My answer is definitely a Yes! But why many say no. It is because they are looking at Gold from a very microscopic view; into its day-to-day to week-to-week movement. But if we analyse Gold from a macro perspective, we will able to appreciate Gold better, that it is still an inflationary hedge asset.
And from today’s case study, we will also learn why it is time...
Hello traders,
All the below are based on my preferences, I don't give any financial recommendations and I have nothing to sell you with this article.
I'm sharing content because I see a lot of traders being/becoming broke and I don't want you to be one of them.
Here's how to stop overtrading and get rid of your trading addiction:🧵
I - Define a set of rules...
First of all,
Wait for confirmed breakout on the asset.
As long as the value area low on a local support zone holds, we are only thinking in long direction.
Risk reward here is 3:1 which is a little bit riskier than usual. but the potential of this trade is increasing every time it breaks levels and gets away from value area low.
For a potential swing failure...
Oil Brent continues to trade at a premium of more than $8 per barrel to WTI oil , with the price difference between the two oil benchmarks increasing significantly and well above its historical average this year.
One of the primary drivers of the widening Brent/WTI price spread has been a significant increase in the availability of North American crude, which...
Hey everyone! 👋
Last year, we asked the community to share some of the best trading advice they’ve ever heard, and we got a ton of great (and hilarious) responses .
This week, with a slow and choppy market across almost all asset classes and the full benefit of hindsight over the last year, we thought it would be fun to revisit this question now that most...
All traders are different but I personally find it difficult to use standalone channels to consistently initiate profitable trades against. Not the least of the problem is that the channel continues to either rise or fall, making a secure place to hide a stop above/below more difficult.
But I find them particularly useful in three aspects. The first, and by far...
In August last year, I published an educational post around Fibonacci. There's also thousands of articles and books available on the topic. But how does it fit with being emotional?
Often people talk about Algos, smart money concepts and a load of other terms. All trying to make sense of the market, Fibonacci isn't magical or mystical. It's a set of simple...
Quotes, man. I love them.
Excerpts, proverbs, quips, riddles, koans, aphorisms, limericks, snippets, and lyrics— I’m not the type to discriminate. I love them all.
Since In Latest TradingView Post About "Traders Gaining Momentum : Fall Edition" to Compile Great Authors To Read And I Will Try To Compile Great Quotes From Philosopher For Traders And...
First off, I'll always look at horizontal levels over trendlines. Trendlines can be subjective, have a high failure rate when used in real-time trading tactics, and easily adjusted based on markets morphing over time. Another issue is the overhead supply not being visible using trendlines, a big reason why steep trendlines are prone to failures/false breakouts...
Primary Chart: NVDA's Primary Trend Since Its All-Time High November 22, 2021, with Anchored VWAPs
SUMMARY:
NVDA appears to have begun a countertrend rally within the context of a sharp downtrend.
Other countertrend rallies have ranged from 28.9% to 40.17%. Don't be fooled by a show of strength that does not change the overall structure. Countertrend trading...
Welcome to the coffee shop everybody. This is your host and baristo Eric, and in today's video I am giving you a video Lesson based off of my preferences on how you should look for and use RSI Divergences.
THe Oscillator used in this video is The Heiken Ashi Algo Oscillator
Get it free here and always BOOOOOOOOOOST IT!!
There are three problems that people...
Nothing fancy to see here. Just finding the flow in NY and executing the trade without hesitation. It is tempting to trade all day, but I've found out that just trading NY will give me all the pips I need for the day with a lot less frustration. As you can see, the trade went a lot further than my 30 pip target and I am okay with that. Too many times I've let...
This chart illustrates the ratio between equities markets by using SP:SPX and fixed-income markets by using TVC:US10Y .
With the beginning of 2020, the equities markets lost the uptrend against the fixed-income markets. There can be period(s) of upward corrections but this trend change raises the question of a long term cyclical change. This means that the...
Hello traders,
All the below are based on my preferences, I don't give any financial recommendations and I have nothing to sell you with this article.
I'm sharing content because I see a lot of traders being/becoming broke and I don't want you to be one of them.
Scaling-in
There are times when I will scale into a position.
When the price dips into the my...
The above chart is all of the price action in Solana.
I want to draw your attention to the triangle pattern of July 2021. The e wave of the triangle completed in the area of $22-$23. We also have fib support in that area within our shorter term ED pattern we're tracking now ($22.4950) . Not to mention the positive divergence on MACD. Price has been making new...
We have a convergence of levels around the 4.19/4.20 zone of the chart, it is a long term double Fibonacci retracement and represents significant lows seen in 1998 and 2001.
Will be quite interested to see if the market pauses here in order to consolidate sharp gains that have been pretty relentless since August.
Disclaimer:
The information posted on Trading...
If you don't want to watch the video, here is the trends going into 10/19/2022;
Last Macro Trend Signal Spots
30m - 3709 Downtrend (10/18/2022) Higher Low
1Hr - 3681 Uptrend (10/17/2022) Higher High
2Hr - 3700 Uptrend (10/17/2022) Higher High
3Hr - 3682 Uptrend (10/13/2022) Lower High
4Hr - 3680 Uptrend (10/13/2022) Lower High
6Hr - 3759 Uptrend (10/17/2022)...
One of the more watched interest rate settings in markets is the so-called ‘terminal’ interest rate – the point in the interest rate futures curve that reflects the highest point of future rate expectations – said differently, where the market feels a central bank could take its key policy rate by a specific date.
For those who really want to understand fed funds...
