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~High Profit Trades Of The Week~

ICManagement (giddings837)
Jun 12 2018 at 10:46
7 โพสต์


Hi MyFxBook community!

My name is Warren, a analyst with Infinity Capital Management. In the interest of helping everyone make good money this week, I thought I'd share the most important trades that will be taking place this week.

EUR/CAD long : Entry- 1.5300 ; SL- 1.4900 ; TP- 1.5685 ; Mid term TP- 1.5422

Trade Rationale Summary:

Market trading upcoming ECB meeting where the committee is going to be discussing cutting of QE and possible update of rate hike forward guidance. Trump reiteration of protectionist attitude at recent G7 summit, withdrawal of support from G7 communique, and continued push for steel and aluminum tariffs continue to weigh on CAD, and will play a major role in pace future BOC rate hikes.


USD/JPY Short: Entry- 109.496 -109.850 ; SL- 11.50; TP- 105.15; Mid term TP 108.600

Trade Rationale Summary:

Safe Haven flight will continue to see JPY strengthen. With a positive outcome from the North Korea/ Trump meeting tomorrow already priced into the market, any hint of negative rhetoric from either side will result in further Yen strength, where as positive rhetoric will have a mostly muted effect. US CPI coming later in the week will likely reaffirm the need for 'gradual' hikes from the fed, rather than swift immediate action. Since three hikes are already priced into the USD, unless accompanying FOMC statement comes out strongly hawkish (which is extremely unlikely) the market will sell off the hike this week, and USD will begin it's strong bear run.

GBP/JPY Short: Entry- 145.00-147.00; SL- 148.30; TP- 140.150; Mid term TP- 144.850

Trade Rationale Summary:

With Brexit negotiations in constant turmoil, the GBP underlying fundamentals remain weak. This week Manufacturing production has a good chance of beating expectations, or at the minimum, coming out in line with expectation based on the PMI numbers seen last week. However, the market will overlook this data as it eyes Average Earnings data, as well as CPI, both which are likely to be big disappointments. This will be further confirmation of a prolonged period of the BOE remaining 'on hold', while it looks to see whether subdued data throughout Q1 truly is transitory, or has more permanent undertones. JPY strength will stem from broad based geopolitical tensions.

AUD/USD Long: Entry- 0.7600; SL- 0.7400; TP- 0.8085; Mid term TP- 0.7685

Trade Rationale:

As stated earlier, USD will very likely experience an extended and broad based selling across most majors in the days and weeks following the rate hike this week. Although the recent data out of Australia hasn't been the greatest, there are two very important factors that should be considered. First, although the RBA is currently 'on hold,' in their last meeting they reaffirmed their position that the future direction of rates will be 'up rather than down,' giving a hawkish tone to an otherwise even stance. Secondly, and probably most important is this. Throughout all the recent data misses from Australia, and the recent positive data from the US (please refer to an economic calendar if detail on these are needed), AUD has managed to strongly maintain it's long term upward trend, only briefly testing support levels before rebounding. Additionally, AUD/USD along with quite a few other USD pairs have managed to maintain their Daily timeframe head and shoulders pattern. AUD/USD in particular is currently in the process of working it's way back into a long term upward channel, visible on the Weekly timeframe. The current level of the pair, 0.7600, is right at the bottom of the channel, and despite adverse data, the pair has already made a strong attempt to break back into the channel. This suggests some very strong institutional traders are positioned net SHORT USD, and add further evidence to the impending USD bear run.



All of these trades were thoroughly researched from a fundamental, technical, and sentiment based perspective. Please take advantage of them! Also, I took the liberty of providing everyone with a screen shot of this week's lineup attached to this post. I look forward to helping you all make loads of pips and cold hard cash! After all, that's what the game's all about right? Have a great trading week guys!









~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.

ไฟล์แนบ :

~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
Greenwood
Jun 14 2018 at 05:40
13 โพสต์
Very good analysis. Is this going to be a regular update
Adribaasmet
Jun 14 2018 at 06:02
994 โพสต์
Thank you very much for your contributions. By the way, I am interested to see your observation on EURUSD.
ICManagement (giddings837)
Jun 14 2018 at 06:19
7 โพสต์
Greenwood I'd be happy to post regular updates on the market on this threat for you and anyone else that's interested.







~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
ICManagement (giddings837)
Jun 14 2018 at 06:19
7 โพสต์
AUDUSD Daily inverted head-and-shoulders pattern stands firm since 5/9/19. And that's through a hawkish Fed, and dovish RBA. There are some big players on this one. Sweet long term trade! Expect a breach back into the channel soon. After that it's smooth sailing guys!







~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.

ไฟล์แนบ :

~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
ICManagement (giddings837)
Jun 14 2018 at 06:24
7 โพสต์
It's no problem at all Adribaasmet. So here's the deal with EUR/USD. In short, go long now while it's still early. EUR/USD is set to spike approx. 200 pips between now and the end of the day tomorrow. Resistance is right below 1.2000. ECB's Draghi is due to speak in the morning, and people LOVE to find a reason to buy up the euro. Rate decisions tomorrow are undoubtedly going to remind the market of recent stimulus chatter, so I wouldn't be surprised to even see the market jump the gun and spike before he even says anything of substance. Broad based USD selling will add to this move and help get it to the resistance. Make sure you short the pair at or right below the resistance and then buy it back at 1.1855 for another appx. 550 pip up move.
~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
ICManagement (giddings837)
Jun 14 2018 at 10:10
7 โพสต์
Regarding the LONG EUR/USD move coming up, I wouldn't be surprised to see Draghi temper his speech in order to keep the market from getting out of hand. This has a possibility to cause a bit of confusion in the market, and along with end of the week profit taking, should help eventually bring the price back from 1.2000 to 1.1855. If I were you, I'd do a three part trade on this, always with a 200 pip emergency stop (which won't get hit unless something completely earth shattering happens, but is necessary to be a responsible trader).

Part one, go long NOW if you haven't already done so.


Part two, look get out right below the resistance previously mentioned, look for tails on your hr1 and 4hr candles to make sure the market will respect the resistance (which it should) and immediately go short, again with a 200 pip stop.


Part three, MAKE SURE you look for concrete signs of a early bounce. This can happen if the fundamentals and sentiment are so very strong that the market is just one way traffic, and there's such little profit taking that the price basically doesn't do it's full expected retracement.

Knowing Draghi, I'm sure he won't say anything that will cause a situation that will make the market act irrational, so you should be fine to take profit on your short at 1.1855 on Friday, but again look for your candlestick wicks as your tell tell sign.




Remember Adribaasmet, you're definitely going completely against the fundamentals at the time you short EUR/USD. So keep that in mind. The 'BIG GUYS' will certainly be looking to get long again on a pullback, so be vigilant if you're going to fade the spike. To be safe you could just take profit at resistance and wait for the pullback to get back long again.


And lastly (so I guess this is actually a 4 part trade) get Long on the pullback (presumably on top of 1.1855, and prepare to hild for a long to bull run.


There are a lot of pips to be made here but make sure you play it smart. The entire process will take appx. 3-4 weeks, and will yield a total of appx. 570 pips on the entire bull run.


**Appx. 900 pips if you follow the four part process**


Hope this helps! Let me know if there's anything else I can help you with.








~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
ICManagement (giddings837)
Jun 14 2018 at 10:19
7 โพสต์
Just to clarify one thing. Tomorrow will not be a day where we'll see the ECB come off their negative interest rate/unwind stimulus further. An unexpected move like that is sure to gap the market up a few hundred pips instantly, which is something they don't want to have happen. Tomorrow will be a day of preparing the market for the these things in the near future as economic conditions continue to improve. In essence, tomorrow is looked at by the market as a day of confirmed hawkish forward guidance from the committee only, and no actual changes to monetary policy. Thankfully though, since the market is always forward looking, this is all we need to get our desired initial up move, and subsequent EUR/USD bull run as markets begin to price in the upcoming change in monetary policy from the ECB and unwind the bull position on USD now that the hike has happened and the Fed is now temporarily 'on hold,' which is essentially what 'gradual rate hikes' means.







~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently
~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
ICManagement (giddings837)
Jun 14 2018 at 10:20
7 โพสต์
***GBP/JPY UPDATE***



Due to recent major updates to the fundamental to the geopolitical risk climate on both sides of GBP/JPY, the pair is now being updated from a long term SELL to a short term SELL, and a long term BUY. Here's why.

Out of the UK on Tuesday, the 'meaningful vote' was passed, which basically grants the government more time to work out the concerns in the Brexit deal. This is a big deal for a market worried about PM May 'running out of time,' and, at least for the time being lightens the burden of Brexit on GBP.


To add to this fundamental shift, the market is now very much so in a risk on environment. The unprecedented move of North Korea's dictator yesterday to firmly establish a denuclearization agreement with the United States has profound implications on JPY trade.

 In short means that any dips seen GBP/JPY will quickly be faded by other traders, as they look to break through the key resistance of 148.00. Tonight is likely going to be last dip in GBP, on top tier retail sales data, due to come in with negative expectations. Following this release, GBP/JPY will quickly find a near support and look to continue it's developing upward angled trend, which could likely result in a full fledged breakout as it runs stops above 148.00.



As help for GBP/JPY bulls, the BOJ monetary policy statement is due to be released early Friday morning. Governor Kuroda is almost guaranteed to reiterate his usual dovish comments, citing why monetary policy should remain hold. This in and of itself is no surprise to the market, but given the previously stated shift in sentiment and relief over major geopolitical risks, the market is very likely to use his statement as an added reason to push for a bullish breakout. At this time, there are downside risks to this stance. Mainly the rumored possibility of a break down in the deal PM May made in order to get the 'meaningful vote' passed. This along with subdued inflation doesn't give GBP a super strong leg to stand on. But in reality, whether led by the Pound or the Yen, an upside breakout on GBP/JPY is basically inevitable.



** REVISED SHORT POSITION** GBP/JPY Short: Entry- 147.26; SL- 148.30; TP- 146.60








*NEW POSITION* GBP/JPY Long: Entry- 146.60; SL- 144.60; TP- 149.85; Mid term TP- 148.50


Trade Summary Rationale:


As previously stated.









~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.
Adribaasmet
Jun 14 2018 at 12:41
994 โพสต์
giddings837 posted:
It's no problem at all Adribaasmet. So here's the deal with EUR/USD. In short, go long now while it's still early. EUR/USD is set to spike approx. 200 pips between now and the end of the day tomorrow. Resistance is right below 1.2000. ECB's Draghi is due to speak in the morning, and people LOVE to find a reason to buy up the euro. Rate decisions tomorrow are undoubtedly going to remind the market of recent stimulus chatter, so I wouldn't be surprised to even see the market jump the gun and spike before he even says anything of substance. Broad based USD selling will add to this move and help get it to the resistance. Make sure you short the pair at or right below the resistance and then buy it back at 1.1855 for another appx. 550 pip up move.

Thank you very much for quickly reply! It really helps me a lot. Have a good day.
vontogr (togr)
Jun 14 2018 at 14:50
4862 โพสต์
giddings837 posted:


Hi MyFxBook community!

My name is Warren, a analyst with Infinity Capital Management. In the interest of helping everyone make good money this week, I thought I'd share the most important trades that will be taking place this week.

EUR/CAD long : Entry- 1.5300 ; SL- 1.4900 ; TP- 1.5685 ; Mid term TP- 1.5422

Trade Rationale Summary:

Market trading upcoming ECB meeting where the committee is going to be discussing cutting of QE and possible update of rate hike forward guidance. Trump reiteration of protectionist attitude at recent G7 summit, withdrawal of support from G7 communique, and continued push for steel and aluminum tariffs continue to weigh on CAD, and will play a major role in pace future BOC rate hikes.


USD/JPY Short: Entry- 109.496 -109.850 ; SL- 11.50; TP- 105.15; Mid term TP 108.600

Trade Rationale Summary:

Safe Haven flight will continue to see JPY strengthen. With a positive outcome from the North Korea/ Trump meeting tomorrow already priced into the market, any hint of negative rhetoric from either side will result in further Yen strength, where as positive rhetoric will have a mostly muted effect. US CPI coming later in the week will likely reaffirm the need for 'gradual' hikes from the fed, rather than swift immediate action. Since three hikes are already priced into the USD, unless accompanying FOMC statement comes out strongly hawkish (which is extremely unlikely) the market will sell off the hike this week, and USD will begin it's strong bear run.

GBP/JPY Short: Entry- 145.00-147.00; SL- 148.30; TP- 140.150; Mid term TP- 144.850

Trade Rationale Summary:

With Brexit negotiations in constant turmoil, the GBP underlying fundamentals remain weak. This week Manufacturing production has a good chance of beating expectations, or at the minimum, coming out in line with expectation based on the PMI numbers seen last week. However, the market will overlook this data as it eyes Average Earnings data, as well as CPI, both which are likely to be big disappointments. This will be further confirmation of a prolonged period of the BOE remaining 'on hold', while it looks to see whether subdued data throughout Q1 truly is transitory, or has more permanent undertones. JPY strength will stem from broad based geopolitical tensions.

AUD/USD Long: Entry- 0.7600; SL- 0.7400; TP- 0.8085; Mid term TP- 0.7685

Trade Rationale:

As stated earlier, USD will very likely experience an extended and broad based selling across most majors in the days and weeks following the rate hike this week. Although the recent data out of Australia hasn't been the greatest, there are two very important factors that should be considered. First, although the RBA is currently 'on hold,' in their last meeting they reaffirmed their position that the future direction of rates will be 'up rather than down,' giving a hawkish tone to an otherwise even stance. Secondly, and probably most important is this. Throughout all the recent data misses from Australia, and the recent positive data from the US (please refer to an economic calendar if detail on these are needed), AUD has managed to strongly maintain it's long term upward trend, only briefly testing support levels before rebounding. Additionally, AUD/USD along with quite a few other USD pairs have managed to maintain their Daily timeframe head and shoulders pattern. AUD/USD in particular is currently in the process of working it's way back into a long term upward channel, visible on the Weekly timeframe. The current level of the pair, 0.7600, is right at the bottom of the channel, and despite adverse data, the pair has already made a strong attempt to break back into the channel. This suggests some very strong institutional traders are positioned net SHORT USD, and add further evidence to the impending USD bear run.



All of these trades were thoroughly researched from a fundamental, technical, and sentiment based perspective. Please take advantage of them! Also, I took the liberty of providing everyone with a screen shot of this week's lineup attached to this post. I look forward to helping you all make loads of pips and cold hard cash! After all, that's what the game's all about right? Have a great trading week guys!









~Infinity Capital Management~ Accumulate Wealth. Safely. Consistently.

You do not have a single trade.
https://www.myfxbook.com/members/giddings837/infinity-capital-management/2559083
Why should anyone follow you with unknown performance.
Check my profile I have accounts profitable for years.
That is how you build your credibility.
Aso Dolf (Enictor)
Jun 17 2018 at 12:11
4 โพสต์
giddings837 posted:
It's no problem at all Adribaasmet. So here's the deal with EUR/USD. In short, go long now while it's still early. EUR/USD is set to spike approx. 200 pips between now and the end of the day tomorrow. Resistance is right below 1.2000. ECB's Draghi is due to speak in the morning, and people LOVE to find a reason to buy up the euro. Rate decisions tomorrow are undoubtedly going to remind the market of recent stimulus chatter, so I wouldn't be surprised to even see the market jump the gun and spike before he even says anything of substance. Broad based USD selling will add to this move and help get it to the resistance. Make sure you short the pair at or right below the resistance and then buy it back at 1.1855 for another appx. 550 pip up move.

Am long from 1.7268. But on my chart, i got this trend line from 2017 Jan. and April lows... which currently the market might be using as resistance as at typing... Any break back up from this trend-line... Can i suggest the long is still intact?
Adribaasmet
Aug 27 2018 at 10:54
994 โพสต์
Enictor posted:
giddings837 posted:
It's no problem at all Adribaasmet. So here's the deal with EUR/USD. In short, go long now while it's still early. EUR/USD is set to spike approx. 200 pips between now and the end of the day tomorrow. Resistance is right below 1.2000. ECB's Draghi is due to speak in the morning, and people LOVE to find a reason to buy up the euro. Rate decisions tomorrow are undoubtedly going to remind the market of recent stimulus chatter, so I wouldn't be surprised to even see the market jump the gun and spike before he even says anything of substance. Broad based USD selling will add to this move and help get it to the resistance. Make sure you short the pair at or right below the resistance and then buy it back at 1.1855 for another appx. 550 pip up move.

Am long from 1.7268. But on my chart, i got this trend line from 2017 Jan. and April lows... which currently the market might be using as resistance as at typing... Any break back up from this trend-line... Can i suggest the long is still intact?

Hello, what’s your current status of trading? Are you trading manually or using any automatic trading service?
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