Free Stock, Commodity, Forex Trading Tips & Education Articles

USD/JPY Turning Down

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free forex usdjpy chart tips

USDJPY prices are falling since the mid-2015 year. In the 2020 year, it has made a low price of $101.180. Are you still expecting up moves for the short-term? Then wait for the breakout of USDJPY-Bull Resistance. According to my Parallel Channel (B), short positions in the range of $106 to $106.5 or below with targets at $105 – $104.5 – $104.260 in extension. Breakdown of Parallel Channel (B) means a big explosion and double confirmation for sellers. Day traders can take benefit easily by examining fake-out… Continue reading

Gold & Crude oil Long-term Calls Updates

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Gold Hits All-Targets

I had sent a buy signal on 7th July while gold was moving around 48000. Targets were 49560 – 50000 – 52000 – 53000+ levels.

Click here to read that article: Gold Long-term Trend Analysis, Tips, & Chart

Currently, gold prices running around 55,000.
Gold Profit: Rs.7,00,000

Crude Oil Targets Updates

crude oil tipsI had written many times to buy crude oil for the long term while it were running around 1000 price. I will highlight a few newsletters from it.

March 16, 2020: Free Crude Oil Tips – BUY for Long-term

Targets for long-term investors: 3700 – 4000 – 5000

June 14, 2020: Crude Oil Setting Up For Another Big Trade

The long-term traders must keep their eyes peeled for a crossover into the S-RSI. The crude oil prices will fly into the sky. Be ready for 3200 – 3500 – 4000 levels.

July 15, 2020: Crude Oil Trading Strategy & Calls

15M TA Chart | Targets: 3160 – 3200+

Crude Oil Profit: Rs.2,20,000 Per 1 Mega Lot
What else you want!

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Update: MCX Aluminium Futures Tips

July 29, 2020: Is Aluminium On the Way Up Now?

I had written, “As per the chart, keep your eyes on Aluminium-bull resistance line. We may see prices at 143 – 144.6 or above soon.”

Aluminium had touched all targets the day before yesterday and made a high today 147.5.

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ITC convenient stock analysis

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ITC is forming a triangle, It is more likely to follow its support and move up direction.
ITC buy 191
Stop-loss 189
Target 199

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Information on Elliott waves trading analysis

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Yesterday we had provided this:

RELIANCE NSE:
Buy reliance 2018
Stop-loss 2009
Target 2057

What is Elliott wave theory?

Elliott wave theory is a method of technical analysis that looks for red current long-term price patterns related to persistent changes in investor sentiment and psychology, the theory identified as impulsive waves that set up a pattern and corrective waves that oppose the larger trend.

The Elliott wave theory was developed by Ralph.nelson, Elliott to describe price movements in financial market, in which he observed and identified recurring.fractal wave patterns wave can be identified in stock price movements and in consumer behavior investors trying to profit from a market trend could be described as” riding a wave” a larger, strong movement by homeowners to replace their existing mortgages with new ones that have better term is called a refinancing wave.

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How do Elliott waves work in our trade?

Some technical analysts try to profit from wave patterns in the stock market using the Elliott wave theory, this hypothesis says that sock price movements can be predicted because they move in repeating up and down patterns called waves they are created by investor psychology.

The theory identifies several types of waves including motive waves, the subject can not all traders interpret the theory the same way to agree that it is a successful strategy. The whole idea of wave analysis itself does not educate to a regular blueprint information, where you simply  follow the traction, unlike most other price information, wave analysis offer signal into text dynamic and helps you understand price movements in a much deeper way.

The Elliott wave principle consists of impulse and corrective wave at its core

Impulsive wave consists of five sub-wave that make next movement in the same direction as the trend of the next largest degree this pattern is the most common motive wave and the easiest to spot in  a market, like all motive wave, it consists of five sub wave three of them are also motive waves, and two corrective waves .this is labeled as a5-3-5-3-5 structure, which was shown above 

Corrective wave-consist of three, or combination of three, sub wave that make at motion opposite to the trend of the next largest degree like all motive waves, its goal is to move the mark in the direction of the trend

Also, like all motive consists of five sub waves the difference is that the diagonal looks like either an expanding or contracting wedge .also the sub-wave  of the diagonal may not have a count of five, depending on what types of diagonal is being observed.as with the motive waves, each sub wave, and sub wave three of the diagonal may not be the shortest wave.

To be CONTINUE this research in next  “STOCK ANALYSIS”

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Full information how to trade using MACD INDICATOR

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What is MACD indicator?

MACD is a trend following indicator. MACD indicator is created by two EMI(exponential moving average)indicators,MACD indicator is the one type of moving average indicator.

The MACD indicator have 4 main point important

1.MACD line(fast line)-indicated with green line

2. Signal line (slow line)-indicated with green line

3. Zero line(baseline and center line)

4. MACD histogram

Exponential Moving Average (EMA)-calculation

MACD line (12 day EMA-26day EMA)

signal line (9 day EMA of MACD line)

MACD histogram (MACD line-signal line)

IMPORTANT NOTICE FOR OUR SUBSCRIBERS:

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How to trade with MACD indicator-(MACD-MOVING AVERAGE CONVERGENCE DIVERGENCE)

 This indicator is invented by Gnvented in.MACerald Apple,this indicator is the most important and popular indicator for trading…

 this indicator used in:

     -share market    

     -commodity market

     -forex market

     -future market

MACD Indicator is very helpful for long term trader and short term trader, similarly.

      NOTE– The most important MACD indicator is when you trade with MACD then your stop loss is in very close range.when your trade triggered stop loss it can give you a very small loss……it is helpful to take a smaller loss.

How does MACD work?

In this indicator have 2-important line, MACD line and signal line. MACD line and signal line provide a signal moving around zero line. When the MACD line and signal line are crossed over then it is given a signal for buying and selling.

The MACD indicator have 2 types of cross over

  1. Positive cross over(bullish crossover)
  2. Negative cross over(bearish crossover)

When the MACD line is cross over down-up, it is a signal for buying-positive cross over-BULLISH TREND. When the MACD line is cross over up-down, it is a signal for selling-negative cross over-BEARISH TREND.

In MACD Why is the zero line important?

When positive crossover created upside of zero line and positive crossover created in downside of zero line and after both lines going the upside of zero line -STRONG BULLISH TREND. When negative crossover created downside of zero line and negative crossover created in upside of zero line and after both lines going the downside of zero line -STRONG BEARISH TREND.

Note: When a positive crossover is created in the downside of zero line it is not a strong bullish trend then both lines cross over upside it is a strong bullish trend. If the both line is not cross over-wishaw. When negative crossover is created in the upside of zero line it is not a strong bearish trend, then both lines cross over downside it is a strong bearish trend. If the both line is not cross over-wishaw.

MACD indicator double top and double bottom

When MACD is created a double top in upside of zero line then more chances to trend reversal. When MACD is created a double bottom in downside of zero line then more chances to trend reversal.

How does MACD-histogram help?

MACD-histogram shows a trend and momentum in the positive divergence(trend strength) and negative(trend weakness) divergence. HISTOGRAMS DIVERGENCE-(1)histogram positive divergence(2)histogram negative divergence.

(1)histogram positive divergence-then price goes down, MACD goes down, but histogram will go up it is signal of bullish.

(2)histogram negative divergence-then price go up, MACD go up, but histogram will be going down it is sign of be

MACD divergence:(1)positive divergence(bullish divergence)(2)negative(bearish divergence)

 (1)positive divergence(bullish divergence):-when price will move in downside and MACD gives a signal of up movement it is signal of positive divergence.

  (2)negative(bearish divergence):-when price will move in upside and MACD gives a signal of down movement, it is a signal of negative divergence.

How does MACD help in buying and selling?     

(1)when MACD line is cross over down-up, it is signal for buying-positive cross over-buying signal 

(2)when a MACD line is cross over up-down, it is a signal for selling-negative cross over-selling signal.

Note: when MACD is created a double top in upside of zero line then more chances to trend reversal. When MACD is created a double bottom in downside of zero line then more chances to trend reversal

HISTOGRAMS DIVERGENCE-(1)histogram positive divergence(2)histogram negative divergence.

(1)histogram positive divergence-buy

(2)histogram negative divergence-sell.

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Is Aluminium On the Way Up Now?

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free commodity aluminium calls & chart
As per the chart, keep your eyes on Aluminium-bull resistance line. We may see prices at 143 – 144.6 or above soon.

This rally will stop after breaking out the resistance line. So what’s next then? You can take fib levels as targets.

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