Trend-continuation
AUDUSD 4H AROON PULLBACKS & TREND TRADING STRATEGY#3 Aroon Pullback & Trend Trading Strategy
The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen:
To expect a trend reversal
Or, to expect a pullback
The Aroon interpretation of this type of reading suggests that we’ve been forming these higher highs for a very long period of time. For Aroon-Down we would be forming lower lows.
Often times these excessive readings on the Aroon oscillator signals the presence of a strong trend. However, if you’re looking to just scalp the market, you can exit your trade as soon as the Aroon-Up crosses below the centerline.
But, we’re looking to trade with the trend.
And, we have developed a proven way to differentiate between a pullback and a full reversal.
We call it the law of effort vs. result.
The effort is the activity measured by the Aroon lines (in our case Aroon-Up). And, the result is the activity measured by the price action. The theory is that if the Aroon-UP resets itself by moving away from the 100 readings and going to 0 readings, the price should follow the lead of the Aroon-Up reading.
We would expect the effort put to translate into lower prices. If it does not, and we see only a slight change in the price, we know the uptrend is very strong.
This is how you can catch pullbacks with Aroon and trend trading.
We combined the Aroon trend strength strategy and Aroon pullback trading strategy into one big market edge.
EURUSD 4H AROON TREND STRENGTH STRATEGY#2 Aroon Trend Strength Strategy
The underlying strength of the trend can be revealed through the Aroon lines.
After we reach the 100 level sometimes we’re starting to get periods of little changes.
The Aroon UP will simply hang, kind of like reaching a plateau.
This is the same kind of activity that can be found when a traditional oscillator reaches overbought readings. And, it stays in overbought reading for a good amount of time.
The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen:
To expect a trend reversal
Or, to expect a pullback
AUDCAD - LONG TERM CONTINUATION - SHORT TRADEAUDCAD Multi timeframe analysis.
This is a short trade taking the WEEKLY downtrend as my bias using the Daily all the way down to the One Minute to pinpoint my entry.
1. Weekly Downtrend Continuation
2. Price at the Gartley Pattern with perfect ratios
3. Price has spiked out of every ADR channel at the high from the Daily - One Minute
4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case
5. Enter Trade
PT1/T1: Potential Target 1 is the lower ADR channel band on the Daily timeframe (Exact price level will change over time depending on how fast price reaches it)
T1/PT2: Potential Target 2 is the lower ADR channel band on the Weekly timeframe, used to build a basket of trend positions (Exact price level will change over time depending on how fast price reaches it)
If AUDCAD pushes lower like my analysis STRONGLY suggests and how Friday closing suggests; AUDCAD will could provide a good move of over 200 Pips.
Good things come to those who wait: A case for retracements (UJ)Hello Traders
Dollar yen has been on a rather violent bullish action the past two days after about six days of consolidation.
Highlighted the major trend line that was broken on the hourly.
My case is to wait on the retracement to take place back to 112.500 and trade the retest from the upside of the trend line.
If price continuous without revisiting that price then we won't be boarding upon this one.
Trade safe, Trade well.
EURUSD TRYING TO FIND SUPPORTOne more tactical trading Tuesday for your consideration:
We are back once again to that 1.15333 level after a major capitulation for euro.
Looking to go long again at this very crucial support zone as the buyers are jumping back in.
There are wicks going as low as 1.1505 but this is only corrective movement not to be confused with the overall uptrend.
Once 1.1500 is broken consider this trade idea invalid (as the sl suggests).
Trade safe, Trade well
EURCHF trend continuationbased on price action
this is a trend continuation kind of trade. I am expecting the D to hit the resisstance indicated above though it may take till tomorrow. My stops are based on the 15 mins. I don’t expect a pull back below the 13580 area, however, I expect a number of pull back along the way. my best entry would have been 13670
EURCAD ShortTraders,
Got the pro feature for some extra detailed analyses for you, to explain my reasons for entry better.
Everything is in the chart for a nice short opportunity on EURCAD.
Potential entries if my rules are met at 1.56200
SL: 1.58156
T1: 1.51860
T2: 1.49166
Best regards
Follow me on:
Twitter: twitter.com
Stocktwits: stocktwits.com
AUDJPY trend continuation cypherTraders,
A nice looking bearish cypher formation completed.
AUDJPY is bearish (D TF) so we can use this cypher for a trend continuation trade.
Looking for a LLLC to enter.
T1 at .618 of CD leg
T2 at previous lows (C point of this pattern)
Best regards,
Have a great weekend! :)
Twitter: twitter.com
StockTwits: stocktwits.com
btc closes below 50MA on 4hr but dives down to catch next candleI'm a switching from long to neutral on this one....not short yet because even though we dipped below the 50ma , which kept us from getting 5 consecutive candles closing above the 4hr buy/sell line, the 50 ma dipped down to catch the next candle and the current candle is still above it as I type this so it is at least currently maintaining support, we got a nice bull boost on the new candle too...most likely because megawhale aabtc just woke up from his nap :P but we can now see that we are forming a descending triangle in an uptrend which has potential to have a bullish breakout since descending triangles are typically trend continuations . I have highlighted the triangle here in purple...for now I am neutral but will likely flip back to long should this continuation pattern do what it typically would in an uptrend. Keep an eye on the apex and look for a boost in bullish volume on this one...probability favors a break upward. . .. but be prepared for a break to the downside as well.
CHFJPY - 2 Harmonic trend continuation opportunities Hello traders,
2 nice harmonic patterns on CHFJPY 0.11% to hop in the trend.
Reason for entry:
Price broke a major support level on the daily TF. That gives me a reason to short any harmonic move's into the previous outside return.
Pattern 1 (blue) - Potential Cypher:
Entry: 113,882
SL: 114,577
T: 111,501
Pattern 2 (pink) - Potential Gartley:
Entry: 113,057
SL: 113,595
T: 111,501
Lets see if one of these (or borth ofcourse) patterns can complete
Have a great week of trading
Regards
AUDCAD - Bullish cypher after a nice breakoutTraders,
Similar to the USDJPY i published recently the AUDCAD broke a major resistance area. This indicate's that the price can move higher to a next potential reversal area (drawn at the chart).
After the breakout i predict that the price could move higher to that zone.
This cypher pattern could be a reason for me to get long with the trend.
SL: 0,99734
T: 1,01369
Have a great weekend ;)
BTCUSD continued short-term bearish trendBTCUSD continues to fall after bouncing off the bearish channel that has been in place for 2 months now. RSI showed that the market was overbought and the 2 week bullish growth was exhausted. Expect further decline of BTC with some short term ups and downs in the currently formed small bearish channel. 50 day MA has been broken by the trend as well.
Do not fall into the trap of other people suggesting that the prices are mooning. Do not comfort yourself and play against the emotions.
Altcoin prices will follow as well.
Strong bullish reversal in 1-2 weeks - strong support (the black line) from long ago, should indicate healthy long-term growth.
The trends and channels are not exactly 100% on point, they simply indicate the overall trend of the market, not exact prices.