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Higherhighs

A 3 Day Trend IndicatorA 3 day chart is very useful in terms of being able to see a major trend reversal. It eliminates the noise of daily or lower timeframe charts and shows the change in trend faster than the higher timeframes such as the weekly and monthly. Keep track of the candles and look for a higher high and higher low candle for the first signal. The USOIL chart above shows a sequence of 3 day candles that have lower lows and lower highs for the past 8 or more candles, clearly showing that the major trend is down. Short risk on oil is out of the question as long as there's no higher high and higher low 3 day candle. As soon as there's one, at least a minor change in trend can be anticipated and traders are likely to switch to short risk.
TVC:USOILEducation
by Zoen_Trieste
3
Short Sell then Strong BuyOn the 4HR time frame we see the market testing the top resistance-zone twice right after a strong rally upwards in price. After the second test of the resistance-zone we see so many buys that no one else is selling so the sellers jump in and give it a strong rally downwards creating a fake out right before a huge pullback straight through the top resistance-zone. This tells me the buyers are strong and waiting for an opportunity to take this market higher. Next we see a short sell of about 30% hitting a support and then pulling back and re-testing the upper resistance. At the moment the market seems to be making another short sell and if the buyers are still waiting to jump back in (which they seem like they are) it's going to be at the middle resistance line (at a 30% discount) where they'll jump in and boost the market to higher highs. A perfect time to Buy, and a strong one at that. If the markets don't rally up as strong as anticipated then there are possible exits between 111.000 and 111.500.
by Eli_StayFocused
GU Buy stop placedIF/WHEN GBPUSD reverses and heads into an uptrend I have set a buy stop to be ready. I forsee the weekly timeframe forming a large M structure out of a larger W. At this point the M would be in the middle point or the B point of an XABCD harmonic. I came to this conclusion through seeing the downward pressure slow and weaken. Shorter lows and higher highs. There is no guarantee that this is the beiginning of a reversal although these higher lows and higher highs would be the first indication of such. The next confirmation for an uptrend would be a break of the downward trendline touching the past highs on the daily timeframe as price has made its way downwards.
Long
by nicktarver144
BTC Equilibrium Pattern to watch for 2018BTC seems to have established a Higher low on the Weekly chart. Seeing that I would now say that we will run in an Equilibrium Pattern into late May/early June. My opinion is the we will see a high around $9,000-$9,200 and then get a pull back to as low as $7,500 but staying in our pattern (creating a Higher low). I then see a run breaking out passed the $9,200 level and going to $10,000+ and breaking out of the pattern. If we go a little further into the future and end up seeing BTC breakout over the $11,800 level, we could see a huge 2nd half of 2018. If this pattern on the Weekly chart breaks down and we lose our higher lows we could easily test the $6,500-$6,000 level again. In My Opinion We will be very bullish for the 2nd half of the year, happy trading!
BITFINEX:BTCUSDLong
by StatFall
1
BEST MOMENTUM TRADING STRATEGYBCHUSD 15M WILLIAMS %R INDICATOR STRATEGY My 15m scalping technique - 14 length Our team at Trading Strategy Guides believes that a momentum indicator strategy can reduce risk and enhance your overall returns. One of the core market principles is that momentum precedes price so in this sense a momentum indicator strategy is more like a trend following strategy. Essentially trends tend to continue and we can use momentum to determine when to buy and when to sell. There are various explanations for why momentum occurs. The simplest explanation would be that rising prices attract buyers and falling prices attracts sellers. Using a momentum indicator strategy, it means we’re only going to hold the trade for a very short period of time, anywhere between a few minutes and up to a few days. Basically, the best momentum trading strategy runs until the momentum drys out. So, we only want to concentrate on the relative strength of any instrument. The best momentum indicator is by far the Williams %R indicator. This momentum indicator will help us identify profitable trading opportunities. Works with all market and time frames. The preferred settings for the best forex momentum indicator is 40 periods The Williams %R runs on a scale from -100 to zero. A reading in the vicinity of -100 is an indication that the instrument is oversold and it’s a potential buying opportunity and once it reaches zero, that’s an indication of overbought and maybe the time to sell. Step #1: Define the Trend. An Uptrend is defined by a Series of HH Followed by a Series of HL. The definition of an uptrend is pretty much standard. In an uptrend, we look for a series of higher highs followed by a series of higher lows. Two HH followed by at least another two HL is enough to define an uptrend. A higher high is simply a swing high point that is higher than the previous swing high. While a higher low is simply a swing low that is higher than the previous swing low. In order to gauge momentum besides reading the best momentum indicator we also look at the actual price action. Step #2: In an Uptrend Look for Bold Candlesticks that Close Near the Higher End of the Candlestick. A common concept in technical analysis is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best momentum indicator also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an uptrend is big, bold bullish candlesticks that close near the higher end of the candlestick. Step #3: Wait for the best Forex Momentum Indicator to get oversold (below -80) and then rallies above the -50 level before Buying In an uptrend, we buy after the best momentum indicator has reached oversold conditions (below -80) and then rallied back above the -50 level. Now, we have confirmation from both the price and the best momentum indicator that real momentum is behind this trend and the probabilities are in favor of more upside prices from here on. Note* If the best momentum indicator continually stays in overbought territory (above -20 level) it signals a strong momentum and conversely a strong trend. Inversely the same is true in a downtrend. Step #4: Place Your Protective Stop Loss below the Recent Higher Low We want to hide our protective stop loss below the most recent higher low level that formed right before the best momentum trading strategy issue the buy signal. Alternatively, you can also trail your stop loss below each most recent higher low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Step #5: Take Profit once we break below the Previous Higher Low Alternatively, you can take profit once the best momentum indicator breaks below the -50 level.
B
by Tradingstrategyguides
1
TRX Fractals. i count 4 in 2 :) 2 fractal patterns emerge, at least to me. Fractal 2 is about 3.5ish times the scale of Fractal 1. they are similar in time and magnitude of relative amplitude. <--Idk if that makes sense to you but it does to me. The randomly spaced blue bars indicate a channel of which make take many forms, but think of them as loosely frame goal posts that price action could aim for. WE MAY SEE highs, as high maybe higher than, 1729 satoshi. That would be very interesting as it may correspond to ~24cents if/when BTC is @14k. That seems very possible, but not yet probable...we need more time to see if this turns into a true set of 5 impulse waves up, or just another complex correction. Should see atleast 530 sat's by next mini pump up....i unfortunately can imagine lower lows to come = hopefully not :)
by astoinis
BTC strong resistance on 200 day EMAHi all, lets analyze hourly chart for BTC where we are now struggling with STRONG resistance at 200 day EMA. Breaking the level and then finding the support on top of 200 day EMA could be considered as good indicator for the end of the bear market. Currently BTC is in uptrend, having 7 consecutive higher highs and higher lows. Breaking the below the previous low at $7728 would mean a collapse of this uptrend pattern and thus bearish movement could be anticipated (this could also be a catalyst for dropping over what some analysts see as bear flag forming on 4h chart). Very important development on BTC is going to unfold. Be alert!
BITFINEX:BTCUSD
by ms100jke
Trends are THE MOST IMPORTANT tool in the toolbox.Hello Traders. Hope everyone is staying warm. Snow and zero degree temperatures expected in Virginia. Many traders use many different indicators. There are so many its impossible to tell which ones are useful. Simplicity is key. The most important tool in a traders toolbox is the ability to deceiver the prevailing trend. Using higher high/ lower low analysis we can identify the difference between strong market moves and weaker ones. This stems from the well known philosophy that in order for markets to continue moving in the correct direction they need to confirm momentum shift before making large moves. -Resistance is considered overhead levels that price struggles to break AND CLOSE above. -Support is considered under price levels that price struggles to break AND CLOSE below. Notice how I mention, AND CLOSE. It is 100% required that price CLOSES above the support or resistance level to declare it broken on whatever time frame chart being traded. After the perfect head and shoulders pattern unfolded many traders continued to short EURUSD without much success (Took a stop loss myself) One must recognize the downward momentum was triggered by the bearish head and shoulders pattern (see attached post, traded perfectly.) In actuality the trend is still bullish. At the end of the head and shoulders move, trend reversed only briefly. Price was unable to break the low before moving higher. At (1) the first top was made. After making new highs, we always expect a retest of old resistance confirming support. (2) Price came back and tested old resistance, confirming support in a reckless fashion. This wiped all long traders out and assured direction for short traders who were burned before. Once everyone was mixed up, the trend prevailed to the upside. Now we find ourselves at (3). New highs have been confirmed so price is expected to retest old resistance to confirm as support around the 1.19500ish level. At this level I will be watching diligently for signs of rejection and ready to take entry on a single close of any rejection formations. If we confirm price action, targets are estimated around 1.2300. IF you found this useful or thoughtful Likes/Comments/Follows are much appreciated! TElphee – Self-made Technical Analyst. 5-year market enthusiast with experience in Forex, Futures and Cryptocurrencies. Disclaimer: Oanda data shown. This is NOT investment advice.
Education
by UnknownUnicorn981629
8