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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.
NASDAQ:PTONLong
by Saxo
1
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.
Education
by NeoDaNomad
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!
BITSTAMP:BTCUSDEducation
by PrimedGroup
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.
NASDAQ:VTIPShort
by RizeSenpai
10
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?
TVC:US10YEducation
by Pepperstone
8
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 🤘🤘🤘
NSE:HDFCBANKShort
by ayushkumarshivaliya
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😇😇😇
NSE:BANKNIFTYShort
by ayushkumarshivaliya
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.🤘🤘🤘
NSE:ICICIBANK
by ayushkumarshivaliya
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...)
AMEX:JNKShort
by Auguraltrader
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.🤘🤘🤘
NSE:ICICIBANK
by ayushkumarshivaliya
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 🤘🤘🤘
NSE:HDFCBANK1!
by ayushkumarshivaliya
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.🤘🤘🤘
by ayushkumarshivaliya
Stay alert. a few important suggestionsAMEX:SPY For a few days now I have been posting about a big drop that I expect. today I am again confirmed about that idea. As I said in previous ideas, is that we fell through the neckline of a huge Head and Shoulders Pattern. a few days ago we rose back to the previous breakout point, yesterday we tested that level and the neckline now so to speak serves as resistance, that was confirmed today. In my opinion a drop from the neckline is not unusual, so watch out. Here some important things to remember: - Try to keep your cool, and keep thinking rationally. - Make sure you have a protective Stop-Loss set up. - Be careful about adding money to a losing position. - Guessing a bottom is difficult, and can go very wrong. - Keep your emotions under control, notice you're getting frustrated? Then maybe go find some distraction, but never leave your computer until you have set a stop-loss. I can see myself that this is very standard advice, but I and many others have experienced what happens when your emotions take over. Hence, I share this anyway. Please leave in the comments if you have another suggestion on how to manage your account in these volatile times. I wish you all the best. This is not financial advice.
AMEX:SPYShort
by StijndeVries
Stay sharp in these volatile times!These are crazy times. In 2020 I started to seriously dedicate myself to becoming a profitable trader. the past few months have been very volatile. and for me as a beginner it is also very difficult to earn even a little constant results. and maybe you recognize yourself in my situation, But I have learned a lot from all this chaos ;) , and therefore I have written down a few of my own experiences that hopefully will help you to get a little more consistent results. as I say, I am no expert and this is therefore certainly not financial advice. but especially in these times I think it is nice to help each other a little and learn from each other's mistakes. 1. It's okay to not have open positions from time to time. Occasionally it can be frustrating, if you take a loss, but that's okay, hopefully you learned something from it. I now consider the current (short-term) trend to be neutral/Bearish. and I am now reading Technical Analysis of the financial markets and in that book there was a sentence that I did find reassuring: "It is during these periods of sideways market movement that technical traders experience their greatest frustration, and systems traders their greatest equity losses". Take these times to prepare yourself for a more predictable market phase. 2. Trying to predict a bottom can be dangerous. Try to wait for confirmation, or a known pattern. Take LUNA/USD as an example, luckily I didn’t had any money in this coin. But you don't want to get stuck in a long position, don't forget to set a stop loss either, and the last point actually ties into point 2 3. A well-known rule is that you should not add to a losing position. I thought I had remembered this but I did catch myself doing it at the beginning, especially in times like this it can be disastrous, usually it doesn't end well. I wish everyone the best coming times, hopefully most will achieve their goals. Keep thinking rationally and try to keep your emotions under control. I wish you all the best. Let me hear from you in the comments, I am very curious about your experience in this market. Perhaps you have a suggestion for me, I would be very happy with that. AMEX:SPY
AMEX:SPY
by StijndeVries
2
An inversed relationship There is a long running inverse relationship between gold and yields. As a non-interest bearing asset, gold becomes less attractive when yields, or real yields in-particular, go up. Using the TIPS (Treasury Inflation-Protected Securities) and inverting the price (price and yields are inversely related), we get a proxy for real-yields. With this, we can look at the 10-year chart of gold prices vs yields and the inverse relationship becomes clear now-- rising real yields push gold prices down! As gold is quoted in US dollar, the strengthening dollar has added salt to the wound, further weakening the price of gold. On a shorter timeframe, the 1875 handle seems to be of a significant level, providing the previous levels of support and resistance. With this support level breached last week and a retest this week, coupled with the rising yields and a strong US dollar, we see further downside for gold from here. Entry at 1875, stop above 1960. Targets are 1762 and 1680. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
COMEX:GC1!Short
by inspirante
Why do traders mostly lose? Point of viewFor 3-5 minutes while going through this forget what you know about trading. First thing is : Let's remember our goal, every successful action/plan started with a clear goal that led the way: In our case it's profit When starting to trade seeing the numbers go up and down plays with your head and emotion quickly tempting you with the unlimited potential at your fingertips. Even experienced traders that had some lucky streaks forget that the wanted end result is simple - to be in the money, meaning, making profits consistently. In order to secure our goal of making profit we need to first start with remembering this is not a 'get rich quick' scheme and there is no magic - A big bunch of money won't fall on your head out of nowhere, at least not consistently. Now - remember this : It's a lot better to be consistently profitable than to have a series of a few winning streaks . With this in mind, it's great if you would put up a sticky note on your screen reminding this - As at times it gets hard keeping sight when numbers run wild. I see many traders look at between 5-10 crypto currencies, 3 commodities and 10 currency pairs - Deciding based on a variety of different things what to trade on every time. This way of action has no structure at all - Which makes it very hard to reach a certain target: profit. It is necessary to have focus, structure and a plan with a single minded mission: PROFIT. But not just any profit - smart profit, a profit that was a result of planned action. So how do you make a plan? The easiest way to effectively craft a well thought out plan is to focus on between 2 to max 3 instruments Learning the range, price action and tendencies of 2-3 instruments can be done within a few weeks going through 1h, 4h and weekly time-frames and determining the short-term and long-term projections of each of the 2-3 instruments. Once you start seeing the patterns and understanding the price action continue by implementing what you learned on the instruments on a demo account testing a possible strategy that relies on clear idea of what to do with every possible scenario. You may not get it right with the first strategy, so try others until you find one that shows consistent results - while mastering the 2-3 instruments you have chosen and continuing to following up on a daily basis on relevant news, changes in trends on short-term and long-term projections. For me - Because I've dedicated years trading and following Gold and WTI , learning how and why it moves - I prefer trading a swing trading strategy, keeping trades open between 3 days to 2 weeks usually, this puts my bigger picture understanding of the instruments into true effect The difficulties you will find while searching for your strategy are - *Greed *Fear *Lack of patience *Lack of discipline in plan Don't let them in - Remember your plan and one and only goal : consistent profit! Thank you for reading, Let me know what you think and what you would like to hear more about :D
BITSTAMP:BTCUSDEducation
by Exactus
3