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  1. Yesterday
  2. RichardV2

    Trading books

    This looks like a beginner question, so I'll say... Depends. Stock market studies usually focus on one of two areas; Fundamental or Technical. The fundamental trader wants to know all about the company: Who is the CEO? What does the history of company earnings look like? How does the company compare with others in the same or similar business? They often read and study the company's annual reports. The technician usually doesn't care much about the company details. If the stock price is going up, they should be a buyer. If the stock price is going down, they should be a seller. A small portion of investors believe they should know both disciplines. If you don't know which of the above are most appealing to you, ask about good books on general markets that include both fundamental and technical trading philosophies and techniques. Or ask about good fundamental books. Or ask about good technical trading books. I have about 800 texts. About 80% are technical, 20% are fundamentally inclined, so I wouldn't know what to suggest without more information from you.
  3. Renko Full Throttle PRO IndicatorNew Set is released for EURUSD 30 Min Chart: Recorded +650 Pips profit in the last year with28 total trades23 trades hit TP5 trades hit SLSuccess rate is 82%
  4. Last week
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  6. Date : 11th November 2019. Events to Look Out For Next Week 11th November 2019.Important events are coming up this week, with UK, China and US inflation and GDP releases.Monday – 11 November 2019 Gross Domestic Product (GBP, GMT 09:30) – UK growth has “slowed materially” this year due to Brexit uncertainty and global trade wars. September forecasts see GDP growth steady, while the preliminary outcome for Q3 is anticipated to slow down. Tuesday – 12 November 2019 ILO & Average Earnings Index 3m/y (GBP, GMT 09:30) – UK Earnings with the bonus-excluded figure are seen unchanged at 3.8% y/y in the three months to September. UK ILO unemployment is expected steady at 3.9%. ZEW Economic Sentiment (EUR, GMT 10:00) – Economic Sentiment for November is projected at -22.7 from the -22.8 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though is expected to decline slightly further to -32.5 from -23.5. A lower than expected outcome ties in with the stagnation in market sentiment. Wednesday – 13 November 2019 Interest Rate Decision, Monetary Policy Statement and Press Conference (NZD, GMT 01:00) – The RBNZ is widely expected to proceed with a 25 bp cut to 0.75% as it continues to ease policy amid the slowing in growth. However, it will be interesting to see whether RBNZ will signal further easing in contrast with the latest encouraging economic data. Consumer Price Index (GBP, GMT 09:30) – The UK CPI is expected to rebound to a 1.8% y/y rate in October after dipping to 1.7% in September and August from 2.1% in July. Consumer Price Index (USD, GMT 13:30) – A 0.3% October headline CPI rise is anticipated with a 0.2% core price increase, following respective September readings of flat and 0.1%. As-expected gains would result in a headline y/y increase of 1.7% for a third consecutive month, just as core prices rise 2.4% y/y for a third consecutive month. An up-tilt in y/y gains into Q1 of 2020 is expected due to harder comparisons and some lift from tariff increases that should leave gains in the 2.4% area, which may help ease concerns about persistent inflation undershoots of the Fed’s 2% objective. Powell’s 2-day Testimony (USD, GMT 16:00) – Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy. Thursday – 14 November 2019 Employment Data (AUD, GMT 00:30) – While the unemployment rate is expected to have increase at 5.3% in October, employment change is expected to have stabilized, at 15K compared to 14.7K last month. Retail Sales ex Fuel (GBP, GMT 09:30) – UK Retail Sales are expected to have dipped with a -0.9% ex-auto figure on a m/m basis. Gross Domestic Product (EUR, GMT 13:30) – Eurozone Q3 GDP growth held steady at 0.2% q/q – a better than expected report that highlighted once again that it is a mistake to reduce the Eurozone economy to the German manufacturing sector alone. The same outcome is expected on Thursday as well, at 0.2% q/q for Eurozone preliminary reading. Friday – 15 November 2019 Retail Sales (USD, GMT 14:30) – A 0.4% October gains for both the retail sales headline and the ex-auto figures have been estimated, following a -0.3% September headline dip with a -0.1% ex-auto figure. Gasoline prices should give a boost to retail activity given an estimated 4% increase for the CPI gasoline index. Unit vehicle sales should ease in October with a dip to an estimated 17.0 mln pace from 17.2 mln in September. Real consumer spending is expected to grow at a 2.6% rate in Q4, following the 2.9% Q3 clip. 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.
  7. It is really an amazing too to use, if it really works as it is shown on picture. Many strategies are always based on these high and lows.
  8. It is good to see that there are few ones who are sharing their tools for free so that many traders can have a good trade day. Good to see a nice post.
  9. EOS Begins A Gradual Rally; Can It Reach The Resistance Level At $6? Key Resistance Levels: $5, $6, $7 Key Support Levels: $3, $2,$1 EOS Price Long-term Trend: Bullish EOS is in a bullish move but it is encountering penetration at the $3.70 price level. The market pulls back and continues to trade below $3.70. EOS has made concerted efforts at the resistance so as to move up the price ladder. Previously, the bulls have successfully prevailed over the downtrend line as the coin moves up. Similarly, if the current resistance level is surmounted, the coin will move up again to either $4.60 or $5 price level. Nonetheless, if EOS fails to move up, the coin will fall and find support at $3.20. EOSUSD - Daily Chart Daily Chart Indicators Reading: The RSI period 14 levels 58 signify that EOS is falling and approaching the sideways trend zone. EOS is at the point of a bullish crossover which means that EOS may rise. The downtrend line has already been broken as the market went up. It is unlikely for the selling pressure to resume and price fall below the downtrend line. If it does price may retrace to a low of $ 3.20. EOS/USD Medium-term bias: Bullish On the 4-hour chart, the EOS fell to a low of $2.60 in September and October to resume a bullish move. In September, the market went up but was resisted and it dropped to another low at $2.60. At this low, a trend line is drawn to establish the level of price movement. The uptrend is said to be continuing if the price makes higher highs and higher lows. Nevertheless, if the market falls and breaks below the trend line, the uptrend is said to be ended. EOSUSD- 4-Hour Chart 4-hour Chart Indicators Reading EOS is below 40% of the stochastic indicator signifying that price is in a bearish momentum. The EMAs are trending upward suggesting that EOS is rising. General Outlook for EOS EOS is in a bullish market. At a low of $2.60 in September the bull market was short-lived as it was terminated at $3.20 price level. The bulls embarked on another bullish move in October but faced another resistance at $3.70 after breaking the initial resistance at $3.20. As already indicated in the price analysis, EOS may move up, if it takes care of $3.70 price level. However, on the 4-hour chart, if EOS pulls back and breaks below the trend line, the market will drop again. EOS Trade Signal Instrument: EOSUSD Order: Buy Entry price: $3.40 Stop: $2.50 Target: $6.0 Source: https://learn2.trade
  10. Tips On How Best To Handle Bitcoin Market Crashes In a scenario where the price of Bitcoin is crashing, what would be the best reactions to take? Below are a few things an investor can do to weather the storms of a market crash. Maintain a Calm State of Mind Trading Bitcoin mandates that one has a disciplined mind state, meaning that your emotions must be in check at all times. Allowing your emotions to cloud your judgment in unfavorable market conditions is never the best option and in most cases, ends in disappointment and regrets. What you should do instead is take a break, evaluate what is happening and make logical decisions. Most times, it is best to do nothing rather than taking an action that might end up going against you. Try Not to Obsess Sitting in front of your screens all day is not going to change anything happening in the markets. Spending time making analysis and plotting charts is fine, but don’t waste hours obsessing over the predicament you might be facing. It is advisable to engage yourself with something more constructive. However, if you still have to trade, select a limit order and move on to something else. Do Not Lose Focus of the Main Aim The fact that Bitcoin may be facing a crash at a time does not mean that the overall demand for Bitcoin is gone, it is usually just a temporary downturn. The crypto market possesses the most assorted investor base of any other sector, it is safe to say that the market will almost certainly bounce back. Always adhere to your trading strategy. Do not let the current situation drive you to make drastic trading decisions only for the market to turn around days later, causing you further losses or opportunities. The crypto market is an extremely erratic playing field and huge plunges and rallies are always expected. Source: https://learn2.trade
  11. Date : 08th November 2019. FX Action | 08th November 2019. EUR: Retests 50-day SMA Asset:EURUSD 1.1048 Daily bias: Ranging intraday sentiment Week’s Range: 1.1026 – 1.1058 * EURUSD has been playing a narrow range near 1.1050, above the 23-month low seen yesterday at 1.1036. The pair is showing a net loss of just over 1% from week-ago levels, coming after the surprisingly strong US jobs report of last Friday, and followed-up this week by decent non-manufacturing ISM and initial jobless claims data.A sputtering Eurozone economy has been put into relatively sharp contrast by data showing the U.S. economy to be in finer fettle than many were fearing, while the CME’s FedWatch Tool is showing market pricing to have factored in decreasing probability for a rate cut at the December FOMC, with only 5% down from 22% last week (before the October payrolls release). * Overall, EURUSD holds in a bearish outlook. EURUSD has been amid a bear trend that’s been unfolding since early 2018, from levels around 1.2500 and it is just abreath away from breaking the 50-day SMA. A close today below the latter could seen the retest of 1.1000 and 1.0970 levels. * The trend has coincided with the 10-year T-note versus 10-year Bund yield differential having narrowed from 278 bps to the current 216 bps. JPY: AUDJPY reverses gains Asset: USDJPY 75.36 Daily bias: Bearish Week’s Range: 74.73-75.80 * Narrow ranges have been seen so far today among the main currencies, which comes with a degree of uncertainty creeping back in with regard to the prospects of a “phase 1” trade deal being reached between the US and China. There are reports of fierce internal opposition among members of the Trump administration, while there is conjecture that President Trump will be emboldened by recent relatively strong U.S. data releases and the record highs on Wall Street and will be apt to take a tough stance against Beijing. This has seen Asian stock markets turn softer. * USDJPY, after scaling to a 5-month high at 109.48, has settled around 109.20-30, while has currently return northwards again. AUDJPY, which has been an outperformer amid the recent risk-on phase (showing a 7.4% gain at prevailing levels from late-August lows), has also settled lower after printing a 3-month peak yesterday. It is currently retest the midpoint of yesterday’s rally. A confirm move below the latter at the top of the ahour, along with the RSI below 50 suggest the increase of negative bias and therefore a possible retest of 74.90-74.98 ( 61.8% Fib and 200-period SMA) or even lower at the S1 of the day, i.e. 74.73. The strengthening of negative bias is also presented by the lower Bollinger bands which are extending southwards. CAD: Remains buoyant Spot: USDCAD 1.3171 Weekly bias: Bearish Week’s Range: 1.3118 – 1.3230 USDCAD has remained buoyant after posting a 9-day high yesterday at 1.3197. The high has come with the US 10-year over Canadian 10-year yield spread having been trending wider, overall, over the last three weeks, rising from about 19 bp to 29 bp, which has offset a moderate rise in oil prices over this period (oil prices have been trending sideways, within about a $13 range, over the last five months). USDCAD USDCAD earlier in the week printed a 1-week low at 1.3015 before rebounding. Taking a couple of steps back, USDCAD is near to the midpoint of the range that’s been seen over the last 4-plus years, and there presently doesn’t look to be much potential for this pattern to break. The focus today falls on Canada’s October employment report. From the technical perspective, the asset has broke a significant Resistance level at 1.3195, which represents the 50-day EMA and the 6 day’s high. This along with the positive configuration of RSI suggest that we could seen further upside for the day. ENxt Resistance levels are at 1.3213 and 1.3230 (200-day EMA). Support is at the PP and the low of the day , i.e 1.3170-1.3176. 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.
  12. Date : 7th November 2019. BoE seen on hold – Not interfering with politics 7th November 2019.The BoE’s Monetary Policy Committee announces the outcome of this week’s meeting today. The strong consensus is for no change, which would leave the repo rate at 0.75% and QE totals unchanged, though there is a chance that we’ll see dovish dissent amid the ranks of the nine-member committee, with members Saunders and Vlieghe having recently voiced concern about the damage that Brexit uncertainty is doing.Most members look be preferring to remain on hold into the December general election. Both of the principal parties in the UK, the Conservatives and Labour, are pledging fiscal spending if they are elected, which won’t have gone unnoticed at the MPC.The BoE will also release its quarterly Inflation Report, which isn’t expected to show much change to existing projections, although it is clear that the prolonged uncertainty is increasingly damaging the outlook and has already led to a sharp decline in investment. London markets are pricing in about 45% odds for a 25 bps rate cut by next May, and an 85% chance for such a move by the end of 2020.Meanwhile….UK’s December Election on December 12!The divided parliament finally threw in the towel and the UK is now heading for a general election on December 12 to try and break the deadlock on the Brexit front. It is a risky move for Johnson, who so far has been rejecting the advances of the Brexit party, which is campaigning for a no-deal scenario and if Johnson continues to hold out there is the risk that not just the anti-Brexit, but also the pro-Brexit vote will be split.That means another split parliament cannot be ruled out and if the Brexit party were to gain a sizeable number of seats it would increase the pressure on Johnson to go ahead with a no-deal scenario.In any case, Johnson has pledged to stick to the current time table for the transition period, which will give him just a year to get a trade deal with the EU wrapped up. Even if Johnson’s ambitions on that front are not as high as May’s this seems an impossibly short time to get a meaningful arrangement wrapped up. In any case, Johnson’s deal looks set to involve nothing like the “friction less” trade that U.K. manufacturers will be looking for and border checks will likely still disrupt supply chains across Europe.And GBP Waiting for Brexit resolutionFrom month-ago levels, the Pound is the strongest performer out of the main currencies, up 5% against the Dollar and by over 6% versus the Euro. The gains reflect an unwinding in the Pound’s Brexit discount, with a Halloween no-deal Brexit scenario having been avoided.The broad trade-weighted measure of the Pound is expected to retain at about a 8-9% discount relative to levels prevailing ahead of the July 2015 Brexit vote, which has been pared back from lows of 15%-plus. As the UK now finds itself with Brexit delayed for a second time and once again in a quagmire of political uncertainty, no significant unwinding is anticipating for Sterling’s Brexit discount as all options remain open with regard to how Brexit is resolved — ranging from no deal to Brexit cancelled, depending on the results of the December-12 general election and any referendum after the election.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.
  13. Date : 6th November 2019. USD still in the driving seat 6th November 2019.USDJPY, H1The Dollar has been consolidating gains seen yesterday, which had been driven by more strong October data (non-manufacturing ISM, which backed up last week’s surprisingly solid employment report) and hopes a partial trade deal with China will be struck. The risk-on vibe that was coursing through global markets in the wake of last Friday’s US payrolls data has come off the boil, with the valuations of many major equity indices looking rich amid a degree of circumspection creeping in with regard to whether the 13th round of trade talks between the US and China will produce a deal. The key USA500 actually closed in negative territory yesterday although it is currently trading up and testing the daily pivot point at 3078.Against this backdrop, the narrow trade-weighted USDIndex (DXY) has ebbed back by a fractional 0.1% after rallying by about 1% over the previous two days. EURUSD has settled just above the three-week low seen yesterday at 1.1063. Cable has lodged in the upper 1.2800s after failing to sustain gains above 1.2900. USDJPY is also softer, aided by a degree of Yen outperformance, which has seen EURJPY, AUDJPY and other yen crosses ebb back somewhat. USDJPY fell back below 109.0 after posting a one-week high yesterday at 109.25. The Australian Dollar and other dollar bloc currencies have also traded at softer levels after outperforming in recent sessions.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. Stuart Cowell Head 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.
  14. trading has gone a long way since then. and many many are into trading now a days, it has its challenges but good luck to every one
  15. Earlier
  16. USDJPY Sees Price Follow Through On Strength USDJPY faces further bull pressure as it extended its gain on Tuesday. On the upside, resistance comes in at 109.50 level. Above this level will turn attention to the 110.00 level. Further out, we expect a possible move towards the 110.50 level on a break of that area, A cut through here will open the door for more gain towards the 111.00.Its daily RSI suggesting further upside pressure. On the downside, support lies at the 109.00 level where a break will target the 109.50 level. Below that level will turn focus to the 108.00 level and then lower towards the 107.50 level. On the whole, USDJPY faces further upside pressure in the days ahead but with caution.
  17. Date : 05th November 2019. FX Action | 05th November 2019. EUR: Limited rally? Asset:EURUSD 1.1129 Weekly bias: Bearish Week’s Range: 1.1097 – 1.1200 * A no-deal Brexit avoided theme has given both the Euro and Pound a lift lately, though the possibility for a no-deal further down the track remains on the cards, while the protracted political uncertainty in the UK is having a deleterious economic on both sides of the Channel. The ECB is also taking a dovish tilt with Christine Lagarde having taken up the reins. On the dollar side of the balance, with regard to EURUSD, markets are anticipating US non-manufacturing survey data for October, due later today, to rebound from the 3-year low seen in September. This would follow the strong US October jobs report (despite the General Motors strike) and the backdrop of the Fed’s three precautionary rate cuts. * EURUSD printed a 6-day low at 1.1112 in what is now the pair’s fourth day trading on a 1.11 handle. The pair has been losing upside momentum after rallying out of sub-1.0900 levels in early October. The Euro has seen signs of weakness against other currencies, although EURJPY has been buoyed by Yen trade yesterday.Against a sputtering Eurozone economy and a dovish ECB, the upside potential of EURUSD should be kept in check. In the long-term pair still classified as being amid a down trend that’s been unfolding since early 2018, from levels around 1.2500. The trend has coincided with the 10-year Bund yield dropping from levels over 0.70% to the prevailing -0.325 % yield (a -0.739% low was seen in early September). JPY: Looking northwards despite risk-on mode Asset: USDJPY 108.80 Weekly bias: Bullish Week’s Range: 107.76 – 109.27 * The Yen continued on a softening tack into the EUropean session amid a backdrop of continued risk-on positioning in global markets, which have seen sovereign bonds come under pressure and stock markets rally. Maintaining investor spirits were the PBoC cutting its 1-year medium-term lending facility (MLF) rate by 5 bps for the first time since early 2016, and an FT report that the Trump administration was considering removing some tariffs on Chinese goods, which is something that Reuters sources have been saying Beijing has been pushing for. * USDJPY rose to a 5-day high at 108.88. EURJPY and AUDJPY also made respective 5-day peaks, at 121.12 and 75.18, and other Yen crosses gained. AUDJPY lifted by over 0.5%, drawing back in on the 3-month high seen last week at 75.29. Positive sentiment for USDJPY holds in the medium picture, as the asset holds above 20- and 50-Day SMA, with momentum indicators positively configured. Hence the intraday decline remains a temporary correction on the 3-day rally. GBP: Struggling to hold above 1.2900 Asset: GBPUSD 1.2904 Weekly bias: Neutral Week’s Range: 1.2800-1.2980 * A no-deal Brexit avoided theme has given Pound a lift lately, though the possibility for a no-deal further down the track remains on the cards, while the protracted political uncertainty in the UK is having a deleterious economic on both sides of the Channel. * The Pound stuck at 1.2900 (mid 3-week range) after making up the fourth week out of the last five where a higher high has been set. From month-ago levels, the Pound is the strongest performer out of the main currencies, up 5% against the Dollar and by over 6% versus the Euro, reflecting an unwinding in the pound’s Brexit discount, with a Halloween no-deal Brexit scenario having been avoided. CAD: Remains heavy Spot: USDCAD 1.3124 Weekly bias: Bearish Week’s Range: 1.3075 – 1.3200 * USDCAD has remained heavy, today matching the 6-day low that was seen yesterday at 1.3130, with the Canadian dollar being floated by a backdrop of coursing risk appetite in global markets, similar to the other Dollar bloc currencies, which has offset the jump in US yields following the strong US jobs data on Friday. * Taking a step back, USDCAD is near to the midpoint of the range that’s been seen over the last 4-plus years. AUD: Remains on bid Asset: AUDUSD 0.6917 Weekly bias: Neutral to Bullish Week’s Range: 0.6770- 0.6945 * AUDJPY is the biggest gainer on the day so far, showing a rise of 0.9% at prevailing levels. The cross has printed a three-week high at 75.40. AUDUSD has concurrently rallied by over 0.6%, coming within of the three-week peak that was seen last week, at 0.6929. *The Aussie Dollar is also showing outperformance form month-ago levels, with only sterling having been stronger out of the main currencies over this period. The currency has a relatively high beta characteristic, and is widely seen as a liquid currency proxy of China, which accounts for over a third of the total demand for Australian commodity exports, and has therefore acted in a true to form manner amid the recent upward scaling in global stock markets. The main three US indices hit new record peaks yesterday, while Asian and European markets have rallied to fresh major-trend highs today. 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.
  18. Renko Full Throttle PRO Indicator New Set is released for EURJPY 30 Min Chart: Recorded +900 Pips profit in the last year with 20 total trades 16 trades hit TP 4 trades hit SL Success rate is 80%
  19. And remember, every time you read something by Anal75 (assuming anyone actually does) he was unmasked years ago as a chiselling little crook who calls people who complain 'stupid' Once a Nigerian scammer, always a Nigerian scammer. And we know that the truth is considered to be racism theses days But we just don't fkn care.
  20. A Multitude of Allegations Against FTX According to the lawsuit, the defendants were caught red-handed attempting to manipulate the prices of Bitcoin futures on Binance. The defendants reportedly dumped futures contracts worth 255 BTC in an attempt to produce an “artificial price move that would trigger cascading execution of stop-loss orders and liquidations of futures long positions.” Besides this, the plaintiff alleges that the defendants used multiple brokerage accounts to manipulate the market using methods that have been previously deemed illegal by the U.S. Securities and Exchange Commission (SEC). Additionally, FTX is accused of running an unlicensed money transmitting business with its OTC desk, while claiming that FTX sold around 50 million FTX tokens (FTT) to U.S. citizens at steep discounts. The plaintiff BMA is currently seeking exemplary and punitive damages against all defendants, totaling $150 million. https://beincrypto.com/ftx-cryptocurrency-exchange-hit-with-150-million-nuisance-suit/ So when you read in the above review..... 'FTX has also built a name for itself in China despite china’s anti-crypto stance. The coins will be available to traders as a perpetual futures contract while providing a leverage time value of more than a hundred'. .....You know they are targeting the usual brain dead idiots that lose their money and come crying here when they can't withdraw funds. Any fkn stupid questions?
  21. https://www.offshorealert.com/bitcoin-manipulation-abatement-llc-v-ftx-trading-ltd-alameda-research-samuel-bankman-fried-lawsuit.aspx Bitcoin Manipulation Abatement LLC v. FTX Trading Ltd. et al: Complaint Complaint alleging cryptocurrency market manipulation, RICO, and fraud in Bitcoin Manipulation Abatement LLC, of Puerto Rico v. FTX Trading Ltd., of Antigua and Barbuda; Alameda Research LLC, of Delaware; Alameda Research Ltd., of the British Virgin Islands; Samuel Bankman-Fried, of California; Gary Wang, of California; Andy Croghan, of California; Constance Wang, described as a citizen and resident of Hong Kong; Darren Wong, of California, and Caroline Ellison, of California, at the U. S. District Court for the Northern District of California.
  22. Yes I also love news when Hotforex receives every new award. It makes me feel comfortable trading with them.
  23. Quantower TPO Profile has a lot of features: https://www.quantower.com/blog/tpo-profile-chart-and-trading-on-bitmex Splitting & Merging the TPO Chart Key elements of TPO Profile — POC, Value Area, Singles Building a TPO Profile for any time period Overlaying the standard chart over the TPO Profile Custom Session Time Volume Analysis Tools (Volume Profiles, VWAP)
  24. Date : 4th November 2019. Events to Look Out For Next Week 4th November 2019.The week starts light again, with Eurozone Manufacturing PMI and the new ECB president Lagarde speech on Monday, followed by RBA rate statement and New Zealand’s jobs report on Tuesday. Bank of England dominates the week as the highly uncertain election campaign begun.Monday – 04 November 2019 Manufacturing PMI (EUR, GMT 08:55) – The German October Manufacturing PMI held steady at 41.9, with Germany’s manufacturing sector still firmly in recession. This picture is likely to be seen confirmed in the final readings for October. Tuesday – 05 November 2019 RBA Interest Rate Decision (AUD, GMT 03:30) – The RBA minutes from the September policy meeting, showed that the central bank remains disposed to further easing. However in the October minutes, Governor Lowe suggested that the Bank is not in a hurry to lower rates asap. ISM Non – Manufacturing PMI (USD, GMT 15:00) – The ISM-NMI index is expected to rise to 54.0 in October from 52.6 in September and a prior 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September of last year. Labour Market Data (NZD, GMT 21:45) – The Final reading for Q3 employment change is expected to show further negative labor reports. the unemployment rate is anticipated at 4.0% from 3.9%, while participation rate is seen rising at 70.9%. Wednesday – 06 November 2019 Retail Sales (EUR, GMT 10:00) – Retail sales moved up 0.3% m/m in August, a partial rebound from the -0.5% m/m decline in the previous month. However, in September the latest slowdown in labour market could keep overall consumption underpinned in the third quarter. The September Retail sales are seen at 0.1% m/m. Thursday- 07 November 2019 Event of the week – BoE Interest Rate Decision and MPC Vote (GBP, GMT 12:00) – The BoE at the last meeting already indicated that even if uncertainty persists it may need to act to prop up the economy and the upcoming November meeting will bring the BoE’s quarterly updates on growth and inflation. It will come amid a still muddy picture on the Brexit front and just ahead of a general election, so central bankers may be weary of being accused of interfering in the political process if they lean too much out of the window on the Brexit front. Friday – 08 November 2019 Labour Market Data (CAD, GMT 13:30) – Total employment grew 53.7k in September after the 81.1k surge in August, leaving two months of robust jobs growth that came in well above expectations. The unemployment rate fell to 5.5% in September from 5.7% in August. For October, the unemployment rate is expected to rise at 5.7% while participation rate should remain unchanged. Michigan Sentiment (USD, GMT 15:00) – The preliminary US consumer sentiment for November is forecast at 94.7, 0.8 points below the final in October. 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.
  25. FTX Crypto Derivatives Exchange: The New Trend In Future Options Trading With a growing demand for crypto derivatives trading, new crypto derivatives exchange platforms are now emerging. Derivatives trading, account for more than half of 24-hour trading volumes recorded. The new chip on the block is FTX, crypto derivatives exchange from FTX trading ltd, a company based in Antigua and Barbuda. More on FTX FTX crypto offerings consist of futures, FTT token which is leveraged and OTC trading. It has created a niche for itself by its leveraged token and trading indices. Though quite new, trades recorded on it may not have been substantial, but analysts believe with the variety of crypto offerings it’s giving, it may soon witness phenomenal growth. Recently, FTX brought on board its trading indices, eight well-known cryptocurrencies that are China-linked. These are BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET. FTX has also built a name for itself in China despite china’s anti-crypto stance. The coins will be available to traders as a perpetual futures contract while providing a leverage time value of more than a hundred. Listed on its platform for futures trading are major cryptocurrencies and index coins like Bitcoin(BTC), Ethereum(ETH), Litecoin (LTC), Ripple(XRP), Altcoin Index, Midcap Index, Shitcoin Index, and Exchange Token Index. FTX Features FTX gives you ‘leverage’ on your capital with its leverage time value of more than a hundred. Its futures contract has a time tenure of the current quarter, next quarter and a perpetual future(DRGN-PERP). FTX futures are Stablecoins-settled so this allows you to make deposits with Stablecoins while capturing your profit and loss(PNL) also. Thus, no need for bank account linkage. Flexible collateral which may be Stablecoins or fiat currency. No deposit or withdrawal fee. Low trading fees that target the high volume user. Bonus for sign up through referrals for its users. Being backed by Alameda Research, a top cryptocurrency liquidity provider, FTX has access to top order books. Various payment methods in the form of deposits like TUSD, USDC, PAX, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Tether, Stablecoins and others which are FTX recognized are accepted on its platform. FTX index futures contracts are the first of its kind. FTX also offers its users the ability to activate 2 Factor Authentication (2FA) using Authy or Google Authenticator. FTT: FTX Leveraged Tokens Its Leveraged Tokens are ERC20 tokens that help users manage risk while reinvesting profits back into the asset being traded. Is FTX Legit? Not much can be said as regards this since it is still new but there have not been any regulatory violations or theft cases since its inception. However, details about the FTX method of storage of user funds are relatively unknown. FTX Verification The need for verification may arise for withdrawals above a thousand USD and for users who wish to increase their withdrawal limits. For this, an identity proof document with proof of address, ID document, the scanned front and back with a picture tagged “FTX” and date may be required. Ending FTX Exchange has created a niche for itself although it is advised for users to use the online tool and learn more to make the best choice of any trading tool or exchange. Source: https://learn2.trade
  26. Latest Releases May Push Recovery Past The Level At 1.30 Handle: What Next For GBPUSD? GBPUSD Price Analysis – November 3 Due to recent news release, the GBPUSD pair may recover further past the horizontal line on the level at 1.30 handle. The pair exited the prior week higher at the level 1.2940. Trending about 28 pips higher after the open, the Cable was unable to hold its gains as the sellers took control ending the day below its opening price. As the new session begins, the 1.3000 level is critical and may limit a further advance. Key Levels Resistance Levels: 1.3301, 1.3185, 1.3012 Support Levels: 1.2582, 1.2195, 1.1958 GBPUSD Long term Trend: Bullish In the longer picture, the present scenario affirms the case of medium-term bottoming on the level at 1.1958. However, at this stage, the rise from the level at 1.1958 is seen as consolidating from the previous fall. And a further advance may be seen back towards 1.3301 resistance. As of now, this scenario may stay as the likely trend in as much as the level at 1.2582 resistance turned support is intact. Although the GBPUSD displays a short-term downtrend, its likely a correction, as both the medium and long-term trends are still bullish. GBPUSD Short term Trend: Ranging On the 4-hour time frame, the bias stays neutral before the next open as the GBPUSD is staying in consolidation from the level at 1.3012 from the last session while the outlook is unchanged. Meanwhile, in the event of another retracement, the downside may be contained above the level at 1.2582 resistance turned support to effect another advance northwards. On the upside, the break of the level at 1.3012 may further its advance from the level at 1.2195. Source: https://learn2.trade
  27. Malta’s Financial Authority Raises Alarm Of New Scam According to a report filed on the 31st of October, the Malta Financial Services Authority (MFSA) has alerted the public of a Bitcoin scam. This new scam bears the same qualities as another scam that has been spotted in the past. The MFSA has cautioned the public to avoid the body called ‘Bitcoin Future’ which seems to be displaying similar deceptive properties as another known as ‘Bitcoin Revolution’. The MFSA has already released 2 public warnings this year on Bitcoin Revolution. The report points out that these scam projects seem to always reappear on the internet as ads, after changing their labels to shield them from getting spotted. The regulatory authority stated that the ads sold fake promises like “a way to build your life better” and “a unique opportunity for Maltese”, and directed the public to a precise webpage where the fake ads were being sold. As a disclaimer, the MFSA has said that Bitcoin Future is not recognized as a legal corporation in Malta, does not have permission to deliver financial services in any way to the country, and does not conform to the transitory provision concerning Article 62 of the Virtual Financial Act of Malta. To sum it up, the regulatory body has said that Bitcoin Future seems to be a global “get-rich-quick” scam and has advised its citizens to desist from engaging with it and that those who do would be doing so at their own risk. The report also consisted of a link to an authorized list of financial entities that have been certified by MFSA, and procedures to identify if a service provider is a scam or not. New Strategy and Alliance by the MFSA In September, the MFSA broadcasted a scheme for vigorously monitoring and managing risks on cryptocurrency corporations. The strategy, which will span from 2019 through 2021, disclosed that the regulatory body plans on upgrading their approach and will be working directly with the Financial Intelligence Analysis Unit, also with other global authorities. Sometime this year, the MFSA contacted CipherTrace, a blockchain security corporation, to oversee cryptocurrency-related activities in the country and to battle fraudulent activities and terrorism financing. Source: https://learn2.trade
  28. Fall Reversal On The EURJPY After Tumbling Below The Key Technical Support Level At 120.35 EURJPY Price Analysis – November 1 EURJPY currency pair tumbled and breached a significant horizontal zone on the level at 120.35 during yesterday’s trading session. As for the near future, buyers on EURJPY may take the exchange rate back to the upside to retest the price level at 121.10/121.47 within this session or the following trading session. Key Levels Resistance Levels: 127.52, 125.23, 123.37 Support Levels: 119.11, 117.08, 115.86 EURJPY Long term Trend: Ranging In the EURJPY longer-term picture, the present scenario reinforces the idea that a medium-term bottom is formed around the lower horizontal zone at the support on the level at 117.08, on a bullish structure trendline in daily outlook, above the level at 115.86 critical support. However, a decisive break of the level at 120.78 support turned resistance may reinforce this case and bring further advance to the falling outlook resistance presently on the level at 125.23. The FX pair displays weakness for the time being (as per its long term downtrend) with just the medium-term pattern as yet being bullish. EURJPY Short term Trend: Ranging The flipside of the EURJPY is remaining in consolidation from the level at 121.47 and it’s intraday bias at the current moment stays neutral. Meanwhile, in the likely event of a deeper plunge, its downside may be restricted above the level at 119.11 support to bring another rally to the upside zone. As for the near future, buyers on EURJPY may take exchange rate back to retest the price level at 121.10/121.47 on the upside, a break of the level at 121.47 may re-energize the advance from 117.08 to the level at 123.37 next. Instrument: EURJPY Order: Buy Entry price: 120.78 Stop: 119.11 Target: 123.37 Source: https://learn2.trade
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