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ADX

MU Somewhat BearishMU shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis. At the time of this writing, MU was trading at $51.83. Levels from above will provide resistance, including: 51.98 from volume profile over the past 14 periods 52.09 from volume profile over the past 14 periods 52.36 from gaps 52.80 from gaps 53.21 from gaps 54.17 from gaps 54.58 from gaps 54.83 from gaps 55.48 from gaps 55.64 from gaps We will find support from levels from below including: 51.80 from volume profile over the past 14 periods 51.51 from volume profile over the past 14 periods 51.33 from volume profile over the past 14 periods 51.17 from gaps 51.03 from gaps 50.82 from gaps 50.68 from volume profile over the past 14 periods 50.39 from volume profile over the past 14 periods 50.25 from volume profile over the past 14 periods 50.01 from gaps Lets look at some technical analysis for MU. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. MU is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 7 confirms that MU is ranging, that is, no significant trend is observed.
NASDAQ:MUShort
by quantguy
2
Stocks Looking BullishThe technical analysis for SPY is very strong. We see many indications of a strong bull trend. It would be wise to buy on a dip. Currently, SPY is trading at $291.54. We will find resistance from levels from above including the following: 291.65 from highs and lows over the past 14 periods Levels from belowwill provide support, including: 289.47 from Volume profile over the past 14 periods 288.38 from Volume profile over the past 30 periods 286.77 from Volume profile over the past 14 periods 285.92 from Volume profile over the past 30 periods 282.69 from Volume profile over the past 100 periods 281.54 from Volume profile over the past 100 periods 280.16 from Highs and lows over the past 14 periods 278.71 from Volume profile 277.14 from Volume profile over the past 100 periods 275.93 from Volume profile 274.82 from Volume profile 274.08 from Volume profile 259.05 from Highs and lows over the past 100 periods 254.67 from Highs and lows The technicals for SPY are as follows. Volatility is much lower than average, so a breakout can be expected. The RSI is 73, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, suggesting the bull phase may continue. SPY is well above the 50 period SMA, which is 281 at the moment, suggesting that we are overbought. Also, SPY is above the 100 period SMA by quite a bit, suggesting that we are overbought. Finally, the SMA(50) is above the SMA(100), a long term bullish confirmation. The ADX indicator shows a bull trend.
AMEX:SPYLong
by quantguy
AdEx VS Bitcoin - Time for a Trend Reversal?Since the beginning of January AdEx has been loosing in value against the Bitcoin. Price has decline from 25k satoshis down to the recent low at 2.5k satoshis, resulting in a x10 time price drop, which is a 90% loss. On the 15th of August, when ADX/BTC hast reached the bottom at 2.5k satoshis, AdEx has tested the lower trendline of two descending channels, which were rejected simultaneously. The interesting moment is that new Fibonacci Time Zone cycle has just started, exactly at the date when ADX reached the recent low. It is very likely, that if current low will hold, AdEx could be on its way to establish a long term uptrend, or a strong corrective move north at the very least. Price is expected to reach strong resistance that is seen at 13.7k satoshis area, confirmed by 76.4% and 50% Fibonacci retracement levels. The upside target also corresponds to the uptrend trendline and the next Fibonacci time zone cycle, which will start on the 12th of January 2019. Therefore, the upside potential is 450% with the time horizon of 5 months.  But at the same time price could reach the upside target earlier, that could be the confirmation of a strong bullish move up until the January 2019. Price could reach and surpass the previous all-time high, established back in August 2017, when price almost reached 60k satoshis.
Long
by CryptoPAMM
1
[Red Apple] "What is the next movement??? "_BTC/USD_18.08.13I expected rebound and then, be blocked 20EMA on 4H. At the moment, it moves sideways. Let's analysis BTC~ If you are busy, you can just read below briefly 'A. Briefing ' 'E. Summary and Strategy' before read, click '+Thumb up, +Follow' :-) A. Briefing . move sideways along with 20EMA on 4H B. Weekly Chart a. Candle If there's one more bearish candle, it can be formed 'Three Black Crows' pattern. b. EMA 20EMA will say to 50EMA soon "long time no see since Nov.2015" c. Pattern Adam & Eve pattern (Double bottom) -> right bottom can be dipped more -> the moment for Buy is the time when it penetrate neck-line, not now. d. Sum. There's no positive signal. C. Daily Chart a. Trend Descending b. Candle possibility for Three method c. EMA All EMAs are in reverse order d. Indicators a) Hidden Bearish Divergence on CCI b) MACD line and signal line are under '0' c) ADX -> -DI -> +DI, ADX line is heading up -> indicate 'Bearish market'. e. Sum. There's no Buy signal. Many indicators are showing additional drop and even it goes up, $6500 can be resistance line shortly. D. 4H Chart a. EMA All EMAs are in reverse order b. Elliott Wave if it falls down under $5755, Elliott waves fail. c. Fibonacci blocked by 0.786 d. Sum. just following 20EMA on 4H and there's no special pattern. the most importance mission for BTC is penetration of 20EMA on 4H. E. Strategy and Summary High Time Frame charts show negative signal. if there's 'Dead Cross' on weekly chart, BTC can be in long period of stagnation. hope this week is reversal point. In personal, it can be dropped one more time.(if it becomes real, check my previous idea) a. About previous briefing : keep commenting about 20EMA on 4H and it's moving along with it. b. About this briefing : b.1 For Aggressive Traders : Buy when it penetrate 20EMA -> take profits(1~2%) shortly($6500 can be worked as resistance line) b.2 For Conservative Traders : wait until breakout of 20EMA and check Buy signal. Trade Safely~~ If you think my idea is helpful for you, Click ' +Thumb up, +Follow' Also, if found something special, i will comment in real time.
BITFINEX:BTCUSDShort
by Red_Apple
Adex(ADX) Support Line BuyAdEx(ADX) is hitting its all-time low support, from 1 year ago, @ 4.2k Around 2 weeks ago, it had a breakout from the trendline, with the price peaking with an increase of 2x and a global volume of 100$ million, which shows that there are a lot of eyes watching this market, waiting for something to happen. Now that the price is right at the support(green), also near the new support trendline(orange), it is a good time to start slowly buying, and enter into your actual trade once the volume & price start increasing again(Don't buy too much unless if you see it quickly gaining momentum). Also, there is strong macd divergence, with the price falling but the macd increasing, as seen with the blue arrows. You should always cash out as the price increases, but my plan is to place a the main sell order near the resistance(red), and sell along as time passes. As I said before, wait for it to gain some momentum, as it could just slowly go below the support without much action, if there isn't an initial push upwards. Coin Details: Market cap: $21.288.606 24 Hour Volume: $1.928.644 USD Price: $0,289914 I haven't published a public idea on tradingview for a long time now, let's see how this goes
Long
by Batuhan_Usluel
3
Wheat, Soybeans, and CornWhy Wheat and why now. What about Soybeans and Corn. Looking across the Ags, it seems that Wheat is enjoying the most upside. Why is this. In keeping with my focus on the DMI and ADX, I think you’d have start by looking at the monthly chart of the 3. One of the key tenants of DMI/ADX is that best trades seem to originate when the ADX is below 20 for an extended period of time. And, for Wheat, that has been since June of 2013. Since then, it has moved between a couple of lines and for the most part, remaining below the 13 period EMA of the high. As an aside, in my previous articles, I used EMA’s on the close of price but have moved to a 13EMA on high, 26EMA on low and 20EMA on close with the intent to use them as a channel for pullbacks based of ADX action. June of last year, the downtrend line was sharply broken but before that, the DMI made a significant move when the +/-DI swapped. Although this had happened several time during the past 4 years, what eventually became important is that the low of this candle was never broken while the high was continually tested and broken with the last time starting the recent uptrend. Also, note that during this time that the +DMI continued to make higher highs will not making lower lows. With the ADX moving above 20 in May of this year, a strong signal was given that the market was ready to move up. Now, consider the same discussion for ]Soybeans : Notice the size of the candle that caused the last swap. I’ve included a possible consolidation pattern. And for Corn : With Corn the interesting thing on recent action is that the DI’s changed dominance but did so where the swap was to -DI but with a green candle. I don’t see this too often but seems to give mixed signals.
OANDA:WHEATUSD
by mxb1961
Trading the DMI with ADX, TSI and EMA (WHEATUSD) PullbacksSo far, I’ve focused on how to get into the market based on the DMI swap in dominance between the +DI and -DI. Once you’re in or if you missed the original entry, how can you get into a trend while minimizing your risk. As I’ve noted before, I’ve not been able to successfully trade on a regular basis but my hope is to use everything I’m documenting here to change that. In one of the links that I shared in my first article is a PDF that has some really good stuff on using the PDF to trade breakouts. In it, there is a section on how to trade pullbacks within a trend using a 20 period EMA. In my charts, I use a combination of the 13 and 26 period EMA to sort of do the same thing (I use a range between the two vs. just one EMA). Full credit for the strategy is given in the PDF and the basics of it are outlined as follows: 1. The ADX must me moving up and above 20 2. Look for a price retracement to the 20 period EMA. It goes on to note that “usually the price retracement will be accompanied by a turndown in the ADX” 3. When price touches the 20 period EMA (in my case, when it enters the range or touches the 26 period EMA), “put a BUY STOP above the high of the previous bar” 4. Once filled, enter a protective stop at the newly formed swing low 5. If stopped out, re-enter the trade by placing a new BUY STOP at the original entry price 6. After a successful trade, the ADX must once again turn up above 20 before another retrace The PDF walks through this strategy as outlined above along with providing some examples. However, the examples are based on the same time frame as the original entry. I’d like to explore and propose that in a strong trend at the daily level, the 4 hour chart will provide a short term strategy. By applying the same concept to the 4 hour chart as outlined above then you may be able to find points that either provide opportunities to enter into an existing trend, or add to positions you may already have within the trend. As the 4 hour chart begins to show weakness and a breakdown below the 26 EMA, it’s possible this is an indication that the daily chart will now cycle through the same steps as noted above which would provide an opportunity take profit on existing positions while waiting for the next setup to enter with the trend on the daily chart. I’ve hi-lited areas on the 4 hour chart for WHEATUSD that fit into this strategy with the current up trend on the daily chart that started recently. Note, that the last area in yellow appears to be breaking down below the 26 EMA signaling that the daily chart may begin to cycle through it's own pullback.
OANDA:WHEATUSD
by mxb1961
5
Trading the DMI with ADX, TSI and EMA (BTCUSD)Continuing with using the ADX/DMI on a daily chart to trigger a trade with the 4 hour chart to refine the entry, I’ve marked up the recent BTCUSD action similar to the wheat chart in previous article. As you can see from the daily chart, price dropped on the 4th causing the DI’s to swap dominance on the DMI. With the ADX still above 25, this could be viewed as a good signal that a real change is occurring. On the 4hr chart, I’ve boxed out the day for the candle that caused the change and placed some entry targets for a possible retrace to enter. Again, as I noted at the end of the last article, the Wilder strategy would call for the sell to be placed at or below the extreme of the day of the change. However, this does open up the trade to more risk. By tracking the day and subsequent action on the 4 hr chart, it’s possible to reduce the risk by placing a stop order in the 25-75% range with a stop just above the high of the day. In this case, it would have worked however, there are cases which I’ll review next where the trade would have been missed.
BITFINEX:BTCUSD
by mxb1961
Trading the DMI with ADX, TSI and EMA (WHEATUSD) cont.Setting up a trade based on daily signal using 4 hour chart for timing. In this scenario, the daily chart had its ADX below 20 since July 3rd. When trading with DMI/ADX, periods of breakout after the ADX has been below 20 for at least 7-10 periods can provide good results. In this case, the 4 hour chart had dropped below 20 for an extended period too. On July 17th , price moved up which caused the +DI to cross up over the -DI. Based on Wilder's strategy, you would place a buy stop above the high of the day (either the high or a number greater than it). With this strategy, you may consider the stop at a point below the low for the same day. In cases where the daily range is small, then placing orders in this way may not cause too much of a draw down. However, in case where the daily range is large, the risk is much higher though there are cases where it's just the way it works out (recent ngas activity that I'll use in an example in a future article). Alternatively, you could choose to place the stop at something like a 75% retrace of the daily candle when placing the buy stop at the high of the day. Another option is to place your buy order as a limit order somewhere in the 25-75% pullback of the daily range that caused the DMI to swap . On the 4hr chart, marks the day that daily DMI swapped dominance while shows the 25/50/75% breakdown of this price range. While this strategy can reduce the risk of having a larger draw down, it also introduces the risk of missing a trade. I'll review more examples of both of these scenarios in next article.
OANDA:WHEATUSD
by mxb1961
Trading the DMI with ADX, TSI and EMA (WHEATUSD)In my first article, I provided a summary of the tools I’m using plus links to some good material that gives more in-depth details of each. As I go through each concept, I’ll refer to the 3 time frames that I will use in determining a trade. • Weekly: to get the overall bias of the market • Daily: to identify a day to take a trade or to setup a trade • 4 hour: to identify the timing or refine the timing of the trade My goal is to trade a small set of markets across various types which will include E-Mini contracts of Wheat and Corn and E-Micro contracts of Euro, Aussie$, and Gold. I’ve tried to trade crude oil (wti) options with mixed success but won’t actually outline trades but use it in the examples. For the E-Mini’s, I’ll limit my initial entry to 1 contract while the for the E-Micro’s (except Gold), I’ll up limit to 2 contracts. My main goal now is to make more money than I lose to remain in market so that I can continue my education in trading. In this article, I’ll review one of the primary aspects of the DMI as outlined by Wilder and that is the equilibrium point of a market. In his book, on page 45, he states that “Good directional movement is not simply straight up or straight down movement. It is also good up and down movement in excess of the equilibrium point. This, in effect, is what the ADX measures. The equilibrium point is reached when the +DI equals -DI.” More detail can be found in his book and various online articles. In the example of WHEATUSD (I trade e-mini wheat but use WHEATUSD for analysis as I can get near real-time data feed on TV without additional cost), I’ve noted 3 times since April of this year that the market has been at an equilibrium point on the daily chart (A, B, and C picked to mark the spot but not to imply any type of wave stuff). In the first 2 cases, the ADX was above 20 while in the 3rd, the ADX was below 20 at the time of the cross. General speaking, when the ADX is declining and is at 25, it is best to be cautious when the DI’s cross. However, when the ADX drops below 20, it’s best not to trade but to wait for some type of pattern to evolve and trade the breakout. I’ll go through examples of this in future articles. For now, I’ll focus on the 3 times where the market reached equilibrium. In his book. Wilder notes that the day this happens, it is an important date to note (on the daily chart but translates into the period of chart you’re using) as it can prove to be significant in the future too. On page 47 of his book, he reviews a key concept in his systems called the Extreme Point Rule and this is either the high or low made on the day. Depending on if you’re long, you would use the low as the stop and if you were short, you’d use the high as the stop. If not in the market, you could use this point to enter the market by placing a ‘stop’ order at this point. In reviewing these three lines, from a hindsight perspective, it’s obvious now that the markets moved in the direction you wanted but in case ‘B’ only after a considerable drawdown. And, in ‘A’ and ‘B’, potentially the same depending on your appetite for drawdowns. There are cases where the market does continue quickly in the direction of the cross but there are also times that it doesn’t immediately. This is the area I’m studying now trying to discover what conditions lead to one vs. the other. Looking at these three cases, another strategy to think about is that of placing the order at a 25-50% pullback level into the candle that caused the market equilibrium with a stop just below/above the extreme of the same day. In my next article, I’ll focus in on the markets noted above and review the daily charts YTD to see how this strategy would have played out.
OANDA:WHEATUSD
by mxb1961
1
Trading the DMI with ADX, TIS and EMAI’m not a successful trader. I was fortunate (?) to have a father introduce me to trading futures when I was ~12 in the early/mid 70’s (he created a study guide and sat me and my 2 older sisters down at the kitchen table to review it weekly). I was ‘successful’ in the mid/late 80’s but that too went away as did the desire, time and money to continue. 4 years ago I decided to pick it up again but to-date, have not met with success. Maybe my story is typical or atypical, you can decide for yourself. As you can tell from my past posts, I’ve tried/experimented with a lot of different strategies and ideas. As of today (this week as I write), I’ve decided to commit myself to a simple strategy of using the DMI with ADX, TSI, and a trilogy of EMA’s (that is an accumulate of many different things I've learned in the past 4 years). The two books (trading related) that I focus on are listed here: Welles Wilder Book Elder’s Book Details runs amuck on the web regarding the DMI and ADX but these (especially the first link on trading breakouts) I’ve found to be more beneficial. Various links for ADX: Trading Breakouts (you can download the pdf from this site too) ADX Breakouts What is my current configuration : EMA on price at 9/13/26 period TSI: 25/13/7 (the 25 & 13 are default on TV but I use the 7 on trigger DMI/ADX: 14/14 these are defaults as specified by Wilder though you ‘ll see experiments on the web with a lot of different setups. Personally, I try to use the default as Wilder has laid out and not try to optimize them. I use the same configurations on all time frames that I track (weekly, daily, and 4 hour) As you review the slides on the breakout strategy from above, it walks through a scenario of using a 20 period EMA in conjunction with DMI/ADX. I’ve chosen to use the 13 and 26 as a boundary to achieve the same concept. On pg. 48 of his book, Wilder notes: “I know that for many, the Directional Movement concept and its implications have not been easy to comprehend; however, those who pursue it will be rewarded for their effort.” No matter how many times I’ve dropped using the ADX, I’ve always held on to this statement and have come back to it to determine what I’ve missing or haven’t gotten. As I said, I’m not a successful trader today, but my goal is to work to become one. In the opening to his book, Elder notes: “You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody. This is the life of a successful trader”. Then, in the next 250 pages, dispels myths and such in addition to working through all sorts of tools to achieve this goal. So, why do I feel I can achieve this goal? Well, the 3rd non-trading book I’m reading gives me this hope: Ecclesiastes 9:11 “I have seen something else under the sun: The race is not to the swift or the battle to the strong, nor does food come to the wise or wealth to the brilliant or favor to the learned; but time and chance happen to them all.” The substance of hope and the desire to be ready for your time when it comes. In following posts, I’ll work through examples of how I try to use these indicators (primarily the DMI/ADX).
BITFINEX:BTCUSD
by mxb1961
AdEx ... Decide yourselfHi everyone! Let's do a quick view of AdEx. Seems that "market" in general is gonna have a fast bullrun (hours-days-few weeks.. but not more than that) and than correct itself to reach lowers levels.... In this case is draw like a posible AltShark or maybe a Nen-Star... As always, our positive scenario is guided by the green path... and the negative one could reach in the better case only the 0.236 red fib level. This is just for educational uses. If you like my ideas, please hit Like, leave a comment, share them and follow me for more! GoodTrade -CJ-
Long
by CristoJaraba
1
BTC - 24 Price ForecastPrice forecast for the next 24 hours should play between the defined parameters. Rising wedge on the charts. I believe it will play out as a continuation pattern if timeframes, indicators, charts, and candles continue expressing bullish sentiment over the next 24 hours. Stochastic RSI bullish with room to move upwards TRIX has been modified to give strong buy signals ADX (not shown) has a bullish twist on the DIs RVI (not shown) approaching less volatile territory across various time frames 1-4 HR. Kijun acting as support and the Kumo has undergone a bullish flip on earlier time frames (1-4 HR)~
BITFINEX:BTCUSD
by SpektreSignal
AdEx (ADX) Long Term Push (222%+ Profits Potential)AdEx (ADX) Long Term Trade by Alan Masters Last time we traded AdEx we generated 280% earnings, I believe we can enjoy similar results this time around, or even more. Here is the long term chart for us to get started:  - The log scale is on since this is a long term chart. - Here I mark some dates, the all time high, bottom, EMA10 (blue) and several support levels. - We will take a closer look soon and examine the signals that point to future upward movement, but let's start by looking at the details of the next AdEx event. UPCOMING EVENTS - AdEx (ADX) - 30 September 2018 (or earlier) - AdEx Protocol - "We are releasing the AdEx protocol. It is a generalized advertising infrastructure that includes smart contracts and our node." CHARTS, SIGNALS & INDICATORS Let's have a closer look at the AdEx (ADX) chart, review the signals coming from the candles and indicators and move on to the trade instructions:  - After reaching a peak on the 2nd January 2018, AdEx's price started to go down and continued to do so all the way until now. The price bounced from a strong support established back in August 2017 and several signals are telling me that this might be the "bottom", which means we move up from here. - We broke and close above EMA10 (blue) line on the daily chart. This is a positive development; bullish of course. AdEx hasn't been able to close above this line since early May... Let's continue. - Very strong bullish divergence on the MACD, plus bullish crossover. We are still on the bearish side of the MACD but trending up. - The RSI played in and out of the oversold line for over two weeks. Now it is out of the bottom, trending up and showing for plenty of room available for additional growth. - The STOCH is trending up and in the bullish zone. TRADE INSTRUCTIONS Buy in: Up to 0.00006500 AdEx (ADX) Targets by Alan Masters: (0) 0.00007004 (1) 0.00007684 (2) 0.00008864 (3) 0.00009724 (4) 0.00012214 (5) 0.00014664 (6) 0.00016174 (7) 0.00019194 (8) 0.00023050 (9) 0.00027294 (10)0.00034174 (11)0.00040444 Note: These targets are for reference only. Not all targets are meant to be reached. The higher the target number, the longer it takes to get there. Aim for profits, 1-6 targets depending on the market conditions. If the market moves but without strength, 1-2 targets will do. Action with momentum, 2-4 targets. Good growth, up to 6 targets... Massive, long term growth, aim for the TOP. Each time a target is hit, you sell for profits. Here you can find additional information on how to sell the targets. You can sell 20% on the first target just as you can sell 100%. This choice is completely up to you. How you proceed will really depend on your trading plan and strategy. Long term traders buy and forget, come back later, in many months time, to collect. Short term traders sell everything when we hit the first or second target, while mid term traders sell a small portion at each target. You can also have a mix of all the above... Stop loss: 0.00005700 (This stop loss is only valid if we 'close' a daily candle below this price. Just 'hitting' this price isn't enough to close this trade). Note: Please remember, if your stop loss is activated, you can use the "Next support" level  to buy back in at a lower price and increase your total number of AdEx (ADX) tokens for the next wave up. Capital allocation: 2-3%. Time: 2-8 weeks. AWARENESS OF SELF Who are you? Who am I? Are you aware of the self? Yourself or myself? They are both one and the same. Achieve awareness of the self through deep conscious breathing / prayer / meditation. Five minutes in the morning, after waking up. Five minutes at night, before going to sleep. You will be amazed by the positive wealth, security, patience and happiness enhancing results... Namaste.
Long
by MasterAnanda
12
Verge (XVGBTC) wave analysis: 4hr tfPrice action from ~0.00001419 on April 17, 2018 till present date is identified in this analysis as an ongoing corrective (3 wave) move for Verge (XVGBTC) that not yet complete. The downtrend is described here as a possible zigzag Elliott wave structure. A minute wave ((c)) of the structure (last leg) that is currently ongoing should see the price of XVGBTC further decline. The earliest price target for XVGBTC based on the zigzag structure for minute wave ((c)) is ~0.00000524 or 0.00000281 at which point minute wave ((c)) would = 100% minute wave ((a)). Any upward move in the price of Verge (XVGBTC) should find resistance at the target area shown on the chart (between ~0.000000836 and 0.000000765). The ADX as shown here with a negative slope indicates a consolidation or sidetrend in Verge (XVGBTC). Patience is therefore required to see how price action further transpires as opposed to selling immediately. The point of invalidation (POI) for this analysis is a price close above ~0.00000951, which is just above the high of price on May 3, 2018 at ~ 0.000000945.
Short
by Coin_Analyst