Algotrading
ALGOUSDTWe waited ALGO for a while. This coin is really undervalued (like XLM, IOTA and XRP). really nice move since BTC correction.
We expect a fibonacci retracement on the 0.618 level, which is the most important FIB level for a healthy growth. From this point, we open a big long and use this retraceemnt as new strong support. ALGO is big and was a sleeping giant for a while .
We also identifies maybe a local support around 1,90
We keep close eyes on it and be sure to don't miss itin the case we test again our 0.618 fibonacci level!
EURNZD is busy busy 🤟📊Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades shown on chart and it's been a busy day for this strategy.
One TP hit, One close for profit and two EP hits.
But you can't win them all! Lets see where trade number five ends up.
Trade history can be seen at the foot of this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
EURAUD long is valid 📈👍Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
ALGOUSDT | Corrective Wave Started | ShortReason:
1. Break the support Channel
2. Break the support Wall
3. Break the EMA support in 30M Time Frame
4. RSI Divergence
5. I think wave 5 is over
For the stop loss level consider the trendline and the EMA as a new resistance
The corrective path just a illustration about the ABC corrective wave, it can be flat or zigzag or another ABC
Disclaimer ON
this chart is not a signal you should follow, I just want to share what I think, if I made a mistake please let me know in the comments section, Thanks.
Break the EMA support in 30M Time Frame
ALGORAND - ALGORAND- Dancing with El Salvador 🕺 (p2)Algorand keeps doing great, with the El Salvador Launching Government Blockchain Infrastructure on Algorand This Year
As you had been informed here before,
The country has signed an agreement with Latin American asset tokenization company Koibanx to allow official records to be hosted on the blockchain.
El Salvador’s government has signed an agreement with Koibanx, a Latin American asset tokenization and blockchain financial infrastructure company, to develop the country’s blockchain infrastructure on top of the Algorand blockchain.
The ability to store official documents digitally on top of the Algorand blockchain will come before the end of this year, Koibanx CEO and co-founder Leo Elduayen told CoinDesk.
This could be great news for ALGORAND and the chart can help us explore this opportunity.
Price broke over it's major resistance today and seems to be ready for higher!
One Love,
the FXPROFESSOR
Automating strategies keeps me sane 😊Running a strategy with a proven edge has me comfortable mentally on how a trade plays out, Be it a stop out or a take profit target met.
Also automating those proven strategies and just letting them be helped with my mental state as a trader.
Trade alerted 17:45 this afternoon and has been close once to TP.
I didn't know this I was in the garden enjoying the late summer sun that has bestowed the UK this week 🌞
Once upon a time watching the charts would of had me thinking of closing to soon and then filling with regret as the retrace occurs that I didn't close.
Only reason to look at chart tonight was a quick mid week review of trades and this trade is one of my open ones.
Trade details are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
The current open trade still might not hip TP but I'm not allowing emotions to play a part I let the objective based plan play out.
Previous trades shown on chart from the last two days.
Trade history can be seen at the foot of this trade idea too for full transparency.
These are year to date stats.
How do you as traders journal your trades I'm intrigued to know?
Having back test capability and a trade log which is possible through TradingView pine script saves me hours in manually logging trades as well as manually back testing.
Having that level of data allows me to know I'm running a proven strategy and that I have an edge.
The next key bit to staying sane/stress free and one of the best pieces of advice I could give as a trader is use technology available to your advantage.
Trading shouldn't consume every spare minute. Most of us do this to escape the 9-5 so don't spend hours at charts unnecessarily.
Not spending hours at charts is why I haven't shared all these trades on this pair and when this current one alerted.
If your reading this tonight let this sink in I've only looked at this chart once this week when I shared my last idea yesterday on the pair in question.
There has been three trades since then and I'm only just looking now!
Take it from me find a strategy that works and then automate that strategy.
Your mental health and well being will be the winner in the long run along with healthy account gains.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
the legand ALGO!!!ALGO is lagend now. i published the previous idea at $1.18 and now it is $1.69. we completed a tea-cup formation and already made %45 profit.
Is it end?
There is a another huge tea-cup formation. If we can break out the $1.80 resistance, I will be bearish till $3.5, %96 profit.
But be careful and don't forget stop-loss
Dont lose your hard-earn money easily.
Bitcoin current situation (09/07/2021)I believe today's abrupt descent needs a more in-depth analysis than what I normally do.
I omit the news and focus immediately and above all on the multiday chart with daily candle.
Yesterday very good closing and a day high at around 52.7K; today, on the other hand, the prices immediately appeared a bit weak and then fell sharply towards 16.00 and touched the minimum in the hourly candle of 17.00.
Today's low has reached 2 levels that you can see repeatedly in my previous charts, for example I take an old analysis from 07/14/2021
these levels are none other than:
- the maximum of the candle that everyone remembers of 05/19/2021,
- 61.80% Fibonacci
At this point what could happen?
1st scenario: My algotrading is a mathematical system and therefore does not "reason" on levels, but on indicators and therefore as expected with such violent movements it will close the long position at the end of the day and enter short.
2nd scenario: graphically, the uptrend does not seem completely compromised yet; to be able to talk about a bearish reversal, in my opinion, it is necessary to wait a moment longer and wait for a daily close below today's low.
If you have any discussion points let's talk about it together, I'd like to have a discussion with you.
Good evening everybody!
Lumen Tech Joins The Pending Selloff?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom 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 SELL on September 3, 2021 with a closing price of 12.12.
If this instance is successful, that means the stock should decline to at least 12.01 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.302% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 4.85% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 7.819% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom 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 trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.75% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12 trading bars; half occur within 21 trading bars, and one-quarter require at least 33 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).
Tidewater Continues Down For NowBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom 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 SELL on September 3, 2021 with a closing price of 11.42.
If this instance is successful, that means the stock should decline to at least 11.3 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 4.346% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 10.788% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 20.044% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom 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 trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 4 trading bars; half occur within 19 trading bars, and one-quarter require at least 29 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).
Discovery Jumping on Sell BandwagonBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom 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 SELL on September 27, 2021 with a closing price of 28.38.
If this instance is successful, that means the stock should decline to at least 28.23 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.311% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 4.10% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 6.591% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom 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 trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 8.0 trading bars; half occur within 20.5 trading bars, and one-quarter require at least 33.0 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).