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Rangetrading

BOEING 1D RANGE TRADESRanges, Descending Triangles, Triangles, and Ascending Triangle are repeatable trading chart patterns. Ranges and Triangles are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending volume bars and descending atr line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:BA
by Tradingstrategyguides
US30: Intraday Sell Upon ABCDUS30 has been consolidating for the past 2 weeks and the closing price of the daily candle is also getting lower. Putting aside fundamental and just trading with pure technical analysis for the short-term, selling the US30 near the range high could be a good opportunity. The price is now retracing higher from the bottom of the consolidation while an ABCD formation may form if it continues to retrace higher. Look for sell opportunity if ABCD forms around 27250 and aim to take profit either at the previous low or within the key demand zone just below 27000.
OANDA:US30USDShort
by AlgoVenture
URBN 1D RANGE TRADERanges, Descending Triangles, Triangles and Ascending Triangle are repeatable trading chart patterns. Ranges and Triangles are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending volume bars and descending atr line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:URBN
by Tradingstrategyguides
BTC to trade in range?I would say the chart of BTC/USD clearly indicate the major support is around 9000, where the bull start a major rally after the slump in mid-March. The most crucial resistance is 11000$, because it's a triple technical confluence level. 1) it's the middle point of the slump this month 2) the rally afterward stops at 11000 , also a horizental resistance 3) Exponential Moving Average 100 happens to become a key threhold for bull and bear territory. All said, if the price pushes above 11,000$, it certainly signify the resumption of bull market, and bull will most likely take out 13000 & 14000 highs. However, current tepid market trading volume and these numberous minor rabounces show no sign of a new up offensive anytime s BITSTAMP:BTCUSD xoon. Range trading would be the most rational scenario . BITMEX:XBTUSD
COINBASE:BTCUSD
by UnknownUnicorn3838311
1
USD/CAD - Waiting for a Range BreakoutUSD/CAD is currently stuck in a 120 pip range (on the H4 time frame), and has been for the last month. Seasonality would suggested that the USD should weaken (leading to a drop in USD/CAD ) in late July/early August, and begin a bearish period until October. However, we're currently seeing a strong bullish divergence momentum phase. This is significant as we can identify two fairly recent ranges that broke higher (February & April 2019) on bullish divergence . The bottom line is that we have contradictory signals, which means that a prudent trader should stay on the sidelines until a clear breakout develops. I've identified two target levels for both longs and shorts, depending on how the range breakout occurs. But I won't be entering a trade until a clear, and strong, break of the range boundaries occurs. Let me know if you have any queries. DD
by DreamsDefined
TESLA INC Potential Shorting Opportunity Coming UpTesla is a stock that has very big swings up and down, forming a ranges over a long period of time, each time the stock breaks through a KEY LEVEL in the market, it puts a retracement and creates a new range. In April TESLA INC broke through the 250 level (Bottom range of the channel) potentially looking to create another rage. Traders can look to take advantage of this by selling retracement back up towards 275 - 315 targeting 180 levels allowing your stops to be above the highs at 390-400 levels When a stock moves side ways or in a range the best tool to have is the FIB RETRACEMENT (between 50%-60% retracement) to get back in to a trade
NASDAQ:TSLA
by sk_investments
KRAFT 1D RANGE TRADESRanges, Triangles, Ascending Triangle, and Descending Triangles are repeatable trading chart patterns. Ranges & Triangles are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending volume bars and descending atr line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade.
NASDAQ:KHC
by Tradingstrategyguides
Gold: Long at Range BottomThe gold price was seen support at the range bottom and a rebound has caused the price to break above a falling trendline. And in that process, the market has also completed 2 waves of retracement from range high to the range low. However, the market is still mixed due to the FOMC meeting minutes tonight but holding a long position at range bottom could still prove rewarding and trading risk is lower as well. If the FOMC is dovish and the gold jumps, it would be recommended to take the partial profit when it reaches the range high or even if it breaks new high. The gold price could potentially pull back just before the market closes to avoid paying too much for a 3-days swap. However, if the price falls and breaks below the range bottom due to a hawkish FOMC, simply wait for a retracement to sell again and the breakout level.
FX:XAUUSDLong
by AlgoVenture
ETHUSD - Range trading, the next re-accumulation in progress! Hello traders, investors and community, there is an amazing example for pattern recognition forming with ETHUSD, i want explain to you. Looking on the daily chart we can see that ETHUSD formed several re-accumulation periods in the past before breaking out of the range. This process brought the price of ETHUSD from 160 USD to 340, almost a doubling in price. There is still room to go for ETHUSD, i detected that we are in a new re-accumulation right now. You can see it in my chart, highly possible there will be a break-out in this range again. There is a correlation between the declining volume before each of the break-outs, volume declines before the break-out happens. This happens because volatility and interest gets lower in each re-accumulation while price is moving sideways. You can see it marked in my chart. Short-term: A bounce from the 340 to 370 USD range is expected while stochastic RSI is forming an bullish divergence (over-sold) Middle-term: After the bounce to the 370 USD range there will be a pull-back in the 340 USD range just like seen in the re-accumulations before, giving traders the opportunity to open LONGS in this level. After this pull-back happened there has to keeped an eye on the possible break-out coming after the re-accumulation finished, this will be the perect spot to open new LONGS because the market confirmed the pattern as seen before. Long-term: There is still way to go for ETHUSD as the cryptocurrency market is in an steady up-trend, i do not think this will quit so soon. To earn in this market is not so difficult as some people propagade it is BUT it must be made SMART! On the other hand this must not 100 % play out, there is also an other option for the market... to reverse in this level, i will do another analysis on this second scenario, which for my turn isnt the more likely one. So why do i call this re-accumulation?! There are several factors which point out that these ranges are re-accumulation periods, please leave a comment if you want a detailed analysis on this. This pattern can be traded in several ways, short-term traders can make use of the range we are trading in taking care of the possible top coming in the re-accumulation period, the aggressive approach would be to open a LONG position here before the break-out happened, the conservative approach is to wait until the break-out happens and open a LONG position. Be aware, there is always an fake-out in these ranges seen before. Thank you everybody for watching, love you all! Its ok to give me an like or follow, supporting my future analysis friends. Have a nice day!
BITFINEX:ETHUSDLong
by VincePrince
1
LTCUSD 1D RANGE SHORT BREAKOUT TRADEWhile making this post price broke out of range bottom Range bottom is at 133.20 Daily breakout candle open was at 135.50 Daily ATR is 8.66 1H chart found range levels Range Trade Rules Daily candle did not close yet but broke out of range bottom Breakout candle low was greater than 1 ATR so special entry rules now Breakout candle open - 1 ATR = Sell Limit Order 135.50 - 8.66 = 126.84 Sell Limit Order which was hit Further money mgmt of trade in update followup
COINBASE:LTCUSDShort
by Tradingstrategyguides
EURUSD |SQUEEZE| Simple Technical AnalysisEU has been in downtrend for the past 12 months and has created a falling wedge on the weekly indicating that bulls are getting stronger. Bulls have found some support at 1.1110 which was last tested in May 2017. staying on the weekly there is a 60 pip demand zone between 1.1110-1.1170 which we have dipped into 4 times since April 22nd, each time bull have defended the area forming pin bar rejection candles. For the bearish trend to continue we need a significant break of this area bringing the next weekly support into play (150 pips away) and then the next (300 points away). On the daily we have triple bottom indicating that the downtrend is decelerating or may be over but technically this market is still bearish, so I suspect there is another leg down to the 1.1110 area and possibly a new low. I will only be considering longs once we get a significant break and close above 1.1220. On the 4hr we have a head and shoulders (cleaner on the 1hr) which drove prices from the demand zone straight into resistance of 1.1180 which is also our 61.8 fib level giving us a high probably short setup with the trend. This market may initially break to the downside enticing breakout traders to enter short then reverse to the upside so trade with caution and be ready for all eventualities.
Short
by SFX23
USD/CAD: Day-Swingtrade-Opportunity! Trade the RANGE#ShortHey tradomaniacs, welcome to another free signal! Important: Market still volatile and news-driven! Make sure to reduce your risk decently! ----------------------------- Type: Day-Swingtrade Sell-Limit: 1,34646 Stop-Loss: 1,34830 Target 1: 1,34287 Target 2: 1,34125 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
1D PAPA JOHN'S RANGE TRADEPapa John's added Shaq O'Neal to their Board of Directors This had some positive bullish strength to stock Price began to fall and created 1st high for range Company announced their adding to their menu "Organic Veggies" But Price continued to fall Price found support and retested the range top Price broke out of top range with strong volume support but breakout failed Price returned to range and fell to retest range bottom Bias is Bearish range breakout because of failed bullish breakout Watch for a Close below the range bottom w/ volume support
NASDAQ:PZZAShort
by Tradingstrategyguides
USING MATH TRICKS ON YOUR CHARTS You can't count cards in casinos, but you can count bars in price action. No matter what pattern you trade, I would bet that if it falls out of of the pattern in less than 5 bars, it's not going to happen, so don't waste your time. Come back to it later. But, if it holds the pattern for 10 bars, it's probably going to continue in the pattern for 20 to 30 more bars. This little trick enables you to estimate how much time to expect your trading pattern to continue which is very useful when you're deciding whether or not you want to take the trade. For example, if you're looking for a range pattern to trade on a short-time frame chart, look for one that has been working the range for 10 bars and you can expect at least 10 to 20 more bars of similar price action. The MACD (Moving Average Convergence Divergence) is another math-hound I love on my charts. It looks at historical prices and gives you a picture of current momentum and direction. MACD crunches numbers on 4 different levels, and that might be hard to do in your head. But, have a look when the MACD line crosses zero, changing from positive to negative polarity, and you'll know the math is telling you something new is happening in the market right now. How does it take historical price numbers and tell us what's happening now or even be predictive of what's going to happen next? Mathematically, of course, it can compare what was happening awhile ago with what the price numbers are doing now, and detect change in the algorithmic patterns. When "change" is viewed as momentum starting to build, that math makes you smarter with your trade entries and exits.
Education
by Tradingstrategyguides