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GOLD - XAUUSD BUY 11/10/2017 It is necessary to point out the new resistance level 1291.60 - 1294.20, which contains large volume that has stopped the growth of the price. Now gold is trading a little bit below this mark. Given the sure growth we should give preference to long positions, but only after a breakout of this fresh level. The move should be sharp and supported by increased/large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is around 150 pips. The bottom line: long positions after a breakout of the resistance.
OANDA:XAUUSDLong
by trustbrokergroup
AUD/USD SELL - 06/10/2017The pair has finally come out from the consolidation and now is trading below this range. The move was pretty abrupt and was supported by increased volume. Also we need to point out the level of resistance 0.7811, where large volume is concentrated. Given the facts above, we should open short positions after a smooth upward correction to obtain a better price for enter. A stop loss should be placed above the resistance. A potential of the deal is 60-70 pips. The bottom line: short positions are in priority.
Short
by trustbrokergroup
USDJPY Long (HA-GANN strategy) 15min ScalpingI should have bought long HERE when the Heiken Ashi changed direction, but I missed it. But I'm still in profit. I entered on the big green arrow. "Buy the dip" on a bullish run. Use Heiken Ashi for a smoother entry. There's only 3 rules for this method. 1.Define Trend 2. Wait for pullback 3. Enter on first candle after the pullback. So if you have an overall bullish trend, wait for the first bearish pullback. After price crosses Gann upward, then take the trade at the close of that first bullish Heiken Ashi candle. Set Target Profit to 30% and Stop Loss to 10%, ALWAYS INCLUDE A STOP LOSS!
Long
by bones1390
1
Potential 2618 on AUD/CHF 15 minute ChartI'm looking at a triple bottom on AUD/ 15 minute chart, providing a potential 2618 opportunity. If price action can come into the area of the 161.8% inversion of the third bottom (an extension can also be used from the mid leg of the triple bottom to determine the 161.8%), this will provide a potential 2618 buying opportunity. Entry will be between the 61.8 and 76.4% retracement. My targets will be at previous structure highs at around 7719. Stops will be below the lows of the right most leg of the triple bottom. I'm using EMA ATR stops which on the 15 minute is about 5 pips below the low... ie 7679 The triple bottom is coming off a Bullish Cypher pattern completion on the 1 hour chart, so I'm assessing this in conjunction with my previous Bearish Cypher analysis, which hasn't been invalidated yet though it's looking quite messy now (link below). That is to say, I anticipate that price action off the 2618/Bullish Cypher has the potential to reach 7752 to complete the previously identified Bearish Cypher or at least establish a decision point at that level. PS: I've been noticing something with harmonic patterns which I am trying to confirm via back testing and I would appreciate some input on this, as to if it is a valid observation - I've been noticing that (and this instance is a good example) with harmonic patterns (Bats, Gartleys, Cyphers...), on completion, and prior to the anticipated move, will tend to double top (or bottom)/retest the completion levels before moving in the expected direction (long or short-when the market chooses to be in agreement with your analysis). Has anyone else observed this? Is this a common place occurrence/observation? I've started waiting for these retests after pattern completion as confirmations before entry.
Long
by scorpiousg
WTI Trade ExamplesWTI dropped from 52.00 level and gave us several sell signals. You can see how Ichimoku indicator should be used for searching trading opportunities. I marked entry levels for possible short trades. We could sell everytime when price bounces from Tenkan and Kijun lines. RSI and candlestick patterns could confirm price reversal. DMI showed trend market conditions and allowed trading. Please, note one thing, Ichimoku is trend indicator. It can give good signals in trend market conditions. That's why my trading strategy includes both indicators for getting better results. How to trade based on Sunrise Trading Strategy you can read in my posts on TradingView: Part 1 , Part 2 , Part 3 and Part 4 . P.S. If you think this information can be useful, please, like it and share. Also I will be glad to read your comments )
FX:USOIL
by DLavrov
3
Mumbai Scalper Strategy Proof (EUR/GBP)Proof of the Mumbai Scalper Strategy.... Not a huge advocate of scalping but can come in handy when your medium/long trades are playing out. This Chart shows a sell scenario. this shows that when the Parabolic SAR is in a downtrend we wait for a confirmation of the stochastic oscillator to cross the 80 level, when both of these criteria's are confirmed, place a trade on the opening of the next candle. Stops set at the high of the previous candle or in this case adjusted due to risk assessment. This method works 9/10 times for me and i find it keeps me on my toes as it is a lot quicker paced type of trading than i am used too.
by BrassingtonJ23
#TSOT -Alternative Strats #SP500 Index #VIXA long call option in the VIX has been over-crowded for sometime, instead taking a queue with the VIM2017 for June futures was more logical as it has also been over-due for a correction before June'17 expires by the end of the 2nd quarter trading. The motivation has been identified to be a technical Island formation and the fact that a third price swing above 18.00 would be an attempt in line spread over a defined period of time. An alternative Plan B and an arbitrage Hedge is likewise in the making to ensure gains made over the carry-over period from last 4th quarter of 2016 would be protected in the event that such declines would continue to do so unexpectedly. Since we have called the price @2200-2500 for the SP500 Index, which is @2269 to this writing. In the event of a turn around, timing a relatively increase in market volatility will justify this strategic move. This would reflect only a price reversal not necessarily a trend reversal as prices are still well within a major decline.
VLong
by megatrade101
3 TRADING STRATEGY'S IN ONE CHART - EXPLAINEDHi Traders, Please find below three basic trading strategy's that can be implemented to any market on a daily basis. I have only given out basic information on the ratio's and Fibonacci's of the three strategy's, should you need anymore in depth information don't hesitate to contact me. 2618 Rules Of Engagement: 1. Double top 2. Break & close below neckline / support 3. Sell at 0.618% Fibonacci Retracement Gartley Pattern Rules Of Engagement: 1. 0.618 Retracement of the X to A leg 2. Atleast a 0.618 Retracement of A to B leg ( can't exceed A ) 3. 1.272 Retracement of the B to A leg 4. Buy at the D leg ( 1.272 ) The ABCD Rules Of Engagement: 1. 0.618 Retracement of the A to B leg 2. 1.272 Retracement of the B to C leg 3. Buy at the D leg ( 1.272 )
Education
by UnknownUnicorn180388
19
AN INTERSTING CURIOSITY ON AAPL!When someone talk about a smartphone, what is the device that your mind start to thinking?! In june 2007 the first Iphone was released and it becames immediatly the most loved mobile of all time, in fact when a new one is coming people are ready to literally camping in front of Apple store. The chart confirm this Trend, the popularity have started to rise since that moment and now this stock is maybe the most well known of NASDAQ and so on! What is better of a little phone?, a biggest one: it was born the Apple tablet! It was on jenuary 2010 and here the stock jumped on an airplane and go away from the bottom to the top! What do you think about guys?! Will it continue to rise or maybe start to go down?!
NASDAQ:AAPL
by dadotheshark
Thoughts on using Renko Charts (cont.)Some of the following ideas are based on concepts outlined in this link: forexformation.com And, from the book "New Concepts in Technical Trading Systems" by J. Welles Wilder, Jr. In my previous ideas on renko charts, my main goal was to identify price consolidation based on ADX and then trade the breakout. In this idea, I'm going to add another concept which is using the Parabolic SAR that was originally described in J. Welles Wilder's book and also included in the link above. In addition to the PSAR, Wilder created the Directional Movement Indicator (DMI) which includes the ADX that I've leveraged too. In his book, while describing the PSAR system, he added an alternate way to trade the system which is to use the DMI to determine when to trade. For example, if the +DI is dominate, then only trade to the up side based on PSAR signals and likewise, if the -DI is dominate, only trade when -PSAR signals are to the down side. If the market is not trending (the ADX is dropping to 20 or below), don't use this or stay out of market. In Wilder's book, he suggested the parameter defaults that are used by TV but the above link uses an AF of .09 and increment of .09. I'm not sure why but it looks like this might work better with Renko Charts. For Renko Charts, I'm using 3 views of a market (using crude oil as an example): Daily TF: source/close | style/traditional | blksz/.50 2Hr TF: source/close | style/traditional | blksz/.25 5Min TF: source/close | style/traditional | blksz/.10 I use the daily TF to get a sense of what the market direction or bias, the 2Hr to look for patterns to trade and the 5Min to time or trigger a trade. Using Wilder's suggestion to use the DMI to determine the trades to make, I'm going to start by using the daily TF DMI to drive which direction to make trade but use the 2Hr to identify the block/PSAR to make a trade and the 5Min to finalize the trade. With this being said: Daily TF: +DI is dominate to only take trades to upside 2Hr TF: PSAR signaled a buy several blocks back 5Min TF: Currently in a price consolidation and waiting for a breakout above 54 to potentially go long
TVC:USOIL
by mxb1961
Thoughts on Renko Charts (cont.)Since my last discussion on Renko Charts, I've made some changes to what my view of long term vs. short term is. Currently, I'm experimenting with a 2hr and 5 min chart I'm continuing focus on my primary scenario of a breakout of price based on consolidation dictated by the ADX of the DMI. The general goal is to find 2hr charts that have an ADX reading of 20 or lower for at least 7-10 periods. During this period, identify a pattern (trend line, triangle, channel, support/resistance lines on price) and then look for price to breakout. However, instead of using the 2hr chart to identify the timing or trigger of the trade, use the 5min chart to make that determination. Recent soybean chart can be used as an example. The last consolidation in price occurred at (B) in the form of a triangle on the 2hr chart. However, if you look at the 5min chart, the trade could have been triggered by its own breakout based on similar consolidation (A). Notice how the 5min chart expands on the actual movement of the 2hr chart. An example of a continuation breakout can be seen in NGAS. Using this chart, (A) on the 2hr is just a one block pullback but the 5min chart shows a decomposition in price that ends with the ADX dropping below 20 forming a possible ascending triangle before price breaks out to the upside. Corn is currently in an extended channel on the 2hr chart which has led to a similar pattern on the 5min chart. This could be a market that is ready to be traded on the breakout of the channel.
OANDA:SOYBNUSD
by mxb1961
1
Thoughts on using Renko ChartsOne of the first links I came across which seemed to have the least complex strategy: www.dailyfx.com Another challenge I quickly came to was what settings to use on TV for Renko charts. A special thanks for @GcNaif for helping me with these configurations for Crude Oil (which I've used similar concepts for other markets listed below) I've carried over some indicators and strategies I've used in past on other style of charts which include: EMA's: 7/13/50/200 True Strength Indicator (TSI): 25/4/4 Stochastics: 25/3/3 Directional Movement Indicator (DMI): 14/14 For the settings of the Renko charts on TV, I'm using: Source: close Style: Traditional Box size: This one varies by market and also by time frame I think that Renko is supposed to be tick based with box size the price movement that happens before a box is rendered but with TV, this has to be emulated with a short time frame. For trading signals and short term bias determination, I used 3 minute chart as recommended by @GcNaif. In addition to the 3 min chart, I use a daily Renko chart for long term bias determination. Some links/strategies you will find suggest a 4 hour chart. One thing that you have to keep in mind is that a box won't be final until the time frame has closed. With a 3 minute period, this means that a block will be final every 3 minutes and that strategies can be based on this frequency. However, on a daily Renko using a 'source' of close won't be final until the close of the day (which in Crude Oil there can be alot of movement within a day). I've found it hard to make trading decisions on some of these markets using 4 hour higher. Some key concepts: short term bias is determined by 50/200 EMA on 3 minute chart. If 50 is above 200, the bias is up. If 50 is below 200, bias is down. If they're at or near each other, move to the daily chart and look at the same to determine the long term bias and use it. TSI above 0 is bullish and consider buying. TSI belwo 0 is bearish and consider selling. Stochastics crosses up over from 20, considered a buy signal soon. Stochastics crosses down over 80, consider a sell signal soon. 7&13 EMA cross over either up or down across price use as either buy or sell based on direction Only make trades in direction of short term bias First strategy I'm exploring: Breakouts using DMI. This is based on the ADX of the DMI dropping below 20 for a period of time causing price to consolidate. AUDUSD Box size: 0.0001 On the current 3 minute AUDUSD chart, you can see a breakout based on ADX at point (A) on this chart. After the selloff, price consolidated again based on ADX and is currently at a state where it may breakout to the downside again (B). Looking at point (B), there are a couple of things I'm looking for as a confirmation based on pointes from above. a) TSI drops below 0. A strategy using TSI is that above 0 is bullish and could be buying with a drop below 0 is bearish and should be selling b) Stochs crosses over above 80 and drops c) 7 & 13 EMA cross over price with bias down SOYBNUSD Box size: 0.01 NGAS Box size: 0.01 Crude Oil Box size: 0.10 Crude Oil looks like it is moving into a period of consolidation on the 3 minute chart but the daily chart's ADX is still strong. This coming week should help resolve the question if the ADX will continue below 20 on the 3 minute chart or if this was just a bounce and price will continue up. The daily time frame is posted above. The 3 minute chart is below: WHEATUSD Box size: 0.01
TVC:USOIL
by mxb1961
6
Price Reversal from KijunI wrote about a such type of signal like price reversal from Tenkan. Today we closer look at situation when price breaks Tenkan and moves lower. We have a possible reversal line which can stop price and it's Kijun (Base Line). When price reaches Kijun and bounces, we have a signal for opening a trade and joining to the main trend. As Ichimoku is a trend indicator, we must have suitable market conditions. DMI is a good indicator showing when we can trade. If ADX is above 20 or 25, we have trend market and it's right time for trading. For confirmation price reversals we use RSI . Setup for opening Long Trades: - price is above the cloud - DMI is above 20-25 and confirms trend market conditions - price reverses from Kijun - RSI confirms price reversal - place a pending order above the high of the signal candle - place a stop order below the low of the signal candle or swing low Setup for opening Short Trades: - price is below the cloud - DMI is above 20-25 and confirms trend market conditions - price reverses from Kijun - RSI confirms price reversal - place a pending order below the low of the signal candle - place a stop order above the high of the signal candle or swing high For closing trades we can use trailing stop or R/R ratio 1:2 or 1:3. Money management: risk for a trade must not be more then 2%.
FX:JPN225
by DLavrov
The Right Time for TradingSimplicity Trading Strategy can produce huge profit, but only when we have suitable market conditions. When we have up or down trend with clear impulse and correction waves. It's very important to use a daily chart as a filter and open trades based on 15M and 1H charts in the same direction as it's on the higher time frame. I prepared an example of market conditions which you have to search for. When a daily chart have such structure - you can trade using Simplicity Trading Strategy. Let's make it clear what do we have here. We have up trend because: MAs rise and MA20 is above MA50. Also ADX is above 20 and confirms trend market conditions. When we have such market, it's the right time for trading. Look at the circles - I marked the situations when price reached MA20 and bounced. MACD histogram confirmed price reversal and it was the perfect time for trading based on 15M and 1H charts. Please note, when price reverses from the support line, it's the best time for joining the price movement on the lower time frames. As for blue lines, when price bounces from MA and moves on a distance, we have to wait for correction and returning to MA. These blue lines show price reversals confirmed by MACD histogram. All long trades have to be closed and you wait for new price reversal from MA. If you have questions, please write in comments.
by DLavrov