Entrysignal
How to enter a trade at the right time! I get asked all the time about trading entries, so here you are, this is my strategy for how I enter trades based on price action, and while price action doesn't tell you the future, it enables you to read what is happening with the most important aspect on any chart, what is the market willing to pay for an instrument, the price!
This chart is a daily chart, I use long-term charts to find my levels (support and resistance) and what the trade is doing over a long period which impacts the short period, if you enter using charts lower than 15m, without getting a signal or level from a chart on a higher time frame, you have a high chance of risk and subsequent loss.
As this chart shows, we rarely miss trades, because there are so many opportunities to try again, and often lower-risk opportunities than trying to find the top or bottom of a move, this is suicide, we are not market movers, leave that to the hedge funds, banks and pension funds, we make money out of their moves, follow them, don't try to change the market or will it to change, you will lose YOUR money.
The Pin bar entry strategy has a high degree of success, it is not a guaranteed trade, they do not exist, but if you research your own charts, on a daily, 4h and 1h timeframe (not lower), you will see them being respected a high degree of the time.
The three try rule is my favourite entry, I use it everywhere, do not enter on the first move up or down unless there is a candle pattern that signals the entry, there are many. But once you have your long-term levels on a chart, and price moves back to that level, watch as volume (and confidence) declines, we get lower highs and the probability to enter a trade increases.
There are thousands of permutations of these entries, no chart is every the same, no entry without risk, but it's your job to find the highest probability trades with the least amount of risk, if you have any questions or comments, I'd be happy to learn or answer your questions.
BCHUSD 30M EFC STRATEGY INDICATOREFC INDICATOR
Shows open buy/sell signals
Shows close buy/sell signals for exit take profits
Shows Stop Loss
PM me if you are interested in reading about the EFC Indicator
AUDUSD - Respecting Rgresion Trend Channel - Long Opp As highlighted in the chart , the Aussie has been trending in a nice bullish channel on the weekly timeframe since Q3 2015 and we are currently seeing a test of trendline support which was last tested in December 2016 and preceeded a bounce from 0.71 to 0.76
Looking forward from today it would not be unrealistic to expect rates to cross the centre line which would take us to 0.786 as an interim target with max target currently 0.82-3 based on the grad,if we project forward using the angle of the last wave up we could expect to reach the target in 12 bars (84 days)
If we see a breakdown below the sloping support line then the author suggests stops to be placed just under the May 2017 dip (0.73285) which will give a risk reward of just above 3:1 on the trade , in the event of a drop below the trendline we'd like to see to see a strong bullish engulfing candle (see the Jan 2016 dip) to retain conviction in the trend dynamic.
Summary
Buy at Support on the regression trendline, initial stop at 0.73285, target 0.82-3, trail stop on close above centre line
LITECOIN 30M CRYPTO CLAW PATTERN STRATEGYStep #1 Wait for Bitcoin Signal indicator to issue an Up-green arrow – Buy signal or Down-red arrow - Sell signal.
Our proprietary indicator can issue clean and accurate buy/sell signals that can immediately make you a PRO cryptocurrency trader.
This indicator helps you analyze the market on any time frame in a matter of seconds.
We have a feature that will allow for pop up alert signals whenever a buy/sell signal is found so you won’t miss any Crypto trading opportunity.
Step #2 Place Protective stop loss above/below the Bitcoin Claw Pattern
The initial protective stop loss is always placed above/below the red box drawn by our Crypto Signal indicator.
You also have the option to trail your stop loss, a brand new feature we added to the Crypto Signal Indicator.
The way it works is that when you turn this feature on in the settings the indicator will continue to show you where to place your trailing stop loss. So that if your trade never reached your target, and it ended up turning against you, you will at least protect some of the trade since you locked in the profits.
Step #3 Take Profit when we break below Bitcoin signal channel
Our take profit strategy is straightforward!
Take profits and close your long Bitcoin trade once the Bitcoin signal channel is broken to the downside. If you use the built-in trailing SL function you can automate the whole TP process. Basically, you can accomplish the same results if you use the trailing SL option.
Note* The Crypto Signal Indicator has many more customizable settings that can make your life easier.
If you have any question PM me and I will be happy to help.
$Bitshares Moon CycleBitshares has been down trending in this falling wedge for the last couple months and we are finally nearing the bottom.
Price is starting to land on the trend line which will give it some support for the coming breakout of the falling wedge.
Here are my three targets that i will be selling at once price goes parabolic!
This coin is one of my personal holds and I see very bullish continuation to follow.
Don't miss out on the hype train, this ones nearing launch :)
EDO/BTC TREND ANALYSIS AND PRICE FORECAST| FEB 9 |EDO/BTC broke out of a long down channel and made a high of 32k sats. After doing some correction, the price is moving up back again and we can see a short term break out which can continue the upside trend. RSI has turned bullish while MACD is also showing a bullish divergence.
TRADE SETUP
BUYING RANGE : 31K SATS AND BELOW
STOP LOSS : 27K SATS
TARGET : 36K, 42K SATS
_____________________________________________________________________________________________________________________
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
__________________________________________________________________________________________________________________________________________
FOLLOW US HERE :
YouTube : www.youtube.com (FOR HINDI/URDU)
Telegram : t.me
Twitter : Check out Coin Authority (@CoinAuthorityOG): twitter.com
STEEMIT : steemit.com
Good luck! :)
$DGB Buy ZoneDigiByte just finished its first Elliott Wave sequence in it's new market cycle.
An ABC retrace is to follow which i expect it to drop into this buy zone.
Place low buy orders in the range i have listed as we get ready for the next wave ;)
₿itcoin to Bitcoin Cash Live Divergence Early IndicatorThe green with the blue fill is ₿itcoin's live price, The dark pink is BCH's dollar value and light pink being BCH/₿TC ratio.
I watch this price action closely so I can spot divergences on BCH's next rally, they generally track in the opposite direction ₿TC is dominating but when BCH is building up for a rally the price action begins to diverge prematurely temporarily tracking ₿TC's rally upwards opening up an easy to spot entry point. When they begin to diverge back to opposite movements BCH stops its price mirroring of ₿TC setting up your BCH exit point.
EXAMPLES
Showing price tracking to Bitcoin dominance then the divergence setting up a Bitcoin Cash entry
Showing current price movement
All of this should be used with your typical momentum indicators but it is an effective tool to watch in tandem.
Potential LONG Entry for AMDAMD has retreated from its 52week high of $15.65 and is trading at $10.73 going into next week. As indicated on the 1yr chart, it appears that they have dipped below the support trend line and are building a base there. However, they have managed to stay above their most recent lows, marginally, of $9.83. I think that AMD could either pull back towards the red line drawn on the chart (around $10 and then go into a prolonged uptrend based on the growth prospects of the company.) Although they have posted negative earnings, they are expected to double in the next year and continue to grow from there. We can also see that AMD's RSI and MACD are both showing buy signals which could further increase our confidence in this stocks revival.