WtiOil Finds New Support Level at 56.3405/11/2019 WtiOil-Usd A New Set Target High against WtiOil Rate placed at 58.96 - Check Out Chart View above against Updated Results ? Any Questions please Follow along at Profile Page - Trading Ideas. I`m capable of Drawing the whole index out for yer.
Be careful with stop-loss placement - Current Support Level is set at 56.24 - So stop-loss is well place just at or below this level.
Fundementals
GBPUSD - Monthly Candle - BrexitSeems only 3 events will add much affect on the Markets for this year
- Trump tweets
- Trade War
- Brexit Deal
GBPUSD on daily chart will do near 1.2690 and once the current Monthly Candle reached 1.2690 which is the monthly opening price, they will announce good news about Brexit deal, so they will push the GBPUSD to 1.2920 and FTSE100 will drop to 7380.50
"How much you have more Patience, how much you will have more Profit with less Risk on your Portfolio"
** Because profiting in Forex Trading doesn’t come from trading more often, but by profitable trades and the best trades aren’t available every hour or even every day, so sometimes you might have to wait for days or even weeks to find Accurate Forex Signals .
Possible EUR/JPY Short Position!! SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-4 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 117.300
C - Fundamentals that may affect the pair
USD Retails sales on the 16th Oct @ 22:30 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 117.30
Target 2 @ ....
Risk/Reward @ 4.5.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible GBP/USD Short Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-4 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 1.22
C - Fundamentals that may affect the pair
GBP CPI on the 16th Oct @ 18:30 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 1.22
Target 2 @ ....
Risk/Reward @ 4.5.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Continuation Swing High from 1.0880 Part 2 EurUsd Rate the Euro Rate Continuation Swing High from Support Level at 1.0880 - the Rate may contain an additional 160 pip higher - Before Price will return to the 78% bar at 1.0801 at this stage within the trend this is only probable - There are two opinions possible here - Or the Rate may return to further highs - Seen at 1.1547 as the current monthly chart cycle a little short of my mark at 1.0801.
1.1547 is Seen as a Secure Resistance Level towards Price returning to the Lower Low end and Finalized Outcome through the month chart as A Completed Low Phase.
Daily cloud resistance - most important obstetrical?After the last events which I myself didn't expect (Even though there were very strong signs for it from different directions, as well from traders I trust which put me in my place ^_^, as well from my own most valuable indicator that I love the most which I decided to ignore), and learned the mistakes.. we can continue and trade the pattern.
* Overall lookup:
1. TA:
- Movement averages - There are very strong PA bullish divergences (Especially if you look at MAs, EMAs, SMAs (Such as 12e and 33s) as most of them getting golden crosses which are V bullish) - Bullish.
- Fib' level mid term: if we check since the begining of the current parabolic run, then we almost corrected to 0.5' levels, from my speculation we need to reset this parabolic run (just like we did on the last one) and to do so we need to fall to around 1'-0.7 fib' levels for a healthy bull run to happen, as this is just my speculation, then 0.5' fib' still might be enough, but from my side I really prefer to see another correction towards the 8.3 and even better towards the 4-7.2k... - Natural.
- Fib' level short term: On this last rise and since we entered the parabolic run, both Fib's show that we have ways to go and correct now towards where their 0.6' fib level meet which is 9800-10050 levels - Temp' bearish (Correction) which from my perspective is a must if we want to continue this last bull rise.
- Symmetrical triangle (Usually a continuation of any trend, but also a very strong reversal)- we broke it downwards, but lost momentum - thus this triangle was invalid (Some would argue that we didn't break it, as the floor is lower then what others see, but this changes from trader to trader and does not fit my own style) - Invalid.
- Descending triangle (Usually a continuation of a bear market, but also a very strong reversal on bull market) - Until we won't break this triangle which I personally believe effects a lot of the market emotions (Yes retail sellers/buyers), I'm not convinced yet that we are on a bull market, some would say that other PA divergences have much more impact then patterns, but I must disagree as the market works with emotions, and patterns also change emotions) - Bearish.
- Clouds short term - 1h we supressed, but I think if we are going to correct this move then we gonna enter into it and touch the bottom floor, which will lead us to touch above the 4h cloud - Temp' bearish (Correction), If we enter the 4h cloud, it will break the 1h cloud, which might turn the 4h cloud into a strong resistance again..
- Clouds Mid' term - we touched exactly the bottom of the daily cloud, this is the final step to supress the descending triangle, entering this cloud means we broke all obsticles, and if we create a bullish pattern above it means that we are finally confirmed to be in another bull run, I believe this will play out as a very strong resistance - Bearish.
- Other oscillators and indicators:
- Stoch and RSI - on short term (daily/4h) - they need to cool off, thus we gonna have this small correction... on mid term (weekly) - RSI look like needs a lot more to correct which the stoch looks like is ready
for the bull run, as stoch is better then RSI from my perspective then to me it looks like - Bullish... on longer term if we check monthly, then both are at the top, but we also might not have
enough data, and yet I do think that we should at-least have small correction to cool down, thus - Bearish.
- Accum/Dist - I like to see this as indicator as confirmation for when there is uncertinty, when accumulation has too much distortion and a stop to bull run, then usually distribution taking effect just like we
have seen on last parabolic run - Bearish.
- MACD - looks to me very nutral on all the smaller TFs, but! the weekly shows that we might have a reversal - Bearish.
- OBV - Although we confirmed the bullish movements for the 1h-4h (Every move up supressed the last low levels) we are still creating more lower lows on daily with still lots of room to drop, and also the buying
power is still at zone levels that fit the 7400-8200 at 4h - Bearish.
*** Some would say that most of the info here isn't relevant, but it fits my trading style, I might be wrong with my overview here but in the end we are all here in this space to learn and get better, if we enter a bull run by breaking the triangle, I will change my style as it will prove to me that my style isn't that good and that I need to change some perspective and give new priorities. but even if we break the triangle and go bullish, it doesn't matter if you know how to manage your portfolios well, and especially if you have at-least 2 different portfolios:
1. Long term investment portfolio - where you keep laddering BTCs as you don't care which price it is atm, because you directing it for 35-50k, and then 80-120k, and then even to 1m...
2. Trading portfolio - where you manage safe portfolio with tiny risks of 1-5% (Or better 1-3%), and stick to TPs, and have a plan to change your trading focus depending on the situation (such as breaking this triangle).
2. SA:
- Also SA is greatly increasing (Due to the cumming Bakkt launch at 23/Sep, and also ETF decision on 29/Sep (Which if will be bad, then will bring a lot of bad sentimental with it) - very bullish.
- We rose in fear/greed indicators from 5 to 28 and now 41, it means that we are very neutral now, we can go both ways - neutral.
- The media is way too excited for me lately, I don't like it, usually when most of the media talks good it usually means you should sell, but as media is very manipulative for both directions, I prefer to stay: neutral.
3. FA:
- Everyone knows how I talk about Fundamentals of BTC, it didn't change. Bitcoin technology isn't ready to bring mass adaption (even though news of institutions pushing it), LN was a failure (Amount of nodes dropping, and less activity in overall, still a shop owner can't use BTCs...), sure lots of institutions talk about aduption, and having many ideas, but these won't appear nor will make big effect this year and I think not even in next 2-3 years... not until BTC is matures in technology (In all: speed, amount of transactions, simplicity for the little poor shop owner)...
- So some would ask me then if these fundamentals have bearish signs on BTC, well this is a big argument, I do think it has big impact against institutions and aduption, but Bitcoin is still both:
1. Medium of exchange - which is a very future like perspective, this might start really bringing mass adaption in between 5-10 years, but some say we won't even see that in our generation (Which I tend to agree with such speculation as well).
2. Store of value/scares - due to the upcoming halving, I do believe that we will see ATH next year (Can easily get to 25-50k), this will bring big excitement, and lots of 'wanabi rich' people will enter the field, BTC transactions will get again overloaded, and the correction (Or more like a bigger crush then the last parabolic run) will come right after.. but eventually BTC will always progress and always grow in price, I personally think that this year was good enough for BTC, but I also think that we are still in an 'echo bubble', I don't see ATH and I do see this correction towards the 4-8.2k before the next real parabolic bull run can begin again... I don't mind if I'm wrong on this speculation, I base it on a lot of variables as well, but if we break the triangle up and start the bull run already this year, I'll be more then happy as well...
*** To conclude my overall thoughts:
Short term (few days) we gonna have small correction to around 10050..
Mid term (14/Sep - 26/Oct) we are going to break this triangle up/down, if up then bull run returned, if down then it will take us long while to go back, but this is good for us! and the best from my perspective.
Long term, keep investing in BTC, you won't regreat it ;), as I'm sure we will see 100k-1m one day ;)..
Hope you had a nice (long) read, cheers.
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Hedgehog King!
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RKDA ShortRKDA has been around since 2002. Market seems to really like this one lately, I don't see much reason. Stock has endless losses and now making deals with former MLB star Shane Victorino to get exposure to hemp. CEO leaving and CFO taking the reigns. Company anticipating $30 million in revenue but there seems to be a good bit of warrants overhead. I think regardless of optimism, company will need to raise capital at some point in the next year. I am skeptical to say the least and short the stock .
GBP/USD HITS WEEKLY HIGHS NEAR 1.3270
Pound was among the top performers of the day as UK Parliament holds a series of indicative votes. Today UK Prime Minister Theresa May offered to quit as PM if her Brexit deal passes. The pair holds a bullish tone that could be confirmed if it manages to consolidate on top of 1.350 #brexit #gbpusd
Preferred Wave CountIf enough speculators are speculating on the price of Bitcoin, then we can see some beautiful Elliot waves as we do in purely financial markets (like the stock market.) Bitcoin is a currency, so it has economic aspects and thus, at times, may not fluctuate according to the wave principle.
As we have seen, Bitcoin has already produced some lovely waves due to the irrational (or pre-rational) herding and speculation that comes with financial markets.
If we see another impulse wave to new all time highs, it will be due to speculators speculating on the actions of other speculators, NOT because of crypto-currency fundamentals.
Let's see if we've already started a large wave!
BTC Range Bound and DownLike the tile says I am looking for $BTC to be range bound to short over the next ten to twenty weeks. $BTC was trapped in this very location back in 2017 where it spent nine weeks and traded from early August to the middle of October before it broke out of its range. $BTC is still holding under the 200 Exponential Moving Average (EMA) where it broke under back in February of 2018 which is significant because $BTC has not been under the 200 EMA since August of 2015. I am using a logarithmic scale on my chart because I have it on good authority that the institutional investors use this type of scale to make technical analysis decisions. Whats the importance of how institutional money uses charting to conduct technical analysis? It's important because it's institutional money that is pushing and driving the market. How can that be, you ask? Well, the crypto space is like the wild wild west. An unregulated decentralized space that's prime for old school market manipulation. Truly a shark's wet dream. Think about it for a minute. Who knew that the CME and the CBOE were going to launch $BTC futures contracts and be given approval to do so? Not many people that's who. The Winklevoss twins knew and many of their friends and family not to mention the top leaders and members of the SEC, FINRA, CFTC, CME and the CBOE just to name a few. It probable took two to three years of work, research and technological innovation to stand up these new financial instruments. Then they partner with Gemini? Why would Wall Street use Gemini's auction price for bitcoin to quote their $BTC futures contracts? Gemini is by far not the best or largest exchange by volume or any other factor for that matter. One could speculate that the twins are obedient servants to the master and will heel at command!
Only the top big money traders were invited to trade the open of the contracts launch. How do I know this? When I found out the contracts went live I tried to trade them through my TD Ameritrade account and was rejected so I called customer support and was politely told to pound sand up my ass because my money was no good at the bar! That's when I realized that some of the investors that we invited to trade it first were like cut bait and just there to provide equity for the sharks. You know how the old saying goes right? If you look around the table and you cant find the mark then the mark is you. This also helped me avoid getting caught up in the FOMO and getting trapped in positions where I would have to DCA like crazy just to get back to break even. See this old pump and dump has been around along time and it goes back tens of thousands of years. It's human psychology and the Oligarchy are masters of that psychology and the manipulation there of. If you go and look at the CFTC commitments of traders reports you will see the smart money was heavy short from jump street and are still heavy short. Add that information with the massive advertising campaign that started back in August 2017 and led up to the contract open and you have a classic boiler room pump and dump. Which was also perfect timing to get paid just before Christmas. I'm sure that in the small circle of the Oligarchy the Christmas of 2017 will live in infamy.
You can relate this back to the Bugs Bunny Cartoon's. If you can't beat 'em, join 'em! The Oligarchy realized the power of Bitcoin and the future implications that the loss of control over the established monetary system would have on their way of life and their suffocating choke hold over humanity. They realized that the spark had already been lit and the revolution is on! Since they were not invited to the party they devised a plan to slow the train down long enough to jump aboard and ride to uncharted territory. They paid their whores well just look at the twins and others like Jamie Dimon and how he sold that ass like a dirty gutter slut! Yea I said it Bitch!
The institutional money (Sharks, Whales, Oligarchy) have been buying physical $BTC since they made the decision to launch Bitcoin Futures contracts over three years ago. When price peaked over $19,000 they were taking profits selling physical $BTC on the exchanges and shorting $BTC futures contracts via the CBOE and the CME. The $BTC price back in 2015 averaged around $250.00 a Bitcoin. That's the primary reason Bitcoin could fall back between $1,000 to $1,500 because there is no big money to defend price until much lower levels. One week after the $BTC Futures contract opened on December 19, 2017 there were 828 contracts long compared to 2,199 contracts short. The 828 long's were controlled by 18 individual traders compared to the 2,199 short's that were controlled by just 9 individual traders. This correlates perfectly to market statistics that have proven year over year that the majority of traders loose money and the masses are generally wrong.
The point of my post is to say that personally I will be moving forward with caution. I will be watching the CFTC's Commitment of Traders weekly reports and waiting for a change in Relative Volume (RVOL). As the chart shows big moves are signaled buy spikes in RVOL. We are still in a active pattern of short pressure signaled by the recent spike in RVOL on the bear candles that I have illustrated above. Stay safe Crypto Soldiers and keep the faith because this is the future of money and they know it. They are riddled with fear each and every day because they know the gig is up and its just a matter of time until mankind unites and overthrows the taskmaster! Power to the people, all people. Viva La Crypto!
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EURUSD geared for a run south of 1.1300
Italy has until Tuesday to submit a revised budget draft to the EU.
Italy-German yield spread looks set to rise in the EUR-negative manner as Italy is unlikely to revise lower its expansive budget deficit target.
The EUR/USD is trading near 1.1325 after taking an early-Monday plunge into near-term lows as the broader market opens the new trading week with risk appetite notably skewed into the downside, and the 1.1300 major handle is going to be a key point of contention heading through the week.
[USDCAD] BoC Interest Rate DecisionGood morning Traders!!
Wednesday is expected BoC Interest Rate Decision, and from our point of view we expect a rise in interest rates, and if that happens, from a technical perspective, the pair might fall or develop a fast and deep pullback (speculative) and then back on bullish side, we'll see... but whatever happens, it will certainly lead to increased volatility.
TECHNICAL ANALYSIS
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Printing Money, Interest Rates, and Equity MarketsI'm neither economist nor investment advisor, but the rise of cryptocurrency got me thinking about physical currency in America.
Most of us know the U.S. Treasury prints money. Here's a chart, roughly, of how much they've been printing:
There are several measures of money supply, but FRED:M2 is a fair picture of how much cash is out there. As you can see, it's a fairly consistent uptrend.
Most of the charts in this article will have three moving average lines, inspired by Dave Landry. As Dave writes, they aren't magic; they just give us some help visualizing trend. But if we add regression channels over the last 20 years...
...we see that the trend is almost straight-line. The channels are a best-fit straight line with lines drawn 2 standard deviations on either side, which, for normally distributed events should contain 95% of population. Look how narrow the channels are when compared to something a little less predictable, S&P 500 :
Just for kicks, let's tighten the channels to 1 standard deviation on each side, which should contain 68% of the bars:
The only time the money supply growth dips below the channels is May 2006 through Nov 2008 and Sep 2009 through July 2011. Just to jog our memories, I'll overlay the SP500 and the Russel 2000 .
Notice how, even though the money supply is always rising, when the pace of that supply drops a little bit, it precedes significant market drops, which "recover" when the pace of printing money returns to "normal."
Of course, this isn't they only way to look at market events in those periods. There were real fiscal crises that happened. There may be other causes. I'm only asking a question of myself,
"Is it possible that the extended bull markets we've seen are funded by the treasury's printing presses?"
And remember, we're not just talking about how fast those printing presses run; we're talking about how fast the Treasury adds printing presses, especially when we see the velocity of money production increase along with the recent bull market:
In 2014 the markets started to flatten out a bit. Feb 2014 saw a spike in money printing speed (notice the gapped bar.) A long bar show another spike in production Jan 2016, and a continued increase in speed through Sep 2018 when the stocks started sliding.
This month, October 2018, we see the first decrease in money supply since Jan 2013 (if you compare end-of-month to end-of-month).
Notice also the green, and drawn line marking the 2016 bull run.
I believe people can predict the markets. Anybody who tells you for sure the market will do a certain thing by a certain date is, IMHO, viewing you as a market. I sure can't time the markets; I just like thinking about charts and asking questions.
These charts leave me asking:
To what extent is market recovery and growth funded by the manufacture of currency?
Can that manufacture continue indefinitely?
Who decides to slow down that production, and why?
What does a drop in money supply mean? I assume it's the Federal Reserve "paying off" the Treasury Bonds it used to create the money, simultaneously lowering its debt and increasing the value of money.
Should this affect my market bias?
Should that affect my investing?
AUDJPY SellThe Japanese Yen finished right in the middle of the pack, gaining and losing ground against three currencies each. Despite stagnating last week, the Yen remains the best performing currency in October, and remains poised for further outperformance ahead.
So far, through October, CAD/JPY is the worst performing pair, down by -2.49%, followed by AUD/JPY (-2.45%) and CHF/JPY (-2.43%). The best performing JPY-crosses through three weeks in October are GBP/JPY (-0.67%) and USD/JPY (-1.01%).
Entry could be after a close below 79.377 on AUDJPY. 10 to 20 pips TP would be adequate. The ratio is 1:1. Trade with caution!
Key price level for US Stock Market - Neutral With the US30USD price sitting at a strong horizontal and upwards trend-line support - the market technical analysis here points at upwards movement (Strong pin-bar bounce from support line).
Although our market analysis points towards a potential move up, you should only enter a position if you see a strong break-out above the 25,500 level.
The DJIA could still be under pressure from the increased interest rates and geo-political tensions, if the bears are able to move the price down below this key support level then the market is in serious trouble and there could a downtrend formation in play.
You should always combine a fundamental and technical analysis together. This can give you a much better insight into where the market is looking to go. Simply using technical analysis is not good enough.
This is not investment advice - Losses can exceed initial deposits when trading. Good luck!
Long term buy on SILVERA couple things to keep in mind when trading precious metals:
We have seen a great rally in the US Dollar, causing EM to take a big hit as a result.
Strengthening USD = bad. There's plenty of cross-border USD debt - 38% of GDP. If you get plenty of USD and earn in domestic you have a real problem. Countries buy precious metals to counter act the inflation. jpy and gold are safe havens for currencies
hence why you see UJ down and gold up
also central bank intervention
when the US dollar is too strong countries have a hard time paying back the debt