USDCAD Chart - Live Forex Rate

Forex Trading Strategies Reddit: What you need to know to start Forex trading.

Forex Trading Strategies Reddit: What you need to know to start Forex trading.

FOREX Strategies

What are FOREX Strategies?
https://preview.redd.it/ihmphstzguv51.jpg?width=960&format=pjpg&auto=webp&s=81f6b73c367d8695605514f8d32aaf3e2aeabc6e
You may have noticed that most of people confuse the terminology and refer to FOREX Strategies in the wrong way. There are methodologies, systems, strategies, and techniques. The most effective methodology is Price Language (Trend Tracking). Combined with a correct reading of mass psychology presented by the charts.
We know that in the Stock Markets there are thousands of strategies. FOREX, like the rest of the markets, presents you with the opportunity to apply similar strategies to win consistently. Taking advantage of repetitive psychological patterns.
First, the Price Language methodology has created great fortunes in FOREX, and the next fortune may be yours. But this methodology must be implemented within a framework of advanced concepts of Markets. Without forgetting the basics. And working hard day by day.
Second, a strategy is a set of parameters and techniques that together give you the advantage to act in any situation. Thus for example in war, generals have attack strategies and counterattack strategies.
FOREX strategies alike are entry strategies and exit strategies. All beginners should know these FOREX strategies for beginners. That way you will get a general idea of ​​the game and understand that trading is a war against the Market and its Specialists. Only applying FOREX strategies revealed by the same Specialists and using their own techniques,
... you can survive in this war.
Do not fall into the trap of the many "systems" and "methods" that are offered on the internet about operating in the FOREX Market. They just don't work in the long run. They are strategies based on indicators for the most part. Using rigid parameters. That if they can work and give profitability during a certain period of time, they will always reach a breaking point when the market changes its dynamics.
Instead, take advantage of your precious time and learn the Language of Price or Price Action.
The Language methodology will allow you to adapt to each new phase of the Market. If you combine this knowledge with the appropriate psychological concepts, you can live comfortably from speculation in FOREX.

Forex Trading Strategies Reddit - Basic FOREX Strategies

You have two basic FOREX strategies, one entry, and one exit. Both follow a general strategy that helps you capitalize on the collective behaviors of the Market. That is, of the total of participating speculators.
This behavior causes the formation of cycles that repeat over and over again. Driven by the basic emotions (uncertainty, greed, and panic) of the speculators involved that can be taken advantage of with the aforementioned FOREX strategies. Specialists identify these emotions in the order flow and capitalize on these events every hour, every day, and every month.
Basic FOREX Strategies - The Price Cycle
These repetitive cycles consist of 4 phases:
  1. Accumulation
  2. Upward trend
  3. Distribution
  4. Downward trend
https://preview.redd.it/6dvk2w0pduv51.png?width=300&format=png&auto=webp&s=a3ab65ca4eab6d20174b3327b862d8b59dcc13b7
The two trends can be easily identified by their notorious breakdown. And the two areas of uncertainty (accumulation and distribution), due to their notorious range trajectories.
This general behavior determines the core of our FOREX strategies.
You buy when the price of a pair has broken and has come out of one of its congestion formations (accumulation or distribution). You implement one of the Forex strategies, in this case, the entry one.
The multi-time technique will help you find the point of least risk when entering your initial buy or sell order. In the same way and using the same strategy but this time to close your position, the multiple timing technique will also show you how to close your operation obtaining the highest possible profit.
The most consistent way to extract profits in the market is by trading the start of trends within a cycle . Once confirmed by their respective breaks from the areas of uncertainty. This is the mother of all FOREX strategies . And in a market that operates 24 hours, we have more frequent cycles and therefore more opportunities.

Forex Trading Strategies Reddit - Advanced Forex Strategies

There are many advanced FOREX strategies that are generally used by professional speculators working for large financial firms.
Among these firms are banks, Investment Fund managers and Hedge Fund managers. The latter is an investment modality similar to Investment Funds, with the difference that Hedge Funds use more complex investment strategies. Its operations are more oriented to aggressive speculations in the short and medium-term.
Among the most common strategies is hedging (hedging), carry trade, automated systems based on quantum mathematics. And a large number of combinations between the different option strategies.

The Carry Trade

The central idea of ​​Carry Trade is to buy a pair in which the base currency has a considerably higher interest rate than the quoted currency. To earn the difference in rates regardless of whether the price of the pair rises or falls.
Suppose we buy a $ 100,000 lot of AUDJPY, which according to the rates on the chart would turn out to be the ideal instrument in this example to use the Forex carry trade strategy.
As our capital is in US dollars we have to assume for our example, the following quotes necessary to perform the place calculations:
AUD / JPY = 80.00 USD / JPY = 85.00
What happens internally in your broker is this.
  1. By placing as collateral $ 1,000 of your $ 50,000 of capital (assumed for this example), deposited in your account, you have access to $ 100,000 virtual (this is what is known as leverage); that is, you put in $ 1,000 and your broker lends you 99,000.
  2. With those $ 100,000 virtual dollars, your broker borrows on your behalf ¥ 8,500,000 Japanese yen (85 × 100,000) at 0.1% annual interest from a Japanese bank.
  3. With those ¥ 8,500,000 Japanese yen, your broker buys A $ 106,250 Australian dollars (8,500,000 / 80) and deposits it in an Australian bank where it receives 4.5% annual interest on your behalf.
  4. One year later (and regardless of the profit or loss generated by the pair's movement), your profit will be the difference between the AUD rate and the JPY rate, that is:
Profit = (AUD rate) - (JPY rate) - (costs of the 2 currency exchanges) Profit = (4.5%) - (0.1%) - (0.1% to 1%)
The great advantage of carry trade FOREX strategies is that this percentage profit is applied to the $ 100,000 of the standard lot; the broker transfers all of the profit to you, even if you only contributed $ 1,000. On the other hand, if you carry out the inverse of this operation, this benefit of the Forex carry trade becomes a cost (swap), and you assume it completely.
Remember that FOREX carry trade strategies are recommended for pairs with considerable interest rate differences, such as the one we have just seen in our example.
These FOREX strategies should also not be used in isolation. The idea is that through technical analysis you identify when would be the ideal time to enter the market using your carry trade Forex strategy and multiply your profits considerably.

What FOREX Strategies Do Hedge Funds Use?

The FOREX strategies used by large fund managers do not constitute an advantage in terms of percentage results for them, nor do they constitute a competitive disadvantage for you.
The vast majority of them fail because of their big egos. In fact, there was a firm made up of great financial geniuses, including 2 winners of the Nobel Prize in Economics, who developed a strategy based on quantum mathematical calculations.
With an initial base capital of about 3 billion dollars, and after 3 successful years obtaining annual returns of over 40%, the firm Long-Term Capital Management, begins its fourth year with losses. To counteract these losses the geniuses decide to multiply the initial capital several times, while the losses continued.
The year closed with the bankruptcy of the fund, and with a total accumulated loss of 1 trillion dollars, due to the great leverage used. And all for not admitting that the FOREX Strategies of Long Term Capital Management were not in line with the dynamics of the Market.
There are an overwhelming number of opportunities in the stock markets to make money interpreting the Language of Price.
You don't need to use complex "advanced" strategies that have been created to handle hundreds or billions of dollars.
The reasons for using these FOREX strategies are very different from what a "retail trader" pursues with his small speculation business.
As you can see, you should not worry about wanting to integrate any of these advanced strategies into your arsenal. They are only beneficial for managing hundreds or billions of dollars, where the return parameters are very different when you handle small amounts of capital.
Do not worry about collecting hundreds of free FOREX strategies that circulate on the internet, that great accumulation of mediocre information will only serve to confuse you and waste your valuable time.
Spend that time learning Price Action,
… And you will always be one step behind the Specialists, identifying each new Market condition, and anticipating the vast majority of reversals of all prices.
Ironically, the most successful fund managers indicate that their most profitable trades are those based on the basic trend-following strategies of the Price Language. The same ones that you will learn in this Free Course.
Dedicate yourself to perfecting them and believe me you won't need anything else. As long as you have good risk management, taking into consideration the following points ...

Styles of Investments in FOREX

The Investment FOREX long term is not recommended for small investors like you and me. If we take into account the term investing literally as large investors do who buy a financial product today to sell it years later.
We both have a better niche in the short and medium-term.
You may have noticed that the big multi-year trends in the Forex Market do exist. But minor swings within a big trend are usually very wide.
These minor movements allow us to easily double and triple the annual return of the big general trend, motivating most traders to speculate in the short and medium-term.
These minor oscillations or trends that occur within the large multi-year trends owe their occurrence mainly to two reasons.
First, the FOREX Market presents 3 sessions a day each in different cities of the world with different time zones (Asia, Europe, and America). This causes more frequent trend changes than in the rest of the stock markets.
Second, the purpose for which it was created also plays a role. The modern Foreign Exchange Market, since its inception in 1972, was conceived by the global financial system as a tool for speculation. To obtain benefits in the short and medium-term (from several days to 1 year).
These two points are basically the reasons why we observe the immense speed with which the FOREX market changes trends.
For example, for those who live in America, in the early morning (Europe) the EURUSD pair may be on the rise, in the morning or afternoon (America) it may be down, and then finally at night (Asia) it may return to the rise.

Define your Own Style for your FOREX Investments

One of the first decisions you will have to make is to choose your style as a trader or investor.
There are 4 types of well-defined styles.
Most professional traders tend to have multiple styles, although they always identify with one primary style for their FOREX investments. Study the characteristics of the 4 main styles to make your investments in FOREX :
1. Long Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per month to their investments in Forex. The period of an open position ranges from 1 year to 5 years.
2. Medium Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per week to their investments in Forex. The period of an open position ranges from 1 month to 1 year.
3. Short Term: recommended for anyone who is going to enter the market for the first time, or who already has a certain time operating in the long and medium-term, showing constant profits, and who can dedicate a minimum of one hour per day to your investments in FOREX. The period of an open position ranges from 1 day to 1 month.
4. Intraday : recommended only for people with a fairly solid earnings record in the short term, and with a capital greater than $ 50,000. As we have noted, this option constitutes a full-time job.
People who start investing in FOREX , should start executing short-term (weeks) and medium-term (months) transactions only, and not pay attention to intraday oscillations (day trading).
If you are interested in being an intraday speculator, I recommend that you first exhaust at least a year doing operations in the short and medium-term to assimilate the correct strategies and to develop the necessary mentality to carry out this work.
The second option would be to participate in some kind of intensive training.
I remind you that self-educating is almost impossible in speculation. You are likely to accumulate a lot of knowledge by reading books and attending courses. But you will probably never learn to make money with all the incomplete "systems" circulating on the internet.

Mistakes to Avoid When Looking for Your Style

Many people who are new to FOREX investments make the mistake of combining these styles, which is a key to failure.
I recommend that if you are not getting the results you expected by adopting one of these styles, do not try to change it. The problem sure is not in the style, but in your strategies or in your psychology.
A successful investor is able to make a profit in any longer trading time than he is used to. I explain. If you are already a profitable operator in the short term, it is very likely that you will also be profitable in the medium and long term,
… As long as you can interpret the Language of Price or Price Action.
In the opposite case, the same would not happen. If you were a medium-term trader, you would need time to adjust to the intraday. The reality is that long, medium and short term traders have very similar personalities. The intraday trader is completely different.

The Myth of the Intraday in Investments in FOREX

If you are already successful in the short, medium and long term, you will notice that the sacrifice and the hours necessary in front of the computer to operate intraday is much greater. The intraday style will be useful to increase your account if it is less than USD $ 100,000 in a very short time in exchange for 8 to 12 hours a day of hard work but ...
You must first develop the necessary skills to operate the intraday.
The ideal is to combine all the styles to get more out of the Market and carry out more effective transactions and have a diversification in your investments in FOREX.
There are intraday traders that are very successful, but the reality is that there are very few in the world that make a profit year after year. If you want to become an intraday, you just have to prepare yourself properly through intensive training.
Otherwise, I recommend that you don't even think about educating yourself to adopt the intraday style. It is not necessary to go against a probability of failure greater than 99%. Unless
... your ego is greater than your common sense.
The main reason why this style of investments in FOREX is not recommended for the vast majority of us "retail investors" (the official term "retail traders"), is the high operational cost.
The real commissions in this market range between $ 2.0 and $ 2.50 for each lot of 100,000 virtual units. This means that a complete operation (opening and closing) is approximately $ 5.00, for each standard lot traded ($ 100,000 virtual).
Another fundamental reason is the advent of robotic traders (HFT = High-Frequency Trading), which tend to manipulate the market in the shorter intraday swings. Please do not confuse HFTs with automated systems that we find daily on the internet, and that can be purchased for a few hundred dollars and often for free on FOREX forums / groups.
These HFTs to which I refer, they are effective. They cost millions of dollars and have been developed by the large Wall Street financial firms to manage their investments in FOREX.
The reality of the intraday trader is that you execute orders for large lots at the same time, to profit from the smallest movements in the market. It is an activity based on reflexes. The slightest oversight or distraction can turn into a catastrophe for your FOREX investments.
I recommend that you start investing in FOREX using slow time periods such as H4 or Daily. For some reason, all Goldman Sachs intraday FOREX investments are made with algorithms.

Finally…

To choose your style as a trader and manage your investments in FOREX, first determine what your degree of experience is, analyze the points mentioned below and the rest you will discover when you execute your first operations.
The points that will affect your decision are:
  • Capital
  • Time available each day
  • Level of Experience
  • Personality
Discovering your style is a search process. For some it will be a long way to find the right time frame that matches their personality. Don't be put off by the falls. After all, those who continue the path despite the falls are the ones who reach the destination.
And I hope you are one of those who get up over and over again. The next lesson will boost your confidence when you discover the main reason that moves currencies ...

Fundamental Analysis in Forex Trading Reddit

The fundamental analysis in Forex is used mostly by long-term investors. Players as we saw in the styles of operators, start a negotiation today, to close it years later.
I always emphasize the importance that the mass media give to this type of analysis to distract the great mass of participants.
It is all part of a great mass psychological manipulation. For centuries the ignorance of the masses has been organized before the great movements begin.
The important news are the macroeconomic reports published by the Central Banks and other government agencies destined for this work. All reports are made up. 99% of them are corrected months later.
These events are tools to justify fundamental analysis and price cleaning movements. Any silly headline does the job. With this, it is possible to absorb most of the existing liquidity, before the new trend phase is projected.

Reaction!

Except in rare situations, the result of an economic report of the fundamental analysis is generally already assimilated in the graph. In most cases, there are financial institutions that already have access to this information and are organizing and carrying out their operations in advance.
The phrase buy the rumor and sell the news is a very old adage on Wall Street. And its meaning contains what we have just explained. For the investor who can interpret the Language of Price, fundamental analysis is of little importance. Well, in general, their disclosure does not indicate that you have to take any action in your open trades , as long as your entry strategy provides you with a good support cushion.
This reality of fundamental analysis causes a lot of confusion for investors who lack in-depth knowledge of the forex market.

Macroeconomic Data

The data published in these events is irrelevant. Both for speculators and for the people in general. They are false. They lack reliability.
The price can go up or down with the same result of the data. The main ones are:
- Interest Rates - GDP (gross domestic product) - CPI (inflation) - ISM (manufacturing index) - NFP (payroll) - Double Deficits (deficit = fiscal + balance of payments)
If you are initiated, I recommend you avoid operating near these events. It is only a matter of having the time pending. Use the economic calendar for Fundamental Analysis of Forex Factory.
There is a probabilistic advantage in operating these fundamental analysis events. But it takes preparation, experience, and practice. They represent a way of diversifying in the general operation of a speculator.

The Uncertainty of Fundamental Analysis

On many occasions after the disclosure of an economic report, the price movement of the currency pair that is going to be affected tends to move in the opposite direction to the logic of the report.
I show you an example of a fundamental analysis report. Imagine that the EUR / USD pair is trading at 1.2500, and the FED (US Federal Reserve) issues a statement announcing that it has just raised inter-bank interest rates from 0.25 points to 0.75 points. Very positive news for the US dollar that logically implies an appreciation of the currency and consequently an instantaneous collapse of the EUR / USD pair (up the dollar and down the euro)
However, minutes after the release of said fundamental analysis report, the pair after effectively collapsing to 1.2400, returns and returns to its levels prior to the report (1.2500). This situation is very common , but it is not so easy to identify it when it is occurring, but after the damage is done.
Traps like these devour the accounts of beginners who approach the market with little experience, with weak strategies, and especially with very little experience.
That is why I reiterate that you forget the fundamental analysis for now. Just keep in mind when operating, that there is no publication scheduled nearby. Just check the economic calendar for the day and forget about the numbers. Let the economists mess around with the data.

FOREX Market Correlation

The Forex market correlation exists between pairs with similar "base" currencies and not always under the same circumstances. The correlation in the Forex market that is most followed and that has the greatest impact on fundamental analysis is that of the US dollar (USD).
The USD is the most traded monetary unit with a volume greater than 80% with respect to the rest of the currencies. This fact determines why their correlation is the most important, the most followed, and perhaps the only one worth following in the fundamental macro analysis.
The 7 major pairs are usually in sync . These 7 pairs all include the USD and present a fundamental analysis correlation almost 75% of the time. Influencing the rest of the currency pairs.

Advantages of the FOREX Market Correlation

In the fundamental analysis the most basic FOREX correlation is the following. When the USD appreciates, the USD / CAD, USD / CHF, and USD / JPY pairs tend to go up in price. This indicates that the Canadian dollar (CAD), the Swiss franc (CHF), and the Japanese yen (JPY) are losing value against the USD.
We must bear in mind that this correlation does not occur 100% of the time. In fact, the JPY generally tends to move in the opposite direction , since in recent decades this currency has been used as a source of financing to invest in other financial instruments.
On the other side is the FOREX market correlation that generates a movement almost in unison in the other 4 major pairs EUR / USD, GBP / USD, AUD / USD, and NZD / USD. These tend to fall in price, homologous the appreciation of the USD. But not always.
In this case the fundamental analysis correlation works most of the time, between 65 and 85% of the time. Small differences are noted in the extent that each of these pairs experiences.
There is also a correlation in the secondary FOREX market, where the pairs of all currencies that do not include the USD participate, but I recommend you not to waste time on them for now. There are more important things about the Language of Price to know first.

FOREX Commodity Correlation

In this part I will explain to you in a basic way the Correlation Commodities - FOREX of the fundamental analysis.
There are three currencies that have a direct correlation with commodities. They are usually called: "COMDOLLS" which is short for "Commodities Dollars" (Commodities Dollars), since all three obey the dollar denomination. These are:
- The New Zealand Dollar (NZD) - The Australian Dollar (AUD) - The Canadian Dollar (CAD)
These three currencies make up the group of the 8 largest together with the euro, the pound, the yen, the franc and the US dollar. Together, they merge to produce the major pairs traded in the FOREX Foreign Exchange Market.
The FOREX Commodity Correlation has an affinity in most cases greater than 75%. And each of them has its different raw material of correlation. You will notice that the NZD and the AUD are two currencies that act practically in unison. Both present minimal discrepancies in their fluctuations in the short, medium and long term.
This is mainly because their economies are very similar and their economic and fiscal policies are too. Their main production items also show great similarities, despite the fact that the Australian economy is much larger than the New Zealand economy.
The raw materials that follow the movement of the AUD are mainly gold and copper. If you put the history of these three quotes during the last decade of the year 2,000 together on the same chart, you will notice a very similar upward movement between the three quotes. Pure correlation of fundamental analysis.
This strong correlation with commodities in the metals area for the AUD has provided Australia with an economic advantage enviable over the other major powers that have seen their currencies devalue sharply against the AUD. At the same time, they experience a constant decrease in the purchasing power of their citizens.
The NZD maintains a correlation with raw materials related to agriculture and livestock, mainly including milk and its derivatives. It is one of the countries that dominates the world export of these economic items, and also has important exports of metals , although in smaller quantities than Australia.
Finally, you have a correlation with raw materials in the energy area. For historical reasons the CAD, which is not the largest oil producer in the world, but an important supplier to the largest consumer that is the US, has seen its currency oscillate in line with oil prices.
To make long-term investments in the Foreign Exchange Market, it is necessary to take into consideration at least one Commodity Correlation - FOREX in your fundamental analysis.

Forex Technical Analysis Reddit

The technical analysis is the methodology that interprets the movements of the price. Specialists look for liquidity to fund their business. The repetition of the strategies used by the specialists in their work generate repetitive patterns.
If you were an analyst, you would develop the visual ability to identify such patterns on a graph. If you were a programmer you would quantify them mathematically using complex formulas.
And if you could learn to interpret the Language of Price, you would have the ability to anticipate 90% of all movements that occur on a chart. And in this business, anticipating is what will make you money.
Market prices are reflected and framed on a horizontal time axis and a vertical price axis. Prices go up or down according to the aggressiveness of the participating operators. In an efficient or balanced market these oscillations should be imperceptible.
But in reality this is not the case, since the Market works thanks to the digital printing of hundreds of billions of units of paper money systematically distributed by the Central Banks through the banking system. These resources serve as a tool to manipulate 100% of the movements that occur in the FOREX Market.
Are you looking for Technical Indicators? All technical indicators were created from the 70's. How do you think that for more than 200 years the speculators of the past accumulated great wealth?
With the Language of Price. The best timing is given by the price itself. Indicator-generated entry signals usually occur at the wrong time.
The basis of technical analysis is human psychology. Unfortunately, human beings are not perfect and are loaded with emotions that dominate their behavior in similar situations, creating repetitive and highly predictable behavior when it occurs in masses.
The study of technical analysis through indicators and subjective training, originates and shapes the collective thinking on which all the traps that specialists execute every day to maintain their business are designed. If the majority won, the Market would cease to exist.
Although you already know that the patterns are not generated by the masses , but the repetitive behavior of the Specialists in the face of the action response of the masses. It is very easy for speculaists, because they can see everyone's orders in their books.
And they also exert a great influence on the decisions of the masses through the mass media. It is what I call the war between the Egg and the Stone , if you hit me you win and if I hit you also you win.

The Deception of Modern Technical Analysis

Through the centuries thousands of people have been able to extract great benefits from the financial markets by applying the basic strategies of technical analysis and the psychology of the Price Language.
More than 200 years ago when the markets began to operate officially, fundamental analysis predominated, which was only used by large financial institutions. As this analysis tool began to become popular, these institutions began to apply the strategies of technical analysis.
In recent decades and with the massification of internet technology, technical analysis has begun to be handled by anyone who has a computer with internet access. The same financial institutions, which have been present for more than a century and as a result of this overcrowding , establish a strategy to confuse and misinform about the true strategies of technical analysis.
This has been accomplished in the following manner. Currently there are hundreds, if not thousands of technical indicators that have been developed by so-called "gurus" of technical analysis and that sell their magic indicators packed in a "system" or "method" that usually cost thousands of dollars, or simply with the publication of a book with which they generate large profits. Double benefit.
The aim is to confuse the initiates in speculation and create the collective mentality that will originate the same behaviors over and over again. About 95% of these new entrants completely lose all the capital they invest in their early stages as investors.
Leaving them with a negative experience and creating the idea and the image that financial markets are an exclusive area for geniuses with high academic levels and that only they can produce returns in the markets year after year.
The initiate, having lost all his original capital, turns to these “gurus” for help and teachings. You spend more capital on the products they offer you and the cycle repeats itself . Obviously, the vast majority do not relapse and completely forget to re-engage in the stock markets.
I hope you have not been a victim of this drama.
Now I will show you the simplicity of a FOREX technical analysis , without the need to resort to any indicator as a tool to determine an effective entry or exit strategy when planning your operations.

The Price Cycle

Previously you studied in the FOREX strategies lesson, that the typical price cycle when it is reflected in a graph, presents four very specific phases and very easy to identify if you perform a technical analysis with common sense . These are:
  • Accumulation
  • Bullish trend
  • Distribution
  • Bearish trend
Remember also that the most effective way to constantly extract profits in the markets is by taking advantage of phases 2 and 4 (the trends). Combined with a correct reading of the collective behavior of the masses of speculators interpreting the Language of Price.
You will be surprised by the simplicity with which thousands of people around the world and over the centuries have accumulated large sums of money by drawing a few simple lines and applying responsible risk management with their capital.

How to Identify Trends?

Being able to determine the trend phases within the price cycle is the essence of technical analysis since it is these two phases that provide you with the probabilistic advantage you need to operate in the markets and obtain constant returns.
In the most plain and simple language, in the world of technical analysis, there are only two types of formations: trends and ranges.
The trends, in turn, can be bullish if they go up, or bearish if they go down. The ranges, on the other hand, can be accumulation if they are at the beginning of the cycle, or distribution if they are in the high part of the cycle. As I had indicated in the topic of FOREX strategies when describing the price cycle.
This sounds more like a play on words, but I will show you the practical definition to simplify your life and then you will apply these definitions on the graph so that everything makes more sense to you.
  • Bullish trend: a succession of major highs and major lows
  • Bearish trend: a succession of minor highs and minor lows
  • Floor Range: equal highs and varied lows
  • Ceiling Range: equal minimums and varied maximums
https://preview.redd.it/vvmsshf0guv51.png?width=600&format=png&auto=webp&s=c321679a7dcc03f7184778be86379ef442fddf91
Some key points from the graph:
  • The start of this big uptrend was detected when the last high (thick green line) of the previous downtrend was broken to the upside, ending the succession of lower highs, while exiting the lateral floor formation.
  • The succession of major lows in the uptrend (thin blue lines)
  • The succession of major highs in the uptrend (thin green lines)
  • The end of the uptrend was detected when the last low (thick blue line) of the uptrend was broken to the downside, ending the succession of higher lows, while exiting the lateral ceiling formation.
A tool that will help you sharpen your technical eye and identify trends on the chart is the Currency Scanner. This application is very effective and will provide you with a much-needed boost in your operations to identify reliable trends. At first, we are not sure how reliable a trend is. You will receive great help to find opportunities with the Currency Scanner .

The Common Sense, The Less Common of Senses

The central idea of ​​technical analysis consists in determining the price situation of a market, that is, in which phase of the pattern of its cycle it is currently conjugated with the collective thinking of the masses and the possible traps that the market would have prepared to remove. the capital at stake by the public.
To carry out a precise technical analysis, you will use the support and resistance lines, which can be static (horizontal) or dynamic (projecting an angle with respect to the horizontal axis).
Your common sense prevails here.
If you show a 10-year-old a chart, they will be able to tell you if the price is going up or down. You will most likely have no idea how to draw the lines, but you will be able to establish the general trend. Simply using your common sense.
By introducing indicators and other gadgets , the simplicity and effectiveness of the technical analysis created by your common sense evaporates.
The following graph conceptually shows you all the possible situations in which you could draw these lines to carry out your technical analysis of the place. You can clearly observe a downtrend delimited by its dynamic trend line and an uptrend on the right side with its respective dynamic delimitation.
https://preview.redd.it/5iehg0r6guv51.png?width=500&format=png&auto=webp&s=84c265a5d35da7ea970792c4bf40fe20b33bd8bd

Forex Charts Analysis

I want to remind you that the formations or patterns that develop on the charts (triangles, wedges, pennants, boxes, etc.) only work to execute trades that have initially been confirmed by the static support and resistance lines and to read the collective thinking of the masses.
Chart formations work, but you must know the Language of Price to determine when the Specialists will exploit a chartist figure, or when they will allow it to run. In fact, you will learn with the Language that you can operate a chart figure in any direction.
Much of the "mentalization" that the masses receive is to believe that the figures are made to be respected. Which is an inefficient way of working. Simply because you could wait days or months for a perfect chart figure to occur in order to perform a reliable trade. When in fact there are dozens every day.

Japanese Candles

Of all the tools you have to carry out technical analysis, perhaps the best known and most popular is the Japanese technique of candles (candlesticks).
Candles are mainly used to identify reversal points on the chart without resorting to confirmation of horizontal trend lines and only using a previous bar or candle breaks.
Its correct use is subject to a multi-time analysis (multiple temporalities) and a general evaluation of the context proposed by the market in general at the time of each scenario.
Later I will show you all the important details to take into account so that you use Japanese candles in a simple and very effective way.
Do not forget ... Trading in your beginnings based on formations (chartism) and candlestick patterns conjugated with hundreds of tools and technical indicators, constitutes the perfect path to your failure. Before using any strategy or technique I recommend you focus on learning the Price Language, which includes 3 basic things:
  • The Price: structure and dynamics
  • Market sentiment: relative strength, external shocks, etc.
  • Psychology: flexible mindset and risk acceptance
After you acquire this solid foundation, I guarantee that you will be able to trade any trading system that exists, any strategy, technique or chart figure in a profitable and consistent manner.
Specialists make money every day at the expense of the collective behavior caused by the use of these strategies and techniques. With which you will only manage to lose your capital and your time by putting the cart in front of the horse.
People who do the opposite, at best become,
... Philosophers of Speculation, or indocile Robot Assistants or Expert Advisors.
To make money in any market condition, range or trend, you must use the technical analysis based on the Price Language and combine it with a correct psychological reading of the price. This knowledge can only be acquired through proper education and lots of supervised practice. Like any other career in life.
I hope you've found this guide helpful!
submitted by kayakero to makemoneyforexreddit [link] [comments]

Reddit Forex Scalping: 4 Strategies To Make Money Trading Forex For Newbies

Reddit Forex Scalping: 4 Strategies To Make Money Trading Forex For Newbies

4 Forex and Stocks Scalping Strategies Reddit

We take a look at scalping trading strategies, as well as some useful indicators.
https://preview.redd.it/rb33l4c42nw51.jpg?width=600&format=pjpg&auto=webp&s=c225b90045dcd566f5a85e09cf51d887a1b69ed7

What does scalping mean?

Scalping is a type of trading strategy designed to profit from small price changes since the benefits of these transactions are obtained quickly and once an operation has become profitable. All forms of trading require discipline, but because the number of trades is so large, and the profits from each trade are so small, a scalper must rigorously stick to their trading system, to avoid large losses that could eliminate dozens. successful operations.
The scalper traders: they will take small profits to take advantage of the gains as they appear. The goal is a successful trading strategy by means of a large number of profitable trades, rather than a few successful trades with large profits.
The scalping of the idea of a better risk exposure as the current time each operation is quite short, which reduces the risk of an adverse event that causes a big move. Furthermore, it is considered that smaller movements are easier to achieve than larger movements and that smaller movements are more frequent than larger ones.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

The best scalping strategies

  1. Stochastic Oscillator Strategy
  2. Moving average strategy
  3. Parabolic SAR Indicator Strategy
  4. RSI (Relative Strength Index) Strategy

Reddit Forex Scalping Strategies:

1- Scalping trading using the stochastic oscillator

Scalping can be achieved by using the stochastic oscillator. The term stochastic refers to the current price point relative to its range over a recent period of time. When comparing the price of a security with its recent range, a stochastic tries to provide potential changes. The scalping using said oscillator aims to capture the movements of a market trend, ie, one that moves up or down accordingly. Prices tend to close near the extremes of the recent range before a change occurs, as in the example seen below:
https://preview.redd.it/7wy3ixui2nw51.png?width=1397&format=png&auto=webp&s=91f50d685dd4841015c51322cee9fb90701aad33
the chart above, for Brent over a three minute period, we can see that the price rises even higher, and the lows in the stochastic (marked with arrows) provide entry points for long trades, when the black line of% K is crosses over with the red dotted line of% D. The operation is exited when the stochastic reaches the maximum value of its range, above 80, when a bearish convergence appears, when the line of% K crosses below with% D.
Rather, short positions would be used in a downtrend market, as in the example below. This time, instead of 'buying dips', we are 'selling raises'. Therefore, we will look for a bearish convergence in the direction of the trend, as highlighted below:
https://preview.redd.it/y3qqvejs2nw51.png?width=1398&format=png&auto=webp&s=627f3ded47e901c1f9ea97d5416caeea49b9dc3f

2- Scalping using the moving average

Another method is to use moving averages, usually with two relatively short-term and one longer-term to indicate the trend.
In the examples below, on a three-minute chart of the EUR / USD pair , we are using 5- and 20-period moving averages in the short term, and a further 200-period moving averages in the long term. In the first chart, the longer-term moving average is rising, so we expect the five-period moving average to cross above the 20-period moving average, and then we take positions in the direction of the trend. These are marked with an arrow.
https://preview.redd.it/22jquy1z2nw51.png?width=1499&format=png&auto=webp&s=ed4f724384b86f95dff584c596e25652f23f240d
In the second example, the long-term moving average is declining, so we look for short positions when the price crosses below the 5-period moving average, which has already crossed below the 20-period moving average.
https://preview.redd.it/0tl7mky23nw51.png?width=1496&format=png&auto=webp&s=ca7b44138901537185d9e0dbd639a799407ced08
It is important to remember that these trades are trending and that we are not trying to find and capture every move. As in any scalping strategy, it is essential to have good risk management with stops, which is vital to avoid large losses that could eliminate many small gains quickly.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

3- Scalping with the use of the parabolic SAR indicator

The Parabolic SAR is an indicator that highlights the direction in which the market is moving and also tries to provide entry and exit points. SAR is the acronym for ' stop and reversal ', which means stop and revocation. The indicator is a series of points placed above or below the price bars. One point below the price is bullish and one point above it is bearish.
A change in the position of the points suggests that there is going to be a change in trend. The chart below shows the DAX on a five minute chart; You can open short trades when the price moves below the SAR points and long when the price moves above them. As you can see, some trends are quite widespread and at other times a trader will encounter many trades that generate losses.
https://preview.redd.it/35uo837g3nw51.png?width=1498&format=png&auto=webp&s=f020a461c6ff1f8d49fab381da0713b1de75dbf7

4- Scalping using the RSI

Lastly, investors can use an RSI strategy to find entry points that go with the prevailing trend. In the first example, the price is rising steadily, with three higher overall moving averages.
Downs in the trend are to be bought, so when the RSI drops to 30 and then moves above this line, a possible entry point is created.
https://preview.redd.it/fkk1df2k3nw51.png?width=1499&format=png&auto=webp&s=8e9b4c7b1af0d0732793ddf5dc462aeaa7321dc9
Conversely, when the RSI moves to 70 and then begins to decline within the downtrend, an opportunity is created to 'sell the rally', as we have seen in the example below.
https://preview.redd.it/dlq4ge7p3nw51.png?width=1497&format=png&auto=webp&s=10eb4baf8bd92a4e0e33905464859b73871a6201
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

What do you have to know before starting scalping strategies Reddit?

The scalping requires the trader has an iron discipline, but also very demanding as far as time is concerned. Although long-term times and smaller sizes allow investors to move away from their platforms, given that there are few possible entries and can be controlled remotely, scalping requires the investor's full attention.
Possible entry points can appear and disappear very quickly and therefore a trader must be very vigilant about his platform. For individuals who have a day job or other activities, scalping is not necessarily an ideal strategy. On the other hand, long-term operations with higher profit objectives are a more suitable option.
It is difficult to execute a successful scalping strategy. One of the main reasons is that many operations need to be performed over time. Some research in this regard usually shows that more frequent investors only lose money faster, and have a negative capital curve. Instead, most investors are more successful and reduce their time commitments to trading, and even reduce stress by using long-term strategies and avoiding scalping strategies.
The scalping requires quick responses to market movements and the ability to forgo an operation if the exact moment has passed. 'Chase' trades, along with a lack of stop-loss discipline, are the key reasons why scalpers are often unsuccessful. The idea of ​​only being in the market for a short period of time sounds appealing, but the chances of being stopped out on a sudden move with a quick correction are high.
Trading is an activity that rewards patience and discipline. Although those who are successful with scalping do demonstrate these qualities, they are a small number. Most investors do better with a long-term view, smaller position sizes, and a less frenetic pace of activity.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE
submitted by kayakero to makemoneyforexreddit [link] [comments]

Odd race to bottom for NZD, JPY and USD

Saxo Bank

submitted by Altruistic_Camel to econmonitor [link] [comments]

Dollar Index and its impact on USDINR movement

Dollar Index and its impact on USDINR movement

image courtesy : pixabay
Many people in India who are just beginning their career in Currency Derivatives frequently hear about Dollar index. The social media and other platforms full of questions like “What is the Dollar Index?” and how it will impact the Indian currency pairs, especially the USDINR pair. This article will try to explain the US Dollar Index or USDX and its impact on the Indian currency pair.

What is the Dollar Index?

To put in simple words, it is the value of USD relative to the basket of major currency pairs. The value of the USDX tells the strength of the dollar. The six major currency pairs forming the basket along with weight are :
  1. EUR (57.6% )
  2. CHF (Swiss Franc -3.6%)
  3. YEN (Japanese yen — 13.6%)
  4. CAD (Canadian Dollar -9.1%)
  5. GBP(11.9% )
  6. SEK (Swedish Krona — 4.2%)
The USDX was created after the Bretton Woods agreement was dissolved in 1973. The base value was taken as 100, and the value of USDX is relative to the base value. The USDX is similar to the other indexes such as stock indices such as S&P 500, Nifty 50, where the weighted average of most valuable stocks is taken to form the stock index.
For calculation purpose, the exchange rates of six major currencies are taken with their respective weights in the index.
Prior to the establishment of USDX, all the major participating countries settled their balances in USD. The USD could be converted to Gold at $ 35/ounce. This led to the overvaluation of USD and the linked gold prices resulting in the temporary suspension of the gold standard. The countries then were free to choose the exchange rate, which did not depend on the price of the Gold and several countries freely floated their exchange rates. This led to a search for another standard, and thus, the dollar index was born.

Highs and lows in dollar index value

In 1973 the value of dollar index was set to 100. It reached its peak in 1985 where its value was around 165. In 2008 it hit the low of 70. If the value of the dollar index is above 100, then the dollar has appreciated against the basket of currencies. In contrast, any value below 100 or equivalent to 100 means dollar has depreciated against the basket of currencies. It can also be referred that the dollar is weak below 100 and strong above 100. There are several factors which impact the dollar index. These factors include macroeconomics, deflation/inflation of dollar and other currencies in the basket, etc.

Is US Dollar Index Traded?

Yes Dollar Index popularly known as USDX or DXY is available for trading on the US and other overseas exchanges, but not in Indian bourses.

Is USDX available for Investment?

Yes, it is also available indirectly for Investment via ETF and mutual fund routes in the US markets. At the moment, the Indian market doesn’t have any such products for investment purpose.

How dollar index impacts USDINR?

Indeed weakening and strengthening of dollar impacts USDINR movement. If take into consideration businesses and services where we deal in dollars only then strengthening of dollar increases the Forex reserve value. In contrast, the weakening of the dollar globally reduces the income of all the export-oriented industries. The reverse is true for import oriented industries in the country.
If you are a trader, then falling and rising dollar index provides you with the opportunities to trade in the USDINR pairs in both ways. You can either short when the dollar is weakening or go long when the dollar is strengthening. You can also hedge your position in the wake of weakening dollar through options and future trades. Corporate Business houses hedge their risk by hedging against any Dollar appreciation/depreciation based on the index value.
But the movement of USDINR pair should not be solely analyzed merely on the movement of the dollar index, and other factors also play a key role in the USDINR movement. Other factors, such as crude oil prices, trade deficit, inflation, etc., should also be considered along with USDX to analyze the movement of USDINR pair.

Where to get USDX charts?

You can get the USDX charts at in.investing.com

USDX charts on NYSE
I hope I have explained the dollar index in detail, however any comment, correction and feedback is welcome on the article.
submitted by bhaskarndas to u/bhaskarndas [link] [comments]

Dollar Index and its impact on USDINR movement

Dollar Index and its impact on USDINR movement

image courtesy : pixabay

Many people in India who are just beginning their career in Currency Derivatives frequently hear about Dollar index. The social media and other platforms full of questions like “What is the Dollar Index?” and how it will impact the Indian currency pairs, especially the USDINR pair. This article will try to explain the US Dollar Index or USDX and its impact on the Indian currency pair.

What is the Dollar Index?

To put in simple words, it is the value of USD relative to the basket of major currency pairs. The value of the USDX tells the strength of the dollar. The six major currency pairs forming the basket along with weight are :
  1. EUR (57.6% )
  2. CHF (Swiss Franc -3.6%)
  3. YEN (Japanese yen — 13.6%)
  4. CAD (Canadian Dollar -9.1%)
  5. GBP(11.9% )
  6. SEK (Swedish Krona — 4.2%)
The USDX was created after the Bretton Woods agreement was dissolved in 1973. The base value was taken as 100, and the value of USDX is relative to the base value. The USDX is similar to the other indexes such as stock indices such as S&P 500, Nifty 50, where the weighted average of most valuable stocks is taken to form the stock index.
For calculation purpose, the exchange rates of six major currencies are taken with their respective weights in the index.
Prior to the establishment of USDX, all the major participating countries settled their balances in USD. The USD could be converted to Gold at $ 35/ounce. This led to the overvaluation of USD and the linked gold prices resulting in the temporary suspension of the gold standard. The countries then were free to choose the exchange rate, which did not depend on the price of the Gold and several countries freely floated their exchange rates. This led to a search for another standard, and thus, the dollar index was born.

Highs and lows in dollar index value

In 1973 the value of dollar index was set to 100. It reached its peak in 1985 where its value was around 165. In 2008 it hit the low of 70. If the value of the dollar index is above 100, then the dollar has appreciated against the basket of currencies. In contrast, any value below 100 or equivalent to 100 means dollar has depreciated against the basket of currencies. It can also be referred that the dollar is weak below 100 and strong above 100. There are several factors which impact the dollar index. These factors include macroeconomics, deflation/inflation of dollar and other currencies in the basket, etc.

Is US Dollar Index Traded?

Yes Dollar Index popularly known as USDX or DXY is available for trading on the US and other overseas exchanges, but not in Indian bourses.

Is USDX available for Investment?

Yes, it is also available indirectly for Investment via ETF and mutual fund routes in the US markets. At the moment, the Indian market doesn’t have any such products for investment purpose.

How dollar index impacts USDINR?

Indeed weakening and strengthening of dollar impacts USDINR movement. If take into consideration businesses and services where we deal in dollars only then strengthening of dollar increases the Forex reserve value. In contrast, the weakening of the dollar globally reduces the income of all the export-oriented industries. The reverse is true for import oriented industries in the country.
If you are a trader, then falling and rising dollar index provides you with the opportunities to trade in the USDINR pairs in both ways. You can either short when the dollar is weakening or go long when the dollar is strengthening. You can also hedge your position in the wake of weakening dollar through options and future trades. Corporate Business houses hedge their risk by hedging against any Dollar appreciation/depreciation based on the index value.
But the movement of USDINR pair should not be solely analyzed merely on the movement of the dollar index, and other factors also play a key role in the USDINR movement. Other factors, such as crude oil prices, trade deficit, inflation, etc., should also be considered along with USDX to analyze the movement of USDINR pair.

Where to get USDX charts?

You can get the USDX charts at in.investing.com

USDX charts on NYSE
I hope I have explained the dollar index in detail, however any comment, correction and feedback is welcome on the article.
submitted by bhaskarndas to StockMarketIndia [link] [comments]

Trading View (Request)

App Name: TradingView - stock charts, Forex & Bitcoin ticker
Description: Stock charts with real-time market quotes & trading ideas. Traders & Investors.
Simple for beginners and effective for technical analysis experts, TradingView has all of the instruments for publication and the viewing of trading ideas. Real-time quotes and charts are available for wherever you are at whatever time.
At TradingView, all data is obtained by professional providers who have direct and extensive access to stock quotes, futures, popular indices, Forex, Bitcoin and CFDs.
You can effectively track stock market and major global indices such as the NASDAQ Composite, S&P 500 (SPX), NYSE, Dow Jones (DJI), DAX, FTSE 100, NIKKEI 225, etc. You can also learn more about exchange rates, oil prices, mutual funds, bonds, ETFs and other commodities.
TradingView is the most active social network for traders and investors. Connect with millions of traders from around the world, learn from the experiences of other investors and discuss trading ideas.
Advanced Charts TradingView has excellent charts that surpass even desktop trading platforms in quality — all for free. No compromises. All of the features, settings and tools of our charts will also be available in our app version. Over 10 types of charts for market analysis from different angles. Starting with an elementary chart line and ending with Renko and Kagi charts, which focus heavily on price fluctuations and barely take time into account as a factor. They can be very useful for determining long-term trends and can help you earn money.
Choose from a large selection of price analysis tools, including, but not limited to, indicators, strategies, drawing objects (i.e. Gann, Elliot Wave, moving averages) and more.
Individual watchlists and alerts You can track major global indices, stocks, currency pairs, bonds, futures, mutual funds, commodities and cryptocurrencies all in real-time.
Alerts will help you not to miss the smallest of changes in the market and will allow you to react in time to invest or sell profitably, increasing your overall profit.
Flexible settings help you to track the indices you need and also group them in a way that is convenient for you.
Syncing your accounts All saved changes, notifications, charts, and technical analysis, which you began on the TradingView platform will be automatically accessible from your mobile device through the app.
Real-time data from global exchanges Gain access to data in real-time on more than 100,000 instruments from over 50 exchanges from the United States, Russia, the East, and countries in Asia and Europe, such as: NYSE, LSE, TSE, SSE, HKEx, Euronext, TSX, SZSE, FWB, SIX, ASX, KRX, NASDAQ, JSE, Bolsa de Madrid, TWSE, BM&F/B3, MOEX and many others!
Commodity prices In real-time, you can track prices for gold, silver, oil, natural gas, cotton, sugar, wheat, corn, and many other products.
Global indices Track major indices of the world stock market in real-time: ■ North and South America: Dow Jones, S&P 500, NYSE, NASDAQ Composite, SmallCap 2000, NASDAQ 100, Merval, Bovespa, RUSSELL 2000, IPC, IPSA; ■ Europe: CAC 40, FTSE MIB, IBEX 35, ATX, BEL 20, DAX, BSE Sofia, PX, РТС, ММВБ (MOEX); ■ Asian-Pacific Ocean Regions: NIKKEI 225, SENSEX, NIFTY, SHANGHAI COMPOSITE, S&P/ASX 200, HANG SENG, KOSPI, KLCI, NZSE 50; ■ Africa: Kenya NSE 20, Semdex, Moroccan All Shares, South Africa 40; and ■ Middle East: EGX 30, Amman SE General, Kuwait Main, TA 25.
Cryptocurrency Get the opportunity to compare prices from leading cryptocurrency exchanges, such as HitBTC, Binance, BitBay, Coinbase, Mercado Gemini, Kraken, Huobi, OkCoin, and many others. Get information on prices for: ■ Bitcoin (BTC), Litecoin (LTC), Ripple (XRP); ■ Ethereum ( ETH), Ethereum Classic (ETC), IOTA; ■ Dogecoin (DOGE), USD Coin (USDC), Tron (TRX); ■ Stellar (XLM), Tether (USDT), Cardano (ADA); ■ Monero (XMR), ZCash (ZEC), Dash.
Playstore Link: https://play.google.com/store/apps/details?id=com.tradingview.tradingviewapp
Mod Features: Additional indicators available in pro version of this app
submitted by shinigamidoge to moddedandroidapps [link] [comments]

New rule! Also are cryptocurrencies an investment, will there be a crash? Everything answered here!

This is going to be the only crypto post for now and an announcement:
Rule 6: Bitcoins & cryptocurrenies should be discussed in CryptoCurrency. Posts regarding this topic will be automatically removed.
If there's a stock correlated with cryptocurrencies, like coinbase going IPO, then that's fine, you might have to message the mods after posting to have it approved, no big deal.
Also if you're questioning whether something is an investment or not, just search for it on personalfinance. For general currency trading strategies, see forex .
If you're wondering if bitcoins are an investment or if there will be a crash, read on.

Are cryptocurrencies an investment?

This post is going to deal with bitcoins & cryptocurrencies as an investment... they're more speculative. All currencies are speculative mostly due to how the forex market works, but more because of exchange rates between countries keep currencies balanced (including inflation, country debt, interest rates, political & economic stability, etc), so you can only profit in price fluctuations.
Sure you could buy the currency of a depressed country, like Mexico decades ago, and then hold in the hopes it'll go up (which it did for Mexico), but that's also speculation (no one knew Mexico would pay off so much debt).
Bitcoins are also affected by other countries' currency values, but more so by the future expectation of legitimacy, world wide adoption, limited gains from mining, and eventual limit in supply. But at any given moment the United States could pay off more debt, raise interest rates to reduce inflation (or cause deflation), grow GDP, or even reduce the supply of USD all of which would increase the value of USD (keep in mind bitcoins can't do any of these things).
Far too many people are treating cryptocoins as an investment because currently (June 5th 2017) a lot of crypto investors are worth a lot of money, god bless you people, so this post will also help you determine if we're headed for a crypto crash and maybe you can keep those profits.

Should I invest in cryptocurrencies?

Understand that an investment is something you hope will go up in the future or provide income, both of which for the long term vs speculation which profits on short term inefficiencies.
Speculative securities are typically commodities, options, bonds, and currencies, but also stocks that are volatile enough to give you extreme returns or extreme loses.

Examples of investments:

Examples of speculation:

Reducing the risk of speculation

Typically for speculation you reduce risk by reducing your trade size and timeframe, but since you're trying to invest into something that is speculative, you can try:
Asset allocation, a strategy that reduces risk.. If you're 80% stocks, 15% bonds, 4% gold, and 1% bitcoins, if something were to happen to bitcoins, you still have 99% of your money.
But even very aggressive long term portfolios leave speculation out completely and just go 100% stocks because stocks benefit from growth while speculative securities like gold benefit from global turmoil in the short term. Only mid risk & mid term portfolios can take advantage of gold's speculative returns.
I also mention asset allocation because many crypto investors have been using this strategy on a portfolio of 100% crypto coins, but that doesn't help you reduce the overall risk of crypto coins, you're just reducing the risk of 1 speculative asset with another speculative asset. 100% crypto portfolio would face the same risks such as being made illegal, IRS aggressively hunting down crypto profits, a drop in correlated coin markets, or just a loss of popularity would all cause a sell off. Even the USD or Chinese currencies becoming more valuable would reduce the value of crypto coins.

Should I buy coins right now?

Cryptocoins are a better investment after a period of consolidation when volatility has stabilized:

Bitcoin 2013/2014 speculation, chart

Bitcoin 2015 consolidation, chart

Source Bitstamp exchange, while the volume is #2 to GDAX, Bitstamp is better to look at for historical price/data, more charts here.

RSI & MACD key for above charts and primer

Analyzing overbought signals

So the first chart above have RSI & MACD screaming that bitcoin is overbought and you shouldn't invest in 2013/2014.
The black squares in the 2nd chart show consolidation and reduced volatility, a "better" time to invest. If you were trading short term, it would be a whole different story, and there would be opportunities to buy & short, but since this is written for investing, the small overbought signals are ignored, so if you were to buy Bitcoin at $300 inside the first blacksquare (2nd chart) and then it suddenly drops to 25%, it's okay because the volatility is much lower compared to previous price movements (nothing compared to 80% loss in the 1st chart). Any investor would tell you a 25% drop is terrible, but bitcoins are speculative and that kind of drop is pretty damn good for this level of volatility.

Nothing goes straight up forever

and anything that comes near this vertical incline will eventually lose 80% to near 100%, always happens, it's usually preceded by emotions (price euphoria), attention, and increased volume, all classic signs that something is becoming riskier.
Other speculative securities gaining multiples and then losing 80% to near 100% of value:

Notable comments on reddit:

*This is just to get you guys looking at different subs on this topic, and yeah it's mostly anti-crypto, but don't let that discourage you.

Is Bitcoin going to crash?

Maybe, the signals are getting louder, you tell me: The only chart you wanted to see this entire time.
So based on the above chart, is bitcoin overbought? MACD levels are the same as 2013's crash, but the increased in value is around 4.3x or 2.4x (depending on which you look at), so maybe we'll see another spike before a crash, I don't know, it's up to interpretation right now. There's the emotional price levels of 3000 and 4000 that we might have no problem getting to in an overbought environment before a correction. And how big will the correction be? I think 80%, but it very well could be around 50% down to $1200, the previous level of resistance which would become support.
I put everything above in its own wiki here.
Well I hope that helps everyone. Sorry to anyone that may feel butthurt on classifying cryptocoins as speculation, I hope you understand the facts. Feel free to argue or agree with this. If I made any mistakes and you point them out, I'll correct them and give you credit for it in an update to this post and the wiki.
Also the automod will is just going to blanket remove posts (not comments) with the following keywords {crypto, bitcoin, btc, etherium, altcoin} (see update 4 below) (this will eventually get relaxed if Coinbase ever IPOs) and then it'll send the user this message:
"Sorry your post[link] was removed in stocks because of rule 6: Bitcoins & cryptocurrenies should be discussed in CryptoCurrency. You can find more information in our are-cryptocurrencies-investments wiki. If you're trying to discuss a non-OTC stock related to cryptocoins like Coinbase IPO, or this was just a mistake, message the mods and they'll approve your post, thanks."
Update: Created wiki, added relevant websites and sub reddits. Also turned on automod reply.
Update2: those relavant websites and subreddits I put into the wiki, thanks u/dross99 for recommending ethereum

Relevant websites/wikis

Relevant subreddits

  • CryptoCurrency - main sub to learn about all bit & altcoins
  • ethtrader - trading eth
  • ethereum - for more eth information
  • btc - the place to have bitcoin discussions or r/CryptoCurrency; while Bitcoin does have a lot of information on Bitcoins in general, you'll find many reddit subs completely opposed to Bitcoin for heavy censorship of discussions, especially those critical of bitcoins, so you're better off reading the sub's wikis and discussing bitcoins in btc & r/CryptoCurrency
  • personalfinance
Update3: Shoutout to the mods on CryptoCurrency
Update4: Updated auto mod keywords, it's not a blanket catch all, a little completed to understand if you don't know regex but it looks like this
"crypto ?(trading|investing)","(should(| I)|could(| I)|can(| I)|how to|is it worth) (buy|sell|mine|min)(|ing) (btc|btcs|bitcoin|ether|etherium|eth|litecoin|ripple|altcoin)" 
submitted by provoko to stocks [link] [comments]

🔍 #OilMarket - 02-08-2019

🔍 #OilMarket - 02-08-2019
🔰 After a decent upward move, crude oil price failed to gain momentum above the $58.80 level against the #US Dollar. The price topped near the $58.79 level and recently declined heavily.
🔰 It broke the $58.00 and $57.50 support levels to enter a bearish zone. Moreover, there was a break below a connecting bullish trend line on the hourly chart, $57.00, and the 50 hourly simple moving average.
#TechnicalAnalysis #Oil #USD #Forex #FXFriday


https://preview.redd.it/vb3viu6g6zd31.png?width=600&format=png&auto=webp&s=4b63d12ea16f0ae397d54fb9ed7b3320401f37c2
submitted by ronykhanfx to TopAsiaFX [link] [comments]

I have a laundry list of questions and thoughts. I'm just going to brain dump here. Feel free to engage!

I've been interested in markets for what feels like forever now but never had the capital or time to properly invest in training, studying and practicing.
That window might be coming and I want to get a better understanding of some things.
For starters, I would be trading part time-ish. What I mean by that is I will have access to my charts and account via web based platforms from the office all day - but the degree of which I'm tuned into it will vary through the day. (How to make a boring job less boring.)
With that said, the requirements of what type of market trading I get involved with will depend on the flexibility of it's platform offerings. (as in a quality web platform as well as mobile).
Some questions:
I'm interested in Forex (or micro forex futures given my small bankroll), commodities (gold, silver, oil, etc) or trading S&P 500 e-mini futures (as I've read too much material now about how fantastic they are as a first trading vehicle to newbies). Of the two, which generally have brokers that have better mobile and web based trading applications? I won't be able to set up a space ship of a desk space with Metatrader and 50 graphs of stuff and a face tanning wall of monitors. I'll be browser based with dual-display monitors and on iOS. (Hell, if I could trade all day reliably from an iPad I would 100% do that instead)
My initial capital I plan to start with would be roughly $2,000 CAD. Nothing wild. I'd be calling it "tuition" while I learned. (after I come off paper trading of course) My goal at that point would be a) learning b) practicing and executing a trading strategy and c) growing my bankroll
I'm a huge advocate for depth over breadth so if I went the forex route, I would very likely only commit to one currency pair and become intimately familiar with it. I don't think I have the dna to be a multi-chart multi-pair type of person. The only for sure things I know is it would either be the big pair EUUSD or the more familiar USD/CAD as I'm in Canada, on a border city and am knee deep in news on both fronts.
I really don't know which of the three paths I should really go into. Part of my decision making process will be what kind of training and education material is available for them.
Here's all I really know about that so far:
So if we were friends, and we were having a beer somewhere and I was spitballing all of these thoughts, what would you reply with?
What market should I consider the most? Where's the best place to learn about it? Where can I find, learn, or study a strategy that's reliable but not too high risk? What brokers of that market take canadian accounts and have robust browser based platforms and equally good iOS apps? Can someone actually trade successfully, reliably and comfortably from an iPad if they were so inclined?
Thanks so much.
submitted by gulsadei to Daytrading [link] [comments]

An analysis of the Japanese Yen, and key drivers of currency.

I've been seeing interesting moves in the macroeconomic markets, especially when it comes to Japan. They're a fun case study, read up on abenomics, their NIRP, aging population, etc...there's a deep rabbit hole you can get in when it comes to global markets.
I've heard people bitching about the currency market not making sense after Japan adopts NIRP yet the Yen is appreciating. Boo fucking hoo. Interest rates aren't the only driver of currency. In order to understand what's going on with the Yen, you should be paying attention to a few things:
a. monetary policy: typically higher interest rates means currency appreciation. More printing means depreciation.
b. trade balance: more demand (i.e. increasing positive net exports) means currency appreciation. Japanese net exports have been on a sharp rise since 2014 shifting from a net negative to net positive exporter.
c. GDP: there a positive correlation between rising GDP and currency appreciation. As aggregate demand goes up, currencies rise. If you know anything about economics, I just said the same thing twice. Japanese GDP has seen many ups and downs since the mid-90s amid growing global GDP, but generally flat.
d. debt: this really comes into play when a country is neck deep in shit and defaults on their bonds. Not a huge influence for developed countries IMO. It should be pointed out that Japan has a very high debt-to-gdp ratio. Holy fuck batman 229%?
e. other countries: what's happening with inflation? Let's take the U.S. for example. The fed believes that gradual rate hikes will be prudent. This, as we know, should cause the USD to appreciate, holding all else equal. One effect rising interest rates creates is that it will result in higher inflation. Now, this is where I get to the relationship between inflation and currency. If international inflation is high relative to domestic inflation, this will have an appreciating influence on domestic interest exchange rates. Among other factors, this is because goods in Japan are cheaper relative to goods in the USA. If the USA and Japan were the only two countries in the world, if the US is creating a rise in inflation, and Japan is creating a drop in inflation , this means, holding everything equal, the Yen appreciates. While simplistic, it helps illustrate a very complex relationship. There are many countries in the world, with different rates of inflation. I think a lot of countries can be treated as "noise" when trading pairs or inferring moves in equity markets from implications in the forex market. Key currencies are the USD, Yen, EUR, GBP, China, etc. When I model currencies, I look at the size of an economy as well. So inflation in the USA and China (which are both rising) will have a greater influence than in South Africa, for example.
So how do you YOLO this shit?
First of all, I'm not going to tell you what to buy or sell. That's up to you. But consider this. Knowing what you know now, before making a trade decision, think to yourself: how do moves in the ForEx market influence equities, bonds, etc.? What do you think Abe will do next? What about the rest of the world? What are the big banks and market makers doing? Here's a chart of the USD/YEN with some key fib levels at a Q311 low to a Q116 high. Once you formulate a good hypothesis go ahead and smash that buy/sell button.
Oh, and one more thing...
Go fuck yourselves.
submitted by ComicalEconomical to wallstreetbets [link] [comments]

The sanctions paradox, With Russia's energy exports denominated in USD and their state budget in RUB help me understand how sanctions are really going to have any effect on their government reddit.

I do a bit of forex trading in my spare time as a hobby and after trying to figure out have we hit the bottom on the rouble yet I was left thinking things can't really get to bad for the Russian state budget and it's really only their citizens that are going to be left feeling the pinch, Just hear me out and fell free to correct my thesis.
So anyway Russia typically prices it's oil and gas contracts in USD thanks to the current "petrodollar" standard in energy contracts. The vast majority of their income comes through energy exports and they get paid in USD.
They can now get 46 roubles for every dollar of oil sold compared to this time last year as a result of the 36% year on year decline in the value of RUB vs USD which means their many of their obligations and public sector wages also declined 36%.
In other words this is going to screw ordinary Russian worker but the declining rouble is going to have little to no effect on the Russian government's ability to balance the books and ironically makes it easier for them to pay pensions/benefits/public sector wages
Now the one thing that is going to hurt them in the short term is the decline in oil prices since 40% of their exports are crude oil but Russia has been running a huge trade surplus in recent years and even with sanctions and lower oil prices this continues to be the case presently.
Oct 10, 2014
Russia’s trade surplus widened in August as President Vladimir Putin banned food imports from the U.S. and some of its allies.
The surplus was $15.8 billion, up 12 percent from a year earlier, the central bank in Moscow said today on its website. The median estimate of 15 economists surveyed by Bloomberg was $16.1 billion. Imports decreased 12 percent to $25.1 billion and exports fell 3.7 percent to $40.9 billion.
Thing is when it comes to a trade war cash is king and Russia seems to have no problem covering it's obligations as regards imports. Compare that to Ukraine on the other hand who's declining currency and increasing trade defect mean it needs foreign aid just to pay for the day to day goods it's importing.
In short I cant find any credible economic threat that the west poses to Russia that doesn't come back to bite them in the ass themselves, lower oil prices are going to have a blowback effect on Us shale and Canadian tar sands production of which many require $80 a barrel prices just to be profitable.
Anyway I hope you appreciate my analysis, I did this mainly for myself as I opened a short position on the rouble back in March when the central bank was still intervening to support the price but now that it's stopped and the rouble has been allowed to float I'm pretty much going to close my position unless there is something I'm seriously overlooking here.
Sources:
http://www.tradingeconomics.com/russia/balance-of-trade http://www.bloomberg.com/quote/USDRUB:CUchart http://www.bloomberg.com/news/2014-10-10/russia-august-trade-surplus-rises-as-imports-decline-on-food-ban.html
submitted by Ididpotato to UkrainianConflict [link] [comments]

Weekend discussion: The stock correction and it's ramifications for Forex

Well, here we are. A long, long overdue correction took place this week. This started over 3 weeks ago as the DJIA began to run out of steam and accomplished the much feared "Death Cross"{chart is over 2 weeks old}; market analysts started coming out and stating that we were way overdue for a correction, that we had spent too long on an up trend. S&P 500 45 months bullish, when it usually has an ~ 10% correction every 26 months.
So - I want to hear from all of you:
Let us get some analysis on the Majors:
The floor is yours, pony up.
submitted by El_Huachinango to Forex [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestmentBanking123 [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestCrypto [link] [comments]

Short USD Trades and Long Yen Trades from here on

Hey all… Long-time forex subscriber. This is my first trade idea post (I think?), so please be kind.
Anyways, I’ve noticed a massive drop in $DXY (1 hour chart) and think we are at a turning point with respect to USD trades.
https://www.tradingview.com/x/RbY1ZpWm/
Since the fall, the retrace has occurred and I think the bulls have had it for now and that the bears are ready to sell.
Also, JPY value across multiple pairs has also started to increase, signifying risk off mode in the market.
I am currently in a few JPY trades and am looking for short USD over the next few days. (Proof: http://imgur.com/2vLwbFb)
Although I have no short USD trades open, I’m looking at long EUUSD and AUD/USD, as well as short USD/CAD.
I really like the look of a short USD/CAD trade as at some point, oil has to pick up… It’s just a matter of when???
Good Luck, Happy Trading
submitted by RedditAussie to Forex [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestFeed [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestInme [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestInIdeas [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to investing_discussion [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to Investing101 [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to STOCKMARKETNEWS [link] [comments]

Questions about Ichimoku Clouds

I've been reading this week a lot about Ichimoku clouds. I am incredibly new to the Forex world, but I cannot seem to find anyone really using this outside of Japan.
From what I can tell at a quick glance is that it seems to capture a lot of the price movements. For example, in the USD/RUB charts you can see the moving averages cross about July 14th high above the cloud. It looks like if you bought in on the next price breakout on the 17th you would have caught the USD gain on the Ruble. I know the Ruble's fall is mostly due to oil prices and geopolitics right now, so I am also looking at GBP/USD at the beginning of this year. The averages cross in mid-February, catching the fall, and then releasing at the end of May before it recovers. Am I wrong in this, and, if so, how?
This is the reading I've been using
TL;DR:
Two questions regarding Ichimoku clouds:
Thanks for the help!
submitted by drunk_journalist to investing [link] [comments]

HOW TO TRADE OIL & READ A CHART === Small forex account ... How to Compare Two Charts at Once (Forex Correlation ... Trade Forex USD/CAD OIL this week and make $$$ - YouTube Forex Strategy: How to Trade Oil (Brent Crude & WTI/USD ... Weekly Trade Levels for EUR/USD, NZD/USD, USD/CAD, Gold, Oil & More Oil Technical Analysis for May 11, 2020 by FXEmpire How & Why Oil Impacts The Canadian Dollar ️ Weekly Trade Levels: US Dollar, EUR/USD, USD/CAD, Oil, Gold & SPX Stock Market and Commodity Outlook: Dow Jones, Oil Charts & More If OIL is up, why does USDCAD go down? Understanding Forex ...

About USDCAD. Two neighbouriing countries, so naturally there's a lot of volume trades between the USDCAD forex pair. This chart shows the live rate and allows you to do technical analysis over historical data in addition to the live feed. Hier finden Sie die Ölpreisentwicklung im langfristigen Ölpreischart in Dollar Forex prices are delayed 10 minutes, per exchange rules, and trade times are listed in CST. Individual pages for the major rates show a Heat Map at the top (prices quoted against the US Dollar) with the latest prices shown below. Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.21% 🇨🇭CHF: 0.02% 🇬🇧GBP: -0.03% 🇦🇺AUD: -0.08% 🇨🇦CAD ... View live CFDs on Crude Oil (WTI) chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. TradingView . EN. TradingView. Sign In. Ticker Trading Ideas Educational Ideas Scripts People. Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Dark color theme Sign Out ... Check our updated for Oil News including real time updates, technical analysis and the economic latest events from the best source of Forex News. Check it out in the chart below: Crude Oil vs. USD/CAD Inverted. So, the next time you gas up your car and see that oil prices are rising, you can use this information to your advantage! It may be a clue for you to go short on USD/CAD! Some forex brokers allow you to trade gold, oil, and other commodities. There, you can readily pull up their charts using their platforms. You can also monitor ... CRUDE OIL PRICE CHART WITH USD/CAD OVERLAID: DAILY TIME FRAME (11 JUN TO 09 NOV 2020) Chart by @RichDvorakFX created using TradingView. Generally speaking, there is a strong positive relationship ... Crude oil is quoted in U.S. dollars (USD). So, each uptick and downtick in the dollar or in the price of the commodity generates an immediate realignment between the greenback and numerous forex ... View live Crude Oil chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well.

[index] [12051] [18540] [3329] [5140] [18057] [4034] [24174] [22122] [1290] [29658]

HOW TO TRADE OIL & READ A CHART === Small forex account ...

If you're interested in learning more about Forex trading, register for one of our free workshops: http://bit.ly/TradersTV In this episode of TradersTV, Jita... Crude oil markets went back and forth during the trading session yet again on Friday, and as we are sitting at the 50 day EMA, it is likely that the market w... Millions of traders from around the world seek out DailyFX for up-to-date forex alerts, news and analysis. Think of us as your trading friends that have access to institutional level research ... Millions of traders from around the world seek out DailyFX for up-to-date forex alerts, news and analysis. Think of us as your trading friends that have access to institutional level research ... Continuing the small account , today I have a look at the oil chart and explain why I took the trade 🖐 Want to help support the channel & the time I put into... Millions of traders from around the world seek out DailyFX for up-to-date forex alerts, news and analysis. Think of us as your trading friends that have access to institutional level research ... Forex trading is risky please be aware and do not try this at home if you can’t afford to lose your money. #forex #forexlifestyle #forextrader Want to join the A1 Trading Team? See trades taken by our top trading analysts, join our live trading chatroom, and acces... How Oil Moves with USD/CAD Canada exports 3 million barrels of oil and other petroleum products to the USA per day. That is going to effect the USD/CAD cross in particular the Canadian Dollar. Get more tips: http://www.tradingheroes.com/blog/ The economies of certain countries are highly correlated to commodity markets. For example, the Canadian ec...

http://arab-binary-option.pultepardingtifind.tk