Forexistential

Forexistential

As the weekly chart here shows, previous CCI peaks near/at/slightly above the 0 (neutral) level coincide with peaks in price within the dominant (down)trend: we are now in the 'filter' zone between the two parallel channels, therefore this is where I am looking for price to turn and resume the downtrend. The 3400 level is a strong level that we have encountered...

Forexistential

Used the 9th - 13th June (four consecutive bearish daily candles) move to extend the target for my current short, previously at 2xATR. Removed stop as PPI coming out in less than twenty minutes; yesterday was stopped out of a trade in the CPI release flash move, therefore it is important to be cautious. Positioned moved short of the BB previous bulge low,...

Forexistential

In this trade, with the entry and exit highlighted by two black arrows, we see price rising while the CCI diverges negatively, only for price to align with the technicals and fundamentals to grind lower. Potential for further downside is clear, with more room on the CCI toward -200 and price having expanded the BBs (seen here as 2x Standard Devs.). I closed the...

Forexistential

The 4H CCI crossed below the 0 line and has room to go. Previous occurrences of this, during a strong trend, do not result in a band-to-band rebound (Bollinger Bands, that is) but in leaning on a band and expanding the range.

Forexistential

Hello traders, finally - after losing a few £££ while trying this long trade - this pair is giving me some hope that there is scope for a long trade after all... Went long at: 21.0411 with 1M contract; fixed-amount trailing stop (10-step) is currently at 20.8034 and the take profit is at 22.000, making the potential loss about 1/4 of the potential profit. Good...

Forexistential

I have been milking this cashcow for all it was worth in the last few days... Unbelievable performance... What a rocket... Time to take a breather now (I have learnt my lesson from earlier this week with Bitcoin) and let gravity do its work for a little bit, before deciding if jumping back is timely. Take care Stay safe Francesco

07:33

Forexistential

Hello traders! In this video I will be looking at how we can use volume data in forex trading: using futures volume I contrast how an indicator such as the Chaikin Money Flow can give a correct and true reading whereas when applied to a volume-less spot forex chart it will create a different scenario (with potentially misleading signals). I hope you can find...

09:54

Forexistential

Hi traders! In this video I look at: - updates on my development as a trader; - looking at exotic pairs; - comparing various exotic pairs (USD/ARS, USD/TRY, USD/MXN) to the S&P500 and US Dollar Index (DXY); - conclusions. Take care! Thanks for watching, I love you all. Francesco

Forexistential

Hello taders... quiet day at the office, so to speak... Had one great trade on BTC/USD (long) then one not-so-great trade on the same pair, but was profitable overall... Demo traders, I repeat, but still, it matters. A bit unhappy with entering any trade on my watchlist pairs, so looked around and decided to approach my USD/MXN involvement by the back door, and...

16:54

Forexistential

Hello traders, in my video I look at the following: - EURO volume in FX futures; - EURO positioning by strike price in FX options; - EURO positioning in COT (buy side reportables). I hope you find this useful. Thanks for watching. Take care Trade safe Keep healthy Francesco, FreeFX

09:34

Forexistential

Hello traders, in this video I look at: - EUR/USD breaking a long-term downtrend channel (monthly chart view) to the upside; - EUR/USD having an historically low ATR but still providing periods of momentum even as the pandemic starts to fade; - EUR/USD targeting the 1.23 - 1.25 area next; - EUR/USD being above the 100-day moving average and above a more recent...

Forexistential

MSCI iShares Turkey ETF is once again coming up to a solid resistance level (third try so far, no break) and its RSI is coming off overbought (80+) in negative divergence... Meanwhile, Lira pairs like USD/TRY and EUR/TRY are around their 200-day moving average, and it looks like we are good to buy soon for the next leg up. Keep an eye on these pairs... Francesco

Forexistential

Given the failed triangle downside breakout and the subsequent pullback it would appear that there may be room for a long bias; however, it is not certain and we have to be patient...

Forexistential

Hello traders, given that the current situation is very, very similar to a technical scenario back in 2018, I think we should now be shifting to a long bias, though confirmation is crucial in the next few days. After the descending triangle was finally broken to the downside, a flush of selling came into being but it has since fizzled out and the MSCI iShares...

Forexistential

Update from my last video at the start of the week... This week brought no resolution to this stall/congestion, and we will have to wait and see what February brings. The central bank of Turkey has an MPC meeting on the 18th Feb. ( www.tcmb.gov.tr ) so if nothing moves until then perhaps it will do so afterwards, depending on what they say. For now it looks...

14:53

Forexistential

In this video I am looking at: current Gold (four-month) range, previous triangle formation and breakout, historic highs. I will also look at the wider movements (trending and ranging) of Gold in the last fifteen years to give you an eagle-eye's view of how far we have come. We are close to the previous all-time high (2011) and this means that in nine years we...

07:54

Forexistential

The Turkish Lira (TRY) has been an embattled currency for decades and in its Euro pair (EUR/TRY) it had some relief but it looks like the halt to continued Lira sell-off may be soon over as EUR/TRY looks ready to burst out of its multi-week descending triangle. In this video I look at one recent example of a similar triangle formation and its outcome, comparing...

03:38

Forexistential

From a long-term uptrend inner-channel boundary low, this pair is attempting yet again a move up... Will it succeed?