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Bill Williams Indicators

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
MBII Potential Bullish Breakout Ahead? #BTCI have a theory on Bitcoin. I noticed that a good amount of marijuana stocks turned Bullish right around the time that Bitcoin turned Bearish in beginning of 2018 My guess is that the market movers were taking their gains and then pumping it more with mj stocks So this setup will be interesting to follow. Because Bitcoin is nearing a potential Bear market Will the pattern repeat if Bitcoin fails at it's support level? This is a risky trade and mainly trying to document the theory Always set tight stop loss on these type stocks.
MLong
by Craig_Claussen
$SPY Careful Kings Bearish DivergenceWhat's interesting is IWM looks bullish, while SPY appears bearish to me in the short term. They never make it easy, and with big numbers coming out (GDP, Jobless Claims, Oil/NG inventories, etc.) tomorrow we could see a pop then a drop. Bearish divergence leads me to be bias towards 456 zone in the next 1-5 trading days similar to May 4/5 price action. I'm hedged short with SPY puts, with other longs in the longer term (DEC and 2022 Opex) looking to go Net long after indicators show bullish confluence.
AMEX:SPYShort
by FriscoTrades
Long GOOGL @ 2942.53Long one @ 2942.53 today. Price has crossed the red line upwards, while taking out the 2925 fractal (which is valid as it is above the 2919 red line). AO is below the zero line, which shows good energy build up for a possible upward move. Stop loss will be a close below the red line, so risk is limited. Adding 5 if price takes out the 3019 fractal, or any other Williams signal. Weekly has taken a rest and it is still above the red line, so it is not against the daily momentum.
NASDAQ:GOOGLLong
by ownsov
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
EURUSD The bigger picture: Born into a 25 years flat correction?This idea looks at EURUSD as born into a 25 years Grand Super Cycle Flat, originating at the Euro's release as a real currency with a 5 waves Super cycle as wave A, and now correcting this motive wave in B with a so called Complex Combination (WXY). The talk of parity has been on the table several times, just to die out, because most of market commenting is short sited in scope, but I think we are now approaching that phase of the pairs existence. In my view, the Euro simply has to get back to parity, and lower, to survive in it's current form, to restore the zones internal competitive balance. It's either that or "braking the back of the Camel" so to speak, which means that either it will transform into a 2-tiers currency (how now that will be done or look like) or some countries will be forced out one way or the other. As usual in nature, the path of least resistance will win out and that in my view means parity and below , then a rebuild from there. Of course, this is just one idea that can be spun out of the last 20 years price action, and as always, the future path of price is never kept hostage by the past. So as with all EW counts (or other types of projections), this can only be probability at best.
Short
by viking-EW
USDCHF The bigger picture: The long and winding road to nowhereBetween July 2001 and Aug 2011, USDCHF saw a constant depreciation (CHF strength) with just a few significant corrective rallies. At the end. it had dropped with 11k+ pips as it bottomed at 0.70668 (may vary from feed to feed). That was an insane 10 years of bear droppings. Since then, it has as most recovered a bit more than 3000 pips, which isn't even 38.2%, and all in all moved in a sideways, apparently endless correction to nowhere, mostly within a 1600 pips range. This has now gone on for more than 10 years and is probably one of the longest corrections in market history (although I haven't checked that). In this idea I have marked up this correction as a so called "Complex" labeled with WXY, and as you can see there are complexes within complexes as this is 10 years of chop chop overlapping price action, mostly in 3 waves type of structures. Right now price is moving in an interesting, and many times contested, price zone and it feels that it's high time to make this in to a correction worth the name by at least reaching the 38.2% fib level. That would also mean that (y), the last major wave in this mastodon correction started to come in to shape. The first step in that process, or maybe it could be called "project", would be to break the trendline coming down from the Apr/May-19 high, which could happen somewhere between 0.9250-0.93. Of course, to start with bulls need to take a stand and maybe can be helped by the fact that the winter is coming motivating bears into hibernation.
Long
by viking-EW
NZDJPY The bigger picture - Squeezed in a multiyears triangleFrom the wave created by the 2007 ATH to the 2008 global crash and ATL the pair's price action has hammered out a large multi year triangle, currently in wave D as shown on the chart. Price is expected to move higher the coming year or so, before the final correction in to wave E and completion of wave B in a large 3 waves flat pattern. Of course, we cannot be sure which path price will take from here, and in all honesty there are other possible Ellitowave counts. However, this is the one that looks most plausible to me as it also points towards that we eventually not only will complete this pattern around 2024 but also finally get out of the global financial crises that was initiated 2008.
Long
by viking-EW
2
UST 10Y yield on a climb towards 2%I don't trade Treasuries but it's important to keep track of the yield, especially for the USD and if you trade xxx/jpy crosses. The 10 year yield is currently hammering out a complex pattern as wave b in a larger correction, where the last sub wave is expected to reach the 2% area, maybe slightly below, maybe slightly above, before it heads down towards the zero bound - if my count is correct. I expect that to be reached around the 2021/22 change but possibly it will take longer.
TVC:US10YLong
by viking-EW
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
Bitcoin – is the correction over?Hello, everyone! When we are waiting the next BTC pump? To answer this question let’s take a look at the Elliott Waves structure on the price chart. I am sure that Wave 3 have been already ended, because the fractal, squad bar, maximum value at Awesome Oscillator and target zone for Wave 3 was reached. Now the price is forming the Wave 4. It looks like that the Wave 4 is the triangle correction, which did not reach the Wave 4 target zone. It is absolutely normal for the Wave 4, thus I am sure that significantly lower the price is not going to drop. I expect the sideways movement in the Wave 4 some more time. The obligatory condition of Wave 4 end is the Awesome Oscillator and zero line crossover. After that the Wave 5 is going to begin. It’s minimal target is calculated as the 61% of the price difference between Wave 1 start and Wave 3 end, measured from the lower price of Wave 4. Now this target is $81500. I will do the update when the analysis changes. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
8
CADCHF Buy continuation after bullish impulseBoC gave us a bullish impulse taking out the 0.74541 high, which confirm the end of blue wave 4. AO also tells us it's an impulse and since we have had 3 corrective waves. I like to buy it here at the 15min tunnel as the impulse penetrated right through it. It's a bit risky though as the AO block haven't closed, which I normally would wait for. As this is a 15m trade, I would then look for 3 corrective blocks on 5m, a condition that hasn't been fulfilled yet. As I'm pretty certain about the future direction, I will take this trade anyway, well aware that we might drop down to the 61.8 fib level, which is common for wave 2 and would then add - in case my criteria have been fulfilled.
Long
by viking-EW