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The US Market is waitingThe US elections next week bring the market to a point where all we have to do is wait and of course, prepare our trading account for the crucial hours when it will be revealed who will lead the country in the next 4 years which are expected to be very difficult and challenging especially in the economic and social aspects. Technical analysis aspect We can clearly see the market prepare itself for the election day based on the S&P500 triangle pattern, the breakout will take place next week between Tuesday to Thursday How will the identity of the winner affect the market? See the post from the 5th. Strong fluctuations in the leading US indices are not expected during this week, and even if the upcoming earnings reports show unexpected results, it will be a sharp but temporary and short-term reaction. What should you do until the election? Portfolio protection: If you are a low-risk investor, avoid trading assets that are considered volatile such as Bitcoin, low market cap stocks, exotic currencies, and oil. Get Ready: With a proper post-election trading plan that includes exit points (stop loss & take profit), accurate and right ratio of the exposure based on account balance, a good trader can make around 20% within a short period of time (1-2 weeks) after the election. The 20% can be $100 or $100,000 (depending on the account balance), in addition, a large balance reduces risk by spreading the risk across many assets. Increase the account balance is a-must in such events if the current account balance is low or insufficient in order to split the risk across 5 different asset at the same time.
TVC:SPX
by FinanCollege
S&P AREA OF MAJOR PLAY FOR NEW PRESIDENT COMINGShalom Wadu Community, Here We Go Over the 2 MAJOR POSSIBILITIES WE HAVE HAPPENING that will be happening as a Prelude to the Presidential Election coming in for the Following Week coming! Tune into the Video to listen on the analysis of these plays that WILL happen. We are trading under a 4 Hour Downtrend Line with the Possibility of Respecting here, and sellers coming in to Respect the Downtrend. On the other hand, it is also equally possible for the Downtrend to be Broken with a Nice Impulse Move, AND THEN Use this Downtrend Line as the NEW SUPPORT that will take us into New ATH territory!
OANDA:SPX500USD
by DinoAlpacino
IBM Earnings report will be published todayNYSE:IBM The American technology giant publishes its quarterly earnings report with a very optimistic forecast. The report will be published after the market closes. Earlier this month the company announced that it is splitting itself into two separate public companies, a move that could attract new investors due to the result expected - a cut in the share price. In recent years, the company has been mentioned as irrelevant and unable to keep the technology development speed like other leading tech companies such as Apple and Samsung but, with more than 350,000 employees serving clients in 170 countries and a great roadmap for long term development projects, IBM is absolutely still is considered a tech giant. Analysts expect a Gross margin of 48.4% for the quarter. Over the last 2 years, IBM has beaten EPS estimates 100% of the time and has beaten revenue estimates 38% of the time. Revenue in 2019: $77 billion Quarterly Revenue Forecast: $2.58 billion
NYSE:IBMLong
by FinanCollege
SPY NeutralAs of right now, neutral on SPY. Expanding megaphone shows a lot of uncertainty with higher highs and lower lows at the same time. On the daily, we can ARGUE that it's possibly a cup and handle pattern; however, on the four hour chart we can see a failure to complete an inverted HS formation. I am completely neutral as of right now as Pelosi and Mnuchin attempt to get a stimulus deal going by Tuesday, they are scheduled to speak tomorrow (Monday, October 19, 2020) ... election is actually RIGHT around the corner. I will be really careful or maybe just make quick day-trading scalps. Good luck to all of you guys.
AMEX:SPY
by ChanceTrades
Is the DJI (Wall Street) in trouble?Yep - it's beaten me. This is a very weird market where hope and greed rule. America is basically burning down with COVID, supply demand chains disrupted everywhere, no sign of a vaccine "momentarily" as we've been told - yet this market struggles north. Every drop of good news moves it further north. In the last few days we were told that the cure was found for COVID. No one dares to disagree. Hopes of 'herd immunity' are in there. This 8H time frame pump north in what appears to be a subtle rising contracting wedge, does not look confident to me. The instability in the picture creates a probability for the south (not a prediction) - and there is probability for the north as well. I'm not suggesting trading on this 8H time frame. Exploits are better on much lower time frames between 5 min to 15 min. But timing is everything. DON'T sleep! 😂 Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
STOCKS FILE NOW HERE!!! FACEBOOK SELL CLOSED +3.3% GAIN!Stocks strategy file now released! below youll see our list of stocks we have found optimal settings for! Amazon Apple Tesla Cineworld Facebook Netflix BABA US30 DAX - DE30EUR US500 NAS100 SPX500USD Google ROKU UK100 BA - Boeing Zoom ZM Barclays SELL triggered on facebook at 287.12, we then closed in profit down at 257.05! net account gain of 3.3%! risking just 1% per trade. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
NASDAQ:META
by congibb