I am bullish on the dollar for the time being, momentum looking healthy for now.
All trades & updates being shared here
- Nick
All trades & updates being shared here
- Nick
❤30
🔔 Closing Bell - Question of the Day
An account falls 40%. What gain is needed to get back to breakeven?
An account falls 40%. What gain is needed to get back to breakeven?
Anonymous Quiz
45%
Roughly 67%,
28%
Roughly 40%
24%
Roughly 59%
3%
Roughly 25%
❤23🔥7👍4
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Hola Prime is one of the industry’s fastest one-hour payout firms, partnered with Karl-Anthony Towns.
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Gold Drifts Mid-Range as Traders Brace for CPI Print
Oil is up 2.4% today, firming the dollar and weighing on gold. Price ran up to the 4,200 resistance, got rejected again, and is back near the middle of its range. From here I’d expect a drift back toward 4,120, where gold waits for its next cue.
That cue being Wednesday’s CPI. Analysts expect inflation to tick higher. If it does, rate-hike expectations stay alive and gold stays pressured. If inflation cools, gold gets support and could push for the top of the range. Recent jobs data already came in cool, which helps gold, so this print matters even more.
Personally, I’m not fighting the Fed. Until Wednesday proves otherwise, I stay bearish. I’ll be honest though: if inflation turns and cools, I have to look for bullish setups.
read the full article here.
— Alan
Oil is up 2.4% today, firming the dollar and weighing on gold. Price ran up to the 4,200 resistance, got rejected again, and is back near the middle of its range. From here I’d expect a drift back toward 4,120, where gold waits for its next cue.
That cue being Wednesday’s CPI. Analysts expect inflation to tick higher. If it does, rate-hike expectations stay alive and gold stays pressured. If inflation cools, gold gets support and could push for the top of the range. Recent jobs data already came in cool, which helps gold, so this print matters even more.
Personally, I’m not fighting the Fed. Until Wednesday proves otherwise, I stay bearish. I’ll be honest though: if inflation turns and cools, I have to look for bullish setups.
read the full article here.
— Alan
❤24👍4
USD/CHF Weekly Chart
Looking for longer-term buy setups on the pair similar to USD/JPY. The Swiss Franc is under pressure from short positions as traders bet other major central banks keep tightening.
The SNB is the odd one out of all other central banks.. It held its key rate at 0% in September, and Vice Chairman Martin said no change is needed. Inflation is low and stable, spillover risk is limited, and the Swiss economy is running very well. They’ve also backed off their threats to intervene in the currency.
If you want updates / alerts of new trades being taken, join our VIP group here!
— Alan
Looking for longer-term buy setups on the pair similar to USD/JPY. The Swiss Franc is under pressure from short positions as traders bet other major central banks keep tightening.
The SNB is the odd one out of all other central banks.. It held its key rate at 0% in September, and Vice Chairman Martin said no change is needed. Inflation is low and stable, spillover risk is limited, and the Swiss economy is running very well. They’ve also backed off their threats to intervene in the currency.
If you want updates / alerts of new trades being taken, join our VIP group here!
— Alan
❤18👍5🔥3
USD/JPY had a clean breakout to the upside today, and I've just trailed stops 📈
See all trade alerts here
See all trade alerts here
❤34👍12🔥5
🔔 Closing Bell - Question of the Day
Higher US real yields relative to other economies cant support the dollar, since they raise the inflation-adjusted return on USD assets.
Higher US real yields relative to other economies cant support the dollar, since they raise the inflation-adjusted return on USD assets.
Anonymous Quiz
57%
True
43%
False
❤8😱6👍1
The Nasdaq Holds Its Ground as AI Jitters Spread Overseas
The AI trade is getting tested again. We saw the jitters Friday that seem to be carrying over. Nasdaq was leading lower pre market but is now recouping some of its losses.
But the real Ai pain was felt overseas overnight. Kospi dropped more than 5%. Samsung down 10%, SK Hynix down 7%.
The reason was due to China catching up on memory chips, and Broadcom’s CEO out here calling AI investors casino gamblers lol.
The Nasdaq is still holding up, and it’s the AI names and the mags doing the heavy lifting for the whole market. If it flushes below 30,000 and starts making legs lower, that tells me the unwind is getting real, and a deeper pullback could be in play.
For now though, Nasdaq’s hanging in there.
read the full article here.
— Alan
The AI trade is getting tested again. We saw the jitters Friday that seem to be carrying over. Nasdaq was leading lower pre market but is now recouping some of its losses.
But the real Ai pain was felt overseas overnight. Kospi dropped more than 5%. Samsung down 10%, SK Hynix down 7%.
The reason was due to China catching up on memory chips, and Broadcom’s CEO out here calling AI investors casino gamblers lol.
The Nasdaq is still holding up, and it’s the AI names and the mags doing the heavy lifting for the whole market. If it flushes below 30,000 and starts making legs lower, that tells me the unwind is getting real, and a deeper pullback could be in play.
For now though, Nasdaq’s hanging in there.
read the full article here.
— Alan
❤24🔥1
Russell Signal Update
Trailing stops behind structure. We're back below the 200 Day SMA and 2,800 support level.
This has been a nice trade to express my view on interest-rates and the path forward. Keep in mind, rate expectations will start to shift following tomorrow's first round of inflation data.
If you want updates / alerts of new trades being taken, join our VIP group here (https://a1trading.com/vip/tgvip/)!
— Alan
Trailing stops behind structure. We're back below the 200 Day SMA and 2,800 support level.
This has been a nice trade to express my view on interest-rates and the path forward. Keep in mind, rate expectations will start to shift following tomorrow's first round of inflation data.
If you want updates / alerts of new trades being taken, join our VIP group here (https://a1trading.com/vip/tgvip/)!
— Alan
❤18👀2😁1
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❤14
🔔 Closing Bell - Question of the Day
A trader long AUD/USD and long NZD/USD is largely taking the same view twice, since both pairs tend to move on risk sentiment and USD direction.
A trader long AUD/USD and long NZD/USD is largely taking the same view twice, since both pairs tend to move on risk sentiment and USD direction.
Anonymous Quiz
82%
True
18%
False
👍6❤5
Gold Breaks Lower as Hot CPI Revives Rate-Hike Bets
Headline inflation hit 3.7% year over year, up from 3.4% and above the 3.6% expected. Core climbed to 2.6% from 2.4%. Core month over month ran 0.3% against 0.2% expected. Hot any way you slice it.
Gold’s reaction was immediate. We’re down about 1.5% on the day, and price flushed below the 4,120 shelf I’d been watching. That level likely turns into resistance now. I’m looking for a retest into the zone and continuation lower, as long as rate-hike bets stay alive.
I got trailed out for a profit on my FTMO account before this, and now I’m hunting re-entry if the setup makes sense. PPI lands tomorrow. If it confirms inflation is staying elevated, the path lower for gold is hard to ignore, and I plan to be continue riding the wave.
read the full article here.
— Alan
Headline inflation hit 3.7% year over year, up from 3.4% and above the 3.6% expected. Core climbed to 2.6% from 2.4%. Core month over month ran 0.3% against 0.2% expected. Hot any way you slice it.
Gold’s reaction was immediate. We’re down about 1.5% on the day, and price flushed below the 4,120 shelf I’d been watching. That level likely turns into resistance now. I’m looking for a retest into the zone and continuation lower, as long as rate-hike bets stay alive.
I got trailed out for a profit on my FTMO account before this, and now I’m hunting re-entry if the setup makes sense. PPI lands tomorrow. If it confirms inflation is staying elevated, the path lower for gold is hard to ignore, and I plan to be continue riding the wave.
read the full article here.
— Alan
❤19🔥7👍1
Silver Trade Signal Update
What a runner.
Silver is leading the path lower and is on pace to hit recent lows of $55. PPI tomorrow could either give some relief to the bulls or get us there rather quickly.
Congrats to the fellow metal bears. I'll be actively managing my trades in the discord as we navigate this volatility.
If you want updates / alerts of new trades being taken, join our VIP group here (https://a1trading.com/vip/tgvip/)!
— Alan
What a runner.
Silver is leading the path lower and is on pace to hit recent lows of $55. PPI tomorrow could either give some relief to the bulls or get us there rather quickly.
Congrats to the fellow metal bears. I'll be actively managing my trades in the discord as we navigate this volatility.
If you want updates / alerts of new trades being taken, join our VIP group here (https://a1trading.com/vip/tgvip/)!
— Alan
❤19🔥7