Harmonic Patterns
COVID-19 market correlation 2020TOTAL COVID-19= Heikin Ashi Candles
Gold = Yellow line chart
EUR = Blue line chart
BTC = Orange line chart
USD = Purple line chart
OIL = White line chart
Daily Trading Cheatsheet for SuccessThis video explains exactly how we start our trading day and the process we use to condition our mind for trading success every single day.
WALL STREET (DJI)- VIRAL WINTER IS UPON US! 😨I issue a stern warning to permabulls who are on DJI! Your time is over.
The chart shows possible further break down of price.
For probably the first time in history markets are suffering supply-demand shock. That means most things that are manufactured will be in short supply and low demand. This is due to:
1. lockdowns of consumers across the whole world,
2. restricted transportation,
3. serious interruption of supply chains,
The economic impact is severe. Travel and leisure industries have been hit hard. Airlines are about to go bankrupt, automobiles sales have been damaged, there is significantly lower demand for energy (oil, gas), medical equipment and supplies for hospitals have been affected. Food supplies are running low.
The COVID-19 is has effected a VIRAL WINTER upon the whole planet. This is analogous to a 'nuclear winter' (without radiation fallout of course).
The world is 'freezing up'. It will take a long time to unfreeze. Economies of many countries are being severely damaged.
The Federal Reserve in the USA and umpteen central banks have coordinated to make monetary and fiscal interventions; throwing trillions of dollars at 'the viral effects'. This will not unfreeze the supply-demand conundrum. It simply cannot. How? Because the problem relies on real people and movement of goods, services and international trade. The USA-China trade deal is basically on hold.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
Learn These Strategies to Day Trade Against The Market!!!Key things to take away from this:
TD9 is still giving a bear market state.
Day traders can sell any selling opportunities if they think the bear is on.
Any selling opportunity will most likely to work out.
Trump's announcement called some people down. I am expecting the market to go up to set a good shorting opportunity.
Take it easy team.
See you on the next one.
~Bo Bugra
The Fed is expecting a negative cut in interest rates.The Fed is expecting a negative cut in interest rates. A week ago, I wrote about the Fed cutting the dollar rate to zero. This is exactly what my fractal analysis showed. It is therefore advisable to continue along this path. Current analysis shows that 3-month US government bond yields are ahead of further decline. This predicts a further cut in the dollar interest rate to the negative interest rate range. I also assume that the dollar will have lower interest rates (negative interest rates higher) than the euro. Therefore, in the shorter term, I expect further strengthening of the euro.
EURUSD Nov 19 - Interactive BacktestingEURUSD Nov 19 - Interactive Backtesting
13 Trades
5 Wins
6 Losses (1 reduce)
2 BE
Total gain: -1.41%
GANN master of price and timea reflection of Gann's predictions of 1929. Yes, my brain hurts to think how he could have pre-known accurate turns in time too
FED cuts interest rates to zero. FED cuts interest rates to zero. There will be no intermediate way. Radical interest rate cuts in the market. If you look at the yields on US 3 month bonds. that it was below 0.22%. The FED open market session on March 18 may have a low 50 basis point cut. Therefore, I expect dollar interest rates to either decrease to -0.5% or 0% in the US Fed.
