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BITCOIN: one last sell-off back to 6000$?All traders are drawing the descending or on some even ascending triangles on BTC in the yearly or 6 months chart. All traders are hoping it won't break the bottom line support. Well since when did BTC behave like we expected it to. (Well yes I was on some charts not bad) but the point here is, we have bigger players in the game that look at the exact same charts as we do. And the goal for them is to gain as much control over the market as possible, thus buying as much as they can for the lowest possible price. People expect it to bounce off the support line at approx 7000$. I say, we will leave the current regression trend channel and go below that fat green line.. and then people start to panic and sell what they can, stop loss triggers gonna be hit, a mass-sell off was just initiated. BUT! I don't think they will let it go below the worldwide Mining support line at 6k. My guess is 6500$ - 6100$ as worst case. Then we spike up fast like in February the 6th. Remember? Big spike with biggest volume ever. Same scenario will be this time. I say last sell-off, not for fun. We have major banks preparing trading desks. Major VC preparing Funds and investment plans in Crypto. We have positive statements from SEC, IWF and other big names. They (whales, cartel) can't hold it down much longer. THIS LAST SELL-OFF WILL INITIATE THE NEXT BIG BULL RUN! (as always, I observe OB, RSI, 200 MA, news Groups, Well known traders, P&D Groups.. and this is my conclusion) Tether up now, sell your positions, buy more when we go below 7k OR hodl through it like a crypto veteran and just hope for a sick come back!
BITFINEX:BTCUSDShort
by MarkiMark_1559
Bonds are going to get slappedIt's pretty late, I'm just catching up on some work I didn't do. TLT correspond generally to the price and yield performance of the long-term sector of the U.S. Treasury market as defined by the Barclays Capital 20+ Year Treasury Index. Fridays had a mid-day 'rip your face off' bounce from the lows in the overall market. I wasn't able to catch it by the time I got near my platform. Next session it will go down is my stance. I'am expecting $177.10s to at least be pierced. Could go much lower during the initial balance.
NASDAQ:TLTShort
by Pippylongstockings
S&P 500: The showdown of the US government shutdown The Senate majority leader Mitch McConnell is making contingency plans for the growing possibility of a government shutdown ( www.fxstreet.com ). The RSI momentum indicator is starting to show a bearish divergence, after the "S&P 500" had reached my previous long target at 2800 points. Due to the uncertainty regarding the outcome of a government shutdown are signs of weakness visible at the R3 price resistance. To hedge open long-positions I recommend to place a small sized short around here. Short entry: 2798 Stop loss: 2808 1. Target 2768 2. Target: 2708 Risk to SL at 2675: 10 points Reward (1. Target): 30 points Reward (2. Target): 90 points
SP:SPXShort
by ChartArt
BLOW OFF PHASE? speculative bubble scheme.We all believe in cryptocurrencies and the technologies behind. But only a blind couldn't see that's it is a speculative bubble. The scheme is typical, very clear and acurate. Although we knew several strong corrections in the past, this one could be different. Indeed, the past corrections were BEFORE mass public investment. It means that the market could be governed by fear. Those we call weak hands maybe have the power to change things at their expense. Of course there is also whales, which manipulate the market and finally take their benefits. It's also interesting to compare this bubble against others. I.e the URANIUM BUBBLE of 2007. Institutionial futures contracts are often the final point of a bubble. Daily charts and weekly charts indicators are pointing down. Which possibility are you going to chose? -Buy more BTC and hope that it's just a "normal correction"? -Hodl and your patience will probably pay? -Sell and re-buy cheaper? It's up to you. Don't hesitate to comment your opinion, it would interest me A LOT!
BITSTAMP:BTCUSD
by BrieucdeLooz-Corswarem
18
UKOIL: Brent testing support off the old highs. Strong stillBrent Crude Oil UKOIL Brent recently broke the long term parallels that had carried it faithfully within its force ever since the lows at 44. Now it's almost exactly 50% higher, with a new high set at 65.70. We were short on the break below the parallel and then closed out around 61.15 for around 90 pips profit. Good thing we did. Bad thing we didn't go massively long again there with stops just below for a tiny loss if wrong at that point. Easy to say now, and we would have in 'normal' circumstances, but that big broken parallel above was stopping it from even being contemplated. What a shame. A parallel that had been so faithful for so long now let us down with a poor technical signal (in hindsight only, unfortunately) for the first time since inception from the lows. Sometimes even your best girl/boyfriend can let you down. The resulting 450 pip rally has blown every bear clean out of the water, creating a massive impulse wave which is contained within the parallels shown on the chart. It is now probing the intersection of the lower parallel with fixed support at 64.25, the old highs - it's a buy here with stops below 64.15 for small loss if wrong. It's a sell again when the upper parallel is tested . Brent remains strong whilst travelling within the impulse wave and only turns near term negative again for test of 63.03 if the lower smaller parallel is lost at any point from here. Until we see that happen, look to buy dips to this smaller parallel with stops below it by 15-20 pips
FX:UKOILLong
by sumastardon
Bitcoin: BTCUSD Update Key Levels inside the parallels now Bitcoin BTCUSD Badly Drawn Boy Wow. Broken the upper parallel and now consolidating around where we sold. It looks like a buy from 8530 but must hold here or it's likely to fall away more, potentially back to 8410 at lowest so stops on longs from here need to be quite tight underneath. Bit slow to see the new fantastic parallels emerging...should have used that and not the other dying parallels from the last couple of days as exit.My slowness, looking at other stuff - But have left the old parallels on which may look confusing but it's interesting so see these old resistance lines now seem to act as support, containing the consolidation inclose up...draw these lines on your chart! They live...so no bying under that big new powerful parallel now in control of the upside, and careful with day trading...you can seewhat it's doing...dancing between the parallels...so wild. Use this...fine lines..fishing...for now. It should build a little flag as it does it...two strikes on the lower line will show hot. Otherwise not so much near term And the Alts V Bitcoin will get some respite now so they are a buy...You got this now. yes?
BITSTAMP:BTCUSD
by sumastardon
19
USDJPY SHORT TARGET 110.00Look, its hard to recommend shorting something which you are long-term bullish. But given the current geopolitical situation happening around (I'm talking about the ousting of royals in Saudi Arabia over the weekend) and Kuroda's affirmation that there will not be any stimulus coming, we can expect the pair to move down lower. Do also note that the pair is also a proxy for safe-haven assets, the markets may be looking at protecting their portfolio against any selloff. The reason I'm saying this is because the equities market are probably overpriced and due for a correction. I am personally short in a couple of cyclical stocks, while long in safe haven assets. Going onto technicals, we can see that the pair has hit a downtrend line. It has also been moving up sideways since October, signalling a weakened rally. We are also able to locate significant resistance 114.30-50, based on price action in May and July 2017. With this, I am able to justify a short on the pair, with a final target at around 110.20. I would take some profit as the pair moves down, but expect myself to be out by 110.20. Cheers guys, happy trading. Follow me on www.houtiantan.com I trade with bit.ly/AxiFXSG
Short
by HouTianTan
AUDJPY ShortSold this pair earlier with TP at S3 pivot line and SL a few pips above S1 (which is also near it's daily high) to ride the recent risk-off related to increasing geopolitical risks and also weaker than expected Chinese inflation report. www.dailyfx.com www.dailyfx.com www.dailyfx.com Daily: Weekly: Confidence: A (there's still risk that this pair will rebound soon especially Thursday's near the end of the week already, but I think this position will hold in the long-run considering the chart patterns in the daily and weekly charts)
Short
by aiza_belle
Transitioning to Risk-OFF Inflationary EnvironmentWe are about to transition from a risk-ON inflationary environment to a risk-OFF inflationary environment. That means bond yields might fall even though inflation is rising. The US has been a huge beneficiary of the risk-ON move and as a result should see outflows. That means lower equities, and a weaker dollar. Given a falling dollar, rising inflation, and risk-OFF environment, it doesn't seem unreasonable to think that GOLD could do quite well. US treasury bonds should outperform HYG and EMB. Oil is the wild card. Higher or even flat oil prices will be much higher than they were last year. The YoY inflation effects if OPEC can stabilize the oil market above $50 for the next two months would really feed into inflation. Higher inflation would hurt the US consumer and business margins applying further downward pressure on risk assets. But I am getting ahead of myself. The risk-ON rally is likely over, and it's time to expect a risk-OFF rising inflation environment.
TVC:SPXShort
by KlendathuCap
LONG USDJPY - FED & BOJ MONPOL, RISK SENTIMENT & ELECTIONLONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in 2015 and now. That said in the past few wks usdjpy has traded relatively mutely compared to the market thus imo has more alpha than other crosses and as another few 100pips before we can consider usdjpy stretched. 2) the usdjpy has a Dec hike to look forward to. Whilst i expect USDJPY to be faded as we saw following the last hike, i think these next 2 months we will trade to 109/11 as rate hike hopes push the pair into firmer resistance. 3) USD election risk is likely going to fade with the neutral choice of Hilary winning. Thus any Trump uncertainty weighing on the USD will be washed out which could be worth 50pips at least. JPY risks are to the soft side 1) BOJ monpol risks remain skewed somewhat to the dovish side since whilst inflation continues to trade firmly and consistently below 0 the BOJ are DEFINITELY unable to raise rates and are unlikely to consider tapering (the ECB has firm 0.4% inflation and even they may not consider a taper). Thus the risks are certainly to adding to easing, with the most hawkish outcome being neutrality. 2) JPY like the rest of the safe havens remain bid up some 20% in 2016 alone thus a correction lower some 5% isnt extreme and infact is fairly justified (thus a 111 target is arguably on the cards). This is especially true assuming the next big risk event (election) passes with the most neutral and odds on favourite candidate winning (hilary). Thus any risk premium priced into yen for this purpose will be faded and encourage the 5% correction i mention above. 3. JPY volatility remains at the lows of the yearly range thus a topside correction encouraged into election and FOMC events will possibly see yen trade with a softer bias. Risks to the view: 1. If Trump pulls off the tail end probability then USDJPY long imo will be invalid given i expect the USD to trade softer and yen to rally. I would expect USDJPY to trade to 100 in the event of Trump winning.
Long
by QuantumLogicTrading
2
LONG USDJPY - FED & BOJ MONPOL, RISK SENTIMENT & ELECTIONLONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in 2015 and now. That said in the past few wks usdjpy has traded relatively mutely compared to the market thus imo has more alpha than other crosses and as another few 100pips before we can consider usdjpy stretched. 2) the usdjpy has a Dec hike to look forward to. Whilst i expect USDJPY to be faded as we saw following the last hike, i think these next 2 months we will trade to 109/11 as rate hike hopes push the pair into firmer resistance. 3) USD election risk is likely going to fade with the neutral choice of Hilary winning. Thus any Trump uncertainty weighing on the USD will be washed out which could be worth 50pips at least. JPY risks are to the soft side 1) BOJ monpol risks remain skewed somewhat to the dovish side since whilst inflation continues to trade firmly and consistently below 0 the BOJ are DEFINITELY unable to raise rates and are unlikely to consider tapering (the ECB has firm 0.4% inflation and even they may not consider a taper). Thus the risks are certainly to adding to easing, with the most hawkish outcome being neutrality. 2) JPY like the rest of the safe havens remain bid up some 20% in 2016 alone thus a correction lower some 5% isnt extreme and infact is fairly justified (thus a 111 target is arguably on the cards). This is especially true assuming the next big risk event (election) passes with the most neutral and odds on favourite candidate winning (hilary). Thus any risk premium priced into yen for this purpose will be faded and encourage the 5% correction i mention above. 3. JPY volatility remains at the lows of the yearly range thus a topside correction encouraged into election and FOMC events will possibly see yen trade with a softer bias. Risks to the view: 1. If Trump pulls off the tail end probability then USDJPY long imo will be invalid given i expect the USD to trade softer and yen to rally. I would expect USDJPY to trade to 100 in the event of Trump winning.
Long
by QuantumLogicTrading
1
LONG GOLD - STRAT TRADE: 99.7% PROBABILITY OF REVERSALLong XAUUSD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) XAUUSD has a cumulative probability of a =>7th day lower at 0.3%, hence there is a implied 99.7% chance of reversal on the daily. 2. Technically there is also some nice structure about the 1250 level. 3. Fundamentally I think risk is priced very cheaply here, although risk-off assets on the year are still heavily bid up some 20% even at these levels thus a pull back may be justified - nonetheless for this particular strat trade this is less relevant given the tactical nature Trading Strategy: 1. Sell XAUUSD at market in 1xlot, and add 2x on each daily close higher from here. Start in VERY small lots to reduce risk and ensure you can add on adverse moves lower (it could be several days). TP is the next/ First daily close higher. Any questions please ask - also see performance attached of recent trades using the same stats
FX:XAUUSDLong
by QuantumLogicTrading
4
LONG GOLD - STRAT TRADE: 99.7% PROBABILITY OF REVERSALLong XAUUSD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) XAUUSD has a cumulative probability of a =>7th day lower at 0.3%, hence there is a implied 99.7% chance of reversal on the daily. 2. Technically there is also some nice structure about the 1250 level. 3. Fundamentally I think risk is priced very cheaply here, although risk-off assets on the year are still heavily bid up some 20% even at these levels thus a pull back may be justified - nonetheless for this particular strat trade this is less relevant given the tactical nature Trading Strategy: 1. Sell XAUUSD at market in 1xlot, and add 2x on each daily close higher from here. Start in VERY small lots to reduce risk and ensure you can add on adverse moves lower (it could be several days). TP is the next/ First daily close higher. Any questions please ask - also see performance attached of recent trades using the same stats
FX:XAUUSDLong
by QuantumLogicTrading
5
LONG GOLD XAUUSD: RISK-OFF ASSETS TRADING CHEAP ON US STOCK DIPGold Positioning - Buy @ Market; 1350TP1 1370TP2 - 1 lot (small) and add double every daily close lower - 1lot, 2lots tomorrow, 4lots the next day: 1. Risk sentiment looks to be turning south, particularly in US equities which have seen monthly lows which is consistent with the broad equity valuation correction lower that i have been expecting for the past few weeks. - However the highly correlated safe haven assets look to be showing some divergence/ value by also trading lower. Given im a risk-sentiment bear, I back this view with short SPX and long Gold/ YEN. 2. Also Fed unlikely to hike means USD demand is likely to be parred which puts less pressure on gold, but either way, a hike increases risk-off and will drive gold/ haven demand so it is a win win situation. 3. Statistically gold is also a long after trading lower 5 days in a row which for the past 16yrs of data is a 1/100 chance of having a bullish day for the next day (today). Also on the weekly we are 1.3 deviations lower, with the monthly and quaterly at 0.9sd and 0.7sd lower. 4. Risk here looks to be to the 1300 pivot with topside at 1350, 1370 and 1400 - i personally feel we can see gold bid to 1370 on a SPX to 2000 backdrop, a fed hike would have my bets moving SPX well through 2000.
FX:XAUUSDLong
by QuantumLogicTrading
3
SELL GBPJPY: RISK-OFF SHIFT COMING? LOWER BOE MONPOL EQUILIBRIUMGBPJPY: 1. Given Fed Yellen's "hawkish" market response and GBPUSD, GBPNZD and GBPAUD shorts TPd on the rally lower today cleared (FX risk book clear too), im looking to add some safe haven assets to my portfolio. 2. Looking at GBPJPY and GBP structures on the whole, there has been alot of sterling longs in the past 2wks accumulating in spot as economic confidence falsely increases (imo, given intelligent money understands near-term UK risks are to the upside). - GJ rising some 7 of the last 9 days, and now 400pips above the aug 16th lows of 129 at 133.3 I think there is at least that 400pips in downside available from here as the new equilibrium for several reasons: 1) Fed Yellen being hawkish looks like it may be the catalyst for the september US Equity sell-off, in which case, highly negatively correlated assets (e.g. safe havens yen, gold UST) are likely to pick the bids up, thus driving GBPJPY lower i.e. A tightening of financial conditions in the US will put pressure on US equities and also US election risk will transfer into Yen demand - also Brexit/ A50 risk is a medium term yen topside catalyst which makes sense owning through GBPJPY downside. 2) GBP shorts at these levels, given the monpol introduced by BOE, look like the smart move as the market is significantly higher than the monpol lows (which should be the new equilibrium). 3) Further BOJ action is made more unlikely by a hawkish Fed - hawkish fed looks to have provided $yen some topside support in the immediate term if nothing else, this eases pressure on the BOJ to ease - though a counter to this is the recent BOJ Inflation CPI traded some 30bps lower at 0.5% - the biggest drop since its inception (and the lowest level ever) this could be a push to more easing. However, the July Meeting misfire when expectations were perhaps at their highest and the current JGB drying liquidity situation somewhat capping the extent of further easing, I cant see the BOJ doing anything more than jawboning, as they have consistently continued to do (and about the only thing they have). Also for extra confidence, even if the BOJ was to ease - look at the past 2 times (Jan April), both policy measures provided 0 equilibrium relief to yen downside and infact fueled some 500pip+ topside to yen, so yen bulls imo can feel conforted that further easing is likely to have little impact, even more so as their ability to do more is ever reduced. 4) Technically, as mentioned weve been on a 2wk bull run so i feel GBP topside is due a rebalancing lower, and also the downside targets are not uncharted territory having traded at the 129 level on 2 previous occasions so the profit target isnt unreasonable. 5) I hear RM long-term short positioning, is picking up at these levels where sterling looks arguably overbrought. Trading Strategy - SHORT GBPJPY @133.3, add at 134 135 and 136 - TP 130.5 and 129 1. Short GBPJPY - Small at market price 133, and add ever 100pips higher if bulls continue up to 136 - the macro resistance levels on the daily are the 134 and 136 level. - Short small here at 133.3 and ADD as we move higher as short sterling given brexit/ monpol future and long yen given the risk-on bull run which is bound to run out given hiking and election risk intensifying imo is an all but guaranteed trade. Any questions on the trading strategy PLEASE ask!!
Short
by QuantumLogicTrading
4