Get started

Macdcross

THE FALL OF THE POUND... ARE YOU ON THE RIGHT SIDE? THIS IS A CONTINUATION OF THE SETUPS STARTED THIS WEEK..... CAN'T TYPE LONG AS MARKETS ARE MOVING.... WHATS TO KNOW.... -BULLS WHO HELD TOO LONG ARE TRAPPED WITH THAT BIG CURRENT WICK ON THE 4HR - IM LOOKING FOR A CLOSE BELOW THE CRITICAL AREA... (MIGHT USE THE HOURLY FOR ENTRY BECAUSE OF THE SPEED OF MARKET) - BUT ANY TRADES FROM HERE DOWN WITH STOPS ABOUT THE HIGHS AIMING AT THE LOWS 1.19 COULD BE MORE ILL KEEP UPDATING ... GOOD CONFIRMATIONS -STOCH DIVERGENCE AND COMING OFF THE TOP - MACD CROSS OBSTACLES -21 EMA (RED) WHERE BULLS MAY TRY AND JUMP BACK IN.... I HOPE THEY DO PROVIDE ANOTHER ENTRY AND RETRACE -WILD NEWS IF YOU ARE STILL A BULL.... THANK YOU FOR YOUR HELP WE COULDN'T HAVE TRAPPED WITHOUT YOU.... HAPPY HUNTIN' HAPPY TRAPPIN' BOOBII
Short
by rickyboobii
$DUSK Ready For Another Run?$DUSK is looking like a great potential buy right now. It has bounced PERFECTLY on the .618 Fib and looks like it might be ready to break out of a falling wedge. Additionally it looks like the MACD is about to have a bullish crossover as well. I am for sure taking a position here but am still waiting for a breakout to confirm a reversal. This could be the start of Elliot Wave 3! *This is not financial advice. I am not responsible for any losses of money.*
Long
by ParCrypto
Bitcoin Bearish???Over the past few days, the Bitcoin movement was between 9500-12000$ mark, which meant there can be a pump or a dump. The dump played out and now the market emotion is turned into fear. On the top, I can see a bearish MA cross over which means it can again go down to 9500$ mark, which means more possibility to go below and fill the 8200$ gap. Further, it can create panic selling and dump up to 7600$. Let's see how it plays out as previous I have mentioned about the dump in my Renko Chart.
BITSTAMP:BTCUSD
by setrader33
1
LTCBTC in priming for a breakout?We observe LTCBTC's first markup in a 3 part impulse wave, followed by a pretty dramatic 2 part correction wave, and markdown back to the 200MA (in red). It is a pretty solid double bottom on the 200MA to indicate a strong support level/indicator. This is followed by a rebound and flag consolidation at the converging 50MA (in green) and 100MA (in orange). Price action has also been very obedient to the Fibonacci Levels - trade set ups can be referenced from these levels for entries and exits according to your risk tolerances. The bullish scenario would be for a breakout from the flag breaking above the 50MA and 100MA simultaneously, in attempts to retest the 78% Fib level. This looks quite possible from the likely MACD cross - although you may want to be wary of a fakeout, as the shorter line (blue) seems to be tipping over, and the longer line (orange) has not seen a clean break. The ADX momentum is also weak, with very minimal DI divergence (regardless, both of these indicators are 'lagging indicators', and should not be your sole source of analysis). The bearish scenario, would be for a rejection of the 50MA and price action back down to the 200MA. It is however, unlikely for the price to fall below the 200MA as it would spell disaster. For those who pay attention to fundamentals and news, the Litecoin halving is just a couple months away, and sentiment is generally bullish.
Long
by gingerbre4d
PARTY LIKE ITS 1999"Those Who Do Not Learn History Are Doomed To Repeat It." Qualcomm is mimicking the Chart Pattern it took during 1999-2000. QCOM just spiked over 45%, similar to the meteoric rise it experienced during the Dotcom bubble. The correction that Qualcomm is experiencing will reverse quickly after Chinese impose their retaliatory tariffs. (June 1st) So Before July 19th we should see another pulse upward in-between 5-15% that replicates the spike in 2000 after the initial price action. MACD, RSI, volatility and time cycles all play key factors here. After the pulse whether QCOM rises or falls depends on the trend of AAPL and the market.
NASDAQ:QCOM
by kingmidasLXIX
1
GANN Box Setup and Positive Momentum for RIVTSXV:RIV appeared on the screener for MACD Crossover play. Looking further into trade setup we can see that it found similar support as back in early January with the exact same indicator buy signals. MACD Crossed over Stoch and RSI at healthy levels ADX curve has a fantastic trend strength Wave trend oscillator showing a buying opportunity just a few days before the MACD breakout As long as we stay above the support line in the Gann Box then the trade is active.
RLong
by EpicWasteland
Gann Box and MACD AnalysisTSX:PEY appeared on my screener for a MACD crossover play. I applied Gann box and it looks like we are coming up on a critical point with the potential for the move upwards. I have shown the 48 Day periods which is part of Gann's 192-day cycle to see if there are any points of reversals and it lines up pretty nicely. It appears that we just passed a 48 Day point and have consolidated until we reach that critical angle. We have reached the 15-Day mark after the spring equinox which Gann identifies as an important date to look for. Looking at the chart above we can see that it's primed for a breakout based on the following reasons: We are not only at the 52-Week Low but it also just peaked out of the Wave Trend "Buy" zone; ADX value of 25 confirms the trend is strong; Stoch and RSI are both low enough to still jump in the trend; MACD crossover confirms entry. What are your thoughts?
TSX:PEYLong
by EpicWasteland
Update to #GBPJPY - MACD Continuation - Explaining my approach.Hey Traders, Here is a prime example of why I have some tools to help me OPEN positions, and others to help me CLOSE them. As we can see our continuation trade in GBPJPY has gone very well, smashing through target 1. (Check my other ideas for the original trade). We are approaching T2. Now for me, T2 is not a rigid target like T1 is, if I believe momentum is in my favor I will have NO T2 and simply trail a stop behind the low of each daily candle until I am stopped, my goal is to capture as MUCH of the trend as possible, so I don't mind giving back some profit. However, in this situation I want to take profit at T2 and then be out. As we can see here by the white line, we are approaching a point that has served as support and resistance many many times. We want to be weary of this level. Let's say I didn't have a level of clear resistance or high volume, how do I know when to get out? Well, I use an exit indicator, specifically the TSI. I believe people traditionally use TSI to go long and short on 0 line crosses. I haven't found that to be very effective. But take a look at the red lines on the TSI which indicate +/-50, notice that a cross while over/under 50 seems like an excellent place to EXIT a trade you were already in. And I use it for just that. I do NOT fade the market or reverse my position after a cross here though. The reason being is that the market still has momentum upward until sellers come in and prove otherwise. Traders who constantly attempt to call reversals and fade the market typically get REKT, trust me, I've tried it. A very fruitful career can be made solely on continuation trading, I suggest finding a method for getting in, create strict trade management rules that do not change, and find an exit indicator to get you out. Try to build your own human algorithm. Best of luck traders.
by CT-Jaguar
GBPJPY - Long - Daily Chart - MACD Continuation TradeEntering on a bullish MACD cross while ABOVE zero-line , signaling bullish continuation. Note that I use MACD ONLY for continuation and do not attempt to find reversals using the MACD as I do not find it to be very accurate in FX Trade is on the daily timeframe and has a 1 ATR stoploss (148 pips), 1ATR target 1 where I take 50% of my position off and move stop to breakeven, then I use a trailing stop following the other 50% of my position setting my stop at the low of each subsequent daily candle that continues higher. These trades can take many days to play out and I often hold over the weekends, do not take this trade if you struggle to control your risk or are uncomfortable holding for weeks at a time. I expect this setup to go against me over the next few days as this was already a strong move up and may need to cool off for a day or 2, I expect to hit profit targets sometime next week but don't trade based on time. It is also important to note that I normally allocate up to 1.5% account risk on continuation trades however I do not risk over 1% when I trade GBP (due to the fundamentals around Brexit). A similar trade to this could also be expressed by shorting EURGBP although that pair has not made a signal on the indicators yet and is most dramatically news driven. The historical probability of MACD continuations on the top 20 fx pairs (with my 1ATR parameters) is around 68%, please perform your own backtesting of this strategy as you can achieve higher or lower probability results using different stop losses and profit targets. Best of luck traders.
Long
by CT-Jaguar
1
EURJPY possible Long opportunity!Hello traders! In the last month the EURJPY has created a Bullish Support trendline. The price of the EURJPY is getting close to this area again, and so we should expect a bullish bounce up from this trendline. MACD is already crossed but I think it's a fake cross and the price will drop down just a bit and then it should make a nice cross. RSI is going Oversold. I would recommend placing your stops below the Support level that you can see on the chart and placing your limits below the last big Resistance level and that level is around 125.90. I wish you the best of luck with your trading :) .
Long
by JanMachacek