HSI significant pull back! FX:HKG33
Look at 1H chart movement together with the MACD & KDJ indicator, the histogram for MACD line & signal line is getting weaker (you can see both indicators curve seems lower than the previous wave). We should monitor.
marked the time zone where the index turned bearish for the 1H chart. There was no re-entry position as trading in Asia time zone.
The significant pull-back continues when market re-open here. It's 10% pull back this morning. Well, this is a good chance to look at for a better re-entry level. However, we should be cautious to avoid catching falling knives 🗡
what we see from the 1H chart MACD & KDJ both are on the downtrend level/bearish red zone. However, we can look at the support level at 21580. If the index stays above this level then the uptrend is still intact. Otherwise, we could expect a more significant pull-back (cross-check with longer tf chart 4H,8H).
For shorter 1H tf swing trade check the 8H Chart for support/resistance level
Find support level at 21500-21700
and resistance level 22000 -22300
It has been climbing too fast and taking a break now. Personal POV, prefer the movement slow and steady forming a stable staircase; more sustainable.
Happy trading everyone! A pull-back is healthy for taking a breather.
Kdj
Ultimate Winrate KDJ Strategy by reset parameter!(best tutorial)You've ever had this happen?
Bought a stock at rock bottom, and it starts to rise a bit, and then the J line turns down on the KDJ indicator, telling you to sell. So, you sell, but then it quickly shoots up, leaving you pretty blue. like you missed out on a fortune. Was the KDJ indicator down?
Nope
Hold tight, cause we're about to see a miracle. By just tweaking a bit the KDJ indicator's parameters, you can nail those short-term highs and be on your way to the success.
So, how do you find the right KDJ indicator parameters?
Stick around, and I'll spill the beans!
First off, why do we need to optimize this lil' parameter?
Well, every stock moves differently cause the folks trading it are different. So, a one-size-fits-all KDJ indicator won’t always work well on every stock at every stage. To up our chances, we gotta tweak those parameters to find the best fit for our stock.
Now, onto the second question: how do you find the right ones?
Let’s go back to the Tesla stock chart.
After changing the KDJ indicator parameters to 74, the sell point lines up perfectly with the peak.
Why 74?
Well, from point A to point B, there’s exactly 74 candles. Why use the number of candles between those two points as the KDJ parameter?
Here’s the crux of it.
The KDJ indicator is a momentum oscillator, calculating the close price at latest candle with the highest and lowest prices of the previous nine candles since the default KDJ parameter is 9.
so If the price breaks above the highest price of those nine candles, it will be constantly giving false sell signals.
So, we need to set the KDJ parameter to the number of candles from the previous high to the low. This way, the highest price and lowest price are not broken.
Then, the KDJ works accurately.
Still lost? Let’s look at another example. Here’s an Apple stock chart.
With the default parameter of 9, we bought after the golden cross, but few days later, it prompt to sell signal, and then the price soared. Feeling furious yet?
But if we set the KDJ parameter to 95, we’d have sold right near the top, securing a nice profit!
Why 95?
Same method: from the highest point A to the lowest point B, there’s 95 candles.
Got it? Ain’t it something?
Check your stocks with this method. Got questions? Leave a comment, and I’ll get back to ya ASAP! Today we focused on using KDJ to find sell points. It’s just as magical for buy points, which I’ll cover in future videos.
So, please follow me and hit that boost bell so you don’t miss out!
OMG likely to see a rebound 🚀 Long trade to previous top for V"According to Santiment, some of the best altcoin candidates who are inside the mid-term opportunity zone include Lido DAO (LDO), Synthetix (SNX), Storj (STORJ), and OMG Network (OMG)."
Entry current price
Stop loss @ 0.896
Take profit 1 @ 1.142
Take profit 2 @ 1.284
✅ Perfect bounce off the 0.702 Optimal Entry Zone Fibonacci level
✅ Consecutive long-legged demand candles on 12h
✅ Stoch RSI nicely reset from the bottom and rising
✅ KDJ scoop crossing the descending trendline
BDMS | Inverted Head & Shoulders | Entry @ Breakout SetupPrice Action & Chart Pattern Short-term Trading
> Inverted Head & Shoulders
> Entry @ Breakout Setup
> Target at previous high
> Stoploss @ right shoulder
Indicator:
> Banker Smart Money & Banker Chip Volume Support at significant level
> BBD bullish divergence crossed above baseline
> Banker Fundflow uptrend but not overbought
> KDJ ribbon on uptrend above 70
Trading with affordable risk ratio 2:1 for short term trade
Always respect your stoploss
LOOKING AT USD/JPY AND LEARNING THE ICHIMOKU CLOUD, KDJ AND RSINot the best idea to trade USD/JPY because shaded areas of Ichimoku cloud are low/tight so we don't trade it however there are some clouds that are big and we can trade them because we have 3 yes opinions before making a decision, this means we have 3 indicators that are going well and its something we are looking for. An example is if we are looking for a sell trade than we must all look for 3 indicators which is the Ichimoku Cloud, KDJ and RSI, if all indicators are telling you its a sell than you would sell the trade, if one of the indicators are telling you its a sell but the other two indicators are not than you wouldn't sell the trade.
JR | Falling Wedge Breakout | Entry Setup TF4HPrice Action and Chart Pattern Trading
> Possible bullish wedge reversal breakout in timeframe 4H
> Entry @ Breakout trendline and stop zone accumulation
> Target @ Volume Profile POC level Fibonacci zone 0.786 - 1.0
> Risk ratio 2.5: 1
Indicator:
> Smart Money and banker chip significant volume support
> Fund Flow bullish divergence
> KDJ uptrend reversal pattern
> BBD golden crossing baseline
Always respect your stop-loss
SOLAR | Rising Triangle | Entry Breakout Setup Price Action & Chart Pattern Trading
> Rising Triangle | Buy @ Breakout above EMA400
> Target zone @ Volume Profile high D-shape Point of Control - Fibonacci Retracement 0.786
> Stop Zone @ the lowest triangle
Indicator Support:
> Smart Money and Banker Chip Volume
> BBD signal - positive above baseline
> Fund flow reversal pattern still below entry position
> KDJ uptrend ribbon
Trade with affordable risk ratio 3:1
Always respect your stoploss
BROOK | Pennant Breakout | Entry @ Pullback SetupPrice Action and Chart Pattern Trading Setup
> Pennant Breakout and above Volume Profile POC line
> Entry @ Pullback setup - Target 0.786 - 1.0 of previous high - the key resistance of volume profile
Indicator:
> Smart Money and banker chip volume support at previous low / B position lowest pennant
> BBD bullish signal crossover base line
> Banker Fundflow strong uptrend and not overbought
> KDJ stochastic uptrend reversal
Risk Ratio: 2:1 stoploss at C position previous low pennant
BEM | Parallel Channel | Short term trade setupPrice Action & Chart Pattern Short-term Trading
> Parallel Channel uptrend trade setup
> Entry @ bullish breakout EMA50 and EMA200
Indicator:
> Smart Money and Banker Chip Volume significant level support
> BBD bullish divergence crossed above baseline
> Fundflow strong uptrend
> KDJ strong uptrend ribbon
Trading with affordable risk ratio 2.5:1 for short term
Always respect your stoploss
VIBHA | Bullish Harmonic Pattern | Entry Setup TF4HPrice Action & Chart Pattern Trading in ti
> Bullish Harmonic Butterfly and Deep Crab with reversal flag pattern
> Entry Zone @ Support flag
> Indicators| smart money entry | Banker Chip volume support | BBD banker signal turned green | positive FUND FLOW | KDJ divergence turning uptrend ribbon
Trading with affordable risk ratio: 3:1
Always respect your stoploss
Ending the day strong with strong stocks!Again we are talking about low float and high gap stocks with high relative volume (MACD above 0, and KDJ intersect going up), rest is pure garbage. Focus on those criterias I mentioned and go down the list of the scanner to find the ones that meet the criteria.