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ADX

QS Long - Fibonacci TradeDaily Chart - Swing Trade - Fibonacci Retracement Strategy QS retraced significantly from its ATH and is currently consolidating at the Point of Control (POC) also a Demand Zone right around $50.00. ADX is below 25, meaning QS is not trending right now. You'll notice on the left that the fib retrace level shows, just over 78.6% price retraced, which is big and a good opportunity to take a position for this kind of strategy when the price moves up to retest that Supply Zone in Purple. MACD crossed so we should see some price action to the upside. RSI is good, not overbought, not oversold. Earning was today and was... o k. Looking long term QS has potential with the solid-state battery technology for EVs. This was the first significant retrace and I've taken a position on this trade with a target of 150%. I am speculating but maybe by mid-summer, we could see this. Trade at your own risk. This is not financial advice. I am not a financial advisor.
NYSE:QSLong
by HD_Player1
Unity $U formming a "low cheat"I usually have a number of stocks that I like because of the fundamentals, and I just wait for the technicals to do what I like. This time NYSE:U is doing it in a very good way. The price is not yet above its MAs but it has a strong divergence with the MACD and the ADX is below 20 points, all this while formming a "low cheat" which is like a mini "cup & handle" (I learned this reading Mark Minervini). Normally the "cup & handle" pattern is one of the best reversal patterns, adding this with the other technical signals I think this stock is close to a buy point. Still, for my strategy this setup is high risk. I always wait for confirmation with a second base. IBD has NYSE:U in rank 7 in its industry, and a realtive stength rating of 37; not my usual stock. The thing adding to my optimism is that breakouts have been working better for the last 2 weeks. I even missed a few stocks because I was being cautious. With this one I would add just half my position size and if it goes my way I'll add my full postion.
NYSE:ULong
by dpuleo19
All bullish signs for $GBTCI'll open this saying that always wait for confirmation. Now, all I can see in this chart are bullish signs. The ADX is above 40 points stating the end of a trend. The MACD is making the bullish cross while in good divergence with the price action for the last month. Last week OTC:GBTC made a bullish candlestick pattern called "the island reversal", is when two gaps are formed on the same zone creating an "island" on at least one candle; and to add, that candle is a "shooting star", one of the most bullish candle formations. Regardless of what I see, OTC:GBTC is still on a downtrend. This could only be the start of a reversal, which it would be foolish, at least for me, to buy it. This analysis is to have a close eye on this security that's all. I'll leave a bearish analysis to give some perspective. Is in spanish.
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by dpuleo19
1
VeChain - a 4hr chart analysisVeChain 4hr Chart update: VET is still in the Bearish Zone of the Ichimoku Cloud. VET is testing the Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. Which is also where the Bollinger Bands Middle Band Basis 20 Period SMA is located at the moment. We need VET to eventually close a 4hr Candle within the Equilibrium Zone of the Ichimoku Cloud, above the Leading Span B (Senkou Span B) resistance. VET is below its 50EMA. We should expect strong resistance at this 4hr 50EMA level. VET needs to close a 4hr candle above this level and turn it into strong support. Volume has increased with the Volume Bar above its Volume 20 Period Moving Average. Hopefully VeChain can end this 4hr candle green. VET is above its Least Squares Moving Average (LSMA) for this 4hr timeframe. VET is above both its Volume Profile Visible Range (VPVR) Point of Control (POC) and above its Volume Profile Fixed Range (VPFR) Point of Control (POC). VET 110% needs to stay above the POC for this 4hr timeframe. The Chaikin Money Flow (CMF) is indicating accumulation has dropped from 0.08 to 0.07 but the CMF (Green Line) is still in the accumulation zone and still above its Least Squares Moving Average (LSMA) which is at -0.04. We need the CMF store stay above the Zero Line and in the accumulation zone for this 4hr timeframe. The Average Directional Index (ADX DI) is indicating trend strength is sideways with the ADX (Yellow Line) at 25.53 above its 9 Period EMA (White Line) which is at 22.66. The -DI (Red Line) has dropped to 24.63 but is still above its+DI (Green Line) which is at 14.54. Notice that the -DI (Red Line) is indicating negative momentum had dropped with the =DI (Green Line) indicating positive momentum has risen but is now sideways on this 4hr timeframe. You all know how strongly i feel about the future crypto giant VeChain, so any major dips n drops should be used to DCA & acquire more VET before it does and ADA and gets over that crucial $1 mark. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
4
BTC - Don't get corrupted by the emotion of othersBTC Daily Chart update: BTC is still above its WEEKLY 50EMA. BTC is back above its Descending Pitchfork Median line. BTC needs to turn its Bollinger Bands Middle Band 20 Period SMA into strong support. Volume has increased and is now above its Volume 20 Period Moving Average. Hopefully BTC can close this day as a green bar. BTC is still in a Descending Triangle so BTC needs to close a daily candle above the downwards trend-line and turn it into strong support. I have added a Volume Profile Visible Range (VPVR), you can see the Point of Control (POC) for this charts visible range. BTC is trying to get above this POC. I have also added a Volume Profile Fixed Range (VPFR), you can clearly see that BTC is above the Point of Control (POC) for the fixed range that I’ve selected. The VPFR gives us a more clearer, macro view of buying and selling for an actual candle fixed range. The Chaikin Money Flow (CMF) is indicating an increase in accumulation withe the CMF (Green line) in the Accumulation Zone at 0.10. Note that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at 0.06. The Average Directional index (ADX DI) is showing the ADX (yellow Line) has dipped slightly at 54.13 and is slightly still above its 9 Period EMA (White Line) which is at 54.07. The -DI (Red Line) has dropped to 28.08 and the +DI (Green Line) has risen to 11.94. Notice that the -DI (red Line) is pointing downwards and the +DI (Green Line) is pointing upwards. An important point that I said in my previous BTC post when BTC wicked below the Weekly 50EMA was that BTC may WICK a few more times below that level, but that the real CRUCIAL thing is if BTC CLOSES THIS weekly candle BELOW the weekly 50EMA. if or until that happens, any post about BTC dropping to $20K and below is pure speculation and traders trying to convince you & the masses to join them in their short sell. Seriously its true, when BTC wicked below the Weekly 50EMA, some people on TradingView thought that this was the end, it clearly isn’t, and as I’ve said many times, if your longterm, its where the candle closes that counts not where it wicks to! Remember that BTC still has 4 1/2 days left on this weekly candle. Don’t let people make you emotional and make hasty decisions, try to study a bit of TA and FA, practice and do your own research as that is the only way to cut out the BS. Because remember, it’s your money! I hope this is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
BTC - Crucial times ahead for Bitcoin on the weekly chartBTC - A look at the Weekly Chart: BTC is still above it’s 50EMA on this weekly timeframe. BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA on this weekly timeframe. Note that the Lower Band has risen up indicating volatility has slowed and now brought back into equilibrium for this weekly timeframe. Note that the Bollinger Bands Upper and Lower Bands are moving sideways. If we look at the Longterm Pitchfork Pattern (A,B,C), BTC is still above its Longterm Upwards Pitchfork Median Line. At the moment, BTC is still below its Volume Moving Average (Orange Line) for this weekly timeframe which is a 20 Period MA. Overall volume is still low for this week. I have added the 100EMA and 200EMA so you can see where these potential levels of support are at the moment of typing this for this weekly timeframe. The Average Directional Index (ADX DI) is showing that the trend strength has dropped with the ADX (Yellow Line) dropping to 50.33 and its below its 9 Period EMA (White Line) which is at 58.25. The -DI (Red Line) is at 22.97 above its +DI (Green Line) 15.59. Notice however that the -DI (Red Line) is pointing downwards indicating negative momentum has also dropped. We eventually need the +DI (Green Line) to start curving upwards and eventually cross back over the -DI (Red Line) that will indicate renewed longterm positive momentum for this weekly timeframe. The Chaikin Money Flow (CMF) is showing that accumulation has dropped massively from its high but the CMF (Green Line) is still in the Accumulation Zone at 0.03. Notice that the CMF (Green Line) is starting to curve slightly sideways. I have added a Least Squares Moving Average (LSMA) (Blue Line) to the CMF, note that the CMF (Green Line) is below its LSMA (Blue Line) which is at 0.15, a very good sign will be if the CMF curves upwards and gets back above the LSMA. This week and next will be very crucial for BTC, if you are longterm long then you need BTC to stay above the Longterm Pitchfork Median Line and the 50EMA on this weekly chart. If BTC cannot stay above the 50EMA & Pitchfork Median Line on this weekly timeframe then BTC may drop into the Distribution Zone on the CMF for this weekly timeframe. A very good sign to look out for is if this weekly candle and especially next week’s candle closes green with a higher high and a higher low and especially above that crucial support of the 50EMA and Pitchfork Median Line. Here is a closer look at the Chaikin Money Flow (CMF): Here is a closer look at the Average Directional Index (ADX DI): I hope this is helpful with your trading or hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
2
BTC Analyze Time Frame 4H/ Symmetrical Triangle 👀Unfortunately, my last three posts have deleted, because I did not comply with the '' house rules ''. About BTCUSDT Chart, I can say some info; First, we are at Symmetrical Triangle (trusty == more than 45 _60 candles are on our Triangle) + We have Hidden Divergence ( HD- ) between MACD and Price , until now + Evening Star (Bearish candlestick Pattern)+ TRZ + End of microwave 5 (price was at the golden number of Fibonacci), So we have to wait for Correction waves + Price was near upper line of our Pitchfork + Resistance Zone (cluster) + Fib circles (If you look at the circle lines and you will know that these lines have worked well in the past) + ADX=15.58 (Over 20 or 25 initial trends will start ) ===== RESULT ==== BTC Will go Down again until Take profit zone 1 or 2 . My Suggestion : we had enough reasons for open Short positions (The above reasons). Take profit 1: 36620$ - 36460$ (Weekly Pivot point + 61.68% Fib + support zone). Take profit 2: 35430$ - 35120$ (Cluster of Fibonacci) === on this zone, BTC will decide to go DOWN or UP. Do not forget to put Stop loss for your positions (For every position you want to open) Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post. Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe. Good luck
Short
by pejman_zwin
6
The price has finished its momentum (ADX), now it's heading downIn ADX indicator, level 40 has been reached which means it's overbought. The momentum ends and the price will change the direction. There is a small head and shoulders as a confirmation of direction reversal. The price goes down and breaks out the demand area number 1 but it bumps the next demand area (number 2). It executes the buy orders and goes up again and hits the resistance line of the head and shoulders. The price will go down and break the demand area number 2 and bump the demand area number 3.
Short
by FranRizmy
GBPUSD - Daytrade by Keltner - Stochastic & ADX 12 Thu 2021- Higher High for Uptrend. * Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Number of consecutive wins in the past: 9. - Number of consecutive losses in the past: 6. So to avoid psychological influence, choose risk = 1% x6 = 6% for 1 trading signal. Currently, the Bot assumes 2% (orders 1: 1%, orders 2: 1%) ------- Max risk: 2%. 1. Trend identification: ... Keltner: Price through Upper1 / Lower 1 gives 1 point. ...... Uptrend: If price crosses above the close on Upper 1. ...... Downtrend: If the price goes down once, closes below the 1st line. ... Stochastic: ..... d> 67 for Buy, d <16 for Sell ... ADX: 30 indicates strong trend. ...... ADX smooth: 7. ...... DI length: 7. 2. Entry point: ... Buy (BUY): When k cut up D in an uptrend, when D> 67. ... Sell (SELL): When k cuts D in a downtrend, when D <16.
Long
by dinhchien
ADX Breakout strategy for insane returns on the GBPJPY 30minLike the EUR/USD this pair looks amazing on the ADX Breakout strategy once tuned properly. It even has far less draw down! The one thing i did notice is like what is shown on the chart. GBP/JPY does have a tendency to near the limit order and then make a run in the opposite direction occasionally. So in an attempt to see if i can trim losses while maintaining a high return. I will be testing this strategy live but with a trailing stop loss.
by VenomousTrader
How to Select the Most Suitable Trading Indicators? One of the most commonly asked question by novice traders is "what indicators should I use?" which is unsurprising given the vast array of available tools on a typical trading platform. Some traders prefer to crowd their charts with all sorts of indicators, whereas others prefer a more minimalistic approach. While there is no perfect solution, one thing should be abundantly clear- the indicators you select should help you make sense of the price action rather than distract you. When it comes to the number of indicators one should use, the more does not necessarily mean the better. In order to narrow down your options, you can use the following guidelines we have compiled for you so that you can diversify your options depending on the underlying market sentiment. Is the market trending or ranging? The first thing that needs to be determined is what the underlying sentiment is - is the market trending or range-trading. While a keen eye can catch the subtle difference between the two without the use of any indicators, the ADX (Average Directional Index) can be used to determine the strength of the trend. Whenever the ADX is threading above the 25-point benchmark, this underpins a robust trending environment. Conversely, a reading of the index below this threshold indicates undetermined (ranging) market sentiment. If the market is trending, focus on the underlying momentum Price trends are by definition probing either lower or higher, which is why you need to track their changing strength as they develop. This is crucial for the implementation of trend-continuation or trend-reversal strategies. Filling the chart with multiple moving averages with different periods does a perfect job of underlining the changing market bias over time. That is so because MAs can be used as floating supports and resistances, and the behaviour of the price action each time it probes a given MA highlights the changing nature of the trend. The inability of the price to break down below one or several MAs in an uptrend can be perceived as an indication of persisting bullish commitment in the market. Hence, traders can use trend-continuation trading strategies and place long orders while the price probes the MAs. The opposite is true for downtrends. The eventual probing and subsequent penetration of the price above (in uptrends) or below (in downtrends) MAs with higher periods signifies waning commitment in the market. The gradual narrowing down of the space between various MAs followed by an eventual breakout/down underpins the possibility for using trend-reversal strategies. Also, keep in mind that MAs with higher periods are usually found at the bottom of the string in uptrends and on top of the bundle in downtrends. If the market is ranging, bet on the Stochastic RSI In ranging markets, in contrast, there is little need for moving averages, as the price action is naturally contained within a horizontal area. Instead of focusing on the direction of the price action, in this case, it makes more sense to study the discrepancies in the underlying buying and selling pressures. The Stochastic RSI is among the best-fitted indicators to do this job, which is why it is most effective in strong ranging environments. It can be used to gauge the likely rebounds of the price action within the two extremes of the underlying price range. If the ADX has been threading below the 25-point benchmark for quite a while and the Stochastic RSI is getting into one of its two extremes (overbought and oversold), this can be perceived by traders as a potential indication of imminent reversals in the direction of the price action.
TVC:SILVEREducation
by Trendsharks
GBPUSD - Combine: Keltner - ADX - Stochastic 23 Apr 2021k cross d breakout; stop/profit: 1.1/1.1, second: 0.6, Keltner confirm: Upper/Lower 1, Number cross: 1, reset keltner, d value for long: 67, d value for short: 16; adx 30; 7, 7 * Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Number of consecutive wins in the past: 9. - Number of consecutive losses in the past: 6. So to avoid psychological influence, choose risk = 1% x6 = 6% for 1 trading signal. Currently, the Bot assumes 2% (orders 1: 1%, orders 2: 1%) ------- Max risk: 2%. 1. Trend identification: ... Keltner: Price through Upper1 / Lower 1 gives 1 point. ...... Uptrend: If price crosses above the close on Upper 1. ...... Downtrend: If the price goes down once, closes below the 1st line. ... Stochastic: ..... d> 67 for Buy, d <16 for Sell ... ADX: 30 indicates strong trend. ...... ADX smooth: 7. ...... DI length: 7. 2. Entry point: ... Buy (BUY): When k cut up D in an uptrend, when D> 67. ... Sell (SELL): When k cuts D in a downtrend, when D <16.
Short
by dinhchien
XAUUSD - Day trade by Keltner & ADX 22 Apr 2021* The result is reported from 1/1/2017 - present. Strategy entries 2 orders. The first is with risk/reward 1/1 give the Percent profit 58%. The second is at 70% Fibonacci in the First's zone (stoploss-profit). He has the risk/ratio = 1/3.3 and the Percentage Profit: 42%. -------- Risk all: 1-3%. Strategy was minus the fee by: ...Commission = 4 USD/trade. ...Slippage = 2 ticks. * The signals are combined by 2 indicators Keltner Channel & The average directional index ( ADX ). 1. Long trend is confirmed when the close candle crossover the Upper 2 Keltner . 2. Short trend is confirmed when the close candle crossunder the Lower 2 Keltner . 3. ADX indicator below is used to performing the Entry by ADX crossing. ... When Keltner for Long is the crossover for Buy. ... When Keltner for Short is the crossover for Sell. 4. The Stop loss & Profit is with a ratio 1/1. It's calculated by Average True Range Indicator ( ATR) 20 bars.
FX:XAUUSDLong
by dinhchien
2