Broad market TA. Indices Currencies Commodities. 22 April 2019.
Indices
S&P 500 and Dow Jones are both in the same situation and might retrace soon, by end of month, just posted an idea about this
The DAX CAC40 and the Footsie are going up up up (and not at ath), I would want them to pullback and bottom while US indices either top or drop, and I would then buy. Would like to be short US indices and long europe ones in the near future.
Majors
US currency indices are all so flawed (and DXY volume is not enough for it to be otherwise relevant). Should I make my own to check us dollar strength?
EURUSD I am looking to either buy or sell if the conditions at that time will be right.
USDJPY I want to short.
GBPUSD AUDUSD USDCAD are all so bad. GBPUSD looks like complacency.
USDCHF it's a bubble! Tulips! I would definitely buy if sellers don't overwhelm us and buyers are still present. Friday SNB Chairman Jordan Speaks, going to play around this check it out.
Minors
USDMXN, I am watching this weird situation I do not know what to think. Long term uncertainty? Not doing anything for now.
EURJPY, I could buy... But shorting the Yen is more profitable and I'm not sure here with EURJPY...
I'll watch EURUSD USDJPY and EURJPY, maybe I'll do some special combo.
Wednesday there is a Monetary Policy Statement in Japan it's pretty important, Half of Economists Now Expect BOJ's Next Move to Be More Easing (wtf do they know thought).
The USA publish their real GDP results. Ya all know it's going to be disapointing. Even if it's not it will be a sell the news event I bet with stocks "going up on trade hopes" for ages.
Imma just short the USDJPY & long the EURJPY and no matter what the boj says idc. Idk we'll see.
EURAUD sucks.
GBPJPY, just waiting. No trades on H1. Only a big swing trade maybe in a while. I should poke people about the pound and if I get "you have no idea what you are talking about" and affirmations that the pound goes higher, it will confirm the complacency thing XD Ye idk I am just waiting.
Gold Oil Crypto
GOLD still in a downtrend after rejecting that triangle resistance on the weekly chart 2 months ago, currenctly recovering, will use the opportunity to short if I get a good entry. At that rate the price should get into my buy area ~1225 in a month or two. Expecting it to tighten for the rest of 2019.
USOIL spiking up, still strong uptrend. So strong I do not know how to get in. I don't know what to target either. I guess it could keep going up all the way to 75$. Oil is stupid.
BITCOIN I am thinking of being a buy-only on this dumb ponzi, which means I would not have to use Bitmex, tired of their cancer coinflip funding and frozen engine each time price spikes up and can't place orders while cashed out (short*0).
I prefer being able to estimate and predict everything, to me funding is pure coinflip.
I actually decided to be buy only with Bitcoin 6 months ago, but shorted 2 months ago to hedge what I had on mex... Tired of that place takes too much effort for no reason.
+ CRYPTOs: Quitting Bitmex I am not limited to Bitcoin too, ignoring the wash trading these are the 5 most trading crypto's: BTC ETH LTC XRP BCH, I might look at those, I don't know yet.
They are correlated, but not that correlated, the ath tops did not even happen at the same dates.
So it's quite like indices.
These 4 should be enough. Why do I feel I am going the easy route taking advantage of greedy delusional idiots? It's for the greater good they're wasting a ton of electricity and idiots need to get crushed anyway. I need to backtest my strategies with these crypto's thought, thought I could close my eyes, buy and scale in and it would always bounce, they'll always be casino jockeys "buying the dip" and "not missing on the bottom" every time price gets pumped a bit.
What a pos ponzi.
S&P 500 and Dow Jones are both in the same situation and might retrace soon, by end of month, just posted an idea about this
The DAX CAC40 and the Footsie are going up up up (and not at ath), I would want them to pullback and bottom while US indices either top or drop, and I would then buy. Would like to be short US indices and long europe ones in the near future.
Majors
US currency indices are all so flawed (and DXY volume is not enough for it to be otherwise relevant). Should I make my own to check us dollar strength?
EURUSD I am looking to either buy or sell if the conditions at that time will be right.
USDJPY I want to short.
GBPUSD AUDUSD USDCAD are all so bad. GBPUSD looks like complacency.
USDCHF it's a bubble! Tulips! I would definitely buy if sellers don't overwhelm us and buyers are still present. Friday SNB Chairman Jordan Speaks, going to play around this check it out.
Minors
USDMXN, I am watching this weird situation I do not know what to think. Long term uncertainty? Not doing anything for now.
EURJPY, I could buy... But shorting the Yen is more profitable and I'm not sure here with EURJPY...
I'll watch EURUSD USDJPY and EURJPY, maybe I'll do some special combo.
Wednesday there is a Monetary Policy Statement in Japan it's pretty important, Half of Economists Now Expect BOJ's Next Move to Be More Easing (wtf do they know thought).
The USA publish their real GDP results. Ya all know it's going to be disapointing. Even if it's not it will be a sell the news event I bet with stocks "going up on trade hopes" for ages.
Imma just short the USDJPY & long the EURJPY and no matter what the boj says idc. Idk we'll see.
EURAUD sucks.
GBPJPY, just waiting. No trades on H1. Only a big swing trade maybe in a while. I should poke people about the pound and if I get "you have no idea what you are talking about" and affirmations that the pound goes higher, it will confirm the complacency thing XD Ye idk I am just waiting.
Gold Oil Crypto
GOLD still in a downtrend after rejecting that triangle resistance on the weekly chart 2 months ago, currenctly recovering, will use the opportunity to short if I get a good entry. At that rate the price should get into my buy area ~1225 in a month or two. Expecting it to tighten for the rest of 2019.
USOIL spiking up, still strong uptrend. So strong I do not know how to get in. I don't know what to target either. I guess it could keep going up all the way to 75$. Oil is stupid.
BITCOIN I am thinking of being a buy-only on this dumb ponzi, which means I would not have to use Bitmex, tired of their cancer coinflip funding and frozen engine each time price spikes up and can't place orders while cashed out (short*0).
I prefer being able to estimate and predict everything, to me funding is pure coinflip.
I actually decided to be buy only with Bitcoin 6 months ago, but shorted 2 months ago to hedge what I had on mex... Tired of that place takes too much effort for no reason.
+ CRYPTOs: Quitting Bitmex I am not limited to Bitcoin too, ignoring the wash trading these are the 5 most trading crypto's: BTC ETH LTC XRP BCH, I might look at those, I don't know yet.
They are correlated, but not that correlated, the ath tops did not even happen at the same dates.
So it's quite like indices.
These 4 should be enough. Why do I feel I am going the easy route taking advantage of greedy delusional idiots? It's for the greater good they're wasting a ton of electricity and idiots need to get crushed anyway. I need to backtest my strategies with these crypto's thought, thought I could close my eyes, buy and scale in and it would always bounce, they'll always be casino jockeys "buying the dip" and "not missing on the bottom" every time price gets pumped a bit.
What a pos ponzi.
Comment:
Did not get filled on EURJPY missed out and USDJPY just went to my entry but I do not want to short it.