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NIKE 1D BULLISH RANGE BREAKOUTRanges are repeatable trading chart pattern. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:NKELong
by Tradingstrategyguides
NZDUSD - Daily - Beginning of a profitable uptrend?Important test for the NZDUSD. After the first touch and rejection of the support (last minimum of 2015) , price is approaching it again. A further rejection may lead to the beginning of a profitable uptrend. Analyzing the RSI, breakout @32 level when the rejection occurred, and now it is retesting this level. A further rejection upwards may be the first signal of inversion of the trend. Besides on the 4H TF there's a divergence: lower low for price - high low on RSI. Entry @0.6276 TP @0.6433 SL @0.6243 R/R 4.9
Long
by c_cap11
GBP/AUD BUY BIAS (RETEST OF 1.81300)My BIAS for GBP/AUD in the upcoming week will be a BUY. My reasons behind this are that we had 1.A previous ascending channel which has been broken and rested with a strong Bullish Engulfing Candle following the retest. 2.We are currently travelling above a recent Supply Zone and also a strong daily resistance which we've also seen act as support at 1.81300. I will be looking to enter this trade upon a retest of our Daily Resistance with targets of 1.82500 (120 Pips) Stops will be around 1.80900 (40 PIPS)
Long
by RhysFX
I will hold my shorts until TPs/SLs hit, or confirmations..Well, there are many indicators that show that we are going to bounce.. - sma200 ema200 on 4h - fear index extreemly low - some other indicators show that we are at the lowest point such as rsi.. - also we didnt have pull back yet (to prepare for next drop if there is going to be any?) - we sliced the cloud downwards on hourly, but now need to test it out again (pull back) *** and more... but all these indicators aren't a must, especially if we are going to see long red weekly dildos, sure small consolidation/pullBack is nice to have, but dont forget that there are also a lot of indicators showing that we can continue going down.. This is why for those who shorted with me, I told to take some profits (15% at-list), and to move SLs to a profit area.. but Im not done shorting, Im still in both positions, and I still believe we are going to meet at-list 2 of my TPs: 10300, 9450, 8450- (from my perspective these are much more probable then going back to 11k+ atm.... but as I said that everything is just probabilities, we cant always catch the edges, and we cant always catch the right direction, thus all who did short so far I would recomand to keep at profit levels and hold positions until either TPs/SL hit or until we have confirmation for drastic market change, those who aren't in position should wait for a better position (I think a closing candle today or weekly should tell direction) - never rush a trade because this is how you lose money.. those who want to try to long this falling knife are welcome but dont risk too much, keep it safe trading.
BITMEX:BTCUSD.PShort
by Hedgehog_king
Plans for the next 15 hours - Still in time for buyingDefining uptrand channel, we should find the first resistence around 9435 EUR (set an alert here). This might be a selling point which i'd give a good 70% of probability. Selling at this point i will have half of my target profit (4% instead of 8%). At this point i will consider raising my stop loss limits and eventually run away with still a good profit for a 5 hours trade. Target remains at 9800 EUR in the next 13 hours. Actual stop loss: Stop - 9190 Limit - 9170 Alerts: 9225 (for possible inversion) 9435 (for a possible take profit) 9800 (target profit) Bought at 9180. In my opinion right now you still have a good profit margin for buying. (around 6%)
Short
by VrinceCrypto
1
How to connect your indicator with the Trade ManagerHi everyone On Today's tutorial, I wanted to highlight how you can upgrade your own indicator to work with the Trade Manager Let's take the dummy example of the double MM cross Step 1 - Update your indicator Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!) So it should look to something similar macrossover = crossover(MA1, MA2) macrossunder = crossunder(MA1, MA2) What you will need to add at the very end of your script is a Signal plot that will be captured by the Trade Manager. This will give us : // Signal plot to be used as external // if crossover, sends 1, otherwise sends -1 Signal = macrossover ? 1 : macrossunder ? -1 : na plot(Signal, title="Signal") The Trade Manager engines expects to receive 1 for a bullishg signal and -1 for bearish . Step 2 - Add the Trade Manager to your chart and select the right Data Source I feel the questions coming so I prefer to anticipate :) When you add the Trade Manager to your chart, nothing will be displayed. THIS IS NORMAL because you'll have to select the Data Source to be "Signal" Remember our Signal variable from the Two MM Cross from before, now we'll capture it and.....drumb rolll...... that's from that moment that your life became even more AWESOME The Engine will capture the last signal from the MM cross or any indicator actually and will update the Stop Loss, Take Profit levels based on the parameters you set on the Trade Manager I worked the whole weekend on it because I wanted to challenge myself and give you something that I will certainly use in my own trading Please send me some feedback or questions if any Enjoy Dave
BITSTAMP:BTCUSDEducation
by Daveatt
19
EURUSD 15M PIVOT POINT DAY TRADING STRATEGYSetup chart with - Volume, Pivot standard, Sessions on chart. Step #1: Trade only at the London open or the 8:00 AM GMT. Note* We’re going to use the 15-minutes time frame and trade based off of the daily pivot points. Step #2: Buy at the market if after the first 15-Minutes we’re trading above the Central Pivot Point. Important Note * If after the first 15-minutes into the London session we’re too close to the first support level we better skip this trade opportunity because the profit margin has tightened. Step #3: Hide your Protective Stop Loss 5-10 pips below the Central Pivot. Step #4: Take Partial Profit #1 at Support 1; Take Partial Profit #2 at Support 2 or let 2nd TP run. Step 5 As price hits R2 move SL to PP. As price hits each R level adjust SL to past R level. Note** the above was an example of a BUY trade using the best pivot point strategy PDF. Use the same rules for a SELL trade – but in reverse.
Long
by Tradingstrategyguides
2
BEST 15M TRADE STRATEGY USING MOST CURRENT PROGRAMED INDICATORS THIS SHORT TERM TRADING STRATEGY IS USING THE MOST CURRENT PROGRAMED INDICATORS TODAY IN THE MARKET. Trade pairs with no news that trading session. Trade daily trend of either the current 4H or Day chart (MACD/SIGNAL LINES, 5/10EMA LINES SHOW DIRECTION). US session - trade anytime after CLOSE of 1st 15m bar as NYSE opens - 9:30 am ET. Asian session - trade anytime after CLOSE of 1st 15m bar as JPY opens - 8 pm ET. UK session - Trade anytime after CLOSE of 1st 15m bar as GBP opens - 3 am ET. Add Kijun-Sen indicator - The Kijun-sen also means "base line" and is the mid-point of the 26-period high and low. When the price is above Kijun-sen then short- to medium-term price momentum is up (price below momentum is down). This indicator determines trade directional bias. Add volume indicator - check volume MA box: shows you the average atr value line (choose whatever color). Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. We look for the volume bar to have reached the volume ma line to trade 100% position size or at least reach. 75% to the volume ma line to trade 1/2 position size. Do not trade if these rules are not met. (Reset setup). Add %R indicator - Period 10, levels -20/-80, add -50 level, your own line color preference. Williams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. We look for oversold condition below -80 level to confirm short entry or over bought condition above the -20 level to confirm long entry. This is contrary to past training but this works best on smaller time frames for the %R indicator. Add Macd - faster settings of 12 - 17 - 9, Histogram only, make all bars red & green, uncheck macd & signal lines. We look for histogram bars to be moving towards the zero line or a cross over of the zero line to confirm entry. Trade Management: trade anytime after trading session candle CLOSED. 1 - Position size (compare volume bar to volume ma line). a - Candle must have reached the average volume line 100% for a full position size. b - If 75% of average volume line then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 5 pips above Kijun-Sen+ line. 4 - 1st trade TP will be 12 pips or 1 x ATR of pair. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price or exit if price stalls. EURAUD 15m Short Trade - 1st 15m candle close of NYSE open. 1 - Price below Kijun-Sen+ base line so bearish bias. 2 - Volume bar at ATR average line so price has momentum - trade 100% position size. 3 - %R oversold below -20 level confirms entry. 4 - Macd with red bar below 0 line confirms entry. 5 - 1st TP hit - 2nd trade SL moved to breakeven. 6 - As price continued to fall 2nd trade SL followed highs of previous candle to current price candle. 7 - Either SL was hit or exited trade because price candles stalled sideways.
Short
by Tradingstrategyguides
7
Second TP @1,320 for GOLD Good Morning, Over a week ago, I posted a long position on Gold @,1275, showing a nine month trend and decided to take the risk. Half positions were to be closed @1,300 which occurred on Friday, May 31st 2019. Here is an update on where to close the remaining positions. In this chart, the Fib. retracement of 78.60% and the wave movement of the flag pole both indicate a target @ 1,320 and I shall be satisfied with all my profits. Never be greedy!
FX:XAUUSDLong
by Nixxflixx
EUR/CAD Kobane Trading Plan 5/27/19 Tyree Thomas Jr Kobane Trading Plan 5/27/19 Tyree Thomas Jr EUR/CAD mark up for the week and check back because I may update my mark up later in the week. The alert is set at the 38.2 level on the Fibonacci retracement tool, that level can also serve as a notice to manage your risk and move your trade into to stop profit. The support and resistance lines serve as technical indicators and they are the 786 level on the Fibonacci retracement tool. The alert can also serve as a the take profit instead of waiting for the market to hit the take profit that is posted. With all of my trades, the first trade entry is set at a 1 to 1 ratio, and the second trade entry is set at a 2 to 1 ratio. I forgot to mention this on the other mark ups that I published.
by Tyreejr
WHAT IS AN ATR RISK REWARD MANAGEMENT PLANWHAT IS AN ATR RISK REWARD MANAGEMENT PLAN 1- Maximum per trade risk = 2% use a position size calculator 2- Stop Loss = ATR x 1.5 3- 1st TP = ATR x 1 4- Use two positions - each 1/2 total of trade risk (1%) 5- Both positions use hard SL - ATR x 1.5 6- 1st position uses hard TP - ATR x 1 7- 2nd position uses a trailing stop for TP 8- After 1st TP hits move 2nd trade SL to break even 9- Follow stops on 2nd position as it runs 10- Don't double leverage a currency (buy Ca/J and sell U/Ca don't double up) 11- 1st TP hit but price drops: use Heiken Ashi changes color exit 12- Price does not hit 1st TP and drops: if my entry strategy changes direction then close trade to not hit hard SL 13- Shut down trade before hugh news events
Short
by Tradingstrategyguides