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Weekly close outside of this range. What are odds of a trapExample: Create a signal - doesn't matter how. Create a range. Use A.I. to minimize whipsaw by optimizing signal and range. Execute A.I. strategy using both traded options and futures. Simple. CONSTRUCTION Created signal with two MACD's. One the default and the other customized. Start range when one MACD crosses to positive and close range when the next to cross to positive is the other MACD, and vice versa. Colored ranges represent different combinations of pairs. CAVEAT- small sample size. NOT ADVICE. DYOR. Have superimposed MACD's over SPX chart. Follow direction when weekly close breaks out of range. No whipsaw/trap so far. CAVEAT - small sample size. NOT ADVICE. DYOR.
BITFINEX:BTCUSDEducation
by UnknownUnicorn2181194
BTC - The Madness to my Method - Part 2Everyone's always talking about horizontal support levels, yet they're always moving targets or zones. I got fed up of it, and decided to dig in more. Turns out diagonal support and resistance levels are much more reliable, and they behave very much like the triangles you always see on traders' charts. If you want more detail on this, you can check out my original idea on this linked below. What's different here is I have decided to get rid of the horizontal supports altogether. If you load new bars on my original idea, you'll see that BTC moved very cleanly bouncing between my diagonal lines, so I'm sticking with those. This is my idea on how BTC might behave in the coming weeks. If you find it helpful, please Like the idea. Also would be great to Follow me so you can be notified of my future ideas. Do you agree or disagree with me? Do you have any feedback? Let me know in the comments. Disclaimer No Investment Advice Provided Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
BITSTAMP:BTCUSDEducation
by kkarmayogi
2
🥇 How We Use Our Strategy With Split Times. (Trading Strategy)👋 Hello, I hope everybody is having an awesome week with their trades! 😁 We here at MLT | MAJOR LEAGUE TRADER want to walk you through our time split system with the crossover strategy and the ema dots indicators. Let's take a look... So what we will be using in this example today is USO (United States Oil Fund) Top chart (12 Hour Timeframe) Bottom chart (1 Day Timeframe) All markets have trends and at the end of the day your job as a trader is to play the accumulation or the distribution zones aka turning points in the markets to ride the next trend. We use this color coordinated system to help identify when a turning point is taking place in whatever market it is that you're trading. You can apply this method to any chart timeframe. If you want to scalp the 30 min, then you would have a 30 min chart and a 15 min chart. Split the gimeframe that you are focused on playing. We use the split time for an earlier confirmation play to lead into a larger timeframe to secure that early entry for the bigger swing to confirm and play out. We also will use the split time to exit the trade when we get the sell confirmation. (Long / Short | Buy / Sell) Now let's talk about the process... Green represents an uptrend. Red represents a downtrend. When the 12 hour timeframe on top closes we will get either a green or red candle / ema dot close. Same with the daily chart on the bottom. Simple... So what we look for is the early entry on the 12 hour. We want the candle to turn green, preferably a doji. (Candle that looks like a plus sign, tight price compression) We want it to close green candle and all 3 dots below to align green with the close. If only 2 dots out of the 3 are green we do not enter! Same concept for red. We will get the signal for a buy on the 12 hour before we do on the daily meaning that we will secure a better entry price vs just using the daily by itself. Once you get confirmation on the 12 hour we hold that position and set a tight stoploss in case if it was to sell off. Once you take the buy you place your stoploss, diversify your funds and let it play out. If you get stopped out than you get stopped out. Take the trade and let it play out. As the 12 hour begins to close every 12 hours you will either see it start to form bigger green engulfing candles which shows buyers are pushing up the price, which is a good sign for your buy or you will start to see it shift towards going red which would obviously represent a sale or a short position. Your job is to play the turning points in the markets and play that turning point range till you capture the next move. Markets go up and down, they don't stay sideways forever. Risk a little on stoploss in the range play and ride the next long term move. Trading is a game of probability and risk management. Even if you don't understand structure, support and Resistance or all the more advanced tools of the trade this will help make it easier on you to understand as a trader. SIMPLE IS BETTER! 👍 I have drawn vertical lines to represent where the buys and sells all lined up from the candles to the dots. Those are your opportunities to enter on the 12 hour. Now if you look below you see that the daily actually stayed green from the very start of the first trade taken at the bottom of the trend on the 12 hour. The dots on the daily never closed red until the very top of the trend where we finally got all red to line up. That's another option to consider. You can use the split time to take more opportunities and trades for potential of trend changes. Or you can buy the first line up on the 12 hour and hold it till the daily is actually aligned red for a much larger swing trade position. If you did the second option you would of generated around 50% in gains from just one trade! I hope this helps anybody that is struggling with trading and wants to learn how to get early trend confirmation on a specific timeframe that you want to trade. Swing trade or day trade any market with this strategy! You can message me if you have any questions that you would like to ask. Please don't forget to smash that like button! ✌😁✌ Have a great day, Take Care! 🍻🍻🍻 🥇MLT | MAJOR LEAGUE TRADER
AMEX:USOEducation
by UnknownUnicorn2319099
6
Bitcoin | Ascending Triangle & EMA50..!!BTCUSD (Update) In Daily Chart, Bitcoin forming Ascending Triangle Pattern. Daily EMA50 acting As Strong Support (Tested 3 Times in last 34 Days) In Bullish Case, If Resistance (10.4k) got Cleared, Next Stop Would be 11666. If Ascending Triangle & EMA50 (9.1K) Broken Down, then Bitcoin Might Test the Major Support (8.2k) By the Way, Volume has been Decreasing Since 10 May (Halving Hype), Big Move Ahead So Be Ready for Both Bullish & Bearish Scenarios. What We Do Now ?? If You're Holding Bitcoin, Set Stop Loss Below Daily EMA50 (9105) & Wait for Triangle Breakout..!! In Longterm, Bitcoin Might Retest the 6666 Area Before Triangle Breakout, Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BITSTAMP:BTCUSDEducation
by Faibik
2
BITCOIN Retest of $8,000 - WYCKOFF DISTRIBUTION Tutorial Now, I wanted to take a look at something here. I am new to using the Wyckoff Method for the distribution phase of a chart's characteristics, So this for me is a lesson in time, I want to see how well our charting and recognition here actually come true. In this area, there are Phases A-E A fantastic write up here about this type of charting pattern. medium.com Quoted Misconceptions There are a lot of misconceptions around distribution but not quite as many as with accumulation. I imagine this is because people are naturally more bullish than they are bearish. The major misconception usually occurs with assumption that an asset that has been in a strong uptrend will automatically enter a period of distribution at its “top.” A little like accumulation (when a coin has bottomed) the first instinct should be to look for the Wyckoffian concept that supports the continuation of the trend. You should be looking first and foremost for signs of reaccumulation with a check on distribution. This is one of the primary reasons I enjoy charting with Wyckoff so much. It allows me to follow the trend and chart accordingly, but at the same time it forces me to check my bias and prepare for an option that may cause the end of the trend in the short, medium or long term.
Education
by Arcane-bear
2