High-Probability SWI20 Longs with 57.78% Achieving TPI am adopting a probabilistic approach to my trading strategy based on historical and statistical data.
This method allows me to identify patterns and trends that have proven effective in the past, enabling me to make informed decisions about entering long positions.
By applying mathematical rules derived from historical performance, I can assess the likelihood of price movements and manage risk effectively.
This systematic approach helps to minimize emotional decision-making and enhances the potential for successful trades.
Key Fundamentals Supporting a Bullish Bias:
- Swiss Economic Resilience: Despite global economic challenges, Swiss equities are showing signs of recovery, with the Swiss SMI index rising 2% this year, indicating a potential bullish trend ahead.
- Central Bank Policies: The Swiss National Bank (SNB) has indicated a favorable inflation outlook, which could lead to supportive monetary policies that benefit the stock market.
- Currency Dynamics: The recent correction in the Swiss franc may ease pressure on exporters, potentially leading to improved earnings for companies within the index.
- Investment Inflows: Swiss-domiciled funds have recorded their highest net inflows since 2022, reflecting growing investor confidence in the Swiss market.
These factors collectively support a bullish outlook for the Switzerland 20 Index, aligning with my trading strategy.
2W:
HOURLY ENTRY:
Freeindicator
Why EURUSD is Plummeting and How You Can Take Advantage of ItI am adopting a bearish bias on EUR/USD and will leverage probabilities derived from statistical and historical data to position myself for short trades.
By analyzing past market trends and current economic indicators, I aim to make informed decisions that enhance my trading success.
Key Fundamentals Supporting a Bearish Outlook:
- Interest Rate Differentials: The U.S. Federal Reserve is likely to maintain higher interest rates, which strengthens the USD against the EUR, especially as the European Central Bank (ECB) may consider rate cuts in response to economic challenges.
- Economic Performance: Recent economic data indicates that the Eurozone is facing significant headwinds, with disappointing growth figures that negatively impact market sentiment.
- Market Sentiment: Current market sentiment leans bearish towards the euro, with many traders already positioned short. This collective positioning could lead to further downward pressure on the EUR/USD pair.
These elements provide a solid foundation for my bearish outlook, making it an opportune moment to enter short positions.
1W:
HOURLY ENTRY:
If you require additional clarification, or wish to share your thoughts, don’t hesitate to drop a comment below!
👑 THE UNCROWNED BEST INDICATORS PT.1That's the Part.1 of my collection of Uncrowned best indicators for trading.
I choose to call this post " uncrowned " because these indicators are firstly free resources and second well utilized and combined are much better than most of the paid indicators.
Often the best indicators are forgotten just because seem too basic or have no marketing behind them.
I can assure you, the top perform algorithm traders at least use for sure one of these 5 indicators. ( or more.. )
Making a great algorithm requires time to find the right combination of indicators and patience in backtesting.
If you don't know some of these indicators, I suggest you have a look, you can find them for free here in Tradingview.
N.1 AROON
The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't.
The indicator consists of the "Aroon up" line, which measures the strength of the uptrend, and the "Aroon down" line, which measures the strength of the downtrend.
The Aroon indicator was developed by Tushar Chande in 1995.
Here is an Idea of how to use it, very basic. You can combine this indicator with your own favorite ones to create your best strategy.
Check the settings to find the right setup.
N.2 STOCH RSI
I personally love The Stochastic RSI. This indicator as the normal stochastic shows ranges between zero and 100 and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold.
The StochRSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.
The StochRSI was developed by Tushar S. Chande and Stanley Kroll and detailed in their book "The New Technical Trader," first published in 1994. While technical indicators already existed to show overbought and oversold levels, the two developed StochRSI to improve sensitivity and generate a greater number of signals than traditional indicators could do.
The StochRSI deems something to be oversold when the value drops below 20, meaning the RSI value is trading at the lower end of its predefined range, and that the short-term direction of the underlying security may be nearing a low a possible move higher. Conversely, a reading above 80 suggests the RSI may be reaching extreme highs and could be used to signal a pullback in the underlying security.
Along with identifying overbought/oversold conditions, the StochRSI can be used to identify short-term trends by looking at it in the context of an oscillator with a centerline at 50. When the StochRSI is above 50, the security may be seen as trending higher, and vice versa when it's below 50.
The StochRSI should also be used in conjunction with other technical indicators or chart patterns to maximize effectiveness, especially given the high number of signals that it generates.
N.3 ATR Average True Range
I think the ATR is the base of any algorithm or at least every algorithm trader has at least one setup with this indicator to calculate the Stop loss or the Take profit or both together.
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.
The ATR may be used by market technicians to enter and exit trades and is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.
The ATR is commonly used as an exit method that can be applied no matter how the entry decision is made.
N.4 The Bullish and Bearish Engulfing
Well, this indicator, free by tradingview show exactly the presence of Bullish and Bearish reversal made from Engulfing pattern.
It can be a great confirmation indicator for your strategy if used together with other indicators inside your algorithm.
N.5 WAE - Waddah Attar Explosion
Last but not least, an incredible free indicator. Great for confirmation entry as well as Volume and trend direction.
Trading volume can help an investor identify the momentum of a currency pair and confirm a trend. If trading volume increases, prices generally move in the same direction and can provide a heads-up if volume diminishes. Once volume begins to diminish and the fuel for the trend starts to dry up, a reversal or ranging market may be on the horizon. This particular volume indicator has only three components to interpret, visually straightforward, easy to understand, and user-friendly.
I hope at least one of these Five uncrowned indicators will become part of your arsenal.
Please, support my work with likes and comments!
AUDUSD📉 Technical Analysis by CeoCodes
👋🏼 Hello Traders, Welcome to Technical Analysis for Gold live chart to track the latest price changes & predict price movements.
–
Follow Ceo Codes 🎖
CURRENT LEVELS:
🟡 Support➔➔ 0.7758
🟣 Resistance➔➔0.7658
🎯 Target➔ ➔0.7758
☠️ Stop Loss➔➔ 0.7658
CURRENT EVENTS:
AUD/USD extends gains above 0.77 amid risk-on mood, ahead of Biden's inauguration
👉🏼 Here is the @CeoCodes technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the @CeoCodes strategy will trigger.
Thank you! 🙏🏼
Have A Great Trading Day!
Ceo Codes
Japanese Candlestick Cheat SheetThe simplest ways to use Japanese candlesticks & Fibonacci is with support and resistance levels.
... So lets code them together to get a smoother price action picture.
Heikin Ashi + Fibonacci = SIMPLE & CLEAR PRICE ACTION!
Japanese candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes – whatever you want!
They are used to describe the price action during the given time frame.
· If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn.
· If the close is below the open, then a filled candlestick (usually displayed as black) is drawn.
· The hollow or filled section of the candlestick is called the “real body” or body.
· The thin lines poking above and below the body display the high/low range and are called shadows.
· The top of the upper shadow is the “high”.
· The bottom of the lower shadow is the “low”.