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Chaikin Volume Indicator Strategy EURUSD 1HThe reason why Chaikin Money Flow is the best volume indicator and it’s better than the classical volume indicator is because it measures institutional accumulation-distribution. Typically on a rally the Chaikin volume indicator should be above the zero line. Conversely, on sell-offs the Chaikin volume indicator should be below the zero line. Step #1: Chaikin Volume Indicator must shoot up in a straight line from above zero (minimum +0.15) to below the zero line (minimum -0.15) When the Volume goes from positive to negative in a strong fashion way it has the potential to signal strong institutional selling power. That’s our base heavy lifting signal! Basically, we let the market to reveal its intentions. When the big money steps into the market, they leave a mark as their orders are so big that it’s impossible to hide. When the volume indicator forex goes straight from above zero to below the zero line and beyond it shows accumulation by smart money. We’re firm believer that you get your maximum bang for the buck when you trade side by side with the smart money. The institutions have more money than you have, more resources than you have and probably they are smarter than you. It’s pretty obvious that the odds are stacked against you, so if you want to change that just follow the smart money. Step #2: Wait for the Volume Indicator Forex to slowly pullback above the zero line. The price needs to remain below the previous swing high. Once we spotted the big elephant in the room aka the institutional players we start to look for the first sign of market weakness. Here is how to identify the right swing to boost your profit. We’re going to let the Chaikin Money Flow indicator slowly move above the zero line. The key word here is “slowly”. We don’t want to see the volume dropping fast because this will invalidate the accumulation noted previously. Secondly, as the volume decreases and moves above the zero line, we want to make sure the price remains below the previous swing high. This will confirm the smart money accumulation. Step #3: Sell once the Chaikin Forex indicator breaks back below the zero line. Wait for the candle close before pulling the trigger. Now that we have observed real institutional money coming into the market, we wait for them to step back in and drive the market back down. When the Chaikin indicator breaks back below the zero line, it signals an imminent rally as the smart money are trying to selloff the price again. Obviously that we would need to wait for the candle close to confirm the Chaikin break below the zero line. Once everything aligns together we’re free to open our short position. Note* The trigger candle needs to have the closing price in the upper 25%. Step #4: Hide your protective Stop Loss above the previous pullback’s high. Using a stop loss is crucial if you want to have an idea of how much you’re about to lose on your trade. Never underestimate the power of placing a stop loss as it can be lifesaving. Simply hide your protective stop loss above the previous pullback’s high. Never use a mental stop loss and always commit a SL right at the moment you open your trades. Trading with a tight stop loss can give you the opportunity to not just have a better risk to reward ratio but also to trade bigger lot size. Step #5: You choose your Take profit or Take profit when the Chaikin Volume moves above +0.15 Once the Chaikin volume moves back above +0.15 it indicates that the buyers are stepping in and we want to take profits. We don’t want to risk giving back some of the profits gained so we liquidate our position at the first sign of the smart money stepping in on the other side of the market. We always can get back into the market later if the smart money show up again. Note** the above was an example of a SELL trade using the best volume indicator. Use the same rules for a BUY trade – but in reverse.
Short
by Tradingstrategyguides
5
US DOLLAR INDEX BEARISH DROPThe US Dollar Index 0.16% is showing significant price rejection on the weekly chart at a prior established resistance level . This suggests the US Dollar 0.16% could be in for weakness - baring any unusual news. Suggested trade - Find a USD pair showing this pattern on the weekly chart (there may be several.) Drill down to the daily or even the 4 hour to find a good short trade signal (use the strategy of your choice.) USDJPY Weekly has a similar as US Dollar weekly USDJPY 1H bullish trend line breakout short Watch Dollar index on 1H and 4H to follow direction on USDJPY
Short
by Tradingstrategyguides
BTCUSD: 1h made it! time to get ready.Hi everyone, New idea for BTCUSD with a trade setup for soon, hopefully. Remember to like the post if you feel it deserves it. It helps me a lot and is very much appreciated. Thanks BTCUSD 1h ASIA UPDATE - 05/07/2018 With this new high at 6,792.28 and rsi divergence, we have enough swings to the upside to call first leg of new cycle from 24/06/20178 completed, but marginal new highs cannot be ruled out (preferred view). For now, I don't like to buy because closest invalidation level is 5,780.00 and I would prefer to buy once this first sequence is indeed completed (watch rsi trendline for a break down). I don't like to sell either and will position at purple 2 (remember, from here or higher, buy any pullback in a clear corrective 3 waves (3, 7 or 11 swings) as long as above 5,780.00. Disclaimer: This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants
ZRXUSD: catch me if you can!Hi guys, Please do not forget to like the Idea if you feel it deserves it. It is very much appreciated as it helps the channel. Thanks ZRXUSD 1H ASIA UPDATE - 05/07/2018 Following previous post in the 4h, here is the plan. Chart self explanatory. Green box is a sure buy (in the sense that I will buy there for sure), yellow one is shaky as we would have a corrective 3 waves only from the low... Any questions, pm or in the comments. Always welcome. Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
POLONIEX:ZRXUSDLong
by The_202_Quants
I'm back! BTCUSD: is it over? Hi everyone, And I'm back (and happy) to posting here in TradingView. It's been a long time, lot's of change and new stuff... Anyhow, back to the chart. Break of 5,920.72 was bad! Very bad! It was predictable as an option only but it is what it is, I guess. I'm out of all my positions in BTCUSD (stopped out at break even). The good point (for bulls) is that this has not been the big sell off and I explained that in one of my free video (I will do one here when I have fixed my mic). So, now what? In daily, nothing, we wait because next equal leg area is 4,596.14-3,332.87 and we might not see it! Indeed, on 28/06, I called the end of the 4h cycle from 9,948.98 high at 5,870.00 (explained the marginal new low that is ignored) and therefore the end of the cycle from 11,780.00 high and 19,666.00 despite we did not reach the equal leg area in daily and 4h. I did not recommend to buy BTCUSD and I don't recommend to buy here (I bought ETHUSD and ZRXUSD within equal leg area lower), so now, we have to wait and see how the structure develops. Here is the path I propose as long as we stay above 404.98. From current levels, if we break below 6,259.34, I don't like to buy lower as we are left with 3 waves to the upside from 5,780.00. If we have a marginal new high with rsi divergence intact, I will buy any clear 3 waves pullback (purple 2), stop either 161.8% extension or 5,780.00 (depends on the level), repeat and rinse (3, 7 swings is same). Also, volume seems to be back, especially in altcoins, so we have interesting time ahead. But remember, follow your system, your risk management and don't open the stops... Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants
BTCUSD 1H relief before another round? or we had enough?BTCUSD 1H ASIA UPDATE - 21/06/2018 Bitcoin ended the sequence from 7,790.69 high at 6,120.00 with break of RSI trendline on 18/06/2018/ And therefore, cycle from 25/04/2018 is called ended, providing an opportunity for the historic crypto to resume. Shorter term, equal leg of cycle from 6,120.00 projects 6,904.81-7,038.96 in a possible regular FLAT (3-3-5) if we have RSI divergence with a marginal new high from current levels. I don't like to buy at current levels as risk to reward ratio is not interesting and would rather position longs at red 2 (small position size to take into consideration the higher time frame) and I don't like to sell/ Invalidation level to the upside is 6,120.00 but I will monitor 6558.95 for a truncated cycle at 6,841.81 current high. I have a lot of comments on the charts when the view is denied. I provide my charts for free here but you have to understand that one must learn how to read them to be able to trade them and be profitable. I do not buy or sell every turn. A chart is a path but it is dynamic and one needs to understand the mechanics behind to respond to the market when a change happens. See the charts here as a guide for your own system if needed. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. Will resume posting daily update next week Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants
2nd analysis on USDJPY 1 hour chart (SELL?)Hey everyone, This is my 2nd analysis on the USDJPY on the time frame of 1 hour. As you can see, I have circled the candle stick patterns everywhere where the market wants to make a turn or has made with the well-known bearish and bullish patterns. June 13 began the analysis with a 3 bullish pattern which is a bearish candle pattern where the market threatens to go down. 3 hours later it is confirmed with a bearish night star pattern. broken the support and created a new floor where the price was difficult and the floor tested several times. An hour later where a high impact news probably took place and the resistance broke and came back indicating that the shadow is 2-3 times larger than the body which is a sales feature. With the famous tweezer tops knowing a good sell-order to be able to place. The support to have broken and on the way to the next support zone where bled and respected. After 7 hours of support to have broken without a known pattern and almost 30 pips falls to a strong price level where it is respected. Where expected, price is going to rise. inverted hammer, fortress, doji and the bullish engulfing are discussed. which clearly means that the price will rise and that happens with almost 100 pips to the tweezer tops. on the way indicated the 1st and 2nd pullback to create an entry point for a buy order I usually step in at the 1st and 2nd the 3rd never. With the tweezer tops, the price level was respected and the bullish pattern indicated for a sell-order and almost 40 pips dropped. Completed at the level of support that is respected, a familiar pattern of 3 candles is formed. The bearish III is expected to be a heavy fall, but it will not go through support, which is also a good sign for the future. 4 hours in consoladation what good scalp opportunities were, a doji is created which after 2 hours follows a 2nd doji which usually means that the market makes a turning point. but that ends against resistance What I think the market will do is respect the resistance by the fact that last 2 doji took place and the price level in the past has been respected several times, but where broken, it has returned to the old price level. Let me know what you think or what I missed and hope that our prediction comes true. Thanks for reading and watching my 2nd analysis, hope we are at the same level. see you guys.
by JSth3Kid
POSSIBLE FUTURE FOR AUGJPY FIRST OF WEEKHere are some signs of possible bullish bias for next week for the AUDJPY Day Chart double bollinger bands - price closed above BB midline bullish bias 4H Chart - Macd crossed above zero line and Price closed above 100 sma bullish bias 1H showing possible bearish retracement back to the 50 sma area, macd over bought 15m showing possible bearish retracement back to 50/100 sma, macd over bought Take Profits will be in updates below
Long
by Tradingstrategyguides
DASH SPIKE & LEDGE REVERSAL CRYPTO STRATEGYStep #1: Dash cryptocurrency price needs to show a steady rise that suddenly accelerates to the upside. When this reversal pattern is complete, it will resemble a cup with a sharp bottom. This sharp acceleration usually is the last stage of a bull cryptocurrency market, and it’s followed by a sharp reversal if all the trading criteria for a valid Spike and Ledge are met. In technical analysis, professional traders also refer to this last spike as being an exhaustion reversal bar that has a high probability of signaling a reversal in the Dash price. Now, before we can trade successfully, we need to understand that this key climax reversal bar needs to follow specific trading rules. More specifically, this exhaustion reversal bar needs to follow three rules, which we’re going to highlight next. Step #2: The exhaustion reversal bar needs to be bigger than the previous bar Relatively speaking the exhaustion bar, which should be the last bar within the downtrend, needs to be bigger than the previous bars. However, this is not mandatory. Ideally, the bigger the climax bar is in comparison with the other bars within the bullish trend, the more profitable the reversal pattern becomes. Step #3: The climax bar needs to develop at a key sup/res level or after breaking a key swing low/high We can’t stress enough the importance of location in trading. Many times you’ll notice that a chart pattern will fail, but that’s not because that price pattern has stopped working. It’s often the case that you don’t have the patience for these patterns to develop at the right location. In order for the Dash cryptocurrency trading strategy to work we need to wait for the exhaustion bar to show up at the right location. Step #4: The exhaustion bar develops after several bullish impulsive bars We need to make sure that the exhaustion bar occurs after several bullish impulsive bars. These impulsive bullish bars will make the appearance of a bullish trend that will trap many sellers once the tide turns. And that’s how retail traders trade the markets, but to trade profitably, you need to trade against the retail mindset. Step #5: After the upward spike, wait for the market to enter into a short period of consolidation or channeling. Usually, after the Dash cryptocurrency price had that last spike up the market will take a pause to digest the recent move, and it will start moving into a short period of consolidation or channeling. Simply, draw two parallel lines to contain this price range. Now, this is what we refer to as being the “Ledge.” The Spike and Ledge reversal pattern satisfies all trading conditions outlined above which mean that we can move forward and describe how to sell Dash coin. Step #6: Sell Dash coin when we break below the Ledge A short trade is entered on the breakout of the Ledge. This is an easy entry method, but in order to avoid the short-term noise and the usual false breakouts, we need also to wait for the breakout candle to close below the Ledge. Step #7: Place your protective Stop Loss above the Exhaustion bar The initial protective stop loss is placed on the other side of the reversal pattern. You hide your stop loss above the exhaustion bar. Step #8: Your Take Profit needs to be two or three times bigger than your risk aka your stop loss. As a general rule, you do want your take profit to be bigger than your stop loss. This is very important to your long-term survival in this business. However, you can achieve your profit target goals by using your preferred strategy when it comes to exit the market. We encourage you to experiment different exit strategies and see which one yields better results. Note** the above was an example of a SELL trade using our favorite Dash strategy. Use the same rules for a BUY trade – but in reverse. PM me if you want to read the complete strategy
POLONIEX:DASHUSDShort
by Tradingstrategyguides
10
GBPAUD 1H BIG 3 BULLISH REVERSAL TRADEPair has been in a long term bearish trend Market is ready for a bullish pullback but timing will be the issue Pair in a triangle chart pattern Long Trade Since timing is the issue wait for your buy stops to hit 1st Buy Stop - 1.7765 2nd Buy Stop - 1.7805 3rd Buy Stop - 1.7875 Take Profit Option 1 - Close all trades @ 1.7922 Option 2 - Close 1/2 profit just before 2nd Buy Stop and then enter again with 2nd Buy Stop Close 1/2 profit of 2nd trade just before 3rd Buy Stop and then enter again with 3rd Buy Stop Short Trade Enter short trade with a 15m break-hook-go chart pattern 1st Take Profit @ 1.7639 2nd Take Profit @ 1.7600
by Tradingstrategyguides
CRYPTO of the week BTCUSD still in play - expect choppinessBTCUSD 1H ASIA UPDATE - 15/05/2018 Bitcoin held 8,208.81 and as long as this level stands we should see a challenge of 9,393.00 and 9,948.98. Until those levels break, I expect choppiness. Preferred view is cycle from 8,208.81 is ended at 8,900.90 but this cycle can extend in a leading diagonal as well. So I am in position from 8,418.64, stop 8,205.00 and won't touch anything for now. Invalidation level to the downside is 9,948.98 Invalidation level to the upside is 8,208.81 for now. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 13/05/2018-19/05/2018, I propose BTCUSD Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants
CRYPTO of the week BTCUSD on a hot seat ... OptionsBTCUSD 1H EUROPE UPDATE - 14/05/2018 bitcoin bounced as expected at equal leg area. the bounce was short lived and the sequence to the downside took the form of a FLAT with challenge of 8,286.57. As long as this level holds, view unchanged. If it breaks lower from there, count will be adjusted to a double correction. As I'm already in a trade, I won't buy or sell here or higher but if the double correction happens (and I get stopped out) I will buy lower when structure will be known/ And where it can go wrong in 15min chart Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 13/05/2018-19/05/2018, I propose BTCUSD Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants