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PS: to anyone, how can I get multiply quotes included from a post?

there is only the one, as above and the rest have not been displayed in the same way

 

If you wish t 'multiple quote' the same person (from the same post), simply copy the fist portion of the quoted text( in the example of me quoting you: [ qoute=zt379;105310 ], and then, paste it in front of the text you wish to quote. Also, include the "closed quote" box at the end of each quoted section.

 

HTH.

 

-Spydertrader

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Before I answer, why not extend your annotations (which began on the 13th) out until 10:30 AM (Eastern Time) on the 15th of October.

- Spydertrader

 

Concerning the Traverse (I am now certain of this...no really!) that ended at 10:30et the 15th.

 

I believe I can understand this area being a Traverse using the 2min YM. Not that I am adverse to using the YM for clarity but I want to avoid using it to cover a knowledge gap.

 

I am leaning toward the idea that this Traverse is knowable using only the 5min ES. Is this a reasonable conclusion?

 

TIA

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Concerning the Traverse (I am now certain of this...no really!) that ended at 10:30et the 15th.

 

Didn't we see a channel end on the 13th at 2:15 (Eastern Time)? What then must have ended at 10:30 on the 15th (based on what the market showed you after the 10:30 mark. (Eastern Time)

 

I am leaning toward the idea that this Traverse is knowable using only the 5min ES. Is this a reasonable conclusion?

 

Everything remains 'knowable' by using a single time frame chart (with equities, one uses a daily chart to see the same information we look to see on a five minute time frame). However, it may be the case that, sometimes, certain people need to use another tool to learn to see that which another finds perfecty clear - without using the additional tool.

 

Once someone can see that which once appeared obscure, the 'learning tool' is no longer required for learning or seeing.

 

HTH.

 

- Spydertrader

 

Edit: Keep in mind the following: At one point in history, only one time frame existed - daily. Back then, one could not 'look to another tool' for answers. Today, you do have the ability to locate answers by using another tool, but that does not mean it is the only way to locate answers. Some just find it an easier way.

Edited by Spydertrader
clarification

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Didn't we see a channel end on the 13th at 2:15 (Eastern Time)? What then must have ended at 10:30 on the 15th (based on what the market showed you after the 10:30 mark. (Eastern Time)

 

 

I think I jumped a fractal in trying to convey my meaning. :) In my last post I was focused only on the morning of the 15th but I did not make that clear. I did not mean to infer that everything up to the 15th was a Traverse.

 

My apologies, I should have attached this chart with the last post.

 

Thanks!

es1015trav.thumb.png.779019beafbd133d5bd8d2d2f04122a3.png

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It seems that you decided that the nondominant gaussian color doesn't matter. Would you explain why does it make things easier for you?

 

"Your current 'view' of the market as transitioning from increasing to decreasing to increasing again (in terms of Volume) doesn't provide the most accurate interpretation. Instead, monitor from the standpoint of dominant to non-dominant and back to dominant again.

 

Use the Gaussians as an 'indicator' of dominance in order to have them 'match' the trend lines. On many of my charts, the non-dominant portion of the Gaussians do not have the same color as the Volume bars tracked. In other words, the Gaussian lines track dominant vs non-dominant Price Movement, rather than Volume bar coloration. The subtle difference often sits where one finds the market 'mode'.

HTH.

 

- Spydertrader"

 

A few portions of spydertrader's comments jumped out at me.First,NON-DOM GAUSSIANS many times DO NOT have the SAME COLOR as the volume bars tracked.Second,dom vs non-dom gaussian lines track PRICE MOVEMENT,rather that volume bar coloration.Third,use the gaussians as an "INDICATOR" of dominance.Hence the emphasis on dominant gaussians and less on non-dom gaussians as my "indicator" of market dominance.hth

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I think I jumped a fractal in trying to convey my meaning. :)

 

O.K. Now, if if you know something ended at 10:30 on the 15th, and that something represents the exact same something that ended on the 13th (at 2:15), then you also know what must come next with respect to the next thing (which begins at 10:30 on the 15th).

 

Have you annotated in the exact same fashion (based on context, pace and order of events) for each of these two areas?

 

Previous Chart

 

Newly posted revised chart snip.

 

Note the location differences in the medium weight pink line.

 

- Spydertrader

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Hence the emphasis on dominant gaussians and less on non-dom gaussians as my "indicator" of market dominance.hth

 

I did not intend to transfer a diminished emphasis on non-dominance, or non-dominant gaussian movement relative to dominance, or dominant gaussian movement. After all, one cannot arrive at Point Three without moving in a non-dominant direction.

 

Make sure you fully comprehend the information provided by the Gaussian Lines.

 

- Spydertrader

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I did not intend to transfer a diminished emphasis on non-dominance, or non-dominant gaussian movement relative to dominance, or dominant gaussian movement. After all, one cannot arrive at Point Three without moving in a non-dominant direction.

 

Make sure you fully comprehend the information provided by the Gaussian Lines.

 

- Spydertrader

Originally Posted by cnms2 It seems that you decided that the nondominant gaussian color doesn't matter. Would you explain why does it make things easier for you?

 

Some time ago i discovered that my charting platform had a volume study that showed the volume bars as either lite gray for decreasing volume bars or dark gray for increasing volume bars(all in relation to the previous volume bar).I found it helpful to view this study for a while because it highlited the difference between peaks and troughs quite well.JHM is based on the order of events on fractals where the the peaks and troughs indicate dominant and non-dominant market behavior.I have found it easier to read the market sentiment and fractal nesting by showing dominant market direction with black or red color and non-dominant market direction with gray color.Since i usually trade only the dominant direction (unless volatility is unusually large) it helps with entries/exits and reversals.This also highlites where the market creates a decreasing volume bar after completion of the order of events like has shown in the jokari window(good example of that is today's bar 55).hth

 

--------------------------------------------------------------------------------

 

The "emphasis" i was referring to was the use of lite gray(vs.black or red) for non-dom gaussians LINES on my charts.

Edited by patrader

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O.K. Now, if if you know something ended at 10:30 on the 15th, and that something represents the exact same something that ended on the 13th (at 2:15), then you also know what must come next with respect to the next thing (which begins at 10:30 on the 15th).

 

Yes.

 

Have you annotated in the exact same fashion (based on context, pace and order of events) for each of these two areas?

 

Previous Chart

 

Newly posted revised chart snip.

 

Note the location differences in the medium weight pink line.

 

- Spydertrader

 

Those two charts are not annotated in the same way.

 

Previous Chart

shows my original annotations for Traverse #3 of the Channel which I believe now to be incorrect.

 

Newly posted revised chart snip shows annotations for Traverse #3 that must be correct but I am having issues as to how best to arrive at the fact it is a Traverse. This is what led to my question about ES only or needing to use the YM?

 

I am really sorry for the misunderstanding, I should have been more clear when posting those charts.

 

In an effort to redeem myself a bit, attached is a chart of the entire 10-13 to 10-15 timeframe under discussion. I do have issues with the last Traverse on this chart but I feel like I am heading in the right direction.

 

Thank you very much for your patient advice!

es101315chan.thumb.png.392df70a85c9f1a02d03104e58741bfb.png

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On another note,lately i have been putting alot of effort in reference to anything "non-dominant "in order to better annotate and read this portion of the order of events.I reviewed spydertrader's more recent charts(price and volume panes) and his comments both here and in other journals.One of the reasons was i noticed that sometimes volume bars may "increase"(in relation to the previous bar) but he still annotated a non-dominant gaussian line on his chart(especially on the medium and thick lines).This at first appeared to not confirm to the gaussian volume sequences as shown on page one of this journal.What i discovered of course, was others had crossed this path before and advice had been offered. Quote from dkm:

 

Frequently I see increasing volume on the non dom traverse from pt2 to pt3 and then pt3 forms with decreasing volume in the dominant direction. This is not a rare occurence and it continues to confuse me.

--------------------------------------------------------------------------------

 

 

 

Three things create the scenario you describe.

 

1. Formation Break Outs (as you have in your clip)

 

2. 'Missed' (ommitted annotation) channels

 

3. Intra-Bar Gaussian Shift (Price switches from Dominant to Non-Dominant Intra-Bar)

 

If you have any (or a combination) of the three, anticipate seeing increasing Volume on the Non-Dominant Traverse.

 

- Spydertrader Check out the "increasing" black bar at 10:05 est.First it comes after the dom red down sequence then the market forms a ftp(see number 1 scenario above) formation and breaks out on "increased" volume but this is still a non-dominant event.This "aha" explained the volume pane confusion but what about the price pane? Then i found this by spyder"Gaussian lines track dominant vs non-dominant Price Movement".Price movement? WOW.If the red down sequence is dom than this black price sequence has to be non-dom and next the dom sequence will be red and that would complete the order of events at least on this fractal.Of course, you got the nesting and possible ve's plus maybe fanning the rtl but this really helped me "see" things better.hth

02-03-09.thumb.jpg.53271ed5c01a3c51d4a89da6fd64b408.jpg

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...
OBs are new PT1s.

R2Rs are were black RTLs are crossed.

Try to be very accurate with your annotations, and build them up from the finest observable both on volume and price.

5aa7103e21993_es1015trav.png.9bc714e1a5e493ee7a8bdd69a60be54f.png

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This is what led to my question about ES only or needing to use the YM?

 

Your latest annotations bring you much, much closer to the actual information provided by the market.

 

Some things to keep in mind:

 

1. Your Pink (first one) down Traverse has a Point One in the incorrect location. If the medium pink trend lines represent acceleration, you do not have a new Point One. The first tape, the first traverse and the channel itself all have the same Point One (Red Number One on your chart) - always and without exception.

 

2. Note the Pace changes. Pace influences all frctals - not just medium and thick.

 

With respect to the use of the YM, pull up a YM chart for the timeframe of your final down traverse (ending at 10:30). What does the YM show you that you cannot see on the ES? Now, look back at the ES. What thing appears to have obscured your view?

 

Use the YM to locate answers for when you find yourself 'stuck.' Apply these answers onto the ES. Soon, you'll see through the fog which appears to obscure your current view.

 

In such a fashion, you'll learn how not become 'stuck' in the first place.

 

HTH.

 

- Spydertrader

 

Edit: Please note the above post with respect to the use of the YM does not advocate use of the YM for trading purposes (even though, one could do so with positive results). The above post advises using the YM for learning purposes during periods of debrief in an effort to learn to see that which a trader might not yet have learned to see.

 

Nothing more. Nothing less.

Edited by Spydertrader
clarification of YM use

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"Your current 'view' of the market as transitioning from increasing to decreasing to increasing again (in terms of Volume) doesn't provide the most accurate interpretation. Instead, monitor from the standpoint of dominant to non-dominant and back to dominant again.

 

Use the Gaussians as an 'indicator' of dominance in order to have them 'match' the trend lines. On many of my charts, the non-dominant portion of the Gaussians do not have the same color as the Volume bars tracked. In other words, the Gaussian lines track dominant vs non-dominant Price Movement, rather than Volume bar coloration. The subtle difference often sits where one finds the market 'mode'.

HTH.

 

- Spydertrader"

 

A few portions of spydertrader's comments jumped out at me.First,NON-DOM GAUSSIANS many times DO NOT have the SAME COLOR as the volume bars tracked.Second,dom vs non-dom gaussian lines track PRICE MOVEMENT,rather that volume bar coloration.Third,use the gaussians as an "INDICATOR" of dominance.Hence the emphasis on dominant gaussians and less on non-dom gaussians as my "indicator" of market dominance.hth

:) From outside may seem amusing how we read the same things, but emphasize and conclude different things. To me the highlighted phrase says that alternation in dominance should be reflected in the annotated color (as it is important), but that it is not always the same as the volume bars' color. For a red container the gaussians should be R2R2B2R while volume bars may not exactly mirror this (note: the first R is the last non-dominant of the previous, overlapped black container).

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... Check out the "increasing" black bar at 10:05 est...
Me view is that the up move starts on the 0955 bar (5th bar of that day), and then accelerates. That chart dates from before this thread, and it doesn't include the adjusted carry-over.

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Me view is that the up move starts on the 0955 bar (5th bar of that day), and then accelerates. That chart dates from before this thread, and it doesn't include the adjusted carry-over.

 

Interesting observation.So if this chart had been degapped the 9:55 bar would be a pt 1 of the new up sequence and spydertrader would have annotated the carryover differently?

02-03-09.thumb.jpg.8ec0bca22343819d20aed5a1e3a4300b.jpg

Edited by patrader

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Your latest annotations bring you much, much closer to the actual information provided by the market.

 

Progress! :cool:

 

The first tape, the first traverse and the channel itself all have the same Point One (Red Number One on your chart) - always and without exception.

 

Thank you for this. On a somewhat related note, is it possible to have more than just a down Traverse(s) en route from Pt 1 to Pt 2 of a Channel? For example, would it be possible to have Down Traverse > Up Traverse > Down Traverse between Pt 1 and Pt 2 of the Channel?

 

I have always believed that Pt 1 to Pt 2 of a Channel must be a "single" (acc's notwithstanding) Traverse. But over the last few days I have begun to question this assertion.

 

2. Note the Pace changes. Pace influences all frctals - not just medium and thick.

 

I want to do some more investigation on this before I pester you with my craziness. :)

 

With respect to the use of the YM, pull up a YM chart for the timeframe of your final down traverse (ending at 10:30). What does the YM show you that you cannot see on the ES? Now, look back at the ES. What thing appears to have obscured your view?

 

Yes! I knew I was on the right track here! A bit more investigation to gain some certainty and this one will be put to bed.

 

Use the YM to locate answers for when you find yourself 'stuck.' Apply these answers onto the ES. Soon, you'll see through the fog which appears to obscure your current view.

 

In such a fashion, you'll learn how not become 'stuck' in the first place.

 

HTH.

 

- Spydertrader

 

Edit: Please note the above post with respect to the use of the YM does not advocate use of the YM for trading purposes (even though, one could do so with positive results). The above post advises using the YM for learning purposes during periods of debrief in an effort to learn to see that which a trader might not yet have learned to see.

 

Nothing more. Nothing less.

 

I felt like I had just sat down for an all you can eat buffet while reading this post. Choice morsels everywhere!

 

Thank you so very much for your time and patience!

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... I have always believed that Pt 1 to Pt 2 of a Channel must be a "single" (acc's notwithstanding) Traverse. But over the last few days I have begun to question this assertion....
See post #4 .

threefractals-.jpg.6fa18bb364953531905196ac4bf02533.jpg

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:) From outside may seem amusing how we read the same things, but emphasize and conclude different things. To me the highlighted phrase says that alternation in dominance should be reflected in the annotated color (as it is important), but that it is not always the same as the volume bars' color. For a red container the gaussians should be R2R2B2R while volume bars may not exactly mirror this (note: the first R is the last non-dominant of the previous, overlapped black container).

 

Exactly.Most important for me is knowing where the market is in its order of events and whether the market is in a dominant or non-dominant sequence of the order of events not the "color" of my non-dominant gaussian line.I call the "point" of the first R(or B) a "1.5" because that is where the dominant side of R2R(or B2B) takes control.The first R(or B) is the retrace(non-dom) and the second part (dom)of R2R(or B2B) is the reversal breaking thru the RTL of the previous container.hth

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Some of you might find this chart from Spydertrader VERY informative.

 

Pay attention where points 123 are annotated because they are the points of a trading fractal.(aka traverse)

 

One can learn quite a few things analysing the green 123 (accelerated) starting at 11:50 (close of the bar) and how they fit into the context of blue 123 starting at 10:00.

 

The next area of interest is the pink 123 and the acelerated 123 inside of this traverse.

 

PAY ATTENTION to the POSITION AND COLOUR of the 123 starting at 13:35 (close of the bar).

 

Enjoy some ahas.

Chart..thumb.jpg.a9770c2470f9cbda5041100ff814f186.jpg

Edited by gucci
Stupid rules of TL.

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Some of you might find this chart from Spydertrader VERY informative.

 

Pay attention where points 123 are annotated because they are the points of a trading fractal.(aka traverse)

 

One can learn quite a few things analysing the green 123 (accelerated) starting at 11:50 (close of the bar) and how they fit into the context of blue 123 starting at 10:00.

 

The next area of interest is the pink 123 and the acelerated 123 inside of this traverse.

 

PAY ATTENTION to the POSITION AND COLOUR of the 123 starting at 13:35 (close of the bar).

 

Enjoy some ahas.

 

 

 

 

There is one VERY important question on the table here. WHY did the market suggest not to move a point 1 of an accelerated traverse (that started at 13:35) to 14:05?

 

PAY ATTENTION to the annotated TAPES.

 

Sometimes the only thing one has to do to solve a problem is to ask the right questions.:)

Edited by gucci

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There is one VERY important question on the table here. WHY did the market suggest not to move a point 1 of an accelerated traverse (that started at 13:35) to 14:05?

 

PAY ATTENTION to the annotated TAPES.

 

Sometimes the only thing one has to do to solve a problem is to ask the right questions.:)

 

Is it because we hadn't had a Brown P3 yet by 14:05?

And the reason we hadn't had a Brown P3 by 14:05 is because all price action is still contained within the first Tape from Brown P1 to Brown P2 until 14:10?

In other words, we can't have a new P1 of anything until we've had a P3 of the previous thing we were building?

And we couldn't have had the P3 until we had a separate container (Tape here 14.10 to 14.20) from P2?

Edited by zt379

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    • EURJPY DEPRECIATES TO LOWS NEAR 128.00 FOLLOWING COVID RESURGENCE   EURJPY Price Analysis – November 26 EURJPY pair fell for the third session in a row on Friday, depreciating to the area of recent lows in the 128.00 range. As the new strain of COVID weighs heavily on investors’ sentiment, strong buying interest in the Japanese yen puts EURJPY under added pressure in the sub-129.00 levels. Key Levels Resistance Levels: 130.50, 130.00, 129.61 Support Levels: 127.00, 126.50, 126.00 EURJPY Long term Trend: Ranging On Friday, the EURJPY opened higher at 129.31 and moved lower to 127.79 intraday lows losing almost 1%. The pair plunged, as bears emerged and traders focused on levels below 128.00. To investigate the bearish scenario, a decisive fall below 128.00 must be established. The pair may continue to fall into the next session, with bearish traders targeting the 127.00 area as a possible objective. As long as the 128.00 support level holds and the price is sustained above, more gains may be expected. A strong breakout of 128.50, on the other hand, would confirm that the rebound from 127.79 low has come to stay, bringing this low back into focus as a new bottom. EURJPY Short term Trend: Bearish The EURJPY is still trading bearishly from its October high of 133.47 on the 4-hour charts, and the intraday bias is still to the downside. If the resistance at 128.50 holds, a further drop is likely. A decisive rebound past 128.50, on the other hand, will consolidate on the entire rebound from 127.79 low level. The mid-term support turned resistance level of 130.00 will be the next level of contention. A break of revised support around the 128.00, on the other hand, might reverse the rebound and broaden the down leg from 130.00 with a new phase of the drop towards the mid 127.00 in the coming session.   Source: https://learn2.trade
    • Date : 25th November 2021. Market Update – November 25 – Solid US data lifts USD, Stocks, & Yields. USD (USDIndex 96.70) holds on at 16-mth highs; Strong set of US data yesterday GDP (2.1%) up a tick but missed by a tick, Claims (199k) at 52-yr low, PCE (0.4% m/m & 4.1% y/y), in-line & largest since Jan.1991, along with a big beat (5.9%) for GDP Price index, Durable Goods (0.5%) in-line, Personal Spending (1.3%) a big beat, Personal Income (0.5%) a beat, Trade balance a big beat (14.6%) on strong Exports, Inventories (-2.2%) a big miss, but shows demand is strong. Consumer Sentiment a beat and New Home Sales flat (745K) and missed. Stocks & Yields pushed higher, Oil held onto gains and Gold tested 3-week lows.   The FOMC Minutes showed (1) there could be a faster taper than the $15bn/mth currently planned, (2) Inflation could indeed be “persistent” (3) Clear division over 2022/23 rate hike cycle, Doves hold sway for now. US Yields 10yr trades at 1.644%, down from yesterday’s 1.694% high. Equities – Gains into the Holiday USA500 +10.76 (0.23%) at 4701 – USA500.F trades higher at 4713. USOil – peaked at $78.53 Inventories +1.0 vs -1.7 weakened prices – now at $77.65 Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD now 1.1216, having broken 1.1200, USDJPY now 115.36, from 115.50 & Cable back to 1.3350 from 1.3315 yesterday. Overnight – JPY PPI (1.0%) hit a 10-yr high, German GDP and consumer confidence both missed (1.7% vs 1.8% and -1.6% vs -1.0%) respectively. European Open – December 10-yr Bund future up 16 ticks, while US futures are slightly in the red. Bunds already outperformed yesterday, as EZ spreads widened in the wake of hawkish leaning ECB comments & confirmation that German finance ministry will go to the liberal FDP, which likely means more resistance to debt mutualisation across the EZ & more pressure on ECB to limit asset purchases. DAX & FTSE 100 futures are currently up 0.4% & 0.3% respectively & US futures are posting gains of 0.3-0.4%, suggesting markets are coping quite well with the prospect of less accommodative policies. Indeed, it seems to an extent that they welcome the CB’s acknowledgement that inflation risks could be less temporary than previously thought. Today – ECB Minutes, ECB’s Elderson, Schnabel, Lagarde and BOE’s Bailey Biggest FX Mover @ (07:30 GMT) CADJPY (0.20%) The rally from Tuesday’s low under 90.00 has been sustained with 91.25 being tested earlier today. MAs aligned higher, MACD signal line & histogram rising & over 0 line, RSI 61, H1 ATR 0.077, Daily ATR 0.707. 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 : 24th November 2021. Market Update – November 24 – USD & Yields Higher, Stocks Mixed, Oil Recovers. Trading Leveraged Products is risky USD (USDIndex 96.50) holds on at highs; EM currencies under particular pressure. (TRY lost 15% after Erdogan refused a rate rise). RBNZ raised rates but NZD fell (like the last time they raised rates!) JPY Inflation 2 ticks better than expected. USDJPY at January 2017 levels around 115.00. PMI data better across the globe, Stocks mixed in US & Asia, Yields bid, Oil recovered significantly and Gold pressured by yields. Biden invites Taiwan to its “Summit for Democracy”, WHO talks of additional 700k Covid deaths across Europe (Slovakia latest to talk lockdowns). US Yields 10yr trades at 1.667%, down from yesterday’s 1.684% high. Equities Mixed. Musk sold more stock, Banks & Oil majors lead. USA500 +7.76 (0.17%) at 4690 – USA500.F trades lower at 4684. USOil – rallied over 3% to $78.20 highs despite global strategic reserves being sold to cool prices. Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD down to 1.1245, USDJPY over 115.23, earlier now at 114.88 & Cable back to 1.3375. European Open – December 10-yr Bund future up 26 ticks, US futures also broadly higher. RBNZ delivered expected rate hike & markets seem to be scaling back fears of escalating inflation as even dovish leaning BoE & ECB members highlight risk of second round effects. ECB VP Guindos highlighted overnight that the drivers of inflation are becoming more structural, which adds to signals that the CB is finally ready to start reining in stimulus. DAX & FTSE 100 futures currently up 0.3% & 0.2% respectively. Today – Big data day ahead of Thanksgiving Weekend. – German Ifo, US Weekly Claims GDP, PCE, Durables, FOMC Mins. & ECB speak Biggest FX Mover @ (07:30 GMT) NZDJPY (-0.77%) RBNZ in-line but Dovish, sank from breach of 80.00 yesterday to 79.24, and 79.40 now. Faster MAs aligned lower, MACD signal line & histogram falling & below 0 line, RSI 35 & weak, Stochs OS. H1 ATR 0.17, Daily ATR 0.70. 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.
    • EURUSD HOVERS NEAR MULTI-MONTH LOW, UNDER 1.1250 LEVEL   EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading at 1.1253 at the time of writing, down 0.25 percent on the day. Key Levels Resistance Levels: 1.1525, 1.1422, 1.1300 Support Levels: 1.1200, 1. 1150, 1.1100 EURUSD Long term Trend: Bearish EURUSD has sunk to fresh multi-day lows, as seen on the daily chart, after extending the recent breach beneath the moving averages 5 around the 1.1300 level. This exposes the possibility of a deeper pullback and a re-test of the psychological support around 1.1200. Under the 1.1200 level, the euro’s underlying bullish attitude is in jeopardy. Overall, the EURUSD stays bearish while trading under the major horizontal support turned resistance and significant level at 1.1422. A breakout of the 1.1300 level, on the other hand, would aim for the 1.1350 level on the way to the 1.1400 zones. The fall of the 1.1200 zones, in the alternative scenario, is viewed as a bearish continuation indicator. EURUSD Short term Trend: Bearish The risk is weighted to the negative on the 4-hour chart, as the pair is developing below the firmly bearish 5 and 13 moving averages. Technical indicators have shifted to the downside, with negative levels. However, in the present scenario, the RSI has not yet reached oversold territory, allowing for more selling. On the upside, a break over the modest resistance level of 1.1300 might shift the intraday bias to neutral. On the downside, the 1.1200 zones provide initial support. The next important level of support is around the 1.1150 mark. If there are any more losses, the 1.1100 extension level of the low decline may be tested. Source: https://learn2.trade 
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