Tradingstrategyguides
CAN A MA HELP YOU TO DETERMINE IF PRICE CONTINUES OR REVERSESWill Price Continue or Reverse
Possible Expectation of Price and a Moving Average
If less than 30 bars since price has been on the opposite
side of MA - expect range behavior not continuation
If more than 30 bars expect price to continue in 1 direction
DAY TRADING MOMENTUM BURST with WILLIAMS %R INDICATORWilliams Percentage Range Strategy
The trading rules for the Williams Percent Range strategy will be outlined in this section.
When day trading you need to eradicate all the uncertainty around your decision making process. This is why we have developed the Williams percent range strategy, a based-rule system, that can get you trade from a place of personal power.
The benefit of our day trading system is that it can be used with any market in the world. The profit potential is endless.
Strategy #2: Day trading Momentum Burst with Williams %R Indicator
As an alternative of using the Williams percent r to identify overbought and oversold market readings, we have developed a way to catch those moments of momentum bursts that you can see on your charts every single day.
Momentum trading can offer you instant gratification and the Williams %R trading strategy can help you satisfy those financial urges.
Let’s get into how momentum trading works using the Williams %R indicator.
Step #1: Add Williams %R Indicator to chart
Note: Make sure you use a 10 periods for the Williams percent range oscillator.
Step #2: Draw a line at the -50 level on the Williams percent R indicator
The momentum strategy is developed around the -50 level.
For visual representation and to better and faster identify the potential trade signals we add a line at the -50 level. The -50 level is the middle of the Williams percent range oscillator range. When the %R indicator crosses the -50 level, it signals a change in the momentum.
We have also changed the oversold and overbought readings to -90 respectively -10.
Let’s now define what we need to see before pulling the trigger on a trade.
Step #3: Buy once the Oscillator moves from oversold reading and crosses the -50 level
There are two conditions that need to be satisfied before confidently buying.
First, we need to see the %R oscillator in oversold territory. We consider a market oversold if it shows a reading below the -90 level.
Secondly, we need to see the oscillator moving away from oversold territory and cross the -50 level from beneath.
This shift in momentum indicates that we can start looking for trade opportunities in the direction the oscillator crossed the -50 level. In our case we’re looking to buy right away once the momentum oscillator breaks above the -50 level.
Step #4 & #5: Find your own SL & TP
USDJPY 4H SHORT TRADEPrice has held high for 20 bars without progressing the bullish trend
Bearish bias because Macd crossed below Red signal line heading towards zero line
Short Trade
Sell Stop @ 111.95
1st Sell TP @ 111.65
2nd Sell TP @ 111.30
3rd Sell TP @ 111.03
Find your SL
Close trade if Macd crosses above Red signal line
LOOK FOR CRUDE OIL TO TAKE A SLIDEAscending Triangle Trendline breakout
Blue Sup/Res lines found on weekly chart
On Day chart find fib lines and triangle
Price consolidated sideways at Weekly S/R zone and 61.8% fib
Price has curved downward
Wait for price to fall to bottom Trendline
There price will either bounce up once again or breakout bottom trendline
Wait for a candle to close below trendline
Wait for volume bars to increase
Wait for ATR value to increase
Choose your own entry strategy - (poss 15m/30m break-hook-go pattern)
Find your own SL
ETHUSD 1H DESCENDING TRIANGLE CHART PATTERNThe descending triangle pattern is a continuation chart pattern that develops in the middle of a downtrend. However, in some instances this can play as a descending triangle reversal, also known as the bullish descending triangle pattern.
Note: The more a support level is tested the weaker it becomes.
Additionally, the breakout candle must also produce a close below the flat support level for a valid trade setup.
XRPUSD 1H STE BAR COLOR BULLISH CONTINUATION TRADEPrice had a previous bullish trend
Price took a break with a bearish pullback
STE Pulse bars showed a dark green color during this pullback
STE Pulse bars came to the zwero line which is a decision point for price
Price could continue it bearish move
Then the STE bars would cross below the zero line and become a bright red color
OR
Price could bounce off the zero line up
Bullish continuation would make the STE bars a bright green color
Buy Take Profit would be a re-test of previous high
Find your own SL
ETHUSD 1D BIG 3 BULLISH CONTINUATIONAt the beginning of this Bullish trend
Big 3 Indicator showed entry point and TP/SL levels
Now price has been making higher highs and higher lows
The green colored big 3 indicator signal shows bullish continuation.
Sup/Res levels are being used for take profits.
Long Re-entry trade
Buy Stop @ 183.00
1st Buy Take Profit @ 196.56
2nd Buy Take profit @ 220.84
Find your own SL to trail profits
USDCAD 4H LONG TRADESPair is in a range
Price bounced off bottom
Price may move through range and retest top of range
Long Trade
Buy Limit @ 1.3338
Buy Stop @ 1.3353
1st Buy Take Profit @ 1.3370
2nd Take profit @ 1.3399
3rd Buy Take Profit @ 1.3438
SL 10 pips below range bottom
Watch Macd for direction
Void trade if range bottom is broken
ETHUSD 15M SHOOTING STAR CANDLE TRADING STRATEGYShooting Star Candle Strategy
The shooting star candle strategy is a very simple but very effective methodology to trade the financial markets. You can trade stocks, Forex, currencies, commodities, futures and even cryptocurrencies across various time frames.
The kinds of trade setup we’re going to propose through this reversal trading strategy have an astonishing high rate of success. However, the only downside is that they will only show up on your Forex candlestick chart once in a while.
Let’s get started and get our feet wet.
Step #1: Attach the Chaikin Money Flow Indicator on your Preferred Time Frame
Start first by preparing your charts ready for the battle. Simply attach the Chaikin Money Flow indicator on your favorite time frame. This is the only additional technical tool we’re going to use to confirm the validity of the bearish shooting star pattern.
Using the CMF indicator we accomplish one major thing.
The validity of the bearish shooting star will be confirmed or invalidate instantly as soon as the bearish inverted hammer develops on our Bitcoin candlestick chart. This means that the price won’t move any further from the ideal entry price.
Step #2: The Shooting Star Candle should come after a strong bullish trend
The location or in other words, where the shooting star candlestick develops matters a lot.
This whole ingredient is what makes the bearish shooting star candle performs with such a high degree of accuracy. We need a strong uptrend that has two important features:
The first part of the trend is a slow and steady move to the upside
The last part of the uptrend, prior to the shooting star candle, needs to be more volatile.
Basically, we’re looking for a full-blown market top where the bulls are exhausted and reach a climax point.
Step #3: The CMF indicator must be below the 0 line once the bearish shooting star candle develops
The Chaikin Money Flow is a great tool to read and measure institutional accumulation-distribution activity in any market. Basically, a CMF reading below the zero line shows that the sellers have the upper hand and they took control of the market.
Notice that the bearish shooting star spotted satisfies all the requirements of a bearish inverted hammer. The shadows are at least two times longer than the body; small body; and very little lower shadow. This candle would have been more powerful if the closing price is below the opening price.
But it’s still a good pattern to trade due to all the other features.
Now, it’s time to highlight how to find the right entry point for bearish shooting star candlestick.
Step #4: Sell once we break the low of the Shooting Star Candle
Simply, place a limit sell order below the low of the shooting star. Nothing complicated about our entry strategy. It’s in line with the textbook rule.
Step #5: Hide SL above the high of the Shooting Star Candle.
Simply hide your protective SL above the high of the shooting star pattern. You can add a buffer of a few pips if you wish to protect against possible false breakouts.
The full-blown top creates the necessary space where the bears would find no level of support to stop the drop. The last stage of a trend has been always more volatile. And, when combined with the reversal shooting star pattern, it makes for a killer trading strategy.
Step 6 TP when we get inside the slow part of the prevailing trend.
EURJPY 4H MA TRADESPrice is in between the 50 sma and the 100 sma
Short Trade
If price drops below the 50 sma in less than 8 bars
Then Sell Stop @124.49
Sell Take Profit @ 124.00
Long Trade
If Price stays above the 50 sma for over 10 bars
Then Buy Stop @ 124.95
Buy Take Profit @ 125.30
SL 20 pips below or above 50 sma
depending of a sell or buy
Watch Macd for direction
Possible AUD/CHF Short position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe 4 - 16hrs
Actions on -
A – Activating Event
Market will meet resistance in zone @0.711 - .... and fall to the 0.705. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 0.705
FX:AUDCHF
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.705
Target 2 @ ....
Risk/Reward @ 2.5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
ETHUSD 4H EMA TRADING STRATEGYStep #1: Plot on your chart the 20 and 50 EMA
The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA.
Most standard trading platform come with default moving average indicators. It should not be a problem to locate the EMA either on your MT4 platform or Tradingview.
Step #2: Wait for the EMA crossover and for the price to trade above the 20 and 50 EMA.
The second rule of this moving average strategy is the need for the price to trade above both 20 and 50 EMA. Secondly, we need to wait for the EMA crossover, which will add weight to the bullish case.
We refer to the EMA crossover for a buy trade when the 50-EMA crosses above the 50-EMA.
By looking at the EMA crossover, we create an automatic buy and sell signals.
Since the market is prone to false breakouts, we need more evidence than a simple EMA crossover. At this stage, we don’t know if the bullish sentiment is strong enough to push the price further after we buy to make a profit.
To avoid the false breakout, we added a new confluence to support our view. This brings us to the next step of the strategy.
Step #3: Wait for the zone between 20 and 50 EMA to be tested at least twice, then look for buying opportunities.
The conviction behind this moving average strategy relies on multiple factors. After the EMA crossover happened, we need to exercise more patience. We will wait for two successive and successful retests of the zone between the 20 and 50 EMA.
The two successful retest of the zone between 20 and 50 EMA gives the market enough time to develop a trend.
Never forget that no price is too high to buy in trading. And no price is too low to sell.
Note* When we refer to the “zone between 20 and 50EMA,” we actually don’t mean that the price needs to trade in the space between the two moving averages.
We just wanted to cover the whole price spectrum between the two EMAs. This is because the price will only briefly touch the shorter moving average (20-EMA). But this is still a successful retest.
Now, we still need to define where exactly we are going to buy. This brings us to the next step of the strategy.
Step #4: Buy at the market when we retest the zone between 20 and 50 EMA for the third time.
If the price successfully retests the zone between 20 and 50 EMA for the third time, we go ahead and buy at the market price. We now have enough evidence that the bullish momentum is strong to continue pushing this market higher.
Now, we still need to define where to place our protective stop loss and where to take profits. This brings us to the next step of the strategy.
Step #5: Place the protective Stop Los 20 pips below the 50 EMA
After the EMA crossover happened, and after we had two successive retests, we know the trend is up. As long as we trade above both exponential moving averages the trend remains intact.
In this regard, we place our protective stop loss 20 pips below the 50 EMA. We added a buffer of 20 pips because we understand we’re not living in a perfect world. The market is prone to do false breakouts.
The last part of our EMA strategy is the exit strategy. It is based again on the exponential moving average.
Step #6: You decide or Take Profit once we break and close below the 50-EMA
In this particular case, we don't use the same exit technique as our entry technique, which was based on the EMA crossover.
If we waited for the EMA crossover to happen on the other side, we would have given back some of the potential profits. We need to consider the fact that the exponential moving averages are a lagging indicator.
The exponential moving average formula used to plot our EMAs allow us to still take profits right at the time the market is about to reverse.
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BTCUSD just made the single biggest move in Cryptocurrency surging to $30,000 in just 1 minute on April 1st, 2019.
Traders all around the globe who were hodling their bitcoin knew this day would come.
Some say its a miracle, others say its was rigged, while most boasted that this is what their analysis showed.
Please spread to the world to all your crypto friend haters!
Stay safe today!
Team @ Trading Strategy Guides
P.S. Do I really need to say it? April Fools all, have a great day ;)
ETHUSD 1H KELTNER BREAKOUT OR RANGE TRADE COMING?Look at current previous Keltner posts for breakout and range trading rules
Keltner Channel is flattening out
Breakout could be Bullish or Bearish
Range trade - check 9 post ago - "Know what to look for in a Range Pattern"
Leave your comments below what strategy your will use for this breakout or range trading setup.
TRADING BREAKOUTS WITH KELTNER CHANNELTrading Breakouts with Keltner Channel
When it comes to breakout trading, 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 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, and ADX reading above the 20 level is considered to be the beginning of a bullish/bearish trend. Any reading below 20 signals 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 need 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.
TRADING PULLBACKS WITH KELTNER CHANNELTrading 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 the band, we have a case for a strong trending market.
In the chart below we’ve highlighted small retracements while the price hugs the upper Keltner band. Notice that the price 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 remains 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 an oversold territory.