I asked about the Blackhole cursor and apparently it's an Easter Egg they added for a short time. It's kinda fun, so check if you have it. I plotted FOMC minutes and it seems to be more of a pivot than I thought. I figured the speeches and rate decisions would've been cleaner, but these seem closer to the actual pivots. I guess we could break out of the bear...
CME_MINI:NQZ2022 - PR High: 10878.00 - PR Low: 10852.25 - NZ Spread: 57.75 Evening Stats (As of 12:05 AM) - Weekend Gap: -0.23% ( filled ) - 8/29 Weekend Gap: -0.18% (open > 13125) - 8/19 Session Gap: -0.04% (open > 13540) - Session Open ATR: 328.77 - Volume: 35K - Open Int: 277K - Trend Grade: Bear - From ATH: -35.1% (Rounded) Key Levels (Rounded - Think...
I've been doing a lot of number crunching, specifically around Fibonacci numbers and Harmonics. There is a possibility we get a Bullish crab at 16.3k with a retracement to 18,700-19,400. I will be Shorting this area after TP'ing Short at 16.3k. The next target to close FOMC pump Short would be between 15.5k-15k. Not sure which. But i'm certain it's one of these...
We are seeing plenty of volatility from the Australian dollar. AUD/USD is trading at 0.6883 in European trade, up 0.98% on the day. The Australian dollar has recovered most of its losses from Friday, when the pair slipped 1.28%. All eyes are on the RBA, which holds its monthly policy meeting on Tuesday. The meeting is live, as it's not clear if the Bank will...
The May 3, 2022 FOMC Meeting minutes was released 5/25/2022, which is another opportunity for Market Makers to swing price around violently and take out liquidity. We knew the obvious target would be the Buyside Liquidity at ES 3982.25. This level was the only major liquidity level in the nearby area. Also, after taking Buyside Liquidity price would continue going...
The Canadian dollar hasn't made any spectacular daily gains since May 13th, when it shot up 1.1%. The currency has, however, made slow but steady progress against its US cousin. Earlier today, USD/CAD touched a low of 1.2731, its lowest level in three weeks. Canada's retail sales for March helped the Canadian dollar rally on Thursday. The headline figure was...
The Australian dollar started the week with gains of close to one percent but has been mostly drifting since then. AUD/USD is trading quietly, just below the 0.71 line. It hasn't been a very good week on the Australian release front, raising concerns that the economy may be slowing down. Manufacturing and Services PMIs both slowed in May, while Construction Work...
FOMC – 16/03/22 This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re...
Hey tradomaniacs, welcome to a new free trading-setup. EUR/USD: Daytrade-Execution🔁 Notice: A trade I personally take! This is a FOMC-Based trade and involves very high risk! Technically a good one here but news can cause huge volatility! Please stay out of you don`t have a higher risk-aversion. Market-Sell-Order: 1,17700 Stop-Loss:...
we see a perfect 5 wave pattern that is completed. it started at the wave 2 rejection on the .50 level of the fib. level for has the support of the -0.27 extension level of the Fibonacci. we are at a zone where we can develop an ABC pattern to make a natural correction. with the FOMC on the mind, we are open for some wicks and more downside movement.
In today’s marketinsights I talk about how the latest trade war and API developments affected the prices on gold and oil. Watch as I identify certain #elliottwave patterns that can’t go unmissed ahead of today’s FOMC minutes and EIA’s WTI report! XAUUSD is still expected to turn lower after the completion of this subminute correction, whereas US Oil, could...
Possible long to 1.110x then wait and hold FOREXCOM:EURUSD
In the wake of the Great Financial Crisis, Federal Reserve Chairman Ben Bernanke introduced a number of unconventional policies, including Quantitative Easing, one of the most controversial programs in the history of central banking…but the more lasting and undeniably effective policy has been ushering in the era of “communication-as-a-policy-tool.” Over the past...
=> What is in play here? => To put it simply we are tracking two scenarios... the market is currently trading against strong resistance and we need to get above this area to avoid it becoming a very large triangle. => If we look at the recovery since August, we can see that this move has been impulsive and increases the odds for the break to the topside. => The...
Hi Guys, at its meeting of the 1st of August (X) the FED did not increase interest rates but its accompanying statements in the following 16 days became more and more hawkish and value dropped to 1160 (A). Price bounced and, following the release of the FED Minutes, it formed a ZigZag to test resistence (B). What happened next is a combined horizontal pattern...
My idea to trade the FOMC today is as follows.. It's based on a system I was taught a long time a go by my mentor. I use it for NFP, and it works perfectly. It's called the Davinci system.. The trendlines you see are based on a rolling 20 bar high/low, and the false break reversal. Basically, when price breaks a trendline, and comes back to it and goes 10 pips...
I believe so usdjpy has created couple lower lower structure and afew other reasons.