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STATUS 4H UGLY DOUBLE BOTTOM LONG TRADE Step #1: Identify two bottoms where the second bottom is at least 5% higher than the first bottom The first step is to identify the correct price structure of the ugly double bottom pattern. Basically, we need two bottoms where the second bottom is higher than the first one. In other words, the price needs to make a higher low. The second bottom also needs to be between 5% and 20% higher than the first bottom. This trading rule will ensure we’re not developing a double bottom pattern. Secondly, it will ensure the downswing leg before forming the second bottom has a proper length. There is one more critical element that needs to be satisfied. This brings us to the second step of our day trading cryptocurrency strategy. Step #2: Bottom 1 needs to develop a “V” shape type bottom The key to this reversal setup is the shape of the first bottom. The bottom 1 price structure needs to be a “V” shaped bottom. The identification guidelines of the V-shaped bottom are quite easy. The price needs to drop in a straight line, and then it reverses and moves up at a slightly steeper slope or at least at the same speed as it fell. The good thing is that we don’t need to spot this reversal pattern on a real live feed as they happen, we can look in hindsight and have the time to validate them. Next, we’re going to outline what key condition needs to be satisfied with our entry strategy and how to buy Status SNT. Step #3: How to buy Status SNT: Buy after we break above the highest point between the two bottoms. The ugly double bottom pattern is confirmed once we break above the highest point between the two bottoms. That’s also the moment when you would want to buy Status SNT. A break above the highest high between the two bottoms will also mark a break in the price structure. Once we break above point B, the price is making a higher high. This, paired with the previous higher low means we can safely assume the market is in the process of establishing a new bullish trend. This reversal setup indicates that catching a falling knife can work, but you need to be patient until all requirements fall into place and only then pull the trigger. This brings us to the next important step we need to establish for our day trading cryptocurrency strategy, which is where to place your protective stop loss. Step #4: Place your protective Stop Loss below the second bottom As we’ve suggested earlier, you can adopt different strategies to manage your risk, but for the purpose of this example, we’re going to highlight one effective way to hide your stop loss. Here is another strategy on how to apply technical analysis step by step. Place your stop loss below the second bottom! Alternatively, you can place your stop loss below the bottom 1, but this requires using a wider SL. Step #5: Take profit at the 1.272 Fibonacci extension level For our exit strategy, we’re going to use the Fibonacci extension toll. You can establish accurate profit targets with the help of the Fibonacci extension tool. We’re going to use the two bottoms and the highest high between the two bottoms as reference points to draw the Fibonacci extension lines. As a day trader, you only need one good trade to succeed in this business. Just imagine how much you can accomplish with one good trade per day. **Note: The above was an example of a BUY trade using the best Status SNT cryptocurrency strategy. Use the same rules for a SELL trade – but in reverse
BINANCE:SNTUSDEducation
by Tradingstrategyguides
GBPCHF 1D TRIANGLE BREAKOUTTriangles are repeatable trading chart patterns. Triangles are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever 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 the 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.
by Tradingstrategyguides
1
AUDCHF 1D MA-X MOVING AVERAGE CROSS Tim's MA-X Strategy. This is a Moving Average Crossover or MA-X Trading Strategy setup. MA-X strategy consists of the 100 period simple moving average (SMA) in red, and the 20 period exponential moving average in blue. If the 20 ema is above the 100 sma then we only take buys or longs. If the 20 ema is below the 100 sma the we only take selss or shorts. *In this case price is above the 100 sma so we will only take buys or longs. *This Pair has been in a nice uptrend foe some time. *It's now pulled back below the 20 ema and consolidating below the 20. *We are going to look for a close above the 20 ema to go long. *This trade plan we buy a daily candle close above the 20 ema. On the breaking candle to enter a full-sized position we want to the volume bar reach up to the volume average. If it doesn't reach the average but does reach 75% of the average open a ½ size position to reduce risk. You can calculate the percentage by dividing the first volume average by the second volume average. You should at least get 75%, if you don't then stand aside on the trade. The stop loss will be 1.5 x ATR. The first target will be 1 x ATR. So the way that works is you get your candle close above the 20 ema that's your entry point. At that time you look at the ATR of that candle. You multiply that by 1.5 to get your SL. You measure that distance behind the entry and that will be your SL. Then you measure 1 ATR above the entry and that will be your first target. If after entering the trade the candle closes back below the 20 ema, tke the loss right then. Do not wait for price to hit the SL. Our intention is that a breakout above the 20 ema should be explosive and hit our target fairly quickly. If the momentum goes away we want to shut the trade down without taking a full stop if possible. When price hits our first target, close half the position for profit and set the SL to break even on the remainder. Follow stops as price moves in our direction until the market takes us out. These two rules are the very definition of cutting your losses and letting your winners run. Typically does this by using two positions. The first position has a stop loss and a take profit. That position will close automatically when the first target is hit. The second position will only have a stop loss and not take profit. This is the position that will be allowed to run. When the first target is hit we have to manually move our stop up to break even on the second position. Risk only two percent of your trading account of each trade. Each position will then only be 1%.
Short
by Tradingstrategyguides
2
USDMXN 1D TRIANGLE BREAKOUTTriangles are repeatable trading chart patterns. Triangles 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.
by Tradingstrategyguides
4
LTCUSD 1H KELTNER CHANNEL BREAKOUTTrading Breakouts with Keltner Channel When it comes to breakout trading, the Keltner Channel is a very powerful indicator. The Keltner Channel breakout system works best when volatility rises. However, the Keltner indicator measures not just the volatility, but it can also show anomalies in the price behavior. Since the Keltner channel indicator is lagging in nature, we can use a secondary tool like the ADX indicator to give us more confluence. These two indicators can help us catch explosive breakouts. With the ADX we measure the strength of the breakout. Generally, an ADX reading above the 20 level is considered to be the beginning of a bullish/bearish trend. Any reading below 20 signals is a period of consolidation. The ADX needs to continue to rise to suggest that the trend is strong. When the Keltner Channel is used in combination with the ADX indicator, you can trade breakouts with objectivity. Trigger conditions for buying breakouts: Keltner Channel bands need to turn flat. Price needs to break above the upper band. ADX needs to cross above the 20 level. Follow the above trading rules if you want to avoid most of the false breakouts.
COINBASE:LTCUSDLong
by Tradingstrategyguides
6
ETHUSD 1D KELTNER CHANNEL PULLBACK TRADING STRATEGYTrading Pullbacks with Keltner Channel Trading pullbacks successfully can only be done in the presence of a strong trend. Using the Keltner channel indicator we can study how the price behaves around the upper and lower envelopes to gauge the strength of the trend. As you already learned when the price hugs one of the two bands and crawls along with the band, we have a case for a strong trending market. There will be highlighted small retracements while the price hugs the upper Keltner band. Notice that the price can retrace to the area around the 20-EMA. It won’t give you an exact price, but a price zone from where the price can potentially bounce and the bullish trend can resume. This is a good way to measure pullbacks in price. Successful trading doesn’t require catching the exact turning point. For a better timing of our trades, we can use the Stochastic RSI indicator in combination with the Keltner indicator for more confluence. The trade trigger is simply to follow with this Keltner Channel pullback strategy. Pull the trigger when the price retraces to the middle band and the stochastic indicator develops a crossover from oversold territory.
COINBASE:ETHUSDEducation
by Tradingstrategyguides
BTCUSD 4H KELTNER CHANNEL RANGE TRADING STRATEGYTrading Ranging Markets with Keltner Channel It is said that the number one account killer in the market is a ranging market. Consolidations are very difficult to trade. However, you can take advantage of the difference in the way the Keltner channel system can be used in combination with other technical indicators. The price won’t really touch the bands when it bounces between the upper and lower envelopes. When we’re in a ranging market, you’ll often see that the price will fail to touch the bands. The majority of the time the price will hug the middle band. This anomaly in price behavior requires us to use a secondary technical indicator to find profitable trades. Since the Forex market spends most of its time in consolidation (around 70% of the time), it’s mandatory to have a range trading strategy to survive in this market. For range trading, we like to use Keltner Channel bands in combination with a 2-period RSI indicator. We tweaked the RSI settings so we can better identify tops and bottoms within a trading range. *Note #3: For this Keltner trading strategy we use the 90-10 levels of overbought and oversold readings. Here are some rules that can guide you to make the best trading decisions: Keltner envelopes need to turn flat, to signal a consolidation. The price needs to break below the middle band. A buy order is triggered once the 2-period RSI goes below 10 indicating oversold conditions. The protective stop loss can be hidden on the other side of the Keltner band. For the long side take profit when the RSI reaches the 90 levels.
COINBASE:BTCUSDEducation
by Tradingstrategyguides
2
EURNZD 1D BULL FLAG LONG TRADEBull Flags are a Range pattern and are a repeatable trading chart patterns. Bull Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever 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.
Long
by Tradingstrategyguides
4
MacDonald's 1D Bull Flag Short TradeBull Flag is a Range pattern and they are a repeatable trading chart pattern. Bull Flag Range chart pattern will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever 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 the 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:MCDShort
by Tradingstrategyguides
1
PALLADIUM 1D DESCENDING TRIANGLEDescending Triangles are repeatable trading chart patterns. Descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever 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 the 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.
OANDA:XPDUSDShort
by Tradingstrategyguides
How to Trade Stocks in a Recession – Survive the CODVID-19Where to put Money During a Recession? #1 Recession-proof Stocks: Discount Store Industry. Here is a list of retail stocks to keep an eye on during the 2020 recession: Dollar General (NYSE: DG ) – during the 2008 crash DG rose more than 60% and since the middle of March 2020, it’s up the stock is up more than 38%. Walmart (NYSE: WMT ) – since the COVID – 19 outbreak, Walmart stock is up more than 19% from its March’s low. Dollar Tree (NYSE: DLTR ) – With a gain of over 60% return in 2008, Dollar Tree is another recession-proof stock that can withstand today’s coronavirus bear market. These types of businesses do well during a recession. The retail discount industry will typically see a boost in sales, which typically means bigger profits for the companies and subsequently these stocks can beat all other S&P 500 stocks. #2 Recession-proof Stocks: Health Care Industry. Biotech company Amgen (NYSE: AMGN ) was among the best-performing stocks in 2008, gaining as much as 24.3% by the end of that year. During the COVID-19 stock market crash, Amgen has gained roughly 24% since its March low. #3 Recession-proof Stocks: Delivery Services Industry. The biggest courier companies in the USA are UPS Inc. closely followed by FedEx Corp . With over 3 billion of the global population in lockdown due to coronavirus quarantine, the home delivery services industry has become an essential component of our society. The foundation of making money when the stock market crashes or in any other type of investing is to study the past. Here is a stock trading tip: Compare which stocks have performed well during previous recessions. For this exercise, we’re going to have a look at the stocks that soared during the financial crisis of 2008. During the subprime mortgage crisis of 2008, the US stock market lost almost 40% of its value. But even in those dire times, where the majority of stocks plunged, there were some healthy stocks that survived the crash. Given the coronavirus stock market crash, we’re going to have a look at 5 recession-proof stocks that can survive this bear market. When we can learn something from the stock market history, it’s best to pay attention. Stock investors looking to pick healthy stocks can start first by including the above-mentioned names in their portfolios. How to Trade Stock In a Recession? A study has been conducted to assess the past six recessions and revealed that if you invested in the Dow stocks during those recessions only during the 1980 recession the portfolio value would have made profits by the end of the recession. Now, you might be wondering… “How you can profit from a recession?” The straightforward method to trade stock in a recession is by short selling. You can make money when stock prices go down by short selling. Actually, stock day traders can make money both ways, when the stock price goes down and when the stock price goes up. Finding good stocks to hold and make profits during a recession is pretty hard. Alternatively, buying dividend stocks can become another profitable method to invest during a recession. Dividend stocks can provide a good source of passive income during times of a recession. You can also use Google Trends for stock picking. However, by far the best stock trading strategy in a recession is day trading. In a typical recession, stock investors will experience more volatility , which is the perfect paradise for day traders. Stock day traders will continue to see volatility as the uncertainty around the coronavirus persists. One major characteristic of a bear market is high volatility compared to bull stock markets. And, the 2020 bear market holds the record as the fastest bear market in history. Bull and bear market volatility look very different. So, as you may imagine, stock volatility is through the roof during the 2020 recession. We’re going to teach you how to make money during a recession with a day trading strategy inspired from Trading Guru Larry Williams . See below: Day Trading with the Best Stock Trading Strategy in a Recession Day trading during a recession can be the fastest way to grow your account. With day trading you can trade both ways: You can take advantage of both the bearish trend as well as from the sharp rallies. Our stock day trading method is based on the same method that Larry Williams used to generate more than $1 million in profits in the world futures championship Robbins World Cup. But, there is a twist. Our team of experts took Larry’s Smash day reversal pattern and twisted the rules to fit our recession strategy. Now, you may be asking yourself: What’s a Smash day reversal pattern? According to Larry Williams , a Smash bar is a bar of increased volatility with long wicks. The Smash bar trading pattern indicates a potential reversal of the preceding impulsive movement. Let me explain… If on the intraday level, the stock price starts all of a sudden to experience a high level of volatility , this should leave behind candle bars with long wicks. Now, it’s important to make the difference between the Smash bar trading setup and the typical Pin Bar chart setup. While these two stock chart patterns might look similar, the pin bar has a small body candle, while the Smash bar has a typical larger body. The stock reversal pattern is completed once the next candle breaks above the smash candle, which will subsequently trigger a buy signal. Note* obviously the protective stop loss can be placed at the other end of the Smash bar. This stock chart pattern works because the increased volatility will attract more traders to take an interest in the stock. However, if the next bars go in the opposite direction it will signal a reversal in the current stock price direction. Subsequently, this will lead to further liquidation along the road and exacerbate the stock price reversal. Now, the coronavirus crisis has unleashed unprecedented levels of stock volatility . This is good news because it means the Smash bar pattern will tend to reoccur more often. You can buy and sell stock in a recession due to the elevated stock volatility . We have learned how to buy stocks, but what about how to sell stocks during a recession? We use the same principles but in reverse. There is also a slight variation of the Smash bar reversal pattern that we can use. Larry Williams calls it a hidden Smash bar. Let me explain it to you: When a highly volatile bar emerges out of the blue that can be a signal of reversal. This bar must have its closing price in the lower third of the stock price range. And, it must be bigger than the bars close to its proximity. Note* this time we don’t count on the long wicks. Note* this day trading pattern works best when we trade it in a context of an established intraday trend as a continuation pattern. Final Words – Best Stock Trading Strategy in a Recession Use our best stock trading strategy in a recession if you want your account to go up even when the market crashes. Learning how to trade stocks in a recession can help you survive while keeping you risk adjusted. The average recessions last 18 months, so it’s important to find different methods to protect yourself. Alternatively, you can also learn where to put money during a recession a safe way. Stock investors can put their money in high –quality stocks (recession-proof stocks) like: Consumer staple stocks Discount store stocks Pharmaceutical stocks Delivery service stocks or food delivery stocks If you’re more of a stock risk-taker, the best way to make money during a recession is by day trading the stock market. Larry Williams’ Smash day pattern is a simple but very effective way to trade stocks in a recession.
NASDAQ:AMZNEducation
by Tradingstrategyguides
GOLD ETF 1D ASCENDING TRIANGLE LONG TRADEAscending Triangle are repeatable trading chart patterns. Ascending Triangle chart patterns will have a directional bias depending on the previous incoming trend. 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.
AMEX:GDXLong
by Tradingstrategyguides
NQ1! 1D BEAR FLAG SHORT TRADEBear Flags are a form of a Range Pattern and Bear Flags are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (Short trade). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever 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 the 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.
CME_MINI:NQ1!Short
by Tradingstrategyguides
AUDJPY 1D MA-X STRATEGYTim's MA-X Strategy. This is a Moving Average Crossover or MA-X Trading Strategy setup. MA-X strategy consists of the 100-period simple moving average ( SMA ) in red, and the 20-period exponential moving average in blue. If the 20 ema is above the 100-SMA then we only take buys or longs. If the 20 ema is below the 100-SMA the we only take selss or shorts. *In this case price is above the 100-SMA so we will only take buys or longs. *This Pair has been in a nice uptrend for some time. *It's now pulled back below the 20-EMA and consolidating below the 20. *We are going to look for a close above the 20-EMA to go long. *This trade plan we buy a daily candle close above the 20-EMA. On the breaking candle to enter a full-sized position we want the volume bar to reach up to the volume average. If it doesn't reach the average but does reach 75% of the average open a ½ size position to reduce risk. You can calculate the percentage by dividing the first volume average by the second volume average. You should at least get 75% if you don't then stand aside on the trade. The stop loss will be 1.5 x ATR. The first target will be 1 x ATR. So the way that works is you get your candle close above the 20 ema that's your entry point. At that time you look at the ATR of that candle. You multiply that by 1.5 to get your SL. You measure that distance behind the entry and that will be your SL. Then you measure 1 ATR above the entry and that will be your first target. If after entering the trade the candle closes back below the 20 ema , take the loss right then. Do not wait for the price to hit the SL. Our intention is that a breakout above the 20 ema should be explosive and hit our target fairly quickly. If the momentum goes away we want to shut the trade down without taking a full stop if possible. When the price hits our first target, close half the position for profit and set the SL to break even on the remainder. Follow stops as price moves in our direction until the market takes us out. These two rules are the very definition of cutting your losses and letting your winners run. Typically does this by using two positions. The first position has a stop loss and a take profit. That position will close automatically when the first target is hit. The second position will only have a stop loss and not take profit.
Short
by Tradingstrategyguides
3
XRPUSD HITBTC PENNYCRYPTO#1 Penny Cryptocurrency 2020: Ripple XRP XRP Current Price: $0.1988 Ripple XRP is also known as the most favorite cryptocurrency among global banks. The XRP payment system has been around since 2012 and it hit an all-time high back in January 2018 when it hit approximately $3.5. According to Coinmarketcap, Ripple is the world’s third most valuable cryptocurrency based on market cap. Where Can I Buy Penny Cryptocurrencies? The largest and biggest cryptocurrency exchange that offers penny coins is Binance. HitBTC gives you access to over 827 penny coins and $650 million average daily volume. Hotbit gives you access to over 625 penny coins and $2.3 billion average daily volume. KuCoin gives you access to over 447 penny coins and $40 million average daily volume. OKEx gives you access to over 372 penny coins and $1.9 billion average daily volume. Bitfinex gives you access to over 277 penny coins and $93 million average daily volume. How to Select Penny Cryptocurrencies? In this section, we’re going to break down our checklist to select top penny cryptocurrencies. To start, using crypto trading signals will make it much easier to identify which coins are most likely to increase or decrease in value. It’s important to lay down some sort of a selection process so you don’t get lost with so many coins available to buy. Our team of experts has put together a list of 10 criteria to follow before you buy penny cryptocurrencies today: Cryptocurrency circulating supply between 10 million – 1 billion coins The market cap of at least $20 million Must be listed on the biggest cryptocurrency exchanges (Binance, BitMex, OKEx, Huobi Global, MXC, etc.) Remove penny cryptocurrency that has mined less 25% of their maximum supply Percentage gain in the last 7 days must be higher than 50% (you can view these metrics on Coinmarketcap) High liquidity – minimum $1 million 24 hour volume traded A strong presence on social media (Twitter, Facebook, Reddit and cryptocurrency forums) Experienced blockchain developers team Discount penny coins that trade near their all-time high The final step is to use technical analysis to find range-bound penny cryptocurrencies that trade at a psychological support level. Why Invest in Penny Cryptocurrencies? 1 - Altcoins offer high-risk reward ratios. Many of the penny cryptocurrencies are undervalued and along with the potential of mass adoption of the blockchain technology, we can expect the value of the altcoins to be higher in the foreseeable future 2 - Penny cryptocurrencies offer investment diversification. If you want your crypto portfolio to generate constant returns you need diversification. The cryptocurrency market crash amid the coronavirus outbreak wasn’t able to put to the ground every single coin. There are still coins that show positive return (see figure below). 3 - Penny cryptocurrencies offer passive income. Some of the best paying dividend cryptocurrencies trade under $1. Earning dividends from cryptocurrencies is the same as a stock dividend. By simply holding penny cryptos in your wallet or exchange, you can earn money. A penny cryptocurrency is a digital currency that is trading under $1. Much like penny stocks, the penny cryptocurrencies are very cheap coins literally worth a few pennies. Penny cryptos are considered to be an alternative type of investment that can be classified into 4 categories: Mining-based cryptocurrencies Stablecoins (Check out here What Are Stablecoins And How Do They Work?) Security Tokens (Check out everything you need to know about Security Token Offerings) Utility Tokens Most penny cryptocurrencies are more volatile and they can be subject to price manipulation through the pump and dump schemes. However, not all penny cryptocurrencies are the same, they vary widely from each other. Trading Strategy Guides Home Blog About Us Products Contact Us Free Tools Best Penny Cryptocurrency to Invest 2020 by TradingStrategyGuides | Last updated Apr 8, 2020 | Advanced Training, All Strategies, Cryptocurrency Strategies | 0 comments best altcoins 2020 If you search for the best penny cryptocurrency to invest 2020 read on. With more than 5,200 altcoins to choose from, you might be wondering what are the best altcoins to invest in 2020? We’re going to share with you the top 10 penny cryptocurrencies to buy in 2020 along with some trading tips and strategies. If this is your first time on our website, our team at Trading Strategy Guides welcomes you. Make sure you hit the subscribe button, so you get your Free Trading Strategy every week directly into your email box. If you want to put your money into more established coins, this article will shed some light on the Top 5 Best Cryptocurrencies to Invest in 2020. According to Coinmarketcap, penny cryptocurrencies account for almost 35% of the total cryptocurrency market (according to data compiled through April 2020). The penny crypto-list is huge, but only some of them will emerge as having a high-profit potential. Since most cryptocurrencies will die and no one will ever talk about them, it’s important to develop a sound investment process. Which penny cryptocurrencies are on the verge to go to the moon and the best altcoins to invest in 2020 will be revealed by our team of experts throughout this guide. Let’s dive in and explore together the next upcoming altcoin season. Let’s go ahead and get started! See below: Table of Contents 1 What are Penny Cryptocurrencies? 2 Why Invest in Penny Cryptocurrencies? 3 How to Select Penny Cryptocurrencies? 4 Where Can I Buy Penny Cryptocurrencies? 5 What are the Top 10 Penny Cryptocurrencies to Buy in 2020? 5.1 #1 Penny Cryptocurrency 2020: Ripple XRP 5.2 #2 Penny Cryptocurrency 2020: Stellar Lumens (XLM) 5.3 #3 Penny Cryptocurrency 2020: Basic Attention Token (BAT) 5.4 #4 Penny Cryptocurrency 2020: Steem 5.5 #5 Penny Cryptocurrency 2020: Enjin Coin (ENJ) 5.6 #6 Penny Cryptocurrency 2020: Ren 5.7 #7 Penny Cryptocurrency 2020: Ravencoin (RVN) 5.8 #8 Penny Cryptocurrency 2020: Tron (TRX) 5.9 #9 Penny Cryptocurrency 2020: OmiseGO (OMG) 5.10 #10 Penny Cryptocurrency 2020: Ontology (ONT) 6 Final Words – Best Penny Cryptocurrency to invest 2020 What are Penny Cryptocurrencies? Best penny cryptocurrency 2020 A penny cryptocurrency is a digital currency that is trading under $1. Much like penny stocks, the penny cryptocurrencies are very cheap coins literally worth a few pennies. Penny cryptos are considered to be an alternative type of investment that can be classified into 4 categories: Mining-based cryptocurrencies Stablecoins (Check out here What Are Stablecoins And How Do They Work?) Security Tokens (Check out everything you need to know about Security Token Offerings) Utility Tokens Most penny cryptocurrencies are more volatile and they can be subject to price manipulation through the pump and dump schemes. However, not all penny cryptocurrencies are the same, they vary widely from each other. Moving on… We’re going to reveal 3 reasons to buy penny cryptocurrencies in 2020. See below: Why Invest in Penny Cryptocurrencies? If you’re still on the defensive and don’t know if you should buy penny cryptocurrencies let me shed some light. Here are 3 reasons why you need to invest in altcoins today: Altcoins offer high-risk reward ratios. Many of the penny cryptocurrencies are undervalued and along with the potential of mass adoption of the blockchain technology, we can expect the value of the altcoins to be higher in the foreseeable future Penny cryptocurrencies offer investment diversification. If you want your crypto portfolio to generate constant returns you need diversification. The cryptocurrency market crash amid the coronavirus outbreak wasn’t able to put to the ground every single coin. There are still coins that show positive return (see figure below). Penny cryptocurrencies offer passive income. Some of the best paying dividend cryptocurrencies trade under $1. Earning dividends from cryptocurrencies is the same as a stock dividend. By simply holding penny cryptos in your wallet or exchange, you can earn money. We hope you now see the value you can get from buying penny cryptocurrencies. The blockchain technology is here to stay and so are these altcoins. Now… Before we pick the best altcoins to invest in 2020, let’s discuss a set of principle you need to use before investing in penny cryptocurrencies. See Below: How to Select Penny Cryptocurrencies? In this section, we’re going to break down our checklist to select top penny cryptocurrencies. To start, using crypto trading signals will make it much easier to identify which coins are most likely to increase or decrease in value. It’s important to lay down some sort of a selection process so you don’t get lost with so many coins available to buy. Our team of experts has put together a list of 10 criteria to follow before you buy penny cryptocurrencies today: Cryptocurrency circulating supply between 10 million – 1 billion coins The market cap of at least $20 million Must be listed on the biggest cryptocurrency exchanges (Binance, BitMex, OKEx, Huobi Global, MXC, etc.) Remove penny cryptocurrency that has mined less 25% of their maximum supply Percentage gain in the last 7 days must be higher than 50% (you can view these metrics on Coinmarketcap) High liquidity – minimum $1 million 24 hour volume traded A strong presence on social media (Twitter, Facebook, Reddit and cryptocurrency forums) Experienced blockchain developers team Discount penny coins that trade near their all-time high The final step is to use technical analysis to find range-bound penny cryptocurrencies that trade at a psychological support level The only checklist that you need to know before buying penny cryptocurrencies in 2020 was used with success by our team of crypto experts. Moving on… Let’s examine which crypto exchanges offer altcoins and penny coins See below: Where Can I Buy Penny Cryptocurrencies? Like a Bitcoin exchange, there are cryptocurrency exchanges that specialize in offering digital currencies that trade under $1. The largest and biggest cryptocurrency exchange that offers penny coins is Binance. On Binance exchange, crypto fanatics can trade a vast selection of 685 coins with an average 24-hour trading volume of $3.9 billion. The complete list of the best cryptocurrency exchange for 2020 to buy and sell penny cryptocurrencies includes names like: HitBTC gives you access to over 827 penny coins and $650 million average daily volume. Hotbit gives you access to over 625 penny coins and $2.3 billion average daily volume. KuCoin gives you access to over 447 penny coins and $40 million average daily volume. OKEx gives you access to over 372 penny coins and $1.9 billion average daily volume. Bitfinex gives you access to over 277 penny coins and $93 million average daily volume. It’s almost impossible to buy penny cryptos directly with fiat money. Most penny cryptos are traded in exchange for BTC or in exchange for Ethereum. So, if you don’t own Bitcoins, you first need to purchase some BTC before you buy your favorite penny cryptocurrency. Also, be sure to read our tutorial on the best bitcoin trading strategy. Next… Are you looking for the cheapest altcoins? Only the altcoins with strong fundamentals will succeed and emerge as the winners from the COVID19 crash. While more money will flow back into Bitcoin and other safer coins, we believe the highest return on investment can be produced by these penny cryptocurrencies. Let’s outline what are the best penny cryptocurrency to invest 2020. See below: What are the Top 10 Penny Cryptocurrencies to Buy in 2020? Let’s distinguish between what are merely empty promises and what are the best penny cryptocurrency to invest in 2020. While we’re in a bear market due to the COVID-19 Coronavirus fears, professional crypto traders know that the best opportunities come in times of crisis. Now, you might be asking: What are the best altcoins to invest in 2020? If the cryptocurrency market will recover, these are the top 10 best penny cryptocurrency 2020. See below: #1 Penny Cryptocurrency 2020: Ripple XRP XRP Current Price: $0.18 Ripple XRP is also known as the most favorite cryptocurrency among global banks. The XRP payment system has been around since 2012 and it hit an all-time high back in January 2018 when it hit approximately $3.5. According to Coinmarketcap, Ripple is the world’s third most valuable cryptocurrency based on market cap. best penny cryptocurrency to invest in 2020 #2 Penny Cryptocurrency 2020: Stellar Lumens (XLM) Stellar XLM Current Price: $0.041 Stellar currently ranks as the world’s 13th most valuable cryptocurrency. XLM has great application in the sense that it helps people convert crypto to fiat currency. Stellar reached an all-time high of $0.83 in January 2018. best altcoins to invest in 2020 #3 Penny Cryptocurrency 2020: Basic Attention Token (BAT) BAT Current Price: $0.14 Basic Attention Token is another promising penny cryptocurrency that ranks in the 34th position based on market cap. Integrated with the Brave Browser and having behind a great team lead by the original developer of JavaScript and co-founder of Mozilla and Firefox, BAT has a bright future. BAT reached an all-time high of $0.88 back in January 2018. Best penny cryptocurrency 2020 #4 Penny Cryptocurrency 2020: Steem Steem Current Price: $0.18 Steem is one of the most active blockchains in the ecosystem with over 1 million active users. Steem is an APP that focuses on providing social media services and other types of communication services over the internet. Steem currently ranks at place 40 on Coinmarketcap. It reached an all-time high of $7.21 back in January 2018 (See crypto chart below). best penny cryptocurrency to invest in 2020 #5 Penny Cryptocurrency 2020: Enjin Coin (ENJ) Enjin Coin Current Price: $0.09 Enjin Coin is the 59 most valuable cryptocurrency worldwide. Enjin Coin landed one of the largest partnerships in cryptocurrency history with Samsung, one of the largest mobile phone companies in the world. ENJ also has a partnership with Unity the world’s most popular game engine, which is why any crypto portfolio should include this coin. ENJ all-time high was $0.44, so we’re not that far off from it. best altcoins to invest in 2020 #6 Penny Cryptocurrency 2020: Ren Ren Current Price: $0.051 Ren cryptocurrency has great potential to grow in the years ahead. Ren facilitates transactions between cryptocurrencies and tokens. Basically, you can transfer any coin or token between any blockchain. Ren all-time high of $0.18 was reached recently on August 2019. best cryptocurrency to invest in 2020 #7 Penny Cryptocurrency 2020: Ravencoin (RVN) Ravencoin Current Price: $0.015 Ravencoin has gained a lot of popularity due to its good mixture of both technical price action as well as good sets of fundamentals. According to Coinmarketcap, RVN ranks as the top 50 cryptocurrencies. Ravencoin reached its all-time high of $0.07 back in April 2019. up and coming cryptocurrency 2020 #8 Penny Cryptocurrency 2020: Tron (TRX) Tron Current Price: $0.011 Tron is another digital currency that is a good candidate to become a hit in the years to come. Tron has one of the largest online communities in the crypto space and an average daily volume close to 1 billion. TRX ranks as the 11th most valuable cryptocurrency and it reached its all-time high of $0.20 in January 2018. best cryptocurrency to invest in 2020 reddit #9 Penny Cryptocurrency 2020: OmiseGO (OMG) OmiseGo Current Price: $0.54 OmiseGO is another cheap cryptocurrency that you can buy today. With a limited circulating supply and an average daily volume bigger than OMG’s market cap, this coin has a true potential to increase multiple times in value. OmiseGO reached an all-time high of $25.49 back in January 2019. best cryptocurrency to invest in now #10 Penny Cryptocurrency 2020: Ontology (ONT) Ontology Current Price: $0.1 Ontology is another cheap cryptocurrency with huge potential in 2020 and beyond. ONT trades below its market cap value and this divergence can be the catalysts for the next surge in ONT price. Ontology cryptocurrency reached an all-time high of $9.91 in May 2018. next cryptocurrency to explode 2020 Final Words – Best Penny Cryptocurrency to invest 2020 In summary, you have solid reasons to search for the best penny cryptocurrencies to invest 2020. Penny cryptocurrencies can give you the opportunity to get exposure to innovative projects, diversification and last but not least the potential to make more than 100% return on your investment. In some cases, using crypto bots will make it significantly easier to automate your trades. There is no way anyone can predict with 100% certainty what the best altcoins to invest in 2020 are. However, we know from history that as cryptocurrency markets get bigger, it tends to multiply at lower rates over time. Also, many of the crypto names we have today will disappear in the coming years. So, don’t buy penny cryptocurrencies that are down 99% from their all-time high simply because they are at a discount. Many of those cryptocurrencies will never recover from those price levels. Risk Warning: This is not financial advice, everything outlined through this cryptocurrency guide is solely our personal opinions. Do your own research before making any investments.
HITBTC:XRPUSDLong
by Tradingstrategyguides
2
ETHUSD 1D TRIANGLE BREAKOUTSTriangles are repeatable trading chart patterns. Triangles 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 volume settings on the chart – 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.
COINBASE:ETHUSD
by Tradingstrategyguides
3
BTCUSD 4H HEIKEN ASHI REVERSAL STRATEGYn Japanese, Heiken Ashi means “Average Bar” and it represents the average-pace of prices. The Heiken Ashi candlestick chart can help you to spot both trading periods and ranging periods that you should avoid. There are two primary trade signals that we can identify through the Heiken Ashi candlestick: 1- Bullish candlesticks with no wicks or very small wicks indicate a strong uptrend and excellent buying opportunities. 2- Small candlestick characterized by a small body and big upper and lower wicks signal a potential reversal. Use strategy on all markets and time frames. Step #1: Identify a strong move to the upside. One of the simple ways that we can use the Heiken Ashi candlesticks is to trade reversal when the candles changed color. So, the first thing we’re going to look for a bullish trend or a strong move to the upside. Note* The Heiken Ashi chart tends to give much more extended and smoother runs of bullish and bearish price candles which is because of how the calculation is used to average out the range of the bar. Step #2: Wait for the Heiken Ashi bar to change color from bullish (green) to bearish (red) The first sign that the price is about to turn lower is when we see a red Heiken Ashi candle. In order for the Heiken Ashi bars to change color, there must to be a strong shift in the order flow and this typically translates into a much more reliable signal than we get when typical price candle change color on a normal price chart. The way we look to use this feature is simply to implement traditional technical analysis to locate potential reversal zones with the Heiken Ashi chart. We use the price action reading skills as a filter to identify a potential trade and then we use the Heiken Ashi chart as the confirmation to go ahead and execute the trade. Step #3: The first bearish Heiken Ashi candle needs to have a bigger than average lower wick Long lower wicks can provide an incredible trading signal, especially when using the Heiken Ashi price chart. You can also wait until you see a bearish Heiken Ashi candle with no upper wick. However, this second approach will cost you some profits left on the table. The Heiken Ashi trading strategy satisfies all the trading conditions, which mean that we can move forward and outline what the trigger condition for our entry strategy. Step #4: Sell at the market at the opening of the next Heiken Ashi candle Our entry method is very simple. This is a bullish reversal setup, so we’re looking for buying opportunities once everything is in the right place. Now we can anticipate that a reversal is put in place, and we can go ahead and buy EUR/USD at the opening of the next Heiken Ashi candle. Step #5: Hide your protective Stop Loss above the first bearish candle high. One of the really fantastic things about Heiken Ashi candles and what makes them so great for trading is how we can use them to place our protective stop loss. Because of the tendency of the candles to display continuation, we can go ahead and be really tight with our stops. We can simply place our stop loss above the signal candle high. Step #6: Take profit after we get a close above a previous bearish candle. A good Heiken Ashi trade setup will tend to run for much longer than a usual price action setup. So, when we’re trading with Heiken Ashi candles, we really want to exploit this and keep our trades open for longer than we usually would. Because we’re using such a tight stop loss, we’re only going to need a small price movement to make a good profit on this trade. Note** the above was an example of a SELL trade using our Heiken Ashi trading system PDF . Use the same rules for a BUY trade – but in reverse. PM me if you want to read the complete strategy.
GEMINI:BTCUSDShort
by Tradingstrategyguides
4
CADCHF 1D LONG TRIANGLE BREAKOUTAscending Triangle are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. 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.
Long
by Tradingstrategyguides
3
EURJPY 4H TRIANGLE BREAKOUT TRADESTriangles are repeatable trading chart patterns. Triangles 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 volume settings on the chart – 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.
by Tradingstrategyguides
1
USDJPY 4H SAR/MA PULLBACK STRATEGYPrice previous Bearish SAR MA Setup. 1 - SAR above price showing Bearish move. 2 - Green 20 SMA crosses below Red 40 SMA confirming Bearish move. Now price shows a Bullish Pullback with SAR below the price. Showing Bullish pullback. Waiting for a Bearish continuation move. MA already crossed over showing Bearish bias ENTER WHEN: SAR closes above price. TP when SAR closes below price. Find your own SL. Rule #1- Apply Parabolic SAR system and Moving Average indicators to chart. Rule #2- The Parabolic SAR Indicator must change to be above price candle. Notice how the dots were below the price. The parabolic stop and reversal (SAR) formula showed us that the price stalled out for a few hours and then we are waiting for the dot to appear above the candle. This is a sign that a reversal may be forming. Rule #3- Another element that must occur is the moving averages must cross over. In a short trade, the 20 period moving average will cross and go below the 40 periods moving average. So now the 20 period moving average is below the 40 period moving average. However, something occurred that is notable. The dot then appeared below the price candle. Since the moving averages are telling us that a downtrend is most likely going to occur, we will wait until the dot appears again above price candle to validate this reversal and enter a trade. Rule #4- Parabolic SAR dot must be above price candle AND moving averages cross to where the 20 period MA is below the 40 period MA. Note** One of these elements may occur before the other. The reversal dot can appear before the MA lines cross. Or the Moving averages can cross before the reversal candle. As long as there are both elements, the entry criteria are met. Rule #5- Enter The Next Price Candle… Enter (SELL) the very next price candle after the dot appears above the candle. Waiting for one candle after makes sense because this proves to us that this reversal is strong. The moving averages are supporting the downtrend + the dot is signifying a downtrend. Rule #6- Stop loss / Take Profit The stop loss you will place 30-50 pips away from your entry. Always look for prior resistance or support to determine a stop loss. In our example, a stop loss was placed 40 pips from entry. Your exit criteria are when the 20 and 40-period lines cross over again. OR when the dot reverses appears at the bottom of the candle. This trade would have been a +203 pip profit using the MA cross exit approach. Not too bad. Some will get out of the trade when the dot appears below the price candle. If that was the case, in this example, you would have got +32 pips instead. Still not bad, but +203 pips sounds a lot better. So basically you can use either exit strategy. This trade the downtrend was very strong so we stayed in until the MA lines cross. Determine where you are in a trade. If you are up +100 pips and the dot changes to reversal consider getting out then and taking your profit. Note** Scalpers should not be using a 30 to 50 pip stop with this strategy. Consider your rules and adjust accordingly. A 5-10 pip stop may be more appropriate on that low of a time frame. Rules for Long Entry. Rule #1- Apply indicators to chart Rule #2- Dot must change to be below price candle. This is a sign that a reversal may be happening. Rule #3– Another element that must occur is the moving averages must cross over. In a long trade, the 40 period moving average will cross and go below the 20 period moving average. Rule #4- Dot must be below price candle AND moving averages cross to where 20 period MA is above 40 period MA. Note** One of these elements may occur before the other. The reversal dot can appear before the MA lines cross. Or the Moving averages can cross before the reversal candle. As long as we have both elements the entry criteria is met. Rule #5- Enter Next Price Candle. Enter the very next price candle after the dot appears below candle + MA lines cross and 20 period MA is above 40 period. Rule #6- Stop loss / Take Profit The stop loss you will place 30-50 pips away from your entry. Always look for prior resistance or support to determine a stop loss.
Short
by Tradingstrategyguides
2