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Rsioverbought

Momentum play on NQ 45-min via volume-weighted RSIOverview Simple overbought-oversold momentum play using NEXT RSI , which blends volume analysis with momentum. Volume weighing of the algo reduces the lag and improves accuracy over vanilla RSI as volume often precedes price action. This is a contra-trend (momentum exhaustion) scalping strategy - use order management (TP, SL, trailing stops) and do not trade signal to signal (e.g. long-short-long) . Strategy Rules: - NQ Futures, 45min chart - Long Entry when NEXT RSI crosses over 35 - Short Entry when NEXT RSI crosses under 65 Order Management: - Take profit @ +$50 - Stop Loss @ -$50 Prerequisites and set-up: - NEXT RSI configured to 21,3,65,50,35 - NEXT Strategy Visualizer configured to Signal Source: NEXT RSI, LE @ 35, SE @ 65
CME_MINI:NQ1!Education
by ChartVPS
USDJPY - Bearish BatA Bearish Bat setup for a Harmonic Patterns as a trend trading trade. I didn't shoot this to my trade ideas community because there is some form of risk on this setup. The long shadow candle or a pin-bar that was highlighted with the yellow eclipse is the reason that probably you shouldn't engage in this trade. But I'm getting adventurous today, because base on structure, it is telling me that the buyers can't keep it at the level and close low, which in turn show a pretty strong bearish candle.
Short
by RaynLim
NZDUSD - Supply Zone and Resistance LevelThere's no need for thousands of lines to make a trading work, it can just be a simple line and a small box if you know how to read the price chart, naked. Naked trading is what I've been doing for years but never really use that term. It simply means trading without indicator, just base on candlesticks. The black rectangle box is the aggressive trading zone for traders to jump on the bandwagon. Conservative traders can wait for the retest on the red line for a shorting opportunity.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Jul21,Wk1Well if you have missed the bearish shark shorting opportunity, you might not want to miss this Bearish Shark Pattern on the 1-hourly chart which has to form before 29Jun2021, 1am(+8GMT). If the candle fails to touch point D before the dateline, I will scrap this trading idea. Lots of traders have complained that the market volatility has dropped, but we still managed to capture some great profits. Check my link(within TradingView at the bottom). My student has spotted a shorting opportunity as well, leave your thoughts on which trading setup do you prefer, and why?
Short
by RaynLim
6
USDJPY-Weekly Market Analysis-Jun21,Wk3USDJPY is moving slightly higher and higher each day, this may sound like a Dollar optimises but I can assure you the big picture is the exact opportunity. At this moment I'm just going to play along. I'll short when the market retraces back to 109.76 and turn my trade to long once it reaches the trendline and fails the close below the trendline. You can check on the link below on my student's view. Feel free to share your thoughts in the comment segment.
Long
by RaynLim
Soon we'll trade it, but not right now.Yes, PLTR gave us a good trade, but right now it is dropping and we have no bullish pattern around. Yes, one may say that the 23.34 is a pivot point, and that we just hit a support level at the 20ma, but look at the 4h chart: We just hit a resistance at 24, and the RSI looks overbought to me. I would buy it again if it corrects to the 22 area, but it feels it is too soon to buy PLTR again. Either way, I’ll keep sharing my ideas with you, and hopefully we’ll do another trade on PLTR, but only after a correction to the 22 area. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:PLTR
by UnknownUnicorn21312077
7
GBPUSD-Weekly Market Analysis-Jun21,Wk1If you have been waiting for the Bearish Bat shorting opportunity(chart at the bottom) and you had missed it, well, it looks like a better opportunity might present itself for a trading opportunity. After the candlestick pattern has confirmed, I will short the Bearish Shark Pattern at 1.4228 regions for a counter-trend or trend reversal opportunity. Coincidently, my student has the same view on the GBPUSD market movement, you can check out his analysis below.
Short
by RaynLim
1
It almost hit our target today! What's next for us here?TSLA is doing very well, as it did trigger the buy sign we’ve been talking about, and it is flying right now. All the points we talked about in our last analysis are working pretty well. It did a false breakout from the bearish pivot point in the 30min, and it did a hammer that closed above the 20ma, a buy sign for sure. But a correction to the 596 is expected, and TSLA was pretty overbought today. Anyway, TSLA just broke a pivot point, and the trend is now bullish. We have a better view about the importance of the 596 in the 4h chart. Tesla might seek it again, but since it just broke the pivot point in the 30min, this could reverse the trend in the 4h chart as well. Anyway, TSLA almost hit our target at 626, but I think it’ll still hit there, let’s just give it more time. If TSLA breaks the 626, the 683 is the second target. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLALong
by UnknownUnicorn21312077