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  1. Welcome to Traders Laboratory

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  • Posts

    • Yeah very strange name for a broker. To add my two cents I would also vote for Hotforex very honest broker with reliable platform. Filled my orders perfectly at yesterday breakout on Gold after the Fed meeting. 
    • Date : 26th January 2022. Market update – January 26 – Central Banks Eyed. It was a wild Tuesday in the lead up to today’s FOMC decision. Both bonds and stocks closed lower as the Fed is widely expected to outline a rate hike strategy with a 25 bp liftoff in March. Exaggerated fears of a 50 bp move and perhaps a string of 4 to 5 hikes this year have dissipated, though we suspect the markets are still positioned too bearishly. We expect the policy statement and Fed Chair Powell’s press conference to be less hawkish than anticipated, hence setting the markets up for a bit of a relief rally. So far today, Bonds have struggled, stocks hit the skids again in the US session but eased in the Asia session, and FX markets have remained in a narrow range as markets wait for the FOMC and BoC. Australia was on holiday, which made for somewhat lower volumes, but it was mainly the upcoming FOMC announcement that put a lid on markets. Ukraine tensions and speculation over gas supplies to Europe in case of an escalation of tensions with Russia are weighing on sentiment. UK PM Boris Johnson now has to answer the police over “partygate”, with calls for him to resign getting louder.   USD (USDIndex 96) continues incline – 3rd day above 20-DMA. The 10-year Treasury rate is up 0.4 bp at 1.773%. The 10-year JGB rate is also slightly higher, but the 2-year paper found buyers as the BoJ summary shows commitment to loose policy. – The bank’s stance focused on providing stimulus to reach the 2% inflation goal. Treasury’s $55 bln 5-year auction was super strong. Equities – The USA100’s -3.18% drop paced the weakness, followed by a -2.8% loss on the USA500 and a -2.3% decline on the USA30. Today, Topix and Nikkei corrected -0.25% and -0.44%, GER40 and UK100 futures are up 0.66% and 0.84% respectively, while the Euro Stoxx 50 is 0.7% higher. Earnings: General Electric, beat on earnings, but missed on revenue, which weighed heavily while American Express provided upside support on solid earnings led by record credit card spending. Microsoft beats expectations with $18.8bn profit. Central banks clearly are getting nervous about the risk of second round effects, but the IMF’s growth downgrades yesterday also highlighted the risks from slowing momentum in China and virus developments. USOil – up to $84.60 – API data shows US crude stocks fall,Biden threatens sanctions on Putin over any invasion, markets await Fed update, US approves oil exchange from strategic reserve. Yemen’s Iran-aligned Houthi movement launched a missile attack on a United Arab Emirates base hosting the US military. Gold – down to $1844 from $1854. Bitcoin at $37,000 handle. FX markets – USDJPY steady at 113.95. EURUSD at 1.1295 & Cable at 1.3500. European Open – Bund futures are under pressure, while US futures are moving higher, while in cash markets, the German 10-year Bund yield has lifted 0.4 bp to -0.08%. BTPs are supported though and spreads are coming in. Today – Along with today’s BoC and FOMC result, the earnings calendar is heavy. Today’s slate features several biggies, including Tesla, Abbott Labs, Intel, AT&T, Boeing, Anthem, ServiceNow, ADP, Lam Research, Crown Castle, Norfolk Southern, Freeport-McMoran, Progressive, Kimberly-Clark, Amphenol, Ameriprise, Corning, Nasdaq, Hess, Teradyne, Seagate, United Rentals, Raymond James, and Teledyne. Data includes the December advance goods trade report Biggest FX Mover @ (07:30 GMT) CADCHF – Breaks 0.7300 (R1) from 0.7195 lows on Monday. Fast MAs aligned lower intraday with all momentum indicators pointing further higher. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • One danger of having a large social media following is that your account gets poached. It’s happened a dozen times to me, on every platform. Fake Jeffrey Tuckers have routinely popped up on Twitter and Facebook. I have to waste time getting the accounts disabled.   A particularly bad platform for fakes is Instagram. I’ve racked up quite a number of followers there, even though I rarely use it. That makes me a target. Someone can easily set up an account with my image and name, just using a slight variation, and then they can contact the people who follow me. They can block my own account so that I never know they exist.   This happened to me at some point last fall. I knew nothing about it. I rarely check in to that account, so when I did I found dozens of notes to me saying that they would like to follow up on my Bitcoin investment idea.   Ripoff!   Huh? I would never private message anyone with an investment idea. That’s completely nuts, and probably comes close to illegality. I would never do it. Utterly crazy. Why did people believe that I would? A certain degree of gullibility I suppose.   In any case, after months of exasperation with this nonsense I finally did what I should have done in the first place. I reported the fake account with proof that I am who I am and not the guy who is pretending to be me. After a week or so, they finally got rid of the fake. Good.   In the meantime, I do wonder how many people got scammed in my name. I do not know. What I find incredible is that anyone would go for it. And yet smart people do. They find someone they trust — not knowing it is a fake — and go for the promise of high earnings.   I do not know the nature of the scam, but I’m guessing that it followed the usual path. Send Bitcoins right away. They will be invested with people who need money. These investments will pay big returns. Then the company will send back my crypto with lots of new earnings.   I’m rich!   It never works. What happens is that you send your crypto to someone and they disappear. There is absolutely no legal way to get the money back. As I’ve explained repeatedly, the glory and the danger of crypto is the speed of settlement. When you move coins from your wallet to someone else’s wallet, the property is transferred. Period. You cannot get it back. In this way, crypto is very different from a trust-based system like banks and credit cards. The property moves without an intermediary (unless you are using an exchange).   Rules for Scam Avoidance   It seems more than obvious. I shouldn’t have to say it. But given the number of people who bought into this, I will say it. Never ever engage with anyone on social media concerning some crypto investment idea. It is a guaranteed scam. Even if you think you know the person. Do not answer and do not bite. Do not denounce the person. Just apply an immediate block or simply ignore it. Period. No exceptions.   That’s the first rule of avoiding scams.   There are others. I went to my old friend, a trusted source of all such matters, a man who runs TheBitcoinConsultancy, and a brilliant observer of the industry, and he offered a valuable look at some other tips for avoiding rackets. He puts this in the form of 5 solid questions to ask before getting involved.   1: Does this project have a legitimate profit model? There are plenty of ways to make money in crypto: mining, lending, holding, and trading. There are many illegitimate ways and they are rather obvious if you look carefully at them. Any legitimate Centralized Finance (CeFi) company will disclose its business model. A Decentralized Finance company will too but they are not as easy to check, and this is by design. But you should be able to verify its legitimacy with a white paper and other sources online that verify opportunities.   2: Is this project feasible and sustainable? My friend gives the example of many tokens out there that are designed for particular niches, such as buying prescriptions online or gaming. If the project is too niche, it has no possibility of scaling. It is very likely a pump and dump, just something to arouse naive interest before the coin disappears. It seems amazing to me that people are still falling for such nonsense, but that’s where we are.   3: Does this project have independent verification or third-party certification? There are very few legal ways in which crypto companies are allowed to trade your money. They must be registered if they do so, and this is an arduous process. Very few companies end up jumping through all the regulatory hoops. You can verify this with FINRA, SIPC, or the SEC. These companies are simply not allowed to advertise their services, via instant messaging or pushes on social media. No hedge fund is allowed to do that. If someone is, it is likely a scam. In addition, the crypto industry itself has its own verifications at Rugdoc.io   4: Can you independently verify this token or platform? Always check new tokens with coinmarketcap or some other services that watch crypto prices. If the token is not listed or cannot be verified, run away. There are no exceptions to this rule.   5: Check out the management structure. Any legitimate company will include the names of its officers and they should be judged according to their professional reputations. Many people in this industry have ruined their reputations by getting involved, however accidentally, in companies that are not legitimate. Their names are now mud. That sounds cruel but that’s the way it is .   My friend has looked at more than 2,000 cases of crypto scams and finds that 95% have these common problems. They offer “unrealistic returns, high-pressure tactics, sales pitches via messaging platforms, no mention of fees, and lack of reputation.” If you can avoid those problems, you will avoid most rackets in this industry.   It sounds boring, but the best and safest way to earn money in this world is not by leaping on the latest fad, much less buying some non-fungible token in the art world. The best path is to buy and hold. Nothing more to it than that. There are fancy things you can do later but avoiding rackets and scams is priority number one. Jeffrey Tucker For Altucher Confidential: https://altucherconfidential.com/   Profits from games of knowledge: https://www.predictmag.com/ 
    • CARDANO PRICE EXPOSES TO $0.98 SUPPORT LEVEL ADA Price Analysis – January 25 When the sellers increase their momentum to push down price below $0.98, the support level of $0.83 and $0.73 may be tested. In case the Support level of $0.98 holds, the buyers may push up the price towards $1.11, $1.30 and $1.46 levels. ADA/USD Market Key Levels: Resistance levels: $1.11, $1.30, $1.46 Support levels: $0.98, $0.83, $0.73 ADA/USD Long-term Trend: Bearish Cardano is bearish on daily chart. Buyers and sellers are struggling over the crypto. The sellers are trying to overpower the buyers. Former support level of $1.30 and $1.11 has been penetrated downside by the sellers and the price exposes to $0.98 support level. There is tendency for the price to decline further if the sellers maintain their pressure. ADAUSD Daily chart, January 25 Cardano has crossed the two EMAs downside, currently trading below the 9 periods EMA and 21 periods EMA at distance which indicate a bearish movement. When the sellers increase their momentum to push down price below $0.98, the support level of $0.83 and $0.73 may be tested. In case the Support level of $0.98 holds, the buyers may push up the price towards $1.11, $1.30 and $1.46 levels. The relative Strength Index period 14 is at 40 levels with the signal line pointing downside which indicates sell signal. ADA/USD Medium-term Trend: Bearish Cardano is on the bearish movement on 4-hour chart. The bullish movement could not continue when the buyers pushed up Cardano to test the resistance level at $1.64. The bears reacted against the price increase with the formation of bearish engulfing candle. The price started decreasing and the support level of $1.30 is broken downside. Further price decrease envisaged as the price is below the two dynamic resistance levels. ADAUSD 4-hour chart, January 25 The price is trading below the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 40 levels and the signal line pointing down to indicate sell signal. Source: https://learn2.trade 
    • SOLANA REACHES OVERSOLD REGION AS THE ALTCOIN MAKES DEEPER CORRECTION Solana has fallen to the low of $87 SOL/USD has reached the oversold region Solana (SOL) Current Statistics The current price: $90.94 Market Capitalization: $46,528,296,188 Trading Volume: $4,555,783,625 Major supply zones: $280, $300, $320 Major demand zones: $160, $140, $120 Solana (SOL) Price Analysis January 24, 2022 Solana’s (SOL) price has fallen significantly to the low of $87 as the altcoin makes deeper correction. The crypto’s price corrected upward but faces resistance at $104. If the crypto is facing resistance at $104, it implies that the selling pressure will resume to the downside. Presently, the altcoin is fluctuating between $80 and $104 price levels. The crypto will resume trending when the range-bound levels are breached. For instance, if the bears break below the $80, the market will decline to $68 low. SOL/USD – Daily Chart Solana (SOL) Technical Indicators Reading Solana is at level 23 of the Relative Strength Index for period 14. The cryptocurrency is seriously in the oversold region. This is an indication that the current downtrend has reached bearish exhaustion. SOL/USD is below the 20% range of the daily stochastic. It indicates that the market has reached the oversold region of the market. Since December 29, the altcoin has been trading in the oversold region of the market. The 21-day SMA and 50-day SMA are sloping downward indicating the downtrend. Conclusion Solana is in a downward move as the altcoin makes deeper correction.. The current price action and Fibonacci tool analysis are closely related. The cryptocurrency has reached the oversold region and there is a possibility of price reversal. Meanwhile, on December 14 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Solana will fall to level 1.618 Fibonacci extensions or $79.34. SOL/USD – Daily Chart     Source: https://learn2.trade 
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