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SPY and NDAQ looking to breakoutThe price on both charts are attempting a breakout of the previous resistance line. On this chart, you'll see we are currently testing a previous resistance line. The stock market could start to see a bullish rally for the next few months. We have CPI data coming out on Wednesday. Most investors will use this to see if Fed's will be dovish or hawish when it comes to fighting inflation. My opinion is that they will be dovish since we have seen inflation decrease in June. There are many people who still believe 75bp hike is gonna happen. Any rate hike under 75bp is bullish. August and September should be bullish months as well. Indicators showing bullish momentum: Stock price above previous resistance line MACD is green AO is about to cross zero line RSI broke 50 value, and looking to break again
CME_MINI:ES1!Long
by Trebor_Namor
3
Bitcoin Medium Term Analysis, Good Point to EntryMedium Term Bitcoin Analysis - HNS pattern possibility - Buy momentum with BB - AO divergence Entry : Buy market (High risk) Buy limit: 40.535 - 39.735 Target : Minimum TP 44.539,48 (12.03% with no leverage) TP1 46.388,50 (16.68% with no leverage) TP2 49.380,44 (24.20% with no leverage) TP3 54.221,41 (36.37% with no leverage) Stoploss : You decide Note: - TP2 area is on fibo 2.618 and MA200, very high probability to hit this area soon - Always do your own research!
Long
by Jalex03
How to trade with the Awesome Oscillator?Hello ,everyone! The Awesome Oscillator is the very powerful indicator, which can help to define the true market movement direction. Bill Williams used this indicator as part of the Trading Chaos system. He distinguish 3 types of signals. In this article we consider only long signals. Short signals looks like the long signals if you do exactly the opposite. Moreover, soon I will publish the indicator on TradingView which automatically defines the long and short signals. 1. Buy Signal “Plate” This signal you can see on the chart above. For “plate” signal we need 3 columns on AO histogram. The central one should be less than the two other. Another one condition is that all three columns should be above zero line. When we define the signal bar, we should place buy order in the one tick above the signal bar’s high. 2. Buy Signal “Two Peaks” For this signal we need all AO columns below the zero line. The first peak should be below the second peak. The signal bar is the next one after the peak bar as you can see on the chart. When we define the signal bar, we should place buy order in the one tick above the signal bar’s high.
BITSTAMP:BTCUSDEducation
by Skyrexio
5
EURUSD Bigger picture: A long and winding path to b or not to bOk the chart pretty much speaks for it self. I know there are those who believe that ECB will hike in sep-22 but sorry, that simply wont happen. Just because a Seagull can fly doesn't mean an Albatross automagically can. The dollar will crush the Euro, in fact it has already done so since 2009 and it will continue until we are below parity. In fact, or I believe, it's the only way this experiment has a chance to survive. The Euro is not the D-Mark even if some seems to believe so, just it's offspring and there is a sane possibility that it will transform back to it in the not so distant future. Ok that's my view and I'm sure there are many who disagree with me. Time will tell and this is only one possible time line in to the future.
Short
by viking-EW
1
EURCAD - Evergrade giveaway or what goes around in China stays iQuick idea in response to the just announced Evergrade default, although not sure it's really public yet. Ok my take is that "what goes around in China, stays in China", the rest and it's really not much, is just a part of investment and capitalism - it has something called a risk element, and it sometimes leads to defaults. Companies default every day around the globe. This with China is just blown up, and it's gripped with fear, because most is hidden, but fear is poison to your trading account as it least to panic and bad decisions. Tempted to take this trade here, but due to current exposure I prefer to wait to see if we will come higher, if not I am fine.
Short
by viking-EW
2
CADJPY wave 2 pullback tradeSimple trade based on a wave 2 38.2 fib pullback into 1h tunnel, if it gets that far. Possibly, with bravery, the trade could be taken already at 23.6% but it's important the pullback is in 3 sub waves. If not, even at 38.2 we may get a deeper dip into 61.8%, so this is something to look out for before getting into the trade. TP can be any high to the left of your choosing although I think there is potential to go really high, but taking partial profit is never wrong. Also look at idea for the bigger picture in Related ideas.
Long
by viking-EW
CHFCHF bullish impulse in 5 wavesIf you have seen my other idea for the pair you know that I'm already long from the bottom. So this idea is mainly to show where I may consider to add to that trade. Price finally spiked higher and nudged past my confirmed bullish level, in 5 waves (this is important) and as it did so it also made a bullish impulse noted by 2 sequentially higher highs with higher AO blocks and at the same time overtook at least one internal and one external high. An external high is a peak "on the other side" with price trending in the other direction. So now I'm basically waiting to see what price will do. WE already get a retest of the TL break as I was preparing this idea, but I drew an arrow for it anyway on chart. Otherwise it reminds pretty much of my CADJPY idea, so you can have a look at that one as well. My first level to really consider is a retest of the 1h tunnel.
Long
by viking-EW
¿What is Awesome Oscillator? - Guide Part 26Bill Williams's Awesome Oscillator Tactic is a promotion plan that takes advantage of the most instantaneous trend. This tactic is similar to our dissolution triangle tactic. This is because it will only give you access signals once the promotion confirms the cost action change. Momentum trading tactics offer traders a simple way to exploit short and medium term trends. Our team at Trading Strategy Guides goes to great lengths to develop tactics that bring you huge profits and small losses. Essentially, this means that from a hazard management view, you will continually operate with a preeminent hazard / reward interaction. The AO (Awesome Oscillator) indicator was dubbed the "super indicator" thanks to the incredible results that certain traders had when using it. The Bill Williams Awesome Oscillator Tactic can be used in different markets, including Forex trading, commodities, indices, and currencies. The beloved time frame for Bill Williams' Amazing Oscillator Tactic is the daily time frame. This is because, after extensive research and backtesting, our Trading Strategy Guides team has learned that the daily time frame creates the best performance. Now, if you are an intraday trader and you love getting in and out of your trades quickly, don't worry, we have your back. Our Favorite Daily Trading Tactic Daily Trading Cost Action - The easy cost action tactic can teach you how to trade profitably in any market. Also, read about Forex mentors and the best investment you can make. Before moving on, we need to conceptualize the indicators you require to trade Bill Williams' Awesome Oscillator tactic and how to use the Awesome Oscillator indicator. The unique indicator you require is the: Amazing Oscillator Indicator. What is Awesome Oscillator Indicator? The Awesome Oscillator indicator is a histogram, which is similar to the MACD indicator, that shows the market promotion of a current number of periods compared to the promotion of a larger number of previous periods. If you are interested in learning more about the MACD indicator, we suggest that you study the MACD trend-following tactic - an easy-to-learn trading tactic, which is a turnkey trend-following plan. What is the amazing oscillator setting? The Awesome Oscillator indicator uses a built-in default setting of 5 to 34 periods. So how does it work? Well, the histogram for the Awesome oscillator indicator (see chart below) is derived from the cost chart. The Awesome Oscillator histogram is a simple 34-period moving average. This histogram is plotted using the center aspects of the bars (H + L) / 2, and is subtracted from the 5-period simple moving average, represented by the center aspects of the bars (H + L) / 2. What is the awesome oscillator formula? Average price = (High + Low) / 2. Awesome Oscillator = SMA (Median Price, 5) -SMA (Median Price, 34). If the AO histogram crosses above the zero line, that is indicative of bullish encouragement. On the other hand, once it crosses below, that is indicative of bearish encouragement. How to use Awesome Oscillator Indicator? Bill Williams' Awesome Oscillator is a versatile indicator that can be used to: - Exploit trends - Calculate the market boost - And anticipate probable trend changes The simplest and most direct way to use the Williams Awesome Oscillator is to cross the zero line. However, there are other unique signals such as the Awesome Oscillator saucer signal or the Twin Picks or bullish bearish divergences. If you are curious about the strength of these AO signals, read on. So let's move on! How to use the Awesome Oscillator Zero Line Crossover Simply put, the zero line crossing measures the change in market encouragement: Once the Awesome Oscillator crosses above the zero line from below, it suggests bullish encouragement and a viable trend reversal. Once the Awesome Oscillator crosses below the zero line from above, it suggests bearish encouragement and a viable trend reversal. See the AO table below: Bullish Crossing: Bearish Crossing: Once the AO crosses above the zero line, it shows that short-term support is increasing faster than long-term support. This information is drastically effective as a change in trend direction will consistently appear first in the short-term trend and then spread to the long-term trend. Clearly, this is a sign of change. Now, you may be familiar with the zero line crossing signal, as this is a common trading signal with various technical indicators. However, the Awesome Oscillator tends to offer far fewer wrong signals compared to other oscillators. See the AO table below: MACD vs AO I use more MACD to trade on a daily basis. AO is a good way to also be able to visualize trading, but beyond that, I consider it a good tool to be able to exit at an exact moment from a holding asset. Mostly 1d, 3d or 1w graphics. The MACD does not generate false signals, it generates movements that happen in the price, since, if they exist, however, these movements do not necessarily change the trend. AO is somewhat more complex and is usually slower, so it usually takes time to indicate changes. If you want to learn how to modify AO settings yourself, simply click on the TradingView gear icon, AO Style and choose columns instead of the histogram. As you can probably see, the amazing oscillating saucer measures short-term changes in trend speed. In contrast, the bearish saucer signal occurs when these four conditions are met: The AO histogram is below the zero line. We have 2 consecutive green bars The second green bar is lower than the first bar The third bar is red and lower than the second bar See the currency table below: Step 1: Identify in what period I plan to operate. Step 2: I complement myself with other indicators for an easier and simpler use. Step 3: We apply AO and we complement each other. We try to identify supports and resistances and enter a zone according to where the trend is heading, be it a continuation or change according to the period of time. Step 4: We manage our risk and place StopLoss. Step 5: We take profit of 50%. And we let it run. (Theory of holding positions, but ensuring profits). And the rest of the position we let it run with a stop in profits with a large loss of those same profits.
NASDAQ:NDAQEducation
by UnknownUnicorn18500526
3
Awesome OscillatorThe Awesome Oscillator (AO) is displayed as a histogram showing the market momentum based on a comparison of the simple moving average (SMA) of the last 5 price bars median to the simple moving average of the last 34 price bars median. MEDIAN PRICE = (HIGH+LOW)/2 AO = SMA(MEDIAN PRICE, 5)-SMA(MEDIAN PRICE, 34) When the momentum of the past 5 bars is weak compared to that of the 34 bar period, the AO displays this shift as a red bar. When the recent 5 bar momentum is stronger, the AO displays the shift as a green bar. The AO displays these shifts by a series of red and green bars. Series of red bars indicate declining bias. Series of green bars indicates rising bias. Related to the AO are Zero Line Cross Over , Twin Peaks Patterns , and Price/Momentum Divergence . When the AO is added to other technical indicators, such as Divergent Bars and Bollinger Bands, traders are able to assess which way a stock is likely to move. The AO can help see what is coming! Zero Line Cross Over When the AO crosses over the zero line, moving from above the zero line to below the zero line, this is a declining bias indicator. A rising bias is indicated when the AO crosses over the zero line, moving from below to above. Twin Peaks The Twin Peaks pattern indicates a declining bias when the AO forms a series of green and red bars where each transition from green to red (a peak) is smaller than the previous peak. A rising bias is indicated when the AO forms a series of green and red bars where each transition from green to red (a peak) is larger than the previous peak. Price/Momentum Divergence Declining Bias - When the AO shows declining momentum and, during the same time period the price of the stock is showing a rising trend (higher highs and higher lows), there is divergence that is forecasting an eventual decline in the price. When momentum weakens, price may still rise for a period however, without momentum the price will snap back because there is not enough buying volume to maintain the upward price momentum. Imagine a rubber band stretched between the two ends of the “V” formed by the two trend lines. In the chart example above, you can see the strong divergence between rising price and declining momentum. The price ended up snapping back in line with the AO and then continued to move lower. Rising Bias - When the AO shows rising momentum and, during the same time period the price of the stock is showing a declining trend (lower lows and lower highs), there is divergence that is forecasting an eventual rise in the price of the stock. When momentum strengthens, price may still decline for a period however, eventually increasing momentum will push the price higher.
SP:SPXEducation
by NewCycleTrading
9
BTC Correction Coming to End, Ready for ATH (Elliott Wave)BTC appears to be completing wave-E of a contracting triangle with reverse alternation which began almost 2 years ago. We're hitting multiple time targets right now, including the time target for the end of wave-E, wave-c of E, and wave-5 of c of E. There's also perfect time, price and complexity relationships between all waves at all observed timeframes. We also have multiple bullish momentum divergences on several different time frames. The ultimate target for the following bullish wave should take us well above ATH, and we could possible go as high as $100,000-200,000 by the end of next year. This will likely be relatively small gains percentage wise, when compared to most other cryptocurrencies which will likely experience percentage gains that are orders of magnitude greater than BTC, mainly due to the fact that BTC is reaching its scalability limits and it lacks smart contracts, and it's also the most over-crowded cryptocurrency trade you can make.
COINBASE:BTCUSDLong
by Intuit
EURUSD 1D AWESOME OSCILLATOR (AO) STRATEGYLong Trade AO below Zero Line AO creates a Low AO then creates a Higher Low ENTER after AO bar closes Green Short Trade AO above Zero Line AO creates High AO then creates a Lower High ENTER after AO bar closes Red Stop Loss is 1.5 x ATR Take Profit is 1 x ATR 1 - Trade Management 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st trade TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price.
Education
by Tradingstrategyguides
BTCUSD vision, advicdes, strategies.Hello:) First i`ll say few words about situation right now. We are in the previous resistance, we didnt brake it, we made some divergence on indicators, but watch out: same situation was on the last week (circled and pointed on macd). So, if they are similar, so black arrow shows the possible movement. Nobody can say how it will behave itself, but i believe resistance will not be broken. How to trade now? i`ll say it further id the educational part that i promised!:) Today i want to give you some useful info about how we can trade in such situation. First, i want to say about one thing, that should be never been forgotten: support and resistance. Yes, simple. Very simple. But most of traders belive that their succes depends on confusingly difficult instruments. And that is not true.(same with triangles, but tsss :D, P.s explain later) Look on the grafic, and for example at the zones that i marked yellow. They shows really good how it works. It doesnt matter what kind of movement do we have, up or down: previous levels, where the prices stoped will surely affect following picture: prices will bounce around them. This was said to realize one thing: indicators dont work on their own, they just help us to make a decision and sometimes they can tell us about impulse, that rises an opportunity to break present levels. So, what is important about trading whith indicators? I noticed some really strong signs, that tells about turn of price: 1. Divergence should be formed in with free indexes: AO columns, MACD columns and MACD grafical constituent. This is the stongest sign of the turn. Example 2. Volume decreasing, that means that bulls/bears are not interested in buy/sell and they are losing their strength. But dont use small timeframes when you want to measure volume. My experience says that for the intraday 1-4 hours (in comparrison) are the best. 3. Usually it takes 2-4 waves to form strong enough divergence to make a turn. Also, there are some thin moment in indicators analasing. Sometimes it can be useful to analyse the single columns in macd and ao. Take some last min/max on graphic and watch the indexes on macd/ao. It can help to track some minor movements like this, but this sign is not strong enough to trust it much, but you can use it placing stoploss very near to your order. And the final part for today is the thing, that i realised about 20 hours ago:) Did you see on youtube that succesful traders usualy have 2-4 monitors? Turned out that it`s not just farce:))) I have not very good tradition: i usually miss some good movements:) And i realized the stupid reason of it: it`s very difficult to observe chart from the one window, where you always switch timeframes. This way you cant summarise compare indexes well or summarazi them, because of using different graphic scale and because indicators show the situation in different ways. I prefer 15 min timeframe for the intraday, but the general situation on the market is the most important thing, and when i cocentrate on 15 mins i cant objectively evaluate the situation. And the exit is simple too: create more windows for every timeframe:) For one monitor the most comfortable variation is the next: two vertical windows, one for the 30 mins till 2 h timeframes to switch, and second for the 3min-15min timeframes to switch. First one helps us see the general conjuncture, second one helps us to make an accurate order. That is because, as i said above, different timeframes shows different indexes for the indicators. Big timeframes helps to find the movement with good amplitude, small timeframes helps to take an accurate swim in this flow.
BITFINEX:BTCUSD
by IvanGuskov
Bitcoin short stairs jumpGreetings! Today we made one more step down. Good sign:) Recharging on indicators, now we are going to local resistance i guess, then down one more time. Seems like good time for intraday, but my observations says that it`s not the best idea to play against the movement. So you you want to take long until the local resistance make sure you did low risk stoploss. (max 2% from dep or lower) For the case im reading Alexandr Elder: Trading for a living. By "for the case" i mean that i try to fill the spaces in my knowledge, because i was studying with the help of google and i had no system in information. This book has it, so for the newbees it can be quite usefull, but you should know some basic trading terms. As for me: i read half of the book and i didnt find much new info. But i think, that when you reading and watching for the charts of pro traders is usefull, because you have a chance to see something, that pro didnt see and you can create something new, because it is easier to modernize the existing, than invent something from the very begining. So, good mood for everyone. Thank you for attention. Till tommorow:) P.s: Tommorow i will write some educational post i think.
BITFINEX:BTCUSDShort
by IvanGuskov