TradingIsNotGambling
Australian dollar has alot of upward momentum. We are targeting 0.7290 as a target. I dont usally do short trades, but i am testing my cycle system to see if it can do shorter timeframe trades. Will be intresting to watch.
Hi traders, my view is always long term. So keep in mind this is a 3month chart. Whats intresting to look at is the 3month chart with the 21MA, If we look at the avrage if it breaks, its usally a bloodbath. I am watching this level closely and if price breaks below the oods of a big % drops increase. The current drop of 20% is nothing and is a normal correction...
If you fallowed my work i like to base my long term direction based on macro, education and cycles. Dollar has very predictable cycles, the dollar is early in its current cycles and its very right translated (bullish). The scenario we have in the world with the WAR on carbon, has made it so people dont look to explore for commodities that have a bad carbon...
Naturalgas looks like good play. Its dropped alot, and is stretched far from avrages for weekly, monthly, daily. It looks like its finding support and winter is not over in europe or the US. I will look for a setup and enter next week. You can play UNG to take advantage of the opportunity.
VIX is tricky to play, if you belive that more turmoil is coming next 6months. This might be setting up for a good entry. I would try to get a nice setup only if it hits my target of around 18, then we must identify a good entry. Subscribe for more trading ideas. Invest your money dont gamble it.
Bitcoin has been a bloodbath and thats intresting. Its been many fraud and scadles and alot of players are giving up. It was the same in 2017. This tight range can go on for a while, but depending on how you invest, you can start stacking bitcoins or look for a technical setup for a good entry. Also dont forget if the dollar goes up all the world commodites and...
My toughts for Gold for the first half year of 2023 is bearish. On a technical level gold is nearing alot of resistance areas, also alot of gold bugs are extremly bullish and thats not a good sign. On a macro level i belive everyone is expecting inflation and rates to peak. This in my oppinion is what will cause the next spike of rate hikes and inflation. As the...