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.

Recommended Posts

Agreed BlowFish,

 

We do seem to have adopted a "send us your hungry, unwashed, and unwanted" approach given some of the posters here.

 

As long as they stay in their threads and don't keep starting new ones in bursts of self-promotion they can be as mad as hatters or as honest as Chicago politicians and it really doesn't affect their welcome much.

Share this post


Link to post
Share on other sites
  jeffgroove said:
I have been reading a book called price action bar by bar, by al brooks. It seems pretty detailed, but like many reviewers on amazon mention, poorly edited.

 

Al's work is very good. He is doing a free webinar on Dec. 6 through futures magazine. check out thier wed sit for more info. he all so has a free wed site were he post his end of day charts. and explains what he was looking at through out the day. very helpfull if your trying to understand the nuances of his method.

 

Hope it helps

 

Funny thread was really a waist of my time to read. that is to bad.

Share this post


Link to post
Share on other sites

Not really sure why people are saying I am "giving price action a bad name". I just wanted to post up some charts of trade setups I have learned as a result of taking Nial Fullers course. I will just keep posting trades and people can decide for their self wither or not they choose to be negative. I am long off this daily pin bar that formed today. Target at 1.6600.

 

<a href=1260226967-clip-11kb.png' alt='126022696

Share this post


Link to post
Share on other sites
  pricetrader99 said:
I am long off this daily pin bar that formed today. Target at 1.6600.

 

 

What was the entry point and why?

 

Is your stop loss below the low of day or somewhere else?

 

Thus far you've not posted what is conventionally considered to be a "set-up." A "set-up" would include, at the very least, an explanation of how one is to make the decision to enter a position and the where and when of the entry, as well as establishing the initial risk of the trade.

 

If you are here to discuss and share what you have learned, we're all ears. But telling us you are long off this here pin bar is not at all useful.

 

Best Wishes,

 

Thales

Edited by thalestrader
typo

Share this post


Link to post
Share on other sites
  ZOSO said:
I like indicators. I think they get a Bad Rap by the PA cult.

 

Strangely enough, people are opening their wallets for this type of stuff too. LOL

 

 

2v1194k.jpg

 

Wait a minute - a trending indicator works when a market is trending? Bizarre. Now show a day of chop. ;)

Share this post


Link to post
Share on other sites

Hi pricetrader99 - as I was one of the critics - I apologise it was more a response to reading lots of sales info on the day - but I also think Thalestrader makes the point perfectly.

forums are easy to misread/mis-interpret etc; and there are only so many hours in the day.

I think all information can be valuable, but when people push a product/person/idea then it would ideally need more substance.:)

Share this post


Link to post
Share on other sites
  pricetrader99 said:
I am long off this daily pin bar that formed today. Target at 1.6600.

 

 

  thalestrader said:
TFunny thing about pin bars: Change the time frame and they disappear.

 

Now you see it, now you don't.

 

Best Wishes,

 

Thales

5aa70f7c5b3a3_GBPUSDPinBarNowYouSeeItNowYouDont1.thumb.jpg.94add1f52888438d57c37e08112e1c2e.jpg

Share this post


Link to post
Share on other sites
  thalestrader said:
Now you see it, now you don't.

 

Best Wishes,

 

Thales

 

Sure, you change the time frame, and you will see something else. trading is not a perfect science. It's about groups of people seeing the same thing and what it represents. There was no mistake that demand was present at that line, so the next logical movement is up. It doesn't mean that's what will happen. It just means that it should be the next logical step.

 

I agree that he could have been a little more desciptive but i just assume he went long at the close with no stop:doh:. Anyway.....

 

Happy Trading

 

Ektrader

Share this post


Link to post
Share on other sites

Thank you ektrader,

I did take a small loss on that trade. It's ok though because I manage my risk. In hindsight the market momentum was down so I was going against the trend which is not usually wise.

 

Here is a great setup called the "fakey" that Nial Fuller teaches. Go look it up on youtube, theres tons of free videos. This is my favorite setup; on the daily charts it works more often than not.

1260322305-clip-14kb.png

Share this post


Link to post
Share on other sites
  pricetrader99 said:
Thank you ektrader,

I did take a small loss on that trade. It's ok though because I manage my risk. In hindsight the market momentum was down so I was going against the trend which is not usually wise.

 

Here is a great setup called the "fakey" that Nial Fuller teaches. Go look it up on youtube, theres tons of free videos. This is my favorite setup; on the daily charts it works more often than not.

1260322305-clip-14kb.png

 

Man, why is everyone down on you? Is it because you're new? :confused:Oh well, anyway..

 

Hmmm. I don't know anything about this Nial Fuller guy. But I understand the setup. "fakey". I've heard several names for this chart pattern and here's sanew one to add to the list. I've heard it called pin needle, shooting star, no show, and now fakey. I think people will learn more by letting them know why the pattern happen, what it represents, and a description of how you trade them.

 

Happy Trading

 

Ektrader

Share this post


Link to post
Share on other sites

Why does Nial feel a need to sleeze it up here by having a lickspittle promoting him. Are there not enough suckers out there without spamming the site?

Share this post


Link to post
Share on other sites
  Kiwi said:
Why does Nial feel a need to sleeze it up here by having a lickspittle promoting him. Are there not enough suckers out there without spamming the site?

Looks to me like he just wants more google results for his name, so he can brag about him having a big one.

 

:haha: ... I mean a big number search result.

Edited by ekshay
grammar

Share this post


Link to post
Share on other sites
  ektrader said:
Man, why is everyone down on you? Is it because you're new? :confused:

No Ektrader. Not because he is new. But because he is a liar.

 

Just look for the inconsistencies.

 

First he says "I am wondering how other people use price action to trade ..."

When pointed to a popular price action thread, he replies with "I sort of wanted to get my own thread devoted to price action though. I've been learning from Nial Fuller, and he has a unique take on price action."

 

Now ofcourse, there is no mention of what and how is Nial's take unique. All I see in the pics is extremely BASIC Candlestick patterns.

 

Actually I don't even see what market he is trading. So, if he assumes we are intelligent enough to guess it, I am sure he doesn't assume we are ignorant of Candlesticks.

 

... BTW pt99, my broker's data doesn't have that Pin bar. So should I not take that trade ??? :confused:

 

Next ... he says "He has a bunch of videos on youtube that I recently came across ..."

And now after over 11 days of silence after people asked him to explain the rules of the 'setups' ... he's got "I just wanted to post up some charts of trade setups I have learned as a result of taking Nial Fullers course."

 

Oh wow. Now that you are a Nial Certified Trader, how about posting in the Trader P/L Thread. ;)

 

Anyway Ek, I can go on for a while, but we both know what the ROI is for this time investment.

Share this post


Link to post
Share on other sites
  ekshay said:
No Ektrader. Not because he is new. But because he is a liar.

 

Just look for the inconsistencies.

 

First he says "I am wondering how other people use price action to trade ..."

When pointed to a popular price action thread, he replies with "I sort of wanted to get my own thread devoted to price action though. I've been learning from Nial Fuller, and he has a unique take on price action."

 

Now ofcourse, there is no mention of what and how is Nial's take unique. All I see in the pics is extremely BASIC Candlestick patterns.

 

Actually I don't even see what market he is trading. So, if he assumes we are intelligent enough to guess it, I am sure he doesn't assume we are ignorant of Candlesticks.

 

... BTW pt99, my broker's data doesn't have that Pin bar. So should I not take that trade ??? :confused:

 

Next ... he says "He has a bunch of videos on youtube that I recently came across ..."

And now after over 11 days of silence after people asked him to explain the rules of the 'setups' ... he's got "I just wanted to post up some charts of trade setups I have learned as a result of taking Nial Fullers course."

 

Oh wow. Now that you are a Nial Certified Trader, how about posting in the Trader P/L Thread. ;)

 

Anyway Ek, I can go on for a while, but we both know what the ROI is for this time investment.

 

Ohh my! I guess Ill stay outta this one.....

 

Happy Trading

 

Ektrader

Share this post


Link to post
Share on other sites

Wow,

This seems to be a very hostile thread. I have no affiliation with Nial Fuller, I just recently purchased his trading course and I feel it is the best piece of forex educational material I have ever come across. One of the previous posters was implying that the way I trade is extremely "BASIC' because it relies on simple candlestick patterns. Well, I would agree with you, and I would like to ask you, why is that a bad thing? How is trading off the price data the market inherently supplies us with a bad thing? Have you found success in analyzing multiple lagging indicators? I doubt it. Most people realize indicators are a fools game pretty fast into trading. I honestly just wanted to find a good forum to share what I have recently learn and get others' take on price action trading. I really feel like all the hostility sent my way for apparently no reason is really strange. I will not fire back and sink down to a level that I have long since taken myself out of.

 

SO, in the effort to get back on the track of discussing price action and not petty insults...

Ektrader...

The "fakey" setup as I have learned it from Nial is when there is an inside bar or multiple inside bars followed by a false break of the last inside bar, this tends to suck in traders that always buy break outs and usually will come back the opposite direction quite strongly. I have not seen this taught any where else quite how Nial teaches it, which is why I have been talking about his methods alot on this thread. No, what he teaches is nothing ground breaking or mind blowing, but he has a natural flare for explaining things in a simple yet effective manner, that is why I am a supporter of his, and I love the fakey. Here is a chart of the fakey setup.

1260409185-clip-9kb.png

Arrow 1 is the inside bar, Arrow 2 is the false break bar, hence the "fakey" setup. It works especially well in the direction of the dominant trend. This chart is a daily chart of AUD/USD.

Share this post


Link to post
Share on other sites

If you are for real (and I doubt it based on your posts so far) then when you post these wonderful setups specify your target or profit capture mechanism and your stops as well.

 

FWIW, the fakey you show there doesn't match Nialls earlier videos particularly well.

Share this post


Link to post
Share on other sites
  pricetrader99 said:
I have no affiliation with Nial Fuller, I just recently purchased his trading course and I feel it is the best piece of forex educational material I have ever come across.

Good for you. Do post some charts with actual orders placed instead of red arrows.

 

I am one of those who believe that Forex waters are loaded beyond brim with Suckers, Scammers, and Bankers.

We presume you are not a Banker. You say you are not a Scammer. Then, what that implies is not such a good thing.

[sorry if this looks like a petty insult. It was not intended.]

 

  pricetrader99 said:
One of the previous posters was implying that the way I trade is extremely "BASIC' because it relies on simple candlestick patterns. Well, I would agree with you, and I would like to ask you, why is that a bad thing?

Well, I was that previous poster. Could you please read that line again.

 

Here's a copy ... "Now ofcourse, there is no mention of what and how is Nial's take unique. All I see in the pics is extremely BASIC Candlestick patterns."

 

See, I didnt say that the trading is basic, or that it is a bad thing.

What I was doing, was pointing that I have not seen anything SO unique that it would inspire a person to join a new forum and start a thread. :roll eyes:

... And then ignore everyone else's advice, because he has obviously found the holy grail.

 

We are still waiting for that big AHA that you are trying to send across.

 

  pricetrader99 said:
How is trading off the price data the market inherently supplies us with a bad thing?

Not at all. For that matter, everybody can ONLY trade off the price data the market inherently supplies. So good or bad is not even a choice.

 

But, if you are asking if anything is wrong with trading "price action", then that demands a clear definition of Price Action.

 

My perspective of PA is extremely narrow... its Tape Reading, trading off the Time and Sales Window ... [NOT available in MetaTrader]

If my decision-making is using more than last 5 minutes of price data, then ultimately, I am just using a lagging indicator ... even if its just a sentiment in my brain, and not a squiggly on my chart.

 

I understand that there are many who think Support-Resistance, Chart patterns, Candle patterns, Trendlines, Highs-Lows, etc. are PA. I am not saying my definition is right... I am saying that one must be clear about what they are talking about.

 

  pricetrader99 said:
Have you found success in analyzing multiple lagging indicators? I doubt it. Most people realize indicators are a fools game pretty fast into trading.

Well, actually I did. I did find success in analyzing multiple lagging indicators. Yes.

So did Edabreu, Larry Williams, John Carter, Alexander Elder, Joe DiNapoli, Ryan Watts, and many more.

For that matter, I recently discovered that the world-famous Turtles also use multiple Donchian Channels... talk about success with lagging indicators !!! :D

 

If you know any successful traders from your own city, you'll find that quite a few use RSI, or MACD, or Bollinger Bands, or Moving Averages, or whatever ... consistently and profitably.

 

The ONLY reason we ask newbies to remove indicators, is because they have never paid attention to the price at all, which is the reason they are failing.

A losing trader, to protect their ego, will often blame the indicator as the cause of loss.

We just give them a chance to really see the market, and try once more.

... Some people still lose ... and go off blaming everything from Astrology to Market Manipulators.

 

  pricetrader99 said:
Wow, This seems to be a very hostile thread.
  pricetrader99 said:
I honestly just wanted to find a good forum to share what I have recently learn and get others' take on price action trading. I really feel like all the hostility sent my way for apparently no reason is really strange.

Hostile? All we have been doing is telling you the etiquette of TradersLab.

 

What were we saying? Lets see.

 

- wjrusnak: I think you are on the right track to developing a good trading system. Most beginners aren't even thinking about price and what it's actually doing, as compared to lines crossing each other.

- wjrusnak: Explore the site, especially some of the stickies and popular threads in each area of the forum.

- BlowFish: You might want to review this thread. There are a couple of other good (if somewhat older) price action orientated threads here too.

- wjrusnak: I would call your "inside bar" a hinge and I would have taken the same trade. Two different ideas leading to the same trade. Refer to my chart below to see what I'm talking about.

- wjrusnak: what you'll want to pay attention to are support/resistance lines, trend lines, higher highs/lows, lower highs/lows, and different time frames. You will notice most of these concepts in anything you read about price action.

- BlowFish: Price action (manifesting as pin bars and inside bars) at longer term S/R is a pretty sound basis for a trade.

- BlowFish: Anyway I certainly don't want to derail your thread, really nice clear charts keep them coming.

- BlowFish: what size bars are they on the Aussie chart you posted? I could work it out but being lazy.

- sevensa: In all fairness, yesterday you just said it is an interesting setup. I count numerous other inside bars also in the chart you have posted that didn't result in anything. It is easy after the fact to point out the breakout when you ignore the inside bars that didn't do anything and only focus on the one that preceded a breakout.

- Thales: Funny thing about pin bars: Change the time frame and they disappear.

- Thales: you said nothing about a trade - no entry, no stops, no targets, no plan; nothing, that is, until after price had made a move and you then show up hours later and tell us how well your subscribers did.

 

And on and on it goes.

 

Where are the Stops? Why did you NOT trade a pin or inside bar earlier in the chart?

Can you predict a fakey? What if there was a fakey in the direction of the dominant trend?

 

On and on.

 

We are NOT being hostile. We are telling you the etiquette of TradersLab.

This is a Laboratory. We do things rationally and scientifically. We don't indulge with scammers or 'interesting' setups.

This is NOT a safe haven for keyboard jockeys.

 

And when a senior member with hundreds of thanked posts recommends you to read another thread, please understand that he is NOT selling you a course. He is suggesting something that will only make you a better trader. Atleast spend 10 min on that thread, and comment from a place of respect.

 

  pricetrader99 said:
I will not fire back and sink down to a level that I have long since taken myself out of.

Well, thank you. Hope you RISE to the level of TradersLab.

 

Try this now ...

- From tonight, post one or more daily charts, with a view of what you would do TOMORROW.

- Share the logic. Show the Stops. If your method has a defined way to Take Profit, show that too.

- Ensure that the charts clearly tell what currency pair and timeframe they are from.

- Would you be watching what price does tomorrow in a certain area... and if so, what timeframe chart would that be. If you miss it, no problem.

 

Hope you get the idea. Refer to other threads to see examples of this behavior. Thank you.

 

-------

 

Also, if Nial is reading this... We don't have any prejudice against Course or System vendors as long as they understand and respect the TL environment. There is Richard Todd, FulcrumTrader, Suri Dudella, and more.

Plus, as you can see in this thread, not a lot of suckers here anyway. Either use the thinking minds here, or just ignore the forum.

Share this post


Link to post
Share on other sites
  pricetrader99 said:
Wow,

This seems to be a very hostile thread. I have no affiliation with Nial Fuller, I just recently purchased his trading course and I feel it is the best piece of forex educational material I have ever come across. One of the previous posters was implying that the way I trade is extremely "BASIC' because it relies on simple candlestick patterns. Well, I would agree with you, and I would like to ask you, why is that a bad thing? How is trading off the price data the market inherently supplies us with a bad thing? Have you found success in analyzing multiple lagging indicators? I doubt it. Most people realize indicators are a fools game pretty fast into trading. I honestly just wanted to find a good forum to share what I have recently learn and get others' take on price action trading. I really feel like all the hostility sent my way for apparently no reason is really strange. I will not fire back and sink down to a level that I have long since taken myself out of.

 

SO, in the effort to get back on the track of discussing price action and not petty insults...

Ektrader...

The "fakey" setup as I have learned it from Nial is when there is an inside bar or multiple inside bars followed by a false break of the last inside bar, this tends to suck in traders that always buy break outs and usually will come back the opposite direction quite strongly. I have not seen this taught any where else quite how Nial teaches it, which is why I have been talking about his methods alot on this thread. No, what he teaches is nothing ground breaking or mind blowing, but he has a natural flare for explaining things in a simple yet effective manner, that is why I am a supporter of his, and I love the fakey. Here is a chart of the fakey setup.

1260409185-clip-9kb.png

Arrow 1 is the inside bar, Arrow 2 is the false break bar, hence the "fakey" setup. It works especially well in the direction of the dominant trend. This chart is a daily chart of AUD/USD.

 

  pricetrader99 said:
Hi,

I would like start a thread about price action analysis. I have recently started trading forex strictly off of price action setups alone and I have found it much easier than using indicators or any other system. I am wondering how other people use price action to trade from or what degree of success they have had using this method to trade forex or other markets. Has anyone heard of a guy named Nial Fuller? He has a bunch of videos on youtube that I recently came across and they seem very helpful. He also has some good free videos and info on price action on his website. Anyways, I would like to hear what people think about price action and maybe post up some charts of specific price action setups I have learned. Thanks.

 

 

nah... not a hostile thread... nor hostile people responding in a hostile way...

 

just a lot of tried traders speaking of the harsh reality of learning to trade

 

you asked for opinions... you get opinions.

 

not all the opinions are agreeable,

not all the opinions are worth reading (including this one, heheh)

but such is the life on an open forum.

 

 

 

the chart pattern looks interesting

 

but as in 99% of the setup out there,,,

they work when you look at it,

but don't work when you put money in it.

 

the reasons are simple,

1. vendors choose the best example for illustration.

2. we have selective eye sight, we tend to see what we want to see, and overlook what we don't

 

I haven't tested your pattern, but I can guarantee you,

if you put that pattern in a programmable charting software (e.g. MultiCharts or TradeStation),

you will quickly see that the possibilities are no more than 50%-50%.

 

Why do I know?

Let's say, there is nothing new under the Sun.

(I think that's from the bible... and that's a very old book.)

Edited by Tams

Share this post


Link to post
Share on other sites

p.s.

I am not saying there are no price patterns out there...

it is the market context that give the pattern meaning... not the pattern itself.

Looks like you have lots of reading material in the course you have purchased...

maybe it is the context we haven't understood from you.

Can you put some notes on the chart, alongside the arrows?

Edited by Tams

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.


  • Similar Content

  • Topics

  • Posts

    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. 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 Leveraged 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.
    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
    • Date: 1st April 2025.   Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?   Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend? Trade Policy From Tomorrow Onwards Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold. Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response. Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.   XAUUSD 1-Hour Chart   The Weakness In The US Dollar Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness. Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country. Can Gold Maintain Momentum? When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price. In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US. The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price. Key Takeaway Points: Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions. Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand. Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation. Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking. 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 Leveraged 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.
    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. 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 Leveraged 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.