Broad market analysis FX Indices Commodities Crypto. 09 May 2019I was thinking... They say "be specialized in only 1 market", but how does that work? Everything matters and there are correlations everywhere. Be specialized in 1 strategy sure, but what better way to do this than have a global view on everything?
I like it this way. People that only focus on 2 - 3 symbols can look at everything but really go in detail with their 2-3, but why not go all the way. And specialized in 1-2 strategies.
- Indices -
Moderators of the SnP & DowJones pump and dump group (Trump Powell & XiTrolliPing) have reached their target & now sent a sell signal.
Of course, they have not told anyone their target. Several people have asked Trump on twitter to just tweet his target, but he is not going to.
Investors should not panic, but I would definitely call it time to be preparing to panic.
- FX Majors -
The Yen has started rallying. Something is happening!
USDCHF rally is over. Sucker's rally. Watching for bear break then buying the bear sucker rally.
USDMXN to the MOON! Waiting a pullbacl to buy.
EURJPY bearish
- Commodities -
Gold either is consolidating or made a higher low? Nothing to do.
Oil tightening, waiting for that bear break soon, and buying at the target pattern more or less.
Soybean futures I bought that multi year low. We shall see. I am thinking it's 50/50 odds but RR is between 1.5 and 2.
Copper made a lower low. Might "capitulate" soon. Waiting on that full (bull trend) retrace.
- Crypto -
Bitcoin wow what a great transition. It has not reached resistance yet but it is close. Maybe overcut a little...
Posted an idea about scaling in early because crypto traders take profit early. Will they now overcut the overcut?
Alts... They are all consolidating (well not all thousands of them but in general). Not interested.
- FX Minors -
Nothing very interesting and there is already alot going on elsewhere.
Got stopped on GBPAUD but it is trolling me hehe. Might re-enter...
Summary: MY HEART! EVERYTHING IS MOVING AT THE SAME TIME. TRUMP PONZI STOPPED GOING UP TRADE WARS UNCERTAINTY STOPPED. SO INVESTORS ARE MOVING MONEY NOW.
To watch:
All Indices
Yen (USDJPY bearish)
USDCHF possible bear break
USDMXN TO THE MOON
EURJPY bear trend
Gold & Oil & Copper there is time.
Soybeans entered the trade, hope it bounces now :p
Bitcoin short, might as well overcut that resistance. I think 6300 is good.
GBPAUD re-buy, re get rekt.
Majors
Bi-Weekly broad market TA. 02 May 2019.- Indices -
The SnP got to ath & dropped the same day. I think the fake fomo shilling conspiracy is working less and less.
Why are these people trying so hard to convince people to buy? Literal pyramid scheme.
Just waiting for it to drop further, maybe.
Other indices are following, DAX & CAC40 are still way more bullish so not dropping much.
- Majors -
EURUSD & USDJPY still in a lame choppy random channel, not interesting.
GBPUSD did top! I don't know why but with all my strategies I kind of only or almost only go for C waves. Going to try and learn how to enter on the end of B.
It might be bottoming, and there could be a day trade long. If the target is around 0.25% with fees of 0.01% it's mediocre. So fees are 4% of target.
A little expensive, fees erase alot of the edge we could have. So I don't know. If there is a nice bottom and entry.
AUDUSD following the path I drew for it, how nice. Will take a few more days to get to 0.618 where it might be interesting to buy.
USDCAD nothing special. I think it will be weeks before I get a trade on this.
USDCHF might have missed out. Too bad. Still watching, maybe it will drop after all and ez long. Pretty bullish. So bullish I can't enter or what?
- Commodities -
Gold:
Oil US, going down the way, makes me consider trading B waves now that my understanding of C is solid. I added a third strategy to my arsenal only a few weeks ago, but I think I am at a point I know enough I can just design new strategies quickly. By riding B waves I really won't be drifting too far away from what I usually do...
Been trading C waves for a year... and watching B before entering / during my TA every time. Can't be that hard right?
60$ sounds right. Maybe gets overcut.
Copper is moving!
Soybean futures still in a downtrend. Avoided riding it because the fees are too damn high. Will buy that low, I do not think it will just crash without giving up a fight.
- Crypto -
Bitcoin: The justice thing is doing progress, they found counterfeit money in one of the person that ran a shadow bank for Tether appartment, and they are calling it fraud so this is very clear. Bitcoin bulls amount of denial and delusion is simply off the charts. I think they are obssessed with it and started going crazy, they do not seem to be in touch with reality.
Alts if the price drops a bit I would perhaps buy. That resistance did hold so... If it just goes up well so be it, no fill.
- Minors -
EURAUD I am starting to look at, simply check what happens next. Real or false uptrend? I always let others get burned before me.
EURCHF maybe a trade in a looong time.
GBPAUD has kept going up, but will still buy if it goes down to that support area, as long as the rules do not change entirely.
AUDJPY I have a feeling will just dump. Following it out of curiosity.
USDSEK well it's back at ath. It could rally super strongly. Looks like some bulls were eager to buy, but are there buyers waiting for a break confirmation?
USDCNH is going back up. Dang I want to buy that bottom but I need a lower price to enter or my RR is too bad.
Now since it looks like it is following USDTRY with a delay, who knows maybe we will get this:
EURSEK I am also looking at, probably more relevant than USDSEK. The Swedish Krona is going for a train wreck ride. Who would have thought with their commie government. "The rape capital of europe".
Bi-Weekly broad market TA. 30 April 2019.- Prologue -
I think it would be optimal for me to check markets twice a week.
So maybe Monday and Thursday?
And the rest of the time just work on new strategies, improving, troll posting, whatever.
And not forgetting to check my tagged charts once or twice a day.
Apart from learning and designing a system, trading regularly comes in 3 parts:
1- What I am doing now, stalking charts pretty much. Build a bias look for potential opportunities. This is the easy part or is it but have to be consistent and well organised. Do this like a robot.
2- The hardest part, use skillz/experience to decide yes or no do I enter, as well as all the important details: Where should my SL be? Where should my target be?
3- Ride that winner or not. Take profit at target or run it more? Take profit early or not? Emotions etc also. Weak minds or people that are unable to cut losses will fail here.
I can mostly only help with part 1. I like sharing, even with all the angry crypto longs calling me the biggest idiot each time I talk about bearish news or post a short idea (and not saying anything or even congratulating me when I am long).
Every one is not one of these on this site, some people are interesting.
I actually have a watchlist of 42 now. A main one of 21 (indices + majors + Gold Oil Crypto) + a secondary one with 21 minors. Will post only the ones I think are interesting.
I actually designed a 3rd strategy the past 10 days (had only two before). But still I do not have a clue had to trade choppy price action or whether it is possible to do it profitably. Seems pretty radom to me.
Let's get into it.
- Indices -
For indices real quick FAANG some earnings have been good some bad, Apple is in a few days.
Google gapped down 100$. Might cause a snowball, or not. Still waiting...
I am interested in doing everything: buying pullbacks, trading consolidation buy support/sell resistance, and even countertrend trading. I see opportunities but they're all the same - short. So since I have already been calling short and shorting the snp there is no point just doubling up. I will buy pullbacks to 0.382.
- Majors -
Still pretty much the same. I really have nothing with most of them such as EURUSD.
With the pound I see a bottom buying opportunity in a month or two, unless price keeps going up duh. Then I'll look at pullbacks or short.
Also, might want to short the Pound/USD on the 1 hour chart.
The Australian dollar: I see a buy by next week.
USDCAD: I want to fade it around 1.364
USDCHF: The big rally and break has coolen off, and my, bulls are not selling.
Plenty of eager buyers. I only buy if the price makes an ABC and bottoms.
USDMXN: Eeem Sideways.
EURJPY sideways, nothing interesting.
- Commodities -
Gold nothing new
Oil potential ABC
- Cryptocurrencies -
Bitcoin: I see a short, but funding is huge, check fees with regular FX brokers, and only short if negative balance protection, with small account.
Alcoins: maybe an alt season soon? Will look later. One last rally before the big ICO crash. Let's get rid of all the criminals and parasites.
- Minors -
EURCHF: Just keeping an eye on this. USDCHF is similar and much better.
EURNZD: Keeping an eye on it, but I do not really have an opinion.
GBPAUD: Since it keeps going back and forth I'll just buy at the next good support. 0.618 or ~1.76.
GBPCAD: Same concept. Jump on the ponzi before other people notice.
USDSEK: At all time high! Testing resistance. Is reacting but not super strongly. Yet? Buy the dip maybe.
USDTRY: Still going up... It's going to go up 1 million percent suddenly I feel XD Venezuela 2 here we go.
USDCNH: Same concept, with a delay.
EUR/USD LONG OpportunityWhat's up guys. I have spotted a new EUR/USD trading opportunity for you.
With the results of the mid-term having softened the dollar rally - we can see several opportunities to long XXXUSD pairings. Combined with my technical analysis on the graph, this pair should look to rise to at least 1.16.
Set your Stop Losses just under 1.14 to stay safe and to minimise the associated risks. Good luck!
eurusd short--- flag/head and shoulders pick your fav.lots of bearish momentum going on with EURUSD dollar right now. had a few ideas wrong last week but after looking at the daily chart it is clear i was thinking too short term. This setup seems to be a pretty safe play going off of the flag pattern. set up a sell stop at the low of the flag and a SL above and let this ride down to
this also has the potential to retouch the shoulder resistance so i would wait this one out and watch for the pair to break below the flag and then bounce before entering anything.
Nothing is trending o.0 Dead week ahead?Hey, like all my chart styles? They're pretttyyy :)
Perfect dead week ahead, good timing as I did ZERO of the research I wanted to do this week end, I want to peace out for a while.
I just set my 25-30 alerts which takes me 1h-1h30 every week (last week i only set less than 10 only wanted to trade clear trends).
I watch a little over 20 FX pairs, 4 metals, half a dozen commodities, and if I remember correctly the only one I saw clearly trending was soybeans:
And still not sure.
Oh well maybe there was 1-2 others.
What's going on lol.
I am just going to trade big supports with rsi divergence then?
I am asking myself if I did not get too demanding and too picky. But probably not, I did not become much more strict, there is really not much action only uncertainty going on.
Wasn't in a hurry to get rich anyway.
This is perfect for anyone making the jump from crypto, we can take it slowly, take our time to do research etc.
While every one is lazing around, going on holidays, we will wait in the shadows and prepare, analyse everything, chart the past, backtest strategies, and egt ready, for when the cattle is back, we will strike swiftly, and without mercy, and strike again, and again, until they are all defeated and our belly is full.
TO VICTORY!