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Currencynerd

swing traders are going to love this!the trade bias on this idea is strictly based on technical analysis. going straight to the monthly price chart liquidity pool ranging from 28.08800 to 26.39800 has been the current significant price area in control of price since a rejection from the area in 01 march 2022. price has been also showing signs of bearish rejection from price levels @ 25.40550 failing multiple times to close above, price continues to indicate increasing bearish momentum with bearish trendline (acting as dynamic support & resistance) still intact with no full OHLC candlestick closing above and MONTHLY candlestick currently trading below bullish trendline which closes in 28days a close above is extra confirmation for a continued move to the downside. i have targets at previous high @ 19.6500 with just below it resting fresh demand zone, but the next bearish price of interest is liquidity pool ranging from 22.00100 to 22.25650 if we clear it then all aboard the TP cruise ship. put together by : Pako Phutietsile ( @currencynerd ) SUPPLY AND DEMAND RULES ALL MARKETS
OANDA:XAGUSDShort
by currencynerd
5 biggest gains in Nasdaq 20232023 has been a thrilling year in the financial markets with fears of a recession with rising inflation and continued interest rates hikes, WHAT A YEAR! but even with the trials and tribulations many investors have faced sailing the deep seas on the financial markets here are the top 5 biggest one-year percentage gains on the NASDAQ Exchange 2023 : 1. Jin Medical International (ZJYL) - Medical sector, surgical appliances and supplies industry. this Changzhou, China based cooperation provides manufacturing of wheelchairs and other health-aid products for disabled and elderly people worldwide, with gains of +389.2% 2. NextPlay Technologies (NXTP) - Consumer Discretionary sector, Business services industry. this company operates in 3 segments : media, travel and FinTech providing games, in-game advertising, digital asset products and booking services to residents of U.S, Puerto Rico, Europe and Thailand but is based in Sunrise, Florida, with gains of +152.8% 3. Invivyd (IVVD) - Medical sector, Biological products industry. this company delivers antibody-based therapies that protect vulnerable people from viral infectious diseases starting with SARS-CoV-2. headquartered in Waltham, Massachusetts. it has gained +138.0% for year 2023. 4. Compugen (CGEN) - Medical sector, Biological products industry. it is a clinical-stage therapeutic discovery company with product testers in Israel, U.S and Europe and it's headquarters in Holon, Israel with one-year percentage gains of +122.4% 5. Sphere 3D (ANY) - Computer and technology sector, Software-Application industry. this is a carbon neutral bitcoin mining company with enterprise data-services experience. it is based in Greenwich, Connecticut with gains of +106.0% merry Christmas to all investors and traders on @TradingView . it's all love, this is @currencynerd signing out for the year. to more and more knowledge sharing in 2024.
OANDA:XAUUSD
by currencynerd
the Gopher swimming in significant liquidity pool since 17 November the Gopher has been trading in a parallel bearish channel failing to trade/close above and above it, with the top and bottom trendline of the channel acting also as dynamic support and resistance. price has found itself in weekly liquidity pool made of significant levels - (i) weekly supply of proximal price of 146.700 now acting as demand on smaller timeframes (ii) weekly demand CP of proximal price of 146.400. i forecast higher USDJPY prices because price has found support on the bottom trendline of channel and is reacting to liquidity pool with the bottom price of the liquidity pool being demand level which is currently the significant level in control of price. i have bullish targets to 4HR previous demand of proximal price @ 148.900. put together by : Pako Phutietsile ( @currencynerd )
Long
by currencynerd
REST IN PEACE to one of the greatest financial mindsCharlie Munger right hand man to investment giant Warren Buffett has passed away on the 28 November 2023, born 1 January 1924. Not only was he an investment wiz he was great at behavioral psychology. He started his investment career in 1962 working as a real estate attorney which he gave up to pursue investment management along side Otis Booth, he later went on to form an investment firm with Jack Wheeler to his own firm to 1975. 1978 when he started working closely with Warren Buffett on BERKSHIRE HATHAWAY which owns businesses with a networth of 782.64BILLION in different industries and they have since made an average annual gain of 20.1% every year till 2022, and has made a personal wealth for himself of 2.6 billion. He considers himself to be a value investor ( investment strategy where investors identify stocks whose prices don't reflect what they are really worth) . Charlie also was a long term investor looking at companies that were high in value and also had the potential to continue increasing in value by holding for a long term compounding gain. some of his best qoutes are : -the best way to get what you want is to deserve what you want. -all intelligent investing is value investing -the world is not driven by greed but by envy. the investment community suffered a great loss, Charlie is really one of the greats, showing it pays to be patient and the importance of portfolio diversification. what have you learned from Charlie Munger yourself? put together by : Pako Phutietsile ( @currencynerd )
NYSE:BRK.AEducation
by currencynerd
aussie forecast. on the daily chart price has been on a steady rally breaking previous bearish structure where i witness resistance levels now acting as support. this upside movement is due to price finding demand around the 0.63700 to 0.62800 price areas with the most impactful price being demand at proximal price 0.63500 which is currently in control of price. this increase in bull momentum resulted in price breaking and trading above liquidity pool ranging from 0.65300 to 0.65200, price retested this important market structure failing to close below it, with extra bullish confirmation of price breaking also and trading above dynamic resistance trendline forming several OHLO candlesticks indicating increasing bullish momentum and strong demand dominance in price. i have a long bias on the currency pair all the way to next above crucial price level which is supply CP(imbalance continuation pattern) of proximal price 0.66300. put together by : Pako Phutietsile ( @currencynerd )
Long
by currencynerd
indicators used to measure main factors surrounding pricethere are 4 main key elements in market price action that i have come across. these help traders/investors determine many crucial factors of price like strength, direction, motion, even speed. these are : momentum, trend, volume and volatility. in this idea I will be explaining these price forces and the different types of indicators/tools used to measure them. 1. MOMENTUM - this is the strength /intensity behind price movement or simply the speed at which price is changing. this helps traders/investors capitalize on market volatility. this is a very important price factor for breakout traders. types of momentum indicators : - THE RELATIVE STRENGTH INDEX, this indicator is used it bear and bull markets by measuring recent price changes with levels from 0-100. levels below 30 indicate oversold market conditions indicating bullish strength, and levels above 70 signal overbought market conditions indicating sell bias and 50 is a balance between the two. - AVERAGE DIRECTIONAL INDEX, this unlike other momentum indicators measures the strength of current market direction rather than determining whether the market strength is bullish/bearish. it is measured between 0 to 100 with level below 25 indicating weak trend, 25-50 strong trend, 50-75 very strong, 75-100 very strong trend. other momentum indicators include - stochastic oscillator, MACD, commodity channel index 2.TREND - this is the overall direction of an asset price, either up, down and sideways. types of trend indicators -moving average, this is the average closing price of an asset over a certain period of time, when price is trading above the moving average price is said to be in an uptrend and if trend is trading below it is in a downtrend. -trendline, this is a price line that is formed by connecting price highs and lows, if price is forms a full OHLC candlestick above bearish trendline connecting lower lows and lower highs it indicated change in trend from bearish to bullish and vice-versa. 3. VOLATILITY - this is the the degree of variation in relation to an average price level or rate at how price fluctuates. it provides market opportunities as the more price changes the more investors/traders can capitalize on these price changes. types of volatility indicators -average true range, this indicator measure volatility over a certain period of time by moving up and down based on significant noticeable price changes calculated by subtracting previous close from current high, previous close from current low and current low from current high. do this continuously to get average of true ranges. -bollinger bands- this consists of 3 lines, a simple moving average , upper band and lower band. when the market becomes more volatile the bands widens and low levels of volatility the bands loosen or contract. other volatility indicators include : relative volatility index, average directional movement index. 4.VOLUME - this is the number of contracts exchanged or trades for a certain asset in a period of time, this can help traders/investors determine strength and direction of trend. types of volume indicators -MONEY FLOW INDEX, this indicator measures the flow/direction of money in and out of a particular asset class over a specified period of time. positive money flow is the total of positive numbers , if today's price is greater than yesterday's price it indicates positive money flow and vice versa, this is to measure volume of rising and falling periods. -ON BALANCE VOLUME, this measures bearish and bullish pressure by adding volume of bull days and subtracting volume of bearish days it can be calculated in a simple formula : if today's closing price is higher than yesterday's closing price it goes like, Current OBV = PREVIOUS DAY + today's volume and subtract today's volume if today's closing price is lower than yesterdays' price. hope this information helps/improves your trading/investing. put together by Pako Phutietsile ( @currencynerd )
OANDA:XAUUSDEducation
by currencynerd
crazy technical indicators you never knew existedtechnical indicators are mathematical patterns and formula that are calculated from past market price and data to predict future market movement, as the trading /investment community continues to grow there are a lot of trading indicators and tools that traders use, invent and discover, but here are some of the weird, uncommon and unconventional technical indicators used by traders/investors of different market kinds : 1. THE CARDBOARD BOX INDICATOR this indicator is used to forecast consumer goods production as the more output of cardboard boxes the more the economy is indicating growth because practically everything packaged and packed comes in boxes, this also shows factories and companies are operating and producing goods at a larger scale and upward economic activity. this indicator was famously used by the 13th chairman of the Federal Reserve, Alan Greenspan. 2. THE LIPSTICK INDICATOR - this indicator is due to a theory that there is a direct correlation between cosmetic sales and economic strength, that when in uncertain times when the market is in a bear phase women tend to buy cosmetic items and ditch expensive wear and luxury items like fur coats, dresses and purses. this was realized by Leonard Lauder because in times of recessions consumer spending drops but his cosmetic sales increased. 3. THE SUPERBOWL INDICATOR - this indicator forecasts the stock market performance based on who wins the super bowl (super bowl is the annual league championship game of the National Football League in America). when the NFC (National Football Conference) wins, the following year the market goes up and if the AFC (American Football Conference) wins, the following year there is going to be a decline in the market. 4. MOON PHASE INDICATOR - this indicator is a result of the belief that lunar cycles can impact markets and even traders/investors due to their gravitational implications on them. it is believed that a new moon represents prosperity and stocks and financial assets perform better during this time. please do comment on the weird, crazy technical indicators you have come across on your trading journey. put together by : Pako Phutietsile ( @currencynerd )
OANDA:XAUUSDEducation
by currencynerd
the science behind timeframes + correct timeframe sequencingtimeframes are the unit of time in which trading activity/session takes place. timeframes are an essential tool to traders/investors because there is a direct association between the right trading style and timeframe of choice for each individual trader depending on what works or does not for them. timeframes are often structured in forms of minutes, hours, days, weeks and months and in some cases seconds. there are 4 main trading style : scalping, day trading, swing/position trading, this might not be the topic of discussion but like i earlier mentioned there is a mutual correlation between trading style and timeframe. 1.SCALPERS(scalping ) - these type of traders capitalize of small market movements by buying/selling in large volumes, holding those positions for a short period on time. the ideal timeframes for scalpers is 1minute to 15minutes. 2.INTRA DAY - these traders have a short-term approach to the market, buying/selling financial assets not more than 24hours/within a full trading day. their ideal timeframes are 4 hours down to 15 minutes timeframes. 3.SWING/POSITION - these traders capitalize on long-term price movements and macro trends holding positions from a couple days to a few months. their ideal timeframe range from 4hours to monthly timeframe it also important to note that the timeframe a traders depends on how efficiently they work and other factors like, patience levels, discipline, risk management strategy and lifestyle. MULTIPLE TIMEFRAME ANALYSIS most traders use this science behind timeframes also called "top-down analysis" to gain a broad understanding when studying price charts. this involves using several different time periods at the same time to form a bias when analyzing charts. similar to taking a big complex task and cutting it into smaller simpler activities still without losing sight of the bigger task. large timeframe(complex) -> small timeframe(simple) = trade bias. to use multiple timeframe analysis you need 3 different timeframes with the next timeframe being 4/3 times smaller than the one before it. the first timeframe is the trend timeframe is used to identify the long term trend, the second timeframe is used to identify significant price levels, identify market structure, chart patterns and the last timeframe is the entry timeframe scalping sequence = 15MINUTE -> 5MINUTE -> 1MINUTE intraday sequence = 4HRS -> 1HRS -> 15MINUTE swing/position sequence = 4HRS -> DAILY -> WEEKLY + MONTHLY. i hope this information helps/improves your trading in a positive way. put together by Pako Phutietsile ( @currencynerd )
OANDA:XAUUSDEducation
by currencynerd
black gold under bearish pressure + OPEC, weak global demandthe oil markets find themselves in a bearish chokehold with a number of factors weighing down on it such as the OPEC ( Organization Of Petroleum Exporting Countries) are expected to meet later this month on the 26 November 2023, there is a strong sentiment that they are expected to continue to cut production and distribution due to weak global demand. technically i find that supply of proximal price @ 78.20 is in control of price and price is struggling to gain bullish momentum to keep trading above price of interest (support and resistance) @ 77.20 i have overall targets to liquidity areas @ 75.00 put together by Pako Phutietsile ( @currencynerd )
TVC:USOILShort
by currencynerd
will the cable trade higher when BoE increases rates .. 1.30000?gbpusd , great british pound / u.s. dollar (the cable) economic outlook : on May 11 2023 the BoE is meeting and it is expected that they will hike the interest rates and even though on May 3 the Fed are also expected to lift rates there is a interest rate differential as the Fed are also planning to pause raising interest rates which could signal the british pound outperforming the u.s dollar. more positive for the sterling as, the united kingdom government is said to have borrowed less that expected which means there will be a fiscal stimulus that could add more bullish momentum on the cable. technicals : price has been trading is consolidation phase with the psychological low of the sideways range @ 1.19000 and the high @ 1.24500. bullish momentum is in control of price as price is respecting and holding bullish trendline by trading above it and is trading above the high of the consolidation phase @ 1.24500. i have targets at weekly supply level of proximal price @ 1.27800 but overrall bullish targets @ 1.30000 supply and demand FX:GBPJPY put together by : Pako Phutietsile presented by : @currencynerd courtesy of : @TradingView
Long
by currencynerd
2
follow the little black man to new gold highsxauusd , gold spot / u.s. dollar 2023 ... will gold reach new highs ? the precious metal has been trading in a consolidation phase since second quarter of 2020, trading between 2 significant levels of average price of low @ 1687.000 and high @ 1933.000. market momentum changed from bullish to bearish @ $1933 making a -7.15% loss in price to current price, i anticipate that this bearish run to continue lower to liquidity pool ranging from @ 1779.400 to 1766.700 and find some support on trendline acting as dynamic s/r level . my overall bias for the year is bullish for the precious metal with the right catalyst and fuel (fundamental) and momentum price can reach new highs trading above current ath @ 2075.282 (as of OANDA price feed) it is still early days of the year and a lot can happen as there are plenty opportunities around, lets keep a close eye on the market and be ready for such opportunities! supply and demand never say never, because limits, like fears, are often just an illusion. put together by : Pako Phutietsile presented by : @currencynerd courtesy of : @TradingView
OANDA:XAUUSDLong
by currencynerd
5
+180pips up for grabseurusd euro / u.s dollar price found support @ 0.96000 price areas where it made the low of 2022 also having been in an overall downtrend for the year. since gaining some bullish momentum from the support, price made a +14% recovery to current price. price is currently failing to climb higher as it has found some resistance @ 1.00000 price areas, this resistance is of liquidity pool ranging from @ 1.09800 to @ 1.09600. price broke out of bullish parallel channel forming several OHLC candlesticks below it indicating a shift in current market momentum from bullish to bearish. i have a short bias on the major currency pair with targets at psychological level of interest @ 1.04600 SUPPLY AND DEMAND put together by : Pako Phutietsile, Tumelo Mokgosi as @alentrah presented by : @currencynerd courtesy of : @TradingView Believe in yourself! ...
Short
by currencynerd
1