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Top Gold Trading Strategies for FridayGold continues to range, like most assets since yesterday. It seems to really be having trouble with a cluster of levels between 1737 and 1742, including Fibonacci and technical levels. Where it goes from here will depend on risk sentiment in the news, so please refer to our Ghostsquawk AI tool for updates as the day progresses. On the upside, it could hit 1753, the relative high. On the low side, watch 1705, a Fibonacci level that is really close to our psychological level of 1700. The Kovach Chande indicator (which comes with the Ghostsquawk AI package) is encroaching the high end of its oscillatory range, so this suggests we may see a retracement, even if it is just a squeeze down to 1728, where we are likely to see support.
COMEX:GC1!Long
by quantguy
Friday's Top Bond Trading StrategyBonds have rallied, but not to the extent that stocks have collapsed.  ZN has validated our position that it would rally and fall, missing our level by 10 ticks or so.  They are likely to range today, on account of the rally, and the fact that it's Friday.  Watch 138'14 and 138'27, two Fibonacci levels. The Kovach OBV is still pretty bullish, but the Chande has declined, indicating that this may be a good point of entry if you are long of bonds.  The Elliott Wave suggests that we could have a correction down to the 61.8% or 50% Fibonacci level, however.
CBOT:ZN1!
by quantguy
Best Trading Ideas for StocksYesterday we saw a prolific collapse in equities.  It appears that the risk-on exuberance has faded and the reality of persistent global issues has sunk in.  Stocks woke up from their stupor with a gigantic hangover.  We outlined all the levels of resistance well, but we admit that the extent of this selloff caught us off guard.  This is why tight stop losses are important.  After all, if you don't get a good price, it's better to let go and wait for an even better one. In the over night session, stocks have bounced back a bit after plunging through a vacuum zone, retracing June's move.  Currently, they are facing resistance at 3071, a level we have identified a while back.  After such a crash stocks are likely to try to find footing in this area.  Currently the Ghostsquawk risk sentiment is tilted to the risk-on side, but this could change on a dime.  In the larger picture, the Elliott Wave suggests that this is a reasonable retracement for an overall bull phase. Today could be very dangerous to trade.  Rather, it may be a time to pick up some stocks on discount, or add to your existing holdings.  After all, 2008 proved that some companies really are too big to fail, so now is the time to buy on dips rather than sell in a panic.
FX:SPX500
by quantguy
Just Shortened $SPCB in Favor of a $0.20 ADOM DipFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, looking at the growth rate potential of SPCB and ADOM, I think ADOM currently has more potential, and that $SPCB is still expecting a positive retracement. However, I feel like now isn't the time for diversification over growth, so I did the comparison I did. Again, just my opinion, but it is all about opportunity cost and risk/award ratios. I think the retracement pattern for ADOM may still be more bullish.
AShort
by gamer456148
WHY CAN´T I BE PROFITABLE??!!Every trader has got himself into a loosing trade. This is simply the part of this game. You will never be able to predict every move correctly. The biggest thing that separates a profitable trader from an unprofitable trader is actually not better technical analysis or more experience. The biggest factors in my opinion are trade management and risk management. These two components will have immense effect on your profitability. With good risk management you can be profitable even if you are right on less than 50% of your trades. Good risk management means you know where you should get into a trade so you can set a stop loss (which upon hitting it should invalidate your entry) relatively close to your entry. This makes your losing trades much smaller than your winning ones. And the result of this ratio will be seen in your profitability through time. On the picture above you can see how one of my last trades went. I got in on the close of the candle marked with a green arrow. The trade then quickly went against me. But with my risk management i minimized the loss by closing the position when it closed below the red support line. I also put a stop(white support line) at a level that would upon breaking very likely invalidate my my long entry. Even though i took a loss i do not regret taking that trade since taking losses here and there is a part of my strategy and it can not be otherwise. Yesterday i also posted about another trade i was playing on the s&p 500. That trade turned out perfect. And with 50% winning rate for that day i made some really nice profit simply thanks to my risk management. Here you can check out how it went You can also go check out my posts from yesterday on why i was taking those trades.
Education
by Mathsio
What is the Best Entry Price for Stocks Today?Stocks simply can't go down lately, despite pervasive risks in the markets. However, we do appear to be completing the fifth impulse in the Elliott Wave, and may see a correction, albeit a small one, soon. Additionally, we have a head and shoulders forming. Note that there is a big vacuum zone down to 3140. There are some nested Fibonacci levels in between. It seems 3176 may be a reasonable target for a long position. Note that the Kovach OBV has levelled off, while the Chande has dipped a bit, indicating a relief to the bull momentum.
OANDA:SPX500USDLong
by quantguy
Top Stock Trading Ideas for MondayStocks continue to rip and it really seems they are trying everything possible to close the Coronavirus dip. We have only 200 points more to go before reaching all time highs again. Although the S&P 500 has rallied prolifically,it is facing some consolidation which is normal after such a big move. Notice how the it found resistance exactly at our Fibonacci Extension level. If you are not paying attention to our commentary and levels, you are losing money! It is really tempting to fomo into a trade here. At least try to get in on the lower bound of the range. The Kovach OBV is still very strong but the Kovach Chande has fallen back indicating a buying opportunity.
FX:SPX500Long
by quantguy
Best Ideas for Stocks on NFP FridayStocks are absolutely crushing it, continuously making new highs. Watch for a bit of a squeeze, especially before nonfarm payrolls. As with bonds, a bumper number could set stocks rallying further, just watch for profit taking. A bad print may also be good for stocks because it would warrant more intervention from the Federal Reserve. If we do see a pullback, watch for support around 3100 from technical and Fibonacci Levels. Note that the Kovach Momentum indicators are solidly bullish so wait for a dip to enter a long if you are bullish.
FX:SPX500Long
by quantguy
Stocks Topping, but Facing ResistanceStocks hit a high in perfect alignment with the Fibonacci extension levels at 3127. Watch for a technical retracement down 3096, or the psychologically important 3100. The Kovach OBV is still strong, but the Kovach Chande shows a dip implying that this could be a good time to get long if you are still bullish of stocks. However, after such a rally a retracement or ranging period is due. The Elliott Wave suggests we will either range or have a further correction.
FX:SPX500Long
by quantguy
0.618 Fib Level Diverging 100 & 200 MA?Wow! risk on again! fantastic to see such optimism on the opening of the economies across the globe. 0.618 Extension hit if there was a point for a reversal it is now but hard to go against the risk on tone movement into 137.000 would see a potential target of 140.000 although hard to contend to with BREXIT talks resuming For the Bears I would suggest a test until the 137.400 mark SL have a look at futures trading and see what the mood is like in the EU session which is packed with news TP for this could be the 135.000 Myself I learned never get in GBP/JPY's way when its in an uptrend or you will be wiped every time.
by darrenkav25
2
EUR/NZD - Long - Bearish Reversal I always like too think the charts don't lie and with the ECB meetings tomorrow all signs point upwards. Although, despite short term success in this diverging channel for NZD that is largely due to the risk on tone across the markets. The top tier 1.82000 resistance is a potential TP with both 100 & 200 day MA looking to diverge for potential change of direction to either side the ECB news could prove a 100+ pip winner by US session. For you oscillator fans the RSI indicates its oversold but further risk on tone could see us move into range from the upside breakout earlier this year. The bearish reversal touching the bottom of the channel points to a test upside.
Long
by darrenkav25
GoNoGo Charts sees investors embracing riskOften used as a proxy for risk, the trend in the ratio between junk bonds and treasuries can be very informative. The GoNoGo Trend indicator shows that during the month of May, the ratio was able to battle out of the “NoGo” trend that it had been in since the end of January.
This ratio tends to lead stocks as it did when it signaled investors to be “Risk off” at the end of January. Interestingly, stocks rallied so quickly out of the lows in March that the JNK/TLT ratio flagged “Go” later than stocks. This tells us that investors were slow to accept that the rally was as strong as it has been. Long term, looking at a weekly chart, the GoNoGo charts show risk is still “Off”, with the GoNoGo Oscillator riding the resistance line from below.
AMEX:JNK
by GoNoGoCharts
What is the Best Way to Trade Stocks This Morning?Heavily risk-on news drove prices up to make new relative highs. Currently, they are facing resistance at the Fibonacci extension level formed by anchoring the upper and lower bound of the inverse head and shoulders from which they broke out. Watch for a retracement (morning squeeze) at least to 3078 before breaking out higher. The Kovach OBV is very overbought at this point supporting the fact that you should wait for a pullback to enter a long position.
FX:SPX500Long
by quantguy
GBP/JPY - Risk On to Start June 2020Don't be fouled by optimistic start to June 2020 be careful of any extension of current rally to the upside with obstacles approaching at 137.000 1. 200 Day - Daily MA (Blue) approaching at present testing the 100 day - Daily MA (Orange). 2. Fib Level at 0.618 will not stop Rally but potential reversal on fundamental pressure from investor attitude and BREXIT spotlight The typical weak performer GBP in the summer months has recouped from low levels of 130.000. However, reopening economies and progressive BREXIT talk will spur the rally above 137.000 Trade idea: 137.000 Entry SL 137.300 dependant on progress of the rally. Failure to beat 100 Day MA could see a short at 136.000 with SL at 136.3000
by darrenkav25
1
The Best Yield Curve Tutorial You've Ever ReadThe two year has remained relatively flat since this week's open. However it did gap up significantly. Why is the 30 year falling (see linked article) while the two year remains consistent? Bonds of different maturities care about different things. In particular, the shorter end of the spectrum cares less about the long term effects of inflation and the general position in the economic cycle than the long end. Why? Those effects will be felt less in two years than the short term effects of interest rate decisions or the sentiment about it. Conversely, the 30 year has more time to price in these factors. It has to take in the considerations above, and more. Hence why the 30 year is tumbling right now, as it's more sensitive to risk sentiment and longer term factors. Don't forget that bonds are fixed income products, meaning they pay a yield that is inversely proportional to the price. The difference between the yield at either end of the spectrum is commonly referred to as the yield curve . The yield curve could also refer to a plot of the set of all yields on treasury products of various maturities. The difference between the two ends could narrow, or flatten . It could also steepen . Furthermore, that flattening or steepening could be driven by either end. In this case it is led by the long end. Since prices are decreasing (on account of risk on sentiment), we call this a long end led bear steepener . If you liked this analysis, subscribe for more content. Also check us out at Ghost Squawk!
CBOT:ZT1!Education
by quantguy