulness), which can help a trader with concentration and placing his awareness on the trading task at hand. It is also beneficial to practice some form of mindfulness outside of trading to become more intune with yourself, and ultimately the market.
Trading along side stress / emotions
What makes the difference between an amateur and professional trader is not the lack of thoughts, emotions, or stress. Professional traders too have these characterstics as we are all human, although they may be less obvious to the observer. However, a professional does not act on these feelings, and instead does what is necessary based on the market structure, not how he feels or what he thinks. He may find himself distracted with thoughts or an emotion, but then brings his awareness back to the trading task at hand. Amateurs do the opposite by allowing these feelings and emotions to lead to actions in the market, which more often than not are trading errors. Amateurs get stuck so to speak in the stress or emotion rather than the correct trade action. Moving past this is not easy, but returning awareness to the market rather than internally is the first step. An easy way of accomplishing this is to periodically throughout the day ask yourself "Where is my awareness?" or "Where is my mind?" The next question is, "What is the opportunity being presented right now?” or “What is the market telling me to do right now?”
Continued...
Trading Psychology 2 How Strong is your Trading Mentality?How strong is your Trader Mentality?
Signs of an "Amateur Mindset"
If you identify with any of these characteristics while trading, you are suffering from an Amateur Mindset. These are normal when first learning how to trade, and even common in advanced traders who have not yet mastered their trading psychology. Very succesful traders may still occasionally experience some of these symptoms while increasing positions, but as far as day to day, do not.
Hesitation to enter positions meeting edge criteria
Fail to exit trades not performing to expectations
Feelings of fear (missing out, failure, success, leaving money on the table, etc.)
Upset/mad when prices go against you or happy / relief when prices go your way
The market is too painful to watch (pain avoidance)
Market actions led by emotions / feelings / stress
Forms and applies rigid rules for entry / exiting market
Afraid to make mistakes / upset after mistakes
Signs of a "Probability mindset" or Professional Trader
Enters or exits trades without hesitation
Does not experience internal conflict while entering, or managing trades
Willing to take a loss (accepts his risk)
Flows with the market seemingly effortlessly
Not attached to outcome of any trade
Emotions / stress do not lead to market actions
Enters / exits however necessary
Accepts mistakes and moves on
Interestingly, it is easy to separate a professional trader from an amateur, not based on profits or losses, or the amount of ticks he makes a day; but based on his actions in the market. By observing how a trader interacts and engages with the market it is obvious if his actions were led by emotions or intuitively based on what the market told him to do at the time. Professionals flow with the market, and do not fight or resist it in any way. As a result money seems to flow effortlessly into their accounts, and their equity curve is that of a healthy bull trend. Amateurs are constantly fighting the market and themselves, with actions led by what they think, perceive as a threat, or the false belief that they know what is going to happen next. The outcome is a slowly depreciating account balance, and an equity curve that is flat or in a bear trend. The later is a sign of trading errors made by the trader and not that of an edge being executed properly.
Continued...
Trading Psychology Introduction to Trader Psychology
There is evidence of technical analysis dating back to the 17th century. The candlestick charts most of use everyday to trade were created in the 18th century by a Japanese rice trader. By this point one would think technical analysis should result in more profitable traders and lead atleast a quarter of price technicians to a profit. However, this is not the case and in fact the opposite is true as most traders fail, even after years of studying price action. With this said, it is obvious learning how to read a price chart alone is not what leads to consistent profits. So what is it that seperates the very few succesful traders from the so many failures? Is it their strategy, their money managament skills, IQ, were they born with a different skill set than most, do they work harder than most, or are they just plain lucky? All of these sound plausible, but are they really the driving factor behind consistent profits? The short answer is no, none of the above. Perhaps we have been looking for the answer in the wrong place all along. In fact, most traders never even consider the possibility that it is their attitude or mental habits which prevent their success. What truely seperates the winners from the losers has nothing to do with external factors, but rather what goes on internally while observing and engaging the market, in other words; a traders mentality.
"If the next bar is a bull follow through bar, the bulls have a 60% chance of making a profit. If the next bar is a bear bar that means....." Absolutely nothing! Unless you can structure a trade plan, and abide your plan as the market unfolds, without questioning yourself or your plan, and execute it flawlessly. Most beginning traders believe if they study harder and learn more setups, they will eventually become profitable. This is the fallacy of price action analysis. In fact, most economists and price analysts do not make good traders. Why? Because they form rigid rules and ideas as to what prices should or will do, and in turn fail to recognize and accept the "now opporutinty" the market is offering to traders who are open to all possibilities, including a lower probability event. Even more debilitating is the false belief that they can pick out winning trades, and avoid the losers, which leads to cherry picking through a traders edge.
If the market spends most of its time with a probability between 40-60%, why is it so hard to generate a consistent profit? Understanding prices and their tendencies is only half the battle of becoming a Professional Trader. The other half and harder to develop, is the traders mindset. What makes a good trader is not only his knack for reading prices. It is the ability to flow with the market as it is unfolding, and the art of doing the right thing at the right time; without questioning himself. If the market is only offering X amount of profit, he takes it. If the market is unfolding in a way that he did not expect, he exits. He is willing to take a loss, and more importantly does not care what happens to "himself" in the market. He does not take it personally, and carries on throughout the day executing trade after trade.
Continued...
"BULL FLAG"Hello!
I start my EDUCATION Lessons with a "Bull Flag" chart pattern!
A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. A “flag” is composed of an explosive strong price move that forms the flagpole, followed by an orderly and diagonally symmetrical pullback, which forms the flag. When the trendline resistance on the flag breaks, it triggers the next leg of the trend move and the stock proceeds ahead. What separates the flag from a typical breakout or breakdown is the pole formation representing almost a vertical and parabolic initial price move. Flag patterns can be bullish or bearish .
This pattern starts with a strong almost vertical price spike that takes the short-sellers completely off-guard as they cover in a frenzy as more buyers come in off the fence (Flagpole). Eventually, the price peaks and forms an orderly pullback where the highs and lows are literally parallel to each other, forming a tilted rectangle . Upper and lower trendlines are plotted to reflect the parallel diagonal nature. The breakout forms when the upper resistance trend line breaks again as prices surge back towards the high of the formation and explode through to trigger another breakout and uptrend move. The sharper the spike on the flagpole, the more powerful the bull flag can be.
Additionally, this consolidation will retrace a small portion of the previous uptrend. If the retracement becomes deeper than 50%, it may not be a flag pattern . Ideally, we’ll see the retracement be less than 38%. Since this is a continuation pattern, we look for prices to break higher with a length equal to the size of the flagpole.
The tighter the flag - the more powerful it is!
Don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it!
That's the best way to support me and help to push this analysis to other users.
Best regards!
How to trade EUR/USD on the Daily Timeframe [FULL EXPLANATION]Trading EUR/USD on the Daily Time Frame: Delete the noise, patience wins
Here I present a textbook trading set-up + a fancy little indicator known as the EAG Yume Wave.
First we need to set up our parameters, what is confirmation and what isn't?
Your analysis does not need to be over complicated, you want to be considering the key/strongest variables when you are creating your final equation. You can backtest multiple indicators, I usually play around with ichi, different MAs and a couple of momentum indicators and the RSI to see if I can make anything work.
Here are my personal EURO/USD Daily TF Trade Parameters and WHY I have chosen them~
185 EMA
This has acted as a really good measure of resistance all the way through EUR/USD's last few months. To find this I played about with the settings.
Fibonacci lines and extension
These allow me to see all the individual lines to trade from and where my points of confirmation will be when a fib line gets broke.
Trend lines and horizontal support & res
Important textbook trading skills that should line up with my other indicators and fiblines.
EAG YUME WAVE Indicator
Watching for the twist and then watching for if the Miaku can provide support on the downfall.
Volume + MA
Volume in traditional markets can help us confirm where potential bottoms are with good buy backs.
Do bear in mind there is the risk of a volume divergence hence why I am neither bullish nor bearish UNTIL we get some form of confirmation!
If you learnt something or just want a chat about how I trade add me on Discord: Xander#5055
A follow and a like would be greatly appreciated for my time :D
~Xander
Trading system for Binary Options 70-80% positive trades Hi Friends ! I decided to show how my strategy works . Quite well shows the turning point of the price .
This is a strategy for Binary Options . Perfect for those who are not much in a hurry and loves to trade on scalping (Strategy as simple and reliable)
The strategy consists of two main scripts and one auxiliary that allows you to use the free version of T. V
You can work on most currency pairs and on different T. f, but the settings are more adapted For t. f M5
Support and resistance levels are drawn and updated automatically, which is very convenient for beginners .
If you strictly follow the recommendations and work within this strategy, the percentage of positive transactions is about 80 % .That allows you not to use "martingale" and stay in the black with minimal risk.
But if you still like the martingale it is usually enough 3 rarely 4 steps. ( I advise you to use martingale only after two months of practice on this strategy )
Below are screenshots with more detailed recommendations .
How to choose the right entry point.
How to act with a false signal
As an example screenshots with statistics for 30.05.18 on EUR-USD Timeframe 5M.
If you are interested in this strategy to gain access to all three of the necessary script, please contact me in private messages !
( comments rarely looking better to write in private messages )
27/01/18 $EURUSD Weekly ChartWe are presently in Correction wave B.
1. Previous Resistance has now become support as shown on the chart by the Moving average.
2. RSI has bounced twice previously at this point.
Happy Trading
-------------------------------------
Risk warning!
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
--------------------------------------
Skulls, Bones And Candlesticks - The Margin CallIf you are a beginner in the wonderful world of charts, patterns and indicators, this post is for you...
Almost all traders have on day faced an account crash and anyone knows that it is a damn bad moment to go through.
My goal here is to identify what is the main reason leading to this morbid situation that make us crash our accounts...and provide some tips to avoid being in panic when the margin call happens.
The leverage and margin level.
The trading world is seen as an eldorado for most of people, especially because it seems so easy to make much money very quickly. It is also a path to financial independency which is a dream for many people. Working from home or simply working with only a smartphone and make money like that. It seems so nice.
Let's be clear, If the leverage did not exist we would not be here on Tradingview. If trading knows as much succes, it is also because we can invest much more than we have in fact. With $1,000, we are able to invest up to $500,000 in the market... from our smartphone... Simply insane.
Difficult to stay cold being aware of that.
Who has never been in margin call here? This situation should never happen. If so, then your trading behavior is at risk and you will crash your account sooner or later.
My solution: Always respect the 10% rule. Your overall margin including all opened position should never exceed 10% of your account.
If your capital is $1,000 then your max margin would be $100. Even there it is only for agressive traders.
Why the 10% rule can help you to succeed?
In fact, you can use it as psychological barrier.
As an example, you can face the case where you have a position in loss. I identify 3 main situations:
A) You position is in an important loss. You are tempted to average down the entry price of the position by adding a new one on the same pair. Clearly the badest behavior. With the max margin at 10% you cannot add multiple positions without breaking the rule. It is your alert.
B) You can also let the position run in loss without doing anything. Your stop loss? Psychologically, you are not able to handle such a loss so you pray for the market to reverse. It is possible depending of the fundamentals and technical configuration, if a huge support is broken, better worth closing the position. Letting the position run is risky but clearly much more acceptable than the A situation.
C) Your position is in loss but you use a stop loss. The stop is hit but you accept this loss and look for a better opportunity to enter in the market again. Ideally on a support or a resistance.
In definitive, being in margin call should warn you that your trading behavior is dangerous in a medium to long run. The probability for you to crash your acccount sooner or later is damn high.
More Downside On EURUSD After A BounceOn February 16th EURUSD found a top and since then has been trading strongly to the downside, especially from March highs when pair turned lower into a new five-wave impulsive reaction. An impulse is a five-wave development that indicates the direction of the trend and in our case this is to the bearish side. Now as we look closer, we can see price specifically in sub-wave 3 approaching some Fibonacci levels here around 1.1823/1.174 region, where bearish run can slow down and a new temporary pullback as wave 4 can start to unfold. If the pullback is really coming into play soon, then later price may rise towards the lower side of the channel line, which can in many cases react as a resistance, so be aware of a new turn down from around 1.1960/1.2030.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
3] How to use Traders Dynamic Index and Complementary OverlayXtremePhaser = Thin Cyan line
HighPhaser = Thin Blue line
HighMBL = Thin Orange line
Phaser = Thick Blue line
Midline = Thick Black line
& others.
Just like the traditional use of moving averages, HighPhaser and XtremePhaser allows for higher time frame trend (by their nearness and crossover) to be seen and recognized by traders allowing them to respect market's condition to not imply what is not true and in the end 'lose it all'.
It (TDI-CO) allows of course to show support and resistance.
It also allows for support/resistance breakout to be evidenced as seen in 15 min chart with price being squeezed by Phaser (&Midline) and XtremePhaser.
How to to trade retracements: Retracements come with the expectation of a trend continuation, therefore the safest trade is to continue trend not countertrend-trading with the pullback.
Component lines aid in recognizing when the market is in a pullback as seen in image.
HighMBL overlay did not allow price to rise any higher. Phaser and HigherMBL formed a channel because of their slope downward, but the importance of their steepness is major, as it should determine how you should trade. In summary you should trade in same steepened direction as the thick blue and thin orange line, but a breakout of a flat highLine is more promising for the adept swing traders.
What's Geopolitics and Ponzi schemes got to do with you?I focus more on historical factors in brief overview in the video. There is an emerging perception that both the EURO and the US Dollar a Ponzi schemes of sorts.
How can the US Dollar which is backed by 'thin air' have come to dominate the world.
What is a Ponzi scheme? Are there similar elements in both the EURO and the USD? Look and you may see.
Geopolitics affects these two. But I'm not really going into the 'fundamental analysis' of this at any deep level, at all. Demand for a currency is influenced by international trade which then is connected to stock markets. I'm not able to dig deeply into the complex interactive connections here.
To be clear, I separate Geopolitics from 'Politricks' which I blogged about before.
I'm saying that we need to be aware of Geopolitics in the higher time frames like 1D charts. That's not just about currencies - it's also about stock markets.
Stuff that may be of interest:
A Ponzi Scheme
Special Interview Noam Chomsky 2018
A deeper understanding of money from a global pespective - and potential complications, by Yanis Varoufakis
The Monetary System Explained - how the Federal Reserve works (or not).
Century of Enslavement: The History of The Federal Reserve
End of day action on EURUSD and US30In this video I look at an interesting compression on the 15 min EURUSD and quickly review a critical price position on the US30.
This follows up from my other videos.
A strong EURO is not great for the Ger30, so if it strengthens around now, there could be more bearish pressure on the DAX.
The DAX tends to rule the worlds markets and has not suffered as serious corrections as the US30, as yet.
I'm not saying I'm right about any of these positions and how I assess them. The important things I think is to share thoughts and learn from others. I'm always happy to learn a different way, see a different perspective, and to stand corrected if I've made glaring errors.
Best wishes
Walker.
How it's all connected upIn this video I explore how the US Dollar strength affects stock markets and the EURUSD.
When I was very new to trading I had not known about all this - and late in the game I wished that somebody would have told me sooner.
Shorter term bounces of the US dollar can cause traders to exit positions too soon.
Around this time day traders could find that spikes in the US dollar causes them to be bounced out of trades that are long or short on other instruments.
Volatility is what we need in trading, but there is a kind of love-hate relationship with it.