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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
EUR/USD Moving On From Two Successful Trades - SHORT PositionIn this technical analysis I will walk you through the most important horizontal zones on EUR/USD at the moment that have given us great profits so far. If you recall, the first trade using smaller horizontal zones resulted in a beautiful short as displayed in this idea In combination with the weekday weekend effect, the price reversed beautifully. We are also entering a new week now so I expect a similar reversal to happen due to weekday weekend effect in confluence with the horizontal zone. Then, we had a subsequent beautiful trade with the same horizontal zones as the idea I am posting now on the previous idea here with a long position This just worked out beautifully. I intend to use these zones one more time for a trade that makes use of the scenario where the zones still hold. If it does, we're looking at a 250 pip opportunity here with great risk reward. I tried to make the chart as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message. -Trading-guru
Short
by Trading-Guru
10
Trump's Odds Drop to 33%, Easy 3x in 1 Month?Trump was diagnosed with COVID last night. His betting odds have dropped to under 34% which means you could easily triple your money if he wins. Chances are high (99%) that he will survive the infection. And chances are also very high that he will win the election. Many will say "look at the polls!" but as we know from the 2016 Wikileaks and election results, the polls are manipulated by oversampling democrats, and the mainstream media plays right into this bias: "I also want to get your Atlas folks to recommend oversamples for our polling" wikileaks.org "Hillary Clinton has an 85% chance to win." NYT. November 8th, 2016. "Chance of winning: Hillary Clinton 71.4%. Donald Trump 28.6%." FiveThirtyEight. November 8th, 2016 "Clinton has 90 percent chance of winning" Reuters. November 7th, 2016. "In the four way race, Clinton tops Trump by a 45-43 percent margin. She was up by three points a week ago (44-41 percent) and by six in mid-October (45-39 percent)" Fox News. November 5th, 2016. "Bottom line: Using the Princeton Election Consortium’s methods, a less aggressive assumption (sigma=1.1%) leads to a Clinton win probability of 95%." Princeton University. November 6th, 2016 Obviously the mainstream media polls and election forecasting methodologies cannot be trusted, and are being heavily manipulated by the center-right and the left. I would bet that Trump's chances of winning are very high, and that his base is quite fired up for him. According to a recent Gallup poll 94% of republicans support the president and 39% of independents support him as well. According a recent ABC News poll, only 86% of democrats have a favorable view of Biden (independent results not available). From what I've personally seen it seems most democrats are only voting for Biden because he's "not Trump," which doesn't give him much momentum. Had the democrats nominated a far-left candidate like Bernie Sanders, the results would be much harder to predict. I think the democrats will become radicalized after this election and nominate a far-left candidate, and they will likely win the 2024 election. For now, the radicalized far-right Trump has much more momentum than the middle-of-the-road center-left Biden, and there's a very good risk/reward ratio on this bet. Also there's a chance Trump's betting odds get even lower the closer we get to the election, like it did in 2016, so it might be a good idea to save some money for that. There's obviously no guarantee that Trump will win but the risk to reward here seems very good. (BTW this is not a political statement, just simple observation. I will be voting for the Libertarian Party candidate. I don't support either authoritarian party.)
TLong
by Intuit
Potential GBPJPY ShortIT looks like a messy H&S pattern potentially. With a crazy rally over the last 24 hours, it could be setting up for an almighty drop. The Covid Vaccine is a few months away & other companies fell over at the next stages. UK still has Brexit to look forward to, Biden is pro Euro. So a few potential pitfalls for the UK. I think the rally was 100% down to selling off of the Yen and not buying of the Pound. Let's see - leave comments and thoughts below. 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.
Short
by Mayfair_Ventures
DXY looks bullish on the monthlyIn this very simple chart you can see that DXY is holding support at the 92 level for few months now. Vertical lines are marking those areas where the stoch was below the 20 level and made a bullish cross. Looking at it I am bullish on the US dollar for the next 3-5 years, unless this 90-92 level gets broken. Can Biden's term be better for the mighty US $$$ than Trump's term? We'll see... Btw, if you look at the yearly chart the 21 EMA is at this same level, holding support.
TVC:DXYLong
by Crypto_Burger
S&P 500 Yearly Forecast (Nov 2020 - Nov 2021)S&P 500 Index (SPX) (November 18th 2020 through November 2021) Low: 3010.3 points High: 3876.6 - 3900 points There could be some great buying opportunities ahead of us in the coming year, can't wait to see what 2021 brings us. Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
TVC:SPXShort
by Hambooger
5
Can the market rise more during Biden's Presidency than Trump's?This is a simple chart showing the performance of the S&P500 under each President since the Ford administration is 1974. As you see contrary to popular belief, the stock market in modern times has done (much) better under a Democrat President. Bill Clinton has had the strongest performance with more than +200% in gains from the day he went into the office till the day he left, while George W. Bush the worst and the only negative with -34% in losses. Also this pattern shows that after every Republican Presidency, the Democrat administration that follows performs (much) better. Carter almost tripled Ford's performance, Clinton more than tripled George H. W. Bush's score. Needless to say what Obama did to George W. Bush's disappointing Presidency. So in my opinion Wall Street shouldn't be seeing Trump's defeat as a setback, but as the start of a Presidency of more stock market gains than Trump's. History has a tendency to repeat itself. Wouldn't you agree? Let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> seba26-77 --------------------------------------------------------------------------------------------------------
TVC:SPXLong
by TradingShot
40
SPY: A Trump & Biden ElectionI think the market is smart. We need to read its psychology. I received countless texts, calls and DM's about this election year and the potential results. Well its tough. I have many friends on both sides of the spectrum and some of Biden's and even California's tax plans is really important to understand. While it would potentially take years and months to implement and Republicans are anticipated to control Congress and a decent control in the Supreme Court. This is important in providing the Check's & Balances in our Primarily Two Party System. (I see you Green & Libertarian Party). Thus far we are in a consolidation phase. It is hard to call this pattern a rising wedge...which often leads to a bear reversal. Is that something we are going to see under Biden? Or do we predict one final big run in the market and if Biden win's we can potentially see huge sell off's prior to the execution of his tax plan. Its a big WHAT if scenario. I will be very honest and say I am not to sure about who is going to win. Biden looks to have the advantage with the various votes coming in at the last minute. I'll leave conspiracies and my personal political values on the sideline. Chart Wise: We set two Lower Highs. Two Higher Lows. Consolidation theory makes sense considering the election year. IF we want to hit a big final push into HH...which seems a bit insane in this market, but potentially possible if Trump wins. The amount of people who have sat sidelines cash and waiting for a Orange Hair win is quite large. I know real estate developers and investors who told me if Trump wins they will go full steam ahead in their developments and acquisitions. So can this be a big driver for people who have money? Maybe. I also heard of many saying they will pull out of the market if Biden wins and slowly decrease their ownership of stock to preserve portions of their wealth. What is MOST important during this time is to BUY LOW & SELL HIGH. Be patient. Try not to touch anything at ATH's. The best posture is a defensive one. That being said I opened position around the time of the second lower high. It was a easy trade that benefitted me greatly in the last two days. So if you are willing to take a little risk try and enter as close to the bottom of the symmetrical triangle. Again, these are all my personal opinions and not professional advice. Do your own due diligence and trust your own gut. If you have any other perspectives please let me know! I would like to continue to educate myself and see how other trades think and perceive the markets. Thanks again. Stay safe & Happy Hunting! Reg.
AMEX:SPYLong
by regalia
3