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ASX200, CBA, Iron Ore, BHP, FMG, RIO, Lithium Stocks, GDX, GOLD, NCM, DXY, AUDUSD Elliott Wave


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Australian Stock Market Elliott Wave Analysis Trading Levels ASX 200 Index (XJO), Forex AUDUSD, US Dollar DXY, Commonwealth Bank CBA, BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG), Newcrest Mining NCM, Australian 2 Yr Government Bonds Yield. Technical Analysis Trading Strategies
ASX200 Market Summary: Bear Market  Elliott Wave count: Wave (i) of iii) of C of (B)
ASX200 Trading Strategy: Hold short and short Wave iii) IF Friday starts to trade lower, then follower that lead lower as Monday and Tue.'s will be bearish too. IF Friday trades higher, then Wave ii) corrective rally is not completed.
The tradinglevels; if the 6772 and 6765  Sub-Group2 become the resistance then short as thats the short trade setup.

Video Chapters
00:00   ASX200 (XJO)
10:06 Commonwealth Bank CBA 
11:09  Iron Ore Copper BHP RIO FMG 
13:29  Newcrest Mining NCM / US GOLD/ GDX
16:05  Lithium Stocks
19:20  Australian 2 Yr Government Bonds Yield
22:02  AUDUSD /  DXY US Dollar 
24:04 Thanks for watching!

Analyst Peter Mathers TradingLounge™ 

 

 

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    • Lots of Open Source Stuff on Github, I've worked with the API for probably 10 years or so.    https://github.com/tg12
    • That is called "algorithmic trading" or "algotrading" and a wealth of books/videos is available about this subject, e.g. the /r/algotrading subreddit.
    • I recently came across a trading bot carnival on Bitget where users are encouraged to trade EIGEN, CATI, TON, and MOODENG to share from $50,000. Though this looks enticing but I was confused, is bot trading different from copy trading? He explained that both methods trade for you automatically. Specifically, copy trading lets you copy the trade of an experienced trader, whereas bot trading follows set rules or algorithms to make trades. He recommended both as great starting points for beginners like me to get a feel for the market. I recently started exploring copy trading and now I need to add bot trading along since I want to try out the carnival and if it is better I might stick to it or what do you think?
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