BTCUSD Buy signal on Daily RenkochartUpside momentum MACD is increasing and Higher Low on 1H Renko chart.
System
Dow, S&P 500, Nasdaq and Bitcoin comparrison In the unlikely event that the legacy markets crash lol and the world becomes awakened to the truth about central banks and the control they have over the world, this chart seems to be one way to expect things could go in this digital world we live in. Kinda weird that crypto is at the bottom as legacies are overvalued & teetering with fear as the driving sentiment. Just my 2 satoshis
Possible short Position GBP/JPY!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will be rejected at @145.500 level and move towards the first Target 1 level @ 144.500 level.
FX:GBPJPY
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @144.500
Risk/Reward @ 2:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
The indicator entered us short BTC/USD, where do we get out?The daily short setup the indicator gave us in our last Bitcoin idea triggered a short trade which we are still in (3). It’s the first trade the indicator entered us in since the end of August on bitcoin. The trade setups (1) and (2) missed the trigger level by just a tick. You may have been triggered here, in that case you took two small losses of less than 2%, which is reasonable :)
Now let’s look at managing this short trade: finding areas of interest and looking for the indicator signals at those levels.
First of all, the indicator hasn't shown any exhaustion signals, so we should be still good on momentum to the downside.
However, we've dropped violently and are reaching a support zone which I’ve talked about before (4). It’s the area between 5000 and 4500, taken from the untested high of September last year.
What we look for are exhaustion signals in or around that area, and reversal candles. According to the strategy we tighten the stop loss when we see those. The indicator still shows the technical stop loss at (5), but as the move down was quite violent, and the candles being quite overextended it’s smart to move the stop down to either swing high (6) or if you;re even more cautious to the middle of todays big candle (7). Remember, you can always re-enter a position, managing the risk is more important than exiting at the absolute maximum profit.
The indicator plotted a new short setup (8) which was triggered today. It’s not a trade I took, as I was in short already, but it is a signal, which definitely could have been taken. The stop loss for that entry is at the prior swing high (6).
From here a number of things can happen, and although there are differences in probabilities, we have to keep in mind that markets are inherently unpredictable . The mindset of a trader should not be having a scenario or prediction of what may happen, and hoping that that scenario will come true (or holding on to that prediction for dear life...). Rather, you should want be mindful of the different scenarios, and have a game plan for all of them. Every new candle gives you new information to base your decision on, use it!
In this case we have an area which we suspect the market should reach. But again, anything can happen so here’s the plan:
If we go down the the support level (4), we wait for the indicator to signal overextension and look for reversal candles to lower the stop loss to the top of the candle (as per the strategy).
Then we re-evaluate and wait for the market and indicator to show us a new trade.
If the market reaches (4) but crashes through, we’ll still be in the short. We’ll move the stop loss down according to the levels the indicator plots. And perhaps we will get a re-entry signal on the way down to reinforce the position.
If the markets decides to reverse from here we have our stop loss at either (6) or (7). We’ll be stopped out, and re-evaluate, waiting for the indicator to show us new trade opportunities.
If we move sideways, same thing: we either get stopped out and re-evaluate, or we remain in our short until the market hits our stop loss or moves down to the support area.
We have our plan set out, so now it’s the market turn to make it’s move…
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If you want to try our indicator out, follow us and drop a comment or pm and we’ll get you set up.
More information on our indicator can be found below:
Stay calm, and happy trading!
Back Testing - Evaluating your Trading Strategy 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Back Testing - Evaluating your Trading Strategy 101
Backtesting of technical methods in light of past prices is the most popular testing strategy among technical traders.Below is a short list that will get you started;
1. How many trades does it generate?
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2. Whats the reliability of the system?
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3. How big is the average profit compared to the average loss?
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4. Many more..............
#Remember that you need enough data to create at least 30 trades in each test #
Please let me know if you would like to know more :)
Happy Trading
"success occurs when opportunity meets preparation" Zig Ziglar
BCH trading plan continues - Waiting for the indicator signalsHi Traders,
Continuing our BCASH trade from a few posts ago. We exited at the red lines,as the indicator overextension signal and stop loss told us. With some nice profit of 45% from the exit off the overextension signal, and 40% at the trailing stop level. This gives some nice room for the next trade on BCH.
We discovered bearish divergence as price moves up (1) and momentum slightly downwards, but definitely not up (2). This divergence really only becomes apparent at (3) when price break through the stop loss and see that the previous high was divergent. This does not help us getting out, but that’s ok, we have other metrics for that. It does however tell us that on this chart, the trend may have ended, and that the following long setup probably won’t get triggered. What we do is keep the breakout level of the setup at the highest level that it plots (and don’t move it down as the indicator plots a lower trend breakout level).This is so you ensure not getting faked into the trade and the trend fails to develop.
The divergence also tells us that the the bearish setup will have momentum on its side. We look to enter short, but we need to get a setup, and an entry trigger from the indicator!
Daily
The daily hasn’t signalled a long setup yet, which I expected the indicator to do.. it will probably come in the next few candles though.
So we have a similar game plan we have with XRP: we took the 4HR trend into a daily trend setup. We now wait for either a daily long setup and that setup to be triggered. Or we get a 4HR short setup which gets triggered. Either way the market moves, we’re in it, ready to profit.. And to be honest, I could not care less which way it moves :)
If you want to try our indicator out, follow us and drop a comment and we’ll get you set up.
Like and subscribe if you enjoy our work!
Stay calm, and happy trading!
Awaiting Re-entry signal on XRP/USDWe exited our previous XRP trade yesterday with a 18% profit, now we're looking to re-enter long on a re-entry signal (if it comes..).
The previous trade was entered from a 4HR setup and break of the trend breakout level (1), and exited off a weak overextension signal (2) and the following candle's forming hammer off resistance.
Looking for a re-entry signal to re-enter the 4HR trend, ideally around (3) which is around the daily kumo. If we get the signal (just like at (5)), we place a conditional entry order just above that candle (or the candle before that, depending on price action). The blue line at (6) is the re-entry level.
First target resistance is the same resistance as last trade at (4).
Daily
Daily chart is on a kumo breakout, but no trend setup yet. If we get a rejection from the daily kumo we will most likely get a clean re-entry signal on the 4 HR
That's the plan, set alerts, and close the charts :)
To get access to the indicator and try it out, please go here:
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Stay calm, and happy trading!
ZenTrader
Combining Fibonacci with TDIUsing triple charts, TDI' Complementary Overlay, TDI' PRO and a basic entry rule we can make profitable trades possible.
Based on the condition of using an account with just under $5,000 trading account capital, with 1:500 leverage, with a deposit margin of ~$80, a single trade with lot size of 0.35
~ $310 Profit, 1 trade in one day
Third Chart use example
EURCHF DOWNTREND CONTINUATIONTrading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone.
EURCHF
Technical Outlook
To open SHORT positions for EURCHF, it is required:
In this situation our system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed 75 pips will be up for grab with small risk SL at swing high.
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
GBPAUD CTR Trade ActiveTrading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone.
GBPAUD H1 & H4
Technical Outlook
TRADE ACTIVE
Counter trend trade as this pair has hit support at swing low, we are looking to capture a 100pip corrective wave before we enter another position to short this pair.
Risk Description: Once signal is confirmed 175 pips will be up for grab with small risk SL at swing low.
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
EURUSD Potential corrective waveTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. In this situation we are now waiting for Awesome Osci to go into negative territory for trade entry confirmation for movement to the downside and trend filter to read a bearish value. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 268 pips will be up for grab with small risk SL at swing high.
Profit expectations: 15 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
EURHKD RANGING TRADE SETUPTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. In this situation we are now waiting for Awesome Osci to go into negative territory for trade entry confirmation for movement to the downside. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 2000pips will be up for grab with small risk SL at swing high.
Profit expectations: 12 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
EURCAD Bears in controlTrading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair.
EURCAD H4
Technical Outlook
To open short positions for EURCAD, it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into NEGATIVE territory alongside of our other system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry.
Notes: Moderate downtrend has been established on this pair. Top of the watch list for 12/11/2017-12/20/2017.
Risk Description: Once signal is confirmed 202 pips will be up for grab with small risk SL at swing high.
Profit expectations: 2-3 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 1.52170
Swing Low: 1.50130
USDJPY D1 Trend ContinuationTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones.
USDJPY
Technical Outlook
To open long positions for USDJPY , it is required:
In this situation we are now waiting for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend begins to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. The market enviroment is currently in a bullish trend but we will monitor the activity of our positive readings until signal is in the appropriate conditions.
Risk Description: Once signal is confirmed 280 pips will be up for grab with small risk SL at swing low.
Profit expectations: 14 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 115.00
Swing Low: 110.89
A Checklist Rating System For TradingI have developed a trading system for myself that lets me know if a buy is good, or average so I can manage my risk. I have ranked what I believe to be the most important technical indicators
in addition to signals form the Ichimoku Cloud. A top score would be if it adds up to 35 - 46. You can play around with changing some of the numbers if the validity doesn't seem to add up for a trade.
See link below. Message me if you'd like to have the spreadsheet that will autofill and tell you if it's a high or low scoring buy according to these indicators. See link below for image.
tdmss.com
A Checklist Rating System For TradingI have developed a trading system for myself that lets me know if a buy is good, or average so I can manage my risk. I have ranked what I believe to be the most important technical indicators
in addition to signals form the Ichimoku Cloud. A top score would be if it adds up to 35 - 46. You can play around with changing some of the numbers if the validity doesn't seem to add up for a trade.
See link below. Message me if you'd like to have the spreadsheet that will autofill and tell you if it's a high or low scoring buy according to these indicators.
tdmss.com
CAC40 Bull PowerTrading method: RS ADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years. In this situation we are now waiting for Awesome Osci to go into positive territory for trade entry confirmation to resume this bullish bias. Market execution for entry, confirmation will be required for entry.
Risk Description: low risk trend continuation setup to continue this bullish movement.
Profit expectations: 18 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
AUDUSD sell signal from autosystemGot a sell signal from semiauto system.
Position marked on the chart.
Best of luck :-)
My daily entry strategyI just wanted to hear what you think about this strategy and what you can give me as tips or tweaks to perfect it.
A system I have used to get pips every day.
This chart is just an example, but this is all trades I would have taken if I saw them. I will now tell you about the strategy:
After candle close on the 1D chart I am looking to see what the last candle did, for me to enter the trade, the candle would have crossed the MA.
If it is a bullish candle crossing the MA, I go long. And if it's bearish I go short.
But obviously I would also consider where on the chart it is.
Was it near a key level? Near a bollinger band? Is price in consolidation? Everything to consider, but the most important part is the MA price cross.
Things that strengthen the entry:
1. MA and EMA price cross and close (in this order)
2. Key level and MA price cross and close
3. If price have recently been near or outside the billinger band.
4. If price have recently been near a key level.
5. When price is trending
After entry I usually hold for one day before I manually close the trade, unless it's clearly trending, then I can use these "signals" to add positions or move stop losses.
So this strategy is a big "NO NO" when you look at the risk to reward ratio, due to my stop loss is at the wick or opening price of the candle, and you never know how many pips you can get out of the next candle.
But as you see on the chart, this is all entries that I would have considered taken, just 6 out of 22 entries would have ended in loss.
It has worked well for me this far, but how can I perfect it?
The settings I use is as follows:
MA - 5,1
EMA - 20
Bollinger band - 30,2,2
