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Trump Feb Winhey everyone, I will be discussing the Trumpfeb token which is traded on FTX. This token will give one dollar to those that bought the token if Trump is still president on February 2021, or 1 dollar to the one that sold it. it is a token with leverage so quite risky to be honest, so do not try it if you are not used to leverage. I put this idea here as it will help me follow the different events and see how the market reacts to it. I disclose my position to you, I think Trump should win as he won before the shenanigans but it is sport to see how it plays out. I hold some Trumpfeb that I bought around the 1.10 on average. A lot has happened since the election, but I will talk only about the events starting today. If you have some comments to make or you want me to amend certain comments that are not factually correct, comments. I will update this idea daily, so come back to see how it changes. By the way, I will be impartial which means no emotions, if you see some partiality tell me. The green rectangle is the area at which if trump holds for several days win in my opinion. Cheers, Cryptomamy
T
by Cryptomamy
GBP/USD Long or Short?An interesting level here for cable, over the last few weeks we have seen a sharp rise with pound strength and USD weakness largely caused by the vaccine news, and the US election circus. Depending on how this uptrend level holds (highlighted in purple) will give a strong indication of direction. Technically it's in middle ground with strong arguments for against with key zones on both ends. Fundamentals will play a large part from Vaccine roll out, to Trump slowly handing over control and admitting defeat towards Christmas. If the trend holds and we start to see a push back to the high, a long order will be confirmed (Option A). If we are able to have a substantial break in trend, then short option B) would be our play. High on the watch list and will be posting orders on either scenario shortly. Good luck.
by Orion-Markets
AUDUSD LongFollowing the Elliott pattern on the 'Advanced Get' Tool. DXY weakness still which will stay the same until SPX slows a little. The risk seems pretty much off at the time of writing. IG Trader sentiment is 68% short, giving further validation of a contrarian view. COT data - Asset Managers are only 50.50% long whilst LEveraged funds are 60.89% Long. Meaning it's pointing north but slowly. This also marries the current chart situation. We can also see a bias to AUD over USD slightly shrinking this week from 86% to 85%. A couple of potential targets to close out the 5th wave on the Elliott formation, the MoB level, and up to the Fib extension are probable. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
USD Strength coming to town. DXYThere's a turn in the trend due around the 30th as part of the cycles. This lines up with an Oversold (currently - false bar stochastic) As well as the hyperextended S&P. This could be a good indication of the bubble growing and no place to run. Let's see... Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
TVC:DXYLong
by Mayfair_Ventures
ridethepig | Dollar into December📍 Dollar into December ... Here we are dealing with a sensitive situation, which we have discussed previously at earlier opportunities. One should not overlook the underlying strength of the dollar given it is the centrepiece of the currency board. After clearing the vaccine and all is roses newsflow, the next chapter of covid and risk is here into December - I am expecting dollar to find some short-term support, investors will take cover under the table while risk rushes into the room for the coming weeks. The manoeuvre is intended to provide a retrace from the impulsive leg down, but not too far. We must defend skilfully as sellers are already 'quite in love' with the dollar devaluation story. However, markets do not move in straight lines and some legs are worthy of participation. I personally think a pullback towards 94/95 before we can continue with artificial devaluation towards 80/75 in 2021. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:DXYLong
by ridethepig
9
Restraint at the highs📌 SPX has had its advance cut off; an attempt to cap it from the reckless advance allows the possibility of a panic blow which is decisive and impulsive in such situations, namely the invasion towards the pivot. This idea illustrates the stratagem of a major high against a 'positive' news flow. Since the Vol expansion is necessary for the defence of the highs, an exchange at 21/22 is the way we defend. You should memorise this move of forcing our opponent to make up their mind, after clearing the positivity newsflow around vaccine and etc we are going to have 'diversion' introduced. This should be considered playing against, contested elections and uncomfortable positioning from stimulus expectations leaves the entire board looking vulnerable. Thanks as usual for keeping the feedback coming 👍 or 👎
OANDA:SPX500USDShort
by ridethepig
13
USDCAD - Strength but not just yetWe have Monday as a new cycle so we could easily push into the middle of next week for the change in trend. At the moment, the Long is too obvious & with retail traders 75% Long, The price needs to drop to collect some more liquidity. Expect an extreme spike or a long candle that will scare most long positions. Last week saw Asset Managers start adding longs but Leveraged Funds adding a load of shorts. Take your time on the entry as it's the retail traders net Long that paint's a clear picture - who do the big boys sell to if all the little fish are already Long??? The Bias for this pair for institutional money is 85% CAD (AM) and 75% CAD for the (LF) Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
2
USDCHF - Drop to the zone and riseWith so many people now Long DXY, it's going to keep collecting liquidity for the sharp rise. It's now all about timing, Asset Managers and Leveraged funds are still short. Let's see what COT data shows tonight. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
2
ridethepig | NZDUSD Market Commentary 2020.11.25📍 My dear readers, it is clear what we are trying to achieve here.... a protection of the highs / resistance with initial targets at our centre / pivot and extension targets below at support. The control which belongs to buyers is blockaded and open to attack. It is expensive to maintain the highs; this means that the necessary pullback when energy exhausts is all too easy to ride. It appears quite appropriate to consider the Dollar selloff exhausted and an advance in DXY via extreme risk-off flows as investors look for cover under the table. Keeping a close eye on 0.70c as it turns out to be deceptive for buyers as the government is clearly feeling pressure from the RBNZ QE approach. Look to buy NZD but from cheaper levels, until then... looking to play the retrace lower. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by ridethepig
6
CONFIRM SHORT SPY Okay, So again I would like to emphasis here that, If you all are thinking this is breakout , NO IT IS NOT!!!! Volume on spy today was less than yesterday's volume that means dead cat bounce. Also comparing RSI with previous high and with such a move in day didn't gained much that means there was fight beat sellers and buyers. Market on close was in Imbalance on sell side with 400Million it's small but still it was on sell side. This is just the beginning .... My first target here is 350 followed by 342.... if supports that we can see small reversal.
AMEX:SPYShort
by STOCKBROS_95
6