Get started

Harvey

HVN - Harvey Norman Bears come out to play? - Short IdeaHarvey Norman another stock looking to blow off some steam after a nice Covid bull run. High demand in online shopping sector combined with the Covid lockdowns and agreements with BNPL companies saw nice 160% Gains for Harvey Norman. However The bears look to be in control here and we should be able to pick up some solid gains within the correction phase by going short. Currently price is rejecting off the 100 day MA on the daily chart and Relative strength index is in oversold territory. Given new outbreaks in Australia and short lockdowns in Victoria (Which may go longer) We may see a change to the upside. Again another stock which i feel is in need of a solid correction. I'm chasing the gap fill here My Long term target is set. Where's yours? As always tight stops! Manage your position and review it. My position will change long to short multiple times over the duration of any correction depending on risk reward ratio of course :) I AM NOT A FINANCIAL ADVISOR- I LOOSE 100% OF MY TRADES IF I DON'T PAY ATTENTION & STICK TO MY TRADE PLAN - YOU WILL TOO!!! Tight Stops and big profs - Happy Trading :) Opinions and advice welcome :)
ASX:HVNShort
by TMR-Trading
Kim Jong Un pushes nuclear gas pedal as seek for tradeoffsSurprising detonation of H bomb by North Korea on Sunday halted a short period of market ease, heaping up investors in the safe heavens and leading to dollar rout. The impact of nuclear blasts as a factor of uncertainty can not be overstated, as the DPRK steps up its nuclear program despite the trade blockade and harsh criticism of the United States, Japan and South Korea. Questioning nuclear war dilemma of Henry Morgenthau and in best traditions of Soviet Union’s Xruschev nuclear threats and squabble seem to be the only tool for Kim Jong Un to conduct foreign policy. Being on the verge, there is no guarantee that he won’t start a real war. Officials from the United States, Japan and South Korea have repeatedly encouraged nonviolent approach to curb tensions, but Kim Jong-un is likely to advance in its program to seek better tradeoffs in case of a parley. South Korea has data that North Korean leader is going to launch an intercontinental ballistic missile capable of carrying a nuclear charge. Uncertainty led the curve of the value of gold to a maximum since September 2016, then a pullback came in, as it stumbled upon resistance forces. Futures for gold peaked at $1,443.86 per troy ounce during London start. Escape from risk led Asian stock markets selloff, except China, which closed Monday in positive territory thanks to the successful action of the Chinese government to stabilize the economy economically and reduce the share of debt financing. European stocks are also experiencing an outflow of investors mainly because of the geopolitical factor, as well as growing risk-aversion before the ECB meeting on September 6. Despite the fact that September was considered a long-awaited month when Mario Draghi will give specifics about tapering off the QE, most experts of the Reuters expect a turning-point decision only in October, and the policy change should proceed exceptionally smoothly. EURUSD added about half a percent, as weak data on the US labor market released on Friday put a dent on investor confidence in the US economy. Wage growth, a precursor of inflationary changes, amounted to only 0.1%, which allows us to expect the US economy will begin the fourth quarter with unsatisfactory inflation. The increase in jobs was also disappointing, as it turned out to be below forecasts. Unemployment rose from 4.3% to 4.4%, but this change can not be interpreted unambiguously positively or negatively, as employment in the US has recently shown a weak connection with inflation. The futures market estimates the probability of a rate hike in December at 37.3%. Oil prices move in different directions, WTI finally began to win back losses after the hurricane Harvey, the most powerful in 12 years, paralyzed oil refining and drilling capacities near the largest fields in the US. Brent went into decline despite Russia's statement to support the extension of the OPEC + deal. The Baker Hughes report showed that the number of drilling rigs in the US increased by 3 to 943 (+446 from the same period last year). In Canada, their number decreased by 16 to 201. Arthur Idiatulin
OANDA:XAUUSDShort
by Tickmill
Hurricane Harvey Tradeplay First and foremost, I must wish everybody caught in this horrific storm best of luck, and most importantly, safety. As to this daytrade, this is just something to watch and see how it performs. The severity of the storm warrants a spike in UVXY tomorrow morning. Me and my boys will be trading it tomorrow on our chatroom. We love UVXY. Mojodaytrading if you wanna come watch tomorrow. If it spikes, it's a good thing to journal because then you can feel confident using it in this type of situation in the future. I don't expect a gigantic spike, but good enough if you have the buying power. Plus, if you wanna play the reversal, which is a good play tomorrow, Mike has those down to a science
ULong
by alipipefitter
2