Algotrading
Trade update: Moving stop to break evenThe model gave us a great trade and now we can manage this position with nothing to lose. #qqq
Model Watchlist: Will travel hold up with or without a vaccine?Priceline has entered the same range it has found support since May and has held up well despite there being no real news on the vaccine front.
#stocks
A Potential repeat of September?#crudeoil
crude has been oversold recently. This could be the start of some consolidation or a potential upwave reversal
Model Watchlistcad/jpy is entering the same support zone that has held since June as volume has also started to pick up. A new upwave could be on the horizon
Model Watchlist: A new upwave to come?This pair is approaching the same area in which the last upwave was formed with rising volume.
$WORK updated analysis. Confluence at $40 post election.EW analysis shows that $work is working on a a wave 3 sub formation (yellow) within a larger wave 3 impulsive structure (white) that started back in march. Its hit the technical levels perfectly. The algos are in play!
On a shorter time frame, the Andrews Pitchfork shows a beautiful bounce off the bottom of the channel, with and 80% chance the price will approach the median of ~$35. A dip is likely to occur here, followed by a continuation to $40 over the next few weeks to complete the wave 3 sub-formation (yellow)
Market volatility around the US election will likely keep the price movement small. Im expecting a large move upwards by mid Nov, as election chaos settles down and markets have a more firm view of what to expect in the future.
The stochastic RSI is oversold, but will likely stay at these levels for another week or two (just like the last time it was in that zone) as the election uncertainty passes.
I expect great things from $WORK in the new year.
ps: this model is invalidated if price falls below $24
Will earnings create a new up wave for Amgen?Price has entered the same region its last major up wave started. An earnings surprise could be the catalyst.
ICHIMOKU AND RVI BEGINNERS PLAY BOOKNow ichimoku is relatively simple look for buys above the cloud and look for sells under the cloud. so when we backtest that over our 5/5 winners with rvi we get two less entrys, however as a beginner to avoid them whipsaw movements that isnt always a bad thing. The cloud itself offers dynamic support and resistance based of averages. price breaking through the cloud signals a breakout and a change in the trend usually. if new to trading I recommend learning about ichimoku on youtube, its not the all time great plan but if you have no plan its better than that. to keep discipline and entry requirements.
ICHIMOKU AND RVI BEGINNERS PLAY BOOKNow ichimoku is relatively simple look for buys above the cloud and look for sells under the cloud. so when we backtest that over our 5/5 winners with rvi we get two less entrys, however as a beginner to avoid them whipsaw movements that isnt always a bad thing. The cloud itself offers dynamic support and resistance based of averages. price breaking through the cloud signals a breakout and a change in the trend usually. if new to trading I recommend learning about ichimoku on youtube, its not the all time great plan but if you have no plan its better than that. to keep discipline and entry requirements.
RVI TUTORIAL OIL EXAMPLE 5/5 WINNERSSo I am going to breakdown an indicator that I have featured alot in my trades, so if we look at the crude oil chart here, we can see that in total we have 5 notable crosses of the rvi indicator, 3 bearish trades and 2 bullish trades for a total of 510 pips, 5 winners out of 5. Now the magic of the indicator is that it is both an entry signal and an exit signal, enter on cross exit on cross to maintain maximum pips. Personally i find relative vigor index very useful when used in conjunction with good trading ideas and good structure analysis
RVI TUTORIAL OIL EXAMPLE 5/5 WINNERSSo I am going to breakdown an indicator that I have featured alot in my trades, so if we look at the crude oil chart here, we can see that in total we have 5 notable crosses of the rvi indicator, 3 bearish trades and 2 bullish trades for a total of 510 pips, 5 winners out of 5. Now the magic of the indicator is that it is both an entry signal and an exit signal, enter on cross exit on cross to maintain maximum pips. Personally i find relative vigor index very useful when used in conjunction with good trading ideas and good structure analysis.
BTC Powering Up — Enters A Trading Buy ZoneWe've had the yellow shaded area drawn since August and price has now finally come back into that zone.
Whether it gets rejected briefly back down or not, traders will be looking for entry positions ready for BTCUSD breaking out of a significant consolidation phase over the past few months.
First target is 14% at around $14,000... and then a re-test of the All Time High will not look very far away.
Brace yourselves. The bulls are heading this way.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
