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On September 18, Marex analyst Edward Meir said, "The Feds overall stance on interest rates is slightly hawkish, and they are not really keen on supporting rate cuts. Therefore, we saw the dollar strengthen after the Fed meeting and U.S. Treasury bond rates also rose... I think in the short term, gold prices may be a bit overbought and may retreat further to the $3,600 mark."The Central Bank of Moldova cut its key interest rate to 6%.The Eurozones seasonally adjusted current account data for July will be released in ten minutes.On September 18, Mitsubishi UFJ reported that the Bank of England will hold interest rates steady in September, following a narrow vote to cut rates in August. With little likelihood of a rate change now in sight, market attention will focus on the split in the vote, fine-tuning of policy guidance, and the annual decision on the pace of quantitative tightening. A 7-2 vote is expected to maintain interest rates, with Taylor and Dhingra voting for a rate cut. Guidance will continue to indicate a gradual decline in interest rates, but looking ahead, the Bank of England appears prepared to slow the pace of rate cuts to reflect the lack of consensus on easing. A December rate cut remains possible, but it is likely to be another close call. Regarding the balance sheet, the market generally expects the pace of quantitative tightening to slow from the current annual pace of £100 billion. This figure is expected to be revised to £60 billion, implying a slight reduction in active sales compared to the previous 12 months.Sources: Qatar raised the price of its October Al-Shaheen crude oil to a premium of $3.61 per barrel over the benchmark oil price.

Make profit from the shock trends

Eden

Oct 25, 2021 13:27


The shock market accounts for the largest proportion of the market, and it is expected that 70% of the price fluctuations will be the shock market. For investors, the shock market has many trading opportunities and risks under control.


Observing the features of the price chart of the shock market, there are many trading opportunities:

1. Buy when the price drops to a low level;

2. Sell when the price rises to a high level;


What is a shock market?

The shock market generally appears after a wave of rise or fall. In such a market, because the power between the long position and the short position is relatively balanced, the market will be limited to a certain area and will not go too far.

Since the bullish or bearish news in the previous unilateral trend market has been digested by the market, there is no new fundamental news in the market for the time being, and both bulls and bears in the market maintain a cautious attitude. From the performance of the price chart, the price will fluctuate up and down in a certain range, and the moving average indicators are glued together and arranged horizontally. This kind of market is what we call a shock market.


How to make profit from the shock market?

First of all, we need to find out the range of oscillation, namely the support and resistance levels

1600932588534410.png

Support level: refers to the price level that may encounter support when the price falls, and thus stabilizes, and is the low level of the shock range.


Resistance level: refers to the price level that may encounter pressure when the price rises, thereby reversing the falling price, which is the high level of the shock range.


Then, remember the shock trading principle

Trade in the shock range; make long positions near the support level and make short positions near the resistance level.

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