Mid-week check-in 6/13/2024Talking about my mistakes, observations, following rules, being systematic vs discretionary and just generally whatever comes to my mind. I do ramble a lot
Community ideas
Apple - Back to no.1 in the world!NASDAQ:AAPL is back to being no.1 in the world after rallying 11% in two days.
After moving higher +25% over the past two months, Apple is now back to being the most valuable company in the world with a market cap of 3.4 trillion dollars. This means that Apple is now back to leading the indices but Apple is also retesting resistance. A pullback is definitely likely considering that trees do not grow to the sky, but the overall trend is simply clearly bullish!
Levels to watch: $170, $215
Keep your long term vision,
Philip - BasicTrading
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 77.52 which is a pullback support.
Stop loss is at 76.30 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 80.37 which is a multi-swing-high resistance that aligns close to the 50.0% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bitcoin 1.2B of Oi is trapped. How WHALES WOULD TRADE IT?Bitcoin 1.2B of Oi is trapped. How WHALES WOULD TRADE IT?
iN A VIDEO I SHARED MY IDEA ABOUT btc and how i plan to trade it
Price at this moment is in middle of local range - i prefer to take a trade after Clear SL hunts and squeezing. Becasue those trapped trades should be liquidated
Weekly Analysis & Market Crash PredictionHere's a video going over what I'm watching heading into the week and what I expect leading up to FOMC. I'll do some more FOMC and market analysis before then as we get closer to Wednesday. Overall, I don't expect much, I think we'll have downside and chop until then. Either way, any moves made on Monday and Tuesday can be wiped out insantly on Wednesday, so I'll focus on some small day trades and averaging into longer dated puts for Monday and Tuesday most likely.
Using the Second Charts on TradingviewThis tutorial goes over the uses of the very low timeframe features that Tradingview offers, namely the 1 second through to the 30 second charts.
The main advantage to these timeframes is that they permit you to clearly see whether your support and/or resistance levels are being held or are being rejected. This allows you to make a determination much quicker than if you are using higher timeframes. This can make or break your profit and setup and is quite an advantageous tool to utilize if you have access to these timeframe periods.
In addition to visualizing support and resistance breaks/holds, the use of these smaller timeframe charts also allows you to apply methods such as the Heikin Ashi strategy much more effectively and quickly. If you are a scalper, it does add an insurmountable amount of value to your analysis.
Thanks for watching and leave your questions and comments below!
Safe trades everyone!
The TradingView Show: Charting Markets with TradeStationHello to all global traders! We're live with David Russell, TradeStation's Global Head of Markets giving us an inside look at the most important moves in markets. He’s the expert behind the research and analysis from TradeStation’s official TradingView account.
Follow them here: www.tradingview.com
In this show, we examine the most important charts, interesting trades, and offer valuable education for all traders. What’s on David’s radar? The Fed, inflation, the upcoming Apple iPhone, the big money shifts moving from energy to tech, and other areas to watch including homebuilders and more.
We look forward to connecting with traders worldwide. Share your questions in the comments, contribute your insights, and don’t forget to subscribe for more shows on TradingView with our partners, influencers, sponsors, and global community. Thanks for watching!
This show is for educational and entertainment purposes only, not financial advice. Markets require hard work and dedication, so stay informed and keep learning.
Look first, then leap!
- TradingView
Important disclaimers for ETFs: www.tradestation.com
Important disclaimers for options: www.theocc.com
All other important disclaimers: www.tradestation.com
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month.
In June, geopolitical unrest could significantly impact gold prices. Any major news on this front may push gold prices higher.
On Friday, gold retraced to our key level at the $2,325 zone, undoing gains made after the release of the US Personal Consumption Expenditure (PCE) data for April. This report, showing cooling core price pressures (0.2% month-over-month, down from 0.3%), suggests a higher likelihood of the Fed cutting interest rates sooner. Lower interest rates are typically positive for gold, reducing the opportunity cost of holding this non-yielding asset.
However, US interest-rate expectations are just one piece of the puzzle. Gold demand is also being driven by Asian buyers hedging against their depreciating currencies. Fund flows into Chinese gold ETFs are rising at the fastest pace since April, even amid surging US yields. This trend indicates that the US Dollar's strength may not be as negatively correlated with gold as it was in the past.
In this video, we'll explore how to navigate these complex market dynamics as we prepare for an active trading month. Expect increased trading activity as fund managers and investors rebalance portfolios to meet allocation targets or adjust for market performance.
XAUUSD Technical Overview:
In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives.
Our attention is fixed on the critical $2,325 level for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 might signal a resurgence of bearish sentiment.
Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights.
#GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Short squeezes are happening!Discussing some potential short squeeze candidates.
Some of these names have already bolstered huge gains and looking to potentially squeeze higher if price action holds firm.
All of these names need to be monitored in the near term for opportunities.
Shorts get nervous when stocks are moving higher.
AI, SPWR, CHWY, WOOF
SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator.
Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts.
What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas.
I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.
AMP Futures - Customizing your ChartIn this video we will demonstrate how to select time frames on a chart, how to access different chart types, indicators, and drawing tools.
WTI Oil H4 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 79.94 which is a pullback support.
Stop loss is at 79.00 which is a level that lies underneath the 23.6% Fibonacci retracement level.
Take profit is at 82.41 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SUGAR/USD ShortSUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Market is on its Upper Band - Its 2nd Camel HumpAll the major markets are testing their upper band channels since their first major hump in the 90s.
The Russell 2000 has reached its second hump and is on the way down. Though the Russell 2000 is the least known among the four indices, it serves as a leading indicator for the other three.
Why?
The Russell 2000 comprises 2000 mid-sized listed companies, which I believe employ the largest workforce in the United States. This means their employees are also the mass consumers who use or buy products and services listed on the Nasdaq, S&P, and Dow Jones. When the Russell 2000 is not doing well, mass consumers tend to spend less, and the rest of the indices subsequently follow.
Micro E-mini Futures & Options
Ticker: MYM
Minimum fluctuation:
Outright: 1.0 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
GME Gamestop Technical Analysis and Trade IdeaIn a recent video, I covered a trade idea prior to the Gamestop (GME) bull rally. Since then, we’ve observed a significant bearish movement. I’m closely monitoring the current price level for another potential buying opportunity, provided that price action aligns with my analysis from the video. The market is currently moving sideways, and if we wait for increased volatility above and below the range, we might be able to capitalize on a bullish trend by entering a break re-test and fail of the range on the 15-minute chart if we see higher highs/lows forming.
The video covers critical elements, including trend analysis, price action insights, market structure, and a potential trade setup. Always exercise prudent risk management when trading, and keep in mind that this information is purely educational and not financial advice. 🚀📊
Natural Gas Price Forecast | Oil, Silver, GoldNatural Gas stock Bulls NatGas Support & Resistance Guide
AMEX:UNG Stock Forecast
USO Oil Stock Forecast
DXY US dollar Stock Forecast
Gold XAUUSD Stock Forecast
Silver XAGUSD
Trapped traders provides a great Short opportunity on DOW The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers.
In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index.
ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !!
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
5-Year SPX500 Expectations - Greatest Opportunity Of Your LifeWould you believe me if I told you the US & global markets (some) will rally more than 65% to 125% (or more) over the next 4 to 5+ years?
You would probably call me crazy for even suggesting that will happen in a reasonably short time frame.
But, what if I could show you how structurally (using Elliot Wave concepts and Fibonacci) this incredible rally may already be baked into the markets?
What if I could show you that, barring any major economic destruction event, the US Fed and Global Central banks may have unleashed the inflation beast - which could lead to massive Hyperinflation over the next 5+ years?
Would you be prepared for it? Would you even believe me if I could show you evidence that it may happen much quicker than you can imagine?
And would you believe me if I told you Gold/Silver will rally more than 500% over the next 5+ years while attempting to hedge global debt/inflation risks?
Now is the time to prepare for the greatest opportunity of your life. You must understand the structural mechanics of price related to the current global market dynamics.
Please boost and share this video with your friends. Everyone needs to be aware of what is likely to happen over the next 5+ years so they can prepare for and profit from these exceptional price trends.
Intel - Stop the bleeding!Hello Traders and Investors, today I will take a look at Intel .
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Explanation of my video analysis:
In the beginning of 2023 Intel stock retested a multi year long horizontal structure at the $26 level. Here Intel created bullish confirmation and took off, creating a crazy rally of +100% within a couple of months. Then we saw a false breakout towards the upside which was followed by an incredible sell off. At the moment Intel is retesting support so we might see a short term short covering rally.
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Keep your long term vision,
Philip (BasicTrading)
AMP Futures introduction to TradingView Mobile (Getting Started)In this video, we will help you learn the essential functions of the TradingView mobile application with AMP Futures.
Momentum is picking up.After the release of the CPI data on Wednesday buying momentum is picking up in the S&P 500. The expectation is follow through to the upside but not a large move on Thursday.
