BlackStone Futures
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This is the Official Telegram Channel of BlackStone Futures - Regulated Forex & CFD broker in South Africa.

πŸ‘‰ https://blackstonefutures.co.za

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27 August 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ I got onto the board, albeit not in the deep retracted move that I was hoping for. After the loss I took on Tuesday it was important to start clawing some of that back – the Pound pairs remain to be my best bet this morning and reasons that made yesterday’s trade look so attractive persist. I am going to have another bite of the same cherry today as I suspect that there may be a deep trade on the horizon, and I want to take advantage of that opportunity.

#GBPJPY SELL 140.00 – 140.20
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28 August 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ Considering the month we have enjoyed up to now, this week has felt tough but considering that we have not lost any money it has been a rather good one. I am going to venture away from the FX market today, and instead focus on the equity markets. It is fascinating how quickly the equity markets have returned to pre-pandemic levels, which means that asset levels are back at key resistance levels near all time highs. The market is still very much undecided how the global economy is going to recover in the coming highs and inflated asset levels combined with key resistance and divergence, makes shorting equites attractive to me.

#DE30 SELL 13140 – 13180
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31 August 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ A nice deep trade on Friday morning more than made up for the slow week that we had until then, some of you were even able to take advantage of a 100+ pip day. We are coming to the end of the NH summer holidays and as such many traders in Europe will be heading back to their trading desks which could mean increased volatility in the coming weeks. I am going to start looking towards the Eastern currencies today whilst I try and judge the next move in the equity markets. The β€œAussie” pairs are starting to reach key Fibonacci levels and long-term divergence suggests that momentum is starting to slow, I am going to look to pair the AUD against the JPY this morning.

#AUDJPY SELL 77.80 – 78.00
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01 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ Yesterday was a bit of a β€œnothing” day in that once we entered a trade, price action just moved sideways until we eventually got out of the trade for a small gain. I am going to continue to focus on the JPY pairs this morning, there is still a lot of confluence with key Fibonacci coupled with divergence giving me confidence that there is a trade around the corner. Things have been a little quiet of late, but with traders returning to their desks over the next two weeks, we should see some attractive looking trades soon.

#EURJPY SELL 126.75 – 127.15
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02 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ It was a fantastic day yesterday with the EUR losing a little gloss from the strength of recent weeks. It felt good to get a nice deep trade and it feels as though there is some increased liquidity coming into the markets. I am not going to look too far away from yesterdays trade, as strong as the EUR has been in recent weeks, the USD has been equally week – there is evidence in the form of long term divergence and resistance levels that suggests there could be a change of fortune for the Dollar this morning.

#EURUSD SELL 1.1925 – 1.1975
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03 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ It was a case of coming to the party a little late, as we had the right pair, but the momentum of the down move was too strong to present an opportunity. Equity markets are almost at the pre-pandemic levels again and the market will test those key resistance levels before determining the next move. There is enough long-term divergence to suggest that momentum is slowing enough to start looking at shorting the market.

#DE30 SELL 13370 - 13400
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04 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ It was a good feeling to get a 100+ point yesterday, so I can only imagine how those that hold on for a total 400+ point gain must feel this morning. There is not a lot of what I would call high probability trading opportunities this morning and with both NFP to be released today, and a US public holiday on Monday, it is probably a good thing that we are in this position that we are necessarily looking to trade this morning. As a full disclosure, I won’t be trading today as I would prefer to protect this week and come back again on Monday, my feeling is that we could see a nice retracement today and then possibly an opportunity for re-entry into the short equities next week.

#DE30 SELL 13150 – 13200
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07 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ I stayed out of the market on Friday on the back of NFP data and a US Bank holiday today, but for those of you that took the Dax trade you would have been handsomely rewarded. I will be sitting out the market again this morning with the threat of reduced liquidity in the afternoon session posing a real chance of slowing momentum. I will rather sit on the sides today and wait for the dust to settle tomorrow morning before deciding where the opportunity lies.
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08 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ A US Bank holiday gave us the opportunity to sit back and watch the markets yesterday, a busy morning was met with a very quiet afternoon. I would still like to see the dust settle this morning before deciding as to where we go this afternoon and thankfully the technical are setting up in a way that allows me to do that. I have the β€œloonie” trading on key 61.8% Fib support levels with daily divergence starting to develop, this allows me to see how the day unfolds before taking a decision. Given how weak the USD has been over the summer, I am hoping for a pullback this morning and then an opportunity to go long later the afternoon.

#USDCAD BUY 1.3100 – 1.3075
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09 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ How disappointing to call the correct trade, only for a strategy to keep me out of a trade that runs for over 100 points on the day. That is the risk of my double confirmation system, but it has kept me out of β€œbad” trades in the past which is probably more important than the odd missed opportunity. It was a strange day, we expected the USD to come back to life, but this was extraordinary and while we suspect that there may be some more momentum behind this move, we are going to look another way. Sterling took a beating yesterday, and for me, this has pushed the currency to key levels with both long term Fibonacci and divergence presenting some opportunity.

#GBPNZD BUY 1.9540 – 1.9510
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10 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ It has been a long time since I took 2 trades in a day, on reflection my initial trade yesterday was probably not the best one to take given that it was on the London open. I was fortunate to get another trade later in the afternoon that effectively meant that I ended the day the way I started it. The dollar has been under immense pressure over the last few months and although price action still looks vulnerable, momentum appears to be slowing somewhat. There are many variables that can affect certain pairs and so I am going to diversify my risk my trading the USD Index which is essentially a way to trade the Dollar against everything else.

#USDIndex BUY 93.12 – 92.80
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11 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ It was nice to get on the scoreboard yesterday with our first trade on the USD Index, there were some pairs that stronger against the USD – but by trading the index we were able to avoid having to pick a pair. Sterling has been under immense pressure this week and has taken a beating against most other currencies, I am looking to fade this move today in the hope that there will be some profit-taking heading into the weekend. Although almost all Pound pairs look attractive, it is the GBPNZD that looks most attractive to me on the Weekly chart given that there is long-term Fib levels in place.

#GBPNZD BUY 1.9240 – 1.9200
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14 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ We highlighted on Friday that there seemed to be some potential opportunity brewing in the equity markets. The pre-pandemic asset levels have fully retraced and we have a nice double top forming in those equities – considering that investors were nervous about current levels in January, we could be in store for a deep move this morning. There is long term divergence which gives me the added confidence that momentum is slowing but it is the gap open that has given me the most excitement, and I will be looking to close that gap this morning.

#DE30 SELL 13270 – 13290
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15 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ We highlighted the gap open on the DE30 yesterday morning and given that evidence pointed to a market that was uncomfortable with the toppish levels we were confident in selling the market. We managed to hold the trade until the gap closed for close on 85 points, a fantastic way to start the week. The instrument looks just as attractive this morning as it did yesterday, I may have to be patient this morning, but I do feel that I will get another short trade opportunity.

#DE30 SELL 13220 – 13270
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πŸ“’ ReminderπŸ“’
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If you would like to roll over any positions then please send an email to enquiries@blackstonefutures.co.za with your name and account number before 4pm.

Please note that only the aggregate position will be rolled over.
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16 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ Another good day in the equity markets as we continued with the momentum from Monday with another – for those of you that joined us for the webinar last night, have a look at how the strategy performed. Despite the equity markets still looking attractive I am going walk away this morning, I am going to have a look at Sterling again – there seems to be an unbundling in correlation with the GBP and the commodity currencies. I have decided to revisit our preferred pair from Friday, long term technical parameters persist, and I am looking to take advantage.

#GBPNZD BUY 1.9150 – 19110
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17 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ We continued with the momentum of this week with another big gainer, there are still some long-term support and resistance levels in place which means that there could be a prolonged rebound in Sterling. There once again a little bit of unbundling in that the GBPJPY appears to be lagging the rest of the pairs, this makes sense as the Yen is a key indicator of risk. There is again Fibonacci and key support levels in play, and I am looking to take advantage today.

#GBPJPY BUY 135.80 – 135.40
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18 September 2020

#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures πŸ‘‰ The BOE meeting meant that we had to wait patiently for our opportunity yesterday, but the result was worth the wait. It has been an incredible week and with another 100+ points yesterday it means that we have seen extraordinary growth. This leads to me being a little more patient today, the pressure to trade is off and I will prefer to be conservative to protect our gains especially over the weekend. As much there was an unbundling in correlation yesterday, we are in the same boat this morning with Sterling and the β€œKiwi” looking to play catch up again and so that is where I would focus my attention.

#GBPNZD BUY 1.9100 – 1.9070