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Trading Plan for Wednesday, May 15th, 2024Trading Plan for Wednesday, May 15th, 2024 Market Sentiment: Bullish, consolidating within a tight range after a strong rally. The market could continue to build out a bull flag pattern or break out directly to new highs. Key Supports Immediate Supports: 5329 (major), 5318 (major), 5302-04 (major) Major Supports: 5272-74 (major), 5236 (major), 5208 (major) Key Resistances Near-term Resistance: 5347 (major), 5365-67 (major), 5386-89 (major) Major Resistances: 5404-07 (major), 5450 (major) Trading Strategy Chop Zone Management: The market is consolidating within the 5302-5347 range, with an even tighter range of 5329-5347. Avoid overtrading and focus on level-to-level scalping for small gains. Long Opportunities: Look for a bounce and reclaim above 5317 if the 5309-11 area is tested. If the market dips lower, consider longs at 5302-04, 5272, or 5287 (major). Short Opportunities: As always, avoid shorting green candles and breaking trends. If considering shorts, 5342-47 may offer a potential dip, but proceed with extreme caution. Bull Case Bull Flag Continuation: The market may continue to build out the 5309-5342 bull flag pattern, potentially breaking out for a new push into all-time highs (ATHs). Target 5359, then 5375-77 in this scenario. Consolidation and Breakout: If the market consolidates within the 5329-5347 range and breaks out above 5347, it could target the resistances mentioned above. Adding on Strength: Monitor overnight action for potential flagging below 5219 as a possible entry point for adding to long positions. Bear Case Breakdown Signals: A convincing break below 5302 could trigger a deeper retracement, potentially targeting 5272 and lower. Entry Points: Look for a bounce attempt and rejection at 5302, then consider entering a short position around 5300. Remember to manage risk with level-to-level profit-taking. News: Top Stories for May 15th, 2024 📈 Renewed Market Rally: The stock market has experienced a renewed record-setting rally, surprising many of Wall Street's top strategists and prompting revisions of year-end S&P 500 targets. This surge reflects robust confidence in market fundamentals and investor optimism. 🌍 Geopolitical Tensions and Commodity Prices: The death of Iran's President Ebrahim Raisi in a helicopter crash has introduced new uncertainties into the oil market, potentially affecting global oil prices. Concurrently, gold futures have reached new record settlements amid growing geopolitical tensions and rate-cut expectations. 🏦 Federal Reserve's Economic Outlook: The minutes from the Federal Reserve's latest meeting are highly anticipated as they may provide further clarity on the timing of potential rate cuts and reveal the level of consensus among policymakers. This release is crucial for understanding the Fed's future monetary policy direction. 💼 Corporate Earnings Reports: Nvidia's earnings report is particularly significant as it is a key driver of the S&P 500's recent growth. Investors and analysts will be closely watching this report to gauge the health of the tech sector and its impact on broader market trends. 📊 Global Economic Indicators: Recent data releases, such as the CPI report and retail sales data, have fueled speculations of a cooling economy. These indicators are essential for assessing the overall health of the economy and potential shifts in monetary policy.
CME_MINI:ESM2024Long
by spytradingpro
SPx (Still or Yet...)SP500 Index Forecast The price continues to attempt a correction towards 5281 as long as it trades below 5320. However, overall stability above 5325 would indicate a continuation of the bullish trend towards 5360 and beyond. The bearish scenario will be activated if the price breaks below 5281 and 5266. Pivot Line: 5313 Resistance Levels: 5325, 5340, 5357 Support Levels: 5281, 5263, 5227 Today’s expected trading range is between the support 5264 and the resistance 5370. Meanwhile, U.S. rate futures indicate a 3.6% probability of a 25 basis point rate cut at the June FOMC meeting and a 22.8% chance of a similar cut at the July policy meeting.
OANDA:SPX500USD
by SroshMayi
USNAS100 (More Bullish Pressure)USNAS100 New Forecast The price remains under bullish pressure, aiming for further gains to record a new all-time high. As long as it trades above 18650, the bullish trend is expected to continue towards 18790, 18950, and 19100. However, if the price reverses and stabilizes below 18600, it indicates a correction down to 18435. pivot line: 18655 Resistance Price: 18790, 18950, 19100 Support price: 18555, 18435, 18230 Its range for Today will be between Support 18550 and Resistance 18790
OANDA:NAS100USDLong
by SroshMayi
Trading Plan for Monday, May 20th, 2024Trading Plan for Monday, May 20th, 2024 Market Sentiment: Bullish, consolidating after a historic rally. Key Supports Immediate Supports: 5309-11 (major), 5302 (major), 5294 Major Supports: 5267-72 (major), 5232-35 (major), 5208-11 (major), 5150-55 (major) Key Resistances Near-term Resistance: 5329, 5333 (major), 5342-5345 (major) Major Resistances: 5375-77 (major), 5404-07 (major) Trading Strategy Consolidation & Pattern Formation: The market is in a post-rally consolidation phase, likely forming a bull flag pattern between 5309 and 5342. Expect choppy trading with potential for breakouts or breakdowns. Long Opportunities: Wait for a test of 5309-11 support, followed by a bounce and reclaim above 5317, as a potential long entry signal. Short Opportunities: As always, avoid shorting green candles and breaking trends. If considering shorts, wait for a confirmed breakdown of 5302, then look for an entry around 5300 after a bounce or failed breakdown. Level-to-Level Trading: Focus on scalping profits within the range as the market consolidates. Exercise patience and avoid overtrading in this choppy environment. Bull Case Bull Flag Continuation: The market may continue to fill out the 5309-5342 range, potentially leading to a breakout toward new all-time highs. Target 5359 and 5375-77 in this scenario. Adding on Strength: Monitor overnight action for potential flagging above 5309 and below 5219 as a possible entry point for adding to long positions. Bear Case Breakdown Signals: A breakdown below 5302, with confirmation from a bounce attempt and rejection, would signal a more significant correction. Use caution with breakdown trades as they are prone to traps. News: Top Stories for May 20th, 2024 🇨🇳 Steady Benchmark Lending Rates in China: Amidst ongoing efforts to stabilize the property sector, China's central bank has maintained its benchmark lending rates. This decision follows a series of bold measures aimed at addressing challenges in the property sector, highlighting the delicate balance the government seeks to maintain in its economic policies. 🏦 Federal Reserve's Upcoming Policy Meeting Minutes: Investors are keenly awaiting the release of the minutes from the Federal Reserve's recent policy meeting. This document is expected to provide critical insights into the Fed's economic outlook and future policy directions, influencing market sentiments and investment strategies. 🌐 Geopolitical Tensions and Trade Policies: The global trade environment remains tense as geopolitical issues continue to unfold. Notably, the U.S. President's decision to raise tariffs on Chinese goods has reignited debates over the economic impacts of such tariffs, with potential repercussions for international trade relations and domestic economies. 📉 Global Market Reactions to Mixed Economic Data: As the world economies emit mixed signals, global markets are poised for a potential summertime rally, albeit with an awareness of the risks that could derail such optimism. This scenario underscores the complex interplay of economic indicators and market psychology in shaping investment landscapes. 🏦 Regulatory Adjustments and Financial Sector Implications: Discussions among regulators about reducing proposed capital requirements signify a shift that could enhance the clout of banks. Such regulatory adjustments are crucial as they could affect the stability and operational strategies of financial institutions globally, reflecting broader trends in financial regulation and oversight.
CME_MINI:ESM2024Long
by spytradingpro
GOLD FORECAST The current analysis indicates a bullish trend for OANDA:XAUUSD , provided it stays above the pivot line at 2438. Currently, the price seems poised to consolidate between 2450 and 2430 before any breakout occurs. The prevailing bullish pressure suggests that if trading remains above 2438, the trend will continue upwards. If the price dips below 2438, there are two scenarios to consider: A retest to 2430 followed by a continuation of the bullish trend. A deeper retest to 2410 before resuming the bullish trend, as illustrated on the chart. The price is expected to rise to 2463, and stabilizing above 2463 could lead to a further increase to 2475. Key Levels: Bullish Line: 2463, 2475 Pivot Line: 2438 Bearish Line: 2430, 2410, 2396
OANDA:XAUUSD
by RojBarwari
COMPOUND INTEREST: The Secret SauceIn this video I cover the topic of "Compound Interest". I go over the WHAT, WHY, WHO and HOW of it. The Importance of Compound Interest in Trading Compound interest is a fundamental concept in the world of finance and trading, offering a powerful mechanism for growing wealth over time. Unlike simple interest, which is calculated only on the principal amount, compound interest is calculated on the principal and also on the accumulated interest of previous periods. This seemingly small difference can significantly impact long-term investment returns. Amplifying Returns In trading, compound interest can exponentially increase the growth of your account. When profits from trading are reinvested, they start to generate additional earnings. For example, if a trader earns a 10% return on a $1,000 investment, they would have $1,100 after the first period. In the next period, the 10% return is calculated on the new total of $1,100, resulting in $1,210, and so on. Over multiple periods, this effect leads to exponential growth, far outstripping the returns from simple interest. Long-Term Benefits The magic of compound interest becomes particularly evident over longer time horizons. The longer an investment is allowed to compound, the greater the potential growth. For traders, this underscores the importance of patience and a long-term perspective. By consistently reinvesting earnings and allowing them to compound, traders can achieve significant wealth accumulation even if individual trade returns are modest. Mitigating Risk Compound interest also highlights the importance of managing risks and minimizing losses. In trading, avoiding substantial losses is crucial because significant drawdowns can severely disrupt the compounding process. A trader who loses a large portion of their capital will need significantly higher returns to recover, which can be challenging. Therefore, prudent risk management and maintaining steady, positive returns are key to leveraging the power of compound interest. Psychology plays a role as well as losing large amounts of your account can negatively affect your decision making. Conclusion Understanding and leveraging compound interest is essential for traders aiming to maximize their long-term returns. By reinvesting profits and allowing them to compound over time, traders can achieve exponential growth in their investments. Coupled with effective risk management, the power of compound interest can transform modest returns into substantial wealth, making it a cornerstone of successful trading strategies.
Education
by Road_2_Funded
1
[BTCUSD] - EXPANSION! 🔸in daily chart can notice a power of 3 (Accumulation ,, manipulation ,, Expansion)" 🔸we are in stage 3 (expansion) accordibg to my vision.. that matching so likely with RSI indicator...(breaking out multi-month trendline) 🔸must be considerd that the price breaking out a POC line with large green candle too 🔸price now testing the 0.618 fib (golden level) 🔸so that... need a daily close above the golden level and u will watch new ATH for BTC. appreciating for supporting us with ur like and hit "follow" for more updates🎯
BITSTAMP:BTCUSDLong
by ceciliones
4
Want to spot a turning point in trend before it happens?Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal characteristic in the C wave position. As a rule, in a Zigzag rally, wave B notably terminates above the origin of wave A. When wave (C) advance of a zigzag rally is in operation, we can forecast where wave (C) might end. We can use Elliott wave channel projection by connecting the origin of wave (A) with the end of wave (B) and then drawing a parallel line from the end of wave (A). As a guideline, the resulting channel gives us a potential target for the wave (C) endpoint. Moreover, we can also use ratio analysis to improve the odds. As a guideline, in Zigzag formations, wave (C) commonly ends after traveling the same length as wave (A). Observe this level corresponds with the Elliott wave channel projection. This cluster of evidence hints at wave (C) advance from Mar 2020 is in late stages and that prices are approaching a major top.
Education
by Aquanet_Market_Forecast
17
#QTK, THE BACKTESTING PLATFORM COIN, COULD SURGE 20-30X!QuantCheck (QTK) is a platform designed to enhance cryptocurrency trading strategies by providing users with the ability to simulate past market conditions. It's akin to a tool that allows traders to test their strategies as if they were using a time machine. With a limited supply of just 120.75 million tokens, there's substantial potential for growth. Having utilized the platform myself, I find it immensely beneficial. The recent launch of the QTK token has sparked my interest, and I see parallels between its potential and that of AITECH. I've made a significant investment in QTK, motivated by both its effective product and promising tokenomics. As of now, QTK is trading at around $0.65, with an accumulation zone estimated between $0.70 and $0.64. In the short term, over the next 4 to 8 weeks, I anticipate a price target ranging from $2 to $5. Looking ahead to the mid-term, spanning 3 to 6 months, I foresee potential targets of $5 to $12. In the long term, I believe QTK could reach heights of $20 to $30. I'm optimistic about the future of QTK, considering both its technical aspects and fundamental strengths. Feel free to share your thoughts and analysis in the comments. DYOR,NFA
QLong
by CRYPTOMOJO_TA
5
Request Any Instrument - Celebrating 3k Ideas on TradingView🎉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🎉I am thrilled and grateful to announce that we have reached 3,000 ideas on this amazing platform. Your support, engagement, and feedback have been invaluable in making this possible. It is an honor to be part of such a talented and passionate community of traders and investors. 📌To celebrate together, feel free to request any instrument (crypto, stock, forex...) in the comment section of this post. I will analyze it as soon as possible and post it as a reply to your comment. ____________________ I want to express my heartfelt gratitude to each and every one of you who has followed my profile, liked my posts, shared your insights and ideas, and left comments. Your contributions have made TradingView a vibrant and supportive community, and I am proud to be a part of it. I look forward to continuing to share my trading insights and analysis with you, and to learn from the incredible expertise and experience that you all bring to the table. Thank you once again for your support, and here's to many more successful trades together! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
73
Trading Plan for Friday, May 17th, 2024Trading Plan for Friday, May 17th, 2024 Market Sentiment: Uncertain, as the market shows signs of fatigue after 10 consecutive green days. Traders are anticipating a pullback and adjusting strategies accordingly. Important Note: It's OPEX Friday, which often leads to choppy price action and pinning (price moving a lot but ending near the starting point). Exercise caution and be prepared for potential traps. Key Supports Immediate Supports: 5309-11 (major), 5294 (major) Major Supports: 5271 (major), 5249 (major), 5217-20 (major) Key Resistances Near-term Resistance: 5329-31 (major), 5342 (major), 5361 (major) Major Resistances: 5398-5400 (major), 5433-36 (major) Trading Strategy Post-Rally Caution: The market is overdue for a correction after the recent parabolic move. Prioritize protecting profits and consider reducing exposure. Long Opportunities: Look for failed breakdowns at 5309-11, followed by a reclaim above 5314, as a potential long entry point. Short Opportunities: As always, avoid shorting green candles and breaking trends. If considering shorts, look for a test and bounce/failed breakdown at 5309-11, then consider shorting at 5306 for a move down the levels, exiting all runners at 5294. Proceed with extreme caution as shorting in an uptrend is risky. Level-to-Level Focus: The breakout from the downtrend channel has created a volatile environment. Trade the provided support and resistance levels rigorously and take profits aggressively. Bull Case Holding Support: Defending 5309-11 is crucial for maintaining short-term bullish momentum. A hold here would allow for further base-building and potentially another leg up to 5330, 5342. Bear Case Breakdown Signals: A convincing break below 5309-11 triggers a more significant dip. Consider shorting at 5306 after a bounce/failed breakdown confirmation, with level-to-level profit-taking. News: Top Stories for May 17th, 2024 🌍 Eurozone Financial Stability Risks: The European Central Bank has issued warnings regarding the fragility of financial stability in the Eurozone amidst ongoing geopolitical tensions and policy uncertainties during a significant election year. 💼 U.S. Defense Spending Surge: Recent U.S. military budget allocations have reached new heights, with significant implications for global military and defense strategies. 💰 China's Treasury Sell-Off: In a notable shift in financial strategy, China has reduced its holdings of U.S. Treasury and agency bonds, marking a record sell-off that underscores evolving trade and economic relations. 📉 Federal Reserve's Interest Rate Strategy: The Federal Reserve signals a cautious approach towards interest rate adjustments, reflecting ongoing concerns about inflation and economic recovery. 📈 Global Trade Dynamics: A significant rebound in global trade is anticipated, driven by easing inflation and robust economic activities in key regions, promising a shift in international trade flows and economic recovery.
CME_MINI:ESM2024Long
by spytradingpro
Trading Plan for Thursday, May 16th, 2024Trading Plan for Thursday, May 16th, 2024 Market Sentiment: Bullish, but highly extended and statistically due for a significant pullback after 10 consecutive green days. Proceed with extreme caution and prioritize protecting gains. Key Supports Immediate Supports: 5308-10 (major) Major Supports: 5272 (major), 5253-56 (major), 5200-02 (major), 5145-50 (major) Key Resistances Near-term Resistance: 5327-31 (major), 5337 (major), 5370-72 (major) Major Resistances: 5395-5400 (major), 5430-35 (major) Trading Strategy Extreme Caution: 10 green days in a row is statistically rare, and a deep pullback could occur at any time. Long Opportunities: Avoid chasing long entries at current levels. Focus on potential bids at 5308-10 only after a dip and strong reaction (ideally, a failed breakdown of the afternoon low). Consider deeper longs at 5272, 5253-56, or lower majors only on strong confirmations (failed breakdowns of lows, etc.). Short Opportunities: While shorting in a strong uptrend is discouraged, those comfortable with counter-trend trades may consider the 5370-72 zone, but only after a bounce/failed breakdown. Proceed with extreme caution. Prioritize Preservation: Focus on protecting profits and minimizing risk exposure in this highly uncertain environment. Avoid overtrading and wait for high-probability setups. Bull Case Ultra Bull Case (Unlikely): ES needs to hold above 5308-10 on any dips, with a new base forming between 5308 and 5331. This would be the most bullish scenario, leading to a potential test of 5337, 5348, then 5370-72. Bear Case Breakdown Signals: A convincing break below 5308-10 could trigger a substantial dip. Watch for bounces/failed breakdowns at 5272, 5253-56, and lower major supports for potential long entries if the market rebounds. If 5308-10 fails, consider shorts after a bounce/failed breakdown at 5300. News: Top Stories for May 16th, 2024 📈 S&P 500 Hits All-Time High: Yesterday, the S&P 500 index reached a new all-time high, closing at 5,253 points. This reflects investor confidence and market optimism driven by favorable economic indicators and expectations of accommodative monetary policy from the Federal Reserve. 🌐 IMF and World Bank Spring Meetings: The International Monetary Fund (IMF) and the World Bank are preparing for their spring meetings amidst ongoing geopolitical tensions and economic uncertainties. These meetings will address global economic issues, including conflict impacts and strategic economic adjustments. 🏦 UN Economic Update: The United Nations will launch the mid-year update of the World Economic Situation and Prospects 2024. This update will assess global economic conditions, highlighting challenges such as high interest rates, debt difficulties, and geopolitical risks. 📊 Wall Street Analyst Revisions: Wall Street analysts are revising their forecasts for the S&P 500 due to the market's unexpected strength. This reflects the dynamic nature of market expectations and investor agility in navigating the evolving financial landscape. 🌍 Critical Minerals Demand: Global economic discussions are focusing on managing the demand for critical minerals essential for low-carbon technologies. This ties into broader sustainability goals and the economic opportunities and challenges for developing countries.
CME_MINI:ESM2024Long
by spytradingpro
SHORTING EURJPY with tight SLshort below 168.309 SL 168.315 TP 166.995 (flexible) Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. 3. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more details
Short
by Kingsley_lotanna
2