Forexistential

20:00

Forexistential

Hello traders, topics covered today: - USDMXN starting to make the right noises picking up from a major low, after retracing nearly all of the pandemic upswing; - MXN futures volume showing strong selling today, with volume consistent and confirming the inverse move over in USDMXN spot; - WTI Crude Oil futures, one of the Mexican Peso's drivers, is stuck in a...

10:16

Forexistential

Hello traders, thanks for watching/liking/commenting! Today I am looking at my BTC/USD short (entered on Tuesday and in the money) and also giving an updated on my EUR/TRY long (in the money) and USD/MXN (in drawdown but improving). Key video points: - discuss my profit targets on the three trades; - discuss the CC (correlation coefficient) between Bitcoin and...

15:00

Forexistential

Hello traders! I hope you are doing okay in these stressful times. I have been monitoring my USD/MXN long (now in drawdown) and checking again that I have my facts right: is it a good idea? The timing of it maybe stinks (got in too early?) but the general idea seems sound. Today I look at: - US Oil and MXN correlation in the last ten years, and where in the...

08:56

Forexistential

Hello traders! I bought a bit of Bitcoin recently on its way up, but I stopped short of getting back in as my own analysis, regardless of what predictions say (i.e. GOING UP TO 20000!), tells me that this crypto pair has almost retraced 100% of its decline from the start of data on the chart (2017): the pair has gone parabolic and is about 80% above the 100-day...

15:35

Forexistential

Hello traders, as I mentioned in my previous video, one of my current buys is USD/MXN (on my demo account). In my video I look at: RSI, daily to monthly; parallel channel over several years; Fibonacci retracements; long-term resistance-turned-support (that the pair is currently testing); Volume-to-price relationship in the last few days of price action in the...

14:38

Forexistential

Hello traders. I have been in a bit of a pickle this month: between elections in the US and a stalling EUR/USD, my demo took a bit of a hit (more than I care to tell) and one big mistake was to go long SP500 on the NYSE open the very day that a Covid19 vaccine was announced... There was optimism on Wall Street and I was looking for some direction in anything that...

08:53

Forexistential

Hello traders! First of all a huge THANK YOU for following me and posting comments! I look forward to more questions/comments. Short-term EUR/USD rising from earlier today seems to have stalled just above 1.17, leading to asking the following question: why? In this video, I look at: - spot fx, medium-long term analysis; - futures fx, volume analysis; - past...

19:00

Forexistential

Hello traders, the readings on RSI and ATR, as well as the angle of the current hyperbolic move, make for difficult incentives for holding a long trade on EUR/TRY: therefore, I closed my trade about 50% through the profit target and made a healthy catch (over 26k). In this video the key points discussed are: - ATR divergence/waning (multi-timeframe...

08:01

Forexistential

EUR/USD is just keeping within the upper boundary of a 12-year downtrend channel and volume in FX futures is inconclusive, though it seems that there is plenty of ammunition for sellers to keep it there. In this video I explain why I am neutral, and also show how trading EUR/TRY makes sense as the two pairs have very little correlation. Take care! Francesco

05:11

Forexistential

In this video I am looking at the relationship between EUR/TRY and the i-shares MSCI Turkey ETF, which allows us to look at volume data as a proxy for momentum in EUR/TRY, specifically addressing the following question: - is the MSCI Turkey ETF selling overdone? - what does the daily and weekly ETF's RSI tell us? - with the index reaching the 2018 lows, is there...

Forexistential

In this video I am looking at various aspects of trading the Lira, namely its technical underpinnings and using a relative strength assessment to check its possible trend momentum. I look at the Turkey MSCI ishares ETF for correlation and volume as a proxy for what may happen to Lira pairs. Enjoy! Francesco

04:41

Forexistential

EUR/TRY is one of the few FX pairs that can truly rival stock-market trending: this (and its parent pair, USD/TRY) has been uptrending almost incessantly for over a decade, something that is quite rare in the fx world - other examples are true outliers such as USD/IRR and USD/ARS, but these are not accessible through your ordinary broker. What I learnt from...