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ETHUSD 1H STE PULSE STRATEGY INDICATOR FOUND TRADE SETUPPRICE IS INSIDE A TRIANGLE CANDLE PATTERN STE PULSE STRATEGY INDICATOR HAS FOUND A BREAKOUT SETUP AS PRICE DECIDES DIRECTION THE STE PULSE BARS WILL CONFIRM IF PRICE BREAKS BULLISH STE PULSE BARS WILL CHANGE BRIGHT GREEN IF PRICE BREAKS BEARISH STE PULS BARS WILL CHANGE BRIGHT RED Take Profits are found from previous Sup/Res levels I will find an appropriate SL You can trade with the Strike Trader Elite Trading Strategy at a near 70% win rate. There are times where this may not be the case. This 70% win rate could be a result of you using strike trader elite signals AND using price action trading skills. Ever trader is different and will get different results. The strike trader elite system is a momentum-based strategy that relies on statistics. The good thing about our trading strategy is that we took the time to automate the whole process. However, the momentum-based indicator can be used as a standalone indicator and you can easily incorporate it in your trading strategy. PM me if you have any questions I can help you with about this great strategy indicator
BITFINEX:ETHUSD
by Tradingstrategyguides
8
EURUSD 15M CHANNEL TRADESWe are looking at the EURUSD pair on a 15m chart. Price currently is in an ascending channel pattern Several failed attempts have been made to breakout of the channel pattern While preparing this post we had a bullish breakout of the channel top that failed. If price attempts a second retest of the bullish channel top breakout watch for a completed bullish break-hook-go pattern above the fractal high resistance level of 1.1486 to enter long with a TP at the -27.2% fib level We are waiting for a completed bearish break-hook-go pattern to enter short We are currently in the hook portion of that pattern Short trade 1st entry inside below channel top As price falls to the center of the channel it will come to the 50 ema. Take 1/2 profit off 1st short trade Price may bounce long off the 50 ema to return to the top of channel You could enter long trade with tight SL - follow bullish break-hook-go pattern rules If you go long then close 1st short trade If price breaks below 50 ema Enter 2nd short trade on completion of a bearish break-hook-go pattern below the 50 ema As price falls to bottom of channel take 1/2 profit off 2nd short trade Price may bounce off bottom of channel which also has the 50% fib level as support If price fails to break channel bottom and completes a bullish break-hook-go pattern Enter long trade after a candle close above the 38.2% level Close both short trades if you do this If price breaks below channel bottom and 50% fib level then Enter 3rd short trade after completion of bearish break-hook-go pattern Final TP zone will be by the 800 sma and the fractl low that we started of fib line from Find your own SL I will be adjusting my stop loss as price breaks significant levels to 1 or 2 candles behind the current price candle
by Tradingstrategyguides
GBPAUD 1H SHOOTING STAR CANDLE STRATEGYStep #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 bearish trend The location or in other words, where the shooting star candlestick develops matters a lot. This whole ingredient is what makes the bullish shooting star candle performs with such a high degree of accuracy. We need a strong downtrend that has two important features: The first part of the trend is a slow and steady move to the downside 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 bottom where the bears are exhausted and reach a climax point. Step #3: The CMF indicator must be above the 0 line once the bullish 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 above the zero line shows that the buyers have the upper hand and they took control of the market. Notice that the bullish shooting star spotted satisfies all the requirements of a bullish inverted hammer. The shadows are at least two times longer than the body; small body; and very little upper shadow. This candle would have been more powerful if the closing price is above 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 bullish shooting star candlestick. Step #4: Buy once we break the high of the Shooting Star Candle Simply, place a buy stop order above the high of the shooting star. Nothing complicated about our entry strategy. It’s in line with the textbook rule. Step #5: Hide SL below the low of the Shooting Star Candle. Simply hide your protective SL below the low of the shooting star pattern. You can add a buffer of a few pips if you wish to protect against possible false breakouts. Step 6: TP when we get inside the slow part of the prevailing trend or you choose your TP strategy. The full-blown bottom creates the necessary space where the bulls 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. Reverse strategy for a Bearish Shooting Star Strategy.
Long
by Tradingstrategyguides
4
ORB Nr4 CANDLESTICK PRICE ACTION DAILY STRATEGYStep #1 How to Identify the ORB Nr4 The ORB pattern is defined as a trade taken at a fixed value of the opening range. The Opening range Breakout trade is more effective if taken after an inside day that has its daily range smaller than the previous 3 days, which is where the Nr4 stands for. You have three candles followed by another candle with a daily range narrower than the previous three days. Note #1: The 4th day doesn’t necessarily need to be an inside day, it only needs to have its daily range smaller than the previous 3 days. However, inside days tend to produce a higher success rate. The ORB Nr4 pattern can be the best candlestick patterns for intraday trading too. You simply have to apply the same rules outline in this guide on your favorite intraday chart What if we told you that, 40% of the time the first trading hour can tell you what is the high and the low of the day. Our candlestick patterns strategy incorporates this price behavior so you can better manage your risk and set your targets. Basically, you can become a proficient trader. Like with all our trading strategies we’re going to give you first the trading rules by going through an actual live trade example that uses the best candlestick patterns mentioned through this PDF guide. Step #2: Identify the best candlestick patterns and mark the high and the low of the 4th candle When you search for the ORB Nr4 candlestick chart pattern keep in mind two things: The Daily range of the 4th candle needs to be narrow and smaller than the previous 3 candles. The 4th candle price range also needs to be inside the candle number 3. The ORB Nr4 pattern in the chart above is a bullish candlestick patterns because it leads to a bullish move. Narrow daily trading ranges suggest contraction. And contraction always leads to expansion. This is kind of a general rule because the markets do move from periods of contractions to periods of expansion. This is the reason why this ORB Nr4 candlestick pattern is so powerful. Step #3: Switch to 1h TF and Buy if we break the high, Sell if we break the low of the Nr4 candle. Our trade is taken the next day after the Nr4 pattern showed up. In order to have a clear view of the short-term price action we need to switch our focus to the 1 hour time frame. Note #2: Only Buy or Sell if the breakout happens during the first 5 hours of the new trading day. We use the Opening Range Breakout technique to time the market and have an effective trade entry. Trades based on the ORB – Nr4 candlestick chart pattern will show you a profit instantly. Now, if the trade is not showing you a profit right away than your trade becomes more vulnerable. As a general rule, if after the first trading hour your trade is not in the green, you can safely close the trade at the market. Of course, you can only do that if your stop loss hasn’t been triggered in the meantime. Step #4: Place SL below NR4 day low, Step #5: Take profit using a trailing SL below each 1h candle low/high For buy trades, hide your stop loss below Nr4 day low. The ORB – Nr4 pattern tends to precede strong trend day activity, so your stop loss should be rarely hit. Our take profit strategy is fairly easy and it’s slightly modified from the original strategy highlighted in the “Day Trading with Short Term Price Patterns and Opening Range Breakout” book written by Toby Crabel. Even though the ORB nr4 pattern tends to lead to trend trading days we’re more conservative and want to quickly take profits. We would trail our SL below each 1h candle low and wait for the market to reverse to take profits.
Long
by Tradingstrategyguides
AUDCAD 30M RENKO TRADING STRATEGY #2Renko Trading Strategy #2 Another profitable Renko strategy you can use is to focus only on the bricks. No additional technical tool is required for this system. We’re going to explore a very simple and yet very powerful Renko chart pattern that incorporates the wicks. This Renko price pattern looks for two consecutive bricks of the same color and both bricks have wicks. The location of this Renko pattern doesn’t really matter. It can be at the end of a trend or it can be in the middle of the trend. This pattern has a very high rate of success if traded in the right context. You have to look around this two brick pattern and make sure the blocks are not moving back and forth within a trading range. If that’s not the case then you have a green light to take the signal generate by this trade setup.
Long
by Tradingstrategyguides
RENKO TRADING STRATEGY 1 AUDCAD 4HRenko Trading Strategy #1 For this Renko trading strategy we only need to use the RSI indicator. We like to use a 20-period RSI indicator. So, the period is the same as the ATR Renko brick size. After we spot the momentum divergence an entry signal is triggered once we get a reversal. On the Renko chart, a trend reversal is set in motion once the brick changes color. In this case, when we spot a bearish divergence, enter a short position after the brick turns red. For bearish divergence, wait for the brick to turn red. We exit our profitable trade once another reversal pattern is formed in the opposite direction of our trade. As a method to protect our account balance and not lose too much, you can place your SL above and below the swing point developed after your entry. A lot of the noise inherent in regular time based charts is eradicated. So, if you trade with Renko charts, spotting divergence and trend reversals is a lot easier. The RSI is the best indicator to use with Renko. PM me if you would like to read the complete pdf of this profitable renko trading strategy.
Short
by Tradingstrategyguides
HOW TO TRADE AN EMA STRATEGY ON THE EURAUD 4HStep #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. Now, we’re set to go a look more closely to the price structure. This brings us to the next step of the strategy. Step #2: Wait for the EMA crossover and for the price to trade BELOW the 20 and 50 EMA . The second rule of this moving average strategy is the need for the price to trade BELOW 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 SELL trade when the 20-EMA crosses BELOW 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 bearish sentiment is strong enough to push the price further after we sell 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 once since the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50. After the EMA crossover happened, then look for selling opportunities. The conviction behind this moving average strategy relies on multiple factors. After the EMA crossover happened, we need to exercise more patience. 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 sell. This brings us to the next step of the strategy. Step #4: Sell at the market when we retest the zone between 20 and 50 EMA for the first time. We go ahead and sell at the market price. We now have enough evidence that the bearish momentum is strong to continue pushing this market lower. 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 Loss 20 pips above the 50 EMA After the EMA crossover happened, and after we had two successive retests, we know the trend is down. As long as we trade below both exponential moving averages the trend remains intact. In this regard, we place our protective stop loss 20 pips above 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: Take Profit once we break and close above the 50-EMA or you determine the TP strategy 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. Note** The above was an example of a SELL trade. However, because the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50. After the EMA crossover happened.Use the same rules – but in reverse – for a BUY trade except wait for 2 retest of 20/50 ema zone then enter on the 3rd retest. The two successful retest of the zone between 20 and 50 EMA gives the market enough time to develop a trend.
Short
by Tradingstrategyguides
GBPNZD DAY BEST LUCKY STAR DOJI STRATEGYTrading Doji candlestick as a stand-alone trigger signal is a bad idea. Price usually whipsaws around doji. Note #1: In technical analysis, the Doji candle is a neutral pattern if it’s used as a stand-alone candlestick. However, if the Doji candle it’s used in conjunction with the preceding price, we can establish a bullish or bearish bias. A whipsaw pattern involves price moving chaotically above and below a certain key support and resistance level. Whipsaw patterns are also referred to as false breakouts. We have developed our Japanese Doji trading strategy around this price feature. Step #1: For short trades we need a steady move downward, below the 14 –day MA Even though most traders used this Japanese candlestick pattern as a reversal pattern, we have found out through some testing that the Doji candle performs best as a continuation pattern. So the first step we need to undertake is to determine the trend direction. When we see the price moving steady downwards below the 14-day MA we have enough reasons to believe a downtrend is in progress. Step #2: Look for a Doji Candlestick to develop near the 14-day MA and inside the previous candle price range. Next, there are two more conditions that need to be satisfied for a valid trade setup. The first thing to consider is the location of the candlestick setup. We need the Doji candle to develop near the 14-period MA. Secondly, we need the Doji candle to be contained inside the price range of the previous pattern. Basically, this will lead to the formation of another pattern called an inside bar. So, we have a pattern within a pattern. Step #3: Whipsaw pattern: Look for a false breakout above the previous two-bar pattern. Go short once we recover and break below the Doji candle opening price Now, we’re going to bring to light how we use the whipsaw pattern to our advantage. The Doji candles are very well-known candlestick patterns for producing a lot of false breakouts. We also know that a break of a level against the prevailing trend has fewer chances to success. So, by putting all these pieces of the puzzle together we were able to develop one of the best Doji strategies, which eliminate the scenario where your stop loss is prematurely triggered. After the false breakout, we wait for the price to recover and we only sell once we get price breakouts the bearish Doji candle opening price. Note #2: We want everything to happen within the first candle after the Doji bar. So the false breakout and our entry should be immediately on the next bar following the Doji candlestick. Let’s now determine an appropriate place to hide our protective stop loss and a proper way to exit our trade. Step #4: Place protective SL above the current daily candle high. Take profit once we break below the inside bar pattern or a support level. We aren’t going to stay in this trade for a very long period of time. That’s the reason why we exit our profitable trade once we break below the inside bar pattern or nearest sup/res. When it comes to placing our protective stop loss, we can hide it above the high of the candle that triggered our entry. Long trade is just opposite setups.
Short
by Tradingstrategyguides