SPX500 looks oversold at current levelsThe daily SPX500 looks oversold at current levels. This may cue the short-term trades to position themselves bullishly as the daily RSI normalizes.
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Stratos Trading Pty. Limited (www.fxcm.com):
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
M-oscillator
Oasis Network (ROSE)On the above 3-day chart price action has corrected over 90% since the sell signal (not shown). Now is an excellent long trade. Why?
1) You know why.
2) Price action and RSI resistance breakouts.
3) Strong regular bullish divergence.
4) Price action prints a bullish engulfing candle on the golden ratio.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: don’t know
Return: 70 cents
$SPY April 21, 2024AMEX:SPY April 21, 2024
15 Minutes.
As expected the downtrend continues.
Two issues.
It is coming to the lower parallel channel in the move.
And oscillator divergence.
I expect a retrace to 498-500 levels.
As I believe once 492-490 levels broke I will have a target of 495 which is 32% retracement for the larger move 409 to 524.
409 I have taken because for the trend change for this uptrend happened from the 348 low.
And in that move for the rise 348 to 459 AMEX:SPY retraced to 409 levels. From that low it went to 524 levels.
Hence I consider the large move from 409 to 524, 480 as a number to watch.
DELL Drops?NYSE:DELL is showing weakness. It may be lagging in its sector. With Chip stocks like AMD, NVDA, and SMCI selling off over the past weeks it comes as no surprise that other related names in the sector are showing the same signs.
DELL is showing Bearish Divergence on a weekly chart. Divergences can show weakness or strength building in the market. When price makes new highs but oscillators like RSI (Relative Strength Index) or MACD (Moving Average Convergence/Divergence) make lower highs, weakness is presenting itself.
This has moved some already but definitely has more room to go given the current market sentiment. Easy ride to $100 maybe lower, choose your contracts carefully. Observe the Volume and Open Interest on the option chain...Hint: Check June's and compare it to the rest.
Join me.
Why I Expect 200 Dollar USOIL Wti CrudeUsing momentum indicators (keltner channel) I've been watching this weekly rally and recent correction. Using the close, and the last wave, oil price could climb to astronomical levels in USD. There is a momentum shift of the correction, and the bull market for oil appears to be underway. At this pace, 200 by june is not far fetched. I expect the Dollar to lose significant strength, and costly measures enforced as an abysmal attempt to stifle inflation. Soon interest payments will become the largest expense if it hasn't already. There is much reason to worry about world markets right about now.
Larger Pattern Breakout
and here is the shift up close on the weekly:
This is not financial advice.
Avalanche (AVAX) to $380Price action has corrected 80% since the sell signal last November as is shown on the above 2-day chart. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal.
2) Both price action and RSI resistance have broken out (1-day chart below)
3) Regular bullish divergence (1-day chart below).
4) Both points 2 and 3 are also true for the BTC pair (below).
5) The target is a measured Fibonacci move to the 1.618 as it was with the last cycle.
Is it possible price action falls further? Sure.
Is it probable? No.
Good luck!
Ww
Type: trade
Risk: <6% of portfolio
Duration: 1 - 3 months
Return: 15x
1-day chart
1-day BTC pair
Wells Fargo Quietly Breaks OutStocks inched lower yesterday, but not Wells Fargo.
The first pattern on today’s chart is $58. WFC was trapped below that level since March 12, but closed above it on Thursday and reached its highest level in over two years. That may suggest the bank stock is breaking out.
Second, Bollinger Band Width highlights the narrow consolidation since early April. Will that price compression give way to price expansion?
Third, WFC is back above its 21-day exponential moving average. Traders could view that as evidence of a bullish trend. MACD is also trying to turn higher.
Finally, there have been some positive news events. The Office of the Comptroller of the Currency (OCC) terminated a cease-and-desist order on February 15 and earnings beat estimates on April 12. (The stock initially dropped but advanced this week.)
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DAX bears lose control following Israel's retaliationThe DAX dropped following the news that Israel retaliated for Iran's attack over the weekend. However, the bears seem to have lost control, with the hourly charge at a crossroads.
The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend.
The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
$SPY April 19 2024AMEX:SPY April 19 2024
Strength is only above 515+- at the moment.
Today 497 should break and probably AMEX:SPY will touch 4892no 94 levels being 100 average in the daily.
In 15 minutes we have 100 averages at 504 and 200 averages at 50 levels.
Both will be resisted at least once.
For the day I will go short around 502 levels on a gap up or below 497 on a gap down.
Provided the opening is around those levels and close of the bar near the low so can have the high of the bar a SL.
Bias. Downside towards 492 levels.
At the moment holding 492 +- 2 level is very important.
FIO Protocol (FIO)On the above 3-day chart price action has corrected over 90% since the sell signal April 2021 (not shown) at 50 cents. Today is great long opportunity. Why?
1) You know why.
2) RSI and price action resistance breakout.
3) Strong bullish divergence. Multiple oscillators print positive divergence with price action over an extended period.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Will say elsewhere
USD/JPY Eyeing 1990 HighsThe USD/JPY currency pair recently refreshed multi-decade highs of ¥154.79, a move probing offers at channel resistance, taken from the high of ¥125.85. With resistance lacking here, this not only helps pave the way to test the mettle of ¥160.20 (highs from as far back as the 1990s) but also increases concerns about an intervention from the Bank of Japan (BoJ).
While bulls are still firmly at the wheel, and further upside could be seen towards the ¥160ish area, a correction and retest of neighbouring support at ¥150.80 or even the recently breached channel resistance could still play out before attempting higher terrain. Another consideration worth taking on board, of course, is the Relative Strength Index (RSI) forming early signs of negative divergence.
BTCUSDT1. Bitcoin has given us 3 fractals and examples on how to counter trend sediment.
2. Max Fear in bull Markets are unbelievable entry points.
3. We have many huge bids at $57k-59k that will never be filled IMO.
4. Market will take off as in last 3 examples leaving buyers behind.
5. 2.1B Short Liquidations above us will give us great fuel to restart this run.
Why I Think EURUSD Will Buy This Week...Technical AnalysisHey Rich Friends,
I think EU will be buying this week. Please remember that this is only a technical analysis, so check the news and cross-reference your chart and indicators. Here is what I am looking at:
- The market has already rejected a previous demand zone causing the price to continue to buy
- The 3 EMA (blue) has crossed above the 10 EMA (purple) on the H1 timeframe, which is a confirmation of a buying trend for me
- The STOCH is facing up and the fast line (blue) has already crossed above 20 and back into the shaded area.
Signals you can wait for:
- The 3 EMA (blue) to cross above the 10 EMA (purple) on the H4 timeframe.
- The slow line (orange) to cross above 20 and back into the shaded area
I entered this trade for a market execution buy and set a buy limit in the demand area.
Great luck and happy trading this week on all your trades! Let me know if you take this trade idea and how it plays out for you.
Peace and Profits,
Cha
$SPY April 18, 2024AMEX:SPY April 18, 2024
15 Minutes.
Closed shorts yesterday at 500 in SPY.
We have 494 as a daily 100 average and 21 in weekly.
At the moment I do not expect a trend change to long.
I expect any upside to be resisted around 506 levels being 50 average in 15 minutes.
If we consider the fall from 517.28 to 499.12 we have 61.8% retracement around 510 levels. It is also 200 averages in 15 minutes.
The three LL in 15 minutes had created an oscillator divergence.
Hence if we have a gap up or a relief rally towards 506 levels I will short.
1-Indicator Strategy For Beginners...The Stochastic Hey Rich Friends,
Happy Wednesday!
I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details.
Adding the STOCH to your chart:
1. Search the indicators for "STOCHASTIC" and click once to add to your chart. The only thing that I modify is the thickness of the lines but feel free to make further changes to your liking.
2. Make sure that the "indicators and financial values" option is ON. Right-click your scales, select labels, and make sure "indicators and financial values" is checkmarked.
Entry signals for a buy:
- The STOCH is facing up
- The fast line (blue) is above the slow line (orange)
- The STOCH has crossed above the 20% level, from oversold, back into the blue-shaded area
Exit the trade or take profit once the STOCH has crossed back below the 80% level, from overbought, into the blue-shaded area.
Entry Signals for a sell:
- The STOCH is facing down
- The slow line (orange) is above the fast line (blue)
- The STOCH has crossed below the 80% level, from overbought, back into the blue shaded area
Exit the trade or take profit once the STOCH has crossed back above the 20% level, from oversold, into the blue-shaded area.
I hope that this video helps someone become a more independent and profitable trader. Let me know in the comments if you try this strategy!
Peace and Profits,
Cha
DAX short-term traders are bullishThe DAX hourly chart is showing signs of support. However, the daily chart is still under pressure.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.