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Bbtrend

Bear Flag w/Confirmed Bearish Break - EGHere I have EUR/GBP on the Daily Chart! Price gave a Bearish Break to the Ascending Channel which confirms we are seeing a Bearish Flag. -The Volume behind the Candle that Broke the Ascending Channel signifies that it was a Strong and Valid Break Being a Continuation Pattern, I suspect we will see Price Retest the Break of the Ascending Channel and continue Downward! -Looking for a retest in the ( .8430 - .8435 ) Indicators: - Price trading Below 200 EMA - RSI Below 50 - BBTrend Printing Strong Red Bars - Volume showing Bears accumulating
Short
by Novi_Fibonacci
Learn How To Trade Tradingview's new BBTrend Indicator! Introduction In this analysis I want to take a closer look at Tradingview's newly released BBTrend indicator. It's an indicator on the widely popular Bollinger Bands. You can find more information about the indicator here: www.tradingview.com Indicators are nice to use, but the most important question remains whether they are useful in trading or not? I want to present you a very simple, but powerful trading strategy using this new indicator. Indicators used - BBTrend: determine the best reversal entries. - 200-period EMA: assess whether we're trading bullish or bearish. Strategy Bullish: price should be above 5% of the 200-period EMA. Light-red BBTrend has to change in trend and become dark red. Bearish: price should be below 5% of the 200-period EMA. Light-green BBTrend has to change in trend and become dark green. Investment: risk 5% per stop loss. This means that you lose 5% of your balance if the stop is hit, but gain 15% once the profit target is hit. Stop and profit targets Stop-loss: place stop just above the most recent swing-high. Take profit: 3x the stop-loss distance. Results Win-rate: 4/8, 50% Profit: +42% (1.15*1.15*0.95*0.95*0.95*1.15*1.15*0.95) I'm aware of trading within existing trades, but for the sake of simplicity I use this easy profit calculation method. Final remarks This strategy works well in strongly trending markets due to the higher probability of the trend continuing the current direction. In periods of prolonged trading around the 200-period EMA it can get tricky to get a good trade in, hence we only trade once we're at least at 5% distance of the EMA. This trend-following strategy can be used on every asset and on every time frame. Just make sure to be consistent. Good luck!
INDEX:BTCUSD
by FieryTrading