GBPUSD Short or Long ? Hi Buddies
i think we must wait for reaction to marked Zone .
But This issue depends on the reaction of the market to the US missile attack on Syria.
1.45 or 1.40 ?
WAR
Expecting sideways chop in marketsMarket is on hold awaiting whatever events occur in Syria, muted rally indicative it will soon fissile..
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.
Bitcoin:BTCUST Bulls have won out - retest of 7730 on wayBitcoin: BTCUSD Bulls have won the battle for high ground above 6950. look to Buy dips from here to the highs
Well we should have booked about 200-240 profit on long from 7000 as Bitcoin spent 19 minutes dancing either side the
little dynamic, a mercifully short battle before bulls won the day, triggering the long with stops 50 under the line which
were never hit this time. So sorry for raising that stop too high on the original longs from pivot area at 6450-6470 in a
vain effort to protect newer readers from whipsaw risk - just got too cautious, too overprotective. My bad, not chart's.
And to add insult to injury, now we've been stopped out of what was, technically, a sensible trade: the short from 6950,
losing 50 points before spreads. The fact that bulls have won 6950 is very significant.
Bitcoin was expected to encounter a real problem at 6940-6950 and start to come off by at least 250 points which
we were looking to bag...it did come off from 6963, but only 150 points or so before rallying again.
The fact is that 6950 should have stopped Bitcoin dead in its tracks...but people who weren't interested in buying at 5750
are now interested at 6950 - once 6950 is taken back by the bulls the chart will be telling us that the Bulls have won the
war - not just a big battle, but the war to occupy the high ground above 6950 again. That will mean there's no point in
trying to fight this any longer. At that point, if we see it develop, we have to switch back to buying dips - that's a
pennant formation that's been hammered out since Sunday with an upside target at 7730 - it's likely to push higher still in
near term to 7077, and potentially to the next line of resistance at 7137 but unless day-trading we need to look to
buy on the next decline...this is now 'hot' again after being so 'cold' just a few days ago. Such is Bitcoin. Do not expect it to
come back far when the next decline sets in, to 6990-6940 range at absolute lowest now and more likely only to touch
the lower parallel of the impulse wave shown on the chart - 7077 could be as low as it goes, so strong is this wave,
so look to get long and manage your risk.
Long story short, this has 600-700 points upside to 7730 minimum and about 250 max likely downside to 6950 - so you
can go long here and not wait around but the stop has to be under 6860 for now to stay away from whipsaw, or wait and
hope we get a decine to the lower parallel or even a retest of 6950. That would be the ideal, but we are not likely to see it.
Traders choice, down to appetetite for risk. A test of the lower parallel is probably all we are going to see and maybe
not even that...even now it's close to a 3 to 1 return on risk , even with stops under 6950. Trader's choice, dependent on
risk profile. Be lucky. And if day trading keep buying dips back up to the highs/minimum upside target at 7730.
BCH USDT - Fib Levels and Analysis - Bitcoin Civil War?Looking for Entry back into BCH BCC Bitcoin Cash?
After hitting amazing highs on various nearing 2800+, plenty of cryptonites will be gagging to get back on board....
We see the dump bounced at the corresponding fib level giving opportunities for quick profits on the bounce, set good stops for maximum risk management on this one
So loads of FUD about Bitcoin civil war with BCH but just keep waiting till time is right and start rolling in green - Bitcoin parity? :P
Where next?
1200 are looks tempting for proper entry but we may see it also go under 1000/900's or maybe even back to high 700 on a dump spike
Have a powerful weekend and good trades to you all
Major
Waiting for SHORT confirmations on OIL....Technical analyst shows we are starting to enter a OIL down trend, waiting on some confirmations before taking trade, oil still in turbulence, current war like situations between NK, CHINA and USA might keep oil up or allow it to bounce hence that is why we are waiting for confirmations, ie: leave ichimoku turbulence.
On the 1hr its still in up trend, but about to enter a long down, its in ICHIMOKU turbulence now, but yes if it breaks cloud you are looking at 48ish, it can still bounce before that untill it breaks the cloud.
Good Possibility holding a short @0.7540 and shorting again @0.7501 tp@0.734 range for daily support . If wrong ill break even SL@0.752 but if right then nice gain on the Short. Usd has been strong so looking to short everything against usd which makes me think the Bears will break Support and become Resistance . Trading support & resistance would make u want to Go long but i dont think it will respect also with EMA Crossover to support my Prediction . If wrong and break even i will be looking to Go Long targer 0.755 levels and 0.761
USDJPY Between 200MAs and a broken channel April 17-21OANDA:USDJPY just had a breakdown not only breaking the weekly 200MA but also the lower support channel but nothing goes in one direction in the markets so I expect a pullback before another move downwards.
The price is currently between the daily and weekly 200MA so I expect sideways action with a slight bullish bias in the short term. It will be
Daily Fibonacci:
OANDA:USDJPY bounced right at the 50% mark at 108.11 so bulls should have a relief bounce for a few days.
4H Timeframe view:
Unless news or events comes that will cause the risk off to end or strengthen the dollar I expect consolidation between the daily 200MA support and the broken lower channel that should act as resistance. Its also possible that there might be a spike upwards till the weekly 200MA but I dont expect it to break as there should be a lot of overhead resistance on that area.
I still expect OANDA:USDJPY in the long term especially with its correlations have broken their respective supports reinforcing the trend.
Nikkei Daily:
US 10-Year Daily:
Entry: 109.4-110
Stop: 110.6
Profit: 101-103
Any feedbacks are appreciated!
Dash-ing through the showALL EYES ON POSSIBLE SHTF SCENARIO *IF* NORTH KOREA TESTS NUKE SAT APRIL 15
Global Stock markets might crash 3-10% Monday 4/17 *But money could flow in to Bitcoin, which would mean Alts would dump. GLUED to screen, news. Whew.
More like dashing through the shit show. I hate war.
Peace to all.
EURUSD Riding the Trump BounceOANDA:EURUSD bounced off the lower channel with the help of Trump showing a nice reversal to the upside.
Daily Timeframe View:
The channel is still intact so the upper channel trendline is the next logical target from here. OANDA:EURUSD is also currently above the daily 50MA and the 4H 200MA so it might consolidate and even provide support before the next run up.
Entry: 1.06619
Stop: 1.0645
Profit: (tg1) 1.0840 (tg2) 1.092
Any feedbacks are appreciated!
TRUMP Victory-Calling all Hedge Funds - LMT to the Moon-FusionThis is mostly technical analysis based on projected world events.
LMT is a great company period. When it comes to business, if APPL was run like LMT, APPL would be much better than what it is today.
Why?
1) World conflict will intensify - and be dragged on.
2) Fusion reactor will be deploy-able around the continental US in 2020 ( thu this is a rough prediction as GT can not pinpoint the exact date just yet, the date will be a business model driven decision - 80%)
Lockheed Martin is run like a well built machine, aside N. Fusion this company is developing A.I. that is not just impressive, but,.... . And other units are a prime example(like its biological) of how well this company is doing.
TRUMP will increase spending with this corporation.
To the moon Alice!
EUR/RUB – SHORTOn a long-term basis short. Because of a threatening 3. World War between Europe and Russia.
USDRUBNow the Russian ruble is going through the phase of calm, but not for long because it is the calm before the storm of the ruble to fall to 100 rubles / 1 USD . This situation is now displayed on the border of Ukraine and Russia ,, and bryazkanem weapon for creating screens and justification of the cost of war and armament
When predicting micro moves, remember the tide matters... Saudi Arabia controls the price of oil. Once you understand that, all technicals need to include variables for real world political manipulation of the worlds most important commodity. .... "Church of Krümel"
Back in the day, there was a King, he turned off the blood supply to the industrial world. The world went into chaos, wars started... wars stopped. In the end the world found that one country... No, one man controls the affordable supply of the earths most important commodity .
Agree or not with anyone's politics, technical reads, or overall forecasts... My approach is to start with the above in mind.
Until we have a new king or new war, I see no reason to buy oil. Micro channel guys will laugh.. So much money to be made in the foam. This is true, though they may spend more time stressed that their finger is faster than a sword. I just invite those to know there are other ways to skin this cat.. Ways that allow for thought and time to walk outside. Charting has been around a long time. The tools are better.. but not always the results..
