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Signals service stung with $727,000 compensation at court.I have long been an opponent of signals services and many other services that claim to be providing educational content - I have to declare. To avoid any issue that might breach the 'house rules', I have not named the company in question or any individuals. The Financial Conduct Authority is a legal regulatory entity (nothing to do with actual trading). The facts in this rare but important judgement are fully in the public domain. I ask the moderators to allow this post to remain so that traders can have discussions about it and exchange important information or experiences. The judgement of the Court will serve as 'lessons' for new and some seasoned traders. Signals services will become more cautious in their disclaimers. However, the courts are likely to see through their words. For one such (nameless) service not related to this post, I showed that an educator of traders would need to do no real trading at all. They would make more money from 'training' than trading. So lucrative is the business. New traders especially need to be very cautious. My opinion - which is not advice - is that new traders should stay well clear of 'services'. Why? Because new traders are vulnerable and more easily exploited. I believe there is enough free and good educational content on Tradingview. All that provides enough knowledge to get going on Tradingview's paper trading account. But knowledge is not experience or skill. Trading is not something you learn a formula about and go off to get rich. It is about discovering your true self and learning from experience. I have steadfastly refused to join 'services' who have approached me from my personal messages on Tradingview. I never provide signals. What you see is what you get and it will always be free and without obligation.
BITFINEX:BTCUSDEducation
by Captain_Walker
24
Pound continues to driftThe British pound is almost unchanged for a third straight day. Currently, GDP/USD is trading at 1.3964, up 0.07% on the day. Pound stabilizes below 1.40 The British pound is in tranquil waters this week, after the currency slid 1.5% late last week. The catalyst for the steep drop was the sharp jump in US Treasury bonds, which boosted the US dollar. However, with US Treasuries retreating, the dollar's rally has run out of steam, and GBP/USD has been trading slightly below the 1.40 level for most of the week. The UK services sector has been hard-hit by the Covid-19 pandemic, and health restrictions and the national lockdown have resulted in contraction in Services PMI for the past four months. Still, the PMI showed strong improvement in February, rising from 39.5 to 49.5 index points. This shows a degree of stability has returned to the services sector, which is just a tad below the 50-level, which separates contraction from expansion. The lockdown has resulted in pent-up consumer demand, and with the government slowly opening up the UK economy, we can expect the services sector to rise into expansion territory later in the year. Over in the US, the ADP Employment report was surprisingly weak, with a weak gain of 117 thousand. This was much lower than the previous release of 174 thousand and nowhere near the forecast of 203 thousand. The big question for investors is whether the weak ADP reading will be followed on Friday, when the official nonfarm payrolls report is released. The forecast stands at 185 thousand, and a significantly lower release could weigh on the US dollar. There is resistance just above the 1.40 level, at 1.4005. The next resistance line is at 1.4050 The first level of support is at 1.3954. Below, we find support at 1.3814. This is followed by the rising wedge at 1.3785
by OANDA
Pound continues to driftThe British pound is almost unchanged for a third straight day. Currently, GDP/USD is trading at 1.3964, up 0.07% on the day. The British pound is in tranquil waters this week, after the currency slid 1.5% late last week. The catalyst for the steep drop was the sharp jump in US Treasury bonds, which boosted the US dollar. However, with US Treasuries retreating, the dollar's rally has run out of steam, and GBP/USD has been trading slightly below the 1.40 level for most of the week. The UK services sector has been hard-hit by the Covid-19 pandemic, and health restrictions and the national lockdown have resulted in contraction in Services PMI for the past four months. Still, the PMI showed strong improvement in February, rising from 39.5 to 49.5 index points. This shows a degree of stability has returned to the services sector, which is just a tad below the 50-level, which separates contraction from expansion. The lockdown has resulted in pent-up consumer demand, and with the government slowly opening up the UK economy, we can expect the services sector to rise into expansion territory later in the year. Over in the US, the ADP Employment report was surprisingly weak, with a weak gain of 117 thousand. This was much lower than the previous release of 174 thousand and nowhere near the forecast of 203 thousand. The big question for investors is whether the weak ADP reading will be followed on Friday, when the official nonfarm payrolls report is released. The forecast stands at 185 thousand, and a significantly lower release could weigh on the US dollar. There is resistance just above the 1.40 level, at 1.4005. The next resistance line is at 1.4050 The first level of support is at 1.3954. Below, we find support at 1.3814. This is followed by the rising wedge at 1.3785
by OANDA
Price to Earnings at 6.2 I still love GPP Green Plains PartnersIn a crazy world of investing in stocks with PE around 1000, or even nonexistent dividends, I certainly love me a good ole gas transportation company with PE in single digits. I know, I know, green new deal yada yada. Well Keystone XL pipeline permit pulled could possibly mean more business for GPP. They have been recovering consistently since the covid crash, and recently issued convertible notes redeemable in the future between $23 and $30 signals confidence. In the worst case I'm looking for this to remain steadily boring with one of the best PE available. I bought the IPO and have been receiving dividends every quarter since. I feel all alone on this beautiful mountain.
GLong
by RickSmash
4
$FOOD next target up if breaks outRelatively new company delivering meals and leading the industry, covering all the P's to the T. Doing very well since Covid19. Assuming is can breakout from here and continue this run, next target would be in the 13$ range for the retracement down to be logical. If lockdowns persist, this can go higher. Winter and holidays are most definitely increasing sales and should have a good Q4 & Q1. If the meal delivery culture we've been seeing can be sustained into post pandemic society, then $Food will lead the charge.
TSX:FOODLong
by IIICENSOREDIII
Green Light on NInja/ Massive Short On CADJPYIn a recent conversation I had with a colleague, we discussed the resurgence of the Japanese currency. The strength of Japan, in the long-term rally, relies on its expansion of credit. This colludes with he fact of the already low rates for the country. Following from recent weeks, the sell off of corporate bonds for Japan is a striking message of growth towards attractiveness as long term investors see a potential for higher yields.
Short
by Amadiwochi
Will EURUSD find strength for higher values?Yesterday we saw another test at 1.19, but very sharply the price has return. This morning we see a new decrease. It closed below the previous and thus formed a double peak of H1. This may lower the price to previous levels in the 1.1700 range. Today is an important day for EURUSD. As usual on the first Friday of the month we expect NFP! It is this news that can give push and direction of the price. Expectations are for 1600K at previous values of 4800K It looks like EURUSD will need some time and lower levels before it can break 1.19 and move on to the next resistance.
Short
by ForexTrendline
ETHEREUM TETHER ⚠️ Where ETH is Heading in The Next Week💬 ETH is in the limelight once again, sort of. Ethereum might not be on the cover of TIME, but it was mentioned at a recent Senate finance committee meeting when it was mentioned alongside Bitcoin when giving examples of cryptocurrency. Mentioning crypto at a Senate finance meeting shows the relevance of crypto, and mentioning Ethereum alongside Bitcoin helps to cement the idea of Ethereum becoming synonymous with crypto. Let's see if the ETH bulls can make ETH's price look as good as I just tried to make it in those last few paragraphs by looking at some levels. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 S/R flip at the prior range where resistance was found is the first level of support for the bulls. A pullback here and a move off S1 would be an obvious path to start breaking ETH out of the current range. S2: The S2 orderblock formed by the move up represents a level that was interacted with a good deal during consolidation leading up to this move. Given the previous interactions with other Orderblocks as seen on the chart, S2 is likely to see some interaction at some point. S3: Things start to look less attractive at the S3 orderblock, as a trip down to this level brakes below the main price pivot point and retests the previous price range. There is support to be found here, but bulls would rather not have to find it with this current uptrend. S4: The bulls have one more chance to save the bullish price structure by finding support at S4. Below S4 there is some notable support, but for the purposes of mapping out the current move, anything below S4 should not have to be considered for now. Resistance: R1: If the bulls can break this pattern of lower highs, then the first line of resistance is the R1 bearish orderblock at the prior swing high range. A break above this level means ETH will likely break out of this overall range it has been trading in since the start of June. R2: The R2 bearish orderblock created during the previous dump is the next point of resistance for bulls, we would expect a reaction here even if ETH runs hard on a break of the previous range. R3: The R3 orderblock left at the prior swing high is the primary target for bulls. If they can get here and then create a new range it would help to form an overall bullish pattern on longer time frames. ----- Summary: ETH has been in the limelight for a while now, the chart looks decent on some timeframes despite a long-term correction from the 2017 highs. Can ETH bulls continue to show strength as Ethereum solidifies itself within the crypto ecosystem, or will the bears be taking out support and dumping to new lows? Only time will tell. Resources: www.forbes.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
$GSX can fall in the next daysContextual immersion trading strategy idea. GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. The share price fell after bad earnings. It looks like it will continue falling. Also Citron says $GSX should fall. The demand for shares of the company still looks lower than the supply. So I opened a short position from $35,43; Information about stop-loss and take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
GShort
by KozakHlib
2
$LIVX can rise in the next daysContextual immersion trading strategy idea. LiveXLive Media, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. On 29 May the company announced the launch of the virtual music festival "Music Lives ON". It causes a rise in the share price of the company. At the and of the day the demand for shares of the company looked higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $2,29; stop-loss — $2,10. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
LLong
by KozakHlib
4
$CHEF can rise in the next daysContextual immersion trading strategy idea. The Chefs' Warehouse distributes specialty food products in the United States and Canada. On 29 May Moody's announces completion of a periodic review of ratings of The Chefs' Warehouse. It causes a rise in the share price. At the and of the day the demand for shares of the company looked higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $15,23; stop-loss — $14,23. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:CHEFLong
by KozakHlib