AUDCADGood Night :)
AUDCAD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
Movingaveragecrossover
📊Moving Average(MA): Use Cases📍 What Is a Moving Average (MA)?
A Moving Average (MA) is a popular technical analysis tool used in finance to indicate the stock's average price over a certain time frame. Its purpose is to reduce price volatility by creating a continually updated average price based on the stock's historical data.
The computation of a moving average helps to minimize the influence of unpredictable and short-term price fluctuations on a stock over a designated period. Two types of moving averages are commonly used: simple moving averages (SMAs) that employ a straightforward arithmetic mean of prices over a particular timeframe, and exponential moving averages (EMAs) that prioritize recent prices over older ones by assigning them greater weight.
📍 Simple Moving Average(SMA)
A simple moving average (SMA) is a technical indicator that calculates the average of a range of prices over a specific number of time periods. It can help determine if an asset price will continue or reverse a bull or bear trend. It is an arithmetic moving average, calculated by adding recent prices and dividing by the number of time periods in the calculation. SMAs can be short-term or long-term, with short-term averages responding quickly to price changes and long-term averages being slower. Other types of moving averages include exponential moving averages (EMAs) and weighted moving averages (WMAs).
📍 What Is an Exponential Moving Average (EMA)?
The exponential moving average (EMA) is a moving average (MA) technique that assigns more weight to the most recent data points. It is also known as the exponentially weighted moving average. Compared to a simple moving average (SMA) that gives equal weight to all data points in the period, an EMA reacts more strongly to recent price changes.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
ETH TESTING 100 PERIOD MA.ETH now testing 100 period moving average on the 1Hr - we've not seen a close below since 13th march so could be a big deal if we start to break it down. on the flipside, price may rally to crack high of week. Trading is EASY, just have a plan and stick to it and if the move goes against you, make sure you didn't oversize so much in the first place so it screws you.
How are you managing your risk and moving forward? are you prepared for 1 scenario, or both?
MTF MA + DMI/ADX 15m Timeframe Upon color change of MA line, wait for first bar to close to confirm color change. Enter on 2nd color change bar on MA after cross in DMI or if DI+ or DI- is above 25 or ADX is going higher or is above 25. Set TP at 1 ATR ( I set a bit below ATR to ensure I hit my TP) SL is either a bit below previous swing high or swing low. Think I might do stop loss 1 ATR away from above moving average line. Let me know what you guys think
Ethereum Time Based Theory {UPDATE}My time based theory is still in play, and with CPI print being released tomorrow, I think the probabilities are pretty reasonable that Ethereum is going to get extremely volatile, get close to one of these two key levels, and do so roughly around the date I have plotted with a vertical line. This theory is based on bitcoin having the same type of time based volatility over the last year. Let me know if you would like more details on bitcoins time based volatility. It is truly fascinating.
Back to Basics video on examples of golden and dead crossoversCriteria for a dead crossover is that the short term moving average crosses below a longer term moving average while both are pointing lower.
Criteria for a golden crossover happen when a shorter term moving average crosses above a longer term moving average while both are turning higher
IN this example I have used a 55 and 200 day simple moving average.
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FIBONACCI 🙌the sing retest is done and it is reversing at the GOLDEN RATIO level {0.618}, next is engulfing bullish candlestick, my moving average is crossed to the bullish side while moving to break my 200SMA on 4HT. we can draw a Fib extension to get your TP levels, i expect it to break the previous sing high.
Moving Average Free Options MethodSimple to use on the 15 minute to Daily chart. When the Emas cross with green on the top buy calls within $2 strike. When cross with red on the top buy puts within $2 strike. Bottom Mac'd Ema difference should also be same color as top Ema. Green/Green or Red/Red. Any light blue line Ema or Sma can be support or resistance so be prepared to sell. Buy time never buy contracts that expire that day. Greeks will burn you. Support and resistance are the green and red stripes across the chart(also sell or buy points. Ideally enter on the 5 minute chart then switch to the 15 minute or half hour chart to eliminate noise. Happy trading.
EURJPY - W patternHello guys! EURJPY seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe. We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 140.8.
FX:EURJPY OANDA:EURJPY
📉 The "Death Cross" PatternDeath Cross, 5 Key things to watch
The "death cross" is a market chart pattern that occurs when a short-term moving average falls below a long-term moving average,
indicating recent price weakness. It is often studied using the 50-day and 200-day moving averages. The death cross pattern is more reliable
when confirmed by other indicators such as high trading volume or momentum indicators like the MACD.
These indicators can help confirm that a major trend change is occurring.
🟠 The Death Cross (convergence of moving averages) is a strong indication of a sell-off
🟠 If volume increases after the Death Cross, the downward trend is likely to strengthen
🟠 If price is above moving averages, strong volumes may be needed to suggest a turnaround
🟠 If price is below moving averages, the selling pressure is likely to be severe and any upward corrective moves will face strong resistance
🟠 The first sign of selling pressure weakens as moving averages start to turn upward
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, Please like, comment and follow ❤️
DIS - Is the bottom in?It is hard to tell what is really going to happen to disney. The valuation on a fwd PE looks to be reasonably valued as well as a low price to sales ratio. The question really is, are they going to pay down their debt over the upcoming years and will they have the free cash flow to support paying down that debt.
From a purely technical standpoint, it is at the 61.8 retracement level from the 08 lows to the 2021 highs. With price going all the way back to 2014 and at two levels of big support, I think there is good risk/reward for the short term and potentially the long term if this is it's low. I think the big driver moving forward that has to become the dominant player in the space is it's streaming business.
A close below 87 and you can see volume drop off pretty heavily so this baby can fall fast. I will most likely look to short and pick up shares at $65 if that were to happen.
This is not financial advice! Good Luck!
How Bollinger Bands work and their best parametersJust a reminder...
A Bollinger Band resembles a moving cylinder with three lines.
A top, middle and bottom line.
These three lines are plotted on any chart and you’ll see the price of the markets moving in-between these levels.
When the price crossed above the middle line, the trend is up.
When price moves and stays below the middle line, the trend is down.
There are three parts to the Bollinger Bands. Upper, Middle and Lower Bollinger Band.
Here are my parameters…
The length (20) , shows you the Moving Average of the Middle Bollinger Band. Which in this case is 20 MA and is shown in the chart as the orange line…
The Source tells us we are using closing prices in the chart…
That means, when the JSE All Share Index closes for the day – that is the closing price that will be used for the BB.
StdDev is 2… Bollinger Bands are envelopes that base a Standard Deviation above and below a simple moving average of the price.
Because the distance of the bands is based on standard deviation, that’s why we are able to see a symmetrical envelope around the price…
Most Bollinger Bands parameters are set to 20MA and 2 Standard Deviations on most charting platforms.
But now you know what to set it to, to maximise your usage...
If you have any questions about indicators feel free to ask. I've been in the markets since 2003 and enjoy sharing information...
Trade well, live free.
Timon
MATI Trader
My three favourite Moving Averages on any chartI have three Moving Averages that I plot on any market.
7 MA
21 MA
200 MA
Here is the JSE ALSI 40 with the three moving averages.
In the above daily chart of the JSE you can see I’ve plotted the 7MA (Red), 21MA (Blue) and 200MA (Black).
Now I have two simple rules for when the market is in an uptrend or a downtrend.
Downtrend with the three Moving Averages
You know the market is in a downtrend when the price is below the 200 MA.
Also, 200MA is above the 21 Moving Average.
And the 21 MA is above the 7MA.
In other words.
7MA < 21MA < 200MA.
You can see on the left part of the chart where the trend is down (Red arrow).
This tells me that the momentum is bearish and the market is more likely to fall than rise.
I will then avoid buying the market and instead will only look to short (sell) and profit from a falling market.
Then we have the
Uptrend with the three Moving Averages
What tells me the market is in an uptrend is when the price is above the 200 MA.
Also the 7MA is above the 21MA.
And the 21MA is above the 200MA.
You can see on the right part of the chart where the trend turns up (Green arrow).
This tells me that the momentum is bullish and the market is more likely to continue to rise.
I will then only look for longs (buy) the market and avoid shorting or selling the market.
Now you have my favourite 3 Moving Averages in a bag for you to plot on your chart and master the trends.
Trade well, live free.
Timon
MATI Trader
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