GER40 (DAX40) Weekly Gann Analysis. Will it BREAKOUT? CAPITALCOM:DE40 Falling Wedge Pattern (Weekly)
The index is testing resistance of the falling wedge once again for 5 weeks in a row.
Weekly candle close above 400 will indicate a breakout from the downward trend with a target of 16,200 if the breakout sustains.
Good Luck!
Futures-trading
E-Mini Dow Jones Futures GANN Levels for todayCBOT_MINI:YM1! trading in a tight range 34,440 and 34,580 since open. Resistances are 34580 and 34620 above which we expect CBOT_MINI:YM1! to move towards the 34740 levels.
In the event, our support of 34440 breaks, we could test the 34350 support level.
Watch the video for full details on the trading levels and range for today. Good Luck!
Have a great weekend & Happy Good Friday!
GOLD (XAUUSD): Ultimate Technical Outlook For Next Week 🥇
Hey traders,
As I previously predicted, Gold nicely bounced from a key daily support.
Even though the market was sharply bullish, I want to remind you that technically speaking the market is still consolidating.
The market is still stuck within a horizontal trading range.
1750 - 1760 is its support.
1811 - 1818 is its resistance.
To catch a bullish continuation, wait for a bullish breakout of the underlined blue resistance.
After the breakout the price will most likely keep growing to 1848 level.
If you are bearish, consider a bearish breakout of a support of the range.
In case of a daily candle close below that, bearish continuation will be expected.
What do you expect?
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NATURAL GAS Will Keep Growing! Buy!
Hello,Traders!
NATGAS is trading in a rising opening wedge
And the price has just retested a support cluster
And bounced off it showing good bullish reaction
I think that we will see the pair trading up in the wedge
With the target being the previous high
Buy!
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NATURAL GAS Will Go UP! Buy!
Hello,Traders!
NATURAL GAS is trading in an uptrend
But now the price is retesting a horizontal support
From where I am expecting a pullback
And a bullish reaction that would move the price up
Buy!
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✅LUMBER SWING TRADE OPPORTUNITY|LONG🚀
🏛LUMBER making a massive correction
From the spectacular bubble like covid rally
And the price will soon be retesting an important weekly support
From where I am expecting a pullback upwards
With the chance of retesting the level above
SUGGESTED TRADE:
☑️Buy CALL options 600$ strike
☑️Expiration end of the year:
☑️Either November 2021 or January 2022
☑️I would go for January
☑️You can see the options chain for lumber futures at the CME website
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📚 Leveraged & Margin Trading Guide + Examples ⚖️
Leveraged trading allows even small retail traders to make money trading different financial markets.
With a borrowed capital from your broker, you can empower your trading positions.
The broker gives you a multiplier x10, x50, x100 (or other) referring to the number of times your trading positions are enhanced.
Brokers offer leverage at a cost based on the amount of borrowed funds you’re using and they charge you per each day that you maintain a leveraged position open.
For example, let's take EURUSD pair.
Let's buy Euro against the Dollar with the hope that the exchange rate will rise.
Buying that on spot with 1.195 ask price and selling that on 1.23 price we can make a profit by selling the same amount of EURUSD back to the broker.
With x50 leverage, our return will be 50 times scaled.
With the leverage, we can benefit even on small price fluctuations not having a huge margin.
❗️Remember that leverage will also multiply the potential downside risk in case if the trade does not play out.
In case of a bearish continuation on EURUSD, the leveraged loss will be paid from our margin to the broker.
For that reason, it is so important to set a stop loss and calculate the risks before the trading position is opened.
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👶 Trading For Beginners | ORDER TYPES 👦👧
There are multiple ways of opening a trade in a trading terminal.
Here is the list of universal order types that you MUST know:
1. Market Order
A market order is a trade order to buy or sell a desired financial instrument on a current market price.
In such an order type, the price is determined by the market.
Constant price fluctuations and spreads make market order quite risky way of opening a trading position.
2. Limit Order
A limit order is a trade order to buy or sell a desired financial instrument at a specific price level. It allows the trader to enter the market on a strict price level ignoring the price fluctuations and spreads.
A limit order can be referred to as a buy limit order or a sell limit order.
3. Buy/Sell Stop Order
Buy stop order is used to buy at a price above the market price, and it is triggered when the market price touches or goes through the Buy Stop leve.
Sell stop order is used to sell when a specified price is reached.
The selection of order types is based on a trader's trading style.
Let me know in a comment section which order types do you apply in your trading!
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👶 Trading For Beginners | ORDER TYPES 👦👧
There are multiple ways of opening a trade in a trading terminal.
Here is the list of universal order types that you MUST know:
1. Market Order
A market order is a trade order to buy or sell a desired financial instrument on a current market price.
In such an order type, the price is determined by the market.
Constant price fluctuations and spreads make market order quite risky way of opening a trading position.
2. Limit Order
A limit order is a trade order to buy or sell a desired financial instrument at a specific price level. It allows the trader to enter the market on a strict price level ignoring the price fluctuations and spreads.
A limit order can be referred to as a buy limit order or a sell limit order.
3. Buy/Sell Stop Order
Buy stop order is used to buy at a price above the market price, and it is triggered when the market price touches or goes through the Buy Stop leve.
Sell stop order is used to sell when a specified price is reached.
The selection of order types is based on a trader's trading style.
Let me know in a comment section which order types do you apply in your trading!
Please, like this post and subscribe to our tradingview page!
Trading Idea - #Gold #FuturesBUY
ENTRY: 1905.8 USD
TARGET: 1984.8 USD (4% profit)
STOP: 1846.1 USD
- After the all-time high (USD 2089), a clear downtrend has emerged, which has found important support at USD 1677.
- Since then we have been in an upward movement with a break through the falling trendline.
- A setback briefly tested the trend line.
- The upward trend is expected to be continued.
- Target 1960 USD to 1980 USD.
Bitcoin Long position
Hey guys!
Day timeframe analytics
My expectation is price will rise to 48k.
Day timeframe shows price hits out a triangle in the top side.
Price pierced the Alligator line and didnt update lower price in compare with previous bar.
Next volume-price is around 48k
So, my long from around 40k
SL under the alligators line - 37500
TP 48k
Bitcoing rising or its just correction?
Hey guys, bitcoin doesnt let us get bored!
In previous Idea, where I drew WXY correction, BTC has started rise again.
Current local high price is 37600 - which is 78% fallback from local downtrend (In my pic)
So, is it just correction? Or price will get to 40+?
What do you think?
NATURAL GAS Near Resistance! Sell!
Hello, Traders!
NATURAL GAS is trading in a massive narrowing wedge on a daily chart
And the price is retesting the resistance again
Forming a double top below the resistance
Which makes me bearish on gas
And I think that a move towards support is likely!
Sell!
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Micro Bitcoin Futures Will Increase the Addressable Market
Each event lifted Bitcoin to new highs
Next up- Micro futures
Expanding the addressable market through lower margin requirements- Real Estate is about location; other markets are all about liquidity
The market cap is still low and has room to rise
The next event will be the ETFs- It could take time
I remember a commercial that aired in New York for the lottery. The memorable slogan was “All you need is a dollar and a dream.” The odds of hitting the six lotto numbers along with the Powerball number were infinitesimal. At a recent Powerball drawing in Tennessee was one in 292.2 million. People have a one in 2.32 million chance of being killed in a lightning strike, to put the odds in perspective.
Meanwhile, a $1 investment in Bitcoin eleven short years ago bought 166.67 tokens at six cents per coin. At the April 14 high at $65,520, the $1 invested was worth over $1.09 million, a jackpot. The incredible return continues to fuel widespread speculation in the digital currency arena. Each day new tokens come to market. While Bitcoin and Ethereum are the leaders, there were another over 9,500 tokens, and rising, at the end of last week.
While Bitcoin’s value has risen steadily over the past eleven years, it has been a bumpy road. The Mount Gox debacle in 2014 shook confidence in the digital currency market and sent Bitcoin’s price substantially lower. High-profit critics over the past years have called Bitcoin and the other cryptocurrencies everything from a scam to a Ponzi scheme. JP Morgan Chase’s Jamie Dimon called it a “fraud” in 2017. Warren Buffet said it was financial “rat poison squared.” They were wrong as the digital currencies continue to challenge the status quo.
The CME rolled out its first futures contract in December 2017. The move pushed Bitcoin’s value over the $20,000 level. Monday, the CME will introduce a micro Bitcoin futures contract, which is likely to add liquidity to the market and help in the maturation process.
Each event lifted Bitcoin to new highs
Bitcoin has been around for a little over a decade. From humble beginnings where those with the foresight to mine the tokens found a treasure if they held it, the price of the leading cryptocurrency has vaulted to new highs each time acceptance grew.
In late 2017, the Chicago Mercantile Exchange rolled out futures contracts that sent the price to the first record high at over $20,000 per token.
The chart highlights the peak at $20,650 in December 2017.
This picture shows the incredible rise from price levels before the CME’s futures contract, which provided liquidity and expanded the addressable market. The CME rolled out Ethereum futures on February 8 with the same impact on the price of the second-leading digital currency.
Ether’s price rose in anticipation of the futures contract, but the February 8 rollout turbocharged the gains. Ethereum hit an all-time high at $2803.75 on April 29 as the bullish party continues to push the price to higher highs.
Meanwhile, other events have fostered a rising acceptance for the asset class, which has come a long way from Jamie Dimon’s classification as a “fraud” and Warren Buffett’s characterization as “financial rat poison squared.” Last September, Jack Dorsey’s Square (SQ), a payments technology company, bought $50 million worth of Bitcoin. They added another $170 million in purchases in early 2021. Meanwhile, Elon Musk’s Tesla (TSLA) swooped in and bought $1.5 billion of Bitcoin early this year and said it would accept the cryptocurrency for its EVs. Tesla is not the only company accepting cryptos these days. I've included a link to the growing number of companies and businesses accepting Bitcoins in the full article.
The bottom line is that the more companies accept Bitcoin, the more investment capital pours into the market. At the end of last week, Bitcoin’s market cap stood at roughly the $1.082 trillion level.
The Coinbase listing on NASDAQ was the last significant event. On April 14, the listing date, Bitcoin reached its latest record high at $65,520 per token.
Next up- Micro futures
The five-token Bitcoin contract had a nominal value of $327,600 when the price reached its April 14 high. Original or initial margin requirements or the good-faith deposit required to trade a Bitcoin future was roughly $160,000 per contract, precluding many market participants from trading the product. The extreme volatility in Bitcoin’s price requires a high margin level.
This week, on May 3, the CME rolled out the Micro Bitcoin future, a pint-sized product that makes Bitcoin futures trading and investing available to a broader audience. The contract is 1/50th of the size of the original futures (0.1 Bitcoin per micro contract), meaning margin requirements will be around the $2,500 level.
Micro futures will allow for hedging, speculation, and trading at a more manageable risk level for many.
Expanding the addressable market through lower margin requirements- Real Estate is about location; other markets are all about liquidity
In the real estate market, the mantra is location-location-location. In financial products, it’s liquidity-liquidity-liquidity.
Mature markets offer buyers and sellers the ability to execute purchases or sales on tight bid-offer spreads. Tight spreads are only possible when there is enough critical mass or trading volume created by a substantial number of market participants with interest at all price levels.
The CME’s micro product for Bitcoin that lowers nominal margin requirements could have an explosive impact on liquidity. The bottom line is that lower capital requirements make the market available to a growing addressable market, translating to increased liquidity. Liquidity measures include volume and open interest, the total number of open long and short positions in the futures contract.
Moreover, increasing liquidity often causes price volatility to decline. We witnessed this in the natural gas futures ( NG1! ) arena, which began trading in 1990 on the CME’s NYMEX division. The price ranged from 1990 through 2005 was from $1.02 to $15.65 per MMBtu, and the price action was wild at times. Over the first fifteen years of trading, the highest-level open interest ever reached was below 600,000 contracts. As the market matured and liquidity grew, open interest rose to over 1.6 million contracts. Over the past twelve years, increased liquidity led to a significant decline in price variance.
Please continue reading the full article using the link below.
Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This post does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.