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Taiwandollar

Trade Like A Sniper - Episode 47 - USDTWD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing USDTWD, starting from the 4-Month chart. If you want to learn more, check out my profile.
Education
by Road_2_Funded
TSM Taiwan Semiconductor ADR Sponsored$TSM #TSM TSM Team solo mid (haha jk) is in a rough spot here. After an impeccable print of $98.87 it shot right past the 200 ema on the hourly chart. TEAM: If you were in at lower levels and raked profit before the slam, CONGRATULATIONS YOU DESERVE TO WIN! It is not an easy PLAY to execute when opening up certain windows of print gain green. The stock market is a powerFULL and wonderful drill. The longer you can drill and dig deep, the closer you are to the brightest gains that the stock market has to offer. Be a leader in the markets, it's the only way. Everyday watching film. Enhancing craft is critical to a future in the stock market no matter which instrument you choose. And remember, all tools require understanding before they can be dominated on the live trading field. Stay alert even when you think you are too good at it, trust She may climb briefly to approximately $93.97 then drip further down. Overall, feels like a decent short setting up for a bit here for the short term. We'll see. Please remember, entry is critical to print win rate. Everyone is a trading different size port folder at any given second in the stock markets existence. The markets have their own DNA. Tap into and embrace your inner algorithm to become a leading gainer in any given market conditions. RULE: AS SOON AS YOU LET THE MONEY GO IT BEGINS EARNING FOR YOU RIGHT AWAY Stay productive and stay safe! =stikstockitslive
NYSE:TSMShort
by moonstreetone
TAIEX and China Stocks Both Benefit From US-China Trade DealTAIEX enjoys a positive correlation coefficient with the Shanghai Composite which has strengthened consistently over the past few months. Then if we believe that a trade deal with the US is coming then the TAIEX will surely enjoy some gains as well even especially since TAIEX greatly outperforms Shanghai Composite and Shenzhen Component. However, TAIEX RSI is well into the overbought territory and let's also not forget TAIEX suffered its worst single day loss (6 percent) since the 2008 financial crisis back in January of 2018. More volatility to come?
TWSE:IX0001
by WhiskeyTangoFoxtrot3
The Low Volatility Taiwan Dollar Is Now Less VolatileThe already incredible low volatility of the US dollar to the Taiwan dollar somehow over the past few weeks managed to drop volatility even lower than before. The range trading has tightened further from 30.42 to 31 by a tighter range of 30.65 to 30.94. This is truly incredible, even for the foreign exchange market which has suffered (or enjoyed given your financial position) from extremely low volatility compared to other asset classes such as commodities or equities. The question remains if this volatility can be sustained and if so for how long. Clearly, this pair suffers from low liquidity which can be seen by long tails of the candlesticks indicating short-term volatility. Less clear is the fact that this pair is still manipulated by the central bank. Either way, USDTWD is a fairly stable pair to invest in with foreign exchange risk extremely low, at least for now.
by WhiskeyTangoFoxtrot3
TWSE Off From Technical Overbought HighsWhile RSI and Bull/Bear sentiment have edged away from clear overbought signals, we are continuing to see exponential moving averages assert their authority in suggesting the uptrend will continue. This is the case for the 'ribbon' of EMAs excluding the five day EMA which price action has dropped below. In the short-term I am a bit bullish on Taiwanese equities especially since they tend to outperform other Asian equities when the majority of Asian stocks are in deep red territory. Moreover, Taiwanese equities outperform their Asian peers in differing times of entry point since the 2008 Financial Crisis. However, entry point is extremely important for this and perhaps for a buy and hold strategy prices are a bit too expensive for those types of investors.
TWSE:IX0001Long
by WhiskeyTangoFoxtrot3