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Multipletimeframe

AUDNZD +140 potential shortThe Monthly and Daily time frames are Bearish. This pair has trading in a tight range since January 17 Would like to see the Kejun Sen flatten or better yet step down and that will happen if the pair respects the Resistance level. The Optimal time to start look for this trade to trigger would be after 1am as the Cloud will have thinned out making it easier to break through. Entry = 1.0645 Stop =1.0665 1st PT = 1.0505 2nd PT = 1.0356 Risk = 20 pips Reward 1st PT = 140 pips Reward 2nd PT = 289 pips RRR 1st PT = 7-1 RRR 2nd PT = 14.4 - 1
Short
by AGold54
CADCHF Potential homerun tradeThis pair is bearish on both the Monthly and Daily time frames. price is currently compressing below the Daily Senkou A (bottom of the Cloud) this is a very strong resistance level and great place for a small stop loss entry with a profit target of .7066 which is the Daily 1.27 fib extension. first we need the pair to compress slightly below the Senkou A for at least 2 more hours (starting at 1am est. ,we will look for a quick pop back up the Senkou A level for entry) Entry = .7491 Stop = .7511 Risk = 20 pips Profit target = .7066 Reward = 425 pips RRR = 21 - 1 :)
Short
by AGold54
Comprehensive Trading ProcessDisclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Consensio: (King) 5% when Price crosses Short Term MA | 10% when Price crosses Medum Term MA | 15% when Short Term MA crosses Medium Term MA | 20% when Medium MA turns over | 25% Price cross Long Term MA & Long MA flattens / turns over| 25% Golden Cross Patterns (Queen): Favorites: hyperwaves, parallel channels, descending triangle, head & shoulders, Wyckoff’s, double bottoms & tops, flags | Least favorite: symmetrical triangle Horizontals (Rook): Horizontals > trend lines Trendline (Bishop): Very powerful when used in combination with Consensio. One of my favorite setups is a trendline break alongside a reversal in Consensio. Parabolic SAR (knight): Best tool I have found for setting / adjusting stop losses. Can also be used as no trade zone. For ex: if wanting to go long and SAR is bearish (above price) then could / should wait for SAR to break before entering. BTCUSDSHORTS (pawn) : If shorts are at / near ATH’ levels then I do not want to be short and will actually have a bias for going long. Funding Rates (pawn): Helps me to understand supply / demand. When shorts are getting expensive then I expect a short squeeze to be around the corner. Contango / Backwardation (pawn): Not a timing indicator. Is used to determine bullish / bearish bias and can help to identify tops / bottoms / support and resistance. Watch the video series and Google “Ugly Old Goat Backwardation” to learn more. TD’ Sequential (pawn): “The trend is your friend until it’s about to end” -Tom Demark | Used to identify when a trend is becoming exhausted which can be very helpful to confirm or deny an entry. Ex: if wanting to go long on a green 7/8/9 then would strongly prefer to enter on correction that is expected to follow. Average Directional Index (pawn): Used to identify when trends are becoming exhausted. When ADX’ reaches resistance / ATH levels then it is likely that the trend is reaching a point of exhaustion Ichimoku Cloud (pawn): Starting to use traditional settings across the board. Crypto settings seem to make the cloud useless when markets are volatile, whereas the traditional settings seem to line up nicely with the MA’s I use for Consensio. Price Action (pawn): Helps me understand when markets are overbought / oversold in the short term. In my experience it is very rare for Bitcoin or Ethereum to move more than 10% in 24 hours. Therefore if I am wanting to enter long and the price is + > / = 7% in the past 24 hours then I will be very cautious and usually wait for a pullback / consolidation. Bollinger Bands (pawn): Very helpful for recognizing when a trading range is coming to an end, which can be very useful for spotting trends that are just starting / about to start. Also like the Bollinger Band % to help illustrate extremes. Relative Strength Index: Divergences can be very useful for understanding short term price movements and potentially full on reversals. When markets are moving I like to check the RSI on the 1h and 4h charts and pay close attention to divergences as indication that a trend could be exhausting. Stochastic Oscillator: Very useful in trending markets that have not gone parabolic. Can be helpful in ranging markets as well, but not nearly as much. Can get some very good signals on the 3d chart. If there is a buy / sell signal then I think it is best to wait for %K and %D to cross the boundary lines before considering it significant. Hierarchy of Indicators The best traders know which indicators are most important at which times. A trader is like a carpenter and the indicators are akin to his toolbelt. Through experience he or she knows which ones to reach for, exactly how they are used and what adjustments could be required for a specific circumstance. It is one thing to understand that an MA rolling over is an indication of a trend reversal. It is entirely another to fully believe it and be able to act on it. Next is understanding which indicators can be disregarded at which times and which should always be taken into account. Above lists my indicators by order of importance. However that is only a default and it will change based on market conditions. For example: if a hyperwave is present then patterns become more important than Consensio and trendlines become more important than horizontals. If market is parabolic then I find the Stochastic useless and will adjust the settings on the RSI to 30. If no trend is present then the Bollinger Band can go from a pawn to the King. It would take much too long to go into all of the different variables I can think of and how it can change the hierarchy of indicators. What is important is that you start to develop the feel for it yourself. The only way I know how to do that is through checking all of them on a regular basis, in all different types of markets (bull, bear, flat, parabolic). Learn -> Practice -> Fail -> Learn -> Practice -> Understand -> Apply -> Internalize -> Believe -> Achieve -> Fail -> Learn Monthly, Weekly & Daily Processes Daily Check daily close every day. If entry or exit was signaled then make sure to get filled within 30 minutes of close. If passing on an entry signal then notate why. Never pass on exit signal. Update trading ledger to reflect any changes (I will be posting my results in the 2 > 20 Bitcoin Trading Challenge). Go through the TA Process listed above on a daily basis (I post my analysis in the Bitcoin' Daily Update). Make sure that you are highly focused during the candle close otherwise the mistakes will compound. I prefer to go to the gym on a daily basis and be disciplined about my diet in order to maintain a high level of focus. I have also committed to a daily hot springs meditation session that has proven extremely valuable over the past year. For anyone that watches Mr. Robot think of Tyrell Wellick chopping wood while confined by himself in the forest. Having a task that is repeatable on a daily basis provides balance, perspective and focus. I find a consistent sleep schedule to be vital in my performance as a trader. I make sure that I am in bed by a certain time so that I wake up feeling refreshed / energized and ready to trade. Weekly On Sunday I will analyze the weekly chart instead of the daily chart. Trading ledger that gets updated daily is used for weekly PnL statements which get done on Saturday morning instead of preparing for traditional markets to close. I keep an excel spreadsheet for each exchange I trade on and include sections for Date, Entry, USD Inventory, BTC Inventory, Withdrawals, Delta, PnL, Unrealized PnL, In position. When I first got into crypto I completely disconnected from my friends and family. To ensure the first doesn't happen again I commit to two social activities per week and for the latter I commit to calling my mother every Sunday. Monthly Review biggest trades from prior month. Dissect entries, exits and position sizes. Everything should be repeatable / explainable in hindsight. If it isn't that means I didn't stick to the guidelines and that is mistake. I cannot expect to be a perfect trader, however I can expect to learn from my mistakes. Monthly Best & Worst Dressed List. After reviewing the trades find the best and worst examples. Print out the charts, notate why they made the list and put them in a binder. In the short term, how I trade is exponentially more important than how much money I make or lose. Therefore if the monthly PnL was subpar but very few mistakes were made on the worst dressed trades then I consider that a huge success and will expect the variance to even out in the medium - long run. Weekly PnL statements is used for monthly PnL statements -It feels really good to make a lot of money and it can feel very frustrating when results do not meet expectations. This is why I believe that is it vital to focus on the process and improving instead of the results. A few good results could be the byproduct of luck. One good / great process will lead to sustainable results as long as you can remain disciplined / diligent. While some may prefer to be lucky rather than good I strongly prefer to put in the effort that it takes to be good. Furthermore luck seems to be attracted to those who put in the consistent effort. Nevertheless I still track short term results because I have bills to pay. Eventually I would like to only pay attention to annual results. “So you want to be a carpenter, do you? Well it takes more than a hammer, boy, you're gonna need blueprints and a will to build, and Straighten your cap! you look like you've been through a war. Wipe that grin off your mug, you got a sturdy frame? Sluggish posture just won't cut it. You're gonna need schooling, and, and, and take notes! And god if I catch you yawning again you're gonna regret ever asking for my help, And dammit you gotta hustle, this is a slacker-free zone And, where's my pencil? go get your hard-hat, here's a nickel, go get us a ruler and a saw and a drill and lots of graph paper!” -Aesop Rock
BITSTAMP:BTCUSDEducation
by Sawcruhteez
5
EURAUD 60 MIn Cloud BreakoutMonthly and Daily Direction is bearish. I anticipate the market will reverse down into the cloud bounce up off the Senkou B (bottom of the cloud) then stall between the Senkou A (top of the cloud) and the resistance level at 1.58600 For the cloud breakout we will need the following; 1. A cloud penetration; 2. A TK cross 3. The Chikou below price 4. A Kumo twist ** You can take the Cloud channel trade (long at the Senkou B) and that is an advanced technique with low risk targeting the Snkou A I will update this post as the market unfolds
Short
by AGold54
2
NZDJPY 60 min Cloud BreakoutThe Monthly and Daily remain bullish Have a text book cloud breakout The only thing I don't like is the time as it is 4 pm est and I prefer not to take trades this late in the US Session, so I will wait for the Asian Session which may provide for a pullback opportunity and/or a smaller stop Entry = 77.95 above the Daily Tenken Sen (Red line) Stop = 77.31 Risk = 64 pis Profit Target = 80.23 (10 pips before the Daily D Ext.) Reward = 228 RRR = 3.5 - 1
Long
by AGold54
2
NZDJPY 60 Cloud Pullback "homerun" tradeAlthough the Monthly and Daily are up, there is, imho, a high probability, low risk pullback trade setting up NZD which has been on a Great Bullish run is showing signs of weakeniing, specifically, on the Daily charts of NZDCHF and NZDUSD both finished yesterday with Doji's GBPNZD and EURNZD were both Spinning tops. NZDJPY had a bearish decision candle, although not an engulfing certainly the strongest of all the pairs against NZD. Their has already been a bearish cloud breakout but with a retracement back into the cloud Trade setup: Entry = 78.14 (the 60 Kejun Sen) Stop = 78.78 (10 pips + 2 for spread above the Senkou A) Risk = 37 pips Profit Target = 76.23 (the Daily Kejun Sen) Reward = 218 pips RRR = 5.8 - 1
Short
by AGold54
10
NZDCAD 60 TF Potential Cloud Bounce or Channel tradeMonthly and Daily Time frames are bullish Have a pullback to the Senkou A (top of the cloud) which is very strong support area. the prior 2 candles 1am and 2am est. were indecision candles unable to push the market down. 2 Potential trades: 1. Cloud Bounce: A. If we get a Bullish engulfing candle off of the cloud we can enter the trade. Entry = approximately = 0.9130 Stop = .9077 (10 pips below the Senkou B - bottom of the cloud) Risk = approximately 53-60 pips Profit target: .9207 (10 pips before the Daily D ext. Blue line on chart) Reward = 77 pips RRR = approximately 1.5 - 1 2. Channel Trade: If price penetrates the cloud, place buy limit orders at the Senkou B (bottom of the cloud) This is a great support level and will provide at the very least a short term bounce back to the top of the cloud or possibly a continuation upto the Daily D ext. Entry = .9087 Stop = .9067 Risk = 20 pips Profit targets: 1st= .9117 RRR = 1.5-1 2nd= .9207 (10 pips before the Daily D ext. blue line on chart) RRR = 6 -1 :) ** depending on the strength of the move up, you may want to move your stop to flat at the first pt. and let it run to the 2nd pt.
Long
by AGold54
2
GBPAUD 60 Min Cloud BreakoutMonthly and Daily Direction is Bearish Have all the requirements for a Cloud breakout: 1. Have A cloud breakout 2. Have a TK cross 3. The Chikou is below price 4. Have a Kumo twist ** increasing this trades probability is the thick cloud and flat Senkou B ** of concern is the up Trend Line Entry = 1.7664 (8 pips below the breakout candle) Stop = 1.7550 (10 pips +2, for spread,above the Senkou A) Risk = 86 pips PT = 1.7206 (10 pips above the 1.618 fib extension)
Short
by AGold54
6
EURNZD 15 Min Potential Cloud breakoutMonthly and Daily Direction is Bearish on the 60 this pair has formed a double top, shown by the Yellow line (unfortunately I can not show, on the 15, the 1st instance of resistance without losing detail) This trade still needs 2 of the 4 requirements, so is at least 90 min away from setting up. Cloud breakout requirements: 1. Cloud Breakout - Still need 2. Have a TK cross :) 3. Chikou is closing below price :) 4. Future Kumo twist - still need ** Additionally, need a close below the daily Tenken Sen (Red line) Entry parameters will be provided once all the Criteria are met
Short
by AGold54
4
EURCAD Supply Zone within a supply zoneI have reason to believe that if price continues to rally from here, in what is a downtrend judging from the daily chart, it will be overbought in a Supply Zone (lightly brown shaded backdrop) of the weekly (W) chart, and if it retests the hourly (1h) supply zone (grey shaded backdrop zone) then it will drop. How far? I'm guessing substantial since the supply is coming from both the weekly and the hourly. It's possible to end up with a 1:4 risk/reward if the target is reached well before a possible demand zone on the hourly.
Short
by QSInvestments
2
USDJPY - Mid-term Long at Multiple Support ZoneIf you would just take a look at the weekly chart, you would realize that the recent drop in USDJPY is just a matter of a retracement in the bigger picture. The price broke above an 8-month falling trendline, and then retraced back to this trendline again as a form of support for further appreciation. Base on this chart, there's a multiple support within the buy zone; the weekly falling trendline and the bottom of a rising channel. And watch out for the Dollar index, it is now trading at 95.6, a sign that the dollar may break new high this week.
Long
by AlgoVenture
BTC:USD 4 hour chart DAILY UPDATE (day 130)Yesterday we narrowed in on major areas of resistance and outlined why I believe $7,770 - $8,150 will be a great area to build a short. Since then we have shown weakness as the price failed to rally through $6,800. Today we will be checking to see if it still looks like the rally can get to $7,700+ as well as going over the reasons why I am staying out of the market while waiting for further development. The Ichimoku Cloud on the 4 hour chart just had a kumo breakout , combined with a bullish TK cross and a bullish kumo twist . Please note: I have not found the 4 hour cloud to be reliable enough to trade by itself, if that was on the daily chart I would open a long. The 50 and 200 period MA ’s on the 4 hour chart are posturing for a golden cross . The price is finding resistance at the 200 MA while the 50 MA postures upward. This is similar to what Bollinger Bands illustrate. The price getting squeezed in between the two MA’s before crossing over is a very bullish indicator for the short term (1-2 weeks). The last time those crossed was on 4/18. Before the moving averages can cross on higher time frames they must first do so on lower time frames. Therefore we would expect the 1 hour, 2 hour and 3 hour charts to crossover before the 4 hour. As you can see below the shorter time frames have already fallen in line. The Bollinger Band on the 4 hour chart is starting to tighten and indicates that some volatility is on the horizon. The Ichimoku Cloud on the 1 day and the 3 day are indicating oversold conditions and suggest that a return to equilibrium is imminent. That is due to the C-Clamp that is evident on the 3 day and widening on the daily. With so many bullish indicators it can be difficult to remain on the sidelines. I seriously considered opening a small long position on the 4 hour golden cross and adding to it on the daily 12 & 26 EMA crossover that is expected. While I do believe that this rally has enough legs to get back to $7,770 - $8,150 there are two specific reasons that are making me hold off from opening a long. The first is the visible range volume profile which shows resistance stacked up from here to $8,500. There are two basic rules to trading which apply here: 1) Trade with the trend 2) Buy support ($5,000) and sell resistance ($6,700 - $8,500) We are in a bear trend and we are under a ton of resistance. Therefore I am going to stay away from a long. The second reason which led me to this decision is the TD Sequential which is currently on a green 6 out of 9. That indicates that the entry was missed and this rally could coming to an end. Thank you for your time! Have something to say? Leave a comment! Smash the follow so that you don’t miss out on future updates and remember that clicking the like is good karma!
BITSTAMP:BTCUSD
by Sawcruhteez