SELL XAUUSD | GCYou can sell on XAUUSD | GC after that it grabbed the LQ and target the same levels as mine.
Futurestrading
ES Futures Trade Idea: Santa Rally Expectationswww.tradingview.com
The ES futures market has maintained a bullish trajectory in 2024, with few pullbacks along the way. Currently, the futures are consolidating near All-Time Highs, setting the stage for a pivotal week ahead.
Key Catalysts to Watch
Wednesday, December 18th, 2024
FED Interest Rate Decision
Summary of Economic Projections (SEP)
FOMC Meeting
These events could provide the momentum needed to fuel a potential Santa Claus Rally. However, whether this materializes remains uncertain.
Additional Economic Data
The economic calendar this week is packed with key data releases, beginning with the preliminary Manufacturing and Services PMI readings at 8:45 AM CT today. On Tuesday, the spotlight will be on November US Retail Sales, while Thursday, December 19th, 2024, brings a flurry of critical updates, including the Bank of England (BOE) and Bank of Japan (BOJ) rate decisions, Q3 US GDP, initial jobless claims, and November existing home sales. The week concludes on Friday, with the release of the FED’s preferred Core PCE Price Index for November at 7:30 AM CT, offering fresh insights into inflation trends.
Key Levels to Watch:
Target for Bulls: 6295-6310
Line in Sand (LIS): 6045-6055
R1: 6105-6115
R2: 6145-6155
R3: 6195-6205
S1: 5970-5960
S2: 5855-5835
Key Support S3: 5735-5745
Possible Scenarios
Scenario 1: Sustained Bullish Movement and Santa Rally
In this bullish case, ES futures break out of the consolidation zone following the FED announcements. This could lead to a year-end rally with prices targeting the Fibonacci extension level at 6312.50, setting the stage for continued gains into Q1 2025.
Scenario 2: Santa Rally Followed by Pullback
Here, the FED-driven Santa rally kicks off but encounters resistance. After the initial bullish push, the market consolidates into year-end as traders await fresh inflows and sector rotations in January for the next directional move.
Both scenarios hinge on key data releases and market reaction to the FED’s guidance. Keep an eye on the Line in the Sand (LIS) at 6045–6055, as it represents a critical level for the ongoing trend.
This week’s calendar is packed with high-impact events that could drive volatility and shape the near-term outlook for ES futures. Stay prepared!
Disclaimer: The views expressed are personal opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
TP REACHED ON XAUUSD | GCEarlier this morning I posted to buy on XAUUSD | GC, and the market reached our tp with a profit of 1000$ on futures, now we'll expect the market to make a reversal to ride it again and get to a lower point.
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Currency Wars: Exploring BTC/Fiat Ripple Effects on Key Markets1. Introduction
In today's interconnected financial markets, major fiat currencies like the Euro (6E) and Yen (6J) play a critical role in influencing USD-denominated assets. The relative strength between these currencies often reflects underlying economic trends and risk sentiment, which ripple across key markets like Treasuries (ZN), Gold (GC), and Equities (ES).
However, Bitcoin (BTC), a non-traditional digital asset, introduces an interesting divergence. Unlike fiat currencies, BTC's behavior during periods of significant market stress may reveal a unique relationship to USD movements. This article explores:
The relative strength between the Euro and Yen.
Correlations between fiat currencies, BTC, and USD-denominated markets.
Whether BTC reacts similarly or differently to traditional currencies during market volatility.
By analyzing these dynamics, we aim to identify how shifts in currency strength influence assets like Treasuries while assessing BTC’s independence or alignment with fiat markets.
2. Relative Strength Between 6E and 6J
To evaluate currency dynamics, we compute the relative strength of the Euro (6E) versus the Yen (6J) as a ratio. This ratio helps identify which currency is outperforming, providing insights into broader risk sentiment and market direction.
Another way to think of this ratio would be to use the RY1! Ticker symbol which represents the Euro/Japanese Yen Futures contract.
Correlation Heatmaps
The correlation heatmaps below highlight relationships between:
o Currencies: Euro (6E), Yen (6J), and Bitcoin (BTC).
o USD-Denominated Markets: Treasuries (ZN), S&P 500 (ES), Crude Oil (CL), Gold (GC), and Corn (ZC).
o Key Observations (Daily Timeframe):
The 6J (Yen) shows a positive correlation with Treasuries (ZN), supporting its traditional role as a safe-haven currency.
Bitcoin (BTC) demonstrates mixed relationships across assets, showing signs of divergence compared to fiat currencies during specific conditions.
o Key Observations (Weekly and Monthly Timeframes):
Over longer timeframes, correlations between 6E and markets like Gold (GC) strengthen, while the Yen's (6J) correlation with Treasuries becomes more pronounced.
BTC correlations remain unstable, suggesting Bitcoin behaves differently than traditional fiat currencies, particularly in stress periods.
3. BTC Divergence: Behavior During Significant Moves
To assess BTC's behavior during stress periods, we identify significant moves (beyond a predefined threshold) in the Euro (6E) and Yen (6J). Using scatter plots, we plot BTC returns against these currency moves:
BTC vs 6E (Euro):
BTC returns show occasional alignment with Euro movements but also exhibit non-linear patterns. For instance, during sharp Euro declines, BTC has at times remained resilient, highlighting its decoupling from fiat.
BTC vs 6J (Yen):
BTC's reaction to Yen strength/weakness appears more random, lacking a clear pattern. This further underscores BTC’s independence from traditional fiat dynamics, even as Yen strength typically aligns with safe-haven asset flows.
The scatter plots reveal that while fiat currencies like the Euro and Yen maintain consistent relationships with USD-denominated markets, Bitcoin exhibits periods of divergence, particularly during extreme stress events.
4. Focus on Treasury Futures (ZN)
Treasury Futures (ZN) are among the most responsive assets to currency shifts due to their role as a safe-haven instrument during economic uncertainty. Treasury prices often rise when risk aversion drives investors to seek safer assets, particularly when fiat currencies like the Yen (6J) strengthen.
6E/6J Influence on ZN
From the correlation heatmaps:
The Yen (6J) maintains a positive correlation with ZN prices, particularly during periods of market stress.
The Euro (6E) exhibits a moderate correlation, with fluctuations largely dependent on economic events affecting Eurozone stability.
When relative strength shifts in favor of the Yen (6J) over the Euro (6E), Treasury Futures often attract increased demand, reflecting investor flight-to-safety dynamics.
Forward-Looking Trade Idea
Given the above insights, here’s a hypothetical trade idea focusing on 10-Year Treasury Futures (ZN):
Trade Direction: Long Treasury Futures to capitalize on potential safe-haven flows.
Entry Price: 109’29
Target Price: 111’28
Stop Loss: 109’09
Potential for Reward: 126 ticks = $1,968.75
Potential for Risk: 40 ticks = $625
Reward-to-Risk Ratio: 3.15:1
Tick Value: 1/2 of 1/32 of one point (0.015625) = $15.625
Required margin: $2,000 per contract
This trade setup anticipates ZN’s upward momentum if the Yen continues to outperform the Euro or if broader risk-off sentiment triggers demand for Treasuries.
5. Risk Management Importance
Trading currency-driven assets like Treasury Futures or Bitcoin requires a disciplined approach to risk management due to their volatility and sensitivity to macroeconomic shifts. Key considerations include:
a. Stop-Loss Orders:
Always use stop-loss levels to limit downside exposure, especially when markets react sharply to currency moves or unexpected news.
b. Position Sizing:
Adjust position size to match market volatility.
c. Monitor Relative Strength:
Continuously track the 6E/6J ratio to identify shifts in currency strength that could signal changes in safe-haven flows or BTC behavior.
d. Non-Correlated Strategies:
Incorporate BTC into portfolios as a non-correlated asset, especially when fiat currencies exhibit linear correlations with traditional markets.
By implementing proper risk management techniques, traders can navigate the ripple effects of currency moves on markets like Treasuries and Bitcoin.
6. Conclusion
The relative strength between the Euro (6E) and Yen (6J) provides critical insights into the broader market environment, particularly during periods of stress. As shown:
Treasury Futures (ZN): Highly sensitive to Yen strength due to its safe-haven role.
Bitcoin (BTC): Demonstrates unique divergence from fiat currencies, reinforcing its role as a non-traditional asset during volatility.
By analyzing correlations and BTC’s reaction to currency moves, traders can better anticipate opportunities in USD-denominated markets and identify divergence points that signal market shifts.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
BUY XAUUSD | GC Been a while since I last posted a trade, today I’m sharing with you this trade on XAUUSD that you can take with the same TP/SL as mine.
Follow for more trades and let me know ik the comments which market you want me to post an trades on!
Wagyuswap ($WAGYU/USDT) MAX POTENTIAL PREDICTIONCurrent Situation:
The Wagyuswap price currently sits at $0.0009969, indicating a significant decline from its historical all-time high (ATH). The technical chart shows clear historical price action where the market witnessed substantial upward momentum in the past. Volume remains moderate, which suggests liquidity but also reflects the cautious sentiment of current investors.
Key Resistance Levels:
$0.1326939 – Initial resistance.
$0.3240766 – Strong psychological barrier.
$1.3830605 – Key mid-term resistance.
$2.7354979 – Previous ATH level, which marks the peak price potential.
Maximum Price Potential:
According to the chart and analysis, $3.0759730 is projected as a maximum possible surge in price ( 275,802% increase ). This aligns with the potential recovery to the previous all-time high and beyond, provided market sentiment turns hyper-bullish.
Investment Prognosis (simulation):
If you invest $1,000 today at the current price of $0.0009969 , and Wagyuswap reaches the maximum projected price of $3.0759730 , the calculation is as follows:
Number of WAGYU Tokens Purchased (simulation):
WAGYU
Tokens= $0.0009969 * $1,000 ≈ 1,003,100 WAGYU
Value at Maximum Potential:
Future Value=
1,003,100 × 3.0759730 ≈ $3,086,000
Summary & Conclusion:
Wagyuswap has significant upside potential if it manages to retest its previous ATH or surpass it, with a projected maximum target of $3.0759730.
An investment of $1,000 today could theoretically yield over $3 million if Wagyuswap reaches this level.
This prognosis represents a maximal price potential, requiring ideal market conditions, strong community hype, and significant trading momentum to materialize.
While this analysis demonstrates the possibility of extraordinary returns, investors must exercise caution, as the crypto market is highly volatile, and such exponential gains come with substantial risks.
This is not a financial advice. DYOR! It is just a simulation.
Nifty back to bull controllhi Traders,
Weekly the swing had a correction of 38%.
The daily time frame's Inverted H&S pattern is a confirmation of the trend change(from correction to impulse wave)
Nifty 50 will make a move from 500 to 1500 points till the previous high of the weekly swing.
The targets are mentioned in the chat.
As we have 14days to expiry, there is enough time to hit target 1. Interested traders buy ATM CALL option or FUTURES
sbull.co
SELL HAS ENGAGED on EUROXThe DXY is breaking BULLISH causing EURO to SELL as I stated earlier. Stop Hunts happen. Always stay with the play!
Gold Correction is going on ?Right now, gold is taking FVG, which has been reaming for many days. After that, gold will be stronger and more bullish.
Powerful Signal for Buy On ZB1As you can see from the chart, the price right now is in a strong support zone, with a Red squeeze candle (spring box). And we are likely to see a significant explosion in price to the 119 levels.
LDO superbThat's the specialty of an alt coin. It pumps and dumps with good pricing. Only thing is you need the right aids to get into a trade. You can clearly see how 7-star has printed both buy and sell prints on LDO.
We can expect another 5% and more to fall
DYOR
For indicator access, you can contact me.
ES potential short term top After roughly 90 days of upside, ES has now hit a Fib extension resistance on a larger scale. The Ideal scenario would be a retracement of some smaller fibs at target #1, then finally a retest of big support at target #2.
Gold Futures Trade Idea
Gold futures have broken out of multi-year resistance levels and are trading near all-time highs. After trending higher for most of 2024, the focus shifts to where prices will move in 2025 and the remaining weeks of the year.
Several macroeconomic factors will influence gold's trajectory, including:
1. Geopolitical landscape
2. Interest rates and inflation outlook
3. Supply and demand dynamics
In the next two weeks, significant data points and economic events will shape the market. Central banks worldwide are set to adjust interest rates. The CME FedWatch Tool indicates that the Federal Reserve is expected to cut rates by 25 bps on December 18, 2024. Key considerations will include any shift in language about future rate cuts and the dot plot from the upcoming meeting. Additionally, the U.S. CPI report, due Wednesday, will be closely watched.
Key Levels to Watch:
Line in the Sand (LIS): 2673.80–2684.50
Resistance: 2740–2760
Support: 2552.50–2566.80
Three Possible Scenarios for Gold Futures Prices:
1. Bullish Break Above LIS:
A breakout and sustained hold above the LIS could push prices higher toward resistance levels. This scenario might be driven by softer CPI data on Wednesday and the Federal Reserve's dovish stance, including potential future rate cuts. A lower inflation environment could provide further tailwinds for gold.
2. Pullback Toward Support:
If prices break and hold below the LIS, clearing recent consolidation lows around 2630, a decline toward the support zone is likely. This scenario aligns with persistent inflation, leading to a "higher for longer" interest rate environment in 2025. Additionally, easing geopolitical tensions under the new U.S. administration could shift focus toward domestic policies, potentially reducing gold's safe-haven appeal.
3. Range-Bound Price Action:
Gold prices could consolidate near current highs, trading within a range below all-time highs. This scenario reflects a lack of decisive inflows or outflows, with market participants waiting for clearer cues to shape the price trajectory in 2025.
As the year concludes, the interplay between macroeconomic factors and technical levels will determine whether gold continues its upward momentum, retraces to support, or stabilizes in a range. Stay tuned for key economic releases to guide near-term price action.
Disclaimer: The views expressed are personal opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
Intraday Levels for Nasdaq 100 Futures - 12/09/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Intraday Levels for Nasdaq 100 Futures - 12/06/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Intraday Levels for Nasdaq 100 Futures - 12/05/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Intraday Levels for Nasdaq 100 FuturesThis analysis highlights key Support zones for intraday trading, based on the provided chart.
Analysis
The Nasdaq 100 has reached its all-time highs, meaning there are currently no technical resistances above the current levels. However, we can identify some support zones where the price might bounce or reverse.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
TradeCityPro | EURCAD Analysis Reaching the Daily Box Target👋 Welcome to the TradeCityPro channel!
Let’s dive into the forex market and analyze this popular pair, outlining key triggers for trading this week.
🌍 Fundamental Overview
EURCAD reflects the economic interplay between the Eurozone and Canada, influenced by:
🇪🇺 Eurozone Fundamentals (EUR):
ECB Policies: The European Central Bank's monetary stance (hawkish or dovish) significantly impacts the Euro’s strength.
🇨🇦 Canadian Dollar Fundamentals (CAD):
Oil Prices: CAD is sensitive to oil fluctuations due to Canada’s major oil exports. Rising oil prices typically strengthen the CAD.
Geopolitical tensions, trade balances, and global risk sentiment often sway EURCAD. The Euro acts as a reserve currency, while the CAD is risk-sensitive.
🕒 4-Hour Time Frame
1.4888 is the critical resistance, marking the top of the daily box (1.4888–1.5171). After breaking this level, the pair hit its target at 1.4556, a significant support level. The rejection at this resistance highlights its importance.
The 1.4731 level, broken yesterday but reclaimed today, offers a potential trigger for entries.
📉 Short Position Trigger
clear short trigger exists below 1.4731. Breaking this support could lead to further downside, targeting 1.4556.
📈 Long Position Trigger
While momentum-driven long entries are possible if the RSI enters overbought, a more reliable entry comes from consolidating within the current range or forming higher highs and lows.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
VELAS IS IN THE PROGRESS - TO THE TOP, WHERE IT BELONGSDescending Triangle Pattern:
A bearish continuation pattern is forming, typically indicating potential further downside if it breaks below the horizontal support. However, a breakout above the descending resistance could invalidate this pattern and indicate bullish momentum.
Support and Resistance Levels:
Support Levels:
$0.0075: A critical support zone. A break below this level could lead to significant downward momentum.
$0.0052: The next potential target for bearish continuation.
Resistance Levels:
$0.0165: Key resistance from the descending triangle trendline.
$0.0202 and $0.0251: Potential targets for a bullish breakout.
$0.0338: A major long-term resistance level.
Indicators:
RSI (Relative Strength Index):
RSI is hovering near 44, showing a neutral to slightly bearish sentiment. A move below 30 would indicate oversold conditions, while crossing above 50 could signal bullish momentum.
Stochastic Oscillator:
Currently near oversold territory (15.97), suggesting the potential for a bullish reversal in the short term.
VMACD (Visual MACD):
Divergences observed on the chart indicate a potential bullish reversal. Pay attention to the crossover points.
Market Sentiment:
The ongoing consolidation within the triangle suggests indecision in the market. A clear breakout or breakdown will dictate the next directional move.
Trading Plan
Entry Strategy:
IMMEDIATELY
Exit Strategy:
When you feel good about it :)
Corn Futures: New All Time Highs Ahead 10x potential CBOT:ZC1! Straight forward MACRO LONG to new ALL TIME HIGH. Easy 2x upside to previous all time high within a year and 5-10x upside within the next couple of years. There is a huge fair value gap or unbalanced zone to the upside (yellow) to be filled. The 3 month chart has finally started to show signs of reversal as price retraced to a key high volume zone (gray) and printed a bullish hammer candle.
Weekly timeframe is lacking strength and looking like it wants to retest the low $400's. Rather wait for a further retrace or jump in upon a break of previous highs.
Timeframes and Correlations in Multi-Asset Markets1. Introduction
Understanding correlations across timeframes is essential for traders and investors managing diverse portfolios. Correlations measure how closely the price movements of two assets align, revealing valuable insights into market relationships. However, these relationships often vary based on the timeframe analyzed, with daily, weekly, and monthly perspectives capturing unique dynamics.
This article delves into how correlations evolve across timeframes, explores their underlying drivers, and examines real-world examples involving multi-asset instruments such as equities, bonds, commodities, and cryptocurrencies. By focusing on these key timeframes, traders can identify meaningful trends, manage risks, and make better-informed decisions.
2. Timeframe Aggregation Effect
Correlations vary significantly depending on the aggregation level of data:
Daily Timeframe: Reflects short-term price movements dominated by noise and intraday volatility. Daily correlations often show weaker relationships as asset prices react to idiosyncratic or local factors.
Weekly Timeframe: Aggregates daily movements, smoothing out noise and capturing medium-term relationships. Correlations tend to increase as patterns emerge over several days.
Monthly Timeframe: Represents long-term trends influenced by macroeconomic factors, smoothing out daily and weekly fluctuations. At this level, correlations reflect systemic relationships driven by broader forces like interest rates, inflation, or global risk sentiment.
Example: The correlation between ES (S&P 500 Futures) and BTC (Bitcoin Futures) may appear weak on a daily timeframe due to high BTC volatility. However, their monthly correlation might strengthen, aligning during broader risk-on periods fueled by Federal Reserve easing cycles.
3. Smoothing of Volatility Across Timeframes
Shorter timeframes tend to exhibit lower correlations due to the dominance of short-term volatility and market noise. These random fluctuations often obscure deeper, more structural relationships. As the timeframe extends, volatility smooths out, revealing clearer correlations between assets.
Example:
ZN (10-Year Treasuries) and GC (Gold Futures) exhibit a weaker correlation on a daily basis because they react differently to intraday events. However, over monthly timeframes, their correlation strengthens due to shared drivers like inflation expectations and central bank policies.
By aggregating data over weeks or months, traders can focus on meaningful relationships rather than being misled by short-term market randomness.
4. Market Dynamics at Different Frequencies
Market drivers vary depending on the asset type and the timeframe analyzed. While short-term correlations often reflect immediate market reactions, longer-term correlations align with broader economic forces:
Equities (ES - S&P 500 Futures): Correlations with other assets are driven by growth expectations, earnings reports, and investor sentiment. These factors fluctuate daily but align more strongly with macroeconomic trends over longer timeframes.
Cryptocurrencies (BTC - Bitcoin Futures): Highly speculative and volatile in the short term, BTC exhibits weak daily correlations with traditional assets. However, its monthly correlations can strengthen with risk-on/risk-off sentiment, particularly in liquidity-driven environments.
Safe-Havens (ZN - Treasuries and GC - Gold Futures): On daily timeframes, these assets may respond differently to specific events. Over weeks or months, correlations align more closely due to shared reactions to systemic risk factors like interest rates or geopolitical tensions.
Example: During periods of market stress, ZN and GC may show stronger weekly or monthly correlations as investors seek safe-haven assets. Conversely, daily correlations might be weak as each asset responds to its unique set of triggers.
5. Case Studies
To illustrate the impact of timeframes on correlations, let’s analyze a few key asset relationships:
o BTC (Bitcoin Futures) and ES (S&P 500 Futures):
Daily: The correlation is typically weak (around 0.28) due to BTC’s high volatility and idiosyncratic behavior.
Weekly/Monthly: During periods of broad market optimism, BTC and ES may align more closely (0.41), reflecting shared exposure to investor risk appetite.
o ZN (10-Year Treasuries) and GC (Gold Futures):
Daily: These assets often show weak or moderate correlation (around 0.39), depending on intraday drivers.
Weekly/Monthly: An improved correlation (0.41) emerges due to their mutual role as hedges against inflation and monetary uncertainty.
o 6J (Japanese Yen Futures) and ZN (10-Year Treasuries):
Daily: Correlation moderate (around 0.53).
Weekly/Monthly: Correlation strengthens (0.74) as both assets reflect broader safe-haven sentiment, particularly during periods of global economic uncertainty.
These case studies demonstrate how timeframe selection impacts the interpretation of correlations and highlights the importance of analyzing relationships within the appropriate context.
6. Conclusion
Correlations are not static; they evolve based on the timeframe and underlying market drivers. Short-term correlations often reflect noise and idiosyncratic volatility, while longer-term correlations align with structural trends and macroeconomic factors. By understanding how correlations change across daily, weekly, and monthly timeframes, traders can identify meaningful relationships and build more resilient strategies.
The aggregation of timeframes also reveals diversification opportunities and risk factors that may not be apparent in shorter-term analyses. With this knowledge, market participants can better align their portfolios with prevailing market conditions, adapting their strategies to maximize performance and mitigate risk.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
GOLD Weekly Outlook Nov. 24, 2024Gold has aggressively bought up into now a premium level to finally begin to send price lower. Staying with my initial bias, that we have indeed capped the high of the year for Gold given the fact that it has bought aggressively the entire year and must now form the closing wick for 2024 trading year.
For the upcoming week I'm anticipating rejections out of the imbalances currently above price and the daily order block currently above price. I would love to see Monday range and either Tuesday or Wednesday manipulate that range. Looking at the Economic Calendar I see that the first significant High Impact news event occurs on Wednesday (Unemployment Claims 8:30am, and FOMC Minutes 2:00pm). so I would like to see that day either manipulate or be a continuation day from a Tuesday manipulation. If you have any questions regarding this analysis or outlook, feel free to send me a message here or on my other socials. Thanks.
BUY NASDAQYou can buy on NASDAQ | NQ1! | NAS100 with the same levels as I placed on the chart!
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