This Signal Has Tractor Supply Rising SoonBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on July 23, 2021 with a closing price of 187.7.
If this instance is successful, that means the stock should rise to at least 189.79 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 8.587% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 17.077% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 18.821% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 15 trading bars; half occur within 27 trading bars, and one-quarter require at least 32 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Algorithm
ETHEREUM (ETH) ALGORITHMIC MANIPULATIONGood morning, Alkalites! Today we are starting with slightly green watchlists. There is not too much to see today, as most of our long term orders have been placed. We are waiting until more tokens from our watchlist become favourable to enter in.
This morning we have seen ETH making a wedge, probably formed by algorithms battle with EMAs. Today's levels are based on algorithmic volume, as low-frequency buyers won't probably place orders near the recent all-time high.
If ETH breaks above them, we could see more growth in the short term. If not, remember this is not a recommendation for you to sell or to place shorts, as we believe this ETH will perform well in the long term.
Stay tuned on updates like these in our FREE CHANNEL in Telegram!
Have a great Tuesday, Alkalites!
GBPUSD Long IdeaPrice has broken through the 4hr fractal high indicating that GU wants to push higher, also price moved aggressively upwards in a really short amount of time and it broke past the previous higher high and created a higher low indicating that an uptrend is going to continue. We will wait to see if price retraces back to 61.8 fib area where there is a support level underneath it and if price rejects this level and shows signs of buyers then this will be an excellent trade setup. However, there is currently a breaker block acting as a support from the previous high for the small push downwards that GU has made so we could see price coming back up to test the order block's resistance. Hope this analysis helps and good luck traders :)
ES Trade Plan 3/12Hello Traders, ES has had a nice rally up this whole week and nearly touch ATH once again. Overall very bullish as long as we continue to trade above 3865 to eventualy retest previous ATH and push into the 4000's that everyone wants to see. I would like to see a healthy pullback to 3900-3901 before we push higher at another attempt to break ATH.
Short below failing to break and hold 3935, PT @3911-3910, 3900-3901, 3892-3893
Long after a healthy pullback that we need to continue higher. Entry @3901-3900 after confirmation of reversal. PT @3920-3921, 3933-3935, 3958-3959 (ATH)
Or breaking and holding above 3935 for a quick retest of yesterday high, PT @3945-3950, 3958-3959 (ATH)
Algo makes me happy. ALGOs are here to stay. They obviously cannot be taken for granted. One thing I tell friends that purchase an Algo in the form of a Tradingview Script, is that it will help their trading decisions and confirm technical Analysis made by them.
On my quest of finding a good Algorithm, not only for signals and accuracy, but supporting instruments, I came to Elite Signals Algo .
Again, the goal if an Algo is to support your own Technical Analysis. With almost 80% accuracy, this instruments can help your decision making and maintain emotions on the control level.
One of the coolest features is the auto drawing of Support and Resistance level. They are VERY accurate and combined with Candlestick pattern recognition, your day trading becomes very powerful.
Is the Algo making me a lazy Trader? No, not at all. Its a supporting tool, same as any indicator.
Are you interested in this great tool? Follow the link and send me any question you have.
Enjoy your day trading!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only. You can use the information from this post to make your own trading plan for the instruments discussed or other instruments. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FMC Trade with MOUNT Germany 30 Quant SystemTrading is Waiting - Quants have a lot of time and wait until they the setup fits their requirements.
Traderama uses quant based "buy the valley" strategies for equity trading. This is an example, that the best returns will be achieved if you find the bottom and trade the bounce.
This trade example is a result of the MOUNT Quant System
Testing out simple algorithm - HUSADay 1 - This stock was found using the following rules
1) price under 15
2) volume over 200k
3) price above 50 sma
4) price above 200 sma
5) float under 50M
6) relative volume over 3 *
Testing out if those inputs equate to favourable outputs
Holding period - not determined in the set of rules, testing how the rules react first
NNFX Algo Journal
I've been studying for several months and only as recent December did I truly start down the NNFx path. As of the writing of this Idea I am up 3% this month in my Oanda Demo account.
One of the more important things that I like is the RIsk and Money management. I trade all 28 currency pairs. Since I am starting out I will often trade some of the same currency while risking less.
Psychology is definitely bigger than I thought and look forward to trading real money with real implications.
So far I am a big fan of the Schaff Trend Cycle as a C1, KAMA as a C2, Kijun-Sen as my Baseline, and Wadda Attar Explosion as my volume indicator.
The biggest thing I am looking for is a good EXIT indicator. I have been relying on the Schaff Trend Cycle to alert me of changes in trend.
I want to hone in on "Winning by not losing" and being truly ruthless on the rules I set for Entry and Exit.
All of the indicators have been backtested at least 2 years.
It's been a fun start.
GBPAUD longs Intraweek Setup Update + ExplanationThe current 4 Hourly Body Closure Low of the week was retested today NY session. See the pinpoint precition and closure above it's clear under my system that money was taken from intraday buyers holding a long trade.
I firmly believe GA is ready to rocket from here. Let's see what happens. Great R/R tho
Long Play - MCLD Technicals Signalling BullishThanks for checking out this idea! Note: this is not financial advice. Trade at your own risk and with due diligence. I may or may not have a position in this security. Manage your risk.
On our weekly timeframe, we currently see a close above the 9 EMA, while RSI remains near oversold, and MACD is at a potential crossover - will we be rejected by the MACD signal line again, or will we see continuation to the upside?
If we look at the daily chart above, we will see a confirmation of uptrend, with the daily MACD crossing over signal line, and bullish divergence as price action goes down while RSI and MACD have been moving up. A push into positive MACD territory will be a major buy signal.
We can also note a candle close just on top of the daily 9EMA (grey) and close to the .382 fib level. A cross of the 9EMA over the 20EMA (purple) will pump price as algorithms get triggered.
Hope this analysis helps you guys out. Happy holidays and happy trading!
SRNE Trade Plan (11/27)-(12-11)Below 5.70 Short
PT @4.79
Ideal PT @3.40
SL @5.32
Above 7.26 Long
PT @7.97
PT @8.33
Ideal PT @10.31 then 11.76
SL @6.65
Leaning on bullish as long as it holds above @5.6. Holding below @5.32 and we'll retest @4.79 then @3.40 rock solid support.