Dow Jones Technical Analysis, 05 July

2022-07-17

See how a trade is managed in a simple way after one of the first of 3 buy orders were filled. See ForexLive technical analysis at https://www.forexlive.com/technical-analysis

2022-07-17

This Gold futures technical analysis and trade idea becomes applicable only if the 1700 round price is lost (crossed down) for gold.

1st buy at 1684.2
2nd buy at 1673.6
3rd buy at 1660.6

Average entry price, if all 3 orders are filled: 1672.80

The idea presents 2 parts, with the 2nd being a huge upside potential as explained.

2022-07-10

Bitcoin Short Trade Idea for 10 July, 2022.
https://www.forexlive.com/Cryptocurrency/bitcoin-trade-idea-20220710/

Always trade crypto at your own risk only. Stay tuned for more trade ideas and technical analysis from ForexLive.com and check out

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2022-07-08

Bulls are happy with the Bitcoin rally on July 7th, as the stock market rallied as well. However, this is a place at the top of a possible range to consider taking partial profits, and late newcomers to the bull case should think carefully if they want to start a new long position at such a stage.

See more on https://www.forexlive.com/Cryptocurrency/bitcoin-technical-analysis-6-july-bearish-20220706/

2022-07-05

DAX is a German stock market index that includes 40 of Germany’s largest blue chip businesses listed on the Frankfurt Stock Exchange. This is a contrarian trade idea as the COVID crash low is broken! Entry price for this DAX Long, if all 3 orders get filled, is: 12355
See more at: https://www.forexlive.com/technical-analysis/buy-dax-after-it-just-broke-the-historic-covid-low-20220705/

Correction to the chart in the video: The price levels are not at the COVID crash low but below the lows of 2022 and 2021, which are significant.

2022-07-05

For today (05 July, 2022), this technical analysis applies ONLY IF AND WHEN Dow Jones crosses up 30650 after the market open. It can also apply for swing traders that would like to consider a Long, but only if and after Dow Jones futures (YM) closes a 4 hour candle above 30650
Credit Suisse slashed its end of year target for the S&P, which expedited selling today
We wait for Dow Jones to cross up 30650, and it it will do so, we then offer to consider a contrarian bet that offers a low probability to win, but compensates with a high reward vs risk ratio, as presented in the technical analysis video below
Entry price for the Dow Jones Futures: 30650
Stop Loss: 1% below the entry price
Two take profit targets, averaging a reward vs risk ratio of almost 5.5 to 1, where the risk is 1%. This

2022-06-24

Nasdaq futures reached our target of 11800 and looks like is heading towards 3 price points before temporary partial profits takers (sellers) will probably step in.

2022-02-16

Adam Button from Forexlive talks with BNN in an educational segment about the risks around currency exposure, particularly for the Canadian dollar. In the same way that bad stock trades suddenly morph into long-term investments, currency trades can turn into hedges at the worst possible time. There are plenty of opportunities in trading currencies but don’t mix the two. I’m a big fan of having multiple accounts at multiple brokers and one of the reasons is to keep that mental separation from investing, trading and hedging.