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XRPUSD 1H BEST %R MOMENTUM STRATEGYStep #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by a Series of LL. The definition of an downtrend is pretty much standard. In an 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 an downtrend. A lower high is simply a swing low point that is lower than the previous swing high. 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 momentum indicator. Step #2: In an 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 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 an downtrend is big, bold bearish candlesticks that close near the lower end of the candlestick. Now, it’s time to focus on the Williams %R. This is the best momentum indicator. Which brings us to the next step of our momentum indicator strategy. Step #3: Wait for the best Momentum Indicator to get overbought (above -20). Then rallies below the -50 level before Selling . We’re going to use Williams %R, the best momentum indicator in a smart way. In an downtrend, we sell after the best momentum indicator has reached overbought conditions (above -20). And then rallied back below the -50 level. Now, we have confirmation from both the price and the best 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 momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend. The next important thing we need to establish is where to place our protective stop loss. Step #4: Place Your Protective Stop Loss above the Recent Lower Low. We want to hide our protective stop loss. It is above the most recent lower low 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 low. 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 pick your own TP strategy or Take Profit once we break above the Previous Lower Low 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 tips it 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 low. Alternatively, you can take profit once the best 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:XRPUSDEducation
by Tradingstrategyguides
Growth of price is possibleIn the previous idea for ETHUSD (it is only available in Russian) I wrote that a retest of trend support is possible. This is what happened, the bulls managed to protect the price. Now the price of ether is moving within the wedge. If the bulls manage to break through the upper border of the figure, that is, to break through the resistance, then I expect growth of coin's price. However, while this has not happened, growth is questionable.
BITMEX:ETHUSD.PLong
by Signals_from_Gordon_Gekko
ETHUSD PRICE ACTION PIN BAR TRADING STRATEGYPin Bars This price action strategy will focus entirely on a price pattern called pin bars. This candle is simply the price hitting a certain level and being “rejected” from it. This bar has a long tail on it with a small body. There are different types of characteristics for a particular pin bar. For instance, the long end of the candle is the wick, while the small end (the opposite side of the body) is called the nose. Most agree the long tail, or “wick,” will be at least two-thirds the total length of the pin bar itself. The other part of the pin bar will naturally be, at the most, one-third of the candle. The open price of the candle and the close should be relatively the same price. This forms the ‘Body.’ To confirm a pin bar, you must wait for the candle to close. Just because the current candle “looks” like a pin bar, does not necessarily mean it is. in the example above, the price movement could have continued upward and closed at the top of the candle. In turn, it would not be considered a pin bar. Basic Guidelines: Timeframe - ANY Market - ANY Indicators - NONE OTHER - Trend lines, horizontal lines, support resistance lines (anything to help you find these areas). Step 1: Find a Pin Bar On Your Chart. *Note This is a stock price action strategy, and a forex price action strategy. I will use a currency pair as an example. Price action charts are with any market and timeframe. First, identify a pin bar that has formed. Step 2: Look for Past Price Action to Determine Why The Pin Bar Formed. Why did the reversal suddenly hit a price, and then continue back to the upside? Let’s zoom out a bit on a daily chart. We'll figure out if we can see anything that explains what happened. Note** you can either look at the current time frame you are on, in this case, a 1-hour time period. Or you can bump up one or two periods to gather information. Resistance in the past can mean support in the future. What happened is the price hit this level but failed to break through it. Since the long bullish wick formed, we decide it is time to enter this trade based on what we learned from the prior days. This is what Price Action is all about. No two trades are the same. However, we can take what we've learned from the past. Then make the best judgment as to where the price is going in the future. You are essentially like a detective when you trade price action. The point is to gather many pieces of evidence to back up your conclusion. You are trading with confluence. Sometimes simple is best. Study the charts and form an educated conclusion as to where the price will go. Step 3: Trade entry You just enter the trade 2-3 pips from the break of the nose of the pin bar. Step 4: Stop loss Place the stop loss 3-5 pips away from the wick. The end of the wick will be a support area. So if this is broken the trend may continue downward. Which is why you place your stop 3-5 pips away from this. Step 5: Exit Strategy Your exit strategy is when you hit the first level of support or resistance on your chart. As you can see, the price hit a point then stalled out. Once we see the price action stalling out, we exit the trade immediately. Conclusion - Price Action Pin Bar Strategy Price action is another fundamental element to learn when trading the market. There are thousands of strategies you can use with price action. It is important to find something that works for you. These pin bars are hard to miss. They are relatively accurate when you learn why a pin bar formed. Pin bar candles are shown in any time frame. The rule of thumb is, the higher the time frame, the stronger the signals. But that does not mean that this will not work on a five-minute time frame. Do not trade every pin bar you see that forms. Gather up key information from the charts. Then form the best conclusion to determine if you should enter the trade based on the rules.
COINBASE:ETHUSDEducation
by Tradingstrategyguides
XAUUSD 1H, BUENA ENTRADA CON POCO RIESGOComo podemos ver en el gráfico, la tendencia diaria es bajista (Linea azul) pero en periodo de 4H la tendencia empieza a cambiar y podemos ver una posible entrada en largo con buena relación riesgo/beneficio. Dos posibles panoramas a tener en cuenta. Se podria ingresar con 2 compras e ir cerrando a medida que llega a la meta. Recuerden que esto se basa solamente en probabilidades y no todos tenemos las mismas formas de analizar. Asi que, puede salir bien, o puede malir sal. LO IMPORTANTE NO ES CUÁNTAS VECES GANES, O CUÁNTAS VECES PIERDAS. LO QUE SI IMPORTA ES: CUÁNTO GANAS CUANDO GANAS Y CUANTO PIERDES CUANDO PIERDES. SALUDOS!
OANDA:XAUUSDLong
by lucasanselmo
1
EURUSD 1H INSIDE CANDLE METHOD BREAKOUTINSIDE CANDLE STRATEGY What is an Inside Candle 1. Previous candle engulfs next candle. 2. 2nd candle high is lower that 1st candle. 3. 2nd candle low is higher than 1st candle. INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside Candle – Opposite Color 3. Enter Break of Engulfing Larger Candle Inside Candle method is a great short term consolidation indicator. If your trade plan contains breakouts and consolidation then this method is for you. This is a great way to find smaller consolidations quicker which will give you more trades on whatever time frame you want to look. On a daily chart it may take weeks for a consolidation pattern to form. Inside candle represents a pause, consolidation or compression in the market after a big move. Often you will also see reduced volume on the inside candle. Inside Candle method is a pause or a reversal of the trend . So it is more effective if there is an incoming trend. Enter a break of the larger engulfing candle in the direction of the break. Enter with a Stop Order a few pips above or below breakout level. Which trades you take is a matter of preference. Some like reversal trades or trend following trades. Scalping in doesn't matter what direction you may go. Trend following you will want to see this in context of a larger trend. Take all the trade setups and just shut down the ones that don't preform. Trade Management: Enter 2 trades Stop Loss is 1.5 x ATR for both trades First Take Profit is 1 x ATR for 1st trade 2nd trade there is no take profit. When 1st TP is hit move 2nd trades SL to breakeven. Let profit run on 2nd trade by following/trailing SL. If a candle closes back inside the larger engulfing candle close down trade. Watch for a setup for the next breakout.
Education
by Tradingstrategyguides
ETHUSD 1H BEAR FLAG SHORT TRADEBear Flags are a form of Range Chart Pattern & Ranges are a repeatable trading chart pattern. 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 volume settings on the chart – 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.
COINBASE:ETHUSDShort
by Tradingstrategyguides
USDCAD 1D ORB-NR4 STRATEGYORB = Opening Range Breakout pattern Nr4 = 4TH Candle's daily range is smaller than the previous 3 days. *Note: The 4th day doesn’t necessarily need to be an inside day, it only needs to have its daily range smaller than the previous 3 days. What if we told you that 40% of the time the first trading hour can tell you what is the high and the low of the day? If you know that you can define a trading system around it, you can manage your risk and set your targets. Step #1: Wait until you can spot a bar that has its daily range smaller than the previous three days The first rule requires you to have the patience until the Nr4 pattern develops on the chart. When we have a daily trading range that is narrower than the previous trading ranges, it means that the price is contracting. Based on our backtesting results, we have found out that there is a high probability of a trend move after you spot this type of contraction. This is kind of a general rule because the markets move from periods of contractions to periods of expansion. This is the reason why this short-term price pattern is so powerful. Step #2: Mark the High and the Low of the 4th day and switch to the 1 hour time frame Our trade is taken the next day after the Nr4 pattern showed up. In order to have a clear view of the short-term price action, we need to switch our focus to the 1-hour time frame. Before you switch the time frames make sure you mark on your chart the high and the low of the 4th day. Step #3: Buy/Sell only if the breakout of the Nr4 high happens during the first 5 trading hours. We use the Opening Range Breakout technique to time the market and have an effective trade entry. The ORB is even more profitable if it occurs after inside days that have a smaller trading range than the previous 3 days. Trades based on the ORB – Nr4 pattern will show you a profit instantly. Now, if the trade is not showing you a profit right away, then your trade becomes more vulnerable. As a general rule, if after the first trading hour your trade is not in the green, you can safely close the trade at the market. Of course, you can only do that if your stop loss hasn’t been triggered in the meantime. Step #4: Place your protective Stop Loss below the Nr4 day low or ATR x 1.5 You can hide your protective stop loss below the Nr4 day low. Alternatively, you can place your stop loss below the current day low as this will give you a better risk to reward ratio. The ORB - Nr4 pattern tends to precede strong trend day activity, so your stop loss should be rarely hit. Both of these patterns can be traded individually, but when combined, they tend to produce even more powerful trades. Step #5: Take profit at the close of the first 1-hour bearish candle Our take profit strategy is fairly easy and slightly modified from the original strategy highlighted in the “Day Trading with Short Term Price Patterns and Opening Range Breakout” book written by Toby Crabel. Although the ORB pattern tends to lead to trend trading days, we’re more conservative and want to quickly take profits. So as soon as the first bearish candle shows up, we close the trade and enjoy our daytrade profits. Alternatively, you can keep the trade open until the end of the day if you want to extrapolate more profits from the cryptocurrency market. OR use the ATR x 1 = TP
by Tradingstrategyguides
EURUSD 1H Volume Zone Oscillator Strategy Long TradeInstall Volume Zone Oscillator & 50sma to your chart. Find in Indicator Search (type VZO) - Public Library - GMAN indicator Change levels from 30 to 40 Change 0 level & VZO line to blue colored line If price is above 50sma bullish bias for long trades, below then short trades. How to Use Volume Zone Oscillator? We’re going to reveal how to interpret the volume zone readings. A move above the centerline will give us a bullish reading. And, a move below the centerline will give us a bearish reading. The most important volume zones are "+60", "+40", “0", “-40", and "-60". Additionally, traders also use the “+5”, and “-5” volume zone readings. Here is how to use VZO in your trading decisions. Here are the four main volume zones to keep an eye on: When VZO rises above and maintains the 5% level, it marks the early phase of an uptrend. Conversely, when VZO falls below the -5% level, it marks the early phase of a downtrend. Oscillations between 5% and 40% volume zones mark a bullish trend zone. Conversely, a reading between -5% and -40% volume zones mark a bearish trend zone. An overbought signal is generated when we have a reading above the 40% volume zone. Conversely, an oversold signal is generated when we have a reading below the -40% volume zone. Reading above the 60% volume zone is an extremely overbought reading that can signal a bearish reversal. While a reading below the -60% volume zone is an extremely oversold reading that can signal a bullish reversal. Let’s see what trading tactics we can use with the volume-based indicators. During bullish trends, volume rises with rising prices. The same is true in reverse for bearish trends. This is basic 101 uptrend volume psychology. For this purpose, let’s examine again the EUR/USD chart. We’re in a clear, strong bullish trend. The VZO is above the centerline signaling buying pressure. The volume zone reading between 5% and 40% also indicate a sustained uptrend zone. A buy signal is generated when we cross above the centerline. The EUR/USD chart above demonstrates how during bullish trends, the VZO has the tendency to stay in the higher volume zone fluctuating between 0 and 40. This is a good method to identify the direction of the trend and trade with the trend. Go to our TSG website - then blog - find volume oscillator article for complete strategy instructions.
Long
by Tradingstrategyguides
RAMAN 2 MONTHS 2 SUCCESS DAILY TRADING STRATEGY SHORT TRADEDay Chart New Daily High was not made. Previous Day closed Bearish. New Current Trading Day has a Bearish bias. 30m Chart Bullish Pullback has an ascending trendline drawn underneath it. 1st Entry is a 30m candle close below trendline Fractal Low is at 1.2900 2nd Entry is a 30m candle close below support level 1st Take Profit is at support level of 1.2870 2nd Take Profit is at support level of 1.2825 SL @ 1.2955
Short
by Tradingstrategyguides