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.
Algotrading
ALGO continues correction waveFib channel pointing at next low and when to expect it?
3/2/21 - $.56 to $.52. This price will probably not hit exactly on. I plan to put in a few buys a little above this number.
I find a lot of people who share their charts focus to heavily on smaller scales and never look at the Day, Week, or Month. The larger scales serve as a road map of where price is heading. Start in the larger scales and work your way down to the scale you like trading in. I.e. "Bitcoin going to the moon this year!" charts. Really what does the historic patter show? Impulse waves and correction waves even at the larger scales. Happy trading.
*My opinions for the purpose of pattern analysis. This is not financial or trading advice. Use your own best judgement.
SPY (3/8)-(3/12) Trade PlanWatch SPY for a break and hold over 384.60-385.00 and (EMA 200) resistance and minor trendline resistance back from last Tuesday 3/2. Stimulus news should help SPY break above, holding above and we'll find a retest to the high 380's and low 390's again. Rejecting 385 and we'll find support near 378/379.20.
ALGO Breakout COMING SOON!Price seems to have bottomed out at .83 on Feb 23. That's a 55% pullback! Since then price has been consolidating in a narrow range. As this pattern becomes more narrow, price will breakout soon. VERY IMPORTANT, price could breakout to either side. It's also very possible that price could break below .83. It's not unusual for Altcoins to correct by more than 60%. Still it's a great opportunity! Manage your risk!
ALGOUSD (ALGORAND) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- ALGOUSDT brokeout above descending trendline resistance.
- Price action is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
EURUSD London session trading plan march 2ndLondon session set up for NFP week. 3/1/2021 - 3/5/2021
Looking for some wild price action into day 2 of week 1 March.
Bias: Bearish
Seasonal Tendencies : Consolidation
Monthly Judas? Yes (Expecting on week 1/2)
Weekly Judas? Yes (Expecting Tuesday low of week)
Daily Judas? Yes ( Possibly will complete on current trade set up)
Institutional order flow weekly : Bullish
Institutional order flow daily: Bullish
Institutional order flow H4 : Bearish
Institutional order flow H1: Bearish
Institutional price levels near? : Yes 1.20000 at the start of FVG 14 pips above our TP target.
Confidence level : ⭐️⭐️⭐️⭐️(4/5)
Entry 1 : Mitigation block formed inside of the asian range.
-1.20233
Take Profit : End of Fair Value Gap on the 4HR
Entry 2 : 15 min Fair Value Gap formed out of central bank dealers range going into asia.
Take profit : End of Fair Value Gap on the 4 HR.
Notes
Possible shift of higher time frame institutional order flow this week.
Will keep a look out for this shift in price action after HTF fair value gap is filled.
Expecting Higher prices in EURO for NFP
ALGOUSDT Zoom UP 🔜ALGO is been low key trying to recove r, done pretty well in this regard.
Inverse H&S formed nicely is the journey so far
ALGO is yet to fully realize its potential. Promising future for real use-case.
A few resistance on the way up .
So expect zig-zag dances as we move along
I picked an entry at $1.31
I am bullish on ALGO/USDT
Final target seen in chart. Might be hours or days. This coin moves steady, no hype!
Symmetrical triangle already gave way
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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
Algorand has been amazing... But there is more to come !We are monitoring ALGO since the beginning of it's bullish trend at 0.40 cents ... (first analysis of Algo below)
On today’s analysis, we saw that Last week we successfully reached our target 2 (written on the chart) and we closed above the weekly resistance (Blue line on the chart) that has been built since September 2019.
Now we are actually flipping this resistance in to support ... A weekly closure above would be very bullish for the next few weeks.
As there is very little volume on this retest, i am very confident about what will come !
Time will speak!
Patience is a key in this market
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/