sp to a new LH??sp bounced twice on a monthly resistance(black dashed), now sitting between 2 weekly resistances(pink), i think it will at least retest the upper one, from there could bounce back, in that case it would be a new lower high or head to the next one above, where it will find a strong resistance area too. The move has been done with good volume, but any how the volume in the second half of September has been quite above average so doest have to be considered so hi.
short term trade 1/2 days, let's see what sunday night(cet) tells us
Markets
GRT predictionGRT price prediction. In my personal opinion one of the strongest charts in cryptoland. After a full 80% retrace and steady support at the .65-75 range I expect a lot of upside to come in the month ahead for GRT /USD. As moving averages curl and the 365day simple begins to form on a daily time frame prices will begin to push upwards. It has been slow and steady as of late as it's only about a year old. Age and moving averages work well together
Only a price prediction. Nothing to base your trades or finances upon, only ideas for the long term
Bitcoin update and potential OctoberJust another update on Bitcoin. Lot of weakness in traditional markets may bring in a bit of short term downside for crypto. May see a similar run to last year with December heating up and Jan brining in new highs.
All just predictions - Don't take this as a go to - Estimates of price action
TNX Heading Higher?Not really sure what to make of this just yet, but the 10Y yield definitely appears to be heading higher. Ironically enough, this is happening amid a #fed that is committed (at least in the near term) to maintaining low interest rates.
My guess is the Fed knows rates will rise on their own, thereby creating a competitive environment among lenders.
We will continue to watch this one; for now it looks like we are heading to test 1.75 - 1.77. Neither long, nor short for now. Let's just observe.
Current Long Micro AUD/USD FuturesIn this publication I show a drawn up trade that is currently open on my account.
I use the principles of price action, where price is in extremes through expansion and contraction.
NO squiggyly lines just pure price action is quite simple and beautiful. To me it is an art form being in touch with the charts ebbs and flows.
Before every trade I practice a discipline called objective discovery where I read bar by bar to feel the buyers and sellers emotions in each bar.
This is my first post, Im thinking of starting a continuous blog where i post live trade ideas and go through the principles of price action and swing trading.
We start the day with a EURGBP long☝️👍Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
USDCAD Short by Chief MacroLikely a very unpopular call, but I think USDCAD ultimately fails here. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike).
I have had the view for a couple of months that the dollar looks relatively weak ("accommodative") against the rest of the market. Despite a few bebe squeezes and the expected psychological volatility that comes with $DXY, I think the evidence suggests a lower dollar ahead.
USDCAD Short by Chief MacroLikely a very unpopular call, but I think USDCAD is a short. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike).
I have had the view for a couple of months that the dollar looks relatively weak ("accommodative") against the rest of the market. Despite a few bebe squeezes and the expected psychological volatility that comes with $DXY, I think the evidence suggests a lower dollar ahead.
NDX by Chief MacroWith recent news of South Korea and Hungary hiking rates (even before this news), I am starting to more seriously consider the possibility that the *rest of the world* could lead asset tapering initiatives, ahead of the US. This would allow for Emerging Markets to stabilize, amid the $Dollar-driven commodity boom, thereby setting the stage for the next several years of global macro / monetary & fiscal policy.
US Indices: Lot's of money still coming in via accommodative monetary policy and continued deficit spending, not to mention the potential (likely) for *more attractive* debt issuance, following the post-covid-stabilization of the "rest of the world".
Just an idea and a theory - but even looking at the Nasdaq, we have seem to have stabilized above a 12-year range; which is typically a bullish indicator.... oh one more nugget: the biggest companies in the world are American companies. So in a way, the US has the ability to control dollars through corporate channels not available to other countries.
$PAGS: to make you BAGS?Today we are witnessing a sharp turn around in Emerging Markets $EEM after the Jackson Hole meeting. $IWM a strong indicator of risk tolerance has seen a sharp move back up into it's middle pivot. Could the continued low rate environment and strong economy be enough to continue the rush into risk-on assets? Keep a close eye on $EWZ though (Brazil ETF in which PAGS is located) to pin point entries. On the technical side of things, keep an eye on entries in between the two trend lines in which the current candle stick is located between and stops outside of the bottom two trendlines. I'd look to scale in over the next couple of weeks and see how strong the dips in $IWM, $HYG and $EEM are to see how much continuation is possible to the upside. Good luck traders!
[GBPAUD Short] 10 August, 2021 - Roger V Trading Ideas10/08/2021
GBPAUD
Entry Resistance level idea:
1.88650 - 1.89200 Resistance
TP Support level idea:
1.86000
Final SL for all Short positions:
1.90000 Resistance Level
Comment:
12AM mid-night, a trading idea just came into Roger V's head after looking at the GBPAUD weekly chart.
- A risk that must be taken
- A Stop-loss that may happen
- A Take Profit may also happen
What would happen?
This idea basically has a very short range of stop-loss from the entry point and a wide range for the take profit.
The risk ratio of 1:3 with three higher lows with its Doji signal.
Roger V would take the risk and try for the adventure! Woo!
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Why It's Risky Holding S&P500 Stocks Right Now [VIX]Those who follow my ideas know that I am a big proponent of the VIX and how as a trader it tells me what the general "temperature" of the stock market is at a given time.
Currently, when looking at the chart and how I have set it up, we can see different areas and levels in relation to risk.
If we start with the upper levels, this is a level where SPY is extremely volatile, and looking for longs, OR shorts, is very risky as the nature of the market can literally do anything in any direction.
Just below that area we have 2 levels. One in which we are primarily looking to short stocks, and the level just above that were shorting then begins to become risky. However, if you are in any shorts or put options, this area is also very wise to take profit.
Meanwhile on the opposite end of the spectrum at the bottom we have a similar situation as the top where it is risky to be in any longs or shorts as the direction of price action could be a coin flip. But just above that we have 2 levels again.. one in which it is least risky to buy and hold stocks. It is actually the optimum level to buy stocks and hold them. This is the area where the MAJORITY of stock traders like to live. This is also the area where the majority of traders get stuck in as they confuse this level with all the levels just assuming that markets only ever go up when that is not true. There are ebbs and flows and the S&P500 volatility index beautifully illustrates that.
The best buy opportunities for the medium to long term come at this buy and hold level. This is the time where the markets are in full bull mode. It is the time where any and every stock will probably go up in price tomorrow if you bought it today. This then leads us to the next level just below that at our other take profit area. This is an area where there is EXTREME euphoria and is very dangerous to be trying to buy and hold stocks. This will be the area where smart money would be taking profits and re-weighting their portfolios.
Those are the 2 polar ends of the S&P500 volatility. So now that only leaves one level left. That level is the level we currently find ourselves at. And that is the middle range colored in blue. This is the area where it is basically neutral and the market at any time or any given moment can flip very bearish OR very bullish. I would not go as far to call it a coin flip as the volatilty at this level is relatively manageable. Which is why I personally believe that where the market is currently is NOT for retail stock traders. This is an area where if one is new to trading should be VERY careful as this, according to the chart I have outlined here, is a TRADE ONLY zone. This is NOT the area to be buying stocks with the assumptions that in the next month they are going to go up. This is a very risky area to hold either longs or shorts for extended period of times.
This is however a PERFECT area if you want to trade. The saying goes dont hate it, dont date it, just TRADE it. If you are a new trader and you are reading this and you have stocks that you are already mentally married to please take this as a warning that right now there may not be a good long term entry at the immediate moment. BUT, if you are new to trading and you must absolutely "go ape" on a stock that you love long term, try buying light positions in it slowly until the VIX returns to more optimum lower levels of volatility.
I hope this idea will help those who feel either unsure or frustrated about the state of the markets right now. 50% seem bullish and 50% seem bearish and that in and of itself is a manifestation of the nature of my blue trade zone that I have labeled. NOBODY knows which way it will go until the charts tell us. So in the meantime, I will continue to primarily trade this market only.