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October 10th - EU leaders will discuss a scaled-down budget proposal when they meet in Brussels next week. This comes after negotiators significantly reduced their initial proposal under pressure from some countries. Ireland, holding the rotating EU presidency, presented a compromise on Saturday regarding the EUs next seven-year budget, cutting approximately €160 billion ($179 billion) from the European Commissions €2 trillion proposal last year, to a nominal value of €141 billion. Irish Minister for European Affairs Thomas Byrne stated that the latest proposal represents a reduction of about 8% from the initial plan, opening the door to the next phase of negotiations. "We listened carefully to all member states. We worked with them to identify their priorities," Byrne said on Saturday. "No proposal can satisfy everyone."On October 10th, according to information released by the Houthi rebels in Yemen, the Saudi-led coalition launched an airstrike on Sanaa International Airport, the Houthi-controlled capital of Yemen, dropping four bombs on the afternoon of the 10th local time. In addition, the Saudi-led coalition also launched an airstrike on a communications facility in Hajjah province, also controlled by the Houthis, dropping three bombs. Saudi Arabia has not yet responded to these reports.On October 10, Russian Presidential Press Secretary Dmitry Peskov said that during his trip to Turkmenistan for the CIS Heads of State Council meeting and the Caspian Sea Eco Summit, Putin informed Iranian President Sergei Pezechzian that he would speak with Donald Trump. Following consultations with Pezechzian, Putin conveyed Irans proposals for resolving the conflict to Trump during his call with Trump on October 9. However, Peskov did not disclose the specific details of Irans proposals.According to the Palestinian National News Agency, Palestinian President Mahmoud Abbas issued a decree cancelling the Legislative Council elections originally scheduled for November 28, 2026, and rescheduling the presidential and Legislative Council elections for September 11, 2027.On October 10, the General Staff of the Armed Forces of Ukraine announced that Ukrainian troops had again attacked the Samara linear production dispatch station in Russias Samara region. The extent of the damage is still being assessed. The Ukrainian side stated that the station is a major hub for receiving, storing, and blending crude oil for Russia, playing a crucial role in ensuring the needs of the Russian military. Furthermore, the Ukrainian military confirmed that four storage tanks were destroyed and a large fire broke out during the attack on the station on October 7. Ukraine stated that such attacks are aimed at weakening Russias military and economic potential.

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

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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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