Simple and Profitable Strategy for Beginners | GU +40 PIPSHey Rich Friends,
This trade took a while to develop but better late than never! I used my simple 4-indicator strategy to spot a bullish trend on GU and secure 40 pips. It's simple:
Indicators:
50 EMA (blue)
200 EMA (purple)
Momentum (turn on price line)
Stochastic (turn on price line)
Bullish confirmations:
1. Candles above/crossing up 1 or both EMAS
2. MOM is facing up AND/OR above 0.
3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait.
Bearish confirmations:
1. Candles below/crossing down 1 or both EMAS
2. MOM is facing down AND/OR below the dotted 0 line.
3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait.
Try my strategy and see if it helps!
Peace and Profits, Cha
Oscillators
Where to Put Your TP and SL | Learn in 10 MinutesHey Rich Friends,
This quick video will explain how I easily find my TP and SL for my Forex Trades. I've noticed how many new traders struggle with this, so hopefully this video will help. Here is what I do:
1 . Identify the overall trend of the market.
It is important to understand that a Selling market will look like a roller coaster going up, have more red candles and it will continue to create Lower Highs and Lower Lows. A Buying market will look like a roller coaster going down, have more green candles, and continue to create Higher Highs and Higher Lows. This is very important.
2 . Collect my confirmations for the potential trade. Here are some questions I ask myself:
- What color is the current candle?
- Are the candles above or below my EMAs?
- Have the EMAs crossed?
- Is my Momentum indicator facing up or down? Is it positive or negative?
- Is my Stochastic facing up or down? Is the Indicator's financial value above 50?
These are the answers you should get:
- Bullish/Buying: Green, Above, Up, Over, Higher, and Positive
- Bearish/Selling: Red, Below, Down, Under, Lower and Negative
3. Enter the market at Market Execution or set a Pending Order.
4. Choose my TP and SL using the Long position tool for buying and the Short position tool for selling.
Buys: Place TP above previous high and SL below the previous low
Sells: Place TP below previous low and SL above the previous high
- Peace and Profits, Cha
Why I Am Looking To Sell EURGBP This WeekHey Rich Friends,
EURGBP might provide some great bearish/selling opportunities this week. Here is what I am looking at:
- Prior rejections in this area (red rectangle)
- Candles below 200 EMA
- 200 EMA preparing to cross 50 EMA on the Weekly time frame
-MOM is negative
- STOCH below 50
- GBP news on Tuesday, Wednesday, and Thursday
Market Execution Or Sell Limit At 0.86000 Or Higher
SL: 0.86400 or Higher (40 PIPS)
TP 1: 0.85600 (40 pips) 1:1RR
TP 2: 0.85400 (60 pips) 1:1.5RR
TP 3: 0.85200 (80 pips) 1:2RR
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. If You Choose Market Execution, Adjust Your Tp And Sl To Your Actual Entry.
- Peace and Profits, Cha
EURUSD BEARISH MOVE EXPLAINEDHey Rich Friends,
I am happy that after hours of consolidation, the EU market did sell just as I had forecasted yesterday. It has been a long and slow week for me trading my usual EUR pairs but the big drop, break of structure, and bearish engulfing candle that happened this morning were exactly what I needed!
In this video, I will review the strategy (indicators and confirmations), that I used to enter this trade and how it went in my favor! I hope this is helpful.
My Strategy
Indicators:
50 EMA (blue)
200 EMA (purple)
Momentum (turn on price line)
Stochastic
Bullish confirmations (Up, Above, Over, Higher):
1. Candles above/crossing up 1 or both EMAS
2. MOM is facing up AND/OR above 0.
3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait
Bearish confirmations (Down, Below, Under, Lower):
1. Candles below/crossing down 1 or both EMAS
2. MOM is facing down AND/OR below the dotted 0 line.
3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait
- Peace and Profits, Cha
Why I Think EURUSD Will Continue to SellHey Rich Friends,
I think EU will continue to sell. Here is what I am looking at:
- Candles are below both EMAs. My bearish confirmations are met.
- MOM is facing down and negative. My bearish confirmations are met.
- STOCH facing down, below 50 and the orange line is above the blue line. My bearish confirmations are met.
- The current candle has closed below the 50 EMA.
- Bearish Harami pattern on H4
My Strategy
Indicators:
50 EMA (blue)
200 EMA (purple)
Momentum (turn on price line)
Stochastic
Bullish confirmations (Up, Above, Over, Higher):
1. Candles above/crossing up 1 or both EMAS
2. MOM is facing up AND/OR above 0.
3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait
Bearish confirmations (Down, Below, Under, Lower):
1. Candles below/crossing down 1 or both EMAS
2. MOM is facing down AND/OR below the dotted 0 line.
3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait.
I will be Selling At Market Execution and Setting a Sell Limit At 1.07450 Or Higher
SL: 40 PIPS FROM ENTRY
TP 1: 1.07050 (40 pips) 1:1RR
TP 2: 1.06850 (60 pips) 1:1.5RR
TP 3: 1.06650 (80 pips) 1:2RR
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. If Using Market Execution, Adjust Your Tp And Sl To Your Actual Entry
EURGBP BEARISH MOVED EXPLAINED +40 PIPSHey Rich Friends,
Although this trade took some time to develop, I am happy to see that my TP 1 was hit and hopefully the market will continue to sell.
I used the same strategy that I posted about in my viral Editor's Pick video, "The Best Forex Strategy I've Used in 3 Years | 4 Indicators" and you can learn more about it by watching it on my Tradingview page.
I hope that anyone who followed this trade idea was also able to secure some pips and get a better understanding of the market.
Until next time,
- Peace and Profits, Cha
NZDUSD BULLISH MOVED EXPLAINED +40 PIPSHey Rich Friends,
I am happy to say that after 4 days, this trade has finally hit TP 1 and it looks like it will be moving to TP 2. A classic case of HOLD DON'T FOLD.
I used the same strategy I always use in all of my videos with a little bit of supply and demand in the mix.
I hope you guys were able to secure some profits from this trade idea even though it took ALL WEEK. Pay-tience paysssss.
- Peace and Profit, Cha
Why I Think EURJPY Will Continue to BuyHey Rich Friends,
Happy NFP Week! Please remember to check the news and trade with caution. To start this week off, I think EURJPY will continue to buy and here is what I am looking at:
- Candles rejecting price going lower in the demand zone
- Candles are above both EMAs and the blue EMA has crossed above the purple EMA
- MOM is facing up and positive
- STOCH is facing up, positive and the blue line is above the orange line
- SL will be set below a previous low and TP will be set above a previous high
These are more than enough bullish confirmations for me to feel confident in this trade. Comment below and let me know if you agree or if you see something different.
- Peace and Profits, Cha
SPX setting up positively ahead of tomorrow's CPI releaseSPX setting up positively ahead of tomorrow's CPI release. IF stochastic can hold in its upper quartile, an underlying positive momentum will be present.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
DAX short-term traders need to line up with longer time frameThe DAX daily chart has bullish elements to it, but the hourly traders have not synced up to them yet.
The weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
SPX500 setting up bullishly pre-cash openSPX500 setting up bullishly pre-cash open.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Real yield in uptrendThe weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Amazon is overbought as price heads into overhead resistanceAmazon weekly chart analysis indicates an overbought condition at significant resistance.
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Trend Trading Strategy for the Heiken Ashi Algo v6Knowing when the RSI and price are in a ranging phase even in the short term can be a difficult process.
You are either #Ranging #bullish or #bearish. At least in the Algo v6 you can get a clear vision of exactly whats happening.
In this video im going to give you a VERY simple strategy on:
1. How to know if the RSI and price are ranging
2. When do i break away from Ranges
3. Am I trending
4. Im trending but whats my confluence to take a long or short
5. Is my range getting bigger or smaller
Enjoy this quick vid and ask questions below.
Thanks everyone.
RSI as a Trend ToolMost people use the RSI as a momentum indicator,
trying to find Overbought/Oversold (OBOS) conditions,
and/or divergences.
However there is also a way to use it as a Trend Tool.
There is a mathematical relationship that connects the RSI and EMA's.
The formula is RSI(x) cross-over 50-line = Close cross-over EMA(2x)
i.e. RSI(14) cross-over 50 line = Close cross-over EMA(28)
This one of the properties of the RSI,
which I discovered when taking a more indept look into momentum indicators,
which ultimately led to the discovery of the MACD-v in 2014/2015
The MACD-v was then publicly disclosed in 2022,
in the form of a a paper called
"MACD-v: Volatility Normalised Momentum",
which was awarded:
It has won 2 International Awards:
1. The “Founders Award” (2022),
for advances in Active Investment Management
from the National Association of Active Investment Managars (NAAIM)
2. The “Charles H. Dow Award” (2022)
for outstanding research in Technical Analysis,
from the Chartered Market Technicians Association (CMTA)
Bitcoin - THIS INDICATOR calls the TOP📉Hi Traders, Investors and Speculators of Charts📈
It's always good to refer back to the MACRO trend when watching BTC. From a macro perspective; we're definitely overdue for that proper bull-cycle correction - also important to keep in mind the halving coming up in April.
We can confirm this bias by taking a look at a very specific indicator called the Balance of Power. Historically, on a macro timeframe, this indicator has been great at calling local tops and bottoms.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:BTCUSDT
VIX explosion is coming Feb 2024 !I've used 3 indicators, namely, MACD, RSI & BB width to show the idea of momentum building up in the background. If VIX spikes that's definitely not a good thing for the markets.
Volatility is a mean reverting animal so its just simple statistics that a big spike is coming.
TIMEFRAME: If vix starts to pop this week, the rally could end 3-4 weeks from now.
Gbpjpy (stochastic rsi + order block )
**Stochastic RSI:**
Stochastic RSI is a momentum oscillator that measures the level of RSI relative to its high-low range over a specific period of time. It is an indicator designed to identify overbought and oversold conditions in a market.
1. **Stochastic RSI Formula:**
\
\
where RSI is the standard Relative Strength Index.
In this context, traders often use values like 14 for the RSI period and 3 for the stochastic period.
**Order Block:**
An order block is a concept from price action trading. It refers to a block of price movement where significant buying or selling activity has occurred, leaving behind a level that is likely to act as support or resistance in the future.
1. **Identifying Order Blocks:**
- Order blocks are often found after strong trending moves.
- Look for areas where the market has slowed down or reversed significantly.
- The order block is typically a consolidation or a small range of price bars.
**Stochastic RSI + Order Block Trading Strategy:**
1. **Trend Identification:**
- Determine the overall trend using other indicators or trend analysis tools.
- This strategy is often more effective in trending markets.
2. **Stochastic RSI Setup:**
- Use the stochastic RSI to identify overbought or oversold conditions.
- Look for potential trade signals when the stochastic RSI is in the extreme regions (e.g., above 80 for overbought, below 20 for oversold).
3. **Confirmation with Order Blocks:**
- Look for order blocks that align with the identified overbought or oversold conditions.
- The order block should act as a support (in oversold conditions) or resistance (in overbought conditions).
4. **Entry and Exit:**
- **Long Entry (Buy):** Consider entering a long position when the stochastic RSI is in oversold territory and supported by an order block. This suggests a potential reversal to the upside.
- **Short Entry (Sell):** Consider entering a short position when the stochastic RSI is in overbought territory and faces resistance from an order block. This suggests a potential reversal to the downside.
5. **Risk Management:**
- Set stop-loss orders to limit potential losses.
- Consider using a risk-reward ratio to ensure the potential profit is worth the risk taken.
6. **Monitoring and Adjustment:**
- Regularly monitor the trade for any signs of reversal or trend continuation.
- Be ready to adjust the strategy based on market conditions.
Remember, no trading strategy is foolproof, and it's essential to practice risk management and adapt strategies to changing market conditions. Additionally, backtesting and simulation can help validate the effectiveness of the strategy before applying it in live trading.
RSI Crossover Strategy + Filtering with 50 EMA + Heikin Ashi :
1. **RSI Crossover Strategy:**
- RSI Length: 24
- RSI Moving Average Length: 150
In a typical RSI crossover strategy, traders often look for signals when the RSI crosses certain thresholds (e.g., 30 for oversold and 70 for overbought). In your case, with a length of 24, you might consider buying when RSI crosses above 50 and selling when it crosses below 50.
2. **Filtering with 50 EMA:**
- Exponential Moving Average (EMA) Length: 50
You are using the 50 EMA as a filter, only taking trades when the candle is above this moving average. This is a common trend-following approach. Buying when the price is above the 50 EMA can be seen as entering trades in the direction of the prevailing trend.
3. **Candlestick Type:**
- Heikin Ashi Candles
Heikin Ashi candles are modified Japanese candles that provide a smoother representation of price trends. They are commonly used to reduce noise and identify trends more easily.
Putting it all together, a potential trade setup could be as follows:
- **Buy Signal:**
- RSI crosses above 50
- Candle is above the 50 EMA
- Heikin Ashi candle confirms the bullish trend
- **Sell Signal:**
- RSI crosses below 50
- Candle is below the 50 EMA
- Heikin Ashi candle confirms the bearish trend
Remember that no trading strategy is guaranteed, and it's essential to backtest and evaluate its performance on historical data before applying it to live trading. Additionally, consider risk management principles to protect your capital. Adjustments may also be needed based on market conditions and your risk tolerance.
50 EMA + Heikin-Ashi + Stochastic Oscillator
**Strategy: 50 EMA + Heikin-Ashi + Stochastic Oscillator**
**Indicators:**
1. **50 EMA (Exponential Moving Average):** It helps identify the overall trend direction.
2. **Heikin-Ashi Candles:** These modified candles provide a smoothed representation of price movements.
3. **Stochastic Oscillator:** It helps identify overbought and oversold conditions.
**Conditions for Long (Buy) Trade:**
1. Price is above the 50 EMA, indicating an uptrend.
2. Heikin-Ashi candles show a series of bullish candles.
3. Stochastic Oscillator is below the oversold level (e.g., 20), indicating potential buying opportunities.
**Conditions for Short (Sell) Trade:**
1. Price is below the 50 EMA, indicating a downtrend.
2. Heikin-Ashi candles show a series of bearish candles.
3. Stochastic Oscillator is above the overbought level (e.g., 80), indicating potential selling opportunities.
**Trade Execution:**
- **Buy Signal:** Enter a long position when all three conditions for a long trade are met.
- **Sell Signal:** Enter a short position when all three conditions for a short trade are met.
**Risk Management:**
- Use stop-loss orders to limit potential losses.
- Consider a risk-reward ratio to ensure that potential profits outweigh potential losses.
**Example:**
1. **Long Trade:**
- Price is above the 50 EMA.
- Heikin-Ashi candles are bullish.
- Stochastic Oscillator is below 20.
- Enter a long trade.
2. **Short Trade:**
- Price is below the 50 EMA.
- Heikin-Ashi candles are bearish.
- Stochastic Oscillator is above 80.
- Enter a short trade.
BABA: When to buy? Here is the TrendCloud Trading Analysis of BABA.
If you are looking to be a buyer and accumulate this stock then here is an edge you can use.
All 3 charts are in a downtrend and momentum is also down. This is very powerful and we can not start buying yet.
Take a look at the demand zone coming up on the daily chart.
We can look for trend reversal patterns on the 15 minute chart inside of the Daily demand zone.