Tag Archive for: trading
Bitcoin Technical Analysis: A Closer Look at Price Patterns/in Harmonics Analysis, Technical Analysis /by Stelios
We seek to understand the likely future direction of BTC and pinpoint significant support and resistance levels by analyzing a variety of price patterns.
Navigating Gold’s Price Dynamics: Insights into Daily Support and Positioning Strategies/in Harmonics Analysis, Technical Analysis /by Stelios
I examine the current status of the gold market and project possible price changes using technical tools.
$URA Technical Analysis: A Flag Pattern, Fractal Support/Resistance and Eventual Harmonic Patterns/in Harmonics Analysis, Technical Analysis /by Stelios
The URA (Global X Uranium ETF) is an exchange-traded fund that monitors the performance of uranium businesses.
What’s the best trade for the US debt debacle?/in General, Technical Analysis /by Ryan Littlestone
The US debt ceiling talks are in full flow so we take a look at how best to trade it
I’ve been thinking about which asset might be easiest to trade the US debt situation and I’m coming around to the conclusion that perhaps gold is the cleanest counter trade.
It’s good for trading both sides, the arguments and the resolution, because we’re close to a key level.
We’ve got a potential massive triple top, and the driver of this latest rally is part of the market’s worry about whether the US will be defaulting in June. The fact we haven’t broken the 2075 level suggests the market is happy with its current pricing. Then we have the fact the players are beginning to get around a table is a positive note, even if that means days and days of posturing until the 11th hour. The record of 78 ‘can kicks’ of the debt drama in the last 70 years would favour yet another one but it’s the small risk of default that causing the market to worry.
The reason why gold might be the best option is partly down to the techs. If 2075 is the ceiling for risk pricing, a resolution will mark it as another significant top. If we do head into a default situation, the level will likely break. Therefore we have simple trades. 1 level, two ways of trading it.
I’m going to be looking at shorts into the level but with a buy reverse on a break. If we do get a break, it’s likely because of big negative news and will likely have some legs. After that I can look to the clock to gauge when to perhaps turn that to a short on a debt agreement. Conversely, if it doesn’t break but I’m short ino the level anyway, an agreement will likely give me a decent move down.
In all aspects, there’s no need to put much risk into the trade. Today’s US CPI might kick it up and through, and so maybe only a $15/20 stop is needed if that move is just a data move that reverses after.
At the end of the day, I love trades that have one clearly defined level to balance trades off of. It’s looks clean and that makes it easier to trade. Well, until the market decides to mess it all up that is..
All that remains now is timing. Do I go small now so I’ve got skin in the game, or do I wait for better levels and help from the data?
Analyzing the Potential Impact of CPI Data on SPX500 and DXY/in Harmonics Analysis, Technical Analysis /by Stelios
CPI y/y reflects the percentage change in consumer prices compared to the same month of the previous year.
Crude Oil Technical Analysis: Potential Bullish Alt-Bat Pattern/in Harmonics Analysis, Technical Analysis /by Stelios
In this technical analysis report, we will examine the current state of the crude oil market and identify potential bullish and bearish scenarios.
O que esperar do mercado de ações brasileiro nos próximos meses: insights do índice Bovespa/in Harmonics Analysis, Technical Analysis /by Stelios
O índice Bovespa é um indicador-chave do mercado de ações brasileiro, com uma história marcada por altos e baixos.
Gold Eyeing New Supports For a Bounce – Elliott Wave Analysis/in Elliott Wave Analysis, Technical Analysis /by Stelios
Last week, the US CPI exceeded expectations with a reading of 5.0%, resulting in a weaker US dollar (USD) at the beginning of the week.