Range Setup for 21st March; Things to know before Opening BellMarket Opening: Gap Up;
Overall Structure: Uptrend;
Sentiments: Neutral, Partial Positive;
Market Mood(FGI): 40% Fear, likely to be turned up;
Decision: Buy Above 17400, Sell Below 17260 ;
With a huge gapup, market may fall down to retest at a key level;
Levels:
Markup/Resistance: 17400, 17450, 17600;
Markdown/Support: 17250, 17150, 17000;
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P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
We rigorously tested the strategy and is 88.6% accurate.
**Strategies for knowledge purpose only & are subjected to market risk.
#Verdiction
Strategytesting
Range Setup for 17th March. Things to know before Opening BellMarket Opening: Gap Up
Overall Structure: Uptrend
Sentiments: Neutral, Partial Positive
Market Mood: 20% Fear
Decision:
Buy Above 17100, Sell Below 16850 (If Flat open)
Avoid fresh buy if open with huge gap up, Expiry day can be volatile/sideways.
Levels:::::::::::::::::::::::::::::::::::::::::::
Markup Resistance: 17250, 17400
Markdown Support: 16850, 16650, 16550
--------------------------------------------------
P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
We rigorously tested the strategy and is 88.6% accurate.
**Quotes for knowledge purpose only & Ideas are subjected to market risk.
Range Setup for 16th March: Things to know before Opening BellMarket Opening: Gap Up
Overall Structure: Far to Breakout
Sentiments: Partial Positive
Global Fear & Greed: 18% (Extreme fear)
Decision: Probability of Gapup to downward
Buy Above 16750, Sell Below 16510
Levels:::::::::::::::::::::::::::::::::::::::::::
Markup Resistance: 17900, 17000
Markdown Support: 16350, 16150
--------------------------------------------------
P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
**Quotes for knowledge purpose only & Ideas are subjected to market risk.
Range Setup for 15th March! Things to know before Opening Bell.Market Opening: Gap down
Overall Structure: Downtrend
Sentiments: Partial Positive
Global Fear & Greed: 16% (Extreme fear)
Decision: Probability of Gapdown to upward
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 17050, 17200
Support: 16750, 16650, 16550
--------------------------------------------------
P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
**Quotes for knowledge purpose only & Ideas are subjected to market risk.
Things to know before Opening Bell. Range setup for 14th MarchMarket Opening: Gap down
Overall Structure: Downtrend
Sentiments: Negative continuation
Global Fear & Greed: 14% (Extreme fear)
Decision: No-trading day
Sell below 16450; Buy above 16750
Observed Bullish Pennant/falling wedge, So expecting a bullish rally after sustaining the critical hurdles between the above mentioned levels
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16700, 16800
Support: 16500, 16300
--------------------------------------------------
P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
**Quotes for knowledge purpose only & Ideas are subjected to market risk.
Trade Setup for 11th Mar : Things to know before Opening BellMarket Opening: Gap down
Overall Structure: Downtrend
Sentiments: Negative continuation
Global Fear & Greed: 15% (Extreme fear)
Decision: Probabilities of Trend Reversal
Go for Short Covering, Short Buildup
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16600, 16800
Average range: 16400-16500
Support: 16200, 15900
--------------------------------------------------
P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
**Quotes for knowledge purpose only & Ideas are subjected to market risk.
Things to know before Opening Bell. Range setup for Nifty 10 MarMarket Opening: Gapup or Flat
Overall Structure: Downtrend, Oversold
Sentiments: Partial positive, Short covering
Global Fear & Greed: 16% (Extreme fear)
Decision: Market may be volatile and low momentum
Probability to go up range then Breakdown from mid day market
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16600, 16800
Average range: 16450-16250
Support: 16150, 15950
--------------------------------------------------
P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
**Quotes for knowledge purpose only & Ideas are subjected to market risk.
Nifty 9th MarchMarket Opening: Partial Gapup (for Short covering)
Overall Structure: Downtrend, Oversold
Sentiments: Negative
Global Fear & Greed: 13% (Extreme fear)
Decision: Buy above 16100 towards mentioned resistance
Breakout confirmation(Green candle) Required
Sell Below 15800 towards 15600
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16200, 16400
Average level: 16000-16100
Support: 15900, 15800, 15600
--------------------------------------------------
Identify the trend confirmation.
Game of High Volatility!
*Quotes for knowledge purpose only & Ideas are subjected to market risk.
Nifty 8th MarchMarket Opening: Partial Gapup (Expecting Short-covering or may up to downward)
Overall Structure: Downtrend, Oversold
Sentiments: Negative / Selling Continuation
Global Fear & Greed: 13% (Extreme fear)
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16000, 16300, 16500
Average level: 16000-15700 (Consolidation level)
Support: 15600, 14800
--------------------------------------------------
Identify the trend confirmation.
Game of High Volatility!
*Quotes for knowledge purpose only & Ideas are subjected to market risk.
Nifty 7th MarchMarket Opening: Gapdown (70%)
Overall Structure: Downtrend
Sentiments: Negative (Ignore Fresh Buy)
Global Fear & Greed: 17% (Extreme fear)
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16450, 16700, 16800
Average level: 16300-16400 (maxpain)
Support: 16000, 15900, 14700
--------------------------------------------------
Game of High Volatility!
*Quotes for knowledge purpose only & Ideas are subjected to market risk.
Nifty 4th MarchMarket Opening: Flat *expected (Probability of short covering/breakout)
Overall Structure: Breakdown
Sentiments: Negative
Global Fear & Greed: 23% (Extreme fear)
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 17700, 17800, 17000
Average level: 16600
Support: 16500, 16400
--------------------------------------------------
Game of High Volatility!
*Quotes for knowledge purpose only & Ideas are subjected to market risk.
GOLDTURN AXIS STRATEGY IN ACTION !!This is a follow up from our posts today, to show an example of how we identify and trade a setup using our Exponential moving average and Goldturn Axis levels.
Please like, comment and follow to support us, so we can continue to bring more of our strategies here on this platform.
GoldViewFX
XAUUSD TOP AUTHOR
GOLDVIEW 4HOUR CHART TRADING STRATEGYThis is a very basic setup of our EMA5 4hour gold trading strategy.
- We show how to draw strong S&R LEVELs using EMA5 ON H1
- We then show how to trade these levels using H4 chart
- Money Management is not discussed and is critical in the risk management when we trade this strategy
please like, comment and support our posts. This will allow us to allocate more resources on this platform.
GOLDVIEWFX
IOTA/USD Breaks Above $1IOTA / USD ANALYSIS
The IOTA price is trading bullishly and a breakout above the channel may trigger a rapid increase.
The daily chart reveals that IOTA/USD has now resumed the bullish continuation as the buyers gain control of the market. The 4.67% surge in volatility has leveled up the trading price at around the $0.96 resistance level. The MIOTA price is seen trading above the 9-day and 21-day moving averages.
Can MIOTA Price Keep the Uptrend?
According to the daily chart, the IOTA price has been increasing since July 21 and traders may see more climbs if the coin crosses above the upper boundary of the channel as the bulls are taking control of the market. On the downside, the 21-day moving average at $0.80 could provide support for a possible bearish retracement.
However, if the MIOTA price crosses below the moving averages, the coin may test the $0.72, $0.62, and $0.52 supports. As revealed on the Relative Strength Index (14), the signal line is crossing above 60-level and the current buying pressure is clearly revealed above this level. At the moment, we can say the MIOTA market is following a bullish scenario and the resistance levels are located at $1.20, $1.30, and $1.40.
IOTA/USD Market
Key Levels:
Resistance levels: $1.20, $1.30, $1.40
Support levels: $0.72, $0.62, $0.52
-For more chart analysis on the crypto market follow, and if you agree with this, like and share.
RTY and what I learn from my brotherI have not posted in few weeks and why is because I have working on new strategy. Everything I know of trading I learn from my brother honestly. He is the best trader I know and smartest person I know. He mentors me with trading. Much more in the past than now because I am a much better trader now. But he still helps me. He bankrolled my first trading account with 25000 USD and when I make this back I try and pay him back but he said keep it. Wow! I'm lucky. He is incredible with computers and he is a person that big companies hire to try and break in to their computers system and he finds the holes and weakness. (He got into a bit of teenage trouble for this, but he is very good man, now especially). He is also on tradingview but that is where I will leave it. Then he builds algorhythms that seal up the flaws. I don't pretend to understand. He also codes for trading strategies and I have the advantage of getting them no cost. but I digress. LOL
So I notice that after 6 months that my returns start to fade some. This is despite me not changing anything about my strategy. So I seek my brothers advice. I ask him if this is statistically significant or not. He did some analysis and said yes this is real and significant. When your strategy becomes less profitable the market has adjusted to your strategy and it is time to make some adjustments. He said he would give me the strategy he is using now, but I said nope let me figure this out. So I get to work and I come up with a strategy that uses a moving average, RSI and ADX/DI. No shapes or wedges, support or drawing. I like this.
I played around with my new strategy and use backtester that my brother uses. I find I can win almost 80% of trades with a risk reward of well over 3:!. I go to him and I say this can't be right. So he analyzed it too and came up with similar numbers. He said now for to forward test it for the real test. So over the past few weeks I did this and so did my brother. These are the results.
PuckBunny
total trades 72
wins 55
losses 17
win percentage 76%
reward to risk ratio: 3.53:1
Sortino ratio of 2.03
Brother Puckbunny
total trades 84
wins 69
losses 15
win percentage 82%
Reward to risk: 3.22:1
Sortino ratio 2.41
So of course he always beats me and I ask him how. he said he adjusted my moving average to change to longer or shorter depending on volatility. Thus more trades, more win percentage and more money. He gave me the indicator he built for this and make it dummy (me) proof by showing the sells and buys on chart.
An interesting part of this strategy is that the risk is quite large. In fact, in some trades the risk is 4 times more than potential reward. The thinking is that based on chance alone the price is much more likely to hit target than be stopped out. Add to this a directional bias and you have a winning strategy. the big risk is the opposite of what most of us were teach. However, he has built a safety being that he adjusts the stop in kind of a reverse trailing stop loss, based on how much below entry price is and volatility. So this big risk is rarely realized.
So I have been using this strategy for 1 week and I take 7 trades and win them all. Now this is my first one to post. You can see details on chart.
RTY long 2272 (you can see buy signal on chart)
stop loss 2166 (I know right?)
Let's see how this goes.
USDJPY - Which Direction Would You Go?PLEASE READ BELOW TO SEE MY PREDICTION OF USDJPY!
USDJPY
The RSI shows overbought conditions in the market. When looking left at what previously happened at this point in the market, the market reversed. The previous support level has not been broken to confirm the trend in the opposite direction, but it can still be traded depending on what type of trader you are and you're trading strategy!
** EURAUD ** sell trade currently open, will it hit take profit?Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
Strategy Report
OverviewPerformance SummaryList of TradesExport
$ 3089.95
3.09 %
Net Profit
22
Total Closed Trades
63.64 %
Percent Profitable
2.199
Profit Factor
$ 2016.48
1.99 %
Max Drawdown
$ 140.45
0.14 %
Avg Trade
13
Avg # Bars in Trades
** AUDCAD ** buy trade currently open lets see how plays out Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
Strategy Report
OverviewPerformance SummaryList of TradesExport
$ 3089.95
3.09 %
Net Profit
22
Total Closed Trades
63.64 %
Percent Profitable
2.199
Profit Factor
$ 2016.48
1.99 %
Max Drawdown
$ 140.45
0.14 %
Avg Trade
13
Avg # Bars in Trades
** USDJPY ** sell trade currently open, lets see what happens.Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
** GBPCAD ** trade currently in drawdown lets see how plays out.Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
** EURCAD ** long trade currently open, lets see hows plays out.Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.