BeSomebodyFX
S&P500🇺🇸 a decent opportunity forming... Just a small observation on the S&P500, we run a small research and it looks like the current price action on the S&P is mirroring the 2013 price action, you can see in the first chart above the grey line is 2013 historical…
S&P500🇺🇸
The S&P500 is playing exactly as mentioned in the previous analysis, following perfectly 2013 price action, the buying zone worked nicely and i now see a break of all time highs coming in the weeks ahead, we can expect indices to benefit from the "risk-on" flow, we are heading into the Christmas season which is known to boost stocks, and with Trump heading into the elections he will do "whatever it takes" to have his S&P500 at all time highs, at the same time the FED is slowly but steadily cutting rates which will help stocks rallies.
On the chart above you can see the plan for S&P longs.
If you want more info, daily updates and trades with exact entries, stops and profits you can join our private network community, we will officially open some seats at the end of the week, you can book yours by contacting @JayRally
The S&P500 is playing exactly as mentioned in the previous analysis, following perfectly 2013 price action, the buying zone worked nicely and i now see a break of all time highs coming in the weeks ahead, we can expect indices to benefit from the "risk-on" flow, we are heading into the Christmas season which is known to boost stocks, and with Trump heading into the elections he will do "whatever it takes" to have his S&P500 at all time highs, at the same time the FED is slowly but steadily cutting rates which will help stocks rallies.
On the chart above you can see the plan for S&P longs.
If you want more info, daily updates and trades with exact entries, stops and profits you can join our private network community, we will officially open some seats at the end of the week, you can book yours by contacting @JayRally
Great job from Sean in sending his trades in our private group, i'm sharing this screenshot just because it can be useful for you, there is still some room for GBPUSD upside up to 1.32, It's all up to Bercow speech coming up today in UK parliament, we have it all covered on the private network, if you are interested in following our trades and get access to daily briefings and info, contact @JayRally to book your seat for the private network November openings
AUD🇦🇺JPY🇯🇵
AUDJPY is one of the best longs in the "risk-on" sentiment market, Chinese VP Liu He said that the China/US trade negotiations made 'concrete progress towards a trade deal in Washington' Kudlow says things are going pretty good with China, trade talks continue and there is a chance to get December tariffs on China off, the "risk-on" sentiment is set to continue.
It's interesting to see how retails are now slowly turning bearish while price keeps rising and the fundamentals turn bullish.
Retails started the month at 85% long and now they are down to 50% and 50% shorts suggesting us they are adding to the short side trying to pick the bottom, with fundamentals now bullish for AUD and bearish for JPY, with the market positive sentiment on the trade talks and with retails selling AUDJPY we are looking to get long, in the chart above you can see the entry zone and target.
If you are interested in learning to trade macro and micro fundamentals while following our trades (exact entries, stops and profits) and having access to daily briefings and opportunities you can book your seat for the Private Network November openings @JayRally
AUDJPY is one of the best longs in the "risk-on" sentiment market, Chinese VP Liu He said that the China/US trade negotiations made 'concrete progress towards a trade deal in Washington' Kudlow says things are going pretty good with China, trade talks continue and there is a chance to get December tariffs on China off, the "risk-on" sentiment is set to continue.
It's interesting to see how retails are now slowly turning bearish while price keeps rising and the fundamentals turn bullish.
Retails started the month at 85% long and now they are down to 50% and 50% shorts suggesting us they are adding to the short side trying to pick the bottom, with fundamentals now bullish for AUD and bearish for JPY, with the market positive sentiment on the trade talks and with retails selling AUDJPY we are looking to get long, in the chart above you can see the entry zone and target.
If you are interested in learning to trade macro and micro fundamentals while following our trades (exact entries, stops and profits) and having access to daily briefings and opportunities you can book your seat for the Private Network November openings @JayRally
BeSomebodyFX Private Network
With the positive news on the trade talks (USOIL BULLISH) and the tensions in middle east (USOIL BULLISH) the USOIL is prone to more stenght with a short term target at 57.00, i'm waiting for a clear break of the week highs to enter a long position, the intraday…
USOIL trade is around target, i would suggest you to take profit, we personally got out of the trade 53.30 for a small loss to keep the risk of the portfolio in check, it eventually went to target, i don't see it going much further from current levels so take your profits
November enrolling for the private network starts now, access only for 5 new members, after that we will close the doors until mid-end November, contact @JayRally for your seat
Last trade we took on the private network, entry was a pending order with exact stop loss and take profit, easy to follow, we don't scalp, we have a medium term approach so that all the members have all the time in the world to set the pending orders or open the trades, 3 seats have been taken, 2 left @JayRally
Forwarded from BeSomebodyFX Private Network
DAILY BRIEFING
FED MEETING
We look for a market reaction in EURUSD to be similar to that of the September meeting, so EURUSD to drop in the area of 50 pips to then retrace the losses over time.
Powell will likely use his press conference to communicate a pause, hence a data dependent view, a so called "hawkish cut", the markets are pricing in a too dovish FED now and they will have to reprice that, which is why USD will see some strength before and during the meeting.
This is not the first time this type of "cycle" occurs, the last time the FED reduced rates three times while the economy was growing was in 1998. After the third cut, it sent a strong signal it was done, and today it's the third cut in a growing economy...
USDJPY longs will have to be closed or protected after the meeting, we don't want any Trump rant to mess with the position.
Just a side note, we are not turning USD bullish, we are long term bearish given how the FED is pumping liquidity into the market, long term bearish means an outlook of 6-12 months, and the current macro events will push USD higher this week (remember the technical DXY chart we sent in the Sunday briefing)
EUR
In euro assets, focus turns to ECB's tiering system taking effect today, it will important to see how the EUR behaves.
As noted above, we can expect a 50 pips drop in EURUSD today, i am looking for a possible entry myself, will let you know.
GBP
No deal is "almost" completely off the table now, we are long term GBP bulls, we need to be patient here tho, the best buying opportunities will come in Nov
FED MEETING
We look for a market reaction in EURUSD to be similar to that of the September meeting, so EURUSD to drop in the area of 50 pips to then retrace the losses over time.
Powell will likely use his press conference to communicate a pause, hence a data dependent view, a so called "hawkish cut", the markets are pricing in a too dovish FED now and they will have to reprice that, which is why USD will see some strength before and during the meeting.
This is not the first time this type of "cycle" occurs, the last time the FED reduced rates three times while the economy was growing was in 1998. After the third cut, it sent a strong signal it was done, and today it's the third cut in a growing economy...
USDJPY longs will have to be closed or protected after the meeting, we don't want any Trump rant to mess with the position.
Just a side note, we are not turning USD bullish, we are long term bearish given how the FED is pumping liquidity into the market, long term bearish means an outlook of 6-12 months, and the current macro events will push USD higher this week (remember the technical DXY chart we sent in the Sunday briefing)
EUR
In euro assets, focus turns to ECB's tiering system taking effect today, it will important to see how the EUR behaves.
As noted above, we can expect a 50 pips drop in EURUSD today, i am looking for a possible entry myself, will let you know.
GBP
No deal is "almost" completely off the table now, we are long term GBP bulls, we need to be patient here tho, the best buying opportunities will come in Nov
☝🏻Briefing from the private network for FOMC today, make good use of the info, trades will be shared only with the network members☝🏻
Here is your move in EURUSD, if you read between the lines you should have seen that we are USDJPY longs too and you could have caught a position, FED is signaling that they are likely to pause cutting rates for a while, Powell is positive about the economy and optimist about Brexit and a trade deal
BeSomebodyFX
Here is your move in EURUSD, if you read between the lines you should have seen that we are USDJPY longs too and you could have caught a position, FED is signaling that they are likely to pause cutting rates for a while, Powell is positive about the economy…
These info and these trades are shared in our private channel, we recently closed the enrolling but if you missed the chance i will allow 1 extra member for the month, contact @JayRally
Commercials are sellers of NOK🇳🇴 in November...
Looking back, there is a seasonal commercial flow pattern in the NOK, with a tendency for both EURNOK and USDNOK to edge higher in November. You can check this by yourself too, open up a monthly USDNOK chart and look at every November monthly close since 2008, 8 out of 10 candles closed bullish.
With the advantage of seasonal commercial flows, we look to buy USDNOK or EURNOK and hold trough November, at the same time the intraday traders here can take advantage of this and look for intraday longs for the whole month of November in both pairs from technical levels of support.
Above you can see the technical best entry, to receive more info, daily updates and exact entries and exits for trades, contact @JayRally to book your seat for the Private Network Channel mid-November opening.
Looking back, there is a seasonal commercial flow pattern in the NOK, with a tendency for both EURNOK and USDNOK to edge higher in November. You can check this by yourself too, open up a monthly USDNOK chart and look at every November monthly close since 2008, 8 out of 10 candles closed bullish.
With the advantage of seasonal commercial flows, we look to buy USDNOK or EURNOK and hold trough November, at the same time the intraday traders here can take advantage of this and look for intraday longs for the whole month of November in both pairs from technical levels of support.
Above you can see the technical best entry, to receive more info, daily updates and exact entries and exits for trades, contact @JayRally to book your seat for the Private Network Channel mid-November opening.
BeSomebodyFX
S&P500🇺🇸 The S&P500 is playing exactly as mentioned in the previous analysis, following perfectly 2013 price action, the buying zone worked nicely and i now see a break of all time highs coming in the weeks ahead, we can expect indices to benefit from the…
S&P500 acting accordingly, as predicted we are now at all time highs, beware of a potential pullback to retest the 3000 level, that would allow you to buy more and ride the year end rally
BeSomebodyFX
Photo
AUDJPY extended sligthly below our buying zone, but patience and a positive overnight swap should have kept you in the position, price is now moving towards target, momentum is growing and with the latest positive developments in the trade talks and the RBA seeing a "gentle turning point" AUDJPY will move to target by the end of the week
Watch out for both S&P longs and AUDJPY longs today, risk sentiment can switch to "risk off" today with Trump scheduled speech and the Hong Kong situation, and that would hurt risk assets like S&P and AUDJPY, if you followed the S&P500 trade you would have bought around 2880 and we are now at 3087, so a decent profit here, a dip this week could be another opportunity to buy again but that will be shared only with the private members, we are going to open 2 seats for the private group today, contact @JayRally to join...
BeSomebodyFX
Commercials are sellers of NOK🇳🇴 in November... Looking back, there is a seasonal commercial flow pattern in the NOK, with a tendency for both EURNOK and USDNOK to edge higher in November. You can check this by yourself too, open up a monthly USDNOK chart…
USDNOK playing accordingly, you see how you can get a competitive advantage by having the best info available? if you don't have a source for daily info to help you in your trading, you are just liquidity for the big players, contact @JayRally to join the private group for daily info and trades with exact entries and exits, 1 seat was booked yesterday so only one is avaibale