Get started

Trump

EURUSD - Wyckoff schematic formingAs per the last Wyckoff posts on NZDUSD - the software we use to plot the Elliott waves show a drop from the top of leg 3 down to a 4 on the weekly timeframe. This is further supported by the level of exhaustion seen on DXY. It now needs to breathe, looking at the structural setup of the Wyckoff schematics we can see that we have had the PSY followed by the BC which also happened within a daily order block level. Usually, at highs and lows (exits from zones) we also expect to see a drop or rise from the zone and a retest up to the level. This is where EURUSD is currently in the daily structure. Overall I am looking for the price to pop up a little and test the Imbalance and order blocks on lower TF's - that tags the OB level on the daily which is the retest. Then a drop down to give DXY strength and complete leg 4 of the EU weekly Elliott pattern. This week COT data shows leveraged funds have added 3,500+ shorts to their Euro positions - although Long overall, it supports a drop to 4 and up to 5 in coming weeks. Oanda sentiment has a 61.8% net long Euro & as we all know 70%+ of retail traders lose money. I have added our swing indicator, Quadratics and Stochastic falsebar - just to show the current situation on the Oscillators. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Short
by Mayfair_Ventures
1
SPX - S&P500 ,SP500Things are likely to give confusing messages today, with the addition of Tesla to the market. The overall momentum is Bullish, Tesla will most likely drive up the price further. However, the market needs to pullback to collect liquidity if nothing else. Remember whenever there are buyers, people need to be selling to them. Be patient on any trade entry long or short as we could see some decent spikes between now and early in the New Year. Stochastic on both the daily and weekly are overbought - worth noting. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FOREXCOM:SPX500Short
by Mayfair_Ventures
1
AUDUSD - LONG overall, short pullbackIf you take into account the Wall Street cycle we can see the main points in the market move. On a technical level we have a weekly Elliott 3 top forming looking for a pullback to point 4. This is supported by the DXY oversold level on it's stochastic. COT data is showing a move toward short positions (not heavily) so again further support of the drop. Extension levels show the regions 0.7600 and 0.7450 as areas of interest for the drop. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
Reporting of the Reporting? (Jan 1st 2021)Not a metric one would hope keeps exploding upwards, but it will be interesting to see what the USA COVID-19 death reporting looks like over the next year now that 2020 is over with. Hopefully by summer we see these numbers flatten again, but I expect a new surge around August/September 2021 along with the changing of the seasons and weather. These conclusions should be pretty obvious to most. Expected 2021 EOY USA Cases: 650,000 - 786,000 Deaths Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
D
by Hambooger
Gold- XAU SafetyGold has a potential pullback to go long. (ignore the 0-5 levels) more the idea in general terms. The DXY requires a pullback this lines up with some Delta turning points. With Bitcoin, SPX and Gold rising as the DXY drops. The Correlation makes this an obvious next step. Just a question of when. If you look at the monthly chart (below) You will see the trend of the stochastic is down - additional confirmation of a pullback. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FX:XAUUSDLong
by Mayfair_Ventures
NZDUSD - follow up Check out the link in the related section, Done exactly as planned. Now it's slowed down, into the zone. Waiting on confirmation short. It could pop up a little more but bias is short still. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Short
by Mayfair_Ventures
DXY, Bitcoin, SPX (S&P500), Euro & GoldLess of a tutorial and more of an observation. Worth a look at the relationships if your new to trading. Bitcoin's addition is intriguing. Wishing you all a Merry Christmas and a Successful New Year. Comments & Discussion welcome. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
1
ridethepig | Dollar for the Yearly Close📌 Dollar for the Yearly Close Now comes the dollar complex which we have covered several times - the artificial devaluation which we were tracking in 2019 has arisen: Dollar bears now have a good position, because it is looking highly unlikely that Trump can pull this off now and manage to force a stop to the artificial devaluation. This somewhat clumsy move of a Biden/Harris WhiteHouse alongside a GA senate flip which looks cooked to come in January - will expose badly the USD and nothing will be able to prevent it from hanging on. The struggle to control a private debt problem by issuing more private debt is a serious mode for the birds. ...Monetary policy, or better said, Keynesian economics has the difficult task of proving its worth now: For USD the chance of setting up a counter attack of the highs is diminishing on all wings. As we are seeing, frequently the 90.0x handle has been difficult to crack, so it is clear that we need to pay attention to a breakdown here as it unlocks the possible momentum force towards the nearest support at 77.8x. Another extremely violent example of capital outflows looks around the corner for the U.S in 2021. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:DXYShort
by ridethepig
6
AUDUSD - Nearly there...After the post on the 20th of November Long. It looks like AU has tagged the area marked & could now be looking for at least a pullback. check the long call link below and you will see why the potential reversal is here. (nearly here) Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Short
by Mayfair_Ventures
Trump Feb Winhey everyone, I will be discussing the Trumpfeb token which is traded on FTX. This token will give one dollar to those that bought the token if Trump is still president on February 2021, or 1 dollar to the one that sold it. it is a token with leverage so quite risky to be honest, so do not try it if you are not used to leverage. I put this idea here as it will help me follow the different events and see how the market reacts to it. I disclose my position to you, I think Trump should win as he won before the shenanigans but it is sport to see how it plays out. I hold some Trumpfeb that I bought around the 1.10 on average. A lot has happened since the election, but I will talk only about the events starting today. If you have some comments to make or you want me to amend certain comments that are not factually correct, comments. I will update this idea daily, so come back to see how it changes. By the way, I will be impartial which means no emotions, if you see some partiality tell me. The green rectangle is the area at which if trump holds for several days win in my opinion. Cheers, Cryptomamy
T
by Cryptomamy
GBP/USD Long or Short?An interesting level here for cable, over the last few weeks we have seen a sharp rise with pound strength and USD weakness largely caused by the vaccine news, and the US election circus. Depending on how this uptrend level holds (highlighted in purple) will give a strong indication of direction. Technically it's in middle ground with strong arguments for against with key zones on both ends. Fundamentals will play a large part from Vaccine roll out, to Trump slowly handing over control and admitting defeat towards Christmas. If the trend holds and we start to see a push back to the high, a long order will be confirmed (Option A). If we are able to have a substantial break in trend, then short option B) would be our play. High on the watch list and will be posting orders on either scenario shortly. Good luck.
by Orion-Markets
AUDUSD LongFollowing the Elliott pattern on the 'Advanced Get' Tool. DXY weakness still which will stay the same until SPX slows a little. The risk seems pretty much off at the time of writing. IG Trader sentiment is 68% short, giving further validation of a contrarian view. COT data - Asset Managers are only 50.50% long whilst LEveraged funds are 60.89% Long. Meaning it's pointing north but slowly. This also marries the current chart situation. We can also see a bias to AUD over USD slightly shrinking this week from 86% to 85%. A couple of potential targets to close out the 5th wave on the Elliott formation, the MoB level, and up to the Fib extension are probable. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
USD Strength coming to town. DXYThere's a turn in the trend due around the 30th as part of the cycles. This lines up with an Oversold (currently - false bar stochastic) As well as the hyperextended S&P. This could be a good indication of the bubble growing and no place to run. Let's see... Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
TVC:DXYLong
by Mayfair_Ventures