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QTUM/DOLLAR 2H DARVA BOX STRATEGYStep #1: Identify at least two Darvas boxes that are on top of each other The first trading rule is to let the market develop at least two Darvas Boxes. Basically, the two Darvas boxes are showing that the market is starting to move in steps to the downside. So at this point, the market also should be making lower highs followed by lower lows, which is the basic definition of an downtrend. In the real world, you’ll notice that the Darvas boxes don’t perfectly stack on top of each other. You’ll rarely find a series of Darvas boxes where the following box has the bottom perfectly aligned with the top/bottom of the previous box. You will notice that the price range of the second Darvas box can move into the space of the first Darvas box which still qualify for a valid Darvas box. Note* Big candle wicks are ignored when drawing the Darvas box. Use the closing price instead. Step #2: Draw a support line in the middle of the first Darvas box We’ve noted that there is no such thing as perfection when dealing with the price action. And since the Darvas boxes tend to overlap, another characteristic is that in most of the cases the top/bottom of the current box won’t exceed the middle of the previous Darvas box. In this case, we can anticipate that the third Darvas box will develop its top around the middle or bottom of the second Darvas box. Step #3: How to sell QTUM: Sell when we test the middle or bottom of the 2nd Darvas Box We want to buy low and sell high because that’s the rule number one to make consistent profits. We sell QTUM as soon as the middle or bottom of the 2nd Darvas box is tested this will ensure that we sell on a retracement in an already proven downtrend. Step #4: Place your protective Stop Loss above resistance level in the second Darvas Box Our improved cryptocurrency sell strategy comes with the advantage of providing us with a very tight stop loss. We can hide our protective stop loss within or above the second Darvas box. A break above the second Darvas box will invalidate the whole price structure and it’s wise to get out of the trade as soon as possible. Two things can measure the success of a trading strategy. First, how tight the stop loss is and secondly the stop loss placement needs to be logical not just a random price coming out from over-optimization. Step #5: Take profit needs to be 2 or 3 times more than your stop loss Opening a trade is just the beginning; you also need an exit strategy to maximize your profits. It’s often said that it’s more important where you take profits than your entry strategy The professional traders place more weight and attention on the exit strategy because that’s how they make money. Probably, this is one of the oldest trading secrets that smart money doesn’t want you to know. Note** the above was an example of a SELL trade using the Free QTUM cryptocurrency strategy. Use the same rules for a BUY trade – but in reverse.
Q
by Tradingstrategyguides
SILVER 1D (XAGUSD DAILY TRADING RANGE TRADE SUGGESTIONI suggest your enter your order ahead of the range bottom around 15.63ish (depending upon your risk tolerance), with your stop loss below the 10-July-17 low (15.1750), targeting 1/2 of the range and the top of the range (16.4766 & 17.3399 respectively.) You can take some profit off at the 1/2 point or just follow your stops and hold for the top. I suggest you be sure to size your trade so your max loss is no more than 2% of your account (or less.) Follow your rules explicitly. NEVER BET THE FARM!
FX:XAGUSDLong
by Tradingstrategyguides
CME_MINI:EMINI-FUTURES If the e-mini gaps up i expect it to hit 2774 If it gaps down it will hit 2744 if it breaks my range estimation either way - breaks up long to 2787 breaks down short to 2733 CME_MINI:E-MINI FUTURES looks like it is going into a range for the next couple of weeks so looking to trade level fails long and short. 2744 has some action on it from previous weeks so price should bounce around on that level for a while. 2785 fail on the 21-jun-18 is telling me it range time. I think trading will be between 2790 and 2730 that is a 60 point range to trade inside of. Wick on the 19th says there is buying interest on the 4h so consolidation should form next couple of weeks. 200ma should be hit again, so looking at that level for bounce. will see what happens Monday.
CME_MINI:ESU2018
by Jimmyrockhard
AU long to 75.000 then short to 73.xxxAU is looking to long to 200ma, i think its going to get near 75.000 and then short down to my channel bottom (73.xxx). last week price double bottomed back into week open range and closed up, but not over the open of the week, still think it is showing bullishness but over all i am looking to short AU, maybe in the coming weeks. AU monthly is in a established channel, which alot of people would be watching to break, this week will be the end of the month, i feel like it will just keep ranging in the channel as AU usually likes to do.
Long
by Jimmyrockhard
I short SPX. Something little different that Bitcoin today. I have identify a loss risk trade. Stop-loss is close and possible profit target is lot more bigger. The ABCDE triangle consolidation provide us a decent breakout but this one have been struggle and squeezed by the bigger range. In a range you sell the top resistance : basic rule. I have not a lot of time (i hope in some weeks it will be better) so here is the schematic chart once again. First target for partial profit is the bottom of the range, next one is well under it. I would reenforce the short position if we break the bottom of the range. As always, i do it for my personal trading and entertainment. Have a nice day and a lovely week. And be patient on crypto. Nothing to do on the market for now.
SP:SPXShort
by KassandrA_dotcom
14
EURUSD 4H RANGE TRADESPair may go sideways waiting for FOMC tomorrow Price is technically in an up-trend position because it has not swung below ma's in last 30 bars If it is going to be a trend then price should make a higher high If not, then price should drop below both ma's and fall towards the range bottom Watch Macd for direction Bullish trend trade Range top breakout Buy Stop 1.1860 Take Profit 1.1925 SL below Range top Bearish Range trade Price fall below both ma's Sell Stop 1.1698 Take Profit 1.1632 SL above 100 sma
by Tradingstrategyguides
2