Bill Williams Indicators
Up. Target $0.20RSI, %R and BB are simultaneously signaling of a possible growth. Well-defined support and resistance levels are also confirming that. The nearest target level is $0.20. We had previously predicted Ripple's long-term growth and we continue to stand by it. Therefore, we recommend to go long with a target level of $0.30.
Long positions. Targets $300, $400On the generally growing markets it is a good idea to buy at the moments of temporary decline. Now 3 indicators altogether are in the oversold area. The Chinese market's misfortunes will be taken in consideration and the price will continue its growth. We're setting the targets at the resistance levels $300 and $400.
Long position. Targets $340, $400On the generally growing markets it is a good idea to buy at the moments of temporary decline. Now 3 indicators altogether are in the oversold area. The Chinese market's misfortunes will be taken in consideration and the price will continue its growth. We're setting the targets at the resistance levels $340 and $400.
Long position. Targets $4000, $4400, $5000On the generally growing markets it is a good idea to buy at the moments of temporary decline. Now 3 indicators altogether are in the oversold area. The Chinese market's misfortunes will be taken in consideration and the price will continue its growth. We're setting the targets at the resistance levels $4000, $4400 and $5000.
Long Gold For U.S. Market OpenDue to the shortened trading session yesterday, a big swing up in Gold was muted, in-part of the U.S. having limited trading hours on the futures markets.
Based on the technicals, it seems like Gold has put in a bottom for now and is undergoing a short-term trend-reversal. Until it trades at 1336.8, I'm neutral here (long position but neutral outlook for it).
The CM Williams VIX Fix is showing that a temporary bottom formed a few minutes ago. Around 1336.8, we should see the money flow turn positive (CMF)..from there it could rip for a bit. we'll see.
Long position. Target 0.000075The price has dipped to the level of 0.000065 for a bit and then returned closer to 0.00007. If you look at the order book, you will see that it is quite a crucial point for the sellers, and they are not giving in, despite the balance being heavily skewed towards sell orders. Due to the recent spike of BTC the correction is imminent, so It is a good idea to exchange some BTC for NEM. The correction will increase the Altcoins capitalisation, NEM, among others.
As of now, the Stochastic RSi is close to the oversold area. ADX shows a moderate uptrend and there are no signs of reversal. The target is at the resistance level of 0.000075.
Opening IWM Sep 15 Oct 20 136 Put Calendar Spreadwww.tradingview.com
Often do but have not had a position in IWM lately so here goes. A little movement could favor this trade but it is mostly neutral.
I have drawn a daily trend line and am using 3 indicators - trying out updates to Williams percentR and a new Pivot HighLow and will update/publish
after trading with them a while. While having fun with indicators I mostly believe that flipping a coin 2 out of 3 would be nearly as accurate in that
nothing an indicator tells us has any effect on what the price will do tomorrow.
8-16-17 Open Sep 15 Oct 20 136 Put Calendar debit 1.46 ($146) 1 contract. Will trade the short and long each to reduce the debit/break-even and record
the updates here. Spot at open 137.70, Theta .7 and delta -7. Thanks to user NaughtyPines for great examples of this kind of trade.
Long XOP? Trend break, double bottom, news and indics agree.www.tradingview.com
Recent buzz has been growing that XOP could rally so I have been watching it. Almost pulled the trigger at 2:55 - end of option session local time but did not have my head wrapped around it. I do not mind trading quickly but it is easy to make clostly mistakes (how do I know that?) so I try to have it completely clear when commit.
I have published some of the indicators, they all need updating now. Holler in comments with any questions. Thanks and Keep Smiling!
- News: Dollar creeping down, world oil inventories/production and general buzz draws attention so if a crowd will gather I want to be in and out closed before the excitement dies down. Plan with me is -take $ off of the table and limit risk exposure.
- Down trend is broken and just passed a double bottom plus price picked its way through some historical resistance.
- Williams per cent R 21 period with 13 average has signal above average, above mid range and into so-called overbought. The top line color green tells me the
four period Random Walk part of this indicator is greater than 1 positive.
- The Hull MACD is inconclusive in the macd part while trend break is tested but the back colors tell me the Force Index is above zero (bullish) though it just turned light green meaning it went from up slope to down slope - again testing trend and resistance - we will see how this price passes the direction quiz tomorrow :-) .
- Finally got a four time frame Exponential Moving Average pairs ribbon working the way I want. Inputs here default 9 and 15 period exp. moving averages in each of four time frames (here at default 5, 15, 60 and D). Showing here 5 and 15 pull backs - 60 and day advancing. Be interesting to see if price tags along now! This indicator displays a column of 4 circles; top is shortest time frame; color is green if fast moving average is above the slow else red.
USD/PLN 1H Chart: Descending TriangleUSD/PLN 1H Chart: Descending Triangle
The American Dollar is losing value against the Polish Zloty in a pattern that has the features of a descending triangle.
An impulse necessary for its formation was given by an announcement of the US Federal Funds Rate on Wednesday.
In theory, the currency rate should exit the pattern in the southern direction.
On validity of this scenario indicate combination of the 20-, 55-, 100-, 200-period SMAs and the weekly PP that exercise pressure on the pair from the top.
On the other hand, the lower trend-line coincides with the monthly S2 at 3.6160, which has already proved to be a strong support barrier (6 prior rebounds).
Besides, there is a chance that even if the pair breaks downwards, the fall would be stopped near 3.6107, to which point out three William’s fractals.
AUDUSD 30 m Channel Break Short "Break-Hook-Go"This is great example of a Break Hook Go entry on price breaking a trend line. SL above the ma's. TP is a resistance level. This is also an entry on our Bill Williams Awesome Oscillator (AO) strategy. There is divergence in price with a higher high but the AO is diverging downward creating two twin peaks. You enter this trade when the first red bar of the AO is below the 0 line.
We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook.
Watch and try our new “Five Candle Mastery Trading Strategy”. It is available now on our website.
New Short Reversal on AUDNZD 1 H - lower lows lower highsI tried this pair yesterday with the Bill Williams Awesome Indicator Strategy but my rule four (enter when AO crosses 0 line short and paints first red bar) kept me out of the trade. This saved me from getting into a trade when the pair wasn't ready to short and the timing was wrong. Today I see that a new reversal short trade is setting up again. On the 1 H chart I see several lower lows and lower highs. My Macd is overbought. I am entering with a sell limit just below the 50 level @ 1.0547. Early this morning the pair spiked down to 1.0494. So I want to bank my money early, I am closing all my positions at 1.0503. The Day and 4 H charts show TP levels @ 1.0480 and 1.0450 areas (resistance on 1 H shows current resistance around 1.0460 area). Watch 15 m chart when price is around these TP areas for your exits. We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook.
Bill Williams Awesome Oscillator Trading Strategy on AUDNZD 1 H I am waiting for the Awesome Oscillator to cross below 0 line on my 1 H chart. As soon as the 1st red bar post I will enter. I will exit when two consecutive green bars display on the AO. This has the potential for a big move. On my MT4 I have additional entries at these levels - 1.05449, 1.0527, 1.0507. These entries were based on past Sup/Res levels. My exit for all of these additional entries is 1.0480 based on a past res level.
BABA: Update, Strength Likely To ContinueSince I recommended BABA-on June 7th the stock is up 20 points (17%).
There is likely to be "backing and filling", but I believe the up-trend in-BABA will continue for the rest of 2017.
If you are looking for a target, my preliminary goal would be $165-$170.
From a technical standpoint, Here are the positives for-BABA:
1. Currently multiple buy Fractals.
2. The top upper indicator is a 34 day moving average, and this is positive. Very strong.
3. The alligator is feeding in the uptrend.
4. Prices are trading above the Ichimoku Cloud .
5. The Forward Momentum indicator (lower top) is strong. **
6. The Ichimoku Cloud is rising.
7. The 233 day moving average trend line is rising (this is a Fibonacci number).
8. According to Bill Williams, you can establish an entry point, again and again, with each new valid Fractal.
9. The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long. But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
** The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
BABA-has consistently been strong. Their P/E multiple is around 20. I believe this is cheap for a company that is growing at 40%.
May all of your trades go well.
Don.