Trade Opportunity: Short USDZAR

USD/ZAR Daily Candlesticks & Ichimoku Chart –  SHORT 

Oct 2: Initiated short on the bearish candle

Oct 11: Took partial profits and let 50% of the position ride with adjusted S/L and T/P  (For actual adjusted levels, click here)

USDZAR has pierced through the daily ichimoku cloud aggressively. A close below the cloud will confirm that the downtrend has only just begun.

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

Trade Opportunity: AUDNZD retracement provides levels to get long

USD/ZAR Daily Candlesticks & Ichimoku Chart –   SHORT 

Oct 2: Initiated short on the bearish candle

Oct 11: Took partial profits and let 50% of the position ride with adjusted S/L and T/P (For actual adjusted levels, click here)

USDZAR has pierced through the daily ichimoku cloud aggressively. A close below the cloud will confirm that the downtrend has only just begun.

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

Trade Opportunity: USDTRY downtrend about to begin

USD/TRY Daily Candlesticks & Ichimoku Chart –   SHORT  

TRY has been extremely resilient against the USD in recent days despite weakness in other Emerging Market currencies. USDTRY is poised to close below the daily Ichimoku cloud soon. The downtrend is about to begin in earnest.

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

What If You Could Make A Living Just By Answering These Questions?

Macro trading is the ability to distill global narratives into a thematic market hypothesis that you believe will play out in the long run. The aim is to predict and interpret macro-economic and political events and profit from the possible outcomes using the most optimal expression among a range of possible trading products, including currency, interest rates and securities.

“Those with skin-in-the-game and the refined skills to trade their narratives will inevitably be rewarded handsomely by the markets.”

The most famous example of such a success comes from George Soros and his then lieutenant and head trader, Stan Druckenmiller. Both closely followed the development of Great Britain’s efforts, under the leadership of John Major, to stay within the European Monetary System. The problem was that Germany’s and England’s economic cycle didn’t coincide, causing huge economic friction between both their monetary and fiscal policies. The result, as both Druckenmiller and Soros predicted, was a necessary devaluation of the British pound and termination of their plan to join the European Monetary system. The trade was clear – sell the British pound.

According to sources, Druckenmiller came up with the original idea, but it was Soros who ordered him to bet the house – meaning to leverage Soros’ hedge fund operation to the hilt (according to various sources, at one point it was a 10 times leverage of their original NAV). The trade paid off – the Bank of England had to devalue the pound, Soros’ fund made over $1 billion in profits, and the rest is history.

 

THE RETURN OF THE MACRO TRADER

Over the last four to five years, the global macro strategy has suffered in performance. Consequently, this strategy has been in decline in popularity among institutional investors. Low volatility and the trend for computerized trading and automated decision-making has taken a big chunk out of macro funds. It seemed the strategy and their managers were out of touch with the rapid change of technology and the new normal of never-ending equilibrium and low volatility through February 2018.

Furthermore, a rare form of global economic stability with low inflation, low interest rates, and moderate growth resulted in very little volatility in any segment of the financial markets. However, volatility returned suddenly to equity markets with a spike in the VIX index (a measure of volatility in the US equity market) at the beginning of 2018, from low single-digit to as much as 35. Computer traders who had been betting on low volatility lost massively, with some ETFs losing everything. The winners were foremost individuals following a macro strategy.

“Institutional investors, anticipating more interest rate increases in the US and political risks globally, have been regaining their interest in big macro funds. They poured nearly $12 billion into the strategy during the first four months of the year, surpassing the inflows from all of 2017 (data compiled by eVestment).”

Macro investments tend to perform best in high uncertainty/high volatility environments where macro factors exert a meaningful influence on asset pricing.

These types of markets affect factors such as interest rate differentials, foreign exchange balances, and the consequent over and under valuation of asset classes and sectors. As such, markets may be exploited through nimble and tactical positioning.

For the reasons stated above, we believe today’s markets are moving toward a state of disequilibrium that makes current asset valuations increasingly fragile. In other words, the current environment seems to be one in which Macro would be well positioned for strong performance and the time for active management is back.

Macro Traders question themselves on possible outcomes of the macro environment on a consistent basis. Wagering real monies behind their answer is what separates them from the rest of the folks with just an opinion.

DO YOU THINK LIKE A PROFICIENT MACRO TRADER?

TEST YOUR UNDERSTANDING WITH OUR QUIZZES BELOW!

Quiz 1: How to Trade when China Moves the Markets

Quiz 2: How to Profit from Unexpected Situations

Quiz 3: How do Geopolitical Risks Affect the World?

Follow us on Instagram – @trackrecordasia for fresh quizzes every week!

Trade Opportunity: Short USDZAR

USD/ZAR Daily Candlesticks & Ichimoku Chart –   SHORT 

30 Aug: New Trade: Sell USD/ZAR at 15.235, with S/L at 15.54, and T/P at 14.54. Resistance building at 15.45-50 level getting stronger as time passes. Taking another stab at earning the carry and anticipating a weak close for the week will result in a bearish weekly candle.

13 Sep: Trade Update: USD/ZAR has sold off steadily since initiation of trade. With the trend looking strong, and level being close to target at 14.54, we are taking half profits at 14.5860. The remainder 50% of the position will now have the S/L moved to 14.94, and a new T/P at 14.03.

More weakness will lead to a close below the daily ichimoku cloud and we will be looking to sell into rallies should that happen.

 

CURRENT PROMOSubscribe now at $1/month to receive the above earlier than the others as well as key macro analysis from our CIO, Vee on a weekly basis!

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

Trade Opportunity: Short EURAUD – Broken below Ichimoku Cloud

EUR/AUD Daily Candlesticks & Ichimoku Chart –  SHORT 

EUR/AUD has broken & closed below the daily Ichimoku cloud. The downtrend begins…

 

CURRENT PROMOSubscribe now at $1/month to receive the above earlier than the others as well as key macro analysis from our CIO, Vee on a weekly basis!

 

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

Trade Opportunity: Short USDZAR – Bearish Close

USD/ZAR Weekly Candlesticks & Ichimoku Chart – SHORT

Bearish Weekly candle on the close of last week gives a good opportunity to short USD/ZAR with a stop just above the highs of the last few weeks.

CURRENT PROMO: Subscribe now at $1/month for 3 months to receive the above earlier than the others as well as other insights from our CIO, Vee on a weekly basis!

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

Trade Opportunity: MYR/THB trending lower

MYR/THB Weekly Candlesticks & Ichimoku ChartSHORT

MYR/THB has been trending lower for years, and continues to grind to all time lows. Is there any reason to stand in the way of such a strong trend?

 

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

 

Trade Opportunity: Long Gold

XAU/USD (Gold) Weekly Candlesticks & Ichimoku Chart – LONG

Gold continues to break higher as the race to negative yields continues. Support is now at 1440-1450.

 

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

 

Trade Opportunity: Sell USDCNH with a stop above high of candle

USD/CNH Daily Candlesticks & Ichimoku Chart – SHORT

Daily reversal candle on 6 Aug is an opportunity to sell with a stop above the high of the candle. A return to 6.90-6.95 is highly possible as momentum of the upmove continues to wane.

NOTE: The market has moved aggressively downwards (due to US watering down the 10% tariffs on Chinese exports) since we sent this out yesterday afternoon. The view is still valid and for those not involved yet – the plan is sell on rallies for much lower levels.

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd