Tradewar
Sugar Bull Flag Break Out BUY Sugar has broken out of its Bull Flag and its in an uptrend that could continue.
I have a bull limit in case we see an initial retest and a buy stop which
is where silver finds good support to continue its uptrend.
Buy Limit: .120
Buy Stop: .124
1st Tp: .129
2nd Tp: .135
3rd Tp: .149
STOP LOSS: .11251
USDCNY OutlookWill be very interesting to watch longterm trend of USDCNY. rising interest rates and the contionous USAvsCHINA trade war has many people worried on the outlook of the long term Ameircan economy. where do you think the market it is heading? to watch for companies it will be interesting to see if Amazon can branch out in the heavily dominated Alibaba chinese market.
NZD/JPY BREAK OUT BUYThis is an Idea is speculating on the continuing uptrend of the Kiwi dollar.
NZD/JPY has completed a head and shoulders pattern and possibly has now has enough steam to break out.
Trump Meeting with Xi is good for the NZD as its progress with the US-CHINA trade war,
but it will not provide real improvements. So this is speculating on the volatility of the meeting but in the end
the meeting not providing any real improvements thus equities continue to sell of after fake rallies.
ASX200 Sell Off. We are drifting upwards on Trump- Xi talks although we are still bouncing between Fibonacci shorts. What will happen if Trump and Xi do not have a good talk and reach no agreement?
We will see another sharp sell off.
Trumps angry tweets when he gets back to his hotel room will propel that.
According to my analysis we are in the midst of another 10% sell off (from where my forecast start)
We touched that level and I think we will see another complete 10% sell off with a big wick.
Do not buy Indices yet only look to short them.
China is stubborn and they will take there time to address this matter, they investment optimism in Africa and they are looking to move away from the USA.
Major US companies are not doing well and are still have many present problems (Apple, Facebook)
US Midterms and trade war to drive AUDUSD to our buy limitTrade set up: We have seen a ‘shooting star’ candle printed on Friday’s daily chart, depicting a potential short-term bearish move in the pair. However, buying the AUDUSD after a retracement into 0.7165 is still our preferred strategy. Given the importance of a three standard deviation move on Friday, our bullish trade is still in play ahead of US Midterm elections.
Why we like it: We can look at a simple regression model drawn from the January high, and if we take the view that this trend is set to continue, then it heightens the risk of a move into 0.7165, although we could also see 0.7140 (one-standard deviation from the line of best fit) come into play.
We had been anticipating USD weakness ahead of the US Midterm elections driven primarily by profit-taking and covering long positions. However, this view may reverse somewhat with Asian equity markets getting sold off fairly aggressively today, thanks largely to comments from Larry Kudlow that a trade deal is seemingly still a big hurdle and this will only accelerate the move into the 0.7165/40 area.
There is plenty of event risk this week to contend with, so it’s worth focusing on AUDUSD one-week volatility and applying this to get the weekly ATM (At The Money) straddle. Here, we see the market priced for an 85-pip move in either direction, so our view is to place stops after entry below Fridays low of 0.7072.
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How sure are the bulls?Prices came up with strong bullish momentum yesterday amid China-US trade negotiation will have better outcome.
From the technical analysis point of view, the bulls momentum will continue if it break and stay around the trend line again today.
Consider the US midterm election is around the corner, bulls may continue around the 900s.
SPX - 50W Moving Average in PerilWhats up Traders - As always, the explanation is on the chart.
Just some food for thought and concern. I am NOT the only one talking about this by a long shot.
Keeping an eye on things, and like most seasoned traders, We are trading with extreme caution right now
- - Macro Headwinds - -
China - Trade-war / Tariffs
November Election / Midterms
Saudi Arabia Political Nonsense
FED Interest Rates
Flattening Yield curve
Earnings Season - Seeing reduced outlooks by companies reporting so far.
End of the Year Profit Taking Season
I dont like it.
Soybean Futures Momentum BearishThis week price closed with strong bearish momentum after hitting the reversal zone.
With production estimated up, and uncertainty with China trade, the bearish momentum may push further to 854 - 820 level in coming weeks.
Looking to complete the downward range to -27.2% level of the weekly Fibonacci retracement range.
Just a Correction? Don't follow the HerdThis is an Update on my previous analysis this time I updated the H&S pattern to the correct drop target, with a few more indicators. And adjusted the drops to match similar time frames to the 08 crash. "The Economy Moves Up like a stair but it Drops like an Elevator"- Phil Town
OVER EXTENDED & PEOPLE ARE SPREADING FOMO
After a +9 year Bull run, the market is going strong. Everyone is buying and everything is going great, Weed stocks are going to make me rich! Weed stocks like NASDAQ:TLRY are going parabolic! Well until the last few days it isn't... We've seen and heard stuff like "Its just a correction." "Buy the dip." " Great time to Buy more." "Dollar Cost Average" etc. Well I'm here to say otherwise!
SMART MONEY IS GETTING OUT
If you've been following Warren Buffet , Ray Dalio and even Mark Cuban and all the other big Financial Investors/Smart Money you probably heard they have been pulling out of the stock market in Spring and are stockpiling cash. The problem is we are nearing the very end of the bull cycle and we are overdue on a Recession.
ECONOMIC IMPACTS
I love being a bull as much as the next guy especially since I have an online business but this growth is unsustainable with company share buy backs this October's Blackout is just the tip of the iceberg, the housing market slowing down due to climbing mortgage rates places like Texas and California are having a tough time selling Houses, Fed raising rates, weed stocks outpacing their true value, the Trade War Tensions between China and US.
HISTORY REPEATS ITSELF/ MARKET CYCLES
The main causes of the Great Depression and Great Recession lie in the actions of the federal government. In the case of the Great Depression, the Federal Reserve, after keeping interest rates artificially low in the 1920s, raised interest rates in 1929 to halt the resulting boom. That helped choke off investment. Also, President Hoover signed into law the sky-high Smoot-Hawley Tariff, which stifled trade and damaged American exports throughout the 1930s. Finally, the President signed a large tax increase into law in 1932, which halted entrepreneurship. READ MORE: fee.org Everything there sounds very similar to whats going on except for the tax increases, we got tax cuts instead, phew.
If you don't believe me, Educating yourself from one of the best economists/hedge fund managers Ray Dalio on the BOOM & BUST Cycles :
general wave counting for Eurusd perspective
EURUSD
in M time frame we can see many complete Elliot cycles, which now we are at the mid of wave no. 2.
after finishing this phase i expect a big bullish wave 3
IT MEANS EURO 0.32% 0.34% WILL BE MORE POWERFUL THAN USD IN NEAR FUTURE. AND USA ECONOMIC trade WAR WILL BE HAPPEN.
never miss wave 3
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AUDUSD - Inverted Head and Shoulders ? Or Short PostionThere are two opportunities here. I am favouring the short bias.
The USD has now over extended, having been on a huge run post Trade War blows with China.
We have two trendlines to act as protection / resistance for the stops.
Great risk / reward ratio.
CADJPY Story Intraday (refer to top left chart), price almost touching the weekly range. When that happens, I am biased on a retracement. Mid-term (refer to H4 and D1 chart), price have touched the Monthly projection and tested 87.000 price which was rejected mid May 2018.
Plenty of trading plan can be produced from this. Bearish Engulfing Candle on H4 and/or H1 would warrant me to short the pair between Frankfurt open until London Close. A bearish moving average crossover on the 30-min chart during London-US session overlap until London close, would warrant me a scalping trade as well.
Anything bullish today, I will observe and re-evaluate. Commodity-backed currencies (Canadian Loonie is one of them) have been well supported after market risk tone shift inspite of the Chine Tariffs was slapped but there was "good news" on the North Korean Nuclear plan issue as well. I am anticipating the market to sell this (fully priced in) eventually and that means dumping commodity currencies.
The range projection for this pair is :
Monthly = 320 pips
Weekly = 160-170 pips
Daily = 70-75 pips