Get started

Tradingstrategy

The key is whether M-Signal can maintain its alignmentHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (Renko 1D chart) Among altcoins, the number of coins showing upward movement as above is increasing. In order for a block to be completed, it must rise by more than a block unit. In the chart above, the rising block is completed only if it rises by more than 5.2. Otherwise, if it falls below 4.8, the rising block disappears. In this way, the Renko chart can be said to be a suitable chart for checking trends. - (SOLUSDT Renko 1D chart) ------------------------------------------- (SOLUSDT 1M chart) (1W chart) (1D chart) If you look at the 1M, 1W, and 1D charts above, you can see that the 147.74, 168.41, and 179.89 points are important. Therefore, if it fails to rise above 168.41, it is important to find support near 147.74. - Due to this rise, it seems that the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart has changed. Therefore, this time, it is important to see whether it can be supported near 147.74 and rise above 179.89. - Accordingly, it is a buying period depending on whether it is supported near 147.74, 168.41, and 179.89. The stop loss point is the HA-Low indicator. The current HA-Low indicator points are 1M: Not yet created 1W: 13.81 1D: 148.28 as above. Since the HA-High and HA-Low indicators are created according to price fluctuations, it is recommended to check the 1M, 1W, and 1D charts together. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The key is whether it can be supported and rise near 0.6013Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (XRPUSDT 1D chart) XRP is moving sideways, but I think it is rising along a long-term rising channel. Accordingly, the key is whether it can be supported near 0.6013 and rise above the long-term rising trend line -1. - If it falls below 0.6013, it is important whether it can be supported and rise near the M-Signal indicator on the 1D chart. If not, you should check whether it is supported near 0.5682. If that happens, when the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart, I think it is highly likely that a full-scale uptrend will begin as it breaks through the long-term rising channel upward. - If it fails to rise and falls below the M-Signal indicators of the 1W and 1M charts, it is expected to fall near the HA-Low indicator (currently 0.5083) of the 1D chart. - If it rises above the long-term rising trend line-1, 1st: 0.5 (0.7144) 2nd: 0.618 (0.8121) The 1st and 2nd areas above correspond to the support and resistance areas. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Point to break out of short-term downtrend channel (2851.75) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The key is whether the price can rise above 2851.75 to break out of the short-term downtrend channel. - Currently, it has risen above the M-Signal indicator on the 1M chart. Therefore, from a long-term perspective, it is possible that the uptrend will continue. However, in order for a full-scale uptrend to begin, the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart must be in that state. Therefore, we need to see if it can maintain the price by rising above the M-Signal indicator on the 1W chart after the volatility period around September 8th. - Since the StochRSI indicator is currently in the overbought zone, it is important at what point it finds support when the StochRSI indicator falls from the overbought zone and becomes StochRSI < StochRSI EMA. Therefore, if it fails to rise above 2851.75 and falls, it is important to see if it can find support around 2621.99-2700.43. If it finds support around 2621.99-2700.43 and switches to the state of StochRSI > StochRSI EMA, it is expected to lead to an attempt to rise above 2851.75. - If the M-Signal indicator of the 1W chart rises above, the HA-High indicator (3265.00) of the 1W chart and the HA-High indicator (3321.30) of the 1M chart are likely to be the first resistance zones. - The volatility period on the BTCUSDT chart is around September 13. However, the volatility period on the ETHUSDT chart is expected to start around September 8. Therefore, the key is whether it can escape the short-term downtrend channel after September 8. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
First support and resistance zone: 63118.62-64000.0Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) It is showing an upward trend along an important rising channel. However, since the HA-High indicator point on the 1W chart is 65920.71, it is possible that the upward trend will start if it receives support near this point. Therefore, the area around 63118.62-64000.0 corresponds to the first support and resistance zone in this rise. - (BTCUSDT 1D chart) The 61099.25 point is the HA-High indicator point of the 1M chart. Therefore, if the price is maintained above 61099.25, it can be interpreted that a full-scale uptrend has begun in the long term. A full-scale uptrend is because the HA-High indicator makes a stepwise rise. However, since the price must be maintained above the HA-High indicator of the 1W chart and the HA-High indicator of the 1D chart for an actual full-scale uptrend to occur, it must eventually rise above 67614.25 and maintain the price. - The important volatility period is around September 13. It is expected that a mid- to long-term trend will be formed after passing this volatility period. Therefore, it is important to see in which direction it deviates from the 61099.25-70195.94 section after passing the volatility period. ------------------------------------------------------------ I think that as long as USDT continues to rise, the coin market is likely to continue to rise. However, short-term fluctuations may occur depending on the flow of USDC. If USDT and USDC gapped up, I think it means that funds have flowed into the coin market. On the other hand, if they gapped down, it means that funds have flowed out of the coin market. Therefore, the most important thing to look at is the movement of USDT. - Have a good time. Thank you. --------------------------------------------------
by readCrypto
Why we always widen our stop loss when DAY TRADINGVery important and basic rule with Day Trading. Always increase the stop loss when going short (sell) above the original stop loss. Always decrease the stop loss when going long (buying) below the original set stop loss. Reason: When the index touches the ASK or BID price (regardless of it actually trading there), it will get you out of your trade and hit your stop loss. So, don’t be afraid to increase the distance between the entry and stop loss. As long as the Risk to Reward stays above 1:1.5 – It’s fine. How much do I increase the distance between the entry and the stop loss? Notice what the spread is on the contract when you place your stop loss. So wherever you wanted to put your stop loss originally, add the spread on top of that and that is where you would place your NEW stop loss. Maybe 20 – 30 points is safe. But other times it could be up to 50 points
JSE:J200Education
by Timonrosso
To turn into an uptrend...Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The key is whether it can receive support in the 59053.55-61099.25 range and rise above the M-Signal indicator on the 1W chart. In order to turn into an uptrend, it must rise above the M-Signal indicator on the 1D chart at least. Therefore, whether or not there is support near 61099.25 is an important point for turning into an uptrend. - Have a good time. Thank you. --------------------------------------------------
by readCrypto
Important section: 2531.05 ~ 0.382 (2647.88)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The key is whether the M-Signal indicator on the 1M chart can rise above and maintain the price. To do so, we need to check whether it can rise along the rising trend line during the volatility period starting around the week of August 19. If not, and it falls below 2531.05, there is a possibility that it will fall again to around 2159.0, so we need to think about a countermeasure for this. - Currently, the StochRSI indicator has entered the oversold zone and is maintaining the status of StochRSI < StochRSI EMA. Therefore, it is important to see if it can be supported around the 2531.05 ~ 0.382 (2647.88) section. Therefore, it is recommended to proceed with a purchase when the StochRSI indicator is out of the oversold section and StochRSI > StochRSI EMA. However, since the current chart is a 1W chart, it is possible that it has shown a lot of increase when the above situation occurs. Therefore, you should check whether there is support in the section (2531.05 ~ 0.382 (2647.88)) and see if you can proceed with a split purchase. - If you compare the current flow with the past flow, it seems to be showing a movement corresponding to around May 9, 2022. However, the current situation is a bit different from that time. When it was around May 9, 2022, there was a decline in USDT, but currently, USDT is showing an increase. Therefore, I think it is showing a different flow than before in that it is time to find a time to buy even if it falls further than the current price, not a time to find a time to cut losses. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Need to check support near 57754.37-57937.19Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (USDT 1D chart) USDT is maintaining a gap uptrend. What is unusual is that the upper tail is long. I think the size of the candle is formed due to trading. Therefore, we can see that there are currently many transactions. - (USDC 1D chart) It rose near the important volume profile area of ​​32.435B and is currently moving sideways near 26.153B. This suggests that USDC is very likely to turn upward. I think that the gap increase of USDT or USDC is a sign of inflow of funds, so if the gap increase continues, I think it is a buying period and I should think about a response plan. - (BTC.D 1M chart) (USDT 1M chart) Money is flowing into the coin market, but it is still not a good trend for actual trading. To trade altcoins, it is recommended to proceed when BTC.D shows a downward trend. However, the USDT.D chart must show a downward trend. --------------------------------------------------------- According to the Renko chart, it needs to fall below 56K to continue the downward trend. It needs to rise above 59500 to turn into an upward trend. ---------------------------------------- (BTCUSDT 1M chart) The area around 56K corresponds to the 2nd section when viewed from the 1M chart. Therefore, if it falls below 56K, I think it is highly likely to turn into a downtrend in the long term. However, since the MS-Signal (M-Signal on the 1M chart) indicator is passing through the 0.707 (48064.07) ~ 0.786 (51606.42) section, it is expected to act as the 1st support section. The strongest support section is 42K-43K. - What we should pay attention to is the location of the StochRSI indicator. You can see that the price range is different when you touch the M-Signal on the 1M chart in 2022 and when you touch the M-Signal on the current 1M chart. That much shows that the current trend is maintaining an upward trend. Therefore, a trading strategy for an upward trend is needed in the long term. You should also check if there is a lot of trading volume, like the candles that indicate a buy zone, but I think it is more important to purchase while maintaining the proportion of cash held compared to your investment funds. From a spot trading perspective, the current movement, that is, when it shows a downward trend, can be said to be a good time to seize the opportunity. The StochRSI indicator is showing signs of entering the oversold zone. Therefore, when the StochRSI indicator leaves the oversold zone and becomes StochRSI > StochRSI EMA, there is a high possibility that a long-term uptrend will begin. However, since it is a 1M chart, it will have already risen a lot when the above phenomenon occurs. --------------------------------------------- (1W chart) Currently, the StochRSI indicator is showing a downward high wave. This means that the upward strength is weak. Therefore, we can see that the downward strength is strong. Therefore, the important key is whether it can rise along the important upward channel. We can see that the area around 56K is an important support and resistance zone. - The important thing is that a full-fledged trend is expected to form around the week including September 16th. Based on the current movement, it seems likely that the trend at that time will be a downward trend, but based on the flow of funds, it is likely that it will show an upward trend. Therefore, we need to think about how to proceed with buying whenever the price falls. ----------------------------------------------------- (1D chart) To do that, you need to find a way to increase your holding ratio while appropriately performing buys and sells. For this, you can also use the StochRSI indicator. - It re-entered the short-term downtrend channel as it fell below 59053.55. Therefore, the possibility of further decline is increasing. However, it is likely to show volatility after August 18. At this time, the key is whether it rises along the mid- to long-term rising channel. If it fails to rise along the mid- to long-term rising channel even after August 18, it is likely to touch the 49676.20-52137.67 area again. - If it shows support near the HA-Low indicator point (57754.37-57937.19) of the current 1D chart, it is time to proceed with a purchase. Based on the current flow, it seems difficult to actually purchase, but I think you can proceed with the transaction depending on your average purchase price or cash holding ratio. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Trade Setup: FTM Long PositionMarket Context: Despite some altcoins being at short-term resistance levels, the overall altcoin market is oversold on higher time frames. A potential small pullback could present an opportunity to take long trades to the next resistance levels. Trade Parameters: Entry: Buy in the range of $0.30 to $0.3060. Take Profit: First target: $0.38 - $0.4233 Second target: $0.53 - $0.60 Stop Loss: Set just below $0.2850. Additional Notes: Monitor the market for signs of a small pullback to confirm the entry zone. Adjust your strategy if market conditions change or if significant bearish news impacts the price. Ensure to manage risk effectively, especially given the oversold conditions. #FTM #TradingStrategy #CryptoTrading 🎯
Long
by Richtv_official
SOL maintaining an upward trendHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) Due to this change, the HA-High indicator on the 1M chart is showing signs of moving to the 147.74 point. Accordingly, we need to check if it can receive support and rise around 0.707 (135.56) ~ 0.786 (149.62). - (1W chart) We need to check if it can continue the upward trend along the upward trend line. If not, 1st: 0.5 (98.71) ~ 0.618 (119.71) 2nd: 0.236 (51.71) ~ 0.382 (77.70) You need to check the support near the 1st and 2nd above. - (1D chart) Unlike most other coins, it is one of the coins that is maintaining an upward trend. Accordingly, if SOL is supported in this large downtrend, it is expected to create a new large upward wave. - A new buy zone is possible when support is confirmed near 134.96-147.74. If it rises, the 168.41-179.89 zone will be the first sell zone. Therefore, it is highly likely that a full-scale uptrend will begin when the price rises above 179.89 and holds. The stop loss point is 112.24. Since the stop loss point is far away, investment weight adjustment is necessary. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Next Volatility Period: Around August 14th - 18thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M Chart) You can see that the 2531.05 ~ 0.382 (2647.80) section is an important section. If it falls in this section, it is likely to turn into a downtrend in the long term, so be careful when trading. - (1W chart) If it falls in the 2531.05 ~ 0.382 (2647.80) range, it is likely to eventually touch the HA-Low indicator on the 1W chart. Therefore, as the price falls, we need to check at what point the HA-Low indicator is generated. If not, it is expected to fall to around 1340.12, where the HA-Low indicator is currently located. However, we need to check for support near the 2159.00 point (the bottom point of the HA-High indicator box on the 1M chart) and the 1783.0 point (the top point of the HA-Low indicator box on the 1W chart). If it rises, it is likely to face resistance near 3265.0-3321.30, so we need to check for support. - (1D chart) It is a medium-term rising channel, that is, it has entered a short-term falling channel while falling from the rising trend line (1) ~ (2) section. This short-term falling channel is a channel made up of high-point trend lines. Therefore, if it falls from this channel, it is thought that it is likely to record another large decline. That is why the key is whether there is support near the 1783.0-2159.0 section. - When making new purchases, it is recommended to check whether there is support near the HA-Low indicator on the 1D chart if possible. Currently, the HA-Low indicator is formed at the 3079.59 point. However, since there is a high possibility that a new HA-Low indicator will be created depending on price fluctuations, I think it is better to wait for it to be created at some point. - The time to buy is when StochRSI > StochRSI EMA and the StochRSI indicator is out of the oversold zone, and you can proceed by checking whether there is support at the support and resistance points. Currently, I think it is most likely to check whether there is support above the 2531.05 ~ 0.382 (2647.80) range. If it falls, 1st: 2159.0 2nd: 1783.0 You should check whether there is support near the 1st and 2nd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Trade Setup: ONDO Long PositionMarket Context: ONDO has historically performed well with the backing of BlackRock in the RWA space. Recent price decline opens a potentially great buying opportunity for the long term. Buyers are defending the current price, but further weakness could see a retest of range low support. Trade Parameters: Entry: Buy in the range of $0.44 to $0.56, ideally observing for a sweep of the lows and a reclaim for higher conviction. Take Profit: First target: $0.73 Second target: $0.99 Third target: $1.49 Stop Loss: Set at a daily close under $0.38. Additional Notes: Monitor for signs of bullish volatility to confirm the entry zone. Look for clearing of long liquidity and higher conviction on a retest of the lows. Adjust your strategy if market conditions change or if significant bearish news impacts the price. #ONDO #TradingStrategy #CryptoTrading 🎯
Long
by Richtv_official
5 Strategies for Traders in 20245 Strategies for Traders in 2024 Trading strategies are essential tools for navigating financial markets. They provide a structured approach to trading decisions, leveraging technical indicators and patterns to identify opportunities. This article explores various potentially effective trading strategies, offering insights into how traders can apply them to improve their performance and achieve their trading goals. Understanding Different Types of Trading Strategies Trading strategies are essential for traders aiming to navigate the financial markets with precision and discipline. These strategies provide a structured approach for varying trading styles, helping traders make informed decisions based on specific criteria and market conditions. Here are some key types of trading strategies: - Trend Following: Traders aim to identify and get involved in trends, exploiting the trending nature of markets. Common indicators include moving averages and trendlines. - Mean Reversion: Based on the idea that prices will revert to their mean or average level over time. Traders use indicators like Bollinger Bands and RSI to identify overbought or oversold conditions. - Momentum: Focuses on assets that are moving strongly in one direction with high volume. Momentum traders use indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI). - Breakout: Involves entering positions when the price breaks through a predefined level of support or resistance. Breakouts can be confirmed using volume data. - Scalping: Aims to take advantage of small price changes over short periods. Scalpers typically rely on technical indicators like order flow data. Types of Indicators and Patterns Used in Traders’ Strategies In trading, various indicators and patterns are utilised to analyse market conditions and identify potential trading opportunities. These tools can be broadly categorised into several groups, each serving a specific purpose across different trading strategies. 1. Trend Indicators Trend indicators offer a way for traders to identify a trend’s direction and strength. Some popular trend indicators include: - Moving Averages (Simple, Exponential) - Moving Average Convergence Divergence (MACD) - Average Directional Index (ADX) - Parabolic SAR 2. Momentum Indicators Momentum indicators measure the speed or strength of price movements. They are crucial for identifying overbought or oversold conditions. Common momentum indicators include: - Relative Strength Index (RSI) - Stochastic Oscillator - Rate of Change (ROC) - Commodity Channel Index (CCI) 3. Volatility Indicators Volatility indicators gauge the degree of price variation over time, providing insights into market turbulence. Key volatility indicators are: - Bollinger Bands - Average True Range (ATR) - Keltner Channels - Standard Deviation 4. Volume Indicators Volume indicators analyse the trading volume to confirm the strength of a price movement or trend. Notable volume indicators include: - On-Balance Volume (OBV) - Chaikin Money Flow (CMF) - Volume Weighted Average Price (VWAP) - Accumulation/Distribution Line 5. Reversal Patterns Reversal patterns signal potential changes in market direction, allowing traders to anticipate trend reversals. Some reversal patterns are: - Sushi Roll Reversal - Megaphone - Diamond - Three Drives 6. Continuation Patterns Continuation patterns help traders understand whether a current trend is likely to continue. Popular continuation patterns include: - Flags and Pennants - Cup and Handle/Inverted Cup and Handle - Rectangles - Wedges 7. Candlestick Patterns Candlestick patterns are formed by one or more candlesticks on a chart and provide insights into market sentiment. Some candlestick patterns are: - Hook Reversal - Kicker - Belt Hold - Island Reversal These indicators and patterns form the foundation of many top trading strategies, enabling traders to analyse market behaviour and make entry decisions. Below, we’ll use some of these indicators and patterns in several different trading strategies. Five Strategies for Traders Now, let’s examine five trading strategies that may work if you modify them in accordance with your trading plan and common trading rules. While we’ve used the EUR/USD pair to demonstrate the examples, they can also be applied as commodity, crypto*, and stock market trading strategies. Head over to FXOpen’s free TickTrader platform to access the indicators discussed in these strategies and more than 1,200 trading tools. VWAP and RSI - Volume Weighted Average Price (VWAP): An indicator that shows the average price a security has traded at throughout the day, based on both volume and price. - Relative Strength Index (RSI): A well-known momentum indicator that gauges the magnitude and change of market movements. It also indicates overbought and oversold market conditions. The VWAP and RSI trading method leverages mean reversion, which assumes that prices will revert to their mean value over time. This strategy may be potentially effective because it combines VWAP’s price-volume insight with RSI’s momentum analysis, providing a clear picture of potential price reversals. According to theory, it’s best used on intraday charts, typically the 5m or 15m, given the VWAP resets between trading days. Entry - Traders often look for RSI values above 70 (overbought) or below 30 (oversold) to indicate potential reversals. - A short entry is typically considered when RSI crosses back below 70 and the price is above the VWAP. - Conversely, a long entry is common when RSI crosses back above 30 and the price is below the VWAP. - A divergence between RSI and the price can add confluence to the trade. Stop Loss - Stop losses are usually set beyond the recent swing high for short positions or swing low for long positions. Take Profit - This approach capitalises on the mean reversion principle, aiming for prices to return to their average level. Therefore, it is common for traders to take profits at the VWAP. - However, take profits might also be placed at a suitable support or resistance level. Breakout and Retest The Breakout and Retest trading technique focuses on identifying horizontal ranges or consolidation phases in the market. This strategy aims to capitalise on price movements that occur after the breakout of these ranges, leveraging the potential for substantial trend formation. Entry - Traders observe a horizontal range or consolidation period with a directional bias in mind. - A strong movement or candle closing beyond the range signals a breakout. - Traders typically set a limit order at the range's high (for a bullish breakout) or low (for a bearish breakout) after the breakout occurs. Stop Loss - Stop losses are generally placed below the range's low for bullish breakouts or above the range's high for bearish breakouts. This risk management approach potentially helps protect against false breakouts and reversals. - However, a trader can also place a stop loss above or below the nearest swing point, which may provide a more favourable risk/reward ratio. Take Profit Given that breakouts from consolidation ranges often lead to prolonged price moves, traders commonly set take-profit levels at key support or resistance levels. Fibonacci and Stochastic - Fibonacci Retracement: A tool used to identify potential support and resistance levels by measuring the distance between a significant high and low. - Stochastic Oscillator: A momentum indicator comparing a security’s closing price to its price range over a specified period, typically used to identify overbought or oversold conditions. The Fibonacci and Stochastic strategy combines Fibonacci retracement levels with the Stochastic Oscillator to identify potential price reversals in trending markets. This approach leverages key retracement levels and momentum signals, offering traders a precise method for timing entries and exits. Entry - Traders typically observe a new low in a bear trend or a new high in a bull trend. - A Fibonacci retracement is then applied between the prior high and low, focusing on the 0.382, 0.5, or 0.618 levels. - As the price approaches these levels, traders look for signs of rejection, such as candlestick patterns like a shooting star or hammer. - Additionally, traders watch for the Stochastic Oscillator to cross back below 80 (in a bear trend) or above 20 (in a bull trend). - When the Stochastic moves beyond these levels, an entry is sought. Stop Loss - Stop losses may be set just beyond the entry swing point or the next Fibonacci level. Take Profit - Profits might be taken at a valid support or resistance level. Bollinger Band Squeeze and MACD - Bollinger Bands: A volatility indicator consisting of a middle band (usually a simple moving average) and two outer bands set at standard deviations from the middle band. - Moving Average Convergence Divergence (MACD): A momentum indicator valuable in trending markets, designed to measure the relationship between two moving averages. The Bollinger Band Squeeze and MACD strategy combines Bollinger Bands' volatility analysis with MACD's momentum confirmation. This approach identifies potential breakouts above/below the Bollinger band following periods of low volatility, providing a robust framework for trading such events. The strategy is used in a solid trend and in the direction of the trend. Entry - Traders look for Bollinger Bands to constrict, indicating reduced volatility. - The MACD is used to confirm the breakout direction. Traders typically watch for the MACD signal line to cross above the MACD line for a bullish breakout or below for a bearish breakout. - The breakout is generally confirmed by a strong price movement in the direction of the MACD crossover. Stop Loss - Stop losses may be set beyond the opposite edge of the Bollinger Bands. Take Profit - Profits might be taken when the price closes near or beyond the opposite edge of the Bollinger Bands. This method allows traders to capitalise on the full extent of the breakout move. Keltner Channel and RSI Momentum - Keltner Channels (KC): A volatility-based indicator consisting of bands set around an exponential moving average, typically using a multiplier of 1.5 times the Average True Range (ATR). The Keltner Channel and RSI Momentum strategy leverages volatility and momentum to identify potential trade opportunities. This approach focuses on price movements outside the Keltner Channel, confirmed by RSI, to signal entry points. The strategy is applied within the strong trend. Entry - Traders observe RSI to be above 50 but below 80 for bullish setups, indicating upward momentum without being severely overbought. For bearish setups, RSI should be below 50 but above 20. - A decisive close outside the Keltner Channel signals a potential trade. For a bullish entry, the price should close above the upper channel, with RSI confirming by staying within the bullish range. Conversely, for a bearish entry, the price should close below the lower channel, with RSI confirming by staying within the bearish range. Stop Loss - Stop losses may be set beyond the midpoint of the Keltner Channel. - Alternatively, stop losses may be placed on the other side of the channel, depending on the trader's risk tolerance. Take Profit - Profits may be taken at key support or resistance levels, providing logical exit points based on market structure. - Additionally, traders might exit when the price closes beyond the opposite side of the Keltner Channel. - Another potential exit strategy is to take profits when RSI reaches overbought (above 80) or oversold (below 20) levels, indicating potential exhaustion of the current move. The Bottom Line Understanding and applying different trading strategies can potentially enhance your trading performance and help you achieve your financial goals. By leveraging tools like VWAP, RSI, and Fibonacci retracements, traders can make more informed decisions. Open an FXOpen account today to access these strategies and more with a broker that supports your trading journey. FAQs What Is the Most Basic Trading Strategy? The most basic trading strategy is the moving average golden and death cross strategy. This approach involves using two moving averages, typically 50-day and 200-day, to identify potential buy and sell signals. A golden cross occurs when the short-term 50-day moving average crosses above the long-term 200-day moving average, signalling a bullish market trend and a potential buying opportunity. Conversely, a death cross happens when the 50-day moving average crosses below the 200-day moving average, indicating a bearish trend and reflecting a potential selling opportunity. What Strategy Do Most Day Traders Use? Most day traders use momentum trading. This strategy involves identifying assets that are moving significantly in one direction on high volume. In a stock trading strategy, for instance, a day trader might buy a stock climbing strongly backed by higher-than-average volume. They might rely on technical indicators like Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) to make decisions. How to Backtest a Trading Strategy? To backtest a trading strategy, traders use historical data to simulate the performance of a strategy over a specified period. This involves applying the strategy's rules to past data to see how it would have performed. Traders typically use backtesting software or platforms that allow for detailed analysis and visualisation of results. How to Create My Own Trading Strategy? Creating a potentially successful trading strategy involves several steps. First, identify your trading goals and risk tolerance. Then, choose the market and timeframe you want to trade. Develop specific entry and exit rules using technical indicators and patterns. Finally, test your strategy using historical data to ensure its effectiveness before applying it to live trading. Also, ChatGPT provides numerous opportunities, including the creation of a trading strategy. Read our article ‘How to Use ChatGPT to Make Trading Strategies.’ *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
3
How to make someone else's chart your ownHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Sometimes, people ask how to use indicators displayed on the chart. You can add public indicators by clicking "Indicators" and searching for indicators. However, since not all indicators are public, you can use private indicators by sharing published ideas. I will take the time to explain how to share them. - In order to make someone else's chart your own, you need to share the chart from an idea published by someone else. To do this, you must be a paid member of TradingView. --------------------------------------- 1. Click on the idea of ​​someone else whose chart you want to share and click "Share" near the bottom of the chart. 2. In the next window, click "Make it mine". You can do it as above. ---------------------------------------- However, the idea poster must have the layout of the chart "Sharing". - Since there is a limit to the number of indicators supported depending on the paid level, it is recommended to check your paid level to see if you can use all the indicators of the chart you want to share. I briefly looked into how to make someone else's chart mine. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
Need to check if this volume can change the trendHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (1M chart) - (1W chart) - (1D chart) With this large volume, I expect there to be a change in the trend. Accordingly, I think there can be two expected movements. 1. If it rises to around 59053.55 after the volatility period around August 12th and re-enters the medium- to long-term rising channel. At this time, the key is whether it can maintain the price by rising above 61099.25. 2. If it falls along the short-term falling channel and starts to rise around 49676.20-52137.67 and breaks out of the short-term falling channel after the volatility period around September 13th. At this time, the key is that it should show support near the M-Signal indicator on the 1M chart. - If it falls in the short-term falling channel other than the above case and falls below the M-Signal indicator on the 1M chart, it is possible that it will touch the 42K-43K area, which is forming a strong support zone. In this case, it should show support while showing a similar trading volume to this time. I will explain in detail when it shows up, because it is something that I hate to imagine. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The volatility period starting this time is important...Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) The StochRSI indicator has fallen below the midpoint. Therefore, when this month's candle closes, we need to see if it can close above the 1st. If not, and it closes near the 2nd, the StochRSI indicator is expected to fall further. However, if a new HA-High indicator (61099.25) is formed near the 2nd and it shows support near that area, I think it is highly likely that the StochRSI indicator will show an upward trend. ----------------------------------- (1W chart) Looking at the 1W chart, the volatility period is around the week of July 29th. Therefore, it can be seen that it is currently in the volatility period. Since the HA-High indicator is formed at 65920.71, trading is possible depending on whether there is support around this area. The meaning of receiving support from the HA-High indicator and rising can be interpreted as meaning that there is a possibility of renewing the previous latest high. Therefore, there is a possibility of rising above 71K. However, since the first section is 1.13 (67031.36) ~ 69000, the key is whether it can break through this section upward. In any case, the key is whether it can rise along the important rising channel after passing this volatility period. If it does not, and falls below 56K and shows resistance, it is expected to turn into a downtrend. This volatility period is expected to play an important role in determining the trend in the second half of this year, so it seems that we should closely watch the flow. The trend that is about to form after this volatility period is expected to become full-fledged after mid-September. Therefore, rather than rushing to start trading, I think it is better to start trading slowly when you have some confidence. - The StochRSI indicator on the 1M chart is showing a strong downward trend. However, the StochRSI indicator on the 1W chart can be seen as showing a weak downward trend. Therefore, we should check whether the StochRSI indicator rises above the midpoint when a new candle is created next week. If it does not rise above the HA-High indicator on the 1W chart and the StochRSI indicator does not rise above the midpoint, there is a possibility that the downward trend will become stronger again, so caution is required. --------------------------------------- (1D chart) The important volatility period is the volatility period shown on the 1W chart. However, I think it is highly likely that a trend will gradually form after passing the volatility period shown on the 1D chart. Therefore, we need to check what kind of movement it shows after passing the volatility period around July 28 (July 27-29). The 65920.71-67614.25 section is an important section made up of the HA-High indicator on the 1W chart and the HA-High indicator on the 1D chart. - Since the creation of the HA-High indicator means that a high point section has been formed, the presence of support near the HA-High indicator is important. Since the area near the HA-High indicator corresponds to the high point section, in most cases, the area near the HA-High indicator corresponds to the resistance section. However, in order for a large uptrend, i.e. a step-up, to begin, the price must be maintained above the HA-High indicator. According to this correlation, the current average purchase price corresponds to the trading point. - After touching the HA-Low indicator and rising, the HA-High indicator showed a step-up, showing a large uptrend, and now it is touching the HA-Low indicator again and showing the same movement as the current one. Therefore, if the price can be maintained by rising above the HA-High indicator this time, it is highly likely to show a new uptrend. However, if it fails and falls, the HA-Low indicator is likely to show a step-down, so caution is required. - The creation of the HA-Low indicator means that a low point range has been formed. Therefore, if it falls below the HA-Low indicator, it is highly likely to update the latest low, so caution is required when trading. Therefore, it is recommended to start trading after confirming the support from the HA-Low indicator, that is, the rising pattern. If the HA-Low indicator is supported and rises, there is a high possibility of obtaining high profits. - The M-Signal indicator on the 1W chart is rising past the 62K level. Therefore, after the volatility period around July 28, the key issue is whether there is support around 63118.62-64000.0. Since the HA-High indicator on the 1M chart is showing a pattern of being created at the 61099.25 point, if it falls below this point and shows resistance, you should ask for a countermeasure for the stepwise downtrend. Therefore, the direction in which it deviates from the 65920.71-67614.25 section in the 63118.62-64000.0 is something to check during this volatility period (around July 28). - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture A full-scale uptrend is expected to start after rising above 29K. The next bull market is expected to touch 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Are Two Heads Better Than One? Team vs. Individual Trading█ Are Two Heads Better Than One? Team VS Individual Trading Performance The age-old question of whether two heads are better than one finds new relevance in the world of stock trading. A comprehensive study titled "Are Two Heads Better Than One?" delves into this question by comparing the performance of individual traders and two-person teams in a simulated share-trading environment. This article explores the key findings of the study, provides actionable insights, and discusses how traders can apply these insights to enhance their trading strategies. █ Key Findings of the Study The research examined the trading performance of novice traders, both individuals and teams, in an electronic share-trading simulation. The results offer a nuanced understanding of how team dynamics and individual attributes impact trading outcomes. ⚪ Firstly, the study found no statistically significant difference in trading profits between teams and individual traders. While teams showed higher average profits, the variation was not substantial enough to declare teams as definitively better. Interestingly, profit volatility was more sensitive to trading activity in teams than in individuals. ⚪ Confidence emerged as a crucial factor in trading performance. Traders with higher confidence, whether trading alone or as part of a team, tended to achieve better results. However, this confidence needed to be task-specific, focusing on particular trading activities like setting bids and asks, rather than a general sense of capability. ⚪ Another significant insight was the impact of trading activity on profitability. The study revealed a negative relationship between the number of trades and profit. In simpler terms, traders who engaged in fewer transactions generally earned higher profits. This applied to both individuals and teams. ⚪ The dynamics within teams also played a role in trading performance. Teams that displayed a positive attitude towards the trading task and perceived it as less difficult performed better. Additionally, mutual respect among team members correlated with less frequent trading and, consequently, higher profits. █ Actionable Insights for Traders The findings of this study offer several actionable insights for traders looking to improve their performance. ⚪ Balancing Confidence with Caution Confidence is a double-edged sword in trading. While it is essential for making decisive moves, overconfidence can lead to excessive trading, which often diminishes profits. Traders should aim to build confidence in specific trading tasks through practice and education. For instance, focusing on developing skills in setting precise bids and asks can enhance performance without falling into the trap of over-trading. ⚪ Optimizing Trading Activity One of the most actionable insights from the study is the importance of trading less frequently. Traders should adopt a more strategic approach, focusing on the quality of trades rather than quantity. This means conducting thorough research and analysis before making a trade, and resisting the urge to engage in frequent buying and selling. Implementing rules that limit the number of trades per day or per week can help maintain this discipline. ⚪ Enhancing Team Dynamics For those trading in teams, fostering a positive group attitude and mutual respect is crucial. Effective communication and collaboration can significantly improve trading outcomes. Teams should regularly discuss strategies and specific trades, ensuring that all members are on the same page. Moreover, teams should strive to build a cohesive unit where members respect each other's abilities, as this can lead to more deliberate and profitable trading decisions. ⚪ Training and Development Trading firms can leverage these insights to design better training programs. Emphasizing the importance of confidence in specific tasks and the dangers of over-trading can help traders develop more effective strategies. Training should also focus on building strong team dynamics, teaching traders how to communicate effectively and collaborate efficiently. ⚪ Performance Monitoring Traders should regularly assess their performance, paying close attention to the correlation between their trading activity and profits. Tools and metrics that measure both confidence levels and trading frequency can provide valuable feedback. This data can help traders make informed adjustments to their strategies, ensuring they stay on the path to profitability. █ Conclusion The study "Are Two Heads Better Than One?" offers important insights into how individuals and teams trade. Although two heads are not always better than one in terms of profits, the research shows that confidence, trading activity, and team dynamics are crucial for trading success. To improve trading results, traders should: Balance confidence with caution Trade less frequently but more strategically Strengthen team dynamics Focus on specific training Regularly review their performance Whether you're new to trading or have experience, remember to prioritize quality over quantity in your trades. Build confidence in specific tasks, and if you're working in a team, create a collaborative and respectful environment. These approaches will enhance your trading performance and lead to more consistent and sustainable profits. █ Reference Heaney, R., Foster, F. D., Gregor, S., O'Neill, T., & Wood, R. (2010). Are two heads better than one? An experiment with novice share traders. Australian Journal of Management, 35(2), 119-143. doi:10.1177/0312896210370078. ----------------- Disclaimer This is an educational study for entertainment purposes only. The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
OANDA:DE30EUREducation
by Zeiierman