Sharemarket
Why we should review price action to see if History will RepeatStudying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework, quickly looking for small repeating patterns can greatly improve the probability and conviction and help your trades in the long run.
This short video looks EQR.asx which is a share listed on the ASX. By reviewing the previous price action, we can see that the current setup is so far following the same path as a previous big winner....I will be watching to see if history does repeat!!
Hope you enjoy
ASX200 4H, could we see a new test of 6715?Happy Monday. Thanks for tuning in. Today we’re looking at the ASX200 as a few things point to buyer control. Since last Friday, we continue to watch the new fast uptrend remain in play. Buyers are also starting to break out of a wedge pattern, but we want to see if price can get back up to and break 6715.
A move up to and break of that level could start to tell us that a new short-term up trend is underway.
Thanks to all our subscribers and to the trading community for watching today’s update. We wish you good trading for the rest of the day.
Bitcoin and ETH could fall over and create carnage into IndexesShare markets continue to chop around the lows with bulls trying to build a base to drag in more reluctant buyers. Inflation and rate rise concerns continue to weigh on markets as the Focus is on economic numbers. If the data shows the start of a slowing economy while inflation remains strong...we could see some serious selling into share markets.
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
BITCOIN and ETHEREUM remained trading around recent lows. Prices seem to be consolidating the lows which may not be a good sign for bulls. If the share markets can not engineer a rally from current levels then BTC and ETH could start to move lower as bulls get impatient and are forced to close longs.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
Cryptos looking better...Trading plan and review of Key LevelsShare markets managed to find some buyers to hold up off the lows as the US was largely range bound for the session. Buyers were happy to soak up the selling pressure from a weak open and fend off another selloff. The USD ran lower as safe havens moved down which lifted Gold. Major US indexes look set to bounce again into the weekend on more bargain hunting.
The general trend for major Indexes remains down with the Inflation and Interest Rate Rises in focus....continuing to be careful into shares as prices could continue lower.
BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to commit to a rally. The price action from the US session is more positive and I expect more buyers to start to dip their toes in the water.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
Market Meltdown...Trading plan and review of Key LevelsReview of the key levels in the major markets as global markets resumed the meltdown with the NASDAQ and SP500 down over 4% and DOW 3.5%. Markets playing catchup to Powell comments and also have concerns that the US consumer is holding onto cash and not providing the economy with needed support...Target failing to delver on earnings highlights the concerns.
Safe Havens rallied with the USD, JPY and Gold (to a smaller extent) rallied.
The general trend for major Indexes remains down with the Inflation and Interest Rate Rises in focus....time to be careful into shares as prices could accelerate lower.
BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to again follow share markets higher. Expect that if share Indexes again turn south, cryptos may take another hit.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
Trading plan and review of Key Levels for major marketsReview of the key levels in the major markets as the US bounces back Friday following of from a strong Asian and European session. Bargain hunters taking the opportunity to buy in an extended market so the questions is whether this bounce can gather momentum higher.
The general trend for major Indexes remains down with the USD, Inflation and Interest Rate Rises in focus.
BITCOIN and ETHEREUM took a beating as BTC spiked below $30k to take out some stops. Crypto enthusiasts will be hoping to see BTC back above the $30K area to fend off more selling pressure.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
GER40 (DAX) Index Gann Predictions for Today with Options StratsCAPITALCOM:DE40 trading below support 14110 and testing 14060 support at the moment.
Support Levels: 14110, 14060, 14040, and 14,000
Resistance Levels: 14,110, 14,133, 14,140, 14,150, and 14,160
Seems like a sideways market today!
Possible Options Strategies:
1) Iron Condor
2) Iron Butterfly
3) Short Strangle
4) Short Straddle
Good Luck!
Nifty Gann Predictions/Levels for Tomorrow w/ Options StrategiesNifty has taken support around 17 080 right here at S1 okay and it's going kind of sideways so let's quickly have define our support and resistance levels using GANN angles I'm taking the first
Target for resistance at the price just above the high above the present price which was previously support around 17440 which is we call that r1 our first support is just below our presence supported and we're calling that s1 at 850 168.50 and one below that at um 600
Okay calling that s2 so where these supports and resistances intersect right those are they act as support and resistance levels depending on where your price is at the moment for your convenience i have labeled the support levels in green as you can see here and our resistance levels in red okay
As you can tell our first support at 1710 followed by 950 excuse me followed by 980 below that is 950 then we have 900. so there is substantial support for nifty below 17 and 900 between these two prices all right and the resistance is at 140 17 140
Followed by 240 260 and since i ran out of space to put a couple of more labels we have another resistance at 3 30. 3 30 followed by 4 440 okay so how would you trade a market with so many close together supports and resistances right one option strategy in a sideways market since um that's
What the support and resistance levels are telling us that nifty could remain in the range of 400 to 900 for some time before breaking out above 400 or below 900 all right so a few option strategies on a sideways market where our uh the vix itself is falling we are below 20
As i speak so in a low volatility situation how would you make money trading options so the most trusted option strategy in a sideways market is an iron corn door okay an iron condor you can look up what an iron corn door is i'm not going to go into much detail there and a second one is a short straddle although the short straddle carries unlimited risk i would avoid that i
Would go for a short strangle between 3 30. okay we sell a call at 3 30 and we sell a put at 900 okay that would create a short strangle okay so these are some of the option strategies you could use in a sideways market and
Let me quickly redefine the support and resistance levels you might want to write this down supports at 17 nearly 17 0010 followed by 980 950 and 900. okay if 900 is broken then obviously we are looking at eight around 850 830 and 800 as your final supports and uh for
Resistances we are talking seventy thousand one forty currently trading above that the next followed by seventy two forty two sixty i doubt the 260 will be able to overcome today okay and for tomorrow our resistance could be around 3 30 and 4 40
In case the market goes up okay essentially filling up this gap right here all right guys so uh if you have any questions put them down in the comment section i will get back to you good luck and i hope your trades are profitable see you in the next one.
Good Luck!
Market Recap and levels to watch for the coming sessionsMorning Jumpstart 25-01-22
US Bounced bark hard from a weak open after trapping and squeezing some sellers. Bargain hunters were out in force expecting that the selloff is over and its time to buy the Dip. I feel that we may have seen the highs put in place and may expect a further unwind of bulls as inflation and interest rate rises kick in. More in the video....
Thanks for watching and please take some time to check out the website.
Market Recap and levels to watch for the coming sessionUS markets saw a late session beating to push prices sharply lower into the close and continue the recent selloff. Watch the video for a more detailed breakdown on my Macro picture and key levels I am watching in major markets.
Thanks for watching and please take some time to check out the website.