BluFx Trading

17/06/2018

Reviewing old setups tonight 🤙🏼
I've found that going over more recent positions lately has helped a lot more than going back a year or two like I used to..
Don't get me wrong... backtesting has it's place.. and I was able to narrow down my style and favourite pairs by doing so... but as of late it's the "ideal setups" portfolio that I've been buried in and have been building upon.
I've had a couple really good chats with some guys lately that have agreed on reviewing your go-to setup over and over and over again until it's branded into your subconscious.
It's made a massive difference in my ability to spot setups and potential moves before they play out.
Now it's more about greasing up the trigger finger so that I'm taking the setups when they present and not getting in too late or missing the trade altogether (which has been the case lately... unfortunately)
Always improving... always coming at it from a new angle 🔍
How have you guys been getting on lately with your chart work these past couple months?

17/06/2018

https://amzn.to/2FDibnQ Works on all timeframes - Works with the ThinkOrSwim Platform - Works with stocks, ETFs, Forex currency pairs, Futures - Improved functionality over the indicator shown in this video: https://www.youtube.com/watch?v=My96yypitD4 The Elliott Lines indicator has been commonly referenced in trading analytics as an extremely powerful tool. It uses Fibonacci Theory in order to extrapolate existing and future Elliott Wave levels on stocks. This allows the trader to see probable levels of support and resistance ahead of time - before the stock price actually reacts to them. Using this indicator one can easily set effective price targets, entry levels, as well as stop losses. We have created this indicator ourselves, as we have found that similar indicators from other services were lacking in quality as well as quantity of symbols covered. The indicator supports over 360 Stocks, Index ETFs, Futures, and Forex Currency Pairs. We use Fibonacci theory to extrapolate future support and resistance levels based off agreed upon historic Elliott Waves. Because of how the Elliott Lines are calculated, it won't work on every stock. However the stocks that we support are extremely high volume and commonly traded stocks. - Purple lines represent heavy support/resistance levels - Blue represents intermediate levels - yellow lines are weaker levels. By purchasing a premium indicator you acknowledge that you will not share the indicator nor the price chart information that it provides with anyone who has not purchased this indicator. You understand that this indicator is meant to work with the ThinkOrSwim platform. If you use a different trading platform other than ThinkOrSwim & purchase this indicator, no refund will be given, as you will have received proprietary code, as well as been warned in advance that this indicator is for TOS only. INSTRUCTIONS INCLUDED IN FILE.

Works on all timeframes - Works with the ThinkOrSwim Platform - Works with stocks, ETFs, Forex currency pairs, Futures - Improved functionality over the indicator shown in this video: https://www.youtube.com/watch?v=My96yypitD4 The Elliott Lines indicator has been commonly referenced in trading a...

17/06/2018

DNB FX trading is an online service that offers corporates the possibility to monitor quotes and charts, read analysis, news and trade foreign exchange (FX).

DNB Markets Online FX Trading is the service our clients use to perform spot, forward outright and currency swap transactions in more than 20 currencies and more than 100 different combinations. The service is fully automated, meaning that transaction requests normally receive an immediate response.

17/06/2018

A forward transaction is an agreement between the bank and the client to buy or sell a currency amount at a specified point in time in the future. This is relevant for clients who wish to hedge their future income and expenditure in foreign currency.
The exchange rate (forward rate) is agreed when the transaction is carried out. The forward transaction is settled on the maturity date, thus there is no liquidity effect prior to the maturity date.

Advantages
Clients can hedge the exchange rate on their future income and expenditure in the relevant currency.

Forward transactions allow clients to reduce their currency risk.

Clients have a more accurate basis for selling and buying calculations, and are better able to forecast their liquidity position and results in the longer term.

Disadvantages
With forward transactions, the client misses out on the opportunity to make a possible exchange gain during the period from when the transaction is carried out up until the maturity date. A currency buyer can therefore lose out on a drop in the exchange rate, and likewise a seller can lose out on any exchange rate rise during the course of the transaction.

Pricing
The forward rate is composed of a spot rate and an addition to or deduction from the spot rate.

The addition or deduction reflects the interest rate margin between the currencies involved for the period in question. Thus the forward rate does not reflect the bank’s expectations as regards future exchange rate trends.

Term
The maturity date is normally between one week and 12 months in the future. DNB Markets also issues prices for periods exceeding 12 months.

This is a product that requires a credit line.

DNB Markets deals with all issues concerning foreign exchange and treasury activities in the DNB group.

17/06/2018

DNB Markets covers all time zones through the offices in London, New York, and Singapore and its head office in Norway. This global network provides a 24-hour dealing service that allows us to support our Norwegian and Shipping customers in the management of their foreign exchange and interest rate exposures.

DNB Markets deals with all issues concerning foreign exchange and treasury activities in the DNB group.

19/03/2018

Trump shakes the markets once more with his twitter. U.S. Futures were lower on Monday, after U.S. President Donald Trump unleashed a tweet fury over the weekend, sparking another round of political uncertainty. First, Trump accused Special Counsel Robert Mueller of hiring “hardened Democrats” to investigate ties between the 2016 presidential campaign and Russia. After a while, he dismissed the idea that former Deputy FBI Director Andrew McCabe had incriminating documents. McCabe was fired on Friday, just two days before his retirement. Combined these two tweets caused more havoc than entire macroeconomic updates coming from the Fed: The S&P 500 futures fell 14 points or 0.54% to 2,741.25 while Dow futures decreased 131 points or 0.52% to 24,834.0. Meanwhile, tech-heavy Nasdaq 100 futures were down 98 and a half points or 1.40% to 6,945.50.
Trading CFDs involves risk of loss

Short-dated bills reach highs not seen since 2008 when central bank cut rates aggressively

04/03/2018

God Save The Queen: GBP goes down to near 3-week low after May criticizes EU Brexit proposals.
Today`s news is all about the UK. UK Prime Minister May has hit out at Brussels’ first draft of a Brexit treaty, sending GBP to sink waters to near 3-week low. Sterling fell as much as 1% to $1.3772, the weakest level since February 9. Today’s decline takes its loss for the month to nearly 3 percent — the most since October 2016. The GBP/USD is now trading within broad bearish trend channel sloping downwards and the pair needs to break below 1.3737 support line represented by 38.2% Fibonacci retracement line of the up move from 1.2770 to 1.4343 to confirm further weakness. The UK domestic data front is not helping Pound a lot with the UK manufacturing PMI decelerating to 55.2 in February, although it came out a bit better than expected.
Trading CFDs involves risk of loss

04/03/2018

Daily major currency pairs overview shows the strongest Dollar and weakest Pound. USD remains the strongest currency across the board. Dollar remains broadly supported after Fed Chair Jerome Powell reiterated on Tuesday that the U.S. central bank would likely move forward with gradual increases in interest rates. Today's good US economic releases also supports strong USD. USD/JPY jumps to fresh session tops, eyeing a move beyond 107.00 handle. Currently The US dollar is heading for its second-best monthly performance of the Trump presidency as investors pencil in the possibility of additional interest rate rises this year. The dollar index was up 0.3% to 90.604 on Wednesday which leaves it 1.7% higher for February, on track for its best month since November 2016 when Mr Trump was elected president.
Trading CFDs involves risk of loss

28/02/2018

EUR/USD clings to 1.2300 on Powell, US data disappoint

• The pair briefly tested 1.2290/85 just to rebound afterwards.
• DXY leaps to fresh tops above the key 90.00 handle.
• Fed’s Powell sees further gradual rate hikes in the next months.
Volatility is picking up pace around EUR/USD today following Fed Powell’s Humphrey-Hawkins hearings.
EUR/USD offered near 1.2300
Spot has given away initial gains on Tuesday in response to a renewed pick up in the buying interest around the buck following Powell’s first congressional testimony.
Fed’s Powell stressed the economic outlook remains strong while he sees the tightening cycle continuing at a gradual pace over the 2018-2020 period.
Powell noted that wages should increase at a faster pace while he did not appear concerned over financial market volatility. He also suggested that the gradual reduction of the accommodative monetary conditions should prop up the solid labour market and lift prices towards the inflation target.
On the positioning front, US Durable Goods Orders contracted 3.7% MoM in January and the trade deficit widened to $74.4 billion during the same period.
In the meantime, the pair manages well to keep the 1.2300 milestone for the time being despite a buyers continue to flow into the buck.
EUR/USD levels to watch
At the moment, the pair is losing 0.09% at 1.2306 facing the immediate support at 1.2260 (low Feb.22) followed by 1.2206 (low Feb.9) and finally 1.2165 (low Jan.18). On the other hand, a break above 1.2361 (21-day sma) would target 1.2366 (10-day sma) en route to 1.2537 (high Jan.25).

Trading CFDs involves risk of loss.