at least a meal treat for the weekend!FX:HKG33
Hello everyone, from the D chart, the index seems dancing within the dancefloor.
From 1h chart
today trade plan : same old same old strategy sell into resistance and buy at support.
From the shorter tf we can notice probably end of the week and index seems giving meal treat.
🥩 🦃.
For the first hours from the MACD signal and KDJ it seems bullish.
Long for the first half; continue to monitor see if it breakthrough 19975/20000.
Happy trading everyone!
Stick to your plan, set your SL/TP. Let's zen with 📙 and 🍵 while waiting for the meal treat and show your gratitude and love the Index although sometimes it doesnt go according to our plan. 🥂
Kdj
Do you see what I see? Uncle Roger quote: Haiya!FX:HKG33
Hello everyone!
Do you see what I see?
Haiya! not sure if the overnight fed news probably injected more booze; the Index seems continues to hangover and not gonna sober anytime soon.
4h chart
Price movement - Bearish
MACD Signal indicator : Bearish
D chart
no sign for bullish, the reversal seems not happening that soon.
To gain some pocket money, from chart we do not go against the trend.
Same old strategy - sell into resistance today.
Be cautious if the reversal happens this week, tomorrow is the end of the week.
As of writing, the index loss around 250++pips ; down around 1.45% this week.
See W chart:
Happy trading everyone and the Santa actually is there always, you can long/short for the 🎄 📦.
Let's be cautious to protect our capital unconditionally while monitoring the movement let's Zen with 📙 & 🍵!
the hangover hit quite long isn't it?FX:HKG33
Hello everyone! The index seems got some booster?
D chart shown that the
MACD Signal lines are both are closing the gap and touching the zero line.
Price : 19700 - 19730 is the support level
We do not know if this is gonna be bullish or bearish. How to cross-check and confirmed?
Let's deep dive into smaller tf:-
4h chart
On 9Dec2024 we can see the Golden Cross from MACD indicator. Infact the index did surged for that day but it did not last long. As you can see the Dead cross on 11Dec2024 as marked in chart for easy reference.
1h chart
as marked 12Dec2024; the MACD signal formed a Dead cross crossing down the zero line which confirmed it was in a bearish zone. This bearish mode has continue till date.
However, you can see the indicator starting contributing green histrogram and the MACD line is curving up and touching zero line, as mentioned we are hoping that there is attraction for volume to realize the reversal.
So we have to monitor closely and see if we can ride on the reversal.
Support level at ¬19700.
The Index will continue to test this support level.
BB : we can see the movement is slowly curving up, and hopefully this continue together checking and confirming with the MACD curving up trend.
Also to look at the KDJ, although is in bullish green zone but the indicator seems curving down.
Swing trade plan buy into support sell at resistance and set your SL/TP. Trade according to your tf ; set your entry/exit plan accordingly.
Support Level ; 19700, 19520, 19315(another key support level)
Resistance Level : 19900,20050-20250
Happy Trading Everyone!
Let's execute our zen strategy and zen with 📙 and 🍵.
not yet sober; continue with bearish sentiment.
Resistance level : 20070-20090
Support Level : 19670 - 19568
If breakdown thru 19303 the next bus stop will be 19080 i.e 🆘 level as you can see from 1h chart.
Tradeplan : buy into support and sell at resistance, set your SL/TP.
From today macro overview, most of the traders likely to short the index. To trade for 100-150pips profits for tomorrow and within this week for 200pps is feasible. Remember your SL and locked in profit.
tradingview.com/news/mtnewswires.com:20241216:G2446630:0-hong-kong-stocks-extend-slide-on-disappointing-chinese-economic-data-ganglong-china-property-slumps-10/
The Hang Seng Index fell 0.88%, or 175.75 points, to close at 19,795.49.
For D chart
We are hopeful to see the reversal; the MACD Signal is now breaking above zero level and
although the KDJ still in bearish zone.
Let's continue to monitor; while waiting for more positive news and hopefully Santa remember to drop by the index chimney to give it a boost we shall zen with 📙 and 🍵!
Happy Trading Everyone!
The booze seems quite strong; the hungover continue aft party!FX:HKG33
hello everyone TGIF!
Trade plan for today before end of the week.
It continues to dance btw range as shown in chart : 19800 - 20500 (1h Chart)
To trade using smaller range tf.
For the week it's still a small gain.
Shorted earlier hoping to take some profit for 🎄 weekend meals. ☺
Again to set your SL/TP level.
4H Chart
The 4h chart showing the index is still on the bearish zone.
Happy Trading and have a good weekend everyone!
while waiting toTP let's continue to zen with 📙 and 🍵!
Is The Reversal End? Will the rebound party last?FX:HKG33
Is the Index rebound strong? Based on the 1h chart, you know the answer.
What is the range to look out for?
10EMA crossing down 52EMA on 1h chart. Not good.
MACD signal break through zero line level indicate bearish mode. Histogram bearish color in deep red like the index. Required "blood/live" to boost.
From the Money Flow Profile : 20208.39 level shown the selling pressure with huge volume. You know where to get the indicator and how to read it.
KDJ Indicator, kind of confirming the bearish zone for the hour.
Consolidation area : 19750-20300(the index dance between the rangebound)
as mentioned in previous post reaccumulate at 19730-20300.
D Chart
Price 20165.88 closed below 52EMA - 20354.18 (Down 171.28; -0.84%)
For the Week, as of today - it is still gaining 391.15 +1.98% from Open : 19,774.73 on 9Dec24.
Let's continue to monitor and see if the authority fiscal policy benefit and boost the reversal.
Happy Trading!
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.
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