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

goodoboy, here's another bit of conflicting advice to add to the mix--while some type of approach is important, only a good plan is worth following. The market may not agree with your plan, in which case it would be foolish to adhere to it (I did this yesterday in fact). It comes down to reading what the market is doing. Early exits, both for winners and losers, if there is a good reason (and not based out of fear, etc.), are okay in my book. Bowing down to the holy temple of "the plan" may not be the wisest course for all circumstances. If one is able to detach himself from being in the trade and objectively see what's going on, then one does not need a plan--that's easier said than done of course, and we are all humans and can easily succumb to making poor decisions due to a bias while in a trade.

 

Sorry, but no, and if I seem argumentative, it's only because I've been doing this for so many years and I've worked with an awful lot of beginners.

 

A beginner cannot take trades outside his plan until he has developed a consistently profitable trading plan that he can trust. If during his trading he sees that certain modifications are necessary, he can make those modifications and try again the next day. But he cannot make a habit of changing horses in midstream. By following the former path, he may have a rigorous plan in a matter of weeks. By following the latter, he may never have one at all.

 

Db

 

Db, perhaps I didn't articulate myself particularly well. Having and following a plan for a beginner is crucial to developing method and consistency and understanding. I may be wrong, but I don't believe Josh was suggesting that a beginner should trade 'planless' either. The point is that there are times where given what the market is telling you, you know your plan needs to be adjusted realtime within your risk parameters. Then of course it's important to subsequently study what happened and whether or not your plan needs to be fixed, added to, slimmed down or whatever. Again, this isn't for a beginner to try. However, if it's clear that a plan isn't working to a beginner, it's perfectly fine to sit back and not trade at all or at least sim trade it.

Share this post


Link to post
Share on other sites
Db, perhaps I didn't articulate myself particularly well. Having and following a plan for a beginner is crucial to developing method and consistency and understanding. I may be wrong, but I don't believe Josh was suggesting that a beginner should trade 'planless' either. The point is that there are times where given what the market is telling you, you know your plan needs to be adjusted realtime within your risk parameters. Then of course it's important to subsequently study what happened and whether or not your plan needs to be fixed, added to, slimmed down or whatever. Again, this isn't for a beginner to try. However, if it's clear that a plan isn't working to a beginner, it's perfectly fine to sit back and not trade at all or at least sim trade it.

 

I completely agree with the "again, this isn't for a beginner to try" part. And as for the following sentence, I agree with the "it's perfectly fine to sit back and not trade at all" part, but not the sim trade part. When the market throws the beginner a curve ball. his best option is to sit back and study what's happening objectively, which is next to impossible for a beginner to do if he has a trade on, sim or otherwise. If he tries to trade anyway, tentative loops are set up which will retard or even sabotage his efforts and set him back.

 

The most common of these curve balls is the unanticipated trading range. Beginners believe that as soon as they've transmitted their order, price will immediately begin to move in the anticipated direction, surely in an extended trend that will net them large profits. But when they instead find themselves taking lots of tiny profits and tiny (hopefully) losses, they're stumped. And if they don't understand support and resistance, they keep throwing themselves against the wall, making modifications to their trading plans -- if they have any -- and drifting farther and farther into the weeds. Once a pattern of successive stopouts occurs, the beginner ought to just stand aside until the behavior -- trading range or trend -- becomes clear. At that point, he is far more likely to know what to do and far more likely to profit from whatever he does.

 

Db

Share this post


Link to post
Share on other sites

Here, for example, both the NQ and ES are finding R in pretty much the same places tho the NQ folded before the ES. Short ops arose for the NQ around 10:20 and for the ES around 10:30. If one sees only the "uptrend", these ops escape notice entirely.

 

Db

Share this post


Link to post
Share on other sites
I completely agree with the "again, this isn't for a beginner to try" part. And as for the following sentence, I agree with the "it's perfectly fine to sit back and not trade at all" part, but not the sim trade part. When the market throws the beginner a curve ball. his best option is to sit back and study what's happening objectively, which is next to impossible for a beginner to do if he has a trade on, sim or otherwise. If he tries to trade anyway, tentative loops are set up which will retard or even sabotage his efforts and set him back.

 

I'm actually glad you disagreed with the sim part. There are those who say you must take trades in your plan no matter what and I wasn't sure of your stance on this. It's better for a beginner to stand back and watch so they can try to be objective and this really should be part of the way the market is observed. None of this screentime = experience bs. It does, but only if you're focused and objective about what you see. Beginner or otherwise. Plus an important point imho, is that if said beginner is struggling and probably frustrated, taking the same trades on the sim is in no way going to change this, only it could add to the frustration and have an additional detrimental affect on emotions.

Edited by TheNegotiator

Share this post


Link to post
Share on other sites
Here, for example, both the NQ and ES are finding R in pretty much the same places tho the NQ folded before the ES. Short ops arose for the NQ around 10:20 and for the ES around 10:30. If one sees only the "uptrend", these ops escape notice entirely.

 

Db

 

Holding a long in the ES is easier if you're making money in a short in NQ.

Share this post


Link to post
Share on other sites
I'm actually glad you disagreed with the sim part. There are those who say you must take trades in your plan no matter what and I wasn't sure of your stance on this. It's better for a beginner to stand back and watch so they can try to be objective and this really should be part of the way the market is observed. None of this screentime = experience bs. It does, but only if you're focused and objective about what you see. Beginner or otherwise. Plus an import point imho, is that if said beginner is struggling and probably frustrated, taking the same trades on the sim is in no way going to change this, only it could add to the frustration and have an additional detrimental affect on emotions.

 

If the plan is thoroughly tested and has become consistently profitable, then, yes, one must take the trades no matter what. HOWEVER, one must also understand behavior well enough to know when to exit the trade if it doesn't meet expectations, and beginners are by their nature incapable of doing that because their fear triggers are firing like crazy. And, as you said earlier, if a pattern of bum trades manifests itself, then it's time to revisit the plan.

 

Beginners ought not to be trading at all, sim or otherwise, without studying the market. But finding beginners who are willing to do this is a rare occurrence. Which is likely why successful traders are also a rare occurrence.

 

Db

Share this post


Link to post
Share on other sites

Just my 2 cents but this thread works best when everyone focus on what the market is actually doing right now versus our differences in philosophies..

 

----

 

I am seeing some problems with my short bias. Higher probability I am wrong. Evaluating the data.

Share this post


Link to post
Share on other sites
Out of my ES long. Nice price action for me today in NQ and ES.... sort of a natural hedge.

 

Off to the boat. It's summer after all.

 

Congratulations. Notice how "light" they both became when they turned and broke through resistance?

 

Db

Share this post


Link to post
Share on other sites

Much of what I do is reading the order flow.. Reading the order flow involves reading the book supply, market orders, and the tape (price action). There aren't many patterns I've learned in the book but there are a couple.

 

My bias is toward the downside... I am weighing if we may run back to the 92ish level.

 

To me it looks like a buy program triggered the run to the upside.. institutions seem to be leaning short still. I'm weighing many possibilities though. I don't want to get set in one mindset.

 

----

 

A buy program was just exhausted by institutions.. look for a run down here if my hypothesis is right.

 

LQ providers have turned on the book now... feel a higher probability to the down side... (turned seller)

---

Buy programs are often set to go off near new highs... speculate may involve buying specific baskets of stocks.. likely designed to run stops

Edited by Predictor

Share this post


Link to post
Share on other sites
Thanks joshdance,

 

The comments I can agree with, I notice sometimes the plan does not follow through. It will take alot of thinking and day to day market action and analyzing.

 

ES is at a major crossroads: 1400. It is going to react very differently than you might have learned to expect over the last 100 ES points. So, you may like the plan you developed is no longer valid..

Share this post


Link to post
Share on other sites

The longs seem to be broken here by strong limit resistance. I look for a drive down very quickly if my hypothesis is correct.. possibly take out the entire buy side book.

---

Questioning my outlook... need to see development. The bots seem to be very aware of where traders enter and look to target the break even stop extensively.

 

The best patterns is when the order book is flooded and traders are driving with market orders.. not seeing that here.. seeing some sellers but no book flooding... yet

---

LQ providers are taking other side to institutions.. need to see a drive lower here.. anticipating it

Edited by Predictor

Share this post


Link to post
Share on other sites
Absolutely. But, there is certainly merit in having rules to allow you to take trades outside of a plan. I think the point is that whilst it's very important to have a plan, becoming fixated by it at times may lead your trading into being rather one-dimensional. Of course, if you're taking more trades outside of a plan than in it, maybe it's worth changing the plan.

 

A plan is must, I agree. But, what if the trader thinks his/her plan is too simple? As a beginner, and like Db suggested, I started crosses out stuff that was confusing me and only focus on the things that was helping me.

 

I started trading ES from buy and holding stocks. When I join one of those livestream chat rooms where everybody takes trades off the leader method and this is how I come to future trading. There the method was watching the /DX, the /6E, the SPX, rsi (4hr, 30min, 1hr, 15min) head and shoulder, etc etc. For me, it was just too much. Bout time I take the trade, my head is all over the place. So, i crossed out all that stuff, and only chose 2 timeframes and only watching the ES and one momentum indicator. And thats my direction for now, until I prove that's wrong way. I think for newbies, its just too much information overload out there. And all of it plays with emotions while in the trade. I stop watching the news, data reports, what Ben is saying. I just want to know the market reaction from these events and time and date. That is simple enough for me right now and focusing on my skill.

 

Maybe, I am thinking too small, but for the past few weeks, I just define areas of interests (resistance and support, pivots, LOD, HOD, etc.) and analyze those areas and try to think how a buyer or seller is thinking at those levels and take the trade. Basically, buying and selling off key support and resistance and using one momentum indicator. Now, of course I am still developing a plan (discipline rules) for what I want and don't want and how to manage the trade. Also, more knowledge on volume profile.

 

I don't know, I just think experience is great teacher and yes, having a plan is worth it. But I also think, not being emotional attached to either direction this market will go, is helping me. I am coming to the point where I really don't care if this market goes up or down, I just want to be in a position either way. So that's why I say to myself let me define a method that will get on board in the direction wherever the market goes.

 

That's how I see it for now.

Share this post


Link to post
Share on other sites
ES is at a major crossroads: 1400. It is going to react very differently than you might have learned to expect over the last 100 ES points. So, you may like the plan you developed is no longer valid..

 

Said another way, the market is total bull shit this week, so anything goes. Maybe less to do with 1400 than with the lack of anything market-moving in the news this whole week. Or maybe not, I dunno.

Share this post


Link to post
Share on other sites
Morning everyone. Pretty tight ranges Mon/Tues then?

 

Here's a chart:-

 

attachment.php?attachmentid=30420&stc=1&d=1344431418

 

Thank you for sharing. This 1396.50-1395 is interesting level. I was ready to short if 1395 did not hold.

Share this post


Link to post
Share on other sites

I rarely focus on the absolute price levels. Much of the time, I'm not even sure what the price is. This is true today as a day trader but also applied when anticipating longer term forecasts.

 

The market is often an interplay between short term traders and longer term traders. As longer term traders initiate positions, shorter term traders drive the market away from those locations. This is a cost but they are always required to cover which is what creates many of the dynamics in the markets.

 

The true LQ providers are always providing some liquidity. They were able to reset their positions lower as the institutions sold into them. I suspect they use semi martingale and layering...

----

There seem to be 2 market order execution strategies. For market orders, some will feed in markets at a specific rate... others will execute a large single order at MIT (sell on uptick and buy on downtick)

---

 

Bias is down again. Not always updating my bias.. obviously it hasn't been down this entire time but looking for possible drive back to previous lows.

--

Anticipating a close near 96.50...

---

HFTs seem to use a strategy of sending in orders at a fast rate to drive price beyond where it should go. This just conjecture but there are 2 order strategies in use.

 

----

 

Didn't quite get there... tested but moved higher.

Edited by Predictor

Share this post


Link to post
Share on other sites
long 1396.50 target 1403.75 stop 1393.50.

 

Reason: trend is up, ...

 

Which trend is up ?

 

 

The Thurs or Friday BEFORE OEX week often makes a new low. Just something I keep in my journal.

Share this post


Link to post
Share on other sites
long 1396.50 target 1403.75 stop 1393.50.

 

Reason: trend is up, support is pivot point and trendline before it. Also, 15 min slow stoch just crossed showing some momentum upwards.

 

Here is chart for look.

example 1 - goodoboy25's library

 

not to flood you with conflict, but 93-94 might be a good entry, risking a few points, attempting to catch the whole range on a day like today. Risky taking a trade a few minutes before the open so close to a globex extreme with the stop at the extreme. But, I am a pussy who doesn't like to lose.

Share this post


Link to post
Share on other sites
long 1396.50 target 1403.75 stop 1393.50.

 

Reason: trend is up, support is pivot point and trendline before it. Also, 15 min slow stoch just crossed showing some momentum upwards.

 

You got it right, but the only criterion you're using that has any pertinence to the trade is that the trend is up. Support lies elsewhere and trendlines don't provide support. As for the slosto...:)

 

Be that as it may, congratulations. Now stick with your plan.

 

Db

Share this post


Link to post
Share on other sites

A beginner cannot take trades outside his plan until he has developed a consistently profitable trading plan that he can trust. If during his trading he sees that certain modifications are necessary, he can make those modifications and try again the next day. But he cannot make a habit of changing horses in midstream. By following the former path, he may have a rigorous plan in a matter of weeks. By following the latter, he may never have one at all.

 

Db

 

100% right. For anyone who disagrees, analogize it to surgery. A surgeon learns to perform a procedure exactly as it is taught. Later on, as he or she gains skill and what Rommel called "fingertip feel," they can become more creative, think about other ways to perform the procedure, and develop a "style" as a surgeon. But first, you learn the "textbook" way as it teaches you fundamentals.

 

If you don't first follow a plan, through draw down as well as profit, how will you gain a feel for the system's performance and profit curve? Remember, for a beginner, it's easy to get that feeling that "it's not working!" after a couple of losses, but losses are common, even in a system with a high win rate. So, if you stick to it, you may realize that you're making money and losses are just a cost of doing business.

 

If your plan requires modification, then you can do that in a controlled manner by making a formal written change to your plan and then testing it. Your plan can grow and adapt over time along with your skill set, but it should be done in a thoughtful and controlled manner.

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

    • By Quantower
      The main goal of this thread is to show what Power Trades is and how it works in different markets. We will show some patterns on the ES and NQ futures, as well as discuss possible improvements to this functionality.
      What is Power Trades?
      Ok, first we will consider what the Power Trades is and how it finds zones.
      Power Trades shows the zones with the execution of a large number of orders in a very short time, which will affect the price change with a high probability.
      Here are a few examples of how it looks like


      How it finds zones?
      There is a continuous process of placing, changing and executing orders in the market. All this affects the price change and the expectations of traders regarding the future price.
      When a large order appears at a certain level, the price is more likely to come to this order and it will be executed because the market is always looking for levels with liquidity. This already applies to the order flow and the mechanics of orders matching, so we will omit the principles on which the orders are matched.
      It is only important to understand that "abnormal events" occur in the market at certain times. Execution of a significant volume of orders in a very short time is one of such events.
      The Power Trades Scanner has several important settings that directly affect the results:

      Total Volume — the minimum value of the volume that should be traded during the specified time interval
      Time Interval, sec — the time over which the Total Volume should be traded
      Basis Volume Interval, sec — this parameter shows how much % took the traded volume in the total volume for the specified time.
      Zone Height, ticks — this parameter will show only those zones where the height is less than or equal to the specified value (in ticks).
      Level2 level count — the number of levels that are involved in the calculation of Imbalance and the Level 2 Ratio column in the table of results.
      Filter by Delta,% — the parameter will show zones that have a delta value greater than or equal to that specified in the setting. The value must be specified by the module, so the table will show both positive and negative delta values. We recommend paying attention to the zones with the delta above 50% (taking into account the specifics of each trading instrument).
      For example, let's set the Total Volume of 2000 contracts and Time Interval in 3 seconds on the E-mini SP500 futures. This means that the scan will be based on the available history and will show on the chart only those zones that have such a volume for the specified time.

      Additionally, it is worth to set a delta value to filter out the zones with one-side trades. The more delta value, the high probability that the price will reverse.

      So, as a starting point about this scanner, I think this information will be enough
    • By makuchaku
      Hi everyone,
      This is my maiden analysis using volume profile - so please don't hesitate to share your feedback.
      As per the attached analysis, I think that SPY is primed for a short - for many reasons
      - Multiple strong rejection of long positions exist at Resistance R1 and R2 : seems like sellers defending their positions
      - Very strong short volume seen at R2 : further signifying sellers who are ready at that level
      However, once the price reaches Support S1, there seems to be a strong buying sentiment which has rejected previous shorts. You can see trading ranges & pullbacks to S1 where buyers and sellers seem to agree on a price range, often leading to a buyer dominance.
      What do you think?

    • By TraderJoe
      Hey All,
      does anyone sell Volume Profile Indicator for NT8.
       
      Regards
  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   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.   Andria Pichidi 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.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
×
×
  • Create New...

Important Information

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