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FR US yields vs EURUSDInterest rates are crucial in the movement of currencies. The blue is EURUSD. Those things are not 100 percent correlated but it is something that needs to be paid attention to. In this post I will demonstrate the relationship between French American bond yields (interest rates) differential and EURUSD. We use 2 principal yields 2 yearly and 5 yearly composite differential. As you see, once the yields differential hits the resistance or reversal level (here we use DeMark and Camarilla reversal levels) - there is a reaction in EURUSD. EURUSD keeps moving some 30 pips more (fakeout?) and then turns as well. On weekly differential chart we see that the differential is at 0 level after a poor bullish breakout. There is also fractal pattern in play. We also see DeMark monthly pivot squeeze on 60 min (DeMark squeeze predicts volatility and turns in the markets). You may also use German yields instead of French ones - not much difference actually. Both American and European yields are in their lowest levels. German ones dropped below 0.
TVC:FR02YEducation
by ICFX
Forex Weekly Forecast 11th-15th May 2020 (Majors and Minors)Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. Take a look on my Weekly Forecast and How I planned my added watchlist for the week ahead! Feel free to drop in your comments right down below and share this with your friends! But still Sketch up your own trade setup before you take off. Good Luck! Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Education
by Profitlio_Trading
4
Interaction of trendsIt is interesting to study trends and how they interact because the price level of any security is influenced simultaneously by different trends. Hence, why we need to note some application of trend classifications as it applies to trend interactions. 1. When we see any specific price pattern, our first question should be: Which type of trend is being reversed? If it is a short-term trend that is being reversed, then we would not be expecting much price movement when compared to an intermediate or primary trend being reversed. 2. Since intermediate and primary trends dominate price action, traders who deal with short-term trends should pay attention to these trends. They can help them in making good trading decisions. 3. When a trade is positioned in a countercyclical position to the main trend, trading losses usually happen. I do not say that trading with countercyclical positions to the main trend do not succeed, but they have a higher probability of resulting in failures. I trade countercyclical positions sometimes, but I am careful. I usually want to see the patterns having high volatility or being well pronounced. Below is an EURGBP chart showing a two bar reversal that did not move much because it was countercyclical to the main trend which was a downtrend.
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by Emekadavid
How to filter out the noiseIn this post I will demonstrate one of the techniques that you may use to filter unnecessary noise from the chart. For that purpose we will use Three Line Break charting (invented in Japan) along with a Japanese trend indicator Ichimoku Kinko Hyo. Line break charts were developed in Japan and popularized here by Jewish American author Steve Nison (the man who revolutionized technical analysis by introducing Japanese candlestick charting techniques to Western traders) in his book "Beyond Candlesticks" (2009). In that book, Steve Nison unveils the mysteries of four more of Japan's most closely guarded financial secrets - Kagi, Renko and Three-Line Break charts. Three Line Break charts show a series of vertical green and red lines (bars); the green lines (bars) represent rising prices, while the red lines (bars) portray falling prices. Prices continue in the same direction until a reversal is warranted. A reversal occurs when the closing price exceeds the high or low of the prior two lines (bars). The green and red bars on the price chart are called “lines”. Second, line (bars) changes are based on closing prices, not the high-low range. Third, Three Line Break charts evolve based on price, not time. Each new closing price produces three possibilities: 1 A new line of the same color is drawn when the price extends in the same direction. 2 A new line in the opposite color is drawn when the price change is enough to warrant a reversal. 3 No new lines are added when price does not extend the trend or the change is not enough to warrant a reversal. Good luck! Roman IC Finance
Education
by ICFX
1
How to identify global trendHello Traders! To find out if price is in bullish or bearish global trend a half year ACD should be applied. Only half yearly Initial Balance can do this. Conditions: If weekly price stays primarily BELOW HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and lower A-PIVOT = BEAR MARKET If weekly price stays primarily ABOVE HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and upper A-PIOVOT = BULL MARKET If price moves into the opposite zone and manages to stay (!) there for a few weeks (time factor, spike is not enough) then a trend change is on the way in the next half year. As you can see EURUSD´s macro trend is BEARISH and we already broke half yearly A-PIVOT. Fisher describes Opening Range ( IB ) as FULCRUM. It holds the market. Without it things collapse. And as you see Half Yearly A-PIVOT breakouts are MASSIVE! One can not detect those by applying yearly opening ranges. Also here, you can often observe similar loop post-breakout patterns as with yearly A breakouts. I hope this technique will save you from many loosing trades! God bless! GOOD LUCK!
Education
by ICFX
A-pivot breakouts in EURUSDA-pivots (called A-UP and A-DOWN) are calculated using the opening range (OR - that is where price "belongs") often referred as Initial Balance ( IB ), in our case - monthly opening range. You can find the formula in Fisher´s book. Red lines are opening range (the range of first 2 or 3 trading days in the beginning of month). Then one multiplies a specified distance (certain number of ticks above below OR) from opening range to get A-pivot level. I am not sure about the exact formula but ACD indicators do it automatically. Opening range ACD strategy is usually applied to day trading but it is interesting to see how EURUSD reacts when those A-pivots are broken on monthly. In relatively smooth downtrends price nearly always forms this peculiar bow-loop pattern, returning back to where it broke. Sometimes such bows or loops are formed twice a month. This is not observed in strong trending market (you can flip back) but still even then price uses those levels as support - resistance. The fact that price keeps returning back to monthly A-pivot means there is no strong trend yet. GOOD LUCK!
Education
by ICFX
4
weekly recapDISCLAIMER Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. i will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information Hello guys , this was one of best weeks ever in forex trading, i hope you guys did also good this week. 1ste T ake the weekend to rest. 2nd look to my posts from this weeks, send me dms about your questions, comment under my charts. 3th THANKS FOR ALL THE DMS I GET , APPRECIATE IT GUYS 4th TIP of the week= DONT OVERLEVERAGE 5TH and last one if you liked my charts please follow me I want to share the results with you guys every week, all these trader under in here i got shared with you guys. HAVE A GOOD WEEKEND YOU GUYS AND I SEE YOU NEXT WEEK. risk is always 1% pair------- sl ------- open ------- closed us 30------- 150------- yes ------- 1% usdmxn -------207 ------- yes ------- 6% gbpusd -------36 ------- no ------- -1% gbpchf -------33 ------- no ------- -1% euraud -------56 ------- yes ------- 8% eurusd -------12 ------- no ------- 3% nzdchf -------30 ------- yes ------- 6% gbpjpy -------100 ------- yes ------- 1% nzdcad -------30 ------- yes ------- 1% total ------- 24%
BITFINEX:BTCUSDEducation
by brian1122
The Beauty of patience in Forex trading!The Beauty of patience in forex trading! Price Went back to restest the 1H Range, I was looking to buy around restest, But no Always patience. Even at Retests, Look for confluences to enter long or short. - THINK TWICE BEFORE PULLING THE TRIGGER! What price Did eventually went down to the bottom of the range and broke it towards downside. Why it went downside? -Because EURNZD was overall bias bearish on higher timeframes BREAK OF RANGE was a new LOWER HIGH POINT ;) not a conformation to buy Charts show you logics, Only trade them.
Education
by Keashif
How to use Central Pivot Range (CPR)In this post I demonstrate how you may use Central Pivot Range (CPR) to find the best entries. CPR is leading and static indicator that opens ahead of day. It acts as support or resistance during trends. Price usually pulls back to CPR in trending markets. In fact, any pivot is a Fibonacci retracement level (33.3 or 66.6) from the previous low (33.3) or high (66.6). This is not holy grail, CPRs are often pierced as you see, but it will be a helpful tool in your analysis. Blue - weekly CPR Black - daily CPR 1 Day, week opens BELOW CPR look for shorts. 2 Day, week opens ABOVE CPR look for longs. 3 Day week opens WITHIN CPR prepare for ranging market. As you see thin CPRs are forecasters of volatility. With thin CPR, there is also more likelihood that it will be pierced. Average size CPR is more solid and less prone to be broken on the other hand. Very wide CPR often predict range within. You may also use yearly and monthly CPRs in the same manner. GOOD LUCK!
Education
by ICFX
1
Bears vs. Bulls - ConsolidatingSimple Triple 70 MA with Momentum and ADX Bears and Bulls are struggling for the lead as we're seeing consolidation in EUR/USD. Be sure to check your work on this one as we could see a possible reversal in the near future. However, for now, make sure if you've taken a Long position earlier today to stay in and don't fall for consolidation until you have confirmation from multiple sources. We could see a reversal and go down OR we could see another upward impulse move giving you more profit. Be sure tho, to mark your Stop Losses to maximize your profits. Want to know more about the strategy? See the Linked Post
Education
by RagingSniper