EURJPY: Trade War For My Account Also Welcome everyone to this new trading analysis on this Wednesday!
We are looking at the EURJPY pair on the 4h chart. Trade war between Trump and Xi is real.. Trump stated a few minutes ago that Xi from China offered something good between the deal.
Instantly all XXX/JPY pairs gained momentum to the upside. Good for my positions as im going to the worst trading week since im trading profitable. How is your trading during the trade war going? Any tips for become super focused on anything besides trading?
Comment Below.
Wishing everyone success and great weekend!
WAR
GBP/JPY... What is going on??!!The Pound against the Yen has been short for roughly around the beginning of November and puts pressure for the yen over the new year.
From research, this pair may continue to go down, and here is why. Firstly, the Nikkei 225 has significantly dropped by 17.53% from the 2nd of October to the 28th of December. Reasoning behind this is due to other variables affecting the yen such as the US and China trade war which gives concerning to what Japan may have to face when they trade with the United States on new policies. Especially since Japan is the 4th largest trading partner with the United States, rallying up on $204.1 Billion in 2017.
Britain on the other hand is more focused on Brexit, for those who do not know, Britain is wanting to leave the EU for more tougher immigration laws in order to strengthen the safety of the citizens from terrorism. There are many other reasons but this is the main highlight of why. Some people in Britain do not agree with some of the new policies and laws that the government is trying to put in place, including trade. Confident votes have been used in the government but Theresa May (current prime minister) still has passed in the votes.
Overall, both countries are in the downside at the current moment and we will have to see what 2019 awaits for us all but this evidentially results in a short sell position for short and long term.
Happy New Year everyone!
Gold plunges to 13 months low – Well done ABCD pattern!For the moment, gold is trading near $1,173 after placing a low of $1,160. It recently has formed a sort of a hammer candle pattern on the 2-hour chart. The hammered pattern followed by a strong bearish trend often causes a bullish reversal. That being said, can we expect a bullish reversal?
I wish I could say yes, but gold is still bearish and the violation of $1,181 has opened further room for selling until $1,157 and $1,131. But since the metal is in oversold zone, we may see a bullish retracement in it until $1,181 and $1,187. Stay tuned for more updates!
Short SWKS I hope everyone has had a great Monday.
Skyworks Solutions -1.91% is a semi-conductor company that is traded on the NASDAQ. While I wouldn't normally bet against the semi-conductor industry, this, I believe is a quick short for easy gain.
Trade war tensions have been high and will likely remain high until a deal is struck with China over what President Trump has dubbed a "massive trade deficit." While many economist and pundits scratch their head at this proposition (trade deficits are not necessarily bad, as it allows Americans to purchase more goods at what will be a lower price), it is not important who is right or wrong in a trade war/skirmish, but instead to focus on what will happen in the short term because of the actions of these countries.
That brings me to Skyworks, a company that in regular times I would not never short with a ten-inch pole. Now, however, is the perfect time to bring on the short army.
The main and nearly only reason for this call is a simple fact: SWKS -1.91% currently getting 80% of its revenue from China.
If a trade war were to break out, having this much exposure (whether China pushes heavy tariffs or not) will send this stock tumbling.
For this short position I believe in 2/3 main targets.
1. $93
2. $86
No hold below the $86 threshold would be advisable.
Again, this is a high-risk, high-reward trade.
Disclosure: I/we have no positions in any stocks mentioned, and have no plans to initiate any positions in SWKS -1.91% within the next 72 hours.
Possible BTC path... Thoughts?I think something is going to happen. Might be something good in the crypto market that makes people want to use it, maybe a development that makes it easy to use resulting in on boarding? Or, something very very horrible that makes people rush to crypto because theres fire everywhere, the world markets are crashing, paper money is in hyper inflation and people are in a panic to preserve whatever "money" they have left (and we all know we cant travel on short notice with hoards of precious metals if something happens and people need to move their a$$). Whatever it is (and my gut thinks its the latter rather than the former), my fundamental and technical analysis came up with this possible long chart for BTC going into 2019.
The grey zone is where we could hit before it picks up, around 3900 or so. But than, before 2019 something possibly happens to make people buy BTC. What that is? Who the hell knows... But the way the world is headed I don't think it will be good.
PS - My fundamental analysis considers things outside the scope of crypto itself.
PS - This same U pattern I have been noticing in my charts for a while, they keep coming up. The last ones panned out and than after the path completed the patterns I charted, the market dipped.
Maybe I'm just crazy and just seeing things. Maybe I'm not...
Please comment with your thoughts.
SENSEX INDEX PRICED IN TERMS OF GOLDThe chart of Sensex index in terms of gold.
It don't give a long history, only 11 years.
I ran this chart to answer a specific question;
Will a nuclear war happen?
At least, will India participate in such thing?
A country with booming market reflect a very positive social mood will not engage in a war.
I don't have long enough historic data to get the big picture (at least 20 years of data.)
As the chart show:
1) We have a double bottom and a support line, and
2) A triangle on the right side of the chart.
These tow things suggest that Sensex index and the Indian market as a hall will boom (in terms of gold) in the coming years, hence India will not go to war.
Unconventional weapons and strategy for an unconventional war.I say this is a parabolic war!! Bitcoin taught me a lot about this. Well, I say the US30 is a parabolic situation. If they don't wanna play fair, why should I approach the market with conventional weapons?
No! This is a strange war. So - I'm not gonna play by conventional rules. I don't think that's gonna work.
Overall in trading, the issue is not winning a few battles. It is about winning the whole war. So with Wall Street (US30) I decided that they can have back what equity I've gained but they're not going to put me into a loss once I've caught the equity.
My plan is to build an equity base to fight them at their own game, if/when volatility really gets going lower down.
I'll use whatever it takes. They're not gonna categorise me as trend follower, harmonic trader, scalper etc. Why? Because I'm all of that and more. I'm like Muhammed Ali!! Amma dance around them and show them I can do this in a way they don't expect!
I'll win anyway! How? If I don't lose equity, I've won! That's it! How can I win without winning? See here .
War could send stock markets southFinancial news is something I avoid in general. However, the major events in the news like talk about war is one that I pay attention to. Wars generally sends markets south for a few weeks to months.
The markets have been very nervous of late as there has been the beating of war drums, to launch an attack on Syria. I'm not interested in whether there will be a war or whether it is right. I'll never know the whole truth anyway.
What's important is how markets react.
The Yen is showing early signs of strengthening across most currency pairs, which could be preparatory.
Plan your trades, trade your plan. Do not simply react to news. If the technicals show a favourable position and you can safely stand the risk do it. If not stay out.
GER30 on a possible bullish path.During the turbulence of the trade war USA against the world, we have seen a lot of fluctuations in the price of stocks and the representative Indices. The GER30 particularly has massive volatility and potential to destroy a lot on its path. Having said that, looking at the positive side, if these news stop just for a while investors will see the situation as relief and will risk a bit more. We can see GER30 trades are returning to positive with 3 days in a row positive volume and the MACD is at the beginning of bullish signal. If all these ingredients are enough and the price closes above at least 12130 and escapes the 20d EMA at 12150 we can see price going towards 12250-12400. Be aware that at the moment we have initial resistance zone between 12080-12120. Caution! Volatility can be high in the event of turbulent news and negative comments about the trade war. Good luck.
Risk warning!
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.
Trade War is ON - Rough Week Ahead for Markets [TECH SECTOR]The Nasdaq-100 is about to have another day in the red. Around 3 am eastern, Nasdaq 100 e-Mini Futures
began diving, erasing the minor gains made in the previous session. The futures tend to take big swings during open sessions which IMO means that cable news networks are gonna throw that index ticker up for the day. The drop also comes 5 hours before opening bell which means that futures could be trading even lower by then.
The catalysts that'll be buzzing on the news networks:
Trump Administration's official release on Monday of tariffs on Chinese Imports. The list is lengthy targeting all sorts of products and very specific at times, specifying that biscuit ovens are to be levied. While I am concerned about biscuits, the main focus is on industrials and tech. Semiconductor materials and other intermediate electronics parts are big targets that could have a big impact on the US markets. Not on the list are some apparel items, because sweatshop made t-shirts are too far apparently. We'll see how Nike and Under Armour fare.
Quick retaliation by China. News broke overnight that China will target tariffs on US exports of equal value. Included items are more agricultural related items, Soybeans, Corn, etc. These goods are hard hitting to Trump's voter base. Also included are aerospace and car parts, not good for Boeing and Soybean Futures already dropped real quick. Overall, China does have the upper hand in this trade war, they have growing domestic demand for many American goods and the ability to undercut US companies by growing domestic ones. The US doesn't have that same luxury.
Takeaways:
These are just plans, an overseas mexican standoff, where both countries hold $50 bln (each) on the line. The goal of this trade war isn't to hurt industry, but to have a reason to beat our chests, rile up some voters, and to agree to fix some boring legal issues. So any short should be a SHORT TERM trade, at least at this stage. It's likely that we'll see new lows and the technicals could be different after this week. There are several, probably bullish, reports coming out this week so it'll be a volatile one. I'm personally looking at the Semiconductor Bearish ETF SOXS because it is the one of the crosshairs of this trade war and has the most to lose with their inflated P/E ratios and more sellers looking to take profits while they can. The tech blue chips also have bearish momentum already from a slew of news items, Amazon, Tesla, Facebook, Intel, and so on and so forth.
Technicals:
The 200 Daily MA (Yellow line) may be tested as well as the lower uptrend channel support. Breaking through these supports could be a sign of a longer correction. Yet at the same time they could converge to hold us up longer, but I'm not too confident on that scenario. Here's a look at how the e-Mini Futures played out overnight:
Let me know your thoughts, if you agree or not and why, i'm curious. Give this post a like if you found it helpful!
~NY
***This is not financial advice in any form, do your own thinking***
Trade War Affecting TeslaEvery day I drive by a car shipping port in Richmond, California. When I look by I see whole lots of Tesla's getting ready to be shipped to Asia. Tesla has a big market selling products to Asia and owning a Tesla in Asia is a big status symbol. Yes, the trade war is mostly FUD, but if trump does follow through with the tariffs, Tesla could get hit hard. With the selloff, the market is obviously worried, and they have a right to be. But i don't think the tariff will be enough to put Tesla under. we will really just have to wait and see. If this is FUD, I think we will get a rebound on previous price levels.
GER30 taking the hit from the Trade War.GER30 falling 400 pips in two days over fears in actions against EU imports too, one that was made to reach 12450, turned to a disaster after Trump has signed the trade memorandum which may imposes $60Bln in tariffs on Chinese imports.
1. Statement from the Chinese Embassy in Washington
Strongly opposes US President Trump’s tariff plan for Chinese imports.China to defend legitimate interest with necessary measures.Does not want a trade war but will not recoil from one. US President Trump has signed the trade
memorandum on China; says it is the first of many
2. Trump says section 301 trade action with China could be about $60 Bln in tariffs
3. ECB President Draghi gave an optimistic outlook to EU leaders but warned that protectionism is the largest economic risk
Although, we will hear a lot of comments in the following days, and do not exclude more spikes in volatility and change in price direction as news come in. Caution!
DJI Major Crash to be expected at APRIL/2030DJI have begin a 20 year cicle bull market at 2010! We will pass for two or three corrections before 2030 crash: the first at 2018 with touch at MMA50 or MMA100 (18k and 14k points). The other one maybe at 2025 and if there are two each one at 2024 and other at 2028 small correction announcing the crash. It is funny that it i very close that 30s decade. All will happen again like 2029.
USD DOLLAR LONGI am waiting for a descending move into the previous level of consolidation signified by the green buy area. At that level I plan on buying the DXY and setting my take profit around the Orange 161.80% Fibonacci level. I will use trailing stops in conjunction with price action for the previous days high and low.
Dow Jones Industrial Major Cycles (84 yr major, 17 yr minor)Sup all it's snoop
Today I'm talking about something I have had brewing in my mind for quite a while... Gann's cycles!
One of my heros in trading W.D. Gann was an avid tracker of natural cycles.
84 year major cycle; this is the average lifespan of a human & it is also aboutthe amount of time it takes for the planet Uranus to orbit the Sun.
17 year minor cycle; this is the age to 'maturity' from birth. A new generation of workers can enter enter the workforce full time at about this age as well.
1776+84= 1860; 1860+84=1944: 1944+84=2028
USA Founded, Civil War, WWII, ?
This idea will go on longer than I will live...
One day we will look back on this. How different the world will be then!
Remember --- 'There is no power greater than the power of love'
xoxo
sn00p
In times of chaos, prepare for combat...We live in uncertain times. One needs to be protect themselves from threats both foreign and domestic. How to do that? With guns from American Outdoor Brands Corporation of course!
This company has recently double-bottomed and has great EPS, fundamentals, good P/E, ROE, etc. We will buy when price crosses over the 500 MA.