Hello JPADVISOR. please can you help me by sending me your template? thank you in advance and good continuation
Alien's Extraterrestrial Visual Systems
- #21,666
- Jul 5, 2019 2:16am Jul 5, 2019 2:16am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
NFP today:
"A weaker-than-expected data will likely bolster fears of a deeper economic slowdown in the Eurozone’s biggest economy and reinforce expectations of European Central Bank rate cuts, sending the EURUSD lower toward the 100-day MA support, currently at 1.1260. The currency pair is currently trading largely unchanged on the day at 1.1284, having faced rejections above 1.13 earlier this week. The spot may rise above the psychological resistance if German factory orders blow past expectations. The German data, scheduled for release at 06:00 GMT, is expected to show the factory orders in Eurozone’s manufacturing powerhouse fell at a seasonally adjusted rate of 0.1% month-on-month in May, having increased by 0.3% in April. In annualized terms, factory orders are forecasted to drop 5.7% in May, following a 5.3% slide in the previous month.
GBPUSD follows the recent tendency of no change ahead of the US traders’ return from the Independence Day holiday, also amid cautious sentiment prevailing prior to the key employment statistics from the US.Global investors remain on the sidelines despite the UK political headlines continue. Among them, The Guardian’s news report conveying the promise of a lavish spending plan by the British Prime Minister (PM) candidate Boris Johnson and Conservatives’ preparing for a snap election in October, via FT, might have been important in an otherwise case. Additionally, news reports from China’s SCMP that the dragon nation might not respect recently agreed trade truce unless the US lifts bans off the Huawei were also largely ignored. Even so, Reuters released strategists’ poll expecting 5% upside of the Cable. USDJPY has been ranging sideways between 107.70 and 107.90 in Friday's Asian trading so far, in absence of fresh catalysts and ahead of the main event risk - the US NFP."
"A weaker-than-expected data will likely bolster fears of a deeper economic slowdown in the Eurozone’s biggest economy and reinforce expectations of European Central Bank rate cuts, sending the EURUSD lower toward the 100-day MA support, currently at 1.1260. The currency pair is currently trading largely unchanged on the day at 1.1284, having faced rejections above 1.13 earlier this week. The spot may rise above the psychological resistance if German factory orders blow past expectations. The German data, scheduled for release at 06:00 GMT, is expected to show the factory orders in Eurozone’s manufacturing powerhouse fell at a seasonally adjusted rate of 0.1% month-on-month in May, having increased by 0.3% in April. In annualized terms, factory orders are forecasted to drop 5.7% in May, following a 5.3% slide in the previous month.
GBPUSD follows the recent tendency of no change ahead of the US traders’ return from the Independence Day holiday, also amid cautious sentiment prevailing prior to the key employment statistics from the US.Global investors remain on the sidelines despite the UK political headlines continue. Among them, The Guardian’s news report conveying the promise of a lavish spending plan by the British Prime Minister (PM) candidate Boris Johnson and Conservatives’ preparing for a snap election in October, via FT, might have been important in an otherwise case. Additionally, news reports from China’s SCMP that the dragon nation might not respect recently agreed trade truce unless the US lifts bans off the Huawei were also largely ignored. Even so, Reuters released strategists’ poll expecting 5% upside of the Cable. USDJPY has been ranging sideways between 107.70 and 107.90 in Friday's Asian trading so far, in absence of fresh catalysts and ahead of the main event risk - the US NFP."
Per aspera ad astra
- #21,667
- Edited 2:11pm Jul 8, 2019 9:28am | Edited 2:11pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Best and worst performers in half a year.
Per aspera ad astra
- #21,670
- Jul 11, 2019 2:28am Jul 11, 2019 2:28am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
{quote} So based on this chart, forex is not an option? Btw, equities and indexes trades well with Alien method? And which one broker you are using?
With Alien you can trade any market.
Is up to you to choose how much you want to risk.
Personally I like to trade the Dax.
I recommend to use brokers like Pepperstone or Dukascopy that are ECN and can give you little spreads like 1.5 on the Dax.
Cheers.
Per aspera ad astra
DD
- #21,674
- Jul 22, 2019 3:03am Jul 22, 2019 3:03am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Overview for this week:
"According to a weekend poll conducted by the polling firm You Gov, Tory voters are approximately 75% in favour of Boris Johnson becoming the next U.K. prime minister, with only 25% for Jeremy Hunt. The voting-decision will be announced on Wednesday July 24th although by Monday 22nd the Tory party hierarchy will already know the result. The Tories challenge will be how to spin the outcome in order to prevent no-deal Brexit fears growing once Johnson takes up the office. FX markets may have already priced in the outcome for the U.K. pound based on Johnson being the overwhelming favourite during the voting process. Alternatively, based on markets being mostly reactive as opposed to reactive, GBP could rise or fall based on Johnson’s first acceptance speech and the cabinet of ministers he appoints. GBP/USD is still trading close to the recent two year lows printed last week, whilst EUR/GBP is trading close to seven month highs with many analysts predicting parity with both USD and EUR if a hard, Johnson induced Brexit occurs. The USA economy will come under the microscope on Friday as the latest GDP readings are published. The expectation is for GDP to have fallen to 1.8% from 3.1% on an annualised QoQ basis for Q2. Such a Q2 level could give credence to the claims that the growth in the USA is financial growth only, as exhibited by the record high equity markets underpinned by excessive debt. Durable goods order data and various house building and home resale metrics, may deliver an indication of the depth of USA GDP strength. Analysts, investors and traders will be concerned that there’s little evidence that Wall Street growth is trickling down to Main Street. However, this week is a busy session for earnings results, therefore, if earnings beat forecasts equity markets and the indices could have the justification to print new record highs."
"According to a weekend poll conducted by the polling firm You Gov, Tory voters are approximately 75% in favour of Boris Johnson becoming the next U.K. prime minister, with only 25% for Jeremy Hunt. The voting-decision will be announced on Wednesday July 24th although by Monday 22nd the Tory party hierarchy will already know the result. The Tories challenge will be how to spin the outcome in order to prevent no-deal Brexit fears growing once Johnson takes up the office. FX markets may have already priced in the outcome for the U.K. pound based on Johnson being the overwhelming favourite during the voting process. Alternatively, based on markets being mostly reactive as opposed to reactive, GBP could rise or fall based on Johnson’s first acceptance speech and the cabinet of ministers he appoints. GBP/USD is still trading close to the recent two year lows printed last week, whilst EUR/GBP is trading close to seven month highs with many analysts predicting parity with both USD and EUR if a hard, Johnson induced Brexit occurs. The USA economy will come under the microscope on Friday as the latest GDP readings are published. The expectation is for GDP to have fallen to 1.8% from 3.1% on an annualised QoQ basis for Q2. Such a Q2 level could give credence to the claims that the growth in the USA is financial growth only, as exhibited by the record high equity markets underpinned by excessive debt. Durable goods order data and various house building and home resale metrics, may deliver an indication of the depth of USA GDP strength. Analysts, investors and traders will be concerned that there’s little evidence that Wall Street growth is trickling down to Main Street. However, this week is a busy session for earnings results, therefore, if earnings beat forecasts equity markets and the indices could have the justification to print new record highs."
Per aspera ad astra
- #21,675
- Jul 25, 2019 3:05am Jul 25, 2019 3:05am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
To take into consideration:
"There are several red lights currently flashing for the U.S. economy, but when investors are locked into the herd mentality of risk-on sentiment and behaviour, many of the key economic fundamentals which analysts respect tend to be ignored. On Wednesday the latest IHS Markit U.S. Manufacturing PMI came in at 50.0 for July 2019, the lowest reading printed since September 2009 and below market expectations of 51.0. The 50 line represents the dividing line between contraction and growth suggesting that despite the massive tax breaks and the Trump administration’s commitment to MAGA (make America great again), only Wall St. has enjoyed significant growth since his inauguration. According to IHS Markit data output in July contracted the most since August 2009 and new work from overseas declined at the fastest pace since April 2016, while employment in manufacturing dropped for the first time in six years. The latest GDP growth figures for reading for Q2 will be published on Friday afternoon and if as forecast the print comes in at 1.8% falling from 3.1%, the FOMC might feel justified in cutting the key interest rate from 2.5% at the end of their two day meeting on July 31st"
"There are several red lights currently flashing for the U.S. economy, but when investors are locked into the herd mentality of risk-on sentiment and behaviour, many of the key economic fundamentals which analysts respect tend to be ignored. On Wednesday the latest IHS Markit U.S. Manufacturing PMI came in at 50.0 for July 2019, the lowest reading printed since September 2009 and below market expectations of 51.0. The 50 line represents the dividing line between contraction and growth suggesting that despite the massive tax breaks and the Trump administration’s commitment to MAGA (make America great again), only Wall St. has enjoyed significant growth since his inauguration. According to IHS Markit data output in July contracted the most since August 2009 and new work from overseas declined at the fastest pace since April 2016, while employment in manufacturing dropped for the first time in six years. The latest GDP growth figures for reading for Q2 will be published on Friday afternoon and if as forecast the print comes in at 1.8% falling from 3.1%, the FOMC might feel justified in cutting the key interest rate from 2.5% at the end of their two day meeting on July 31st"
Per aspera ad astra
- #21,678
- Aug 8, 2019 2:12am Aug 8, 2019 2:12am
hi guys, we have a trendline from 2012 on the EURCAD Monthly. What do you think? Good point to go long? {image}
I would be careful to go long on EU yet (if we are talking about swing trading).
In the pic above, we can see that although W S21 is sloped to make an x-cross upwards, main trends on monthly, weekly and daily are still rather bearish. Even in the case of a bounce from the support that you mentioned, that may prove to be just a mere correction after which downmove might be expected.
- #21,679
- Aug 8, 2019 3:42am Aug 8, 2019 3:42am
Forecast using Alien System
Precautions: Trading involves risk and you know that. I'm making this forecast for the sake of self-study based on reviews from other members. Don't trade based on these forecasts unless you know what you are doing.
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AC
No bottom seen on the pair, as price breached support held since 2013.
But as we have this outstanding system, we can tell at which levels we may expect a correction. As price is hanging around psych-level 0.90 and in addition to that we see how W Stochs are bunched together; on D we have div; on H4 we see cross of ADX 89 and 144 we may consider it as a temporary support, which would hold bears for a while. In the coming week or two it is suggestable to stay aside and watch how market finds top and continues its bearish momentum later.
Fundamentally, this weakness of AUD stems from trade wars and general risk aversion mode of investors (although stock market keeps rising, but is rather reasoned by rate cuts from Fed). Unless, we see some hints into resolution of "USA v. China", AUD is in my "sell" list.
Attachment g
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AChf
AUD needs correction on majority of pairs and AChf is not an exception. There is D S8 div and h4 adx 89 and 144 seem to cross soon.
Unless you see h4 s21 starts to curve downside and crosses lvl 50, I would suggest to sit on hands.
Bears also struggle to break record low level in sensible manner yet.
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AJ
Another AUD pair which should be checked to go short on. Unless, W s8 starts to retrace, we should look for d s8 and h4 s21 to top and go down soon.
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AN
Pair is mixed. W s8 has potency to make x-cross, however Stochs on W and D are flat without one definitive direction. I would sit on hands until picture gets more clear.
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AU
Some bullish correction is happening on pair right now, but this one is soon to find the top and turn down for more of a bearish momentum.
Precautions: Trading involves risk and you know that. I'm making this forecast for the sake of self-study based on reviews from other members. Don't trade based on these forecasts unless you know what you are doing.
____________________________________________________________
AC
No bottom seen on the pair, as price breached support held since 2013.
But as we have this outstanding system, we can tell at which levels we may expect a correction. As price is hanging around psych-level 0.90 and in addition to that we see how W Stochs are bunched together; on D we have div; on H4 we see cross of ADX 89 and 144 we may consider it as a temporary support, which would hold bears for a while. In the coming week or two it is suggestable to stay aside and watch how market finds top and continues its bearish momentum later.
Fundamentally, this weakness of AUD stems from trade wars and general risk aversion mode of investors (although stock market keeps rising, but is rather reasoned by rate cuts from Fed). Unless, we see some hints into resolution of "USA v. China", AUD is in my "sell" list.
Attachment g
____________________________________________________________
AChf
AUD needs correction on majority of pairs and AChf is not an exception. There is D S8 div and h4 adx 89 and 144 seem to cross soon.
Unless you see h4 s21 starts to curve downside and crosses lvl 50, I would suggest to sit on hands.
Bears also struggle to break record low level in sensible manner yet.
____________________________________________________________
AJ
Another AUD pair which should be checked to go short on. Unless, W s8 starts to retrace, we should look for d s8 and h4 s21 to top and go down soon.
____________________________________________________________
AN
Pair is mixed. W s8 has potency to make x-cross, however Stochs on W and D are flat without one definitive direction. I would sit on hands until picture gets more clear.
____________________________________________________________
AU
Some bullish correction is happening on pair right now, but this one is soon to find the top and turn down for more of a bearish momentum.
- #21,680
- Aug 8, 2019 6:05am Aug 8, 2019 6:05am
BTCUSD
Bitcoin is an instrument that has rarely been discussed in this thread. Nevertheless, I analyze it on weekly basis as well.
A great bullish swing happened on D, which could have been entered, if one watched S21 rolling over to the upside. That, however, seem to be just the beginning, as D S21 and 100 are heading into lvl 80, and W S8 so to Slingshot to Green Stochastic.
It may just need a small pullback, as price is hanging around a confluence level.
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CADCHF
D x-cross significantly moved price lower. W s8 is doing the same. More of a bearish move is on the way. As H4 tops and goes down, one could consider going short.
Take into consideration, however, a strong support of a channel, which could fend bears off.
Bitcoin is an instrument that has rarely been discussed in this thread. Nevertheless, I analyze it on weekly basis as well.
A great bullish swing happened on D, which could have been entered, if one watched S21 rolling over to the upside. That, however, seem to be just the beginning, as D S21 and 100 are heading into lvl 80, and W S8 so to Slingshot to Green Stochastic.
It may just need a small pullback, as price is hanging around a confluence level.
________________________________________________________________________
CADCHF
D x-cross significantly moved price lower. W s8 is doing the same. More of a bearish move is on the way. As H4 tops and goes down, one could consider going short.
Take into consideration, however, a strong support of a channel, which could fend bears off.