- Indices -
Started a downtrend lost a crucial support and the selling continues today.
I think the downtrend will continue a while longer. I am aiming for that 2700-2800 area with the SnP.
The DAX and Dow Jones have the lowest spreads of them all, twice as cheap relative to the typical ATR than S&P500 EURUSD USDJPY GBPUSD. And also they behave "nice".
Bitcoin got better but a few weeks ago I compared the DAX to BITCOIN on the 1 minute chart and the difference was shocking.
They can be day traded.
- FX Majors -
Currencies still pretty dull, but there are a few things going on.
EURUSD dull
USDJPY ???
GBPUSD ???? Dull
AUDUSD did exactly what I said lol. Did not participate in it because all my conditions were not there.
USDCAD the price action is zero, and the range is 0.
USDCHF started moving, but it's probably going to turn back to dull like the rest.
No point buying a break. If it goes up up up I'll buy at the top (a little pullback).
USDMXN duller by the day
Let me zoom in maybe something is going on... The range still decent, it is "normally" 50% bigger than other FX.
EURJPY dull, even zooming in it's not that great. I can't play around this.
- Commodities -
Gold bottomed. BUT. You don't fool me. You don't fool me. You don't fool me. Da da da da dah. You don't fool me those shinny eyes. If it traps fomo bulls in the 1300-1325 area (People are asking questions like "With stock market so expensive will gold rally into a new bubble?" It is super early and some people cannot help but FOMO in as early as now); then guess what I will do? SHORT IT TO THE GROUND!!!!
(If every one knows about something then there is no edge)
Oil rapidly bounced, but failed to break 63$ and went back down. I considered re-buying if I see a triple bottom but no I am not going to. I will buy again in the next demand area shown here.
Soybean futures my man. Spreads are a little high but it's not awful either especially considering how dull currencies are. I'll join the downtrend at the end of the ABC correction.
- Crypto -
Bitcoin entered supply area today. the retailers with no experience and no clue are very massively betting on the upside and even started celebrating the end of the bear market (for the 20th time since 20k). Irrational exhuberance usually ends well :)
- FX minors -
GBPAUD maybe a quick buy here. EURAUD already going up. Maybe this one follows with a delay. Slow bots.
Swedish Krona still at all time low.
So to sum up:
Entire Forex market is dull, and I only see a few potential swing trades here & there.
Indices are downtrending. Possible day trades on Dax & DJI.
Gold baiting bulls I think. Will short when it "makes a new high and reverses the trend".
Oil I am going to buy back in at a lower price. IF.
Soybean futures I want to join the downtrend after an ABC completes.
Bitcoin exit pumping. Entered in massive supply today (after slowing down below it so I don't expect it to get far).
I might daytrade GBPAUD, that's pretty much all I got in the DUUULLL entire FX market.
That's all folks.
Started a downtrend lost a crucial support and the selling continues today.
I think the downtrend will continue a while longer. I am aiming for that 2700-2800 area with the SnP.
The DAX and Dow Jones have the lowest spreads of them all, twice as cheap relative to the typical ATR than S&P500 EURUSD USDJPY GBPUSD. And also they behave "nice".
Bitcoin got better but a few weeks ago I compared the DAX to BITCOIN on the 1 minute chart and the difference was shocking.
They can be day traded.
- FX Majors -
Currencies still pretty dull, but there are a few things going on.
EURUSD dull
USDJPY ???
GBPUSD ???? Dull
AUDUSD did exactly what I said lol. Did not participate in it because all my conditions were not there.
USDCAD the price action is zero, and the range is 0.
USDCHF started moving, but it's probably going to turn back to dull like the rest.
No point buying a break. If it goes up up up I'll buy at the top (a little pullback).
USDMXN duller by the day
Let me zoom in maybe something is going on... The range still decent, it is "normally" 50% bigger than other FX.
EURJPY dull, even zooming in it's not that great. I can't play around this.
- Commodities -
Gold bottomed. BUT. You don't fool me. You don't fool me. You don't fool me. Da da da da dah. You don't fool me those shinny eyes. If it traps fomo bulls in the 1300-1325 area (People are asking questions like "With stock market so expensive will gold rally into a new bubble?" It is super early and some people cannot help but FOMO in as early as now); then guess what I will do? SHORT IT TO THE GROUND!!!!
(If every one knows about something then there is no edge)
Oil rapidly bounced, but failed to break 63$ and went back down. I considered re-buying if I see a triple bottom but no I am not going to. I will buy again in the next demand area shown here.
Soybean futures my man. Spreads are a little high but it's not awful either especially considering how dull currencies are. I'll join the downtrend at the end of the ABC correction.
- Crypto -
Bitcoin entered supply area today. the retailers with no experience and no clue are very massively betting on the upside and even started celebrating the end of the bear market (for the 20th time since 20k). Irrational exhuberance usually ends well :)
- FX minors -
GBPAUD maybe a quick buy here. EURAUD already going up. Maybe this one follows with a delay. Slow bots.
Swedish Krona still at all time low.
So to sum up:
Entire Forex market is dull, and I only see a few potential swing trades here & there.
Indices are downtrending. Possible day trades on Dax & DJI.
Gold baiting bulls I think. Will short when it "makes a new high and reverses the trend".
Oil I am going to buy back in at a lower price. IF.
Soybean futures I want to join the downtrend after an ABC completes.
Bitcoin exit pumping. Entered in massive supply today (after slowing down below it so I don't expect it to get far).
I might daytrade GBPAUD, that's pretty much all I got in the DUUULLL entire FX market.
That's all folks.
Note
YESS!I hope the bots go crazy and sell and it snowballs :D
#SnP2000BYJUNE
Trade active
Note
That counts seems to be the right one:Trade closed: stop reached
GBPAUD did not bounce in the designated area
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.