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Moving Averages

Golden pocket and MACD golden crossover?Hello all, welcome back to the Sunday market update! Beside the sideways moves during the movement of last week, here it comes again the interesting in the crypto market. Patience is the key before you jump in the market for now. Let's do this technical analysis about bitcoin. Like what I've shared on the previous analysis of the bitcoin, $8500 is moving align with the golden pocket zone and the $8000 is moving align with the .786 fib levels and both levels obviously are a major support that must be respected so far. The $8000 is a huge psychological zone for bitcoin, Huge price action activity has occured in this level which is great! Knowing that current price is moving just near the golden pocket zone as a great support, we must realize that the moving average line on MACD is having a big probability to do a golden crossover on 4 hours chart. The RSI has shown us a bullish divergence with lower low on price action but higher low on RSI. This is a perfect set up for long opportunity. I will open a long position if the price claims back the $8700 as the shadow support respected and of course when the golden crossover occur on the MACD dynamic line. Patience is the key, waiting will keep you on the track.
BITFINEX:BTCUSDEducation
by julio24albert
APEX and RippleHello fellas, Here it is I represent to you my view about Ripple. Based on the technical analysis, I found an important pattern which forms a descending type of the triangle. But, once again I remind you that even the descending triangle which usually indicate a bearish pressure, it has a potential to make it a failure too. However, I only see that currently the price for ripple has already trended in the APEX of this huge triangle on weekly chart. These are the 2 scenarios : 1. Break out of the resistance trend line : will lead the price to $0.47 or even $0.87 in mid term 2. Break down of the support line : will lead the price to form new low in 2019 around $0.14 Thank you
BITFINEX:XRPUSDEducation
by julio24albert
Manipulation, Death Cross and Xi Jinping's statementHello fellas, welcome back to our Saturday update about bitcoin. Let's get to the point We have seen a 40% surge on bitcoin in 1 day of trading. However, even in crypto industry, this is still a tremendous moves so far and unfortunately, once again it indicates that the crypto market is showing its unstable circumstance which can easily manipulated. Just right before the 40% surge, the China president, Xi Jinping shared his view about bitcoin and announce a support on blockchain in China. However, this gives a tremendous effect on crypto market. Altcoin's market lose a lot of volume but on the other hand, money inflow in bitcoin is growing even faster. I believe that it is only the manipulation that some parties made to wipe out the people who short the market. I do expect a little pullback to the upside but I never thought that it was this tremendous. I am a type of the people who don't believe in fundamental analysis, I am 100% technical believer. All the short term spike is just manipulative as always. Now, look at the higher time frame of daily chart. After the 40% surge to the upside, today's candle produce the 12% wick of rejection and is still moving below the white resistance region. this white resistance region was the broken support that is now become resistance as well. And the white trend line is the resistance trend line that has held the price since june 26th, 2019. As long as the price is still moving below this trend line, I will still remain bearish as well. Another view on another technical indicator, which is EMA 55 and MA 200, we can easily deduce the death cross has already occured. However, death cross is always be the most respected factor to look for most of swing traders. I am expecting a daily candle closure will be below the EMA 55 which is the blue dynamic line to confirm this continuation of down trend.
BITFINEX:BTCUSDEducation
by julio24albert
[AU] Mnemosyne v04 Mnemosyne v04 Fibonacci oscillator with Lead-Follower-Base design and optional dynamic Caution Zones. Adjustable lengths and new defaults for Lead, Follower 1/2, Base 12 Smoothing options available: "SMA", "HMA (Hull)", "EHMA (Exponential Hull)", "EMA", "RMA", "WMA", "DWMA (Double Weighted MA)", "Ahrens MA", "ZLEMA (Zero-Lag Exponential MA)", "LSMA (Least Squares MA)", "JMA (Jurik MA)", "T3 (Tilson MA)" Shown here from top to bottom: Mnemosyne with SMA, Hull, JMA, LSMA. Each line has an adjustable length and configurable smoothing options available.
BITMEX:BTCUSD.PEducation
by auroagwei
normalization/range clamp for cbci testExample chart testing artificial range clamping for the Constance Brown Composite Index (CBCI), which was deliberately designed to not be range bound to address some of the limitations and shortcomings of the RSI formula. Here, an artificial value clamp/range bound 0-100 is reintroduced in the name of science, to see what would happen to key crossovers on a momentum-enabled indicator with no defined "floor" or "ceiling". In short, I'm a huge fan of the CBCI - this isn't the first, and most certainly won't be the last time I explore modifications to the composite index and RSI.
BITMEX:BTCUSD.PEducation
by auroagwei
1
Why A Cascading SMA Approximate A Gaussian Filter ?Introduction The gaussian filter don't see many uses in technical analysis and financial data smoothing in general, however it possess really interesting properties and a really close relationship with the simple moving average. The gaussian filter is a filter which possess a function approximately gaussian (bell shaped curve) as : impulse response, step response and frequency response. This characteristic is pretty cool actually, the gaussian function is always mysterious. Now why do I talk about sma and estimation ? Well it is true, you can estimate a gaussian filter by applying an sma to another sma and so on such as : sma(...sma()) But why ? Just why is that so ? Well there are a lot of explanations, some of them involving the central limit theorem which would lead to a statistical explanation but I'll give a simpler explanation of this case by using signal processing. Understanding Impulses Responses The impulse response of a filter is the filter output using an impulse function as input or more simply : filter(impulse) The impulse function is a simple function equal to 1 at a certain point in time, for example we can use : impulse = 1 if t = 10 else 0, where t = 1,2,3...inf The impulse response of a filter tell us how to actually make the filter, for example : a = filter(impulse) b = sum(input*a) = filter(input) This process is called convolution, and is simply the sum of the product of two functions, the input function and the kernel function, a kernel is just a way to say filter coefficients. The Explanation Now that you know that, let's explain why sma(...sma()) approximate a gaussian filter. To do so let's take an impulse function and let's start applying an sma to it such as sma(impulse) (the sma period doesn't matter here) Only one sma give a constant, let's use two sma's such as sma(sma(impulse)) This give us a triangular function, this is why sma(sma()) is often called triangular moving average, now let's repeat the process and add more sma's. Do you see ? We are approximating a gaussian curve, if we do it many times the approximation will be even more correct. Now let's recall : The impulse response of a gaussian filter is a gaussian function f The impulse response of many sma's give a function f' who approximate a gaussian function, therefore f ≈ f' So sum(input*f') ≈ sum(input*f) and therefore sma(...sma(input)) ≈ gaussfilter(input) Note : the process of applying a filter several time is called cascading Conclusion Simple isn't it ? The simple moving average is always fun to use and posses many properties, now you don't want to use such method because it's mega inefficient. But maybe that you want to know about an efficient gaussian filter implementation ? I can work on it. Thanks for reading !
Education
by alexgrover
14
4 hours chart : trend line, MA and the histogram on MACDLooking at the 4 hours chart, which is moving align with my yesterday's analysis about bitcoin. Current condition shows that the price is showing a rejection toward the previous support that is now become resistance as well. Beside that, I've seen the rejection when the price was trying to surpassed the MA 200 on 4 hours chart. The RSI on 4 hours chart is trending at under the 50 level which indicates the price is entering the bearish zone right now . The MACD histogram was once again ticking down to pass the previous wave low. So far, current price is moving align with my yesterday's bias and I will give you more details update when the weekly candle close. Thank you
BITFINEX:BTCUSDEducation
by julio24albert
1
Comparison of PRISM and FG-DIVERGENCE generated Buy/Sell SignalsPRISM Signals (Lime/Red) Buy/Sell signals based on filtered pSAR-based Monemtum/Acceleration/Jerk oscillator. [ p.Doji ] marks points of market-indecisiveness, and where typically, significant volatility and movement is about to occur ahead. FG-DIVERGENCE V4 {50/15-Series} (Light-Blue/Orange) Buy/Sell signals based on Momentum/Acceleration hybridized FUSIONGAPS oscillator. Seems to have a high hit-rate for local tops and bottoms at different time-frames. ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ The above are based on the following two respective Indicators PRISM Signals FG-DIVERGENCE V4 {50/15-Series} ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ Related Indicators PRISM {PSAR+RSI/STOCH/MAJ Oscillator Set} FUSIONGAPS V4 {50/15-Series} FG-DIVERGENCE V4 {50/15-Series} ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ Note: In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades. Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions. ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ Please check out my other indicators sets and series, e.g. LIVIDITIUM (dynamic levels), AEONDRIFT (multi-levels standard deviation bands), FUSIONGAPS (MA based oscillators), MAJESTIC (Momentum/Acceleration/Jerk Oscillators), PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators), PDF (parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level) and more to come. Constructive feedback and suggestions are welcome. If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~ JuniAiko (=^~^=)v~
BITSTAMP:BTCUSDEducation
by cybernetwork
4
Room to grow, support and resistance for bitcoinFor all of you who has opened a long position since my last signal should be in an amazing profit by now. That's why congratulation for all of you my baby. here we come with another view on bitcoin based on daily chart. First, the last volatility is just amazing and if you have seen my previous analysis about bitcoin, you should have opened long position since $9500 region. Right now, the price is trending inside the huge descending triangle and I clearly see the potential of the price to fill the empty room toward the upper line of the triangle. but, looking at the size of current daily chart, it has a huge possibility for bitcoin to have a spike toward the golden pocket zone or even at the 78.6% fib retracement region before another drop to the downside. Looking at the MACD indicator right now, the histogram has a significant ticking up to the upside and to the positive side. if this condition can hold until the daily candle close, I firmly believe that the price will fill the empty room toward the upper line of the triangle. Currently the price has already claimed back the dynamic support on daily chart and this is a pretty good sign for me. Thank you I will keep on updating about bitcoin's current moves.
BITFINEX:BTCUSDEducation
by julio24albert
1
HOW TO READ THE BTC DOMINANCE CHART AND WHY YOU SHOULD USE IT!So, the title is obvious. Why should you be using this chart. Well unless you want to keep your Bitcoin, pin your ears back. When BTC dominance is going up and keeps going up it means only one thing. Bitcoin is moving faster than alt-coins meaning your alt holdings are bleeding BTC at a heavy rate. Too many people think they are winning in this industry because USD is up... When in actual fact they have lost a couple of BTC without noticing. So take note of the dominance chart. Set an alert within a trend. If it is going down, look at altcoins to trade. If it is going up hold Bitcoin.
CRYPTOCAP:BTC.DEducation
by CryptoMobster
3
A Renko Strategy for Trading - Part 9This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. Chart setup : (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red Renko Chart Settings Crude Oil (TVC:USOil): renko/traditional/blksize .05/.10/.25 Natural Gas (ngas): renko/traditional/blksize .005/.010/.025 Soybeans/Wheat/Corn (soybnusd/wheatusd/cornusd): can use the ngas setup S&P 500 (spx500usd): renko/traditional/blksize 2.5/5.0/12.5 Euros (EURUSD): renko/traditional/blksize .0005/.0010/.0025
FX:NGASEducation
by mxb1961
A Renko Strategy for Trading - Part 7 Refactor/RefinementThis is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red
FX:USOILEducation
by mxb1961
A Renko Strategy for Trading - Part 6This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. Chart setup: (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red Part 6 Only use 2 block sizes SxS to trade with. One for placing orders and one to confirm plan Previously I had many different block size charts of the same instrument but I think that causes more confusion the benefit Set interval to 1 minute for all charts and block sizes Potential block sizes to consider or experiment with: Crude Oil: .10/.20 Currencies: .0005/.0010 BTCUSD: 10/20 SPX500: 2.5/5.0 Ags: .005/.010 I use BTCUSD for training purposes along with the TV paper trading capabilities. Recap: Basic analogy is that of an unconscious patient brought into an emergency department and a triage is performed to determine a plan of treatment. In this scenario, price is the patient, the indicators are probes and tests against the patient, and you're the ED physician performing the triage with the treatment plan the trading plan. This is a reactive type of trading plan. Based on observation of price, volume and indicators, a reactive order is placed with a somewhat tight stop Depending on trading style or success rate the exit strategy could be either a target method or trailing stop strategy There are guidelines for adding positions or re-entry based on choice in previous step Basic Strategy: Buying (basic) 12/20 DEMA where 12 crosses up over the 20 and + 1 block (filters) PSAR and price have swapped where price is greater than PSAR Stoch (short term - blue) is or has recently crossed from near 0 up over 20 Stoch (long term - red) is or has recently crossed from near 0 up over 20 TSI (blue) has crossed up over the signal line (red) DMI +DI moving up with -DI dropping. Ideally +DI crossed up over -DI at or soon after DEMA cross
Education
by mxb1961
Basics of Trading with EMAs using Multi Timeframes MTF ExplainedThe Basics of Trading with EMAs using Multi Timeframes MTF Explained To be able to trade successfully you need to understand how timeframes influence price movements. Here I'm using the Litecoin D1 chart to illustrate. On a chart you can see 3 sets of EMAs from different timeframes with crosses marked by dots: 12 (aqua), 26 (purple), 50 (red), 200 (blue) D1, W1, Monthly EMAs use thin, medium, and thick lines respectively. Note: W1 and Monthly don't have EMAs 50 and 200 because there's not enough history, so there are less lines to watch There are also 2 indicators: Historical Volatility and EMA Cross MTF Grid The following relation between EMAs is timeframe specific: - D1 EMA50 is roughly EMA12 of the W1 higher timeframe - D1 EMA200 is almost exactly EMA26 of the W1 higher timeframe, but not quite you can use such EMA approximations to avoid switching timeframes, for example, H1 EMA200 = H4 EMA50 or you can use my Multi SMA EMA MTF indicator. Choose timeframes wisely: M15, H1, H4, D1, W1, Mo Some people also use 195 min, 2H, 3H, 6H, 12H, 2D, 3D, 3Mo to watch how price propagates in between. General Ideas of EMA Trading: 1) Make sure you're in a trend on the current and higher timeframe. You will be more confident to set higher price targets when both timeframes are going in the same direction, and lower targets when the higher timeframe is in the opposite direction in correction. When in sideways market: - no trade high risk zone - not every EMA cross up means an up trend. you can have a sideways market with multiple crosses negating each other (Litecoin Feb-Mar 2017). EMAs won't help you there. - this is especially true for faster EMAs: 12,26. But on a Daily/Weekly even a faster EMA becomes relatively slow and therefore more reliable because a lot of effort goes into a single candle. - use a series of multiple EMA crosses on cur/higher timeframes and EMA slopes to confirm the start of a move in a specific direction - use Super Guppy/SuperTrend/PVT trend indicators to gauge trend - use a series of higher highs/higher lows, 5 waves up etc - basic methods to establish that price is trending - wait for a clear breakout with volume confirmation with 1-2 higher tf bar closes above R level, retest and follow through - look at historical volatility, buy low (blue), sell high (red) - use oscillators - switch/trade higher timeframes that are in a trend - switch/trade another asset Keep In mind: - Trading the trend on higher tfs (D1, H4) is simpler than on lower tfs with lots of noise and indecision, you have less everything: less noise, less outcomes, less lines to watch. - Sideways trading/Scalping in general is not worth the time/effort - you will most likely lose your money to bots. This is high risk trading that only applies to small positions and requires attention, precision and lots of skill to be profitable. - Trading large positions and portfolios requires higher liquidity and hedging and can be done using options or margin trading with 2 open positions in opposite directions on several exchanges. Use margin/short only when you know what you're doing. Always calculate R/R and fees. You can lose money on fees even when the trade was profitable. if you trade low liquidity coins for pennies expect flash crashes with huge wicks and stop order execution only at the bottom - use stop limit instead. Last, but not least: you don't want to become the market. If you buy up the whole asset - the price will go down, as there will be no more buyers (Oil, US History) 2) When in an up trend (Reverse is true for down trend) You can observe the following price behavior on the chart: - price is above EMA12 - up trend, likely to bounce at EMA12 => aggressive: buy the dips with a stop loss - price is below EMA12, above EMA26 - likely to bounce at EMA26 or next supporting EMA: EMA50 or EMA12 of the higher timeframe => conservative: buy the dips with a stop loss - EMA12,26 cross down - correction/sideways/reversal - start of down trend => exit longs and/or short with a stop loss after the cross or on retest of EMA12 => expect a sell off and possible retest of the closest EMA12,26,50 with further sell off => price tends to go all the way to EMA200, but can be stopped by the next supporting EMA50 or EMA12,26 of the higher timeframe in the same direction - price is below EMA200 - correction/reversal that can propagate to/cause a correction/reversal on a higher timeframe => look for a series of EMA crosses/slopes in the direction of a new trend on both cur/higher timeframes - further 2x2 crosses down EMA12,26 x EMA50,200 - additional confirmation of the trend change => expect a sell off and possible retest of EMA50,200 with further sell off - further 2x2 crosses down EMA12,26 x EMA12,26 of the higher timeframe - additional confirmation of the trend change => expect a sell off and possible retest of the closest EMA50 or EMA12,26 of the higher timeframe with further sell off - when both cur/higher timeframes have the same direction, expect a bounce at the first touch of the EMA12,26 of the higher timeframe with a move higher as sloping of EMA12,26 of the higher timeframe starts to decline expect lower bounces/sideways the price will only break down when the sloping of the higher timeframe changes to down. Even if price breaks before that it will likely be bought up immediately with a huge wick - when cur/higher timeframes have opposite directions, expect a rejection at the first touch of the EMA12,26 of the higher timeframe, price won't reach EMA200 as sloping of EMA12,26 of the higher timeframe starts to rise expect lower dips/sideways the price will only break up when the sloping of the higher timeframe changes to up. Even if price breaks sooner it will likely to be sold into immediately - you can gauge trend direction using sloping of W1 and Monthly high timeframes pretty reliably even without a cross because a lot of time/effort goes into changing it. entries: - on a EMA12x26 cross up or after on retest of EMA12 - on a 2nd EMA12x26 cross up after the price dips below and bounces at EMA26 to regain EMA12 support - after a change of slope up/cross up on a higher timeframe - on low volatility (blue, zero) - open position in the direction of a trend. If both cur/higher tf trends are up - long, down - short. If they have opposite direction use the direction of the cur tf trend and lower targets. exits: - agressive exit when EMA12 changes slope to flat/starts declining - conservative exit on EMA12,26 cross down - at a major resistance/EMA above: EMA200 or first touch of EMA12 of the higher timeframe - on high volatility (red) Notes: - you don't need EMA50, EMAs 12,26 and EMA200 will be enough, but you can use EMA50,200 golden crosses for additional confirmations - Monthly EMA12 has just slightly dipped below Monthly EMA26, stayed there for 2 months and broke back up - that's how we averted the 2019 crisis. Bottom's in - Timeframes on EMA Cross MTF Grid are from top to bottom: Mo, W1, D1, H4, H1. As you can see, Monthly, W1, D1 are smooth green while H4 and H1 are choppy and filled with crosses/noise. - EMA Cross MTF Grid crosses are lagging 1 bar, Crosses on EMA curves are also lagging due to smoothing enabled ___________________________________________________________ All EMAs are fanning up with corresponding EMA sets above each other - W1 EMA26 is crossing Monthly EMA12 => up trends on all H1,H4,D1,W1,Mo timeframes Based on all this you can expect for Litecoin: 1. up trend for coming weeks with quick dips to D1 EMA12 (128) or EMA26 (119) that will be bought up immediately Only after EMA12,26 cross down in a couple of weeks (EMA targets will move higher): 2. a larger drop to W1 EMA12 (105) which is already above the major 100 horizontal support - that will be bought up on the first pass (after the first cross the price will likely regain support of EMA12, cross back up and go higher) 3. on a major correction at some point a further drop to Mo EMA12 (81) that will again be bought up on the first pass 4. on W1 EMA12 slope change to down - a final drop to EMA200 (77) or possibly below (stop loss wick hunt) that will again be bought up on the first pass 5. a theoretical max possible drop to Mo EMA26 (72) - in a couple of months
BITFINEX:LTCUSDEducation
by RagingRocketBull
5
A Renko Strategy for Trading - Part 5This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. Chart setup: (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red
FX:USOILEducation
by mxb1961