The Federal Reserve Chairman Powell reinvoked the power of the interest rate hikes to continue the battle in bringing inflation down. This news push the USD near the 106 lvl and hit the NZD/USD, pulling price below the 0.61 lvl. This was a hit to my position, but I ok with the floating loss currently. In order to reduce my risk, I added a stop at 0.60 because my...
Oil has been in a range towards the end of last year and price is fighting against pushing below the 75 lvl and staying below it. It makes sense as the news is mixed because there are positive and negative news for Oil. Check out the following:
Positives for Oil:
-China economy recovering and demand increasing
-Russia plans to cut Oil exports by 25% and cut...
The FED is increasing rates higher and higher and it is looking like they will increase rates past 5%. The next increase comes in March and it will either be 25 basis points or 50. A 50 basis point increase will definitely push Silver below the 20 level. Inflation is still high across all major countries and it is a battle between Central Banks fighting...
Did y'all see that yesterday. The EUR/HUF has a massive move lower for over 570 pips and I was able to catch that. I exited out of my position because I have been in the pair for a while now and think it is going to push higher. It is pushing higher now, so for now I am correct. But I think there might be a larger push higher. If this pair can hit 380 or...
I've been in MLFB for a while, since around 2018/2019. MLFB attempted to establish a season in 2020/2021, but due to COVID, they were unable too. Here comes 2022, and things were looking good. They were bringing on players, coaches, bought equipment, named teams, hand a place for a camp, and had some coverage. Things again were looking good. Around June/July,...
The EUR/HUF is meeting all of my expectations on the Technicals, Fundamentals, and Sentiment. On the technicals, price is showing a head and shoulders patterns and price looks like it might be able to complete the head portion this year. The reason being is, on the fundamental side, the ECB is struggling to fight inflation, the National Hungarian Bank sticking...
This is my plan for the next few Quarters. My main focus is on the EUR/USD. If price is able to hit the 1.05 level, I will need to decide if I want to place a stop at 1.06 and ride price lower, or exit at 1.05 and move my focus over to the GBP/CAD and EUR/HUF. I might place a tighter stop and see if price is able to maintain the momentum lower on the EUR/USD. ...
I noticed I’m still in AUDNZD, which is in good profit. Price made a new high, and my first action was to move the trade to break even. At the same time, I noticed I lost a trade on NZDCHF which I set a pending order for this morning.
What I did next was a reaction to the loss. I immediately sought a trade on a currency pair that was not on my list.
Once I did...
Some structure and context for potential intraday longs through next week.
- Multi time frame large candle origin points
- Linear regression channel (anchored to highs and lows I'm interested in)
- High and low of valid range
- Squeeze bar color and mean reversion channel from a personal script
- Volume profile for refined targets, and likely zones of...
I opened a Long just few minutes ago. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍
And that's the main reasons I decided to take a long on SOL :
► Bounce from the 0.618 fib level
► Retrace from the support line (yellow)
► Confirmation on the breakout (yellos)
► Momentum is shifting up
► High risk reward...
The bulls are getting Week & I can't see much strength in the bulls. Bulls have to show strength otherwise we may test 30k Zoon or can go Even Below.
Fear & Greed Index is also dropped below 20. At this stage, I can see extreme supply is hitting on the bids side & bulls are getting weaker and weaker.
It's just a medium-term overview of the market. I will not enter...
After the FOMC news at 1am today, we witnessed a strong increase in gold. This scenario was also contemplated in my previous plan. And because the price structure has changed after the strong news, I will make some new comments for the next gold plan:
- About the basic information: the FOMC meeting last night marked the first time in the history of the Fed that...
Gj analysis done for tomorrow's trading day (20th october).
NOTE: This analysis is done daily - pre-asian session.
for the next trading day (LONDON-NY Session)
Also, keep in mind that tommorow 7am UK Time we have GBP CPI news
so stay cautious and aware of the news.
DXY
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - MONTHLY
Timeframe - 6 Months
You will see a very strong USD move to the north which will drive down commodity levels, Metals and the crypto market. This may last for 6 months so hold on!!
Plenty of opportunities in the second half of this year!...
