Get started

Heikin-ashi

Gold Pushes Up Against a Potential Triple TopGold started the day with a big selloff but then recovered after the FOMC and Janet Yellen announced that they would not be raising interest rates at this time. Gold is now attempting to break out of a potential triple top at $1220. If Gold can break through, then the first target would be 1241.7, the .618 fib extention from the bull run that started at the end of last year. With jobless claims tomorrow at 8:30 am EST and Non Farm Payroll on Friday at 8:30 am EST, there can be some potential big moves coming up for the precious metal. The main chart today is complete with all the indicators that I use. The first chart below is the same but with Japanese Candlesticks, called Heiken Ashi. They are really good for showing trends. As you can see, we are now into day 3 of this uptrend. On this next chart, I've removed most of the chart objects to show only the basic Bollinger Band and Moving Averages. It's clear to see that price has separated from the 6 and 8 day moving averages and has ridden the mid line of the Bollinger Band higher. Feel free to ask any questions or leave comments. I am always interested in having thoughtful discussions on price action to improve all our trading.
COMEX:GCJ2017Long
by GoldBands
Gold Breaks Out to Upside - BarelyGold rose ~15 points today and broke through the 6 and 8 day moving average. It also broke through the trend line starting back on election night, Nov 8. Price also failed to break below the mid line of the Bollinger Band. The next resistance level is at 1220 so let's see if Gold can move up and past it. Look at the Heikin Ashi chart below. 2 days ago there was a red doji. Doji's on Heikin Ashi charts are good signals for either continuations or reversals. We now have 2 strong green candles after the doji. The final chart tonight is below. It looks like we are entering the C leg. Also 4 days ago price firmly rejected the range below.
COMEX:GCJ2017Long
by GoldBands
USDJPY Updated Scratch Setup 7/18/2016 1 Hour Heikin Ashi ChartWe are back with all in all USDJPY Potential Updated Scratch Setup 7/18/2016 On 1 Hour Heikin Ashi Chart What Nawab says? (Our Contributor) ============================== GLOBAL MARKETS-U.S. stocks hover near record highs, oil falls and also Japanese Yen fell after the failed Turkey Coup. USD rose above JPY currently. We are searching for contributors who can give a hand by sharing their trading strategies with us, so that we'll update them into our published idea descriptions, PM me now if you are interested... All update will be updated here with in this thread, so STICK with us...
by SunRiseZoneFX
5
NXTD Coppock Curve Turned Upwards with Bullish Heikin-Ashi ColorWhen the Coppock Curve turns around this is a good sign the chart is reversing direction. Combining this with the TrendBars indicator which add Heikin-Ashi colors to the candlesticks, both indicate a bullish direction. This is still true, even while the chart had wild premarket buying and resultant selling off during regular market open times today. The chart is providing a bargain for traders and investors currently.
NLong
by trademan1
GBP/USD BOUNCE trade LONGAs we can see we do have channel on D1/H4. And now we are waiting comformation of bounce of support bottom. There is also chance that we wont get bounce to the upsite also! Major trend is bearish so better safe then sorry. Better to enter little bit more late then to fast. Pro traders are patient, amature are not ;)!!! Normal entry (H1) - Simply wait 123 (= ABC)on H1 above EMA 36 + trendline break and enter when we will get a break CLOSE ABOVE of 23 line with good candle. Conservative entry (H1 -> M5) - Simply wait 123 (= ABC)on H1 above EMA 36 + trendline break and watch for w a break CLOSE ABOVE of 23 line with good candle ->>> then switch to M5 and find another 123 after H1. You will have to be fast to get that M5 123 Agressive entry (M15) - Simply enter after valid 123 above EMA 200 Stops : 1. Below channel (safer) 2. Below point 3 ( risking little but easier to get stopped) Targets: Targets are split into 3 parts. 1. target 1 : 1 (SL : TP) 2. S/R line (watch chart) 3. Trail it as much as possible Best regards A.i.
Long
by AcademyInvestment
4
NZD/USD UP and DOWN scenario analysisThe fact that NZD/USD has reached major Support line on weekly + EMA 200 (on tradingview EMA is much higher i dont know why? on two other platforms is EMA 200 supporting weekly NZD/USD here it shows like break, check on your charts). Scenarios: 1. Here we can get agressive bearish 123 and retest of structure, it may be powerfull if it break that support ;) So always open 3 positions for 1 trade seperated and hold last lot open as long as possible. The fact that weekly candle is doji candle and we are close to ema 12 and 23 trendline we may get breakdown in day or two! You will have to enter it very agresseve because we already know that there are chances to trend change also price is making HH -> HL -> HH so be carefull, that retracment might become reversal. 2. Other scenario is that price will break up EMA 36 and major trendline. After we get both breaks we enter it on H4 123 setup or wait for daily 123 but it would take forever but is more conservetive. Feel free to comment & share & like Best regards :)
by AcademyInvestment
This is SPECIFICALLY what I mean, when I say, you cannot predictThis is SPECIFICALLY what I mean, when I say, you cannot predict bot action. www.cryptocoinsnews.com How much did you lose on this? Or were you prepared for the take? There are SOOOOOO many bots out there. quatloos.org bitcointalk.org www.coindesk.com AND, soooo many more idiots that don't know how to use them. Please don't go long on a fully manipulated market. Granted, all markets, forex, stock, commodities, ALL of them, have bots... but they have volume too, to protect against aggressive bots. OBVIOUSLY, Bitcoin, and cryptocurrency/ALTcoins do NOT.
B
by MarvinMartian
6
The Dow 2007 vs 2014Of course, the projected future waves are pure speculation and I'm not expecting any patterns to repeat themselves exactly. There do exist, however, 7-year and 13-year cycles in the market that deserve consideration and further research, considering the similarities I believe to be showing quite clearly in this comparison. I have made an effort to simplify this by keeping any drawings to a minimum and, by the way, the year 2000 doesn't have the same resemblances. Thanks to Chris Moody for his 2xEMA (20 and 100) Trend Detection script. Do feel free to comment!
AMEX:DIAShort
by ZigaZaga
7