TIPS
CAD-JPY Range Trading! Analysis!
Hello,Traders!
CAD-JPY is trading in a range
Between the horizontal support
And resistance level so I think
And now we are seeing a rebound from support
So I think it will keep growing mid-term
But after the retest of the resistance
We will be selling the pair
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Peloton: Anddddd back downPeloton
Short Term
We look to Sell at 10.90 (stop at 11.76)
Expect trading to remain mixed and volatile. The medium term bias remains bearish. Trading within a Bearish Channel formation. Selling pressure from 11.40 resulted in all the initial daily gains being overturned. Preferred trade is to sell into rallies.
Our profit targets will be 8.94 and 8.30
Resistance: 11.30 / 14.70 / 20.00
Support: 8.70 / 5.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Peloton bottoming?Peloton
Short Term
We look to Buy at 8.83 (stop at 8.07)
Expect trading to remain mixed and volatile. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 11.28 and 13.49
Resistance: 11.30 / 14.70 / 20.00
Support: 8.70 / 5.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading . The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
An Idiot's Guide to EURUSD: 5 Steps to Success 💲💲💲Synopsis
If you trade Forex then you know the weekends are the best time to analyse the market. Everybody likes to talk about how volatile EURUSD is, but what they don't tell you is that the market is ranging a good 80%-90% of the time; good deals do NOT last long. In fact, half of a days price movement can play out in 15-45 minutes, It's that fast. The best entries are usually snatched up in a matter of minutes, meaning that slow momentum oscillators and lagging trend following indicators don't perform well in these conditions. EURUSD in my opinion trades a lot like CL (crude WTI), where trading decisions need to be made while volatility is low to mitigate risk. Translation: if you can't win in a range, you're going to blow your account in this market, trust me.
I see so many people on here setting targets 2-3 times the daily atr with the expectation that they'll be paid by the end of the day or the next day. Don't do that, please. It's not a sprint, it's a marathon. Long term gains depend on practical consistent returns, not 10:1 RRs. It's actually a lot more realistic to take ZERO to two 20-40 pip trades per day. Over the course of a week it adds up.
The chart:
This week we came off of a really strong bullish surge away from parity, and the market then did what it does best, range. And the way that prices are moving right now is just classic EURUSD, I love it...I get so nostalgic, because ranges like these are how I learned to trade; the way that the market recycles over and over makes it so fun to trade, it never gets stale. Since it's the weekend and the markets are closed, I wanted to take this opportunity to share with anyone who might be wondering what it's like to day trade this market.
How to trade ranges:
Step 1: Find your levels...
The easiest way is to map out support and resistance zones. On the chart, I use my own variation of the Williams fractals indicator (I call them Neo fractals 😎) for every prominent swing high or swing low, the indicator draws a horizontal ray from the highest, lowest close and projects it out into the future. You can see the spots where lines start stacking up in a certain price range act as stronger support or resistance than the areas with only one dotted line. It only takes about 5-10 minutes per day to do this by hand though, so an indicator definitely isn't necessary. It's really important to be able to eyeball pivot points yourself anyways.
Step 2: Determine market phase...
After you've mapped everything out, it becomes a lot clearer what's happening in the market, and if the market is ranging or trending. If the market's ranging, you will see far more s/r lines on your chart especially once you start seeing s/r lines stacking up close to one another. A clear giveaway that the market is ranging is when price makes strong moves in one direction, only to return back from where it came, later in the day. Once you've determined what phase of the market you're even closer to spotting high quality trades.
Step 3: The next step is to find areas of value...
In general you want to find the areas within the range which provide the most exclusive prices, And steer away from price ranges that hold 80-90% of the activity on the cart. Being 5-10 pips in profit before a big move will completely change the way you feel about a trade when it starts to go against you (plenty winning trades will go against you, especially if you're trading reversals). On the chart you can see that the supply and demand zones only produced 2-4 trades this week, but all of them were for over 50 pips. These aren't the only trades you can take, but they're definitely the highest RR trades, you can get in a ranging market.
Step 4: What for confirmation...
There are so many ways to confirm a move, but my favorite for this market is a phenomena that I like to call a spike. (There's probably an actual name for it, but I'm self taught so I just make stuff up as I go 😅) Find a hammer or star candle on a higher chart like the daily or 4hr and it look at that time period again on a lower timeframe, what you'll see is that the hammer or star is actually just a large price movement in one direction followed by an equally large movement in the other direction. What might appear as a spike on a lower timeframe will appear as a hammer or star on a higher time frame, and the larger and longer the chart pattern takes to complete, the larger and longer the move will be in the opposite direction. These are the Rolls Royce of signals. When you realize that a head and shoulders pattern is really just a series of spikes, it will completely change the way that you trade. In my experience, trading price spikes alone out performs every other chart pattern there is, because most candlestick and chart patterns are made up of a series of spikes anyways. Most consolidation periods end in a large spike followed by a 1-200 pip surge in the opposite direction. They appear most often on higher timeframes as hammers and stars, or large engulfment. but on the lower time frames you can watch these things play out over 5 ,10 or even 100 periods sometimes. The key is to have very strict rules for what you consider a spike to be, how many pips? What kind of ratio are you looking for? is it happening in an area of value? etc.
Step 5: The range leads to the trend...
The reason that trend following strategies under perform in this market is because strong trends don't last long on EU AND getting good value is insanely competitive. The key is to spot these trends early, you have to be looking when nobody else is looking. That means waking up earlier than everyone else and having a plan in place before the move happens...Not seeing a big candle and just hopping in. I try to have a daily strategy in place before the Asian session ends, that way, I''m ready for London and NY. I live in the US, so that means I'm waking up everyday around midnight to 1 in the morning. But most of the time, if my trade starts well, I go back to bed and check back in around 7. If you want to trade EURUSD, that's what it takes though. There might have to be lifestyle changes that you have to make (especially for North and South American traders) in order to really commit yourself to this market and give your trading it the attention that it needs.
Become a better trader by just answering these questions!Hey Traders!
Most people think that trading success is found within a system... yet a successful trading system could be something as simple as 2 or 3 basic combinations, knowledge of price action and a sprinkle of instinct.
To me successful trading is a completely different path, I believe that real trading success falls into one sentence which is "Constant and never-ending improvement",
self-improvement that is, and in today's post, since it is the weekend, I want to go over this core improvement process with you so you too can become a better trader next week!
First to make it clear, I believe that out of the 100% required for trading success the system part falls into the low 10%, while the other 90%+ is within you, it is your knowledge, knowhow, instinct, mindset and everything else that makes you... you. The system is something you learn once and all you have to do is follow it forever with consistency and focus, sounds simple right? It kind of is but we humans tend to make it complicated.
Anyway, its Saturday the 9th of July and I want to give you 6 questions that if you answer will make you better by at least 1% right away, but if you continue to answer these questions each time you will, guaranteed no matter what (as long as you are honest) get better by 1% each time, how much better you become in entirely up to you, and by that I mean how honest you are and how consistent you are in answering these questions!
So, without anymore delays, here are the 6 questions that can make you a better trader:
What was my biggest loss and why?
What was my biggest profit and how?
What was the best thing I did this week?
What am I most excited about for the upcoming week?
Did I follow my system on every trade?
Was I in control of my trading, mentally, every time I traded?
BONUS QUESTIONS:
What prevented me from doing better?
What motivated me most?
What will I not repeat next week?
What will I repeat next week?
What do I want to remember it for?
What is the best highlight?
What do I regret not doing?
Do you have any of your own questions that could help other traders? - Do share in the comments!
Treasury Inflation Protected Securities Look to be Topping OutWe have an Head and Shoulders pattern visible on the weekly and a tightening monetary policy from the US Federal Reserve; As we continue to tighten i expect that the rate of Inflation will go down and as the Rate of Inflation goes down so will the CPI and with that Treasury Inflation Protected Securities otherwise known as TIPS should lose the Value it's gained during the 2020-2022 Inflation Crisis and Long Term Treasuries should begin to Rise.
How to create a real-time US real rate on TradingView US real rates drive everything in markets right now, and if they are going up then so is the USD, while equity will head lower – for context, the 1-month rolling correlation (assessed by value, not percentage) between US 10-yr real rates and the USDX sits at +0.94 – so there is an incredibly strong relationship.
This is also true of equities, where the US real rate (we deflate the 10yr Treasury for expected inflation) holds a rolling 1-month correlation with the US500 of -0.92 and NAS100 -0.89.
It sounds pedantic that one day makes a difference, but the default setting for 5 and 10yr US TIPS/real rates on TradingView, which the source a feed directly from the St Louis Fed (FRED) website – comes under the code DFII10 – as per the FRED website this, however, has a two-day lag, so the benefit to traders is reduced.
We can see the breakeven component of real rates on TradingView (10-year breakeven, or the expected US inflation rate to average over the coming 10yrs – code = T10YIE) actually holds no lag, so we can now use this to create a more up-to-date US 5 & 10-year ‘real’ Treasury rate.
So there work around - In the search function simply subtract T10YIE from the US 10yr Treasury (US10Y) and you can get a real-time real rate – type TVC:US10Y-FRED:T10YIE – this is the 10yr real rate, but you can change it to TVC:US05Y-FRED:T5YIE for the 5-year.
Higher real rates act as the true cost of capital – they are the handbrake on economic activity that the Fed need to be more cognisant of than anything. If 10yr real rates are going to 1%, and if this relationship holds, then I think the DXY re-tests the 15 June highs, although we are seeing real support for EURUSD, and the US500 likely heads to 3400 – 3200.
It's here where most see a trough in the market and where we bake in a true recession – not just a technical one, but one where we see broad-based layoffs. As it is, a recession is certainly probable, but will the economy talk itself into something far more pronounced that really impacts consumption?
HDFCBANK technical analysisNSE:HDFCBANK
In HDFCBANK
above you can see the important levels and by *auto harmonic patterns* ( cypher ).
On its basis and some analysis we mentioned some targets.
If * 1320 * level break then our
Target 1 ------ 1300
And if upward movement remains continue then our
Target 2------ 1260
If you also want to use such setup then follow the steps:
1) Go to indicator and search. Auto harmonic pattern .
2) Now go to settings and then in _style and uncheck the table.
3) Now it is ready. if Any pattern will form then will automatically show you the entry points and targets.
I hope it will help you😇😇
For more such analysis stay connected with us and Checkout our new updates 🤘🤘🤘
Banknifty technical analysisNSE:BANKNIFTY1!
In banknifty by auto harmonic pattern we can see that if market break the resistance as u can see above. The market may retrace from target 1 and if target 1 also break then we can see a downward movement till target 2
Our mentioned targets are:. ( Which I got from auto harmonic pattern )
When banknifty below 32750
BUY PE Target 1 - 32500
Target 2 - 32000
If you also want to use such setup then follow the steps:
1) Go to indicator and search. Auto harmonic pattern.
2) Now go to settings and then in _style and uncheck the table.
3) Now it is ready. if Any pattern will form then will automatically show you the entry points and targets.
I hope it will help you😇😇😇
How to get "lucky" in day tradingHey Traders!
In todays morning video we go over how you can become more lucky in trading by following 3 basic tips!
We hope you enjoy the video, later today we will release a longer video explaining how we use the VWAP and Anchored VWAP indicators here on trading view to spot excellent support/resistance levels and trade with momentum or ranges!
Happy trading to everyone!
ICICIBANK technical analysisNSE:ICICIBANK
In ICICIBANK
I used auto harmonic pattern to predict the market if u also want to use this then follow the steps:
1) open "indicator" and search "auto harmonic pattern" and click on it.
2) open "settings" and go to "style" and remove "table".
3) this indicator will automatically generate targets.
And if u want to understand more then follow us and observe how we give targets and find levels:-
👇👇👇👇👇👇👇👇👇
If it breaks downward level (* 715* ) as you can see in the chart above, then our :-
Targets :-- 685 , 625.
Make sure that market may retrace after achieve target.
For more such information stay connected with us.🤘🤘🤘
Leading Indicators are very BearishThe JNK ETF is heading further down with a big bearish Marubozu that is the YTD low -> Bearish for equities.
The IWM ETF is also heading further down for a lower low with a bearish Marubozu engulfing -> Bearish for equities
The DJT ETF ended on a recent low too -> Bearish for equities
The VALUG has a bearish candle for more downside -> Bearish for equities
The TIPS ETF bearish marubozu ending on a YTD low-> Bearish for equities
The TLT ETF is diving -> no flight to safety, just selling.
The VIX is coiling -> bearish outlook for equities, more volatility incoming when it spikes!
The HG1! copper futures ended on a strong low for the week, and will be attacking support. Expect failure.
Overall, very Bearish bias on equities for the next couple of weeks, and at least until the VIX spikes very hard before retracing (it is only coiling now...)
ICICIBANK technical analysisNSE:ICICIBANK
In ICICIBANK
I used auto harmonic pattern to predict the market if u also want to use this then follow the steps:
1) open "indicator" and search "auto harmonic pattern" and click on it.
2) open "settings" and go to "style" and remove "table".
3) this indicator will automatically generate targets.
And if u want to understand more then follow us and observe how we give targets and find levels:-
👇👇👇👇👇👇👇👇👇
If it breaks downward level (* 715* ) as you can see in the chart above, then our :-
Targets :-- * 685 * ,* 625 *.
Make sure that market may retrace after achieve target.
For more such information stay connected with us.🤘🤘🤘
HDFCBANK JuneNSE:HDFCBANK1!
In HDFCBANK
above you can see the important levels and by *auto harmonic patterns* ( cypher ).
On its basis and some analysis we mentioned some targets.
If * 1400 * level break then our
Target 1 ------ 1420
And if upward movement remains continue then our
Target 2------ 1465
And if * 1380 * level break then our
Target 1 ------ 1345
Target 2 ------ 1285
Target 3 ------ 1195
I hope it will help you.👍👍👍
For more such analysis stay connected with us and Checkout our new updates 🤘🤘🤘
EURUSD JUNEFX:EURUSD
In EURUSD
I used auto harmonic pattern to predict the market if u also want to use this then follow the steps:
1) open "indicator" and search "auto harmonic pattern" and click on it.
2) open "settings" and go to "style" and remove "table".
3) this indicator will automatically generate targets.
And if u want to understand more then follow us and observe how we give targets and find levels:-
👇👇👇👇👇👇👇👇👇
If it breaks downward levels as you can see in the chart above, then our :-
Targets :--- 1.0704 , 1.0600
Make sure that market may retrace after achieve target.
If market retrace from target then our :-
Targets :-- 1.075 ,1.085
For more such information stay connected with us.🤘🤘🤘
Banknifty technical analysis.BANKNIFTY
In banknifty by auto harmonic pattern we can see that if market break the resistance as u can see above. The market may retrace from target 1 and if target 1 also break then we can see a downward movement till target 2
Our mentioned targets are:. ( Which I got from auto harmonic pattern )
When banknifty below 35720
BUY PE Target 1 -. 35285
Target 2 - 34870
And. If banknifty breaks 36080 level then
BUY CE. with target 36695