Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

walterw

Playing with the VMAR`s open research

Recommended Posts

As I am researching all the diferent combinations we have for timing since fantailvma3 ... here is another very simple one I already commented on the previous videos...

 

On the 1 min chart with the fantailvma3 template (just that)... notice the last thick yellow line actually is the fantailvma3 base line... that line has two possible conditions :

 

_Outside Rainbow

 

_Inside Rainbow

 

so that suggest that this line will have this dynamic :

 

"Get Outside the Rainbow"

 

"Get Inside the Rainbow"

 

this events can be used for timing purposes... specially the "Get Outside the Rainbow"...

 

On this chart I show this definition in action... very simple and straight forward..

 

attachment.php?attachmentid=2939&stc=1&d=1190125161

 

It is a clean and leading definition... cheers Walter.

5aa70e0381fa2_getoutside.thumb.png.ef9e98df6a0f837861b5fb0d52cb3c17.png

Share this post


Link to post
Share on other sites

Yep some egg going around.

GBPJPY has some hard and fast drawdown tests when you chase bank money.

Kinda tells you when you arent wanted along for the ride. Very devious.

 

AUDUSD is a good choice, low spread, active, not too active.

 

Found out why you say to ignore 5 min chart once the trade is running.

Very confusing to find 1min in HE but 5 min laddering.

Not sure how much of that comes from the arbitrary way ticks are allocated to bars and to the arbitrary timing of which 1min bar gets to be the first into a 5 min bar.

That was part of why I would like to run 5min curves from inside the 1 min chart, so both sets of curves run off 1 min bars.

Share this post


Link to post
Share on other sites

Here I post the two trades we had on "VMAR Icons" with this last timing definition of fantailvma3 yellow base line "Get outside the Rainbow"... on 1 min chart

 

attachment.php?attachmentid=2940&stc=1&d=1190125819

 

nice cool entries on 1 min with solid arguments on 5 min... cheers Walter.

5aa70e03d0f1b_vmariconstiming.thumb.png.987a7747bac3ae00655e365fe28757f1.png

Share this post


Link to post
Share on other sites

This is a video on this 1 minute timing definition... I believe I am feeling confortable with this one... If I get stopped with this one on an eventual noise situation (very few thanks to vma), it will be a very tight stop actually, as I can see this leading entry calls for a very nice competitive RRR.... cheers Walter.

 

All comentaries welcome...

1 Minute Timing Definition.swf

Share this post


Link to post
Share on other sites

Hi Bruce, I dont want to be annoying... wondered if we will have any chance of making a tighter vma (just baseline/ no rainbow) than the vma3 baseline.. is this mathematically posible ?

 

My idea is to have a turbo ( 1 line) tighter than the yellow baseline added in the chart so we can see this "micropullbacks" while the vma3 yellow line keeps laddering on...

 

So my idea is this: have plotted all the fantailvma3 template + this more tight line showing this price action...

 

I emulate my idea on this graph :

 

attachment.php?attachmentid=2942&stc=1&d=1190128229

 

so this tighter line could tell us a little more information... just an idea, if its actually posibble, other wise I will re-create an entry definition for this cases where the yellow line keeps going on without any pullback... cheers Walter.

idea.thumb.png.a399ab2faebeba832a15b0d4b6a10330.png

Share this post


Link to post
Share on other sites

I dont know if this is the right place to talk about this new setup, but as it comes from the optimization process we are dealing here I will do it here...(on its first presentation) once this takes more form I will open a new thread on this new setup, so we can be more specific on this trades... and keep threads clean...

 

I am talking about the prospect "5 min Laddering" trade...

 

On previous post I already presented some basic concepts of this trade with charts and videos... I would say this are the smaller universe "vmar icons" because the icon concept still is in there and here we start to integrate one great concept vma has wich is laddering...

 

Now positive laddering from a small time frame doesnt have so much significance as positive laddering on a higher time frame, for example the positive laddering of a 5 min chart is much more significant than 1 min...

 

and as I like to find my trade arguments on a more robust timeframe like 5 min... then positive laddering on 5 min really is our shot here...

 

How does possitive laddering on a 5 min chart look like ?

 

attachment.php?attachmentid=2945&stc=1&d=1190130321

 

simple, you have an HE going on and we he ends, and the black lines starts to continue on the same original direction, thats a "positive laddering"...

 

notice I am using fantailvma1 on 5 min.... gotta take coffe... continue on next post... cheers Walter.

5aa70e0417332_positiveladdering.thumb.png.a38ab2cb935b7a32108a4b958b63c92c.png

Share this post


Link to post
Share on other sites

My idea is to have a turbo ( 1 line) tighter than the yellow baseline added in the chart so we can see this "micropullbacks" while the vma3 yellow line keeps laddering on...

 

So my idea is this: have plotted all the fantailvma3 template + this more tight line showing this price action...

#---------

It had been my intention to do something like that.

I see the use for it.

I think something might be done.

 

The idea had been to have both Fantail1 and 3 on together.

But what we seem to need is 3 and something faster still.

It will mean having 1min chart zoomed right in, it is easy to lose sight of the trend and end up trying to trade a flat market that way.

OK good idea.

Share this post


Link to post
Share on other sites
My idea is to have a turbo ( 1 line) tighter than the yellow baseline added in the chart so we can see this "micropullbacks" while the vma3 yellow line keeps laddering on...

 

So my idea is this: have plotted all the fantailvma3 template + this more tight line showing this price action...

#---------

It had been my intention to do something like that.

I see the use for it.

I think something might be done.

 

The idea had been to have both Fantail1 and 3 on together.

But what we seem to need is 3 and something faster still.

It will mean having 1min chart zoomed right in, it is easy to lose sight of the trend and end up trying to trade a flat market that way.

OK good idea.

 

 

I will aprecciate that Bruce, It will probably give us the final picture we need from all the speed universes... cheers Walter.

Share this post


Link to post
Share on other sites

This is annoying me at the moment.

The way 80% of the fantail is showing an uptrend for 80mins while the price actually goes nowhere. Its like it is telling a lie.

 

You have to trade with these things before you find what works for you or against you.

WhatTrend.thumb.png.a87d338940f44448313ce02a93df03ad.png

Share this post


Link to post
Share on other sites
This is annoying me at the moment.

The way 80% of the fantail is showing an uptrend for 80mins while the price actually goes nowhere. Its like it is telling a lie.

 

You have to trade with these things before you find what works for you or against you.

 

We could call that an annoying pause ¡¡

Share this post


Link to post
Share on other sites

Walter

 

More than a month ago I did an improvement on my own indicator system.

By coincidence, about a month ago the market suddenly got a whole lot more devious and my stress level went nuts.

Well last night thanks to VMA I finally woke up.

Yep left a line of old code in the "improvement" that should have been deleted.

So maybe that nightmare is finally over and I can start being more help with interpreting VMA performance.

 

Right now I saw the market going into what I call "mischief mode", it alternates fake moves with real moves and keep you totally uncertain about which trend will emerge.

 

Now when I see mischief mode, the rule is don't enter, don't trust anything until there is more obvious trend and if you are in this market wishing you were out then you have to follow your rules for drawdown and stoploss because you are going to get no signals you can rely on until things start moving properly.

 

You may know the right word for what I call mischief, here is what it looks like. The good news is that 5min VMA3 was HE at the time, if that usually happens then it will be a good guide for "wait for action".

Mischief.png.d8fd12922ba5b6d44c92077bfba7d644.png

Share this post


Link to post
Share on other sites

I am so glad Bruce for all this improvements you are going thru... certainly the HE on 5 min its of great help ¡¡ encapsulating noise of an erratic pause into an horizontal line... can you believe that ? such a stupid thing... but how powerfull it is...

 

I am also on this state of epiphany... I am on a technical rebirth myself too... the implications of vma are outstanding ¡¡

 

I see you use the 3rd version on 5 min... what are the diferences where you find more edge than the 1rst version on 5 min ? would like to know.. cheers Walter.

Share this post


Link to post
Share on other sites

Walter

 

Apologies for yesterdays posts, it would be best to ignore them.

 

The mischief mode referred to in the above post has continued with similarities and differences in later countertrend moves.

 

I would describe that period as weak trend and high volatility for the amount of trend. To me it seems best suited to either fast scalping or a long slow single trade relying on the weak trend, but only if you have reason to feel you can trust a weak trend.

 

I would be inclined to trend scalp or stay out.

That is, sell the rise and close fast on the dip, forget the long scalps.

Not good RRR.

 

One reason I have the "volume" indicator on my charts, is that sometimes these swings get smaller and smaller and the price may slowly move against the old trend. It works as a trap for a trend scalper. Two signs of this trap are swings getting smaller and volume dying away.

Share this post


Link to post
Share on other sites
I am so glad Bruce for all this improvements you are going thru... certainly the HE on 5 min its of great help ¡¡ encapsulating noise of an erratic pause into an horizontal line... can you believe that ? such a stupid thing... but how powerfull it is...

 

I am also on this state of epiphany... I am on a technical rebirth myself too... the implications of vma are outstanding ¡¡

 

I see you use the 3rd version on 5 min... what are the diferences where you find more edge than the 1rst version on 5 min ? would like to know.. cheers Walter.

 

Walter

I had also been on something of an epiphany before my indicator turned reality upside down on me.

 

I did not get time to even demo trade the old version much.

I knew its "insides" were in poor shape, so my effort went into that.

Using the older version, to me it is like driving Fred Flintstones car, you know, no engine, you gotta push it with your feet.

 

I know that using a different setup from you just confuses things for you and everyone else, but it is the only realistic way for me to analyse VMA3.

 

For example, when I use #3 on both charts I can expect them to behave much the same way. Often the HEs happen together, which is reassuring.

 

But sometimes I see 1min HE or nearly and 5min laddering and still moving with a trend that the fast 1min VMA can't "see".

 

Now that was unexpected, the fast VMA was expected to always lead, but here we have the slow one leading.

So is there an entry/exit rule for this case?

In the case I just saw there was a 15 pip reversal so it was a sign to scalp out maybe. Need to see more cases.

 

Would it be better to have just two 1min charts but with one zoomed out to look like a 5 min chart and use a slower VMA for that one? It might make my job much easier if both VMAs used the same bar data, I dunno yet.

 

But if I use #1 and #3 I am comparing apples with pears, there are lots of reasons for the two charts contradicting each other so I learn nothing.

 

So all I need from 5min is the bigger picture and a general idea of trend strength, I dont need the more standard test of trend that you need.

 

But to me research has to go in a slightly different direction from the present.

Please talk about this if I am taking things off track.

#========

 

"encapsulating noise of an erratic pause into an horizontal line... can you believe that ? such a stupid thing... but how powerfull it is..."

 

That is it, it is "stupid" yet it is a genuinely useful tool, seems a bit impossible.

But then you don't complain because a hammer is stupid, its a good tool for the right job. Strange.

Share this post


Link to post
Share on other sites
Walter

 

Apologies for yesterdays posts, it would be best to ignore them.

 

The mischief mode referred to in the above post has continued with similarities and differences in later countertrend moves.

 

I would describe that period as weak trend and high volatility for the amount of trend. To me it seems best suited to either fast scalping or a long slow single trade relying on the weak trend, but only if you have reason to feel you can trust a weak trend.

 

I would be inclined to trend scalp or stay out.

That is, sell the rise and close fast on the dip, forget the long scalps.

Not good RRR.

 

One reason I have the "volume" indicator on my charts, is that sometimes these swings get smaller and smaller and the price may slowly move against the old trend. It works as a trap for a trend scalper. Two signs of this trap are swings getting smaller and volume dying away.

 

Walter

I had also been on something of an epiphany before my indicator turned reality upside down on me.

 

I did not get time to even demo trade the old version much.

I knew its "insides" were in poor shape, so my effort went into that.

Using the older version, to me it is like driving Fred Flintstones car, you know, no engine, you gotta push it with your feet.

 

I know that using a different setup from you just confuses things for you and everyone else, but it is the only realistic way for me to analyse VMA3.

 

For example, when I use #3 on both charts I can expect them to behave much the same way. Often the HEs happen together, which is reassuring.

 

But sometimes I see 1min HE or nearly and 5min laddering and still moving with a trend that the fast 1min VMA can't "see".

 

Now that was unexpected, the fast VMA was expected to always lead, but here we have the slow one leading.

So is there an entry/exit rule for this case?

In the case I just saw there was a 15 pip reversal so it was a sign to scalp out maybe. Need to see more cases.

 

Would it be better to have just two 1min charts but with one zoomed out to look like a 5 min chart and use a slower VMA for that one? It might make my job much easier if both VMAs used the same bar data, I dunno yet.

 

But if I use #1 and #3 I am comparing apples with pears, there are lots of reasons for the two charts contradicting each other so I learn nothing.

 

So all I need from 5min is the bigger picture and a general idea of trend strength, I dont need the more standard test of trend that you need.

 

But to me research has to go in a slightly different direction from the present.

Please talk about this if I am taking things off track.

#========

 

"encapsulating noise of an erratic pause into an horizontal line... can you believe that ? such a stupid thing... but how powerfull it is..."

 

That is it, it is "stupid" yet it is a genuinely useful tool, seems a bit impossible.

But then you don't complain because a hammer is stupid, its a good tool for the right job. Strange.

 

 

Bruce your posts do not disturb... by no means... I think yesterdays post reminded me all the Drumond school I have as backgroud and I really got identified on this concepts...

 

It is obvious that each trader will find what makes him feel more confortable... when I show my setups, I dont pretend to be followed to the rule, thought I try to present all MY rules as clear as possible not leaving anything out, so if the strict followor wants to follow to the detail, he can be able to do so... on the other hand you can get to see the intrinsic concepts we are dealing here... from there on many traders can start building their own strategies and shaping them to their needs...

 

What you are explaining above, I believe to understand "some"... in this case I would promote some visual aid as charts with comentaries so we can get to grasp the real concept you are explaining here... I know the core concept here is arround HE`s... and I believe grasping its power can change the course of any traders career... cheers Walter.

Share this post


Link to post
Share on other sites

 

Would it be better to have just two 1min charts but with one zoomed out to look like a 5 min chart and use a slower VMA for that one? It might make my job much easier if both VMAs used the same bar data, I dunno yet.

 

.

 

 

If this could be programmed... and the lines that represent the 5 min vmar could be achieved at least similar on the 1 min... it could be interesting... but still, would the task be worth it ? only experimenting could tell that... cheers Walter.

Share this post


Link to post
Share on other sites
Walter

 

Apologies for yesterdays posts, it would be best to ignore them.

 

The mischief mode referred to in the above post has continued with similarities and differences in later countertrend moves.

 

I would describe that period as weak trend and high volatility for the amount of trend. To me it seems best suited to either fast scalping or a long slow single trade relying on the weak trend, but only if you have reason to feel you can trust a weak trend.

 

I would be inclined to trend scalp or stay out.

That is, sell the rise and close fast on the dip, forget the long scalps.

Not good RRR.

 

One reason I have the "volume" indicator on my charts, is that sometimes these swings get smaller and smaller and the price may slowly move against the old trend. It works as a trap for a trend scalper. Two signs of this trap are swings getting smaller and volume dying away.

 

I agree on taking profits when they are there... it may be better bussiness to trade more trades than to hope for big moves... still I am surprised on the case of my "5 min laddering" trade how nice decent moves he gets... and a nice clean exit I will get to describe more later on that thread, that tends to take money in a smart fashion and not a greedy hope style.... cheers Walter.

Share this post


Link to post
Share on other sites

I have to agree that vma3 on 5 min has its own properties, I need a 30 hours day to be able to test all this particular edge... man so many alternatives here... but in terms of laddering, very interesting indeed ¡¡ cheers Walter.

 

now I will get some sleep... :zzz:

Share this post


Link to post
Share on other sites
I have to agree that vma3 on 5 min has its own properties, I need a 30 hours day to be able to test all this particular edge... man so many alternatives here... but in terms of laddering, very interesting indeed ¡¡ cheers Walter.

 

now I will get some sleep... :zzz:

Yes same problem for me.

Plus VMA4 will make what difference??? dunno yet.

London open was kinda slow so I doubt if you missed much.

Get a good zzz.

Share this post


Link to post
Share on other sites

Clym

In post 23 on Walters Trend Trades I gave you an MT4 version of Bemac's VT code. It turns out to perform poorly on spikes compared to simpler input logic used by Igorad, so recommend you make life simpler as follows.

 

if(Close[i-1]>High)TH=Close[i-1];

else TH=High;

if(Close[i-1]<Low) TL=Close[i-1];

else TL=Low;

TR=TH-TL;//2 bar unnormalized price difference

 

if(High>High[i-1] && Low>=Low[i-1]) PDM=High-High[i-1];//2 bar unnormalized price difference, >=0.

else PDM=0;

 

if(Low<Low[i-1] && High<=High[i-1]) MDM=Low[i-1]-Low;//2 bar unnormalized price difference, >=0.

else MDM=0;

Share this post


Link to post
Share on other sites

Maybe that was just another passing thought Walter.

HE sometimes seems so easy, its like you don't need much else.

Been heavily into vma4, so not much thoughts of anything else.

Gee the fantails look good on screen.

Markets a bit mobile, some nice trading maybe.

But for now, just vma4 in my head, enjoying it too.

Hope it goes well with you.

Share this post


Link to post
Share on other sites
Maybe that was just another passing thought Walter.

HE sometimes seems so easy, its like you don't need much else.

Been heavily into vma4, so not much thoughts of anything else.

Gee the fantails look good on screen.

Markets a bit mobile, some nice trading maybe.

But for now, just vma4 in my head, enjoying it too.

Hope it goes well with you.

 

vma4 sounds good ¡¡ lets leave this genius concentrate ¡¡¡ cheers Walter.

Share this post


Link to post
Share on other sites

Hello Walterw and all, very nice threads that you have put there. I really see a lot of efforts. I really like you explanations about the VMAR concept and your videos are excellent and very enlightening.

 

I have a question for all of you. Would be very interested to incorporate this analysis in my forex trading and I am wondering if someoen is familiar with Ensign Sofware language and how I can develp an indictor for the VMAR template on Ensign Software.

 

Thank in advance a lot of pips to all

 

Sincerely

 

Shreem:)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 21st November 2024. Gold Regains Momentum as NVIDIA Delivers a Revenue Surge! NVIDIA beat earnings expectations, and nearly doubled revenue on an annual basis. NVIDIA stocks dip slightly despite strong earnings and a strong forecast for the current quarter. Analysts expect market participants to purchase the dip. The Japanese Yen wins back some ground as Bank of Japan Governor indicates the regulator will be willing to hike to support the FX market. Gold, Silver and other Metals all rise due to predictions of high retail and institutional demand and geopolitical tensions remaining high. NASDAQ – NVIDIA Surpasses Earnings Expectations! The NASDAQ took a sudden dip on Wednesday measuring 1.50%, however, investors quickly took the opportunity to purchase at the lower price as most indicators fell to give an oversold indication. As a result, the NASDAQ ended the day only slightly lower than the open price, but downward momentum remains this morning. The downward momentum is partially due to geopolitical tensions which are on the rise. Yesterday, Ukraine fired UK-made missiles into Russia and fired US-made the day before. There are also reports and speculations that Russia has sent ICB Missiles into Ukraine for the first time. However, reports are not confirmed, and there are signs of certain stocks recovering. Currently, there is no economic data which is driving the lack of demand, therefore investors are mainly concentrating on NVIDIA earnings. NVIDIA beat earnings expectations by 8.50% and revenue by 5.90%. Investors were particularly impressed by the significantly higher revenue which has almost doubled annually. In addition to this, the forecast given for the current quarter came in relatively strong. Lastly, the CEO, Jenson Huang, said to Bloomberg that demand exceeds supply but the company is setting in place measures to boost supply in order to meet the high level of demand. Taking into consideration the strong earnings, positive tone and upbeat forecasts for the coming quarter, many may wonder, “why is the stock declining 2.50% during this morning’s Asian session?”. This is partially due to the lower risk appetite, but also due to certain forecast expectations for NVIDIA not being met. The average NVIDIA forecast expectations from Wall Street firms was $37.1 billion, which NVIDIA comfortably surpassed. However, certain firms had expectations as high as $41 billion. Based on these higher expectations, the company underachieved and could trigger a lack of demand from this sector of Wall Street. Though many analysts continue to expect shareholders to purchase the lower price as long as the stock market will remain favorable.   EURJPY – BOJ To Consider Hike! The EURJPY declines for a second consecutive day, particularly gaining bearish momentum after this morning’s Bank of Japan press conference. The main takeaway from the press conference was that the Governor told journalists that the BOJ was willing to hike interest rates in the upcoming months but decisions will be made meeting by meeting. The Bank of Japan’s decision to raise interest rates in July was influenced in part by the weak Yen, which had driven up import costs and inflation. At the Europlace Financial Forum in Tokyo, Governor Kazuo Ueda emphasized that exchange-rate fluctuations are a key consideration in shaping economic and inflation forecasts. He noted that the central bank carefully examines what is driving these currency changes when assessing their impact. The EURJPY now trades below the 75-Bar Exponential Moving Average and below the 50.00 on the RSI. In addition to this, the exchange rate continues to form lower swing lows while the Euro underperforms against most currencies. These indications point towards a potential downward price movement.   Gold – Geopolitical Tensions Send Gold on a Bullish Path! Gold has increased in value for a fourth consecutive day, driven largely by geopolitical tensions. Additionally, the absence of significant US economic news has left markets uncertain about the Federal Reserve’s next move. Gold is currently witnessing an active buy signal from most momentum-based indicators due to the strong bullish momentum. For example, traders are able to see the price trading above the Bollinger Band, within a bullish moving average crossover and significantly high on most oscilators. However, investors should note as the price increases, the asset can become overbought and this may trigger a retracement, a correction or sideways price movement. In terms of geopolitical tensions, hopes for a Middle East ceasefire are being tempered by Russia’s revision of its nuclear doctrine, which aims to strengthen its borders after the US-approved long-range strikes from Ukraine reached deep into Russian territory. Meanwhile, Donald Trump’s re-election has yet to significantly influence the conflict, though markets remain optimistic about potential positive developments following his January 20 inauguration. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.  
    • AMD Advanced Micro Devices stock with local support and resistance at 131.19, 138.37, and 146.97 at https://stockconsultant.com/?AMD
    • MD Pediatrix Medical stock watrch, good trend, pull back to 14.42 support area with good trade quality at https://stockconsultant.com/?MD
    • WGS GeneDx stock watch, pull back to 70.29 gap support area with bullish indicators at https://stockconsultant.com/?WGS
    • Date: 20th November 2024. Market Rebounds as Putin Signals Readiness for Peace Talks; Focus Shifts to NVIDIA! US Stocks drop to a 2-week low after Ukraine fired US-made missiles into Russia, but rebound in the US session. Putin updates nuclear doctrine, allowing Russia to strike Ukraine if it uses weapons from nuclear-armed nations. Walmart again beat earnings expectations pushing the stock 3.00% higher. Earnings Per Share beat expectations by 8.00%. The Japanese Yen loses momentum and corrects back to previous lows. The US Dollar maintains strong bullish momentum. UK Inflation Rate rises from 1.7% to 2.3% supporting the GBP despite budget concerns continuing. NVIDIA is set to release their quarterly earnings report after market close. NVIDIA stock has risen more than 5.00% indicating the market expects a beat. NASDAQ – All Eyes On NVIDIA Earnings Report! The NASDAQ ended Tuesday 0.71% higher despite coming under significant pressure during the Asian and European session. The NASDAQ fell 1.20% during the day’s first two sessions due to geopolitical tensions triggering a much lower risk appetite. This is due to the US as well as other countries agreeing to allow Ukraine to strike Russia with foreign made weapons. Ukraine quickly took advantage of this by firing ATACMS into Russia. Russia responded by changing their nuclear weapon use doctrine. Here we can see why the global stock market fell rapidly. However, why did the market recover during the US session? During the US session, the risk appetite and confidence of the market improved as the White House confirmed nothing changes with Russia changing their Nuclear Weapons Doctrine. In addition to this, President Putin also said that he would be willing to start peace talks with President Elect Trump. Lastly, the market also took the opportunity to purchase the lower price since NVIDIA’s earnings report is imminent and Walmart already beat their earnings expectations. Walmart is not a component of the NASDAQ, but has improved the sentiment towards the US stock market. NVIDIA, which is on the NASDAQ, is set to release their quarterly earnings report after market close. NVIDIA stock rose 4.89% yesterday and a further 0.47% this morning indicating the market expects a beat. Analysts expect the company’s Earnings Per Share to rise from $0.68 to $0.75 and revenue from $30.04 billion to $33.14 billion. As no US economic data is set to be made public throughout the day, investors are solely concentrating on geopolitical tensions and earnings. The price of the NASDAQ rose above the 75-bar exponential moving average on the 2-hour chart for the first time since 14th. Traders will be monitoring whether the index will be able to maintain momentum above this level and if the price may also rise above the 100-bar SMA. Traders will be waiting for the NASDAQ to regain bullish momentum and if so will act accordingly. Buy signals are likely to rise if the price increases above $20,764.30 and intensifies above $20,777.93. GBPUSD – UK Inflation Rises Above Expectations! The price of the GBPUSD increased in value taking the exchange rate to a 1-week high, but concerns remain according to analysts. The exchange rate is trading 0.30% higher after the UK made public their latest inflation rate. The UK inflation rate rose from 1.7% to 2.3% which is higher than previous expectations and considerably higher than the previous month. The GBP is currently the best performing currency with the Pound index trading 0.21% higher. However, the second best performing is the US Dollar Index which is trading 0.14% higher. Therefore, investors need to be cautious that a retrace or correction is still possible while the US Dollar Index remains high. Currently the Pound is coming under pressure from the Autumn Budget and from farming strikes which are continuing. However, comments from the Bank of England could support the currency. The BoE warns that planned National Insurance hikes in the Labour budget may drive up prices, slow wage growth, and reduce hiring. Significant inflation could force prolonged tight monetary policy. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.