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COPPER: Trigger on 4H with Daily and Weekly analysisWEEKLY: Starting from a broader view and thus observing the Weekly timeframe in order to have a clearer general idea of ​​the price structure, as also indicated by my custom-made LuBot indicator, we can see on the chart below a change in structure from Bullish to Bearish from the color of the candles in purple. I've also highlighted 2 numbers with a gray border that indicate for me the number of swings in favor of the current structure. So after the first swing in favor of the bearish structure we see a retracement that leads prices to lean on the Weekly ema21 forming a Reversal candle that closes in the negative. Breaking the low of this last candle would already give us an entry trigger as well as the formation of the second swing in favor of the structure (provided the candle continues in a short direction without making an outside). DAILY: Having clear the situation on the Weekly and therefore deciding to favor the triggers in the Short direction, I move to the Daily where I find a Bullish structure in the last few days which leads to the formation of 5 consecutive swings, of which the last 2 swings the maximums stop in the area 3.92 where they find a static resistance as well as the ema200. From the last maximum, the price begins to fall by reversing its bearish structure as seen by the purple color of the candles (in favor of the Weekly timeframe). We therefore have further confirmations also considering the LuBot Short signal, the LuTrender which becomes negative, the reversal signals and the negative TrendCloud, at this point we are looking for a trigger on the 4H timeframe. 4H: On the 4H, as can be seen from the main image, right on the current candle, a Short trigger would form when the minimum of the previous candle broke. Here too we have a Short structure in favor of the other timeframes and a Short LuBot signal. Everything coincides. The stop loss could be placed above the latest 4H highs which would lead prices to a short reversal of the structure and therefore would lead us to re-evaluate the entry later. Or for those who want to avoid risky stops in favor of maintaining the position on a fairly clear trend, they could place the stop loss above the Daily highs and therefore in the 3.97 area. As regards the Take Profit, it is a bit to be evaluated based on the next movements, but I would say that a target in the 3.71 area is already quite satisfactory.
OANDA:XCUUSDShort
by LuTrader_LB
EURUSD : Signal of the day with LuBotHello Tradingview people, from today I would like to start a new column about "the signal of the day" thanks to the use of the indicators that I have built based on my experience. I have tried to make everything as simple as possible to allow even those starting from scratch to be able to replicate my operations, albeit mainly discretionary. Since I started trading I have built and perfected my strategy which today is shown very simply in a single indicator that I have called LuBot. This is the basic indicator on which much of my experience is based and on which I base my analyses. To support I use other indicators created by me that help me to realize when a Trigger/Signal can be more or less reliable. In this case I propose this Trigger on EurUsd which satisfies most of the main conditions of my strategy. On the graph I have summarized the satisfied conditions described below: 1) The Long Signal/Trigger given by a series of price action studies and candlestick analysis that I have had over time; 2) According to my way of seeing the structure of the market, the indicator highlights in yellow the candles whose structure is Bullish and in purple candles whose structure is Bearish. In addition to candle colors (which are deselectable for those who want to keep the original color) bullish structure start and bearish structure start labels are shown (signals SBS). Finally, always regarding the change of structure, I have inserted levels on the graph that one once violated they will start the structure change, so they are levels that could be used as stop loss placement. 3) The Predictum indicator shows each month what the direction of the price will be. It's a indicator that I have been using for at least 1 year and I consider very reliable and easy to use. In this case it indicates a clear Long direction without further points of attention. 4) The excess indicator is located in the "starting area", which coupled with the Trigger could indicate a good time before the volatility explosion. 5) The LuTrender indicator shows a positive trend change on the current timeframe. Together with the other indications it is certainly a plus point to follow the LuBot Trigger. 6) Since 30 May the price has never dropped below the ema200 on which it has created a sort of floor/support which brought the prices to a price action of maximums and minimums increasing as shown by the labels HL and HH. This reasoning, when you have these indicators, is very spontaneous, fast and intuitive to do. Even if this trade does not go as hoped, by following the strategy precisely and always following a certain logic, errors will be greatly reduced. For this trade I insert a Stop Loss a few pips below the last swing low in the 1.0625 area and the Take Profit 1.1020 I've already been involved in this operation since yesterday and we'll see how it goes. In case the price action shows a reversal before the stop loss is reached, I will close the operation minimizing the losses. We potentially have a risk-reward trade of 1:2 If you liked this analysis and you want to see further analyzes of this type, I kindly ask you to let me know through a Like or a comment. Follow me so you don't miss the next posts. These analyzes are a sharing of my way of operating and of seeing and analyzing the market. I am not an investment advice as every trade has risk and loss is always around the corner.
Long
by LuTrader_LB
BITCOIN : Will It Return to the Channel?Hello TradingViewers, today I want to share with you this image on the Bitcoin Daily chart where I have highlighted a main channel with a yellow background and 3 other channels. As we can see, after creating the first highs in April 2021, the price made a big retracement creating a triple low which formed the base of the channel and immediately reverted back quickly going to test the previous highs which, acting as resistance, together with the resistance of the channel, they brought the prices back based on the channel testing 2 times and finally effectively exiting on May 8, 2022 when the price had already started a bearish movement staying in the red channel. After making a minimum in the 18000 area, the price starts to lateralize moving inside the orange channel and thus exiting the bearish channel. In the last period we see a bullish movement that takes the prices out of the lateral channel creating a sort of large rounded minimum highlighted by the blue arrow. If the bullish green channel holds then we should see a rise in prices shortly up to the next resistance in the 37000 area. What do you think about it? Will Bitcoin continue to rise in the short term and in the long term? Do you think it will return to the yellow channel again showing prices at 60k? Write your opinion in the comments and leave a like if you enjoyed this post.
BITFINEX:BTCUSD
by LuTrader_LB
GOOGLE : Long on breakout As shown in the graph, I have summarized the various reasons why a Long trade could be opened on Google. With the use of my indicators (LuBot , Predictum , LuExcess , LuTrender) and through graphical analysis, I identify a good entry pattern for a short-term trade. The conditions for a Long entry are already valid, but one could enter at the actual break of the trendline for further confirmation. The profit exit could be placed on the next resistance level that we find in the 117.50 area and the loss exit below the last lows to avoid holding a losing trade for too long. The conditions for a Long are all there, but as we know, nothing is certain in trading. The important thing is that what we do always has a sense and a motivation and that the conditions are favourable. If the trade goes into loss patience, there will be other opportunities. The market doesn't run away and the most important thing is always to keep calm and patience.
NASDAQ:GOOGLong
by LuTrader_LB
NASDAQ : Long trade on correctionI have already closed a Long position opened on the break of the maximum of the candle of March 13th and lasting 3 candles Daily which I closed on March 16th near the highs of the day. Now the price has perfectly reached the Weekly dynamic resistance trendline and is correcting. Since the bullish conditions are still valid, I expect a retracement in the highlighted support area, thus placing a pending order. The LuBot indicator keeps the Long signal shown on January 23 considering the configuration with signals Swing , style = 1 and limit signal type 3 in order to see the signals that indicate the main direction to follow until the trend reverses. TrendCloud, advancedSar and LuTrender are positive. If I enter the market it will be a short trade that I will close at the level of the high just made.
OANDA:NAS100USDLong
by LuTrader_LB
NASDAQ : New uptrend in sightObserving the price dynamics of the last daily candlesticks, we see that from the high of February 2nd, the market has started a retracement movement, creating bearish swings that have brought the price back within the dynamic channel, reaching LuBot's TrendCloud. We now see a bullish signal with large volatility closing above all major moving averages after the last swing low hit the ema21 Weekly and creating a new positive swing from which the positive swing count could restart. Considering that the candle closed on the resistance level, I could expect a short retracement that could bring the price around 12150/12050, a movement that I will use to enter my Long entry with stop loss below the last swing low and take profit in the maximum area at 12700. Observing the Weekly chart below, we see that a beautiful price dynamic has formed which shows how the breaking of the high of the following weekly candle would trigger a trigger that could bring the prices to the 13500 area where we find the next more resistance area important. Let's keep an eye on it in the next few days because there could be several signals of following the trend. For this analysis I mainly used the LuBot indicator with signal settings set to "MultiSignals", Signal style = 1, no limit on signals. If you want to use it too, you can ask me for a free 7-day trial without obligation. Best wishes and happy trading to all
OANDA:NAS100USDLong
by LuTrader_LB
DOW JONES: Long setup with LuBot indicatorAs can be seen on the graph, a good entry setup has been formed on the Dow Jones index through the use of the LuBot indicator. We have several points in favor of a Long trade including: 1. The last signal shown is Long, in this case we will only follow the entry setups for purchases; 2. TrendCloud is positive and supportive 3. Price returns to TrendCloud and closes above ema21 4. A new Swing HL (HigherLow) is formed so we have a higher low than the previous one 5. ema100 higher than ema200, this indicates a bullish configuration 6. The color of the TrendCandles candles are green thus favoring the Long setup By Cons we have only the trend channel that intersects with a resistance level . This could slow down or limit your ascent. So I recommend caution. The Trigger would occur at the break of the previous high where a Buy stop order can be placed. I enter the Stop Loss below the last 2 swing lows and the Take Profit on the next resistance level . The risk-return of this short-term operation is 1:1.3 The position will be managed according to the next movements. If the market shows no strength to reach the take profit you could close the trade manually.
OANDA:US30USDLong
by LuTrader_LB