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Tradewars

TARIFF MAN TO STRIKE GLOBALLY!This is a 6H chart of the DAX. Markets globally are heading south. Even the super-resilient Brazilian Bovespa is beginning to buckle. In this screencast I show what the price action is like for the DAX and why I think the market is exhausting. I may well be totally wrong - but I'll limit how wrong I am with an acceptable stop-loss. Three main issues plague the DAX and other markets globally: 1. China trade/technology war. 2. Tariff man picking a fight with Mexico 3. And as of a couple days ago Tariff man has squeezed India by ending special trade treatment. (Google is your friend on that one). From what I see, the house of cards, the Ponzi scheme that is global markets is falling. I'll take my losses in shorting these. Disclaimer : This is not a recommendation to trade. Opinions here are my own. If you make decisions based on this and you lose your money sue yourself!
FX:GER30Short
by Captain_Walker
The last days of Theresa May, more trade wars, worst week of oilThe previous week was tough for financial markets due to the escalation of the trade war between the USA and China, which, moreover, have taken new forms like US attacks on Chinese technology companies. At the same time, the White House is not planning to stop. The tariff epidemic will spread to other countries, primarily those of them whose currencies are artificially undervalued. Recall that the undervaluing of the national currency provides a powerful competitive advantage in international trade. In general, things rapidly get worse. We noted that this confrontation may become a new reality, in which it is worth getting used to living in now. Another key event was Theresa May’s resignation. The inability to provide Brexit provoked Theresa May's resignation. She will remain in office until June 7, when her successor will change her. Most likely Boris Johnson will be. The pound, as we announced in Friday’s review, has grown due to this news. That only confirms the loyalty of our vision and recommendations. So this week we will continue to look for points for buying of the pound, including the medium-term position. The previous week was the worst for oil for the entire 2019. The reason is the exodus of investors from risky and commodity assets amid fears of a sharp slowdown in the global economy. This scenario was viewed by us as a baseline, and from the very start of the last week we recommended oil sales. So those readers who followed our advice should have made very good money. On Thursday alone, oil lost about 6%. About the upcoming week, we note that its main events, perhaps, will be the announcement of the Bank of Canada decision on the parameters of monetary policy, as well as data on US GDP for the first quarter (revised). For the rest, the trade war will remain in focus. As for today, we are waiting for a thin market and potential spikes in volatility on level ground. So you should trade carefully. Our trading positions for the week did not change much: we will look for points for buying of the euro against the US dollar, sales of oil and the Russian ruble, as well as buying of gold and the Japanese yen. In addition, we begin to buy a pound.
Long
by Trade24Fx
GOLD (XAUUSD) - How will trade wars affect the setup?So this setup for gold is amongst the most straight forward setups, a lot of confirmations coming together at the same point. Break and retest of trendline Fib key zone Previous reversal zone Touch of a smaller scale trendline if could be a very nice buy opportunity for gold, and I will definitely be keeping an eye on this setup, provided I get price action, I will execute. HOWEVER... I dislike this setup for a few reasons: 1) Its too straight forward and easy, meaning a lot of traders most likely see the same setup. So be very careful, a stop-hunt move might occur before we see bullish move. 2) The more the trade wars between the US and China slow down and calm down, the lower gold will visit. Meaning if they manage to reach an agreement that benefits both parties, gold will slow down and drop. The more tension between both parties, the higher gold will go, due to it being a safe haven, and investors will invest in gold to keep their money safe when there is uncertainty in the FX market. This is a scenario that you just have to keep an eye on when it reaches the key level of 1290.00, and then decide whether you want to execute or not based on price action + fundamentals. Will keep the telegram posted. @PipsOfPersia t.me
FX:XAUUSD
by PipsOfPersia
I SAY THANK YOU DONALD! LOOL!Well, well - I have to thank Mr Trump for breaking the news that he's gonna raise tariffs on China about an hour before the open of the markets last night. The DJI and loads of other markets took a dive. I'm short of course, and trailing a 2H ATR trendline. On open of the markets there was a gap down of about 430 points. Never before have I seen anything like this on a Sunday night. As usual the bulls did their thing, trying to close the gap but were beaten back badly up to this morning. This does not mean they won't come around again for another bludgeoning. The bulls had of course been drunk over the last 4 weeks. They were pricing in hopes that the Fed would reduce interest rates. Powell delivered a nasty surprise. Then last night hopes that the China trade deal was coming to fruition got a shower of ice cold water. It's strange but not so strange that traders were gagging for the deal to come through. Reality was that for the last 6 weeks reputable sources knew that the deal was in trouble. Hey ho - I'm not here to stop anybody listening to or reading mainstream media. My speculation is that Mr Trump knows or knew the deal is dead (or near dead) so didn't want that to hit suddenly on Friday (the big day) - as bad news on a Friday would cause catastrophic meltdown (either on Friday or the following Monday). So methinks the gave a heads up to avoid the bubble popping 'too suddenly' - if there is any such thing. Well, for Donald anything is possible! LOL
FOREXCOM:US30Short
by Captain_Walker
Trade War Alleviation Gives Much Evidence for UpsideVolatility is decreasing as the trend upwards slows down. I think there is large potential to the upside as the US-China trade war comes to a detente. However, many resistance levels remain in the way before that can happen. On the other hand, the index quite easily blew past previous levels of resistance with no problems. Want to see more talk towards trade war resolution before I'll be bullish. More words on the matter here: anthonylaurence.wordpress.com
S
by WhiskeyTangoFoxtrot3
THE BIG EIGHT: Where is the world heading?In this screencast I review 8 important markets. There are some common levels and patterns of price movements. The India50 is the odd man (woman) out. The forecast of a global recession has been made (not by me). This is related largely to global debt now standing at around $233 TRILLION US-Dollars and debt in America currently around $22 Trillion US-Dollars. The picture is complicated by trade tensions, political and other macroeconomic events. Our inheritance is will be the result of a decade of ultra-low interest rates and quantitative easing (aka printing of money), now complicated by global geopolitical and macroeconomic issues. Stock markets (and related indices) have a complex but important relationship to the Forex markets.
FX:US30Education
by Captain_Walker
GNC TradeI posted my first trade on TradeView a couple of weeks ago. I wrote a short article somewhat explaining the fundamentals and technical analysis for owning the stock. The stock is up about 30% since the recommendation. Now that we are up 30% where do we go from here? The stock price has clearly hit a weekly 50 day moving average. This is usually a price target where the trading is triggered either up or down. Deciding whether this move is a trade higher to lower depends on more long term charts such as the Monthly chart where I will post in another post.The way to trade the stock would be to sell either half or all of the stock. The reason is because U.S and China trade war worries. I wouldn't make a solid long term position until trade wars ease. However, trading the stock could be beneficial. Selling on the 50 Day Moving average will lock in a 30% gain and could be on its way down because of trade war tensions. I will upload another post when I see a better entry point.
G
by bugzy300
WMT Bottom Facing All-Time High and Trade WarsWMT has been in a bottoming formation most of this year. The big gap up was HFTs taking advantage of those who trade on earnings news. Notice how quickly profit-taking follows. The all-time high is strong resistance. Walmart is one company that is stating it will face revenue and earnings problems due to the Trade Wars and new Tariffs on the Chinese goods it imports. Since this is a discount retail store, the tariffs will eventually force the company to either find another country to import goods from or raise the cost of its imported goods, which is a far more likely scenario. That means US consumers who buy products from Walmart will start to see an increase in the cost of any products or goods imported from China. This could take effect as early as this holiday season. WMT may try to delay some cost increases until next year, but the increase in import costs will be passed onto consumers at some point.
NYSE:WMT
by MarthaStokesCMT-TechniTrader
Planning for Friday Selling USDCADI have already posted my US Dollar bullish option for tomorrow which is based on good US data and an increase in trade war noise. I think that is the most likely outcome but as always in trading, we should look at the best alternative. If the US data is not better than expected and the trade wars do not get going then I like the idea of selling the USDCAD. The technical situation depends on a break of the orange trendline that would suggest the cycle of dollar strength is at an end, the BoC has sounded very bullish of late and I am interested in buying the CAD generally as a result. At the same time as the US releases the NFP data Canada will release its unemployment data giving the opportunity for good Cad news and bad US news, this would be a great time to sell USDCAD, Canada will also benefit if the trade war tension falls as that may well give oil a boost as the global economy is likely to benefit. So here is plan B, you can see plan A by following the link below. If the US wage data is less than 2.8%, Canadian unemployment data is below 5.8% and either the US or China back away from imposing tariffs I will sell the USDCAD risking 2% of equity looking for a significant swing trade.
by SteveTobin