USDOLLAR / DXY (monthly) : Faking below yearly low?30 yr yield is already making lower lows since March 2019 (signaling risk). Shouldn't DXY be negatively correlated to it?
DXY has recently dipped below a yearly low to collect liquidity. It's also an exit for trapped sellers from Jan 2018 low (blue box).
Watch out for a rally on monthly charts for DXY!
DXY up => risk OFF => Crash in stock market.
Let's see how this plays out.
SDX1! trade ideas
USD SellThe Futures of USD Indexfinished the week on a red as the accompanying volume increased.
The growth of US dollar 3 weeks ago was with wide spread and low volume, showing no demand in place. Additionally, the price rejected to break the resistance level from March.
This is a sign of weakness as a new sell-off is comming in next weeks.
The most recent and strong support level is at 90 points. There is a trend line, which first point is in 2011, the second in 2014 and the third is going to be in 2020.
USD still bullishThe USD index turned bullish last month, retraced and appears to be ripe to rip.
Over the early part of this week, the USD index formed a piercing pattern just after it broke down the 55EMA (orange line). A gap up followed today’s opening, and if this follows through, then bullishness of the USD is firm.
Consequence to the USD upside includes a weaker S&P500, crude and precious metals.
Dollar Index Bullish BreakoutThe USD Index DX1! had a bullish breakout from near the end of a wedge.
This is a legit buy signal and appears to be a larger trend change, a after bullish divergence (on the MACD), with very big consequences... as it all leads towards the US Elections.
System Buy Signal generated, MACD supportive and crossed up into the bullish territory.
Be aware and beware!
DXY : 3 pockets of sell side liquidity ready to be raided!There are 3 pockets of sell side liquidity right below us, which are ready to be raided!
Short term : ICEUS:DX1! will head lower in search of liquidity
Long term : ICEUS:DX1! will go higher once liquidity pockets have been raided.
Also, lower DXY means higher S&P in the short term, lower in the long term.
Next Week's Trading Plan = Last week's result: +57% R.O.I.The week that was... *** Real Time Trading ***
We (and you?) have just completed 135 consecutive hours of Live Trading, while simultaneously posting the trades in Real Time on this TradingView page.
This Live Trading Session(s) took place from September 13., 2020, 18:00 EST - September 18., 2020, 16:00 EST; I.e. five (5), consecutive and continuous trading days, from Sun.-Fri..
How did it all turn out? - Just as the title suggests: "+57% R.O.I".
This post is a summary, as well as a repository for the *** Links to all the live posts *** made during those 135 hours.
1) If one traded along then one has probably long tallied up the results (and the money :-), so obviously, very little use to read on;
2) If one is interested to review / verify / analyze the trades (as one should!), posted during this live trading period. In which case the relevant posts are LINKED BELOW, where all the trades are posted as they were placed.
** However, it will be your task to scroll through(down) to find the relevant ** Real Time entries **, as these posts also contain other, relevant but static information - such as trade setups, etc.; i.e.: just additional, regular "stuff".
The Trading System / Techniques used during these Live Trading Sessions are described in detail, in this post:
"Nasdaq 100 E-mini; +2036 pts. profit the last 14 days. TUTORIAL"
First: These are the LINKS to all the relevant posts containing the Live Sessions posts / markets:
- These are Not in chronological order! The actual clues for the Live Trades are further down,
in the dated list, *** following this First list, in Chronological Order ***.
-------------------------------------------------------------------------------------------------------------------------------------------------------
Nasdaq100 E-mini
THe FAANGs
EURAUD
EURUSD
AUDJPY
AUDUSD
AUDNZD
AUDCAD
GBPJPY
*** We are Not counting this one but one might want to look at it, anyways.
This has missed Live Trading Week by 24 hours. Nevertheless,... it's a fair one :-)
*****
====================== ... and finally, here we go ... =================================
September 13., 2020; Sun.
---------------------------------
Look for this Nasdaq100 chart:
+30.25 points;
Look for this EURUSD chart:
1.1834
.. and this EURUSD chart ...:
-15 pips
September 14., 2020; Mon.
---------------------------------
Look for this EURAUD chart:
... and this EURAUD chart ...:
+84.5 pips;
September 15-16., 2020; Tue.-Wed.
--------------------------------------------
Look for this EURAUD chart:
-7 pips;
Look for this EURAUD chart:
+5.5 pips
Look for this EURAUD chart:
... and this EURAUD chart ...:
+38 pips
... and this EURAUD chart ...:
+0 pips (scratch)
Look for this AUDJPY chart:
+52 pips
Look for this EURUSD chart:
-18 pips
Look for this Nasdaq100 chart:
+89 points;
... and this Nasdaq100 chart ...:
+243.50 points;
Look for this GBPJPY chart:
+28 pips
... and this GBPJPY chart ...:
-12 pips
September 17., 2020; Thur.
----------------------------------
Look for this Nasdaq100 chart:
Look for this AUDJPY chart:
... and this AUDJPY chart ...:
+32.5 pips
Look for this AUDUSD chart:
... and this AUDUSD chart ...:
+30 pips
Look for this AUDUSD chart:
0 pips (scratch)
September 18., 2020; Fri.
-------------------------------
Look for this Nasdaq100 chart:
+198.75
Look for this USDJPY chart:
+19 pips
------------------------------------------------------
Futures Totals:
------------------
Nasdaq100 E-mini Total: +561.50 points;
Forex Totals:
----------------
EURAUD: +121 pips
AUDJPY: +84 pips
EURUSD: -32 pips
USDJPY: +19 pips
GBPJPY: +16 pips
------------------
Total: +208 pips
-----------------------------------------
For the purposes of this Live Trading exercise, we have used $50,000 USD of our own funds.
All of the trades, placed above, involved:
- 2 ea. Nasda100 E-mini contracts (2x $16k margin);
- 4-6 (Full sized) Forex lots ($4k-$6k margin);
---
Basing the results on the $50,000 actual capital used, the one week (135 hours) long Live Trading session(s) resulted in:
$21630 in Net Profit, or = 56.74% Net Return on Capital. (hence, the title of this post.)
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p.s. BTW, this does not mean that we will repeat this "exercise" - as in live posting -, right away, this coming week :-)
Good luck out there!