Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

agon

Volume Splitter

Recommended Posts

what has changed? what do you think now? both are useless? :) spare me few tries and errors :) I'll buy you a beer :)

 

no I simply plotted CVD with B/A and U/D ticks for couple of weeks.. and I couldnt trade ticks.. just makes no sense..

 

I talked about Fulcrum CVD all the way.. I dont care about other "studies".

 

IMHO - All studies are crap if they can be found publicly :rofl:

Share this post


Link to post
Share on other sites

 

no I simply plotted CVD with B/A and U/D ticks for couple of weeks.. and I couldnt trade ticks.

 

 

Your rigour impresses me. :)

 

Read some of the papers I mentioned, you know what? There are even better algorithms than plain old V@B/A out there. (as they are algorithms they will improve any approach that is based on algorithmically trying to determine trade direction......like CVD).

 

It's not about 'studies' per se it's about determining order flow (and hence inventory in Fulcrums case). I wonder what your motivation for posting are if you think all studies are crap? I guess you are saying CVD is worthless too (seeing as it can be found publicly)? If that is your sincere belief we'd all be better off not posting in case we destroy something valuable by making it public :). I suspect really it is more about being provocative like your old mate UB.

Share this post


Link to post
Share on other sites

contrary to UB I dont seek attention.

 

yes you r right what I believe is irrelevant here. can you edit my post and remover last sentense? i dont see button Edit for myself ..

 

P.S. tell me about other algorithms.. are they publicly accessible? ;)

Edited by maxima

Share this post


Link to post
Share on other sites

sooo. BlowFish.. when it comes to share knowledge you are nowhere to find...

 

what studies shows better direction of markets than bid/ask CVD?

 

cant hear ya!

 

oh.. I see you are here not to share trading knowledge but to simply keep conversations going.. like discussing things you have no idea about like digital signal processing, sampling, differential processes, .net garbage collector...

 

you are a naked king dear.. king of wikipedia and cheap web forums.

 

and yeah. until you answer my question about the studies I am not going to react on your messages. so spare yourself breath flaming here.

 

I dont care.

Share this post


Link to post
Share on other sites

That's rich :) firstly I suggest reading this thread from the beginning there is a lot of information in it and information where you can find more. (plus some TS code that I shared if I remember correctly). If you are still stuck after reading it drop me a line. though you will probably need to retract your statement first.

 

Took a long weekend sorry that did not suit you schedule, I'll check it's OK next time....or I could just put you on ignore.....hmm let me think on that, had a very long lunch and wouldn't want to make any hasty decisions.

Edited by BlowFish

Share this post


Link to post
Share on other sites
There are even better algorithms than plain old V@B/A out there. (as they are algorithms they will improve any approach that is based on algorithmically trying to determine trade direction......like CVD).

I cant retract anything. it seems it has a timeout for that. but frankly - I didnt touch your personality until you started to pick on me. i dont give a shit if you dont like me. if you cant keep yourself not personally involved this is not my problem.

 

on the topic:

I am asking only to name the things you noted in there. I'll find the information. Need the names of the algorithms.

Share this post


Link to post
Share on other sites
I cant retract anything. it seems it has a timeout for that. but frankly - I didnt touch your personality until you started to pick on me. i dont give a shit if you dont like me. if you cant keep yourself not personally involved this is not my problem.

 

on the topic:

I am asking only to name the things you noted in there. I'll find the information. Need the names of the algorithms.

 

C'est la vie, I was just a bit gob smacked that you though my contribution to this thread (or was it the site in general?) was lacking. That was another reason why I suggested you re-read it. I should respectfully remind you that no one here owes you anything. I dunno maybe ET would be a better venue for your style of forum participation?

 

As I have said numerous times it all stems from Lee & Readys research 20 odd years ago. Start there and go where it will take you. There has been a fair amount done on the subject but it is easily digestible by someone with the desire to digest it. I am not going to chew swallow and digest it all for you. That seems like it would be academic as you seem have strong preconceptions already (which is your prerogative of course).

 

I am surprised you are that interested tbh having previously stated that you thought stuff that was in the public domain was worthless. Again I am left wondering about your motivation.

Share this post


Link to post
Share on other sites

just to summarise (not to criticise):you reffered to Lee & Readys exclusivelly when you said - better algorithms to find market direction? thanks. I'll have a look....

 

and yeah - save your time trying to analyse me. spend it on trading better. I didnt touch you, you dont touch me. is that simple... as you rightly mentioned - you dont owe me, but dont forget I dont owe you ... I dont like you either but I was trying hard to keep silence.

 

and stop this wording games BS - when did I ask to chew for me? I said give me the name I'll do the rest.... just stop it OK?

 

keep it in professional way.

Share this post


Link to post
Share on other sites
Woops way to completely balls up :crap: I only changed a couple of lines and managed to get an additional end statement and undefined variable (block) as you guys pointed out. It's got to the stage where it needs a tidy up (as well as comments) but this should at least run

 


inputs: 
UpColor(darkgreen), 
DownColor(red), 
DeltaBar(1), 
MaxBlock(9999),
MinBlock(0),
ResetDeltaEachBar(0); 

variables: 
MyVol(0), 
Block(0),
color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolRatio(0), 
intrabarpersist VolTmp(0), 
intrabarpersist Delta (0), 
intrabarpersist DeltaH (0), 
intrabarpersist DeltaL (0), 
intrabarpersist DeltaO (0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolRatio = 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
	if ResetDeltaEachbar = 1 then Delta =0;
	DeltaO = Delta; 
	DeltaH = Delta; 
	DeltaL = Delta; 
end; 
Block = Myvol - VolTmp;
if (Block >= MinBlock) and (Block <= MaxBlock) then
	if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 


DeltaH = maxlist(DeltaH, Delta); 
DeltaL = minlist(DeltaL, Delta); 


if Delta <= 0 then color = DownColor else color = UpColor; 

plot1(DeltaO, "DO"); 
Plot2(DeltaH, "DH"); 
Plot3(DeltaL, "DL"); 
plot4(Delta, "DC");	 

 

I am new to easylanguage, please help my questions and comments below -

 

Questions -

1. What's the purpose of the (if LastBarOnChart) block, is it to make sure that this indicator only works on real-time data?

 

2. If this indicator is inserted into a 100-tick chart, how often(frequency) tradestation charting engine invokes this logic? every 1 tick?

 

3. Is it possible to replace MyVol = Iff(BarType < 2, Ticks, Volume);

with MyVol = Volume for 100-tick chart.

 

Comments:

1. BARatio, VolumeAtAsk, VolumeAtBid are not used in the code, they could be removed;

2. cumulative volume(delta) calculation should also consider the relationship of the current bar close price with previous bar close price;

 

Thanks!!!

Share this post


Link to post
Share on other sites
I am new to easylanguage, please help my questions and comments below -

 

Questions -

1. What's the purpose of the (if LastBarOnChart) block, is it to make sure that this indicator only works on real-time data?

 

2. If this indicator is inserted into a 100-tick chart, how often(frequency) tradestation charting engine invokes this logic? every 1 tick?

 

3. Is it possible to replace MyVol = Iff(BarType < 2, Ticks, Volume);

with MyVol = Volume for 100-tick chart.

 

Comments:

1. BARatio, VolumeAtAsk, VolumeAtBid are not used in the code, they could be removed;

2. cumulative volume(delta) calculation should also consider the relationship of the current bar close price with previous bar close price;

 

Thanks!!!

 

In short 1) Yes

2)Yes, you must set indicator to update every tick

3) Yup that line should limit the indicator to intraday charts. Not really necessary I guess.

 

Yes it was code I hacked together as I said up top. It needs a good tidy up comments etc.

 

Cumulative delta has nothing to do with bar closes it is simply compares volume transacted@bid with that transacted@ask print by print.

Share this post


Link to post
Share on other sites

do you think this indicatory would be better applied to 1tick chart o 1contract chart?? this is what I have run across:

 

Infact if You use 1 contract chart and the market trades 1000 lots @ the ASK side which is Upper then the previous close, MC register this trade as an Uptick and You can plot a 1000 lots trade @ the ASK side as an UpTick. So based on this example, if you create a cumulative sequence of trades based on volume, you can have a Cumulative Delta Volume. Be careful because with 1 contract chart, it's a good stuff only reffered to a brief time lap (about 30minute to 1 Hour MAX).

Share this post


Link to post
Share on other sites
Woops way to completely balls up :crap: I only changed a couple of lines and managed to get an additional end statement and undefined variable (block) as you guys pointed out. It's got to the stage where it needs a tidy up (as well as comments) but this should at least run

 


inputs: 
UpColor(darkgreen), 
DownColor(red), 
DeltaBar(1), 
MaxBlock(9999),
MinBlock(0),
ResetDeltaEachBar(0); 

variables: 
MyVol(0), 
Block(0),
color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolRatio(0), 
intrabarpersist VolTmp(0), 
intrabarpersist Delta (0), 
intrabarpersist DeltaH (0), 
intrabarpersist DeltaL (0), 
intrabarpersist DeltaO (0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolRatio = 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
	if ResetDeltaEachbar = 1 then Delta =0;
	DeltaO = Delta; 
	DeltaH = Delta; 
	DeltaL = Delta; 
end; 
Block = Myvol - VolTmp;
if (Block >= MinBlock) and (Block <= MaxBlock) then
	if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 


DeltaH = maxlist(DeltaH, Delta); 
DeltaL = minlist(DeltaL, Delta); 


if Delta <= 0 then color = DownColor else color = UpColor; 

plot1(DeltaO, "DO"); 
Plot2(DeltaH, "DH"); 
Plot3(DeltaL, "DL"); 
plot4(Delta, "DC");	 

 

Hello, I'm new to this forum.

I see this code and I think that it is better to change this line:

 


if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 

 

with this one:

 


if ticks>=filtro then begin
	if Close>= insideask then Delta=Delta+Ticks;
	if Close<= insidebid then Delta=Delta-Ticks;
end;

 

in this way I'have the real sum of volume exchanged in bidside less the volume exchanged in askside.

Is it correct?

 

MARCO

Share this post


Link to post
Share on other sites
Woops way to completely balls up :crap: I only changed a couple of lines and managed to get an additional end statement and undefined variable (block) as you guys pointed out. It's got to the stage where it needs a tidy up (as well as comments) but this should at least run

 


inputs: 
UpColor(darkgreen), 
DownColor(red), 
DeltaBar(1), 
MaxBlock(9999),
MinBlock(0),
ResetDeltaEachBar(0); 

variables: 
MyVol(0), 
Block(0),
color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolRatio(0), 
intrabarpersist VolTmp(0), 
intrabarpersist Delta (0), 
intrabarpersist DeltaH (0), 
intrabarpersist DeltaL (0), 
intrabarpersist DeltaO (0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolRatio = 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
	if ResetDeltaEachbar = 1 then Delta =0;
	DeltaO = Delta; 
	DeltaH = Delta; 
	DeltaL = Delta; 
end; 
Block = Myvol - VolTmp;
if (Block >= MinBlock) and (Block <= MaxBlock) then
	if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 


DeltaH = maxlist(DeltaH, Delta); 
DeltaL = minlist(DeltaL, Delta); 


if Delta <= 0 then color = DownColor else color = UpColor; 

plot1(DeltaO, "DO"); 
Plot2(DeltaH, "DH"); 
Plot3(DeltaL, "DL"); 
plot4(Delta, "DC");	 

 

Hello, I'm new to this forum.

I see this code and I think that it is better to change this line:

 


if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 

 

with this one:

 


if ticks>=filtro then begin
	if Close>= insideask then Delta=Delta+Ticks;
	if Close<= insidebid then Delta=Delta-Ticks;
end;

 

in this way I'have the real sum of volume exchanged in bidside less the volume exchanged in askside.

Is it correct?

 

MARCO

Share this post


Link to post
Share on other sites

Dunno what filtro is? By the way the indicator works on volume traded not ticks.

 

Feel free to change it to suit your needs but I think it is correct (with the caveats earlier in the thread) as it is. Of course I have been known to be wrong :D

Share this post


Link to post
Share on other sites

Hello BlowFish and thank for your answer.

Filtro can be used if you want to see only traded volume greater than a preset value, but is not so important.

Furthermore in multicharts if the "Build Volume On" of the instrument is set to "trade Volume" and not to "Tick count" the instruction

MyVolume=Ticks

give you the volume traded for every tick.

In your code there is this line

MyVol = Iff(BarType < 2, Ticks, Volume); 

 

that is the same thing of

MyVol=Ticks 

for intraday and tick by tick charts

 

My dude is for this line

 

if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp

 

and this one

 

else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  

 

where VolTmp is previous volume traded.

 

In "Close<=InsideBid" case, volume is traded in Bidside so it is correct to subctrat MyVol from Delta, but I can't understand why you add the previous volume (VolTmp) regardless of it was traded in bidside or in askside (because the line:"Close <= InsideBid" is only referred to the last volume exchanged that is MyVol).

The same thing happen for the line "Close >= InsideAsk

Can you explain that?

 

I hope you understand me, my english is not so good!:crap:

Thanks,

byebye

MARCO

Share this post


Link to post
Share on other sites

Hello !

I have been trying to download Volume Splitter Indicator for Ninjatrader 7 but it doesn't work.

Please, could you upload it again please?

I spent days but nothing.

 

And, anybody know an alternative indicator (for Ninjatrader 7) that Show the "Short" and "Long" positions? I'm not talking about ask and bid side... I would like to know the shorts and the longs of a frame of time.

 

Thanks a lot!

 

D

Share this post


Link to post
Share on other sites

Here you go...be aware of the issues with insidebid insideask (they are discussed earlier in the thread

 

 
inputs: 
UpColor(darkgreen), 
DownColor(red), 
DeltaBar(1), 
MaxBlock(9999),
MinBlock(0),
ResetDeltaEachBar(0); 

variables: 
MyVol(0), 
Block(0),
color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolRatio(0), 
intrabarpersist VolTmp(0), 
intrabarpersist Delta (0), 
intrabarpersist DeltaH (0), 
intrabarpersist DeltaL (0), 
intrabarpersist DeltaO (0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolRatio = 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
	if ResetDeltaEachbar = 1 then Delta =0;
	DeltaO = Delta; 
	DeltaH = Delta; 
	DeltaL = Delta; 
end; 
Block = Myvol - VolTmp;
if (Block >= MinBlock) and (Block <= MaxBlock) then
	if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 


DeltaH = maxlist(DeltaH, Delta); 
DeltaL = minlist(DeltaL, Delta); 


if Delta <= 0 then color = DownColor else color = UpColor; 

plot1(DeltaO, "DO"); 
Plot2(DeltaH, "DH"); 
Plot3(DeltaL, "DL"); 
plot4(Delta, "DC");

Share this post


Link to post
Share on other sites
Here you go...be aware of the issues with insidebid insideask (they are discussed earlier in the thread

 

Thanks BlowFIsh. I think that when there are nre improvmente or find a solution the new cersion will be posted.

 

What are in tour opinion other indicators to help analisys by volume?

Share this post


Link to post
Share on other sites

Blowfish, the VOL_Splitt_OHLC_C & VOL_Splitt_OHLC are nice. What would the setting be for each in forex and then equities.A ball park figure would be nice.Anybody else here in the forums input would be welcome too.The default is 1,9999

Share this post


Link to post
Share on other sites

OHLC C seems to work the best. Insert indicator twice and set each to their proper settings. Wait till they split together then make your move. A bing and a bang and a boom! Notice the last picture when the big boys go against the little boys. This indicator can help you stay out of bad moves.

Volume_Splitter.jpg.e7b39d0f8531e23c5dc64813705e55e7.jpg

Volume_Splitter-1.jpg.5ac88ce36bf7015801834c15cc7df1ba.jpg

Volume_Splitter-2.jpg.e8c6aa2429859267476d1c0a1f7c8e13.jpg

Volume_Splitter-3.jpg.ec0feceb3fe77908b36f11257df94769.jpg

Edited by johnnydaymon

Share this post


Link to post
Share on other sites

Hello

I'm here a little late - but I have some suggestion:

Just an idea......

I thought it could be very usefull to be able to reset this indi

- at certain times

- at Pivotpoints

- all n minutes

or similar.....

so for my suggestions it could be much more helpfull then.

Any ideas how to do this ?

 

regs

Jojo

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date : 27th November 2020.FX Update – November 27 – Sterling in FocusGBPUSD, H1Narrow ranges have been prevailing in risk-cautious trading. The USDIndex settled around the 92.00 level, above yesterday’s 12-week low at 91.84. EURUSD remained buoyant but off from the 12-day peak seen yesterday at 1.1942. Cable also held within its Thursday range. USDJPY ebbed to a four-day low at 103.91. The Yen was concurrently steady versus the Euro and the Pound, but posted respective two- and four-day lows against the Australian and Canadian Dollars. AUDUSD ticked fractionally higher, which was still sufficient to lift the pair into 12-week high terrain above 0.7380. NZDUSD posted a new 29-month peak at 0.7030. USDCAD remained heavy but just above recent 17-day lows. Bitcoin, which performed strongly this year on the back of dollar liquidity, found a toehold, but remained over 12% down on its recent highs.US markets will reopen after yesterday’s Thanksgiving holiday, but market conditions will remain on the thin side. President Trump said that he will leave the White House if the Electoral College votes for Biden, which may be as close to formally conceding the election as he will go. A sharp focus remains on EU and UK talks, with a face-to-face round reportedly taking place in London over the weekend. There are now reports that the EU parliament might convene as late as December 28 to ratify a deal, if necessary.The spectre of a no-deal hangs over proceedings, though the consensus, as judged by the ongoing stability of the Pound, remains for a narrow deal to be reached.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.
    • Date : 26th November 2020.Brexit endgame remains in sharp focus!The USD has remained soft in quiet conditions, while global asset markets have seen little direction. The US Thanksgiving holiday has quelled activity. Europe’s Stoxx 600 traded near flat. Most stock markets in Asia gained, though remained off recent highs. The MSCI World Index is also off its highs, but remained buoyant and on course for a record monthly increase this month. Copper posted a new near 7-year high, and while other base metal prices were also underpinned most remained off recent trend highs. Oil prices saw modest declines after recent gains, which culminated in a nine-month high yesterday.The Brexit endgame remains in sharp focus!Sterling has seen limited direction, continuing to hold gains from month-ago levels of around 1.5% to 2.5% versus the Dollar, Euro and Yen. There is still no breakthrough in down-to-the-wire negotiations between the EU and UK, and there are lots of warnings of border chaos and, from external BoE MPC member Saunders, of long-lasting economic consequences in the event of a no deal exit from the common market.European Commission president von der Leyen said “we are ready to be creative” to get a deal while repeating that “we are not ready to put into question the integrity of the single market.” An Irish government member said that a deal was “imperative” for everyone.The steadiness in the Pound, the principal conduit of financial market Brexit sentiment, reveals that investors remain unperturbed. One explanation is the real money participants are sitting on their collective hands, positioning for an expected deal but waiting on concrete developments and details, while maintaining vigilance on the possibility of there being a no deal by accident.Short-term speculative participants, meanwhile, don’t seem to have had a fruitful time in trying to play the fatiguing myriad news headlines and endless deadlines that have come and gone. The latest and supposedly final deadline, is next Tuesday — December 1 — which leaves just one month for a deal to be ratified on both sides of the Channel. We expect to a deal to materialize at the last minute, just as the withdrawal agreement was seemingly pulled out of the hat at the ultimate minute a year ago. There may even be a fudged extension.Pressure on the UK government is intense. US president-elect Biden warned London that the scope for a deal with the US would be compromised if there is a return of a hard border on Ireland — which is what could happen in a no-deal scenario (the UK government would have the choice between maintaining a free-flowing border on Ireland at the price of breaking up the border integrity of the UK, and possible protests and even violence from loyalists, or breaking the EU withdrawal agreement, which would result in a hard Irish land border).A leaked Whitehall document warns of a “perfect storm” of chaos in the event of a no-deal in the Covid-19 era. There are also pressures on the other side of the Channel to reach an accord. While French President Macron has political incentive to put up a show of fighting over fishing rights, he is not likely to carry through on his threat to veto any deal as other key EU states don’t see the UK’s position on fishing as being unreasonable. France and other nations, and the UK, also need to maintain good relations for security and many other practical reasons.As for the market impact of a deal, much will depend on how narrow the deal is. The narrower it is, the bigger the negative impact on both the UK and EU’s terms of trade positions will be on January 1, particularly the UK’s.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.
    • Those who take quick and payday loans and refuse to pay them back are now hooked.   Normally, it is not a good thing to go into debt unless that is your last resort. We know that people are fond of borrowing and they seriously hate paying it back. Even when it comes to paying back what was borrowed, your creditor will become your enemy. Such is the nature of human beings.   Debtors don’t want to return money even when they eventually have means of repayment. If anyone borrows money and returns it, it means the person has a Godly spirit in him.   If people ponder the power of compound interest, they would stay away from loans. If you pay 1.33% or 1.79% interest per month on a loan, you will need to pay back roughly 16% or 20% per annum. And this will begin to compound as long as you don’t pay.   Most borrowers who are now in trouble have realized that the interest rates are eventually higher than the capitals borrowed. They realize that the creditors are using an indirect way to enslave borrowers (go and work for me, bring back the capital plus profits).   The banks themselves know that business environment is very tough and are now indirectly asking people to work with or spend the banks’ funds and bring the funds plus profits back to them. Many borrowers really have poor mentality and they don’t know the gravity of what they’re putting themselves into.   If a bank could lend out 1 billion USD per annum, it would reap a return of 150 million USD (at least on paper). Do you think they will forget about you if you owe them even a small amount?   Loans without collateral are now popular. But your collateral is your BVN – unless you don’t want to operate accounts again in the country.   I have heard people saying” Don’t pay to my Access Bank account again, but pay into my UBA bank account.” “Don’t send that cash into my GTBank account again, but send it to Zenith Bank.” It’s like postponing the evil day.   Ti iya o ba i tii je eniyan, iya nri nkan panu lowo ni (Yoruba adage). I literally means: If Suffering has not come to attack you, it means Suffering is currently busy with something. If you think you can avoid payment by abandoning the account you used to borrow money, you’re only postponing the evil day.   They cannot come for you when your debt is small, but the debt will begin to compound and compound till it would make sense for them to come for you.   BAD NEWS FOR DEBTORS CBN has given banks permission to deduct from funds a debtor has in another bank account. For example, if you borrow quick loans from FCMB and you abandon your FCMB account and you are now operating another account with First Bank, FCMB can make a request to First Bank, and the money you owed will be deducted once or gradually from your account at First Bank, without your permission.   Would you now keep money at home, so that bad boys will come to you to take their dues?   Borrowing isn’t a good thing, no matter how plausible it looks.   Profits from games of knowledge: https://www.predictmag.com/   
    • LITECOIN (LTC) SUSTAINS RECENT RALLIES, FACES RESISTANCE AT $90 HIGH Key Highlights Litecoin rallies to the high of $90 The crypto may be range-bound between $80 and $90 Litecoin (LTC) Current Statistics The current price: $89.20 Market Capitalization: $5,900,735,267 Trading Volume: $7,953,660,011 Major supply zones: $70, $80, $90 Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis November 24, 2020 Litecoin has continued its rallies as the coin reached a high of $89.86. LTC price has been making a series of higher highs and higher lows. The upward move has been facing resistance at $90. On the upside, if buyers can push LTC above $90, the coin will rally above $100 high. However, if buyers fail to resume the upside momentum, LTC will be compelled to a sideways move for a few days. If the uptrend is resisted the coin will be range bound between $80 and $90. LTC/USD – Daily Chart Litecoin (LTC) Technical Indicators Reading LTC price broke the resistance line of the ascending channel. This indicates a further upward movement of the coin. The crypto is at level 74 of the Relative Strength Index period 14. It indicates that the coin is in the overbought region of the market. LTC/USD – 4 Hour Chart Conclusion Litecoin has made an impressive bullish run on the upside. Nevertheless, the retraced candle body on October 31 tested the 61.8% Fibonacci retracement level. It indicates that the coin will rise to a level of 1.618 Fibonacci extension level. This extension is equivalent to $70 high. Meanwhile, the price action is above the projected price level. Source: https://learn2.trade 
    • XRP/USD PULLS BACK AT RESISTANCE LEVEL OF $0.72 XRP/USD MARKET NOVEMBER 26 After the price retracement, it may resume its bullish trend and the resistance level of $0.79 and $0.88 may be reached. Below the current price, the level is found the support levels at $0.55, $0.44, and $0.39. However, the relative strength index period 14 is at 70 levels bending down to indicate a sell signal which may be a pullback. KEY LEVELS: Resistance levels: $0.72, $0.79, $0.88 Support levels: $0.61, $0.55, $0.49 XRP/USD Long-term Trend: Bullish XRPUSD is bullish in the long-term outlook; the crypto soars towards the north by the strong bullish momentum. The bulls’ momentum breaks up the resistance levels of $0.28, $0.33, and $0.36. The price has tested the resistance level of $0.79 on October 24. The price pulls back to retest the broken level of $0.61. Today, the XRP market is dominated by the bears and the daily candle is bearish. The price may increase further after the pullback. XRPUSD Daily chart, November 26 The two EMAs are located below the coin and it is trading far above 9 periods EMA and 21 periods EMA which indicate a strong bullish momentum. After the price retracement, it may resume its bullish trend and the resistance level of $0.79 and $0.88 may be reached. Below the current price, the support levels is found at $0.55, $0.44, and $0.39. However, the relative strength index period 14 is at 70 levels bending down to indicate a sell signal which may be a pullback. XRP/USD medium-term Trend: Bullish The bulls dominate the XRPUSD market. Immediately after the breakout from the consolidation zone, the bulls push the price high above the September high. It is currently pulling back at the resistance level of $0.72. The price is testing the support level of $0.55 at the time of writing this report. In case the just mentioned level does not hold, there will be a further price reduction. XRPUSD 4-Hour chart, November 26 The price has penetrated the two EMAs downside and it is trading below 9 periods EMA and 21 periods EMA. The fast-moving EMA is trying to cross the slow-moving EMA downside. The relative strength index period 14 is pointing down at 50 levels which connotes a sell signal and it may be a pullback.   Source: https://learn2.trade 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.