Trump
Interesting events at Bitcoins high & lowsJust playing around with @TradingView
Features - looking at the "all of BTC History" chart - this got me thinking.
What happened in world news and events on the highs and lows? Anything significant or interesting.
The one thing I didn't include was the launch of Ethereum. Which was July 30, 2015, encase your wondering.
Thought this would be interesting to share.
I won't paste links to each article - but used a site called "the week" to pull up historic dates & events.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
📖 Trading Books 📖As a trading coach & mentor, I often get asked about where to go and find resources. Anything from books to specific strategies. So I thought it would be interesting to not only share with the community some books I have liked over the years. But to ask for your favorite books, any suggestions - any thoughts on the books listed?
Even if they're slightly outside of the conventional trading manual concepts - there are some great Wall Street stories, banking or business esq books.
Be great to get some conversations going!
Here's the second wave.
The next wave - moving away from trading manuals per se;
Another list;
And lastly some books worth mentioning but were just off the top 20 spot.
So what are your best books? why? what do you make of some of the books mentioned?
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
#SPY OR SPX500 OR S&P500 ANALYSIS FOR MARCH 2021Hello Traders,
Welcome to March 2021,
It has been quite the mixed start in the markets especially with the huge sell-off in the Technology sector. This has
alerted us to activity taking place in the market and we've decided to see if it's really a turn for a BEARISH Stock Market but it doesn't
seem that we are there yet. After the week of predominant sell off in the markets, we've spotted the S&P Index for a Buy opportunity.
As of now, this week seems to be in corrective mode after February's buying, so we shall see next week onwards if bullish action
continues above $3900 and higher.
TVC:SPX
The Trading Regime.
Always trade ONLY with what you are ok to lose. Recommend max 3% of account balance per trade, 10% total account exposure.
DISCLAIMER: Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. ... All trading strategies are used at your own risk.
short term long to short
US strength could be the LPSY of the AUD - this means we could get a high to the BC, some rangebound moves and then the drop to around 74000 level.
in terms of Elliott, we are either in the 3-4 down or if we get a new high here it will be a fake-out and then down.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Don't Be Fooled By BEARISH GOLDSome interesting info on Gold.
Reading a couple of articles on Gold. I feel the general consensus is Death to Dollar & Strength on Gold. I feel the Global pandemic has shifted the normal correlation across the entire market and possibly every instrument.
If you look at the spike in the U.S. 10-year Treasury yield, dealing gold a series of setbacks. This is far from over...
Coupled with the geopolitical risk component that has held up gold for decades has almost vanished too, with the shiny metal falling instead of rising from a recent flare-up in Middle East tensions.
Things are not what they seem.
From a technical standpoint only;
Main swing from the 2016 low has made a 1.618 spike and pulled back to the 100% Level (1) before shooting up to the 2.618.
Secondly - the 1.618 level on the smaller swing move is around the $1,655 level. We could see this level.
Step up to the monthly level and we can see an extended Regression channel - touch the outer channel.
Supported by monthly Stochastic pointing down.
This shows the levels of trapped traders - currently in Long positions - If you look left, we could see a repeat of this last spike down.
Xau (Gold) Strength is also falling still and has room even to the 50% level as per the strength indicator.
Drop down to the daily & we can see the price has broken the X-Trend structure to the Bearish side. As well as the XAU strength being less than the DXY in the short term.
So in the short term, we could expect some more moves to the downside.
A potential push up to the trend around 1,850 could be the current roof until the move down completes.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Short and Long moves playing out EURUSDAs this pair is currently in an overall uptrend it's only now nearing its 4th wave completion of a weekly Elliott wave. Supporting this aspect of the move, there's a 5th wave extension measured with Fibonacci levels, just under a daily imbalance zone (further magnetic pull to the downside.
You can see the basics of the Elliott move - I have highlighted it using Midpoints of the price to make it clearer to view.
In addition to this the DXY which is counter to the EU - has a weekly bias to the Bullish side.
And of course, the opposite then applies to the stochastic on the EU itself.
The above also shows the Golden zone for the major Fib pullback between 50 & 61.8%.
In terms of momentum, we have a download of pressure shown on the Oscillator.
Our Quadratics Indicator also shows a move from above the Mean level coming below.
There is also a Demand zone at the same daily 5th extension shown in red here;
We can see the closest pull being a daily Imbalance
With this being said - the overall Bias is Bullish, but we would like to see the drop to complete the pattern before the next major rally.
Have a great weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
US 500
Hello, receive a cordial greeting, we are sorry not to have published in recent weeks but here we are again to offer you our vision of the financial markets.
USA again setting new records.
HOW YOU THINK THE FINANCIAL MARKETS WILL BEHAVE IN 2021 WITH BIDEN? ????? .
Sincerely L.E.D
In Spain on 01/21/2021
BITCOIN - BTC, Crypto - Short to Long (fair Value level)I don't often trade crypto as spot, but as an investment company, we have crypto holdings.
Bitcoin has entered the world of investments at a professional level & in doing so, the moon is a likely scenario as they say. But to do that on a professional level, much like any other chart, a fair value needs to be obtained for the bigger players to keep their interest.
With that being said - a current fair value is around $26,500 so we could expect a drop to this region before it shoots back to its $40k + high. and possibly $50, 75 or even 100k being its next slowdown.
In investing terms - you will have the HODLERS, you will have the lucky, you now have the inexperienced and the pro's coming at the same pace. The Pro's and the inexperienced where probably the ones who took out the $170Bn in market value in 24 hours. The guys who jumped in at 35k+ plus saw no way of it slowing, and that's where the drop set in.
If we now compare to DXY, Gold and SPx as it's aligned to all of these areas in some ways. The DXY is expected to rise, then drop again to create a weekly Elliott 5th wave. COT data supports this.
The issue is - that retail sentiment is short things like Euro currently pushing DXY strength, which is a catalyst for BTC drops. This is also supported by stochastics on higher timeframes showing overbought positions and a drop on the ATR volume as a whole. Games will be played and money will be made.
But you need to be careful buying at the wrong price.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Inauguration VolatilityList of factors that create uncertainty in the markets on Inauguration day.
- Trump is unpredictable and has taken the nuclear codes with him today.
- FCA issued many warnings regarding the Emergency Broadcasting System, any issues with communications could effect exchanges
- Potential for terrorist attacks at the capitol, false flag, BLM, ANTIFA, Q etc
- US navy warships are covering both coasts, why?
- Train loads of heavy weaponry (tanks etc) has entered DC that are not used for crowd control, why?
- The news cycle has already included one story of a US soldier planning a terrorist attack...
Move into stablecoin until 5.30 GMT. Place low buy orders for panic candles.
SPX IDEA - Short to Long before the BIG SHORTWhen trading the US market - we need to consider several factors, past performance, key events, more recently Covid and the change of the US President. All of which have a significant influence on the market and the world.
Professional investors are looking closely for signs of a bubble.
If you look at the timings and go back to our post a few weeks ago - long SPx (below) at the reversal level. You can see we are now in the zone mentioned.
Whilst looking at DXY - what looks like a likely scenario is a rise of DXY dropping SPx, then a rise drop of DXY pushing SPx back up to create a new high (likely) before giving a full drop causing the bubble to break. Now at the same time - think logic, Biden moves into office, the drop is fear & uncertainty. within weeks it's pushing all time highs and the world is excited. Which is the best time for the sharks to attack. When the world is high fiving and thinking the Bull run will go on forever.
Worth thinking about and if you look at Elliott waves, Fibonacci extensions, Order Blocks. You will notice a drop, a rise, and then a bigger drop makes sense for more than one reason.
We will see.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
The Look of Twitter since Permanently Suspending DJT's Account Since Twitter Permanently Suspended DJT's Account the company's stock value is down 18.23% on this news. That is almost half of the USA population that cannot be reached by their president, looks to be a bad financial move for the company moving into 2021.
Watching for Symmetric Triangle BreakoutMy past analysis posted 1/15 has been invalidated, as I had been way too hasty to accept a temporary trendline reclaim as a major technical development. In reality it broke back down, and I was forced to exit trade. But I am still bullish based on the fact that instead of a harsh drop to the 20k range as everyone has been predicting, BTCUSD has simply printed a triangle formation. This indicates strong buying+accumulation pressure - it seems to me that BTC is simply recharging and recoiling for a next leg up.
-Upside break would see continued price discovery. My first targets in this bullrun are $65,000 - $75,000 (see my past analysis if interested as to my methodology)
-Downside break will see a support at 30k, which is the trendline support for the beginning of this bull market before we went vertical. We could still see 20k-25k, who knows.
The best part about trading triangles is that we know a break in either direction is always soon - so we don't have to wait much longer!
Fundamentally - I see 2021 as a potentially strong year for BTC regardless of administrative direction in the US. If they pass more stimulus relief, inflationary concerns will rise PM+crypto. If they fail to get it passed, economic depression will continue and crypto will rise amidst those concerns as well. That is my personal view.
GOLD Falling Within A ChannelGOLD has seen some tough weather lately. I think the pain is far from over.
After producing a fake break out with a double top only two weeks of days ago, gold is falling again. It's to be expected that risk in the markets is going to decline with the inauguration of Biden soon, leading to a decrease in the demand for gold.
I've marked two areas of potential support on the chart, S1 and S2. S1 placed at the most recent low and S2 placed at $1700. Consider S2 a longer term target.
Happy trading!
The biggest triangle of the whole financial historyEveryone is waiting for the INAUGURATION OF BIDEN. Will this happen smoothly, or something else will happen?
Is Trump impeached peacefully?
Are the people (aboriginal) get the answer they want?
What going to happen?
Will those world richest and most cunning jump into the market as they repeated say bitcoins is shit?
Is the vaccine really okay??
This is the biggest, the open end of the triangle is 11,000 USD.
What other instrument will have this kind of wonder.
Are this already wonder of the world?
Something unusual?
Supper undecisive moment of the world. This is why it reflected as an triangle.
when market get too many unanswered questions as above...