BTCUSD global viewThere is a three-wave correction. We are in wave A, as it can be seen five-wave movement. Wave A5 can finish in zone of strong resistance 5000-6000. Going to this zone will also serve as a confirmation of the five-wave movement of wave A. For wave C, the strong resistance zone will be 2000-6000. More accurate figures will be seen in the course of the wave motion.
Global
GDOW: Global Dow Limit Down all over the WorldGlobal Dow: GDOW Limit Down Across the World
The pattern here is similar to GOOG (without the double tops)
and shows how all major market indices have fallen under the
spell of the high-tech mantra. What's good for Google is good
for the world, well, world markets anyway.
Critical support for this index lies at 2967. The low so far is
2276 today. Come what may later today, this index has to
hold closing values at 2967.
It's probing the lower parallel and whilst it holds up the Global
Dow (and therefore all major markets too) has a good chance
of rallying from here, the perfect spot.
But the 2967 level is effectively limit down for the Global
Dow. A close below here will tip this index back into bear
territory again, forcing back down to 2920 to begin with and
then after a small counter-rally back down to 2887 at least
and then most likely back to 2802.
2018 - JANUARY RESULTSGreat month! Keeping a trading journal here at TV is one of the greatest idea I tried to apply. Account went up very nicely in 2017, and 2018 is starting well alike with no FAIL trade so far.
Keep in mind trading is merciless so what's work now can be useless in a few weeks... That's why I worked on TMS for years now.
OTK Trade
GBPUSD +330 pips / +1.98%
USDJPY +166 pips / +0.86%
USDCAD +143 pips / +0.57%
NZDUSD +176 pips / +1.65%
AUDUSD +152 pips / +1.05%
BTCUSD +242 pips / +1.16%
COUBERTAIN Trade
AUDNZD +38 pips / +0.27%
EURAUD +100 pips / +0.47%
EURGBP +58 pips / +0.45%
COPPER +250 pips / +0.49%
ONGOING Trade
EURAUD
CADNZD
GBPAUD x2 +142 pips / +0.47%
AUDCHF
EURJPY +75 pips / +0.43%
GBPJPY
EURNZD +39 pips / +0.13%
WHEAT +22 pips / +0.11%
NZDJPY +16 pips / +0.13%
DOWG: Dow Global: All major markets positive whilst above 2950DOWG: Dow Global This index is extremely useful as confirmation/back-up for all other major market trades as it's so free of false signals compared to Nasdaq for example. It's just tested and bounced from near term support at 2950 today. Whilst above here major markets across the world will remain positive. It's that simple on this index. That's why it's so damn useful. Hope you find it helpful!
12/07/2017 FTSE AnalysisAfter Yellen declaration, the global rally pushes the price up to an important level.
Long Russian Stock MarketDeep in my heart I am a contrarian. Whether its investing or anything else, usually I like to take the opposite side of the consensus. For this reason, I have been attracted to the Russian stock market for a couple of years. I'm a big reader of Jim Rogers, and I listen to any new YouTube video he appears, and he initially got me started in Russia in 2015.
With Russia hated by so many in the US, its easy to miss the great investing opportunities in Russia. For starters, their market PE ratio is only 5.67, compared to the US 27. Secondly, Russia has a ton of agricultural land that is poised for growth and innovation. I am trying to find a way to play Russian Agriculture specifically, but as of right now, I haven't found a reliable answer. If one of y'all has any ideas, please let me know!
Nevertheless, looking at the weekly charts, RSX has been beaten up since 2011.However, RSX did just break its 200 MA in a bullish manner, so I took the long side at 20.78 with a stop loss at 19.31, I am currently risking 0.50% of my capital on this trade. I have moved up my stop a little bit as the share price rises.
Regardless of what happens to Russia, I am very comfortable with this trade and expect it to deliver asymmetric results. If not, I lose less than 1% of my capital.
All the best,
RC
MARKET EMOTIONSONLY TRADER CAN FEEL THAT RANGE OF EMOTION
Soon we will see the most interesting things;)
GLOBALSTAR TEXTBOOK BREAKOUT SHOOTING FOR THE SKYBeautiful textbook breakout out of an corrective wedge after an initial impuls higher.
We formed a nice bottom and correction seems to be over, we broke impulsivley higher above the all important 1.50 area.
Look for a small corrective move towards 1.50 enter with a tight stop at 1.35 and let the market do the work for you.
I love this setup.
Risk:Reward = 1:5
TRUMP Victory-Calling all Hedge Funds - LMT to the Moon-FusionThis is mostly technical analysis based on projected world events.
LMT is a great company period. When it comes to business, if APPL was run like LMT, APPL would be much better than what it is today.
Why?
1) World conflict will intensify - and be dragged on.
2) Fusion reactor will be deploy-able around the continental US in 2020 ( thu this is a rough prediction as GT can not pinpoint the exact date just yet, the date will be a business model driven decision - 80%)
Lockheed Martin is run like a well built machine, aside N. Fusion this company is developing A.I. that is not just impressive, but,.... . And other units are a prime example(like its biological) of how well this company is doing.
TRUMP will increase spending with this corporation.
To the moon Alice!
NIKKEI 225 : Dual Patterns Cypher & Gartley Just looked at global indexes and came across these patterns. Both Patterns are almost near to X levels. So ultimately risk will be reduced very much.
Note :
1) RSI is completely oversold in single digits
2) Though I am posting now, Idea will be shown from next candle which is after 4hrs and at that time scene can be different & patterns can be invalid. But right now while I am posting Patterns are valid to trade.
Its just an idea and I don't trade JPN225 (Nikkei 225) so please check your trade plan before trading
Happy Trading !
S&P IdeaIf we check INDEX:SPX supports we can see that the vertical trend is already broken but it's still doing some bullish movements.
We can also check that every October since 2013 were some kind of buttom and after that a rally till winter of more than 10% and less than 15% so... My bet is this.
S&P will go till 2130 by the end of the year and after that, double top and go down to hell to finish breaking this long term trend.
Regards.
Early signs of a trend reversal?This steep market decline in the S&P500 requires a lot of attention! until there is clarity speculation about the depth of the correction will prevail.
The Good
La st week the U.S. economy showed good signs of job creation, CPI index at 0.1%, housing starts were strong.
The bad
The conference broad still expect moderate economic growth, building permits plummeted, the S&P 500 earnings growth are plummeting.
Fed Raise?
I have two opinions on why the Fed might be biased to raise rates this September, and why it might not?
Why it might do?
Clearly the Fed won't raise rates with many bps, it said if it does, it will raise it gradually in accommodation with the economic performance. Such raise won't necessarily make credit harder to get, as it will be still considered as CHEAP money. Another reason maybe be due to Fed's credibility related issues. Yellen has been saying that raising rates decision will be based on consistent job growth and inflation figures, and both have been printing figures that are in tandem with her basis for the final decision, if she doesn't do as she said, the Fed might lose credibility (a true asset they need). Capital migration from everywhere to the US shall boost inflation and asset prices for homes and other goods, it might also help in filling the budget gap. Also plunging oil prices is causing fuel driven companies to save more and hold reserve cash that they clearly do not know what to do with, that will cause wages to increase and by that boosting the economy.
Why it might not raise?
If global markets are poised to go for recessions like China for example, this might drag the U.S. again into the swirl. Falling oil prices are dampening inflation globally, in a time where the Fed is ahead of global central banks in the deleveraging process. With China de-valuating the Yuan, a new time for currency wars began, and many other countries in the EM markets may follow the act, sending the U.S. dollar stronger and hurting American exports. Looking at Gold prices everyone is shifting their money into the safe haven metal, as gold returned into the green candle territory. There are many other global economic risks that signal that the U.S. should not take the road of deleveraging all alone.
Breaking resistance level.
I have been waiting for a break out of the 1.15 or the 1.04 level since January of this year and the pair finally did. The pair finally created a daily green candle closing above the 1.15 key resistance level. This puts my bias on the bullish side, but given the fundamental risks that the Fed might raise interest rates very soon, I believe that there is a high possibility of a fake breakout due to the divergence in technicals and fundamentals. To look further, the pair has been printing higher lows since March, then found a rejected triple bottom (3 blue circles) at 1.08. The final bottom was on the 5th of August and was followed by a rebound to touch the 1.170 figure. Now if prices are to continue with the uptrend and continue to trade above the 200 daily moving average (which adds to my bullish sentiment), I believe the next target should be the 1.2000 round number. But given the high market uncertainty of the near future, especially on such a volatile pair, bulls (smart money dudes) might want to see a re-test of the 1.100 figure trading at the 50 DMA. I believe that the pair will retrace from this rebound and will figure a BAT pattern to push until it reaches, 1.10 before it pulls the bullish trigger.
For now I would short the pair with a trailing stop loss, and keep the market riding with target of 1.10 but I will not set a take profit limit, in case Fed rose interest rates and prices kept falling.