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🏋️ 10 STEPS HOW TO DRAW TREND LINE IN 5 MINUTES [WRX — WazirX]Hello, have you familiar with 10 steps technic how to draw trend line in 5 minutes?! — I am not 😅 But in this 7 min video I explained how to make Simple TA for any asset using TradingView basic tools to understand where it goes. In this video: 1. How to draw trend line 2. Descending Wedge (Falling Wedge) 3. WazirX WRXBTC coin analysis, entries and targets. Previous WRX analysis and HOW TO MAKE TA in 10 min: Have fun, enjoy your trading This is Artem Crypto
WEducation
by ArShevelev
10
How To Trade Extended Stocks? TJX & BJ 05/21 Case Study!Hi guys, today we'll touch once again on the topic of extended moves. Thursday gifted us with a picture-perfect comparison of 2 stocks gapping up. One worked flawlessly, second one didn't, however (guess in which I took my trade, d'uh...). Takeaways from the video: 1) You can't tell successful follow-through from the daily graph itself. You have to watch how it behaves thorough the day. Volume and behavior on key levels are the most important factors here. 2) You may want to risk less initially, adding along the way as long as the stock fulfills your criteria. Hope this helps you next time you see a nice gapper and possibly saves you some frustration! Tom | FINEIGHT
NYSE:BJEducation
by Fineight
Blox Will Also Move (How To Trade, General View)Patience is the key to success while trading, also having a plan before getting started... You can ask me, I learned the really hard way. Looks like Blox (CDTBTC) it's done consolidating since prices are already moving above EMA50 (magenta line). Since the first break of support in March, we have a wait of 70 days, for many people this is a very long time and they fail to wait, hoping to switch around and earn a fast buck. It turns out that once you move out of a trade out of greed/desperation, the next one takes longer and the one you just sold starts to grow. So think twice about how much you would wait before jumping in... What to do if prices go down? What to do if prices go up? We always use a stop-loss, average around 15%-35%, and set our sell orders on target before the prices start to move up. If prices drop we close the trade. If prices move up we collect profits as the orders filled up. I am just sharing my experience... Make sure to do your own research... And I wish you lots of success, health, wealth & love. Namaste.
CEducation
by AlanSantana
8
What should we do next with USDxHello Trader around the world, how about your last friday, did you trade? Last friday I've trade the USDCAD and AUDUSD currency For AUDUSD I Long and lost already But USDCAD still at the big resistance and I have short already and put a stop loss at 500pip I really want Monday to come fast as I can Today I want to sharing all of you learn about How the currency connect Sometime maybe someone Long and Short position in the same time with same currency It was no good Long EURUSD and also Long USDCAD is wrong But Long EURUSD and Short USDCAD is great Cause if we look at USDx or Dollar index And try to compare with any currency you will see something connect First you shoud know that USDx will move same with USDXXX currency and XXXUSD will move converse in the same time Example Now USDx move up USDCAD should move upward EURUSD should move downward For now about USDx you will see a price have break already so if the price will continue to move up Price should comback and rest at the old Resistance or new support If you see a price move downward to support Is mean that USDx move downward Is mean that USDXXX move downward too Is mean that XXXUSD will move up Did you get it? I hope that the things that I have learned around 3 years can help you and you will be a great trader if you can Trade is a lot of things you have to learn And we always have to update a strategy Is didn't mean you know something and you will rich from it You have learn a lot of things and use it at the right time, timing is so important Just it, that's all for today About how there r connect Sorry for my bad English Hope this week you will get a lot of money Goodluck
TVC:DXYEducation
by TeamothyTrade
TRADING IS NOT AS IT’S PORTRAYED ON SOCIAL MEDIA .. READ BELOWThe reason so many people are attracted to trading is because of how it is portrayed on social media. I’m not here to Bullsh#t you, I am only here to deliver pure facts and that is how YOU WILL LEARN. Firstly, the most us were attracted to trading because of how simple it seemed to actually make money, until we started trading and realised that it wasn’t that simple.. And this may be the stage you are currently at so let me clarify a few things that will hopefully help you in your trading journey. Your trading account is YOUR business, treat it like one it is not quick money! A business goes through stages of a life cycle, and these are the stages you must go through too before you figure it out: 1. Development / Seed stage 2. Start up 3. Growth / Survival stage – Your most crucial stage 4. Expansion / Rapid growth stage 5. Maturity stage 6. Decline – The moment you stop learning and think you have it figured it out, is the moment you will decline. Trading is process that may take you 1 year to master If you have the right mentor or even up to 5 years to master if you don’t. But it is a process, you will take losses through the process but that is necessary for success. You have to trust the process and FALL IN LOVE with it. If you are trading for the sole purpose of making money then you approach is wrong. I trade because it is my passion, it gives me the opportunity to figure out the ‘uncertainty’ and to empower others. The profits are the end result of obeying your trading rules/plan and obeying the unspoken rules of the market. KEY TAKEWAYS: 1. Trading is a PROCESS, stick with it, be consistent and it will pay off. 2. Find a mentor who has YOUR best interests before theirs. 3. Your trading account is your business, approach is as one. Businesses take years to reach the maturity level so make the same mental shift 4. Focus on the bigger picture, money is an end result. It happens after the fact, after you’ve taken and closed a trade. I will be doing analysis on GBPUSD, some potential big moves to come.. Follow us to get notified. Feel free to ask any questions below.
Education
by Malika_Analysis
HOW TO GRID TRADE: The Good, The Bad and The Ugly (Tutorial #5)HOW TO GRID TRADE: The Good, The Bad and The Ugly (Tutorial #5) DID YOU KNOW? The cryptocurrencies you’re holding right now could be generating passive income. Even if you have small holdings or limited capital THIS can become very profitable with a little known strategy called GRID TRADING. EXAMPLE: 11-DAY GRID TRADE EARNS 19.27% PROFIT EASY TO LEARN, LOW RISK & HIGH RETURNS? WHAT'S THE CATCH? If you have not read my previous tutorials on grid trading , I’ll summarize the concept quickly. Grid trading is a type of trading, typically managed by a BOT which sounds a lot more complicated than it is. In a nutshell, you select a range, you divide your range into equally spaced buy/sell grids (like trip wires, sorta) . And as price zigzags up and down, your “trip wires” trigger buys and sells - catching profits for you incrementally all along the way! If you are able to start your grid as the market ranges sideways (which is 70% of the time) or when it is in a gradual upward ranging trend (15% of the time) then you are going to make money most of the time. That leaves about 15% of the time when the market is ranging downwards (and even then, many times grid trading can still produce a profit) . Grid trading requires far less skill and less management than most other types of trading -PLUS- it has far less risk. Not to mention, most grid traders make better returns on their money with grid trading than they do with any other trading strategy. Can you lose money grid trading? YES, but with a little knowledge, losing money is hard! OK IT'S EASY PEASY, BUT HOW DO I DO THIS? You'll need a gird bot automation platform to manage this, but once you've got that... there are only a few parameters you must setup to get started with your grid bot trades. And if you start with a small investment, the learning process is rather fun. Once you get the hang of it, you can increase your investment. The sky is the limit. 1) GET YOUR GRID TRADING BOT (recommendations below) 2) PICK THE CRYPTOCURRENCY PAIR which you plan to trade. 3) SELECT YOUR RANGE. It's called your “trading channel” - and while this can vary depending on the crypto asset you select, it can also vary based on your trend bias and available capital. Just as a thumbnail guide, you might trade a top 10 cryptocurrency pair within a 4% to 8% trading channel, whereas a low cap coin pair might merit a 1% to 50%+ trading channel. 4) DETERMINE A GRID SPACING or GRID COUNT which basically divides your range into a series of buy and sell grid lines. As the price of an asset moves up or down within your range, the bot will execute trades. Each time the price moves up over a grid line the bot will execute a sell order. Each time it moves down over a grid line it executes a buy order. As long as the price stays within the upper and lower price limits that you have pre-set, you will profit from the zigzag of the market. 5) A STOP LOSS is optional and may not be needed at all, but it is a parameter you must think about and set, if you feel you need it. If you are trading a coin that you don’t mind holding, a stoploss is not needed. Advanced strategies can reduce almost all possibility of loss! NOTE: Trying to grid trading manually is near impossible. It is highly recommended you use a trading bot to carry out your grid trading strategy. NO BOTS ABOUT IT... Grid trading bots automate the process and maximize your potential profits. Your bot will automatically place buy and sell orders at pre-set price points you map out upfront. As you go along, your bot will replace grid line open orders as each previous grid level (line) is executed. You simply need to set your upper and lower price limits (your range) for your trading channel, decide how many grids you want, and how much of the asset you’ll invest in. Once your parameters are entered, your bot can be started and you can sit back and watch profits add up. For example, if you chose to trade BTC/USD, then you'll start by buying BTC and you'll simultaneously place limit sell orders along your grid. This is easy because your bot will automate the entire strategy. You can of course get very good at this type trading and make an impressive income however, at the most basic level, all you need to know to start Grid Trading today, is what you’ve just read, perhaps a few more tips from my other grid trading tutorials and if you're smart, you'll try grid trading indicators. Additional resources are found below. HOW DO I LEARN MORE? 1) Review my related IDEAS and TUTORIALS (linked below) 2) Explore GRID INDICATORS (linked Below) PLEASE HIT THE LIKE BUTTON (and follow me... just look below the chart at top... yes, up there where "Kilroy" is watching!) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
OEducation
by DanHollings
7
HOW-TO GRID TRADE: How-to Find A Profitable Grid (Tutorial #4)HOW-TO GRID TRADE: How-to Find A Profitable Grid Using The "Grid Range Finder" Indicator. WHAT TO LOOK FOR... The best GRIDS are placed in sideways channels, consolidation areas, ranging markets and slowly upward trend areas. In seeking a place to start your next grid, you should seek out support areas, preferably during a sideways or upwardly trending time period. It's near impossible to predict how long this type market condition might last, but the ideal grid will run for 2 days+. Some grids can run for months! Did you miss my previous GRID TRADE tutorials? ( Start from the beginning ) ESTABLISH A RANGE Your next task is to determine a range depth for your grid (I suggest 4% to 8% as measured on the chart - though you may find other measurements better depending on the crypto you're trading, the average market volatility and your available capital) . This is why, when using the "GRID RANGE FINDER INDICATOR" you'll appreciate the "Auto-Fibonacci Lines" added to help in projecting how high or deep your range might go. In most cases, your range should span between either support and resistance or a nearby Fibonacci line. Once you've discovered your range "sweet spot" and a good starting point, "box out" a projected grid range that has logical support, resistance and fib parameters with a span (bottom to top) that does not spread your capital too thin nor expose you to too excessive risk. GRID YOUR RANGE In Tradingview, you can easy create a range box using the "Date and Price Range Drawing Tool" or the "Rectangle Drawing Tool." If you want to create actual grids in your range box, you can use the "Gann Box Drawing Tool" and play around with the settings if you are hard core. At the end of the day, this is only to give you a rough idea anyways. Your actual grid range area is automatically create in your Crypto Grid Trading Bot within minutes after setting up a few parameters (simple, simple) . So don't over do the time invested in drawing on your TV chart, keep it quick and simple. Find your range, put the parameters in your Bot and start making money! HELPFUL TOOLS THE GRID RANGE FINDER INDICATOR is ideal for traders pursuing this type GRID TRADING strategy. Yes, it's true that the trading process itself is typically automated, however the first and most important step for you, is to find a sideways, consolidating, ranging or slowly upward trending market. Review the other GRID TRADING tutorials I've published so that you can master this fascinating (and profitable) trading style. It's not that hard and it's well worth the effort. THE GRID RANGE FINDER INDICATOR will assist you in scouting-out market opportunities where a grid opportunity may be waiting. This indicator provides support and resistance lines for both long and short term price action, plus uniquely incorporates red and green COLORED trend tendencies in both the support and resistance lines, as well as in "Trend Dots" at the bottom of chart. TIPS FOR HOW TO USE THIS INDICATOR TO HELP FIND OPTIMAL GRID TRADING OPPORTUNITIES Use this indicator in combination with other indicators to fully maximize your results. First zoom out and determine the overall structure and phase the market is in (long term) . Remember, GRIDS perform best in sideways or slow upward ranging trends. Look for this. THERE ARE NUMEROUS WAYS TO USE THIS INDICATOR BELOW IS ONE WAY, TO GET YOU STARTED: The STEP NUMBERS below are illustrated on the charts above. 1. Watch for a major support point. 2. Followed by a higher minor support point. 3. Start grid during GREEN trend indication (as seen on indicator trend dots or trend support line) • If using Heikin Ashi candles (recommended) start grid on a GREEN candle 4. Map out your grid range of 4% to 8% using Support & Resistance lines and/or Auto-Fibonacci lines on chart. This is not a "SIGNAL" type indicator, it is a valuable tool (or aid) designed to assist you in conjunction with other indicators and market knowledge. Some grid traders use ONLY this one indicator, but you should evaluate the others I've created which may help you refine your grid start parameters and opportunities. For additional help there are details below. PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
KRAKEN:BTCUSDEducation
by DanHollings
4
HOW-TO GRID TRADE: Show Me The Money (Tutorial #3)HOW-TO GRID TRADE: Show Me The Money (Tutorial #3). When I started this Grid Strategy Tutorial Series , I assumed readers would understand the profit potential straight away. I was wrong! Perhaps, because as I told my personal story and evolution into grid trading, I mentioned that I used grid trading for my "side money" (money I was not actively trading with other strategies). Yes, that's true. Initially, I just wanted an ROI on this otherwise dormant extra capital that was sitting at an exchange earning nothing. NOTE: If chart illustration above overlaps or is unreadable, there is a screenshot below. MY EPIPHANY It was when my passive "Grid Trading Side Project" started earning a better ROI than my hands-on active trading that I had my epiphany! No way was I going to give up on the other styles of trading I enjoyed, but when it comes to making money consistently and with far less risk... hands-down, it was grid trading I decided to master. A TUTORIAL SEGWAY I decided I'd throw some backtest results out so you could get a taste of what I'm talking about. Of course, the backtests posted here are in NO WAY predictive of what the market might deliver at your doorstep tomorrow, but I think you get the point. Many hundreds of real people have also shared there active results with me, so there is ample validation about the viability of this strategy. My personal results and those of others I coach are impressive, to say the least. However, we've lost money too, IT'S CRYPTO TRADING for crying out-loud. But like anything, you keep at it, you learn from others, you use indicators, you get better, you win some, you lose some, you master it and then... the winning results will exceed your losses. It doesn't take long at all. And YES, there's money in them there grids! MORE RESULTS... HOW TO I SEE MY POTENTIAL PROFIT? Want more current results? Want to test your favorite coins? DO IT NOW... You may test any cryptocurrency at any of your favorite exchanges and get instant backtest results by visiting a grid bot or automation platform. Backtests are simple, fast and impressive. THIS IS THE THIRD IN A SERIES OF GRID STRATEGY EDUCATIONAL TUTORIALS I hope this tutorial series helps increase your bottomline! HOW DO I LEARN MORE? 1) Review my related IDEAS and TUTORIALS (linked below) 2) Explore my GRID INDICATORS (linked Below) HOW DO I AUTOMATE MY GRID STRATEGY? Additional help and recommendations are at the bottom of this tutorial. PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
COINBASE:ETHUSDEducation
by DanHollings
3
Day Trading - Only Strong Trend Days (Can also be used on HTF)Day Trading - Only Strong Trend Days (Can also be used on HTF) There are generally only 2-5 strong trend days a month. The majority of trading days are some form of trading range days, either within a range or a weak channel which reverses and forms a trading range. On strong trend days the market offers what most traders want - a high probability of a large reward, with a tolerable risk. Usually the risk feels greater (and often is) on a strong trend day because there is a sense of urgency, and the bars are often bigger than normal. On trading range days the bars tend to be smaller, offering what appears to be a lower reward, but there are many more failures and reversals. This makes it very difficult to identify a good setup, and even when there is one the market does not make it very far before there is an opposite reversal. This lures unsuspecting traders in, who continue fighting the market taking every trade or only the losers. This type of market is like a boa constrictor. The more you fight, the more you struggle, the tighter its grip and the harder it is to overcome the draw downs and emotional fatigue. Because these types of days are hard to trade and do not offer what I want (a good chance at a large reward), I choose to sit these days out. Instead, I wait for a strong trend day, and then continue to wait some more for a pullback and my edge. Does this mean I miss out on some good moves? Sure. But I do not care. I trade to win, not to trade for fun. It does not matter what I miss, it only matters what I take and the actions I make in the market. So how does a trader know if the day is a trading range day or likely to become a strong trend day and should be traded? In order to help guide you, here are some common characteristics of a trend day. "......" After the above has been identified - it is still better to wait for a pullback and an edge like a "......." This increases the likelihood of a good trade with a strong traders equation. It also helps decrease stress of prices going against the position as it often does when you just enter at the market or without an edge. Of course, waiting is not easy. Just like Tom Petty said "Waiting is the hardest part!" Does this mean you are less likely to lose? Usually, but not always. Even with trend trades fail, although less often. It is absolutely possible to lose money selling in a bear trend or vice versa. The key is to continue onward, and enter the next with trend trade if there is one. If not, or it also fails, prices are more than likely in a trading range and you just haven't yet realized it. If this is the case, it is often better to stop trading and wait for a strong trend day, rather than continuing to fight the market when it is not offering what you expected. **These ideas and strategies can also be applied to higher time frames and long term investing. "..." = withheld material from original post (members only material). If you found this helpful please like! Feel free to comment or ask questions
SP:SPXEducation
by tradersmentality
AUDUSD - How i traded it into the FED Rate and managed my risk.Hello All I thought i would post a video of how i completed my analysis and entered 6 trades in total for AUDUSD. All with different lot sizes dependant on approach and also how I managed my risk going into the FED news, and how with 6 trades triggering at different times (risking 1% of my capital for each trade) - I only had 3% at risk at anyone time which I have now reduced to just 1.5%. Thanks for your time in watching my video, i hope you find it interesting. Duncanforex.com is coming in the next 10 days. If you want to, you can go to the website now and register your interest and also be eligible to obtain discount vouchers for the training course once the site is live. Thanks Duncan
Education
by UnknownUnicorn483829
What is Price Action? All Indicators are a Derivative of PriceThere is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that can be analyzed and capitalized." Price action is based on humans behaving rationally, logically, and similarly in similar situations over time, and is the cumulative effect of institutional trading. It has been, and always will remain fundamentally unchanged. If you compare a chart from 100 years ago (such as the crash of 1929) with one of today with the time scales removed, you will not be able to tell the difference between the two. It does not matter if you compare a yearly, monthly, daily, or even 1 minute chart with any other chart of a different time frame. Price action appears the same and works the same in every market, and on every time frame. The institutions cannot hide what they are doing; price action is their foot print. Price action can be used to invest long term, or day trade any market. It allows a trader or investor to identify opportunities without the use of any indicators. In fact, all indicators are a derivative of price action in one form or another. Interestingly, the patterns which repeat as well as trend tendencies can be observed on different charts, even outside of markets. Can you tell a difference between these two charts? The first is a daily chart of CSX. The second is a 5 minute chart of the MES (micro s&p). All markets and charts look the same, and behave similarly. Once you understand the information within, you can understand what the institutions are doing at any given time.
COINBASE:BTCUSD
by tradersmentality
1
Supports and Resistances : Everything You Need to KnowSupports and resistances are horizontal lines on the edges (borders) of congestion areas. The bottom line is the support: the level where buyers strength overcome sellers, and buys are strong enough to reverse the downtrend. The top line is called the resistance: level where sellers strengh overcome buyers, and sells are strong enough to reverse the uptrend. It is more preferable to create your support and resistance lines along congestion area's borders than extreme price action, since these borders illustrate the point where most traders changed their mind, whereas the extremes are only reflecting a few people panicking. Psychology Traders remember at which price they bought or sold, and this is what create supports and resistances. Support and resistance zones often switch roles: when a support is broken it will become a resistance, and vice versa. This happens because as the market makes a breakout downwards, buyers feel pain and wait for a rally to free themselves without cost, whereas sellers regret and wait for a rally to have a second chance to short. The buyer's pain and seller's regret create the new resistance. A support or resistance is going to be more significant if the preciding price action was steep rather than a slow ascending or descending trend. Volumes Low volumes around a resistance or support area indicates its fragility. Traders aren't feeling quite involved in it. However huge volumes show strength in this level. Trading Rules 1. When you are surfing a trend that is reaching its support or resistance, move your protection stop closer. The trend will reveal its health at this point: it can either go faster and your stop isn't triggered or it can bounce on the Trend line and your stop securises your profits. 2. Supports and Resistances are stronger on a bigger timeframe. Weekly charts are stronger than daily charts. This way, if on the weekly the price is flat and on the daily the price action is hitting a support or resistance then the signal is less important than if price was reaching a support or resistance on the weekly. 3. Resistance and support levels are usefull to setup stoplosses and take-profits orders. If you are buying, the lowest value in a support area can be used as a stop if you place it just underneath. Breakouts A breakout happens when the price breaks out of its trading range, but most of breakouts are fake breakouts. Be careful of fakeouts : it is more often an opportunity to position against them, with a protection stop. "Fakeouts" or "fadeouts" are when the price tries to break a support or resistance but end up returning in its trading range. How to know when a breakout is fake or not? True breakouts are confirmed by high volumes and technical indicators showing new highs or new low. Also we should be able to see the new trend on a higher timeframe. Fake breakouts tend to happen on low volumes and indicators divergences. In order to trade fadeouts, wait for price action to stop making new highs or lows. This is when prices fade. Then, place your stop on the extreme, risk is low, but chances are that price will make a pullback in its congestion zone. You liked this article? Make sure to leave like or a comment :) --------------------------------------------------------------------------------------------------- My Website - Automated Strategies with Backtest and Alert Setup blockchainfiesta.com PineScript Development, Reverse Engineering Comissions open (1 slot)
Education
by cyatophilum
3
EXAMPLE for creating a Strategy! How to make money with TA! #1Hey tradomaniacs, most of all beginners out there (I was at this point aswell), don`t know how to create a strategy and trading plan and are not able to make money WITH the market. At this point, I just wanna give you an example and tell you why it`s so important to have valid signals and a strategy you can trust in. Emotions - The Cash-shredder Emotions are the reason why 90% of all retrail-traders fail! We, as a human being, are visceral still living in the Stone Age controlled by FEAR & GREED. That`s why we need pre-conditions whose undertake these responsibillitys and determine our trading. CONDITIONS are part of your Strategy and you should treat them like your BOSS telling you when to trade! This picture does not includ important things like Stop-Loss, Take-Profit, Risk-and Moneymanagement and so on.. THIS IS one EASY example for a TREND-FOLLOW-StRATEGY, which is easy to use for beginners. Don`t start with crazy shit like Gartley, S/H/S and other Patterns whose have extra conditions and things to know that you can`t know as beginners. I will tell you more about this in another post it`s late here in germany! ;-P I just want this to be an inspiration for lost beginners. Peace and happy learning Irasor trading2ez PS: Have at least 4 of 6 conditions!
KRAKEN:XRPUSDEducation
by Trading2ez
10
How To: Profit with CCI Colored Candles / Bars w/ Histogram You have SPY Trending down today CCI and Candles are red pink and purple buy the 1st or 2nd pullback where CCI goes near ZERO line on CCI I use 5min charts minium Indicator link: Color of your candles matches your CCI with Histogram indicator and trend line . CCI EMA or SMA based option, traditional or modern formula calculation options ect. Can change Length, source, Trigger Lines, colors of candles and histogram and more The CCI compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into positive or negative territory. While most values, approximately 75%, will fall between -100 and +100, about 25% of the values will fall outside this range, indicating a lot of weakness or strength in the price movement. A basic CCI strategy is used to track the CCI for movement above +100, which generates buy signals, and movements below -100, which generates sell or short trade signals. Investors may only wish to take the buy signals, exit when the sell signals occur, and then re-invest when the buy signal occurs again. The CCI compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into positive or negative territory. While most values, approximately 75%, will fall between -100 and +100, about 25% of the values will fall outside this range, indicating a lot of weakness or strength in the price movement. When the CCI is above +100, this means the price is well above the average price as measured by the indicator. When the indicator is below -100, the price is well below the average price. 1 CCI strategy is used to track the CCI for movement above +100, which generates buy signals, and movements below -100, which generates sell or short trade signals. Investors may only wish to take the buy signals, exit when the sell signals occur, and then re-invest when the buy signal occurs again. Long-term chart is used to establish the dominant trend, short-term chart establishing pullbacks and entry points into that trend. A multiple timeframe strategy is commonly used by more active traders and can even be used for day trading, as the "long term" and "short term" is relative to how long a trader wants their positions to last. When the CCI moves above +100 on your longer-term chart, this indicates an upward trend, and you only watch for buy signals on the shorter-term chart. The trend is considered up until the longer-term CCI dips below -100. When using a daily chart as the shorter timeframe, traders often buy when the CCI dips below -100 and then rallies back above -100. It would then be prudent to exit the trade once the CCI moves above +100 and then drops back below +100. Alternatively, if the trend on the longer-term CCI turns down, that indicates a sell signal to exit all long positions. When the CCI is below -100 on the longer-term chart, only take short sale signals on the shorter-term chart. The downtrend is in effect until the longer-term CCI rallies above +100. The chart indicates that you should take a short trade when the CCI rallies above +100 and then drops back below +100 on the shorter-term chart. Traders would then exit the short trade once the CCI moves below -100 and then rallies back above -100. Alternatively, if the trend on the longer-term CCI turns up, exit all short positions. Make the strategy more stringent by only taking long positions on the shorter time frame when the longer-term CCI is above +100. This will reduce the number of signals, but will ensure the overall trend is very strong. Entry and exit rules on the shorter timeframe can also be adjusted. if the longer-term trend is up, you may allow the CCI on the shorter-term chart to dip below -100 and then rally back above zero (instead of -100) before buying. This will likely result in a paying a higher price, but offers more assurance that th
AMEX:SPYEducation
by stokedstocks
1
BTC – Signs Of The BullRight up front, a disclaimer: This analysis is for educational purposes. It IS NOT a prediction of price curves. It’s meant to be a scenario in which signs of a bull run could be identified. As always, make investment decisions based on your own due diligence. CHART LEGEND Blue = Bullish price cycles Green = Transition out of or into a bull market Yellow = HOLD, No Man’s Land (or, after a bull run, GTFO!) Orange = Transition into or out of a bear market INTRO This is one approach on how to look for signs of an upcoming bull run, while still in a bear market. There are many signs that a bull run is near. However, there are NO signs this bull run will last very long. So, as always, stay on your toes. IF (this is a big “if”) this is the beginning of the end of the bear market, the following signs should be expected: ==1== The peak of a possible double curve The price closes AND HOLDS above the previous bear price cycle. Having it hold a few days is key. If it jumps up, then falls right back down, that’s not a sign. That’s wish fulfillment. But, as you can see, we’ve held at this price long enough to possibly form our first double curve in quite some time. ==2== A definitive bounce After falling to complete the first double curve, the price bounces back up, it does NOT hold there. If it holds, be wary. If this bounce occurs below the start of the first double curve, that’s fine but it should occur above the trough. This is an indication the bulls are showing some strength. ==3== The bear’s last stand This is where the last of the struggling investors are shed from the market. IF this is the beginning of the end, look for the low point to land somewhere between $6k and $5k. ==4== The bull is at the gate The main thing to look for is A. the bottom is at—or above—the trough of the initial double curve and B. the top is at—or above the peak of the same double curve. ==FINAL SIGN== Confirmation The final sign is then, of course, the obvious bull price cycle as indicated in blue. In which case you’ll be in an excellent position, having bought at signs #3 & #4. …Party time. NOTES Notice how the signs make a dip? This dip, when confirmed, will be identified by many analysts, after the fact, and used to predict the bull run that's already under way. Should this actually play out as described, congratulations. You can then thumb your nose at them and laugh all the way to the bank. (I don't recommend this b/c, whenever you're right about the market, it's only a matter of time before you're wrong again!) It’s possible these dotted double curves could be shifted down to the $2950 mark. This is possible for two reasons: 1. a bull trap and a transition to a legit bull market are often indistinguishable and 2. dropping to the $3k mark would complete the classic cycles of a bubble, where the 3rd sign lands in the “despair” phase. Should these signs actually play out in this scenario, I’ll keep this chart up to date.
BITFINEX:BTCUSD
by stiltsmccoy
Master the downtrend! Find key entry points (HOW TO)The recent Bitcoin spike down below 10k was somehow fueled by FUD (Fear, Uncertainty, Doubt). These fast moves may be triggered by news items or one whale selling or all combined, who knows? They are not predictable, the downtrend before this event on the other hand did provide some trade entries if you read the price action right! So lets look at this downtrend and the key short entry points along the way: Entry 1: The first entry is of course more agressive, because there is no established downtrend yet. But there was a bulltrap, when prices first broke above 11600 and then turned down back into the former range to 11500. When the market failed twice to go higher again (above 10600) then you could enter below the marked bar (red arrow). Entry 2: We now had a leg down and then a sideways movement. It is not easy to enter in such a small range, but there were several reasons to look for a short. Notice that we had reached the possible downtrend line by moving sideways. You are are also looking for a second leg down at this point. At least you expect a retest of the supports at the lower side of the small range at 11200. Entry 3: After entry 2 we saw a second steep leg down (blue). This again led to consolidation in a tight range. What can you expect in a little range? Right, traps to one or even both sides! Here we had first a little trap to the downside when braking below 10880. Why is this a trap, when you are shorting a bearish breakout in an clear downtrend? Look at the location, the breakout occurs right into the lower downtrend channel line. This is not a key entry point! So the market then goes up and breaks out to the other side. Now some traders go long, entering counter trend to the still intact channel. But then the real trap happens when prices move back into the range and a attempt to go higher fails (signal bar). Notice that we have now reached a key entry point, because we have room to go down inside the channel again to 10600! By moving sideways prices are near the EMA and the upper channel line again. Entry 4 + 5: After another leg down which happened after trade 3 prices were moving sideways again, you starting to see a pattern here? ;) Of course now we had two blue legs down and then another red leg, so traders may start to think long..."maybe this is the bottom"? Some wait for a nice double bottom and the break above resistance (10880). Prices even broke the downtrend line, so now it is surely safe to go long and declare the downtrend over? Not so fast! Price action traders still look for entering short, because after the first break of the trendline you can expect another one or two legs to a new low. And this is exactly what happend here. The new low at 10.400 was the target from an equal length second red leg down. Conclusion: 1. Enter at key entry points: Near the upper downtrend channel line and/or the EMA. 2. If the downtrend line is broken still look for a new low or a retest of the low. After two legs to a new low, chances for a range or reversal are much better.
BITFINEX:BTCUSDShort
by FBlocktrader
3