Counter Trend TradingAnytime we are taking a trade we're trying to build
a case to why it's a good trade.
Here the counter-trend trader would be thinking:
-Price inside 4hr DBR demand zone
-Price overextended ridding the bottom of the BB
for 10x candles in a row
-Stochastic RSI is oversold
-Imbalance, correction, imbalance, with potential correction time.
Average Imbalance wave to downside = 4.2%
The average Correction is 3.2%
Would I buy straight up? no, but I'm sure some traders might.
instead of confirmation IMO is the better play +
considering smaller risk + quicker trade management + quicker TP as
the trade is aggressive.
Stochasticoscillator
RAD bullish pattern repetition?Similar pattern formation to Jul and Oct 2022.
High Stoch and strength from a rising RSI can help boost the price over an estimated 3-month range.
MACD at zero level cross. Good entry point. We want to see this MACD maintain well over the zero level along with an RSI maintained over 50.
More peaks above 80 in Stochastics can help support the bullish thesis.
Assumption is a Q3-2022 pattern repetition.
A bullish engulfing candle is expected but is a lagging indicator on such a chart. It can be used as a trend confirmation.
APPL bearish signalMACD has been below zero level for past few days and volume profile is in the red.
RSI struggling to stay above 50 level. Has broken below 20 level multiple times and not crossed 80 level over the past few days. This is a bearish sentiment.
Stochastic has been below 20 level for the past few days and struggled to cross the 80 level. This shows price is biased more towards the 52 week lows.
Stochastic + RSI + MACD zero cross strategy from backtest on SPYStrategy
1. Stochastic cross at 50 level
2. RSI cross at 50 level
3. MACD cross at 0 level
4. Engulfing Candlestick?
5. Level 2 Tape sentiment balance (Optional)
Technical Analysis
It's a simple technical analysis setup strategy for bullish or bearish trading setup in both bullish and bearish sentiment scenarios. All levels in the indicators are at standard default settings.
Step One:
Look at the Stochastic indicator cross at 50 level and a cross over the signal line. This will be the first check and we want the cross to occur at the 50 level.
Step Two:
Check the RSI and need a cross at 50 level. This is the second confirmation.
Step Three:
Check the MACD cross and it's best to wait for the cross to happen at the zero line. This has a lower instances from occurring but it helps to avoid fake-outs that MACD is prone to showing.
Step Four:
Look for an engulfing candlestick pattern in the chart for a final confirmation.
Step Five (Optional):
If you have access to Level II quotes and the Time&Sales, watch for a momentum into the Ask side for a bullish sentiment or the Bid side for a bearish sentiment. Also you'll need to be familiar with tape reading on the volume and speed for better entry or exit.
BTC/USD Sideway what can we plan?Hi everyone and Happy new years 2023 From Thailand. Wishing you happy and wealthy.
Okay let talk about BTC, we surely BTC are in downtrend and now are sideway in downtrend after that no one know it will go to lower low or make reversal pattern but we can do trading by use Stochastic you see in Charts Stochastic quite affect in sideway, my advise is when Stochastic are Overbought and clash with resistant that are Shorts/Sell Signal and Stochastic are Oversold and clash with support that are Long/Buy Signal.
However you have to follow closely because range movement of BTC it's so narrow, keep do risk management if ratio of risk/reward less 1:2 it's not worthy to take that position.
That my idea hope you get some ideas to trade. Ps. Market always right and should not fight with market.
EURUSD CLOSE OR STAY ?! 📉📈Hello guys, a few days ago, I took a buy trade on #EURUSD🇪🇺🇺🇸; I will be thinking if closing the trade would be a good idea because the price has been ranging between intraday price zones. Friday is a bear day, like Wednesday and Thursday📉. This might result in a mini loss or gain.
But buyers could still reverse from the range’s support 🤔📈
I will leave the trade open!
PHILIPS - Oversold - LongpositionOn the Philips chart (PHIA - 4h timeframe), We can see the price is currently oversold. The price is approaching a support area and is probably going to bounce off. Enter and leave the trade at the level defined on the chart.
The three indicators used are Bollinger Bands, RSI, and Stochastics. All these three indicators are confirming the oversold condition.
See all further details on the chart.
Good luck!
#DXY - Bull Divergence Building - Long SetupThe DXY is nearing a crossover 0 value on the Detrended Price Oscillator.
Bull divergence is present on the DPO
The Stochastic 34 fib lookback is oversold and refueled for launch.
Stop loss/Trail stop either use DPO crossunder 0 value, DPO crossunder bull divergence support line, or use the (TS) support line on the price action chart. Good luck
Excellent entry because we have such a tight stop loss minimizing exposure
DASHUSD - Short - Retrace possibleOn the chart we can see the price is currently overbought. The three indicators are suggesting the price is in overbought condition and is likely to go down.
This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands, RSI and Stochastic.
See all further details on the chart.
Goodluck!
ETHUSD - 7% Increase possible - LongOn the ETHUSD 4h timeframe chart we can see that on this day the price became oversold. When looking at the Bollinger Bands, RSI, and the stochastics we can see all the indicators are matching the criteria for being oversold.
In our opinion the price will dropp a little bit lower today towards the support line. After this has happend you can take a short-term long position.
All further details are shown on the chart.
Goodluck
ETCUSD - Long - Small bounceOn the chart we can see the price is currently in oversold condition. As we can see all the three indicator are suggesting the oversold condition. So this can be an shortt-erm oppurtunity to get approximately 7% profit if this plays out.
The indicators used are Bollinger Bands, RSI and Stochastics.
See further details on the chart.
Goodluck!
LTCUSD - Short - Small drop comingOn the chart we can see the price is currently overbought. As we can see all the three indicators are suggesting the overbought condition. So this can be a short-term oppurtunity to get some profit if this plays out.
The indicators used are Bollinger Bands, RSI, Stochastic.
See all the details on the chart.
Goodluck!
The "Hidden RSI Divergence" and a LIVE TRADEFinding regular divergences is an easy thing especially when you're using the heiken Ashi algo oscillator but finding hidden divergences can be a little bit more complex. So in today's video I'm going to show you how to find hidden divergences and what you should do with them.
Obviously step number one is go to the community scripts on tradingview and search for Heiken Ashi Algo Oscillator
If you Have any trouble finding it just follow this link
What you're watching me do in this video is identifying hidden Divergence has and I am doing a live trade.
I am also discussing the importance of setting your support and resistance levels as well as looking at your charts, doing your analysis on a high time frame and then doing your actual trades on a lower time frame.
In the previous video as I've mentioned before anything happening between the green and red or + 10 + - 10 range of the oscillator anything inside that area is irrelevant you don't care about heiken Ashi values or oscillators values or anything inside that area so when you have your RSI cross for example above the 0 level you also need a hike and as you candle to close above + 10 when you have your RSI value across below the 0 leveled you also need a heiken Ashi candle to close below the -10 level.
One thing to note is the major difference between regular divergences and hidden divergences is this.
When looking for Regular Divergence has you are looking for highs above the +10 of the oscillator or you are looking for Lowe's below the -10 level of the oscillator.
However with hidden Divergences it is different. a hidden Divergence will be the Lowe's above + 10 and the highs below -10. So at this point you are looking for the highway 6 or the low wicks in those areas.
But ultimately you still trade them the same way. Meaning that if your RSI slope is to the down side then you have to be ready for your price to move down. If the slope of your RSI Divergence is to the upside then you have to be ready for price to move up.
I could do my best to tell you in this dialogue how to do this trade however it would be best for you to just watch this video and ask questions below.
IOTA Stochastic Turns Bullish. Is it a Bull Run or Bull Trap?IOTA’s (MIOTA) weekly stochastic flipped bullish for the first time since August 2021. The bullish stochastic crossover and the above-20 reading may be positive for the cryptocurrency, but there is a hidden alerting pattern that may hint at a bull trap.
IOTA Stochastic Indicator
A stochastic crossover signal emerged on the IOTA weekly chart. However, the bullish momentum is not confirming the bullish crossover signal. The cryptocurrency price has witnessed range-bound activity in the last 5 months.
Because the IOTA price is trapped in a consolidation phase, there is a higher probability that the stochastic crossover signal is a bull trap.
2018 Bear Market Comparison
If we compare the current bearish market with the 2018 bear market, we can see some striking similarities. The current bear market started after the previous bull run peaked in April 2021. Similarly to the 2018 bear market, we had a bear market rally that peaked precisely 20 weeks after the first peak.
After the market peaked in April 2018 and August 2021, the market slowly drifted lower, breaking to new lows before entering into a long-term consolidation mode.
If we’re going to experience the same type of pattern, then we can expect the current consolidation to last 111 weeks. This potentially means that we will consolidate until the next Bitcoin halving event scheduled on May 2024.
What is the Heiken Ashi Algo OscillatorWhat is the "Heiken Ashi Algo Oscillator"
Well here is a link to it
It is an indicator that measures volume and momentum.
It plots and RSI as Heiken Ashi candles.
It includes seven different types of moving averages against the relative strength index.
Each one of these moving averages calculates faster than the previous, starting from the SMA to the LSMA.
It includes a hidden vwap as a moving average to confirm Trend Direction.
It uses a "Double Stochastic Strategy" designed by @CoffeeshopCrypto
The first Stochastic being called the "slow stochastic" and the second stochastic using a hull moving average calculation and it's K% and a separate multiplication in its D%.
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Welcome to the coffee shop everyone. This is your host and Barista Eric as always serving up something piping hot and frothy unless you just like a chai tea which tastes like a hot Garden in a cup. Chai is definitely not my cup of tea but I do like drinking tea over coffee . So if you feel like sending me something then let it be either coins on tradingview or it could be a few tea bags of your favorite.
Okay so I'm keeping the intro very short today and I know my videos tend to be pretty long and I max out at the 20 minute marker but I do like to keep you people informed and today is the information you've been waiting for.
today is the release of the Heiken Ashi Algo oscillator.
There is definitely not enough time in this video To break down all the different ways you can use it for trading because it is available to so many different styles and strategies so in today's video I'll show you what all the parts do what all the parts mean you can take it and added to your chart and start running with it.
In the meantime day-to-day you will see new strategies posted in my profile. Each one depicting a different trading strategy and trading style that can you can use against the Heiken Ashi Algo Oscillator.
I figured it would be easier this way anyway to break up the trading Styles across different videos so that there is no confusion and you won't have to worry about watching two different styles in the same video at least .
So without further Ado let's grab our coffee and tea and raise our glasses in a universal, community style toast and get onto the oscillator and all of it's moving parts.
This is where you need to play the video and listen, because it would be TOO MUCH to type and too much to read. So let's go.
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For my trading style, the HA candles have been Recalculate it again because I come to find out that the AHA candles are based on a 2. Calculation which means if my candles are set to 9. IRS I should be twice of that and my RS I'm moving average should be two times at so my candles are 9 my RS I is 18 which is 9 * 2 and my are as I'm moving average is 36 which is 18 * 2.
I just wanted to point this out before anyone starts asking me what are the best settings. these are not necessarily the best they are simply the ones that work for me.
HA Candle: These are the colors, Wicks, and borders, as they are plotted against yourRSI. they are simply a representation of the RSI signal but you can have your RSI set at one length while your candles are set at another length.
RSI: No description needed here this is simply the relative strength index
long exit - This is a signal to tell you the uptrend is going to pause or stop.
short exit - this is a signal to tell you that the downtrend is going to pause or stop
Resistance levels - This is a signal to tell you where you can set the beginning of a trend line and the level of resistance on your chart.
support levels - is this a signal to tell you where you can set the beginning or end of a trendline and set a support level on your chart
RSI Moving average - this is the signal line of your moving average against your RSI and you can choose up to 7 different calculations.
Buy and sel Signals - These signals are triggered based off of certain criteria happening in the oscillator related to volume and Trend Direction.
**WARNING** You should take BUYS when you are in an uptrend and SELLS in a downtrend. (IE 200ma below the 50 ma for uptrend and 200 above 50 for downtrend)
Slow stochastic RSI ribbon - this prints a visual representation of the regular stock a stick on your oscillator.
Fast Stochastic RSI ribbon - This is the second part of the double Stochastic strategy which prints a fasterStochastic on your chart which uses part of a hull Moving Average calculation.
Finally ALERTS have been included.
To use the alerts go to your alerts Tab and click create alert.
Under "Condition" select Heiken Ashi Algo
In the drop-down below it you can select:
buy signal to enter long
Sell signal to enter short
Soft Long or Short exit, if you want to get out of your Long or Short trade when the trend begins to change
Hard Long or Short exit, Is when you definitely should get out of your long or short trade.
there is also an alert set up if you want to be notified about new resistance levels or new support levels.
Just select the one you want and adjust the message that will arrive to you via email, phone, or on screen.
So........ did we do a good job? Let's talk in the comments below.
$HUM, $XLV, Healthcare sector worth watching nowIf you have been invested in healthcare stocks or ETF's you may want to take profits between now and the end of October. I am keeping an eye on this chart for some good trades. It is a low volume stock with very low options volume, so be very selective with your entry time/place and your option price. Daily trading ranges can be large or small, so give extra consideration to time frame and holding time in your trade plan.
Please note on the chart:
* Linear regression channel shown from 2019
* Yellow dashed lines showing 370-470 trading range
* Light yellow rectangle shows two-year range which was recently broken higher
* White line (channel center) regularly acts as support or resistance, price is wavering along this line
* RSI only had one instance of going over 67 (white oval) or under 33 since 2019, and that resulted in sharp reversal, for now it is moving lower
* Stochastic %D has completed three peaks since dipping below 30 and is now turning down
Price was weak on Monday and closed lower, but still in its recent range (sideway. I am looking at a few possibilities for trades:
* If the market rallies this week HUM may stay under the white line and selloff down to 457, 435
* If the anticipated October leg down occurs, then price may move up to analysts' 550 price target (also top of channel)
* Price has been sideways for two weeks, so it should move higher/lower soon
$TSLA strong - Will it clear 305, 309?Look at the daily candle for 13Sep and you would have no idea that U.S. markets tanked on the same day. This is relative strength, and it shows in today's price action as well (see smaller timeframes).
There is a recent inverse H&S pattern, shown by the peach zigzag arrow. In order to move higher, buyers must move price over 304-305 (volume shelf) and then clear 309. That leaves a volume gap which should quickly see price reach 320.
RSI and stochastic, as shown in yellow circles, indicate strength and room for price to move higher. Note that %K (gray line) may zigzag but %D is still rising and if it crosses over 80 then TSLA should see the late buyers come in.
* RSI LESSON (14-day) - On 4 Aug RSI moved over 70, which indicates bullishness. When RSI turned down with price, it stopped just over 40 (green bar) and turned back up. 35-40 is a bull support zone. RSI showed buying strength when it held 40 and moved back over 50 without retesting this level as price kept rising.
*** Note: TSLA crossed 304 and drew in sellers at 306 while I was writing this. Watch for a pullback to 302 on smaller timeframe if you want to buy calls and check indicators for a good trade setup. It may drop lower if market retreats in the afternoon. (based on 30m chart)
[09/14] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
Before the CPI announcement yesterday, Bitcoin continued to renew its high point, showing a strong rise.
However, the CPI announcement was above and the source Cpi was twice as high as expected, resulting in a strong fall
Coincidentally, after rebounding to the edge of the downward trend line from 69k, that's exactly where the very big drop started.
In an instant, it fell more than $1,000, and NASDAQ also began to fall strongly, eventually, NASDAQ fell more than 6%, and Bitcoin fell nearly 13% as it reached 19.8k.
In terms of transaction volume, it occurred stronger than when it rose steadily, reaching the top line of triangular convergence that was formed before, and is supported in the section.
It's showing a little short-term rebound, but it's resisting in the Fibonacci 0.236 position of the decline, and I don't think we should predict the direction hastily.
The support line hanging below is likely to be supported on each line of the triangular convergence upper line and the lower line, and if this section is broken, it will be 18.5k and then 17.6k.
Bitcoin's one-day candle 533 Stocastic came down strongly, bending its head from the top, but it hasn't come down half yet.
The same goes for NASDAQ Stocastic 533.
(Stocastics is an auxiliary indicator such as RSI.
If the index value is at the top, it is likely to fall, and if the index value is at the bottom, it can be interpreted as overselling (highly likely to rise)
I think we need to check the closing of the main salary.
If last week's beekeeping peak appears, I think we should keep in mind the 17.6k low point renewal.
Nas100 Late Night IdeaI had issues publishing my markup on the 5 minute so yall could exactly see what i was trying to get at, but this will do anyways. So im interested in buying at my line marked orange. If you notice, my stoch indicator is really spread apart because its showing me the price for 1 hour which helps me better than having two charts on one screen. So anyways, the stoch is undersold (?), and my moving average should break soon, and if price breaks that range i would definitely ride up to my take profit line.
$TSLA - What happens in the red circle? Low risk 9/16 putsWhile I usually use candle charts, sometimes I switch to line charts for better perspective. On the weekly you can see:
* resistance at 50sma ~298.40, price is there
* white down trend line is ~308-310
* price already reversed from 50ma, tested 20sma, and put in a big upward move this week (reason for caution on puts)
Look at the yellow circle on RSI (14 day). It tested 50 and is back up. If RSI closes above 50 today, then a trade above today's high negates RSI support for puts. It could still rise and move down later Monday or Tuesday, but support from RSI will be weak.
Stochastic - %K is red in the yellow circle however as seen on the left we cannot expect it will immediately turn down. I like %D, gray line, which has already dipped once and is now up again. This is a good time to buy puts - put options are cheaper when bought as price is rising. You can look left and see that %D will zig zag in the process of %K turning down from over 80 (or turning up from under 20).
Remember this is a weekly chart. Choose when you take profits. Today I am keeping the position as long as price stays below 289. My risk thus is very low since I bought when TSLA was ~298.30. Since I carry the risk of a gap or move higher on Monday I have a very small position to hold over the weekend.
I have support on the 30m chart - directional buying volume is elevated (buyer exhaustion) and both 5ema and price are above the Keltner channel. On the daily chart today is the 4th green candle while 10ema is still below 20sma. If today the candle closes above 200sma I see a good possibility that price at least pulls back on Monday.