Anyone who has followed me for a while has already seen some iteration of this chart, but I bring it up again today because it has proven to be one of the most reliable charts to date.
It is essential to understand when we are looking at charts, sometimes it is not about the actual chart itself but rather what the data means and the implications.
We are in...
Any professional trader should monitor his daily routine.
Traders make a schedule, follow it and remove from life what is unproductive.
Beginners don't spend enough time making plans.
A typical trading day for beginners can consist of constant monitoring of price movement, even during lunch.
Today we will talk about how to make your trading day calm and...
Ahead of the May Consumer Price Index (CPI) report out of the US, the world’s oldest inflation hedge is consolidating in a tight range above rising trend line support.
Traders and economists are expecting inflation to come in at 8.3% y/y (+0.7% m/m), in-line with last month’s reading, and with a highly-anticipated FOMC meeting set for next Wednesday, gold in...
MU has a strong support / resistance line at the $65 mark. On the weekly chart we can see an RSI divergence. The daily chart shows it has a strong possibility of rebounding off support once again.
Traders should watch the ticker at the current price levels and channels. If it pops out of the current channel on the daily chart, traders should take an aggressive...
COMEX:GC1!
While the US-China trade friction started in 2018, I quickly observed a pattern similar to chess moves by two Grandmasters. President Donald Trump first initiated tariff on Chinese goods exporting to the U.S. Then, President Xi of China responded by taxing imported goods originated from the U.S. Infuriated, Trump raised the stake by higher tariff rates...
Interest Rate Futures are the market leaders this year. Our technical indicators have less of an impact when the Bond & Treasury Markets are on the move and as Traders we have to be aware of when that is and how it impacts the price action in the E-mini S&P 500, E-mini Nasdaq 100 and Russell 2000 Futures. In this video I go over a simple, but effective way I use...
Many things are currently driving the bullish Ag markets. Oil/energy are heavily weighted in providing this bullish enthusiasm. The supply and demand for Corn and beans will be directly and indirectly impacted by Oil/energy markets. Energy Markets have the potential to react hard and fast on diminishing economic data. A strong economy should keep Oil and Ag...
Negative Divergences Often Warn of Impending Declines: Bitcoin Highlighted…. Is Gold Next?
OTC:GBTC
COMEX:GC1!
INDEX:BTCUSD
The CMT Association is proud to publish this guest post from Louise Yamada CMT. Louise was a Managing Director and Head of Technical Research for Smith Barney (Citigroup), and while there, was a perennial leader in the Institutional...
Understanding how to trade forex requires detailed knowledge about economies, political situations, all the individual countries, global macroeconomics, the impact of volatility, it goes on and on. But the reality of the situation is this isn't what makes most new traders fail. What makes most traders fail isn't the lack of knowledge or understanding of what it is...
Things seem to be going well down under. With Iron Ore prices jumping close to 8% last week, Australia, the largest exporter of the raw material stands to benefit greatly. In 2021, Iron Ore exports totaled close to US$120 billion. This contributes greatly to the demand side pressure on the Australian dollar.
Looking at the charts, the AUDUSD pair is currently...
Hey everyone! 👋
What makes a good trader?
The eternal question.
Is it character? Intelligence? EQ? Dumb luck? Something nobody's yet mentioned?
Newbies and pros alike have long argued about this topic, and today, we want to hear from the TradingView community.
Using just one word, in the comments below, tell us your opinion. What separates a good trader...
The greenback has had a rough couple of weeks against its northern rival, with USD/CAD shedding nearly 500 pips since peaking above 1.30 in mid-May.
Amidst oil prices (strongly correlated with the loonie) surging and hints of a potential second half “pause” to the Fed’s rate hiking cycle, it’s not surprising that traders have been shifting their marginal dollars...
Discussion:
1. 2 rules to draw an uptrend line
2. Primary uptrend line
3. Secondary uptrend line
4. Time for buy Gold?
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and...
We want to assist our subscribers and visitors with our analysis during this difficult time.
At Mendenmein Capital we use a combination of the Elliot wave theory and Fibonacci levels to predict major turning points. We also use various historical indicators, as shown below, that proved to be very successful in the past. We recommend to read this article...
We're in a phase of the markets where the E-mini S&P 500, E-mini Nasdaq 100 & E-mini Russell 2000 Futures are all moving together without divergences. This is a good look for Index traders because when the Indexes are working together we get cleaner moves. In this video I go over the key technical areas I am seeing in these Indexes and how I now have a line in...
Welcome back! Here's an analysis of this pair!
**ERUCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
We can focus on the bullish moves in crypto and crude, but we’ve seen further love for the EUR, with German and Spanish CPI hotter than forecast.
We look ahead to the session ahead for EU CPI estimates (7pm AEST), but the market is now LIKELY positioned for an upside surprise of the 7.8% consensus. We’ve seen EU tradeable interest rate market respond to the...
Note that this is not a trade recommendation but simply illustration of a particular approach. There are multiple reasons that I wouldn't execute this particular idea at this time, but those considerations are for another post.
Those of you who have followed my work for the last few months know that I prefer simple. The triple screen chart perspective is...
