Get started

Oscillators

How to REALLY Trade Divergences (One of My Favorite Entries)This tutorial might be short, but it is packed with potent information on how to REALLY trade divergences. Divergences are one of the BEST ways to catch market reversals. However, from what I have seen, most people do not have a real process for determining when a divergence is actually confirmed/triggered, and then how to determine targets based on the divergence setup. In other words, most people don't have a plan for trading divergence. This video will give you a full plan (Setup/Trigger/Follow Through) for trading divergences. I give full credit to Jake Bernstein, as this is a concept that I learned from him. He is one of the all time greats, and very worth your time to check out. I hope you found this video insightful. Have a great week.
CME_MINI:NQ1!Education
by Tradius_Trades
3
The key is whether it can rise above 5878.7-6119.3 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I think this is the first time I've written an idea for the SPX500USD futures chart. I'll give you an example of how to actually use it using the parallel channel that I introduced. No matter how good an indicator or chart tool is added, if you don't know how to use it, chart analysis can be done in the wrong direction, so it is recommended that you familiarize yourself with the core interpretation method and how to use it before using it. There are many examples of how to draw a trend line or how to draw a parallel channel, so you need to study how to draw it. ----------------------------------------------- (SPX500USD 1M chart) It is rising near the upper black line of the parallel channel. Therefore, it is likely to face resistance near the black line and fall. Accordingly, we need to check for support near 1 (5878.7) drawn with the right trend period Fibonacci Extension (Trend-Based Fib Extension) tool. If it falls, we need to check if it can rise along the middle point (black dotted line) of the parallel channel. However, since the section pointed to by the finger is an important support and resistance section, if it receives support near this section, it is highly likely that the upward trend will continue. - The left trend period Fibonacci Extension (Trend-Based Fib Extension) is drawn as the first rising wave on the 12M chart. The trend-based Fibonacci extension on the right is drawn as the last rising wave on the 1M chart. - The section drawn as a square box corresponds to an important section among the Fibonacci ratios drawn on the chart, and when viewed as a parallel channel, it passes near the upper black line, so you can see that it corresponds to an important section. - (1D chart) Since it is a futures chart, it is right to explain it on a time frame chart that can actually be traded, but since an idea can become useless as soon as time passes after publishing it, I will explain it based on the 1D chart. I think the most important trend in futures trading is the trend of the 1D chart. Therefore, when trading in the opposite direction of the trend of the 1D chart, you need to respond quickly and briefly. - A parallel channel was also drawn on the 1D chart. The first point is designated as the point that is supported and rises from the middle point of the parallel channel drawn on the 12M chart, and the point that the finger points to is designated to draw the parallel channel. The HA-MS indicator was used to draw the support and resistance points. However, as shown in the chart above, the HA-MS indicator may be distracting when viewing the chart, so I am explaining it by disabling it. - The key is whether the price can be maintained by rising above 5741.6. The 5741.6 point is the HA-High indicator point on the 1D chart, meaning that anything above this point is in the high range. Since the StochRSI indicator is currently in the oversold range, it is more likely to lead to an additional decline. Therefore, if the price falls, the key is whether it can be supported near the middle point of the parallel channel on the 1D chart, which is the section indicated by the circle. That said, I don't think it's a good idea to enter a sell (SHORT) position right now. The reason is that the StochRSI indicator is in the oversold section. Therefore, if you want to trade with a sell (SHORT) position through scalping and day trading, you need to respond quickly and quickly. Although the StochRSI indicator has entered the oversold section, the BW indicator is still rising. Therefore, you should consider that there is a high possibility of a fake or sweep that pretends to fall. Therefore, in order to make a big profit with a sell (SHORT) position, the BW indicator should be in a horizontal line at the highest point (100) and the StochRSI indicator should be falling in the overbought section. - Have a nice time. Thank you. --------------------------------------------------
OANDA:SPX500USD
by readCrypto
New chart tool released: Parallel Channel Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- You can check the detailed explanation of the newly added chart tool by clicking the link address below. www.tradingview.com --------------------------------------- The most important thing when drawing a trend line is where you designate the selection point. Therefore, it is recommended to draw the trend line before starting a trade. If you draw a trend line while a trade is in progress, you should be careful because your psychological state may be reflected when designating the selection point. - You need to select 3 points to draw a parallel channel. The first and second are the points corresponding to the trend line, and the third selection point is the point where the channel will be drawn. Accordingly, I recommend drawing on the largest time frame chart possible. I think that is the most objective way to draw parallel channels. - The chart above is the 12M chart, which is the largest time frame chart. If the 12M chart does not have the current candle arrangement, you should use the 1M chart. - As in the example chart above, create a trend line by specifying the low point of the rising candle after the falling candle. (Specify 1st and 2nd points) Then, complete the channel by specifying the high point of the candlestick to the left of the previous downtrend candlestick of the 2nd point. (Specify 3rd point) If you draw it like above and look at it on a 1D chart, it will feel like it is drawn well. ----------------- If you want to draw a 1D chart on a lower time frame chart, the 3rd point is the hardest to choose. However, since you can designate it in the same way as you drew it on the largest time frame chart, you have to find out which point corresponds to the 3rd point. - If you look at the current trend, you can see that it is forming a downtrend channel. Therefore, you have to choose a point to create a downtrend channel. - You can select and designate as shown in the chart above. When drawing on the 12M chart above (when in an uptrend) 1st point designation: Select the low point of the rising candle after the falling candle 2nd point designation: Select the point of the rising candle after the falling candle after the 1st point designation 3rd point designation: Select the high point of the candle on the left of the falling candle to the left of the 2nd point designation (When in a downtrend) 1st point designation: Select the opening price of the falling candle (wave) after the rising candle (wave) 2nd point designation: Select the opening price of the falling candle (wave) after the rising candle (wave) after the 1st point designation 3rd point designation: Select the low point of the rising candle (wave) to the left of the 2nd point designation If you select in the above way, you can get a feeling that something is well drawn. If you have your own drawing style, you can draw it that way. I am just giving you an example of how to draw, so you don't have to follow it. However, the important point is that you have to draw it according to the method of designating the selection point and creating a pattern. - If you look at the 1D chart above, you can see that there is a vertical line drawn. This vertical line indicates the high point of the StochRSI indicator. Since the current trend is a downtrend, the high point of the StochRSI indicator is indicated, but when it is an uptrend, the low point of the StochRSI indicator is indicated. And, based on that point, you can select the point according to the format of designating the selection point mentioned above. - The trend line is a tool for chart analysis. Therefore, in order to trade, the support and resistance points drawn on the 1M, 1W, and 1D charts must be indicated. So, if you have confirmed the trend using the parallel channel released this time, you must draw the support and resistance points to create a basis for trading. The reason is that since the trend line is diagonal, it is difficult to determine the timing to start trading. ----------------------------------- The method I am talking about is a method that anyone can understand. The trend line you draw should be a point that everyone who sees various support and resistance points can understand. Then there is no need to explain why you chose that point, and I think everyone can easily understand it. If you have a good method that you are using, please publish it as an idea and make it public. - Have a good time. Thank you. --------------------------------------------------
INDEX:BTCUSDEducation
by readCrypto
COT Analysis - Currency SectorA few weeks ago I was calling for shorts on 6J, longs on DX, and shorts on ZB. Those trades are well underway, with partials already taken. This week, COT strategy is supportive of longs for DX. Of particular interest is 6A (AUD). The commercials are more short this market than they have been in over 3 years. This is a very bearish signal. I will be focusing on shorting AUD this week, as in my opinion, it has the greatest potential for a significant down move. Have a great weekend.
CME:6M1!
by Tradius_Trades
I have bought AXS From the AXSUSDT chart, it shows: Market Trend: The chart is currently in a clear downtrend along the EMA (Exponential Moving Average) line, with the 100-day EMA and 200-day EMA still above the price chart, indicating strong resistance. Important Support: The support area around 4.145 USD has been tested several times. If the price breaks this support level, it may see a continued correction to the 3.843 USD and 3.831 USD areas, which were previously rebounded. Stochastic RSI: It is in the oversold zone (below 20), indicating that the market may have a chance to recover in the short term due to weaker selling pressure, but other indicators should confirm it. RSI (Relative Strength Index): The RSI value at 40.61 is still in the downtrend zone. If the RSI value increases and crosses the 50 line, it may be a sign that the price has a chance to return to the uptrend. Trading Volume: Trading volume has decreased during the price correction, which may indicate that selling pressure is starting to weaken. Or there are fewer sellers Entry Recommendation: Buying at the support level of 4.145 USD should consider waiting for confirmation from Stochastic RSI that there is a reversal from the oversold zone and see if the RSI value can cut through the 50 line. If so, it may be a good time to buy. Set the stop loss below the important support level at around 4.00 USD to hedge the risk if the price falls below the support level.
Long
by bas20230503
1
My Current Bitcoin Trading Plan - Dips are For BuyingOverall, I remain bullish on Bitcoin. The Monthly & Weekly MAC strategy is still supportive of looking for buy triggers on pullbacks into the Monthly/Weekly MAC lows. I will be looking for entry triggers on entry timeframes if Bitcoin pulls back into the $56K to $57,500 price range, and would consider still hunting entries if it trades below these levels. The Daily remains bullish, but there is a MAC selling setup (not confirmed until Williams AD closes below its 57 period MA). Have a great weekend.
Long
by Tradius_Trades
Apple - How I'm Looking to Trade Apple This Week Monthly & Weekly MAC strategy suggests dips into the Weekly &/or Monthly MAC low are good setup areas for going long. Essentially, I'm looking to buy the dip if we get a price move into the levels noted in the video. I would not just be buying the MAC lows. I would be looking for entry triggers on my entry timeframes in those areas. I also point out that there are some Monthly/Quarterly bearish divergences forming, but nowhere near confirmation, so bulls need not worry. In short, I'm looking to buy the dip on Apple. Have a great weekend.
NASDAQ:AAPLLong
by Tradius_Trades
2
Will the Google trend forward be a Gemini to the current?CAPITALCOM:GOOG is clearly in a down trend, which started in early July. Lower highs, lower lows, and 21EMA below 50EMA since the cross below in semi-late July. It is currently approaching the upper band of the down channel, and a reaction to the downside could be expected. The MACD is behaving somewhat indecisive and not providing useful guidance, which does not signal a change of trend anytime soon. The volume oscillator is trending down. This all points to price continuing the move down. Target $144, or lower band of channel, which might trigger a push up.
CAPITALCOM:GOOGShort
by WeRideAtDawn
uniQure N.V - Positive divergenceOn the above 2-week chart uniQure N.V. price action has corrected 90% without the aid of share splits. A number of reasons now exist to consider a long position. They include: 1) Price action returns to legacy support. 2) RSI resistance breakout. 3) Strong positive divergence as measured over a 2-month period. Look left. 4) No share splits. 5) Price action previously topped out at the Fibonacci 1.414. Were that performance to repeat price action would top out at $215 with a 3600% return. Is it possible price action continues to correct? Sure. Is it probable? No. Ww Type: Investment Risk: <6% Timeframe for long: Qrt 1 2024 Stop loss: Will say elsewhere
NASDAQ:QURELong
by without_worries
6
Can Anything Stop Broadcom?Broadcom has been one of the top-performing large cap stocks this year. Now, after a period of consolidation, some traders may see potential for further upside. The first pattern on today’s chart is the August 19 close of $167.71. AVGO initially stalled at this level and struggled to cross it in the first half of September. But it broke out later in September, and this month is trying to hold it. That may suggest that old resistance has become new support. Second, the recent low was near the rising 21-day exponential moving average (EMA). The 8-day EMA is also above the 21-day EMA. Is a new uptrend developing in the chip stock? Third, MACD is rising. Finally, you have the June low of $130.25. Prices couldn’t stay below it when the broader market crashed on August 5. AVGO then proceeded to make a higher low the following month. Those signals may confirm a longer-term uptrend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:AVGO
by TradeStation
Kiwi breaking down as US economic data heats upNZD/USD is breaking down, slicing through uptrend support on the daily chart as we head towards nonfarm payrolls. With momentum indicators providing bearish signals, selling rallies and breaks is preferred near-term. If we see a push back towards the former uptrend today, consider selling with a tight stop above for protection against reversal. Potential downside targets include .6157, the 50DMA and .6109 where the price bounced strongly from on September 11. While the payrolls report could generate any number of market reactions depending on the prevailing narrative, give the threat posed by an escalation in geopolitical tensions over the weekend, riskier currencies such as the Kiwi may struggle for meaningful upside in the current environment. Good luck! DS
Short
by FOREXcom