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CADCHF 1D LONG TRIANGLE BREAKOUTAscending Triangle are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Long
by Tradingstrategyguides
3
GBPJPY DAILY TRADE SETUPSPrice has been in a Bearish downward move. Price is taking a Bullish Pullback. Price will either continue Bullish upward move or reverse and continue Bearish downward move. Bullish Long Setups. Entry points long found on a 15m chart. Take Profit levels found on fib retrace levels. Bearish Short Setups. As Price moves upward, it can retrace at different fib levels and continue its Bearish downward trend. Entry points long found on a 15m chart. Take Profit levels found on fib retrace levels. 15m chart Entry points will the Break-Hook-Go candle patterns at different fib levels. Find your own Stop Loss points.
by Tradingstrategyguides
1
GBPUSD 1D WOLFE WAVE STRATEGYWhen trading the best wolfe strategy you will find that after the entry is triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent. Once we’ve got the first five waves we have the general setup of the wolf wave . After the last wave has broken above the ascending wedge channel it’s the time to get ready for some action. Step #1: Prior to the Bearish Wolfe Wave Formation look to have a clear Bullish Trend . Firstly, before the first wave to develop we need to have a clear trend that needs to be reversed. For high probability trades, we want to see a prior bullrish trend before the bearish wolfe wave develops. This step is quite essential if you want to correctly trade the wolfe pattern. Now that we’ve identified a trend, it's time to apply the wolfe wave rules to the price chart. This brings us to the next step of our reversal strategy. Step #2: Try finding a 5 wave move that can be contained in a channel. The last wave 5 must break above the wedge channel. A valid wolfe wave is composed of 5 waves that follow some simple rules. However, the most important rules are that wave 2 and 4 must be contained within the channel created by Wave 1 and Wave 2. Secondly, wave 5 breaks above the trendline created by wave 1 and wave 3. Step #3: Sell after we break above and then a candle close back inside the Wedge Price Channel . At the moment when the price enters and closes back into the price channel , we want to enter a short position. We like to wait for the close inside in order to eliminate possible fake breakouts. Note*: If we don’t get a close back into the wedge price channel we don’t have a valid trade signal. Another sign to look for is how quickly it goes back into the channel. We prefer to only trade the wolfe patterns that retrace very quickly back into the range. This is a sign that a smart money reversal is at work. Remember, in trading, you only want to trade the high probability trade setups. Step #4: Draw a trendline that connects the wave 1 high and wave 4 low and extend it in the future. Take profit when the EPA line is hit or candle close below it.. The line that connects the wave 1 high and wave 4 low is called the wolfe wave EPA line. The EPA line stands for Estimated Price at Arrival and it’s an effective take profit strategy. The EPA line main purpose is to show at what price the market will extend after it reversed the previous trend. Note*: If the EPA line is too steep, often time it means that the price will never reach it. In this case, you want to take profits early. Step #5: Hide Protective Stop Loss above Wave 5. The protective stop loss can be located above the last wave or wave 5. This strategy gives us a very tight stop loss which is good for our risk management strategy. Obviously that a break above wave 5 means we also break first above the channel and this will invalidate the validity of the wolfe wave chart pattern. Note** the above was an example of a SELL trade using the best wolfe wave strategy. Use the same rules for a BUY trade. Conclusion - Best Wolfe Wave Strategy The wolfe wave strategy is a trading strategy built around waves the same like Elliott Wave trading. We use other trading concepts like channeling and price symmetry to find the best possible trade signals. If the trade works in our favor then we have a really good chance to have a good trade in terms of risk to reward ratio. With trading experience, it will become much easier to spot the wolfe wave patterns.
Education
by Tradingstrategyguides
EURUSD 1W 1D 4H TRADESThe weekly chart shows sup/res levels used to take profit levels. The 4h chart shows entry points. Bearish trades. 1st sell trade at breakout of triangle bottom @ 1.0663. 1st sell take profit at 1.0560. 2nd sell continuation trade breakout at sup level of 1.0560. 2nd sell take profit at 1.0450. Bullish trades. 1st buy breakout of top of the triangle. You determine the entry point. 2nd buy trade at reversal point of 1.0560. 3rd buy trade at reversal point of 1.0450. All buy trades take profits are at 1.1030 resistance level. You determine your stop losspoints.
by Tradingstrategyguides
1
ETHUSD 1D BEARISH FLAG PATTERN SHORT TRADEStep #1: Look for evidence of a prior bearish trend. For a valid bearish flag, you need to see a sharp decline. Just because you can spot the bear flag pattern, doesn’t mean you have to jump straight into the market and trade it. Remember, we need the right context and the right price structure needs to line up for a tradable bearish flag. So, the first step is to identify the market trend prior to the flag price formation. First, a valid bearish flag needs a sharp decline. This is strong evidence of a bearish trend and that the supply and demand is out of balance. Note* The sharp move is also the Flagpole – the first element of the bearish flag structure. Step #2: Identify the flag price formation. The price action needs to move in a narrow range between two parallel lines. The flag price formation is the second element of the bear flag pattern. Basically, all you need to do is to spot one support and one resistance level. It must contain the price action in a very narrow range. The narrow range is key for the bear flag pattern success rate. Step #3: Sell at the closing candle that generates the Flag Breakout. After we identify the market trend and the characteristics of a good bearish flag pattern we need to wait for confirmation that the trend is about to resume. There are two basic approaches to enter the market with the bear flag pattern. Aggressive traders will enter at the top of the bearish flag as this will secure a little bit of bigger profits. If you’re a conservative trader you can wait for confirmation provided by the flag breakout. Our team at TSG prefers to take the conservative approach and wait for a break and close below the bearish flag before executing the trade. The bear flag chart pattern strategy only looks for trading opportunities when you get a breakout below the flag price structure to be a seller. The next important thing we need to establish is where to place your protective stop loss. It is important when looking at this type of strategy to keep everything in the context of the overall market. Too many traders will try to zoom on. Step #4: Place the protective stop-loss slightly above the Flag. The Rectangle chart pattern strategy gives you a simple way to quantify risk because you can place your protective stop-loss slightly above the flag price structure. We’re accomplishing two things with our tight stop loss: Small losses. Higher risk to reward ratio. With such a tight stop loss you’ll have the comfort of losing many trades in a row because with the amazing RR the bearish flag can potentially wipe out all your losses in a single trade and still come profitable. The next logical thing we need to establish for the bear flag pattern strategy is where to take profits. Step #5: Take Profit target equals the same price distance of the Flag pole measured down from the top of the bearish flag. The textbook profit target is the height of the flag pole measured down from the top of the flag. Our team at TSG has learned that the market likes this kind of price symmetries and we like to take advantage of it. Note*** The above was an example of a SELL trade… Use the same rules – but in reverse – for a BUY trade, but this time we’re going to use the bullish flag, or bull flag.
COINBASE:ETHUSDShort
by Tradingstrategyguides
1
BTCUSD 1D ADVANCED TRIANGLE BREAKOUT INDICATORAdvanced Triangle Breakout Indicator shows Short Trade Red Column Signal. Advanced Triangle Breakout Indicator shows Open Short Trade Entry Signal. Advanced Triangle Breakout Indicator shows Stop Loss Signal. Advanced Triangle Breakout Indicator shows Adjusted Stop Loss Signal. Advanced Triangle Breakout Indicator shows 1 x 2 risk/reward Take Profit Short Trade Exit Signal. PM me if you have any questions I can help you with about this indicator.
COINBASE:BTCUSDEducation
by Tradingstrategyguides
1
LTCUSD 1D BEST MOMENTUM WILLIAMS %R SHORT TRADE STRATEGYThe Best Momentum Trading Strategy using the Best Forex Momentum Indicator Our team at Trading Strategy Guides believes that smart trading is the way to build the best momentum trading strategy. In this regard, we don’t want to predict when the momentum will happen, but we let the market tips his hands and then react. One principle of the momentum indicator strategy is, “buy high to go higher” and “sell low to go lower.” In other words, we trade in the direction of the trend while having the momentum on our side. Step #1: Define the Trend. A Downtrend is defined by a Series of LH Followed by a Series of LL. The definition of a downtrend is pretty much standard. In a downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define a downtrend. A lower high is simply a swing low point that is lower than the previous swing low. While a lower low is simply a swing low that is lower than the previous swing low. All momentum traders know that the trend is our friend. But without momentum behind the trend, we might actually not have any trend. For active traders, we also look at the actual price action in order to gauge momentum. Besides reading the best forex momentum indicator. Step #2: In a Downtrend - Look for Bold Candlesticks that Close Near the Lower End of the Candlestick. A technical analysis concept is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best Forex momentum indicator also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in a downtrend are big, bold bearish candlesticks that close near the lower end of the candlestick. The upside price movement is preceded by big bearish candlesticks. This confirms the momentum behind the trend. Step #3: Wait for the best Forex Momentum Indicator to get overbought (below -20). Then rallies below the -50 level before Selling. We’re going to use Williams %R, the best forex momentum indicator in a smart way. In a downtrend, we sell after the best forex momentum indicator has reached overbought conditions (below -20). And then rallied back below the -50 level. Now, we have confirmation from both the price and the best forex momentum indicator. The real momentum is behind this trend and the probabilities are in favor of more downside prices from here on. Note* If the best forex momentum indicator continually stays in overbought territory (above -20 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a downtrend. Step #4: Place Your Protective Stop Loss above the Recent Lower High. We want to hide our protective stop loss. It is above the most recent lower high level that formed right before the best momentum trading strategy issue the sell signal. Alternatively, you can also trail your stop loss above each most recent lower high. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Last but not least the momentum indicator strategy also needs a place where we need to take profits, which brings us to the last step of the best momentum trading strategy. Step #5: You find your own Take Profit or Take Profit once we break below the Previous Lower High. A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tip its hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break above the most recent lower high. Alternatively, you can take profit once the best forex momentum indicator breaks above the -50 level. Note** The above was an example of a SELL trade using the Best Momentum Trading Strategy. Use the same rules for a BUY trade.
COINBASE:LTCUSDShort
by Tradingstrategyguides
1
EURCHF 1D MA-X CROSSOVER STRATEGYTim's MA-X Strategy. This is a Moving Average Crossover or MA-X Trading Strategy setup. MA-X strategy consists of the 100 period simple moving average (SMA) in red, and the 20 period exponential moving average in blue. If the 20 ema is above the 100 sma then we only take buys or longs. If the 20 ema is below the 100 sma the we only take selss or shorts. *In this case price is above the 100 sma so we will only take buys or longs. *This Pair has been in a nice uptrend foe some time. *It's now pulled back below the 20 ema and consolidating below the 20. *We are going to look for a close above the 20 ema to go long. *This trade plan we buy a daily candle close above the 20 ema. On the breaking candle to enter a full-sized position we want to the volume bar reach up to the volume average. If it doesn't reach the average but does reach 75% of the average open a ½ size position to reduce risk. You can calculate the percentage by dividing the first volume average by the second volume average. You should at least get 75%, if you don't then stand aside on the trade. The stop loss will be 1.5 x ATR. The first target will be 1 x ATR. So the way that works is you get your candle close above the 20 ema that's your entry point. At that time you look at the ATR of that candle. You multiply that by 1.5 to get your SL. You measure that distance behind the entry and that will be your SL. Then you measure 1 ATR above the entry and that will be your first target. If after entering the trade the candle closes back below the 20 ema, tke the loss right then. Do not wait for price to hit the SL. Our intention is that a breakout above the 20 ema should be explosive and hit our target fairly quickly. If the momentum goes away we want to shut the trade down without taking a full stop if possible. When price hits our first target, close half the position for profit and set the SL to break even on the remainder. Follow stops as price moves in our direction until the market takes us out. These two rules are the very definition of cuttoing your losses and letting your winners run. Typically does this by using two positions. The first position has a stop loss and a take profit. That position will close automatically when the first target is hit. The second position will only have a stop loss and not take profit. This is the position that will be allowed to run. When the first target is hit we have to manually move our stop up to break even on the second position. Risk only two percent of your trading account of each trade. Each position will then only be 1%.
Short
by Tradingstrategyguides
2
ETHUSD 1D BEST SHORT TERM TRADING STRATEGYStep #1: Wait For the Market to Make a New 20-Day High The way you should count the highs is simple. Each time the market is making a daily high, you can start counting. The rule of thumb is you only count daily highs that are higher than the previous counted daily high. Step #2: Wait For The Market to Break Below the 20-day EMA For the success of our short term trading strategy, this step is very important. We don’t want to pick tops and bottoms. We feel more comfortable entering the market once the price confirms it’s ready to reverse. Step #3: Enter A Short Position When We Break Below 20-Day EMA As soon as you break below the 20-day exp. moving average, sell at the market. The combination of the 20-day high pattern and the 20-day exp. moving average is the secret to our powerful short term trading strategy. Incorporating the 20-day EMA in your day trading system is one of the best short-term trading tips you can receive. Step #4: Place the Protective Stop Loss Above the Swing High Prior to the 20-day EMA Breakout The best short-term trading strategy employs a very rigid stop loss method. The obvious place to “hide” your protective stop loss should be right above the most recent swing high prior to the 20-day EMA breakout. If the market breaks below the 20-day EMA, and it reverses and breaks above that swing high, this means trouble. It is reason enough to close the trade at a small loss. Why? Because it signals the prevailing trend is still maturing and will resume. This is why you don’t want to be in the trade anymore. If you listen to the price action, this is the best short term trading tips the market can give you. Step #5: Take Profit at The 50% Fibonacci Retracement of the Prevailing Up Trend The logical place to take profits is at the 50% Fibonacci retracement. Normally, that’s the first real target from where the market can reverse. We don’t want to take our chances and risk losing more of our profits. So, we’ll liquidate the entire position here for a nice profit. Note** The above was an example of a sell trade… Use the same rules – but in reverse – for a buy trade.
COINBASE:ETHUSDShort
by Tradingstrategyguides
BEYOND MEAT 1D RANGE TRADESRanges are repeatable trading chart patterns. ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:BYND
by Tradingstrategyguides