DX.F trade ideas
Still Long way to Move up , Alternative Charting Analysis I have made Efforts in Presenting the chart in alternative Charting Method, which clearly gives us an Edge of Market movement and its sentiments current and future
Having said using alternative charting Method, its essentially important to note they ignore time factor, but reliable in Pattern identification, Trend confirmations,
and remove Major Complexity in Traders Mind about the stability of Trend factors
Expect the USDINR pair to behave in the same manner (relatively)
at Once someone told me that it's Impossible, or at least he said I am not in line with Industry's Forecasting Methods or Practice s
But fact is they never made Money,
Today I am very much Proud of My Knowledge, which resulted in earnings nearing to half billion ($500 Millions) in 5 Years
So Friends its up to you what Methods you want to adopt, every method has its own Rules & Guidelines, all you need is to follow the rules set by yourself
Follow your dream with set of Methods and rules that support your business
Good luck
CRUCIAL NFP DATA AHEAD!!!Market are betting on fed rates in today mainly. If NFP comes stronger than expected, markets might plunge giving fed signal to raise interest as economy is healthy. However of it comes weak, markets will speculate fed might slow down rates. US Dollar Index could rebound towards the 114.80 high.
During last OPEC meet on Wednesday OPEC decided in its first one-on-one meeting since 2020 to cut production by up to 2 million barrels per day from November. Oil prices have fallen to around $90 a barrel from $120 in early June, amid growing fears of the prospect of a global economic recession. However, still not knowing how long will it last and with what intensity, predictions are useless for now.
On the other side US opposes such a move, as OPEC keeps oil prices high, resulting in inflationary pressures on consumers and production costs. More specifically, President Biden is disappointed by OPEC's short-sighted decision to reduce production quotas while the global economy deals with the continuing negative effects of Putin's invasion of Ukraine. At a time when maintaining global energy, supplies are of the most importance, this decision will have the most negative impact on low- and middle-income countries that are already struggling with high energy prices. At Biden's direction, the Energy Department will release another 10 million barrels from the Strategic Petroleum Reserve into the market next month.
As per opinion looking at the history US do not have a tendency to remain quiet after this big opposing move however based on current situation they not declare straight economic wars against each other however the COLD WAR has already been started and rumours are coming that all the upcoming moves from US are taken under the same considerations, now the Big question arises here is today's NFP will really be based on country's conditions or the it will be based on the Running conflict between other countries, Let's wait for few more hours and we have our answers,
For more details and further discussion on this matter even on any other market knowledge feel free to DM us...
How to get a 4:1 Risk reward ratio trade in Doller index (DXY)Previously, DXY encountered a fail downside attempt.
Upon reversing, I entered the trade when RMO indicator (RMO by Lazybear) turned green
Stop loss : - Low of the Bar - (Range of the bar)
The index was initially supported by Kijun Sen but later it gave in. Lower Time frame DMI was also choppy. But, I stayed in trade as it didnot hit the SL
I took out the profit at levels mentioned in the chart.
The trade trade was carried with SL below EMA 20 and H2 DMI support.
The trade closed when price broke EMA20 .
Profits were taken at 1.2, 2.4 and 4.4 RR.
My initial target was 2:1 RR. But went very good
DXY next move (Ready to complete correction)Go through the analysis carefully, and do trade accordingly
(CURRENT ANALYSIS)
TODAY ANALYSIS...…
Trading tips: XXXXX
Buy/Sell @XXXX
TP1 @XXXX
TP2 @XXXX
TP3 @XXXX
TP4 @XXXX
Sell/Buy Stop @XXXX(OPTIONAL)
Best of luck👍👍👍👍
Never risk 2% of principal to follow any position.💗💗💗Go through the analysis carefully, and do trade accordingly
DXY next move (ready to make a correction)Go through the analysis carefully, and do trade accordingly
(CURRENT ANALYSIS)
TODAY ANALYSIS...…
Trading tips: XXXXX
Buy/Sell @XXXX
TP1 @XXXX
TP2 @XXXX
TP3 @XXXX
TP4 @XXXX
Sell/Buy Stop @XXXX(OPTIONAL)
Best of luck👍👍👍👍
Never risk 2% of principal to follow any position.💗💗💗Go through the analysis carefully, and do trade accordingly
US DOLLAR CURRENCY INDEX VIEW! Hello, us dolar curency index trading @113 on harmonic level 1.618 can correct if breaks can go upto @120 & @127 (targets identified from swing high & harmonic xabcd patern level 1.131) above @113 indian stock market will fall. Fiis puling out money from stock market. CAPITALCOM:DXY
$ indexI now believe that we will take off Into a BULL RUN soon. When I co-relate the DXY on a Monthly scale, the wave counts Clearly tell Me that we will TOP at 118 $ apprxx, so what does this mean ?????
1. We have an apprxx 6% upside on the DXY.
2. That in all probability 99.99% World Markets will bottom out 6% from Current levels.
DJIA at apprxx 28000 - 28700
SnP at apprxx 3450.
Nifty at apprxx 7200.
Gold at apprxx 1575$.
When I look at the above figures,,,,, They fit in Perfectly with my Projections AS OF NOW as well.
There is TOOOOOOOOOOOOOO MUCH Bear Market Noise currently... and I think the BOLD who Go out and Venture will be Rewarded
Nifty and WORLD MARKETS analysis It is a very unique analysis of the DXY. Dollar index has shown a bearish divergence on chart within 7 candles of weekly time frame . It means ongoing bullish trend has weakened.DXY and World markets ,nifty have inverse relationship in trend momentum. If DXY shows negative price action,start making long positions in equity.