Traders
USDOLLAR / DXY : Trapped sellersShorts are trapped in a uptrend in USDOLLAR/DXY. They would have a desire to exit when price comes back to them
GBPJPY : Trapped buyersTrapped buyers in a downtrend will have a desire to exit when price comes back to them
Trapped sellers below monthly low!The sellers tried to sell below the monthly low and failed. Look for them to exit when price comes back to that zone : giving us a beautiful LONG trade.
Go for 2x risk.
Oil; Ascending Channel HoldsFirstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! The opportunity for bulls to jump into the market as prices take-off from an ascending channel.
S&P 500 climbs higherFirstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Buyers are rejoicing as the index hits ATH. In case of a correction, 3450 will be the first support region.
GBPUSD Consolidation Negative BiasFUNDAMENTALS
UK: Despite a small increase in the CPI due to easing lockdown measures, the BofE is unlikely to change its stance. The market will react in consolidation to last week's news in the UK of the uncertainty of a post-Brexit trade deal with the EU, the UK's debt being larger than GDP and the figures casting a recession.
USA: Unemployment figures start to weaken and US geopolitical tensions rise between Biden/Harris and Trump/Pence. The Fed still will not change its attitude and will continue to purchase assets at least at the same rate that it has done in the past few months. Coronavirus new cases begin to fall.
TECHNICALS
This leads me to believe the market will not rise above the resistance level, though it will come close to reaching resistance if the price pierces through the 200period EMA - therefore it is unlikely a trade will arise in the next few days on this pair. Possible price movements are displayed on the chart.
Overall, I have a negative outlook on this pair; news in the UK seems to be more prominent than news in the US and with 2 consecutive daily pushes downward a third is easily on the horizon.
EURUSD- NEVER OPEN A TRADE AGAINST THE TRENDHello Traders,
Again the same point of view. Two scenarios, the price couldn't consolidate for a long time specially on this pair which is the most volatility one. Therefore, follow the main rule never fight the trend, we trade on Foreign Market, we don't create the trend , obviously we don't change it, we can't. Just follow the wave. The rules are on the chart. Lets see the paint.
Thank You.
Best investors of our timeHere are the best. Under 10 years it's too luck based, and even up to 20 years. So all the people on the list will always be old.
Warren Buffet & Jesse Livermore started investing full time in their teens (Warren started at 8 but the track record starts later maybe late teens or twenties, Jesse started at 14 I began the track record estimate at 16), George Soros started in his 30s, Jim Simons started in his 40s and his monstruous medallion fund was launched on his 50th year.
For Jesse Livermore I looked at Dow Jones dividends reinvested returns from 1893 to 1930 which were about 11%, and he managed to grow to 10k in 1893, made 100 million in 1929 (so he had 100,000k + x) so he made at the very least 30% a year... Why I placed him at 18-19% over the stock market returns, but it is possible he made more than this. In any case he got better results than Soros.
Special mention: Carl Ihcan got returns of 26% from 1968 to 2011 versus Buffet 20% (or at least that's the book value of Berkshire), while the S&P with dividends reinvested over that period produced 9.5% so Buffet overperformed by a little over 10% and Ihcan by 16% putting him above Warren Buffet (but for less long) and close to Jesse Livermore & George Soros. But since then Ihcan has done terribly, so Warren Buffet is still numero uno.
Jim Simons secretive medallion fund made 66% a year over 30 years so that's an overperformance of pretty much 55%.
This is not where all his money is, and the fund is capped so there won't be growth futher (for medallion fund, but overall he'll still make lots of money via medaillion flat gains & his other funds).
The overrall perf is so off the charts anyway that in any case he is clearly number 1.
In the game we got:
- An overwhelming majority of sheep shadowing the stock market and making sure they perform same as the rest of the herd every quarter
- Alot of fundamental investors (including short sellers like Jim Chanos I guess)
- A couple of value investors
- A handful of speculators (why bother if you can't beat the stock market anyway? Investors that speculate on the side to reduce portfolio volatility not included)
- A herd of retail traders that look at oversold indicators, fight obvious trends, and think they'll beat Livermore that could read & write at 3 years old
- 1 secretive mathematician/geometrist/pattern recognition master (wink wink) that finds patterns in enormous amounts of data
- Hundreds of day trading educators that claim they can massively outperform a one in 100 million genius that gets his edge from seeing things others cannot
Should i sell it?? I am beginer.I am trying to learn fx and i dont know if my strategy is ok. Plz tell me if i made any mistake and if i predicted the eur/usd right.
AUDCAD Where will price go now? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
USDJPY will we see the pullback down to the 618? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURGBP Will we see a head and shoulders here soon? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Gold's looking BULLISH!I took a small position at 1.24 on RMS, on the chart 23/04 it's broken the trendline, putting the system and patience into practice.
Today I sold half of my position at 1.70 to de-risk my position and let the rest RIDE.
SAUDI TELECOMSaudi Telecom shares are witnessing a downward trend towards level 61 and if this level is not strongly broken, then we will buy as soon as the market rises and break the level 100 and the target will be level 161.
"Goody Bag", for Breakout Traders!Price-Congestion is going to mature. After accumulation or distribution process from money-makers, price will move far away from current value which will be result as Breakout.
Right identification of Breakout will fill your portfolio but, always require patience. There're lot of traders works when breakout. If you are this type of trader, then ready!
Point should be careful while breakout are following:
Pin Bar
Volume surging with price
Gap
Invalid candle
Last and First of secession
etc.
Best of luck...!
