Mechanicaltradingsystem
Trend following Short on USD/CADMy systematic view of the USD/CAD , the stop loss have to be a close above the stop line , the trend is still powerful we can hold for a bigger target
too early analysis but I'll update if i find some changes to make :)
Short on NZD/USDMy systematic view on NZD/USD , we wait for the breakout to take a short
the stop loss have to be a close above the stop line . I'll wait and observe if we can go to the second target
AUDJPY: Trend ContinuationSignal: Double Bottom
Confluence: Hidden Divergence
Confirmation: Piercing Line Candlestick Pattern
Good luck to all trading AUDJPY!
04/04-2020: short EUA parallel channel highlights the angle of the trend present in the current market on a 30 minute timeframe. The channel is DESCENDING. A descending channel is a bear trend. A break of the channel indicates bullish momentum. With momentum increasing we can expect a pullback against the trend. We may now begin to look for an entry in the direction of the trend. Most of the time such a chance is provided near a fibonacci retracement level. The 38,2%, 50% and 61,8% are all widely used.
The 5 point fibonacci tool (XABCD) shows confluence with 38.2%, 61.8% and 161.8% fibonacci ratios within the pattern.
A resistance level is found just above the completion point of the pattern. By using the 3 point fibonacci tool, the 1.414 level plotted on the chart shows a 141.40% extension of AB projected from C. The 1.414 level is used for alternate ab=cd patterns. The 1.414 AB=CD is converging with a 61.8% retracement, confluenced by a 161.8% extension.
A diagonal red line is used to highlight and illustrates hidden bearish divergence (RSI indicator is showing higher highs, while price is forming lower highs!)
A break below the blue trendline indicates a shift in the momentum.
If the resistance level is broken (cluster), another opportunity to sell short this market may occur around these levels:
Please like the chart if you find the analysis valuable!
Good luck to all trading EUR/USD!
Not Sure If This Is Even A Legal DrawingHey, if anything it highlights what I hope will happen with this one.
USDCAD Weekly Long Idea. Mechanical Entry about giHidden Pivot looks to have us in a long here. Dugong with his TTM and god mode in that wonderful indicator down there is showing us some confirmation of the price action idea's I have for the weekly. This is long term, and FX so... you know. Don't be surprised. But I like the strength.
US30 Dow Jones Indices (07/03/2019) Technical CallA SHORT ENTRY had been triggered since 04/03/2019 when price broke the 25878 resistance level.
A profit of 464 pips and a risk reward ratio of 1.56, if you manage to close the SHORT position at 25414 and ongoing lower today.
Today at this moment while publishing this idea, another SHORT signal has been triggered by the TAD System.
How to define a SHORT using the TAD System?
If you observe, there are 3 down arrows for TURTLE, ATOM & DUCK indicators and this result to a SHORT ENTRY.
Are you interested with the TAD System in Trading View?
If you are please do drop a message or visit f1traderacademy.com to contact one of our personnel.
The TURTLE indicator is to be used alongside with the ATOM and DUCK indicators.
As with all 3 indicators used alongside, it becomes the TAD System.
To complete your TAD System setup you still require:
To add the F1 TURTLE indicator as favorite script:
To add the F1 ATOM indicator as favorite script:
To add the F1 DUCK indicator as favorite script:
Have FUN Trading !!!
Cheers ~
Disclaimer: All charts and strategies are meant for education purpose only and not a recommendation to buy or sell any product. Do understand your risks and money management before committing.
US30 Dow Jones Indices (05/03/2019)The long awaited SHORT entry has finally been triggered based on the TAD System. The TAD System consists of a combination of 3 indicators which are the TURTLE, ATOM & DUCK.
How to define a SHORT using the TAD System?
If you observed 3 down arrows for TURTLE, ATOM & DUCK.
Besides from a technical analysis point of view, the support level of 25875 and 25765 has broken, uptrend channel has also broke, causing a sign of change of trend.
SHORT ENTRY - 25878
STOP LOSS - 26252
TP - 25500 (personally I prefer to trail my stop loss)
Disclaimer: All charts and strategies are meant for education purpose only and not a recommendation to buy or sell any product. Do understand your risks and money management before committing.
US30 Dow Jones Indices (27/02/2019) AnalysisA LONG ENTRY had been triggered since 12 February 2019 and had been holding onto the LONG position to date 26 February 2019 (total of 14 days).
A profit of 915 pips and a risk reward ratio of 2.83, if manage to close the LONG position at the highest point within these 14 days.
Meantime it is still a LONG position and yet to exit the LONG position as price is currently still within the Uptrend Channel.
As of 26 February 2019, a BULLISH ENGULFING candle pattern is formed and confirmed with the stochastic oversold crossover level which shows an opportunity to BUY on dip or LONG at retracement.
US30 Dow Jones IndicesA LONG ENTRY had been triggered since 12 February 2019 and had been holding onto the LONG position to date 26 February 2019 (total of 14 days).
A profit of 915 pips and a risk reward ratio of 2.83, if manage to close the LONG position at the highest point within these 14 days.
Meantime it is still a LONG position and yet to exit the LONG position as price is currently still within the Uptrend Channel.
As of 26 February 2019, a BULLISH ENGULFING candle pattern is formed and confirmed with the stochastic oversold crossover level which shows an opportunity to BUY on dip or LONG at retracement.
GBCAD short opportunityMy System is a mechanical trading System, I use two kinds of Indicators, EMAs and Bollinger Bands .
If the next candle closes and faster EMA crosses slower EMA to the bottom, i'll place a short position.
Bollinger Bands are also giving hints on a trendchange.
Wait for the close of the actual 4H candle, that verifies the signal.
This is only the opinion if the writer and should not be seen as investment advice.
EURNZD shortMy System is a mechanical trading System, I use two kinds of Indicators, EMAs and Bollinger Bands .
If the next candle closes and faster EMA crosses slower EMA to the bottom, i'll place a short position.
Bollinger Bands are also giving hints on a trendchange.
This is only the opinion if the writer and should not be seen as investment advice.
Short opportunity EURUSDMy System is a mechanical trading System, I use two kinds of Indicators, EMAs and Bollinger Bands .
If the next candle closes and faster EMA crosses slower EMA to the bottom, i'll place a short position.
Bollinger Bands are also giving hints on a trendchange.
This is only the opinion if the writer and should not be seen as investment advice.
Short JP225My mechanical Tradingsystem gives me a short Signal for JP225. Trade is active since 22164 with SL 22430. TP will be opposite Signal
XRP Sell opportunityMy System is a mechanical trading System, I use two kinds of Indicators, EMAs and Bollinger Bands .
If the next candle closes and faster EMA crosses slower EMA to the bottom, i'll place a short position.
Bollinger Bands are also giving hints on a trendchange.
This is only the opinion if the writer and should not be seen as investment advice.
XVG buy opportunityMy System is a mechanical trading System, I use two kinds of Indicators, EMAs and Bollinger Bands.
If the next candle closes and faster EMA crosses slower EMA to the top, i'll place a long position.
This is only the opinion if the writer and should not be seen as investment advice.
LONG GBPUSD Outlook and Projection Top Down Analysis1 minute ago
This is my first post and I will like everyone reading it to maintain an open mind as I will be analysing the GBPUSD 0.03% chart based on current price action. Later I will discuss my trading strategy (and a bit about my 11years trading background) which should be easy to follow and do not hesitate to ask questions in case you felt I left certain explanation or you are particularly lost.
The Sterling has been performing better than it's US Dollar 0.01% counterparty as of 9th August 2017 from October 2016 and it will be worthy to note some significant development to shape my decision making in the next coming weeks.
As of today 9th August 2017 I will discuss a top down analysis approach starting with a weekly chart.
There are are couple of fundamentals data coming out of US and UK,this data such as :
CPI 0.18% in the 2 region
Retail Sales
University of Michigan Consumer Confidence data
All these data in the fundamentals can have some impact in the move we can see in the GBPUSD 0.03% going to next week.
1.From my Technical Perspective,there has been a Weekly 12EMA crossover the 36EMA to the upside. I read this as a potential signal of trend change in the making and I will add some other indicative reasons to this to maintain a bias in the move I will be expecting over the coming week. Bear in mind I will always maintain Long,Short or Neutral Zone indication as price develops.
2.Before that Weekly Crossover to buttress or add to confluence of indications that I will be considering will be the Market failure.Market failure is an indication that price has failed to make a new lower low and this higher low is formed at 1.19873. If we trade below 1.19873 that new trend that is potentially forming has been reset and new reference will be the Real low.
3.A new High @1.3048 formed after the Initial High @ 1.2775/95 has confirmed the beginning of new trend. A new higher low will be followup @1.2639
4.A 2nd Higher High was formed recently @ 1.3268 to further consolidate my current long bias.At this high we hit our longer term down/resistance trendline @ the 8th point.This zone is a Huge Significant zone that can send the price of GBPUSD 0.03% Technically to a new lower low below 1.16496 potential to a new bearish target. And that is why the UK Manufacturing Production Data that is expected tomorrow can be of a directional biased in the currrent price action of GBPUSD 0.03% .The last data came out @ -0.2% and the previous 4 also came out missing expectation at negative numbers. Having 2 quarters of negative data released which tomorrow one is anticipated positive can send GBPUSD 0.03% rate down potentially a 6 months of negative fundamental data is classified as recession.Although technically price are looking strong at the back negative Dollar we are seeing currently in the market.
5.A new higher low is the expectation and thus I will be building my Longs around Support Zone:
1.29328- 3 Week Low
1.2945- Weekly 12 EMA as Support bounce
1.2989- 2 Week Low
FOR DAY TRADING STRATEGY(Next 2-4days) Long Setup if the day close as a potential Doji
The strategy will be I will split whatever 2% of my account capital is into 3 and take 3 different position at 3 different prices above.
STOP LOSS will be managed around 1.2785
Targets will be looked for around d zones of 1.3050/100 Initially.
SHORT SETUP Scenario
BUT for a weekly Short Continuation should in case the data came in Negative for Sterling on a huge level tomorrow.
Any close below Monday Low 1.2952 can resume the further Shorts coming into the Sterling against the Dollar to target a huge Support Trendline and 200EMA @ 1.2967 area towards Brexit low @ 1.2795 zone.
As of the current moment when am publishing this outlook the GBPUSD 0.03% is looking a bit positive of about 0.1% and 14 pips daily range positive and for as long as we are above 1.2965 Monthly and 1.2988 Weekly Support area the bias is looking positive into some important fundamental d
