for this week I'm actually still confused about the movement of gold, but after I saw it from a larger timeframe, I saw a divergence, but if we minimize it actually gold also has the potential to go down, so ? looks like this week will use a sideway market strategy for the gold market
It has been a rough year here for Chinese stocks but after this recent weeks acceleration lower it feels like we're entering at least some type of short-term capitulation washout. Volume acceleration Extension outside multiple time frame Bollinger Bands Speed of sell off Definitely a fierce counter-trend trade for more experienced traders that can manage...
Risk markets were a bloodbath this week. Explosive moves in the RV yield curve space caused ripple effects across a variety of asset classes. The US equity market was significantly affected, albeit only 2.5% from SPY ATHs. That said, there were some vicious sector rotations with momentum (TSLA,AAPL) really underperforming. EM took the brunt of this hit too, with...
Given recent tensions in the Middle East, the Saudi Arabian ETF sold off and back-tested the previous resistance trend-line. The ETF has now rebounded off this trend-line, and looks bullish to continue to the July highs. Given the slightly weaker dollar macro picture, EM countries should be supported. KSA is a good play for a de-escalation in the Middle East and...
As euro is capitulating we are positioning for another short term rally contrary to the overall trend. Here using a funnel between 1.11250 and 1.12400 range. If the funnel is broken from the downside we are looking into further capitulation and trade being cancelled. Otherwise we are positioning for a breakout trade around 1.11620 mark. Please note that if the...
Hello Traders Another Tactical Trading Tuesday at your discretion. Here with a Descending triangle that has been in play for the past two months. The trend held up very nicely thus far. Forming a solid resistance. On the other hand support was also found on and around 9300. So we are geared towards long direction with a breakout and continuation. If the...
Hello Traders My first Tactical Trading Tuesday for the year on my favorite pair. As we see EURUSD price action complying within a converging triangle I'm pointing you towards two tactical entries. The first entry is following the main trendline on the bearish daily momentum and expecting strong resistance @1.15 level And the second entry featuring a breakout...
Hello Traders Looking further into a choppy market indeed I present to you my tactical entry on EURJPY. The price has been fluctuating within a funnel here on the 4h chart. We are looking to position in a potential continuation.(looking at 128.000 round number as potential level) Also note that this is the third time that price tested the funnel and broke it...
Almost the same situation as EURUSD. -Needs to have that void filled (better seen on 4H) -An untested breaker is sitting comfortably right at .705 fib level -A bunch of short stops resting at that recent high with a bearish orderblock above it Although it has a bit further to retrace relative to EURUSD, it's still the same setup.
Hello traders, Fundamentally i cant even at this point. My advice: Fx Tactix Trade safe, Trade well.
Tactical trading in the upcoming days for USDJPY Fundamentals are weakening for the US with bearish cycle for US bonds and dow plummeting on last session. Its very possible to see 110.000 level reaction as the signal for a new home run for the greenback. Further confirmation from US data will be needed. Technicals are not enough to trigger this. For now the...
TRADE NOT ACTIVE YET Realized SegWit lockin is on 8 AUG so there might be some celebration first. Idea on neutral for now, need some more time.
3 basic variables to measure your trading NUMBER OF TRANSACTIONS, TRANSACTION SIZE & ENTRY INCL. EXIT have a much better trading year 2017 as 2016 Aaron
3 basic resources for trader TIME, MONEY & JOY OF DECISION have a better trading year 2017 as 2016 Aaron
Hello traders, Since we are caught in a fifty pip range. I can't see any other tactic at this point. A good way to go about trading this pair is wait for a clear breakout candle. And enter on the next candle for a continuation. A strong move is eminent on tomorrows CPI so we may have more to work with (as far as trend analysis goes) in a day or two. Trade safe,...
This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 DJIA = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net...
This simple algorithm uses Exponential Moving Averages of the S&P 500's Relative Strength Index to trigger buy/sell and short/cover signals on a daily chart. I've backtested the algorithm for SPY (1994-present), SPX (1981-present), SPX500 (1971-present), and it beats the S&P 500 in every occasion. The algorithm cannot correctly time every single crash or...