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BRENT OIL POTENTIAL TO REVERSEHello friends! If you agree with this idea, please give me a like and a follow. It will be greatly appreciated and will allow me to continue posting quality content. My idea for Brent Crude is a LONG position. This is based on technical analysis, however the fundamentals are a little bit unclear for the time being. The Brent price per barrel has bounced off the support line drawn at the $71.00 levels. This has acted as a major support/resistance 4 times in the past year! Could this be a reversal into bullish sentiment? Due to minor uncertainty in the fundamentals, I will be placing a Stop Loss just under this support level to protect myself from risk. Losses can exceed initial deposits when trading in the various asset classes. You can manage your losses by using smart risk management. Identify your Entry, Take Profit and Stop Loss levels before you enter a trade.
TVC:UKOILLong
by StirlingBishop
CBOE VOLATILITY INDEX (VIX) Bull Run - More Green To Come!The CBOE’ VOLATILITY INDEX’ (VIX’) has been doing good numbers increasing over 150% in the past two weeks. The index is now retracing but additional bullish action is expected according to what I am seeing coming from the charts. CBOE VOLATILITY INDEX’ (VIX’) Analysis by Alan Masters Before increasing by 150%+, the VIX’ touched a low point, which is the same as back in December 2006 (8.60); marked with a yellow square and brown line on the chart. After touching bottom back in 2006, the VIX’ went up 1000% (from Dec. 06 to Oct. 08). Here is the chart: snapshot I believe we are seeing something similar now. Additional bullish signals: MACD shows bullish divergence . Bullish RSI and STOCH . New uptrend formed after bottomed was hit. Strong break above EMA10, 50, 100 and 200. Note: Monthly candle is yet to close. This signal will only be confirmed once the monthly candle closes. A close above 18.70 on the monthly candle gives out a strong bullish signal; above 21.09 the signal becomes very strong. Current support: 18.70 Next support: 16.31 Current resistance: 19.70 Next resistance: 21.09 Targets: (1) 24.50 (2) 28.84 (3) 33.63 More targets on chart. Note: This is no trade advice. This information is shared for learning and entertainment purposes only. If you enjoyed this post, please like, comment and follow, your support is highly appreciated. Namaste.
CBOE:VIXLong
by AlanSantana
UK election puts the pound back at riskOver on the price action, we can see that the technical level is not holding up. A previous level where price has bounced is now struggling to hold up. The break out last week was quickly met with selling pressure. Sellers were more than quick to fill orders above that extreme. A snap election in November will most definitely introduce further volatility to the pound. If this election results in a small majority, it would weaken the bargaining power in negotiating the Brexit deal especially as the European Union is not expected to change its position in the negotiations. Over on our daily time-frame, we can observe that price has rejected the level outlined. In fact, this could be classified as a false break-out. Unfortunately, this move is too big for me to enter short and place a stop loss above the previous candle. For the time being, I am waiting for a pullback. If a pull-back does take place, I would consider shorting this pair. For the time being, my bias is short, but I will continue to monitor until the R:R allows for taking a trade here.
Short
by FinancialGamblR
1
CARRY TRADE CYCLES Carry Trade is the one of the most stylish trading system.Example on 1 years : UK interest rates = 0,74 Turkey interest rates = 23 If i lend money with GBP and if i invest in Turkey 2Y bonds my real income is : 23 - 0,74 = 22,26 (%) (yearly) Because of i invested with hot money , Turkish lira will get high and i can buy more Pounds if i want to get interest yield again. If im a good trader or a investment bank , my risk is so so low . Otherwise i can buy a lot of pounds with strong Turkish Lira and get high interest rate when i sell my Turkish lira, Turkish lira gets cheap and this time i can get a lot of Turkish lira again. This cycle is so profitable and suitable for community trading psychology. So carry traders transform market makers and every movements have affect for market making and it is more profitable and secure. But for an English invester, if Turkish economy get worse, even Turkish lira getting cheap and interests are not incresing or devaluations like Turkish lira got a few days ago or interests rates in dangerous places (%23 - %25 means %100 ROE in 4 years) everything getting more worse with double affect, fiat and interest rates opposite correlation lost and everything getting so much risky. This is an example on historical data. I choosed Pound because UK's interest rates are more lower than USA.This idea will show why last year :GBPTRY drops a lot and this year is different. Let's see Turkish Lira's different between market conditions conveinent for Carry Trading or opposite.Best regards.
Education
by Noldo
Short Trade FTSE100 - Test Ending Diagonal Looking at the Macro analysis in my last published idea, have been waiting for. good entry on the FTSE for the past couple of weeks. See above my idea. Good R:R for this trade. I suspect we are currently experiencing wave c2 - I will be looking to catch the trip to the downside for wave 3/4/5 for a test of the lower bound of the diagonal. Considering chart pattern, we have broken a bull pennant to the downside and this wave 2, in my mind, is the rested before markdown. My stop loss has been placed at the point where my opinion is proved wrong and a recount will be required. Once my order is filled and price moves in my favour, I will move in my stop loss to increase R:R - then just let it play out. Although I do see the FTSE being bearish over the coming months, that will change if I am stopped out the upside here. For more in depth analysis - join me here - t.me or on twitter @Colgal92
TVC:UKXShort
by ColinGallaghere5
3
Coinbase accepts fast £GBP deposits [FPS] for Bitcoin...Some progression in the UK at last for buying cryptocoins... the best site to buy crypto in the UK was cryptomate.co.uk (still has WAY more than ANY other!) now Coinbase has opened up the Faster Payments System with the UK banks so you can now instafund your Coinbase account with very little waiting time! ETC will be added on the 7th August you can sign upto coinbase here: goo.gl (fee free trading and withdraws) ------------------------------------------------------------------------------------ BTC/GBP: Going to see some more volume on this pair in August and beyond Charting this so UK buyers can get an idea of levels are targets while the US dollar controls the price still Seems like we had a Golden Cross form on the 22nd July and the COP moved up into the Bull area a week before that and it produced positive moves towards the last high of £6475, selling pressure has forced it down to the very strong support of the 0.618 fib level just shy of 5600 If this fib support holds then we can see retests of the last high and most likely with current market conditions to fake out and rebound back down to the last 2018 major lows of £4100-£4400, if the fib level breaks we can consider these targets without going to test the last highs good trades to all, come join us in our chat or leave questions in comments below....
by majorlee
9
SHORT Ftse?The selling opportunity could still be on from what was discussed a couple of days ago. If it is the case, this is a great area to look for those opportunities. The Daily Pivot is providing support and there is also a level at 7660 which will need to break and hold to give us a chance of a significant move. Brexit continues to weigh heavily on decisions for the FTSE. Each and every change in the sentiment of Brexit is causing fluctuations in the Pound and subsequently knocking on to what happens to the FTSE. We are also in earnings season, which to this point has been pretty positive. With so many different potential drivers we need to stay nimble and on top of the News and Data. 9:30 am we get another peak under the hood of the UK economy with the release of Retail Sales. I suspect before the release of this number trading will be very difficult and rangy. We also have to consider whether the release of this number will make any defined difference on the day, leaving us in wait and see mode for another day or so. Current bias, is to be patient and let the information unfold to give us more clarity.
TVC:UKX
by DollarsNSense
1