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Macdcrossover

KOTAK MAHINDRA IS A BUY !My previous chart on kotak mahindra bank is a little off, so i thought i'll make a fresh one. Bullish Signals The daily candle formed a bullish engulfing candle. The Stochastic RSI is oversold and is attempting a reversal. The MACD on the Daily is converging and had a bullish crossover on the 4H. This is currently a sideways market, Bollinger bands are useful for determining a reversal. The price action just hit the lower band and reversal with the above mentioned signals. -Kautilya.K
BSE:KOTAKBANKLong
by kautilya_k
Falling Wedge Is A Good Sign For QuantQuant had an amazing run from late May through mid July. A correction was needed and it appears that it is complete. There was a perfect retrace to the bottom of the .618 Fibonacci zone. During the correction, volume decreased (bullish) and a nice falling wedge has been formed. It looks like this wedge could be broken soon because there is about to be a bullish cross on the MACD chart for the first time since May. After this last cross occurred, there was a 6x in price. We may not see that kind of growth this time around but we should see a nice spike in the price. *This is not financial advice. I am not responsible for any losses of money.*
Long
by ParCrypto
GBPAUD 1H MACD TREND FOLLOWING STRATEGYStep #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business. The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher than all previous swing high points. While a lower high happens when the swing point is lower than the previous swing high point. Step #2: Connect the MACD line swing points that you have identified in Step #1 with a trendline This step is quite simple, right? At this point, we really ignored the MACD histogram because much of the information contained by the histogram is already showing up by the moving averages. Look at the price action now and compare it to our MACD trendline we drew early. We can clearly notice that the MACD contains the price action much better and reflects the trend much clear. But, at this point, we’re still not done with the MACD indicator, which brings us to the critical part of our MACD Trend Following Strategy. Step #3: Wait for the MACD line to break above the trendline. (Entry at the market price as soon as the MACD line breaks above) When the MACD line (the blue line) crosses the signal line (the orange line) it’s an early signal that a bullish trend might start. However, if trading would be that easy we would all be millionaires, right? And that’s the reason why our MACD Trend Following Strategy is so unique. We’re not only waiting for the MACD moving averages to cross over but we also have our other criteria for the price action to break aka the trend line we drew early. This is a clever way to filter out the false MACD signals, but you have to be equipped with the right mindset and have patience until all the piece of the puzzle come together. If you were to trade just based on the MACD crossover over time you’ll lose money because that’s not a reliable strategy. But if you use the MACD indicator along with other criteria such what this strategy tells you to do, you will find great trade entries on a consistent basis. Step #4: Use Protective Stop Loss Order. (Place the SL below the most recent swing low) Now, that you already know how to enter a trade at this point you have to learn how to manage risk and where to place the SL. After all, a trader is basically a risk manager. You want to place your stop loss below the most recent low, like in the figure below. But make sure you add a buffer of 5-10 pips away from the low, to protect yourself from possible false breakouts. The MACD Trend Following Strategy triggered the buy signal right at the start of a new trend and what is most important the timing is more than perfection. We bought GBP/AUD the same day the bullish divergence trend started. Now, what this has to do with the SL? Basically, a good entry price means a smaller stop loss and ultimately it means you’ll lose a lot less comparing it with the profit potential, so a positive risk to reward ratio. Step #5: Take Profit when the MACD crossover happens in the opposite direction of our entry Knowing when to take profit is as important as knowing when to enter a trade. However, we want to make sure we don’t use the same trading technique as for our entry order. When the MACD line (the blue line) produces signal line crossovers (the orange line) we want to close the position and take full profits. Before taking profits, it’s important to wait for the candle close – either the 4h or the daily candle – depending on the time frame you trade so you make sure the MACD crossover actually happens. Note** The above was an example of a buy trade using the MACD Trend Following Strategy. Use the exact same rules – but in reverse – for a sell trade.
by Tradingstrategyguides
2
MONDAY 4h MACD CROSSOVER ZERO LINE STRATEGYStart scanning your trading pairs on 4h after the beginning of the new Monday Trading session Setup chart with 50 sma & 100 sma Setup chart with a Macd default setting of 12-26-9 Find a Macd indicator that shows zero line like TV - Indicators - Public Library - Macd Crossover Trade Setup 4H When Macd Blue like crosses over Zero line (above is buy signal - below is sell signal) Enter at opening of next candle after crossover TP - can be 50 to 100 pips or you decide your own exit strategy SL - below/above macd crossover candle
by Tradingstrategyguides
Playing the bands or setting the tape?Hi Guys, First off, this is not advice, nor is it science or a prediction, this is just to discuss price action. So, looking at the charts over the last couple of days, specifically at the Relative Strength Index, I noticed that Bitcoin has been at its highest oversold level since.... ever. Additionally, despite the recent appreciation and inflows, the RSI is still at tame levels, sitting around 50. This being said, there is a clear uptrend in the RSI suggesting a potentially overbought Bitcoin in the near future. (A) On top of that, we are seeing MACD action that we haven't seen since mid-2017 with a rising trend from extreme lows with a bullish crossover, closing the signal gap. (B) Additionally, looking at the general price and volume trends, you can see that there is clear and present bullish support at $3200 as evidenced by the morning Doji star pattern formed on December 15. (C) Now, considering the increasing volume of the past 4 days, it seems fair to assume that BTC is going to at least test the first resistance around $4200. (1) If the bulls succeed in their efforts to clear that threshold, I see room for further appreciation to the $5600-6400 range. (2) Though it is a stretch. This being said, BTC bulls have had many disappointing turnouts in previous setups. Indeed, Bitcoin has been pretty in line with Bollinger Band theory and the 61.8% Fibonacci level. As such, I see two scenarios were bulls could be in for a rough ride. 1 - Bitcoin appreciates to test the $4200 resistance bringing the price range close to the top of the bands. Considering how the market responds in these setups, and cognizant of the rising RSI trend, it is likely that Bitcoin would fall back to the lower band. Now, depending on the severity and velocity of the ascent, the fall will be soft or hard. Seeing that Christmas is at the corner, I would hope Santa blesses us with a soft landing ;) 2- Considering Bitcoin's long-lasting history with the 61.8% Fibonacci level, how likely is it that we would clear that $5200 spot? To be honest, no one knows. This being said, this doesn't mean you can't expect some things to be more likely than others and prepare for them. If you remember October 2017, you will remember that the $5200 level was the support line for Bitcoin prior to its meteoric rise. So, considering its past significance, I don't think that a normalization around $5200 is out of sight. So, what do you think? Looking at the technicals, I am very undecided, but then I start thinking about fundamentals. Remember how Tom Lee found that 95% of BTC's price action is explained by wallet creation and transaction output? I hope you do because we are only in the early stages of price discovery for this asset class. Just this year, NASDAQ and Bakkt are3 planning to open more futures contract on BTC for 2019, Yale and Fidelity also announced significant moves. So why are we still down? I think its all about misplaced speculation. This is why I want to figure out the best spots to better my dollar cost average for my Bitcoin position. I am not interested in the short market, I want to see this technology thrive, and to do so, I know it will need money, so let it pour in! Looking forward to hearing what you guys think :) -TheIntern
BITFINEX:BTCUSDLong
by TheIntern
Nebulas: It's all systems go!NASBTC looking good after a strong bounce from support of the bullish symmetrical triangle. There is a small chance that this formation is a bearish pennant continuation pattern, however, looking at the 1D chart, price has had a strong bounce from triangle support, StochRSI is oversold and MACD shows potential for an upwards crossover. There is also bullish divergence showing on the 4H chart (see pic below). Nebulas has teamed up with Nuls (NULS), Bytom (BTM) and a few others to form the Blockchain Alliance Initiative which will work towards curbing vicious competition between public blockchains and they aim to open up their isolated ecosystems to new users and developers. Nebulas already has over 6800 dApps on its mainnet, they have strong advisory and backing and not bad R:R for a short term trade. Buy between 0.0002300 - 0.0002400 Target 1: 0.0004030 - 0.0004220 Target 2: 0.0004520 - 0.0004780 Stop loss: 0.0001900 Good luck and happy trading!
NLong
by Corn_Reaper
EURAUD 4H SHORT TRADESThis pair has been in an uptrend for a long time and still going Trading against the trend is risky If price goes against you close trade early There is price divergence compared to the Macd 1st Short trade Macd has crossed below the red line - bearish pullback bias 1st Sell Stop @ 1.6285 1st Take Profit @ 1.6205 SL above swing high 2nd Short trade Macd should still be below red line and have crossed the red zero line also 2nd Sell Stop @ 1.6125 2nd Take Profit @1.6035 Find appropriate SL
Short
by Tradingstrategyguides