... and I am a bull now for the currency pair Euro vs Canadian Dollar (EURCAD). I think it could run up to 1.58 from here, it currently trades @ 1.4990 . SL should be around 1.4700 .
... but is it doable in reality ?
- Thread starter janbillian
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Ouch, the most recent long setups I posted in currencies are not valid anymore, both would have to be closed (if not closed already) at a loss.
However, the palladium setup would have worked out very well, I raise the price target to 3,500 US$ .
Stanley Druckenmiller got it right again in currencies with his extremely bearish outlook on the US Dollar in early february, the interview is three months old (see page 18 of this thread). A short summary of the interview can be found here -> https://www.livewiremarkets.com/wir...the-wildest-cocktail-in-40-years-of-investing
I certainly would not go long in the US Dollar knowing this if I traded currencies.
However, the palladium setup would have worked out very well, I raise the price target to 3,500 US$ .
Stanley Druckenmiller got it right again in currencies with his extremely bearish outlook on the US Dollar in early february, the interview is three months old (see page 18 of this thread). A short summary of the interview can be found here -> https://www.livewiremarkets.com/wir...the-wildest-cocktail-in-40-years-of-investing
I certainly would not go long in the US Dollar knowing this if I traded currencies.
I think Tesla's bull run is over, and that this great but very highly priced company will see its share price collapse to around 150 - 200 US$ (market cap of around 150 - 200 billion US$) in the next two years. The bearish scenario I presented on page 18 is thus still valid despite the share price since then has risen, not fallen.
As of now, the chart for the cryptocurrency Bitcoin looks awful (for a potential buyer) and wonderful for a potential shortseller who profits from a falling price. The price as of now is 39,218 US$ (source : tradingview), it has now closed below the EMA34 since March of 2020.
I believe it can now drop back to 15,000 US$ or even lower and, if a short position would be initiated right now, would place the stop loss @ around 48,000 US$.
I believe it can now drop back to 15,000 US$ or even lower and, if a short position would be initiated right now, would place the stop loss @ around 48,000 US$.
... update on the Bitcoin (BTCUSD) short setup I posted a few hours ago, it now has dropped 4,000 US$ in this short timeframe -> more than 50% from its ATH a few days ago. This reminds me of the popping of the tech bubble in early 2000.
I lower the price target on this potential short candidate from 15,000 US$ to 5,000 US$.
I lower the price target on this potential short candidate from 15,000 US$ to 5,000 US$.
Long setup in the closely watched currency pair Euro vs US$ (EURUSD), clear upward trend on a monthly basis.
I think it might rally to 1.35 (currently trading @ 1.2260), SL I'd place @ 1.1800 .
I think it might rally to 1.35 (currently trading @ 1.2260), SL I'd place @ 1.1800 .
Does Stan "The man" Druckenmiller have an educated guess about which of the FAANG stocks (he does include an M like Microsoft (MSFT) ) could hit a market cap of five trillion US$ ? "My #1 would be Amazon, #2 Microsoft". Interview from 06/28/2021 ->
Very interesting situation in the nearest Lumber futures contract (LBS1! on tradingview), the price has lost more than 50% of its value in a very short timeframe. I think it has now hit close to bottom and will continue its price climb in what I consider a long term upward trend.
It currently trades at around 835 US$, SL I'd place @ 650 US$ and profittarget for this buy setup would be 1,300 US$ .
It currently trades at around 835 US$, SL I'd place @ 650 US$ and profittarget for this buy setup would be 1,300 US$ .
Very interesting situation in the nearest Lumber futures contract (LBS1! on tradingview), the price has lost more than 50% of its value in a very short timeframe. I think it has now hit close to bottom and will continue its price climb in what I consider a long term upward trend.
It currently trades at around 835 US$, SL I'd place @ 650 US$ and profittarget for this buy setup would be 1,300 US$ .
That trendline should be violated, if my instincts are correct. Still in bubble phase. Double bottom looks to be around 600ish.