Get started

1h

EURCHF: You See This ? Hey traders, hope everyone enjoyed their weekend. Coming up with a quick educational post about our market theory on a lower 1h timeframe. We are in a short on EURCHF since a few days. Looking at the lower time frame setups we can clearly see how a bullish run with two corrections (marked in yellow boxes) happened. On the other side this is a nice chart for price action education. Grey boxes mark prize zones where huge amount of positions are - on both sides. You see how these zones are touched from the top and the bottom ? Let that sink. Wishing everyone a great week!
by darian_fx
EURUSD continues downtrend-patternAfter EURUSD ha broken its' previous trend-ish movement (organge dashed line), it has again formed a downtrend. This gives us the opportunity to short it, once it again confirmes the trend at the small red dashed line. On the day chart we can see another downtrend, which will be confirmed again at the big red dashed line. We can expect strong movements at this level since EURUSD has tested this level twice already (15. August & 31 October).
Short
by Jenkins301
EURGBP Possible Movements on 1HLooking an EURGBP we can see the chart moving downwards with several tests of a trendline formed at the last three heights. If the trend keeps moving downwards, we can SHORT EURGBP around the 0.86912 mark (dotted red line). If EURGBP continues moving towards the trendline, we have to see if it is closing above. If it does, we can LONG EURGBP and wait for it to end the downtrend at 0.87382 (dotted green line). If it can cross this level, we can expect more upwards movement.
by Jenkins301
1
USDCAD TRIANGLE TRADES4H Triangle Pattern Price bounced off top of triangle heading down Price can bounce off bottom and retest previous high Or price can breakout triangle bottom Macd below 80 Stoch level and Red signal line 1H Chart Macd in strong upward pattern at 80 Stoch level Watch close of candle at end of hour 15m Chart Price bounced off triangle top Currently in a bullish pullback or continuation Price could fall to 20 sma and bounce long or breakout short If bearish watch for a Red SAR circle Find a SL
by Tradingstrategyguides
AUDUSD 1H PTICE ACTION PIN BAR STRATEGYStep 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 the example. Price action charts are with any market and timeframe. What you need to do first is 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 this one hour chart and see if we can see anything that tells you what happened. Note** you can either look at the current time frame you are on( in this case 1-hour time period) or bump up one or two periods to gather information. This is what Price Action is all about. No two trades will be the same. However, we can take what we have learned from the past and make the best judgment as to where the price may be headed 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 what happened and 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 will be when you hit the first level of support or resistance on your chart. Price will hit a point and stall out. Once we see the price action stalling out, we exit the trade immediately.
Short
by Tradingstrategyguides
2
ETHUSD 1H EXPONENTIAL MOVING AVERAGE TRADING STRATEGYStep #1: Plot on your chart the 20 and 50 EMA The first step is to properly set up our charts with the right exponential moving averages so we could be able to identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA. Most standard trading platform come with default moving average indicators so it should not be a problem to locate the EMA either on your MT4 platform or Tradingview. Step #2: Wait for the EMA crossover and for the price to trade above the 20 and 50 EMA The second rule of the exponential moving average strategy is the need for the price to trade above both 20 and 50 exponential moving averages and secondly, we need to wait for the EMA crossover which will add more weight to the bullish case. We refer to the EMA crossover for a buy trade when the 50-EMA crosses above the 50-EMA. forex ema crossover strategy By looking at the EMA crossover we create an automatic buy and sell signals. However, since the market is prone to do a lot of false breakouts we at Trading Strategy Guides need more evidence than just a simple EMA crossover. At this stage, we don’t know if the bullish sentiment is strong to push the price further after we buy so we can make a profit. To avoid the false breakout we added a new confluence to support our view which brings us to the next step of the exponential moving average strategy. Step #3: Wait for the zone between 20 and 50 EMA to be tested at least twice, then look for buying opportunities. The conviction behind the exponential moving average strategy relies on multiple factors to confirm a new trading idea. After the EMA crossover happened, we again need to exercise a little bit more patience and wait for two successive and successful retests of the zone between the 20 and 50 exponential moving averages. The two successful retest of the zone between 20 and 50 EMA gives the market enough time to actually develop a trend. Never forget that in trading no price is too high to buy, and no price is too low to sell. Note* When we refer to the “zone between 20 and 50EMA” we actually don’t mean that the price needs to trade in the space between the two moving averages. We just wanted to cover the whole price spectrum between the two EMAs because the price often times will only briefly touch the shorter moving average (20-EMA) which is still a successful retest. Step #4: Buy at the market when we retest the zone between 20 and 50 EMA for the third time. If the price successfully retests the zone between 20 and 50 EMA for the third time we go ahead and buy at the market price. We now have enough evidence that the bullish momentum is strong to continue pushing this market higher. Step #5: Place the protective Stop Loss 20 pips below the 50 EMA or below fractal low. After the EMA crossover happened and after we had two successive retests we now know the trend is up and as long as we trade above both exponential moving averages the trend remains intact. In this regard, we place our protective stop loss 20 pips below the 50 EMA or below the fractal low. We added a buffer of 20 pips because we understand we’re not living in a perfect world and the market is prone to do false breakouts. Step #6: Take Profit once we break and close below the 50-EMA or you pick your own TP strategy. In this particular case, we don’t want to use the same exit technique as our entry technique which was based on the EMA crossover. If we would be waiting for the EMA crossover to happen on the other side then probably we would have given back some of the potential profits because we still need to consider the fact that the exponential moving averages are still a lagging indicator. The exponential moving average formula used to plot our EMAs allow us to still take profits right at the time the market is about to reverse. Note** The above was an example of a BUY trade… Use the same rules – but in reverse – for a SELL trade. However, because the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50 exponential moving averages after the EMA crossover happened.
BITFINEX:ETHUSDLong
by Tradingstrategyguides
EURAUD 1H BEST ICHIMOKU STRATEGYStep #1 Wait for the Price to Break and close above the Ichimoku Cloud Ichimoku cloud trading requires for the price to trade above the Cloud because that’s a bullish signal and potentially the beginning of a new up-trend. The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance are not a single line drawn in the sand, but several layers deep. So, when we break above or below the Ichimoku Cloud that signals a deep shift in the market sentiment. Step #2 Wait for the Crossover: The Conversion Line needs to break above the Base Line. The price breakout above the Cloud needs to be followed by the crossover of the Conversion Line above the Base Line. Once these two conditions are fulfilled only then we can look to enter a trade. As you can notice the Ichimoku Cloud indicator is a very complex technical indicator that can be used even as a moving average crossover strategy. Step #3 Buy after the crossover at the opening of the next candle Ideally, any long trades taken using the Ichimoku strategy are taken when the price is trading above the Cloud. Our team at TGS website has adopted a more conservative approach and added an extra factor of confluence before pulling the trigger on a trade. So, after the crossover we buy at the opening of the next candle. Step #4 You choose SL or place protective stop loss below the breakout candle The ideal location to hide our protective stop loss is below the low of the breakout candle. This trading technique accomplishes two major things. Here is an example of master candle setup. Firstly, it’s minimizing significantly the risk of losing big money and secondly, it helps us trade with the market order flow. Step #5 You choose your Take Profit or Take Profit when the Conversion Line crosses below the Base Line We only need one simple condition to be satisfied for our take profit strategy. When the conversion line crosses below the base line we want to take profits and exit our trade. Alternatively, you can wait until the price breaks below the Cloud but this means risking to lose some parts of your profits. In order to gain more sometimes you have to be willing to lose some. Note** the above was an example of a BUY trade using the advanced Ichimoku trading strategies. Use the same rules for a SELL trade – but in reverse.
Long
by Tradingstrategyguides
2
GBPUSD - 1H BAT 4H CYPHER - ADVANCED PATTERN POTENTIAL Hi Traders, we have 2 potential advanced patterns setting up on GBPUSD Keep these on the radar and look for entry opportunities. If your an aggressive trader then make sure to front run your orders as we know the markets can easily hit entry and roll over to targets if your not prepared. As always Entry, Stops and targets on screen. BAT D completion looking very close to the even handle 1.28000 These patterns will be invalid if we break below the BAT A Leg - or for the Cypher if we close beyond the 141.4% Fib Ext I will also update these patterns if we get closer to the D Completions, as price action moves around we may also form Gartley Enjoy and happy trading
Short
by Oztrade