Going to do a trial trading with a small balance and following specific rules: Rules: 1. No earnings plays 2. No increasing/averaging down, use a stop loss of 20-30% 3. Charting based on triangles/wedges and SMAs 4. At the money/near the money (except larger cap/further out (AMZN/TSLA/CMG), so far played these well) 5. Risk/reward 3/1 or greater 6. Buy at...
Following 3 successful trades with trend, fundamental & technical confluence, we appear to be attempting a breach of the descending wedge, I believe due to the UK restarting their economy and the US Covid 19 cases growing at a quicker rate, the GBP will be favoured temporarily Will hope for higher CPI figures to be achieved by the UK on July 15th
Retail activity and strength is starting to transition towards excitement and complacency, when this happens Equities should be sold with confidence for a retest of the March lows. 📍 Here the following line appears the cleanest: 3240/50 => 2640/50 => 2060/70 and Sellers are not particularly favourable. The retail crowd are piling into longs and even some of the...
Anyone watching (or trading) US equity markets might have noticed some (lets call it) optimistic price action in certain stocks, such as (but not limited to) AAPL, AMZN, PTON, ZM, and of course TSLA. Keen observers will also have noticed 9984 Softbank also ripping through new record highs. At the same time, these stocks tend to sell off together - and I mean...
1860 is the 100% Fib extension. I reckon XAU needs a major correction, at least to the "potential target 1", an excellent risk-reward ratio for sure. This analysis fails if it can break out and close above the 100% Fib extension. PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not...
Keep watch of this ratio-We're looking like 1999 based on this ratio. Tech to go hyper before tech wreck 2.0? The recipe is slightly different but it's starting to smell the same. Even if this plays out, we should see the NASDAQ cool off & consolidate for a bit..perhaps we'll see some weakness going to the Fall prior to election with increased volatility in the...
Last week, Swiss currency is the strongest of all and we expect it currently in its exhaustive phase in the coming weeks. We could take this opportunity to capitalize on other currencies. At weekly TF, CADCHF is trying to make a U-shape pattern and this would be a great opportunity for long with good risk to reward ratio. This is a long term idea. The whole...
Fed Balance Sheet vs. SPX 13:35:59 (UTC) Tue Jul 21, 2020
The Dollar Index at the peak of the Coronavirus lockdown rallied, almost touching 103 – the highest level since 2017. The Dollar index shows the relative strength of the USD to a basket of other currencies. However, a couple of currencies strengthened as everyone was hoarding the USD – The JPY. If the JPY got stronger, why was everyone talking about USD being a...
This chart shows the biggest companies reporting earnings this week and their year-to-date performance. Our platform makes earnings season a breeze. We give you the data, tools, and information you need to make the best possible decisions. In this post, we'll walk you through a few quick tips and tricks. Earnings calendar The earnings calendar is where you...
I think the answer is both. The correlation-coefficient suggests that weak readings between the two metals during clear simultaneous uptrends signal continued strength for both metals. Thus, my strategy is to buy physical bars of each metal, at a one-to-one ratio. The two metals serve different purposes, but they are continuously increasing in value because their...
Many people think we are currently at the top of another major crash, but they are wrong! Do you think the Fed would give up this easily, I don't Think so. They know if they let it go down a few more %, there's no turning back. I'm expecting the market to hit a new high around September, then the crash will begin. For now, either hold or wait 2-3 months to...
1. Anything can happen. Why? Because there are always unknown forces operating in every market at every moment , it takes only one trader somewhere in the world to negate the positive outcome of your edge. That's all: only one. Regardless of how much time, effort, or money you've invested in your analysis, from the market's perspective there are no exceptions...
The China 50 took off like a rocket, leaving behind the DJI and other country indices. This is the CN50's biggest rally in a year. State media agencies talked up the index promising a post-coronavirus boom. Then the China Securities Journal made similar promises. This caused an almost 6% charge north in one day! However, there did not appear to be significant...
A systematic breakout strategy designed to capture short-term trends with an average holding period of 6 days. Place Buy Stop at 9497.2, If done place Stop Loss at 8832.4. If orders are not filled, cancel orders at the end of the trading session at 24:00 UTC+0. Legend: DC(10) Up := Donchian Channels upper band (10 length). DC(2) Low := Donchian Channels lower...
7.17.20 follow up on some previously posted stocks.
"I love gooooold, the look of it, the taste of it, the shmell of it, the texture..." I'm sure Goldmember would also love gold's seasonality right about now too! Gold has had an amazing run so far this year and it looks like its set to continue into October. I put together the closing high returns and closing low returns for the dates below! I hope it...