Broker
Trading Idea - #Robloxshort-term BUY: Entry 67.90 /Target: 73.80 / Stop: 63.20
mid-term SELL: Entry 73.84 /Target: 59.40 / Stop: 87.38
Roblox offers a platform powered by user-generated content that is inspired by games, entertainment, social media, and even toys. All users of the Roblox platform have identities in the form of avatars that enable them to interact and express themselves as whoever or whatever they want to be.
The company will publish its results for Q1 2021 on May 10, 2021. In the latest earnings releases, the company’s results were below estimates.
Best Brokerage Account 2021Let’s talk about the best brokerage account, and in order to do this, I want to compare five different brokers for you.
I’ll be comparing tastyworks, the current broker that I’m currently trading with, Robinhood because many traders are using it, TD Ameritrade because it’s wildly popular, Interactive Brokers because it’s great for international traders, and we will talk about a new broker that I’ve been using for the past couple of months, so I have an account with them.
I want to talk about this and compare them to the others and tell you why I really like this new broker and why I’m in the process of switching over all my accounts.
The first thing to keep in mind when you’re comparing different brokers, you have to pick criteria that fit your needs.
These are my criteria and they might be great for you, or your criteria may be different. So what I’m looking for when finding the best broker.
My Criteria For Selecting A Broker
So the first thing that I would like to know is how much do I have to pay in commissions per month? I use a certain baseline for this.
With my current broker, tastyworks, I looked back over the past three months and I wanted to see how much I spent. From 1/1 through 3/31 I made 150 trades and traded 1,665 contracts.
So I use this as my baseline in order to compare these different brokers. I took to see what if I make 150 trades, or 50 trades per month and 500 contracts that I’m trading per month.
Again, for you, it might be different, but we need to have somehow a baseline, especially when we are comparing the commissions per month that I’m spending right now, that I would be spending on Robinhood, TD Ameritrade, interactive brokers, and this new broker that I’m trading with.
Now, every single broker has some other fees, and you need to see which of these fees are important to you. Here are the ones that are important to me.
I want to know if there any wire fees and if so, how much are they?
Also, are there any assignment fees? Assignment fees are important to me because I’m trading The Wheel Strategy, and part of this strategy is getting assigned shares, so I want to know how much this will be.
Information about their customer support is also important to me. What happens if I need help and I need to call or e-mail them? Do they have an online chat feature? So this is important for me.
What about the platform? Every single broker offers a platform for you, so which one best fits your needs?
This is where we get a little bit more technical because I want to talk about levels three and four. What does this mean?
Well, it means that, especially when you are selling options which you do with The Wheel Strategy, you need certain option trading permissions, so you want to know how easily can you get level three and four if this is important to you.
Now, last but not least, I love having live data. I don’t know about you, but I want to make sure that live data available with these brokerages.
I also want to know how much it costs if anything. So let’s get started and let’s talk about the first broker here, tastyworks.
tastyworks
I am currently using tastyworks, and I know exactly how much money I spent on tastyworks.
On this particular account, I spent $550 dollars in commissions.
For the baseline of 50 trades and 500 contracts per month, I spent around $180 in commissions.
Now for tastyworks, how much are wire fees? When I wire money out, which is once a month, it costs me $25.
What about the assignment fees? The assignment fees for tastyworks are $5. I want to explain to you exactly how they are charging.
So with tastyworks, they charge $1 per contract and they do have a $10 maximum. So you’re never paying more than $10.
Even if you’re trading 50 contracts, you will only pay $10.
They also have no closing fees and this applies to options trading. For stock trading, these days, trading stocks is free pretty much everywhere.
So we want to worry about options here because that’s what I’m mainly trading.
What about customer support? I must say their support is good. The experiences that I have had thus far when I contact them by chat are very quick.
When contacting them through chat, they usually only have me on hold for three to ten minutes.
Now, what I do not like about tastyworks? You cannot call them, and sometimes I would rather speak with someone on the phone, so this is why I’m not labeling it “very good,” I’m just labeling it as “good” because you can’t call them.
As for their platform, I think it is pretty good. However, I’m just using a fraction of the platform, so for me, the most important function is actually placing trades.
I’m not using any of the complicated curves that you can have and all of the analysis tools, but again, if this is important to you, then you need to make sure that this platform meets all of your needs.
For me, it does what I need it to do, which is entering trades.
Now level three and four is actually something that is quite easy to obtain with tastyworks. So no problems there, and live data is actually free.
Robinhood
As for Robinhood, how much would you pay in commissions per month? Well, Robinhood has always advertised you pay zero commissions, and that is true. For options trading, you also pay zero dollars, which is actually pretty cool.
Wire fees are a whopping zero dollars with assignment fees being zero dollars. So thus far Robinhood is really good in terms of commissions, right?
Well, what about customer support? Now, full disclosure, I do not have an account with Robinhood, so I’ve never contacted them, but based on what I have heard, it is pretty bad.
What about based on what I’ve seen? I don’t know if you’ve been following the news, but back when we had the GME craziness, Robinhood restricted trading for several days.
I don’t think that was fair. I don’t think that they should have done that, but they did.
This makes it seem to me they don’t have their customers in mind. Now, again, full disclosure, I don’t have an account with them and never contacted them. I’ve just heard that customer support is pretty bad.
What about the platform? I don’t know first hand, but I’ve heard it’s good. Again, this is where I go from hearsay because I don’t have an account with Robinhood, never had one, & don’t want one.
In terms of levels three and four, I heard from traders who have an account with them say it is fairly difficult to obtain levels three and four.
If you’re trading The Wheel Strategy, this is super important. As for their live data, it’s free.
TD Ameritrade
Now on to TD Ameritrade. How much would you spend with TD Ameritrade based on my baseline? You would pay 65 cents per the contract that you trade.
So if you’re trading like me, 500 contracts per month, times 65 cents, that comes to $325.
What about the wire fee? The wire fees here are also $25, the same as with tastyworks, but assignment fees are zero.
Now, what about customer support? Customer support used to be good. Right now I would say it is decent.
There was a time when you could call them they would pick right up. These days you are probably on hold for anywhere between 15 minutes and 2 hours because they got bought by Charles Schwab.
There seems to be a lot of consolidation going on and because of this, and because of this, it seems that customer support is suffering.
What about the platform? ThinkOrSwim is probably one of the most powerful trading platforms out there, and it is fairly complex.
For me, I just need to enter simple orders such as buy and sell orders. So for me personally, it is too complex.
It took me a long time to learn it. For those of you who have ThinkOrSwim, you either love it or you hate it. Either way, it is so complex, so you probably had to spend hours and hours learning it.
Levels three and four are fairly simple to acquire, and also live data here is free.
Interactive Brokers
Now with Interactive Brokers, I personally do have three accounts. I’ve been using them since 1999.
They’re a great choice for international traders. However, Interactive Brokers charges 65 cents per contract.
So very similar here to TD Ameritrade. If I would trade on Interactive Brokers I would actually spend $325.
The wire fee here is a little bit cheaper, $10. The assignment fees, if you get assigned, are zero.
Now their customer support, based on my experience is pretty bad. I’ve tried contacting them by chat, by phone, by email, and if you’re trying to contact them by chat, you will most likely be on hold for at least 20 minutes.
If you try to contact them by phone it is not unusual to wait 30 to 60 minutes until you get connected.
Their platform here is actually simple to use, but I find it’s pretty clunky. So just if you want my opinion and again, this is just my opinion.
You on the other hand might find this platform blazing fast and think it’s the best trading platform there is.
Now, in terms of levels three and four, yes, it is fairly easy to obtain, but they charge you $14.50 for live data, so just keep this in mind.
This is a monthly fee so you just need to know what you need.
So with the new broker, and I’ll tell you in a moment who that is, but when I saw all this mess going on in February where several brokers restricted trading, I said, “you know what, this is not fair.”
When I heard from some of you say, “My broker suddenly raised the margin requirements and I didn’t have a margin problem before and now I have a margin call,” or that you’re on hold forever before you get any customer support, I set out to find a great broker, and here is the new broker that I’m currently using.
Tradier
The new broker that I’m using is Tradier. I will move all of my accounts over to them because of what they’re offering.
The commission per month, it’s a $10 flat fee. $10 no matter how many options you trade.
This is a special rate for those of you reading these articles, and following me on YouTube.
So I think it is an absolutely cool model because it is a flat fee no matter how many contracts you trade.
Now, this, of course, is great if you are trading a lot of contracts like me. You have seen it, 500 contracts per month, with 150 trades, so I’m a very, very active trader.
I think it is absolutely cool that instead of paying $180 per month, all I’m paying right now is a $10 flat fee. That is pretty cool.
Now the wire fees are a little bit more expensive. The wire fees are $35, but again, I’m using it once a month.
So, therefore, if I’m adding this up, all right, and I say, well, that is $205 per month versus $45 a month, and for me, that adds up.
Right. It’s only a $10 difference from tastyworks, and I’m not wiring money in and out like crazy. I’m just wiring it out once a month and that is okay.
So the assignment fee here is a little bit higher, at $9 as of right now. So over the past three months, I had 3 wires and I had 8 assignments.
This is for the year. This means that per month I have 1 wire and approximately 3 assignments.
So as you can see, this is why the assignment costs here for me are not that important.
Again, these are my numbers, your numbers might be completely different, and that is fine.
This is where the cool thing is you have probably your brokerage account statement, so you can take a look at that, and then you know exactly how much you’re paying right now.
So the customer support, I must say based on my experience, over the past two months that I’ve been using them, is awesome.
What do I mean by awesome? By awesome I mean that I can pick up the phone right now.
I can call them, and within two to three rings, somebody picks up. The customer support team is in North Carolina, so I’m not going overseas, they are here in the United States.
They have been super responsive by email and by phone. I don’t even know if they offer a chat on the website because I was just so happy that I can finally talk to somebody.
Again, I’m coming from tastyworks, and on tastyworks, I’ve never, ever been able to talk to somebody because their business model is that they’re all doing it by chat, so I love this.
What about their platform? Their platform is simple, and in my opinion, it is super easy to learn.
So you can learn this platform in literally 10 minutes because that’s what they do. They just say, hey, if you want to enter trades, which I want to do, it’s fine.
They don’t have all of the bells and whistles that the other platforms have. So I would say it’s more comparable to Robinhood instead of a platform like TD Ameritrade because with Robinhood you just enter the trade and it is good.
So it’s simple and easy, does the trick for me.
Levels three and four are super easy to get. And live data is free. So this is what this new broker is all about.
For our members, we have created in our private community a special discussion group, and in this discussion group, we are here to help you, support you, with this particular brokerage. Which again is called Tradier.
So, for example, people have been asking if they open an account for business, an LLC for example? And the answer is yes. So you can ask us if you want to, of course, you can contact them.
So this is what we have here. We have a Tradier discussion group.
We do have tutorials for you such as videos on how to open an account, how to set up a paper trading account, and that reminds me, they offer paper trading. As you know, I highly recommend that you trade on a paper trading account first.
There are also videos on how to fund your Tradier account, how to place a stock entry order for the PowerX Strategy, how to place options order for the PowerX Strategy, entering orders for The Wheel Strategy, how to check your positions.
Summary
OK. So, again, my promise is to show you the best broker and this is the best broker for my needs. Now, for your needs, it might be different, but I thought that I compare here that the top five brokers that most traders are using right now.
Market Maker ID50 Bounce Trade - GBPNZDLooking for an Intraday Bounce on the 15M from the 50. Setup Parameters are below. Once you hit TP1 - Close half and move stop loss to entry.
If you're interested in learning more about the Market Maker's Method - Join The Forex Gurus
**Pending Order**
ID50 Bounce Trade (15M)
Sell Limit GBPNZD
Entry - 1.93700
SL - 1.94100
TP1 - 1.93400
TP2 - 1.93044
TP3 - 1.92583
EUR/AUD : Price Action on Daily TMF , Price Keeps Falling ! 🔔Welcome back Traders, Investors, and Community!
If you Like this analysis, Please support our page by hitting the LIKE button 👍
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Good trading at everyone!
AUDNZD- Valid shorts or market manipulation?As we can see price has now confirmed this lower low, but is it just the markets trying to manipulate us retail traders to fulfil our stops? We need to wait to see how price develops on the 4Hour chart, any wick closes will signal the orders have been met and it is valid to enter a short.
LOOOOONG $VYGVF / potential x4 before EOY Intro:
VYGVF is the OTC US stock of the Canadian VYGR stock.
Voyager is the biggest US crypto broker you've never heard of . Mobile-first, best execution, commission-free, etc. It has great fundamentals and a good market position.
They also have a lot of momentum , with an analyst report (Buy) and the acquisition of the retail business of Circle (Goldman Sachs) with Bloomberg features, etc.
TA:
MAC weekly about to switch bullish on a massive volume spike ... after 4 months of accumulation => Obvious long in my book.
Not much resistance but real strong support in the low .20s
(<$0.21 would invalidate the idea).
FA:
So here's the thing. It may be a bit of a stretch and you could argue that it's an over-simplification, but:
Coinbase has about 13 millions accounts and is valued around $8Bn. That's about $615/ account.
According to Bloomberg, Voyager has 200,000 accounts (with the Circle acquisition). If we take $500/ account, that's $100M .
It's current valuation according to etrade: $24M at $0.31 a share.
That's the x4 potential - and coincidentally (or not) that matches perfectly the $0.31 to $1.26 of the chart...
Warning:
Books are thin, spread is often too wide for my taste, and it's a micro cap - so no point going too heavy (<$50K imo) or flipflopping positions.
A good buy and hold - sell in a few months (late 2020 or early 2021) for a potential x4+
$VYGR Good team, great exposition to crypto stockAs you know I am bullish on cryptocurrencies. Voyager is a new crypto broker thats established in New York, compliant with the laws and publicly listed in Canada. Their CEO has a great experience in brokerage. It just broke out its descending channel and retested it successfully. I think this is a great exposure to crypto while staying within the stock market boundaries. It could be a nice growth opportunity.
VYGR (Canada) obvious LONG [NEWS + FA/ TA]FA: Vastly undervalued company - Great pick for the trader who wants exposure to Crypto (high Risk/high Reward)
TA: Obvious Inverted H&S on the daily (about to breakout imo)
News: Benchmark analyst Buy Rating on the VYGVF (US OTC equivalent) - with target of 0.50USD = 0.67CAD
Note: I've been accumulating prior to today's Buy Rating just based on FA/ TA.
How brokers provide zero commission trading? You've probably heard of many zero commission trading platforms being established.
Robinhood is probably the most well known one, actually.
Historically, brokers have made their money by facilitating trades in the market between buyers and sellers and collected a fee for their extremely hard work...
Since markets have become larger, with greater trading volume and more participants, commissions per trade have fallen drastically, and the industry has had to change for your poor broker to earn a living.
With the rise of the smartphone, this has led to brokers being able to target a new type of trader...
This trader tends to be less informed than a professional...
Trading off a phone...
A lack of experience...
And more of a gambling mentality rather than understanding what is truly driving markets.
Firms have realised that.
'Commission free' is a marketing tool, and a very good one.
See, what is happening now is that market makers and dealers - and by extension, exchanges - are willing to pay brokers for their uninformed clients' order flow.
High frequency trading firms, such as Citadel, Apex, Renaissance, Virtu and DRW conduct market making on extremely low timeframes, providing liquidity to exchanges - that's their primary goal - and exchanges pay them rebates based on volume for doing so - note the chart of the CME Group above.
Their share price has increased massively since high frequency trading (market making) has driven 'liquidity' to the exchange.
Since their business is focused around volume, they welcome HFTs providing liquidity and therefore do not mind paying them volume based rebates - HFTs are kind of like introducing brokers.
But what's a market maker?
Market makers are delta neutral.
They do not necessarily care about the direction of a market, they simply want to sell higher at the bid and buy at a lower offer, thus capturing the 'spread' (the difference between the bid and the offer).
By paying brokers for the uninformed flow, this means that they believe they can capture asset misvaluations, and therefore turn a profit.
And it's very lucrative business.
Robinhood recently got fined for not routing orders adequately to allow for best execution for clients.
The adverse selection that they committed is an example of how a client can be at detriment.
However, it isn't necessarily bad to trade with a zero commission broker, since your explicit costs can be low (although implicit - the costs you don't see - could be higher and likely are).
What matters massively is their execution policy and whether you are being filled at the bid or offer that the market will allow you, or if you're receiving the price that the broker wishes you to get as part of their routing relationships with market makers.
The former is good, the latter is bad!
I hope that's cleared up a bit for you...
Corvel: An Insurance Broker with Upside in 2020Corvel is an insurance broker that focuses on managed care that continues to post good EPS, ROE, Income, Revenue and Diluted EPS.
Technically speaking the fallen triangle has already happened and that will send the stock soaring into record highs sooner than later.
In the market, you want to always check for fallen descending triangles which in-turn form consolidations to an eventual cup then breakout. This represents one of the most bullish patterns in the entire stock market that people consistently overlook.
TP: 130+ by end of 2020.
- zSplit
Improved Version : How Do "Whales" Trade ? CAUTION : EXPERIMENTAL
Hello friends.
Whale trading system has been developed and placed on a more reasonable ground.
So this publication is an improved version of the educational idea : How do "Whales" Trade?
Before Starting
In related ideas, you can see the first version and the script I used to create this idea.
And there is an intermediate version that shows the logic after separating the bull - bear zones.
RULES
First of all, there is absolutely no short position to reduce the risk of this system.
Negative regions are sales regions. (Not short position)
Position sizes are shown in the presentation.We split our capital 100 . (Or you can accept your entire position size 100.)
We certainly don't try with all our capital.
It can be tested with reasonable capital allocated for instruments.
At each change of region, we dispose or purchase all of our position size.
And the values in the presentation are our graded position amounts .
Now that we've benefited from regional changes, I found 10 levels reasonable.
Let's write our position sizes here too :
STAKES
Pos Size 1 : % 0.4329
Pos Size 2 : % 0.8658
Pos Size 3 : % 1.2987
Pos Size 4 : % 2.1645
Pos Size 5 : % 3.4632
Pos Size 6 : % 5.6277
Pos Size 7 : % 9.1
Pos Size 8 : % 14.719
Pos Size 9 : % 23.81
Pos Size 10 :% 38.52
Note : Position size ratios are formed by coefficients based on gold ratio to provide a logical example.
Let us now examine the region from January 22, 2018 to August 26, 2019.
I'm doing trade and distributional trades for 1 bar after eye decision and signals to be fair.
TRADES AND TRICKS
After the sell order arrives on January 22, we wait until distributional buying points arrive.
First distributional Buy Signal was on 7 May 2018 (close ) , so it means : Our first Distributional Buy was between 7 - 14 May 2018.
Let's start :
Distributional Buys :
1.Buy : 8572.5 Position Size : %0.4329
2.Buy : 7847 Position Size : %0.8658
3.Buy : 7456.5 Position Size : %1.2987
4.Buy : 6563.5 Position Size : %2.1645
5.Buy : 6786.5 ==> Rejected , because price is higher than last Buy.
5.Buy : 6507.5 Position Size : % 3.4632
6.Buy : 6396 Position Size : % 5.6277
7.Buy : 5837.5 Position Size : %9.1
8.Buy : 3940 Position Size : %14.719
9.Buy : NET Long Signal : 3493.5 Position Size : The Rest ==> (100 - All) = %62.328
Distributional Sells
1.Sell : 10919 Position Size : %0.4329 (May be higher than the amount of earnings. For example : % 25
Here we are improvising according to obligatory market conditions.
I wrote the first rate in order to follow the example rule, but I would sell between 25% and 40% in live trade.
Because the profit is too high.)
2.Sell : 10146 Position Size : %0.8658 ( Normally I shouldn't have sold it because it was lower than the first sale.
But the profit is still very high, but it is decreasing, so I sell.
A much higher quantity can be sold here, as is the same on the top.
I'm writing the next rate to keep the rule.)
3. Sell : 11376 Position Size : % 60 ( Now profitability is at its peak , I ignore the stake rules and going to improvise.
Instead, the first 3 - distributional sales: 10% - 20% - 40% with values such as making it much more reasonable.)
4.Sell : NET Sell Signal : 9970.5 Position Size : The Rest ==> (100 - All) = %38.8
Note : I could have gone a lot more profitable than my earnings, but to avoid stretching the template, I applied the first 2 ratios.
A professional could have been more profitable here: Example: 40 - 60 and close.
So I'm going to calculate these rates.
CALCULATIONS ( For 100 unit = Full Position Size )
Average Cost : (8572.5 * 0.4329 + 7847 * 0.8658 + 7456.5 * 1.2987 + 6563.5 * 2.1645 + 6507.5 * 3.4632 + 6396 * 5.6277 + 5837.5 * 9.1 + 3940 * 14.719 + 3493.5 * 62.238) / 100 = (3711.04 + 6793.93 + 9683.76 + 14206.7 + 22536.8 + 35994.77 + 53121.25 + 57992.9 + 217428.5 ) / 100
Average Cost = 4215
Average Sell : (10919 * 0.4329 + 10146 * 0.8658 + 11376 * 60 + 9970.5 * 38.8 ) / 100 = (4726.84 + 8784.41 + 682560 + 386855.4) / 100
Average Sell Price = 10829.27
SUMMARY
Percentage of net earnings per unit (Full Position Size): ((10829.27 - 4215 ) / 4215) * 100 = %156.92
In doing so, commercials provided liquidity to the markets and did not have the problem of not finding buyers.
Stoploss here means emptying the whole position, for me 4 bars means stoploss in all directions.
More importantly, increasing rates will not harm us in non-trend areas.
Because we start with low rates.
Although comments and improvisation are very important, I tried to explain the system outlines by linking them to certain rules.
Now we have gone more systematically than the first version !
GBPUSD W1 - BLACKSWAN (SHORT)GBPUSD Seems to be going short for the next coming week... or weeks it's currently setting up for a BLACKSWAN where its touching a possible resistance zone. The resistance zone doesn't seem like a very strong one however its currently in position at a 38.2% retracement in the market and its touching a MAJOR trendline in the market. The trendline has made 2 touches before but currently in this situation with such confluences at the moment it's likely to be very probable. The GBP pairs seems as though they're gonna make some major drops at the end of 2019 and the opening of 2020. Who knows it might last a couple of days weeks or months but set your targets and get in for some shorts! If your analysis says otherwise then by all means go long because i can be wrong. Nothing's guaranteed in these markets!
I've had approximately a 70% Win rate trading BlackSwans so it might be worth considering.
Love my idea and looking for a reliable broker to trade?
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Saudi Arabian Oil Price Fixed Despite Rising Crude InventorySaudi Arabian Oil Price Fixed Despite Rising Crude Inventory
Saudi Arabian oil remained despite increasing crude inventories and intensifying China-U.S. trade tensions.
Crude oil WTI Futures rose up 0.1% to $55.38. Also, International Brent Oil Futures changed a bit at $60.86.
U.S. oil inventories surged sharply last week, according to a survey from the American Petroleum Institute released overnight.
The API forecasts that crude inventories increase by around 6 million barrels for the week ended Nov. 15.
Analysts are anticipating that the U.S. Energy Information Administration’s weekly inventory data to show a decline of 0.7 million barrels in crude stocks.
Oil prices were under pressure and declined as much as 3% before the release of the report. Also, U.S. President Trump warned to increase tariffs on Chinese products even further if Beijing does not sign a phase one deal.
Weighing on prices, the Reuters report said Russia is unlikely to agree to deeper cuts in oil production at a meeting with fellow exporters next month. However, it could extend existing cuts to support Saudi Arabia, the reports said.
An analyst at brokerage OANDA said oil is also feeling heavy. This is after the Russians warned they are unlikely to agree on deepening oil output cuts at the December OPEC+ meeting.
Moreover, the API data also showed U.S. inventories posted a rather booming increase last week. If this EIA report confirmed this, they could see oil prices continue to increase.
Knock-on effects from the trade war have felt in other industrialized economies.
Japanese exports dropped at their quickest pace in three years in October. It threatens to tip the trade-reliant economy into a downturn because of weakening demand from the U.S. and China.
Crude imports to Japan dropped 1.3% in October compared to the same month a year ago.
Saudi Arabian Oil Prices steady after Two-Day Decrease
Saudi Arabian oil was stable as an increase in U.S. stockpiles’ concerns about lifeless world economic growth amid the trade war.
West Texas Intermediate (WTI) crude futures surged 11 cents, or 0.2%, to $55.32 a barrel after declining 4.3% during the recent two sessions.
Brent crude futures were at $60.93 a barrel, rose 2 cents, or 0.03%. Also, Brent decreased by 3.8% during the prior two sessions.
The U.S. crude inventories increased 6 million barrels to 445.9 million while the expectation of analysts will rise by 1.5 million barrels, according to the API data.
The rise in inventories in the U.S. added to concerns about a crude oversupply. This is after reports that Russia was unlikely to back increasing output cuts when the OPEC meet on Dec. 5-6 in Vienna.
Russia and other oil producers agreed with OPEC to decline 1.2 million bpd of output through March to boost prices, according to OPEC+.
Official U.S. government inventory data from the EIA is due today.
Furthermore, U.S. crude demand slowed amid its protracted trade war with China. Hopes for an end to the tension in the signing of phase one deal dimmed amid a dispute over the removal of tariffs each side enacted.
U.S. President Trump said that the U.S. would increase tariffs on Chinese imports if there is no deal with Beijing to end the war.
Select the Best Forex Brokers to trade with:
• FXGiants • Orbex • XTB • Alpari • Axitrade • IQ Option • avatrade • alpha-forex •
How Do 'Whales' Trade ? Hey! Now calm down and erase all of your coffee fortune-telling stories, throw the pump and dump signals you've been waiting for!
You can only draw trend lines and long-term channels.
If you're still not mad at me, we're starting now !
Trade is a relative concept and the buyer meets the seller relatively.
Therefore, trendlines and channels can provide little information about trendlines in relatively time-dependent breaks.
I am not a licensed broker at first, but I spent a lot of time in the CFTC and COT section, especially in interpreting Commercial positions with all other relative indicators and volume.
The so-called concept of the whales in recent times is actually producers and owners of large official capital.
They have to divide the amount of sales they find in their sales because the positions they carry are huge.
While the price is falling while buying, they have to make gradually while the price is rising.
Or they will not find buyers for their goods.
Now we will consider a trade cycle with reasonable figures in the figures you see in the picture.
We are doing it first bar after signal with average price as real trade :
Example Rule : Our position size : Last block * 1.5
Distributional Buy Blocks :
1.Buy point = 1298.3 ( Position size = %1 )
2.Buy point = 1214.1 (Position size = %1.5 )
3.Buy point = 1194.5 (Position size = %2.25 )
4.Buy point = 1193.1 (Position size = %3.375 )
Cost = (1298.3 * 1 + 1214.1 * 1.5 + 1194.5 * 2.25 + 1193.1 * 3.375) / 8.125 = 1210.4
Distributional Sell Blocks :
Example Rule :
Let's divide our sales into same levels according to our expectations.
But in risky places that we think to be a definite negative trend, let's definitely empty our position and not carry a position.
If the negative trend came after the first sale, then let's clear it all.
All experts draw channels and trends for this.
(I started using my high-end system, but channels and trend lines are still important, because I think everything that shows relativity in trade is very important! )
Our buy levels was 4 and sum of ratios = 8.125
1. Sell block = 1 / 8.125 = %12.3
2. Sell block = 1.5/ 8.125 = %18.46
3. Sell block = 2.25 / 8.125 = %27.69
4. Sell block = 100 - (1.sell block + 2.sell block + 3. sell block ) = 41.55
Finally : Sell Points
1. Sell point = 1223.923 (3 consecutive purchases were shortened in one buy , If I had sold 3 times in a row, my wife would have been much higher because the rate would have increased in the hills, but the sample would have been too long.Although I use a very successful system, I divide it into 10 and I empty all of them in the definite negative trend.You may divide by 15 or 20 with distributional buy too or decrease dist ratio.Here you can not sell anywhere in the whole position can be seen when you see the negative signs, I do not prefer only as a stoploss I use this last safety.)
2. Sell point = 1243.57
3. Sell point = 1285.67
4. Sell point = 1310.93
Average sell point : (1223.923 * 12.3 + 1243.57 * 18.46 + 1285.67 * 27.69 + 1310.93 * 41.55 ) / 100 = 1280.798
RESULTS :
Net profit = ((1280.798 - 1210.4) / 1210.4) * 100 = 5.816
As a result, our senior investor has already increased per unit 5.8 percent in a short time.
In doing so, commercials provided liquidity to the markets and did not have the problem of not finding buyers.
Stoploss here means emptying the whole position, for me 4 bars means stoploss in all directions.
I will adjust the rates and use it in real ideas and real trade.
Stay tuned! Noldo.
XNGUSD Long BiasHello everyone.
This is natural gas analysis.
As we have given demand analysis in our previous post some time ago. Though price just validated the previous higher time frame monthly demand zone but there are some chances to retrace back because as we know market always makes fresh zones on lower time frames after confirming higher time frame’s zones. So here is the small gap we can earn from. There is a chance to retrace back after touching 2.4700 area so we can set out TP on the said area.
But after a small retrace market would give us another bullish move so lets see.
Happy Trading
GbpnzdHello everyone!
Hope you guys doing good.
as we discussed a month ago in our previous post. Gbpnzd just reacted to the previous monthly strongest supply area and now drops are heppening. Always make an enrty zone to zone and get earned.
We don't use fundamentals, news etc we just follow SD imbalances.
Previous analysis linked with the post.
Good Day
NZDUSD: Much Indecision
hey traders,
nzdusd is standing on a 6 years low on a weekly.
recent false breakout of a previous structure low on a daily leaves us clues
that bearish pressure is exhausted.
currently, the market is started to contract within a symmetrical triangle formation
- a clear indication of high indecision.
though according to a common rule, we trade such triangle, waiting for a breakout and the side of breakout does not matter,
I will trade only in case of a bullish breakout following my observations of weekly and daily charts.
target levels will be 0.6345 and 0.6395
stop goes below the last higher low of a triangle.
*if you like this idea, please, like it and leave a comment! thanks :)