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Trendcontinuation

GBPJPY - Long - Daily Chart - MACD Continuation TradeEntering on a bullish MACD cross while ABOVE zero-line , signaling bullish continuation. Note that I use MACD ONLY for continuation and do not attempt to find reversals using the MACD as I do not find it to be very accurate in FX Trade is on the daily timeframe and has a 1 ATR stoploss (148 pips), 1ATR target 1 where I take 50% of my position off and move stop to breakeven, then I use a trailing stop following the other 50% of my position setting my stop at the low of each subsequent daily candle that continues higher. These trades can take many days to play out and I often hold over the weekends, do not take this trade if you struggle to control your risk or are uncomfortable holding for weeks at a time. I expect this setup to go against me over the next few days as this was already a strong move up and may need to cool off for a day or 2, I expect to hit profit targets sometime next week but don't trade based on time. It is also important to note that I normally allocate up to 1.5% account risk on continuation trades however I do not risk over 1% when I trade GBP (due to the fundamentals around Brexit). A similar trade to this could also be expressed by shorting EURGBP although that pair has not made a signal on the indicators yet and is most dramatically news driven. The historical probability of MACD continuations on the top 20 fx pairs (with my 1ATR parameters) is around 68%, please perform your own backtesting of this strategy as you can achieve higher or lower probability results using different stop losses and profit targets. Best of luck traders.
Long
by CT-Jaguar
1
EURUSD. Possible way is the Short Way.We have seen the price decline on the pair for over a week. Although the price has tested the Swing Lows on Daily Time Frame and failed to continue below, the Shorter Time Frame. Going down to 1 Hour, we see that the price has bounced back after testing the Higher Time Frame Support Levels. For majority, this might feel like there is a change in trend, I see that this is just a reaction to the obvious support zones visible on the chart. As the Price Bounced back, we see that it hasn't been able to crack the major bounce that came prior to the current one. In addition, the Price has seen a break below the visible Support Zones. This tells me that Price has maintained its behaviour a the lower levels while its failing to maintain the change in behavior at the the higher levels. This rejection of change in PA tells me that the pair is bound to fall back in trend at least till the lows are tested again. My idea is that a short in the zone marked keeps us on the right side of the trend. My strategy will have moved me into position already looking at the current Price Action. Lower Time Frames will be a good guide for Intraday Opportunities as well.
Short
by PavanKulkarni
NZDJPY SellNZDJPY had an aggressive sell on Dec 2018 from 1 to 2 it took 20 candles and it went down for almost 960 pips strong bearish candles and only few bullish candles in 2019 this pair was in retracement mode from 2 to 3 it took 23 candles to rise 670 pips very weak bull candles and many bearish candles this is telling us that sellers are still in control of market and they will push the price down finally it made a tight rising wedge to the 61% fibo level 6 Feb 2018 it printed a nice bearish breakout candles that engulfs 7 previous candles a sell stop few pips below the minor support 74.400 will be perfect for entry stop loss is above the 61% fibo level first target will be last low which gives 1.4 R on this trade second target will be 69.100 which is 6 years low
Short
by Ramin_N
BTC has to go down to keep up with trendHi guys, I am happy that my previous prediction played out very well. This is how I see where price is going from here onward. There is an obvious downtrend for BTC. By matching this period trend with previous period trend, we have to drop by about 9.35%. That is my target. If this target is achieved, we can confirm a descending triangle. Then we will see a retest of the upper resistance line of the triangle, before coming down. One advice from me: 200 MA works like a beast. It is a simple strategy to earn money. Just use it if you are struggling on consistency.
BITSTAMP:BTCUSDShort
by Kuaji
EUR/USD: The years-end-analysis - Likely to see PARITY!Hey Tradomaniacs, welcome to another weekly overview of EUR/USD! Let`s take a look at the year and what we see is a huge Sell-Off aswell! EUR/USD started this year @ 1,19873 and found our years high @ 1,25628 in feburary. After that we`ve just consolidated in a range between the peak and 1,22. FED`s rate hikes consistently punished the EUR which was affected by many different political circumstances like Brexit, italy, france and so on. The European Central Bank decided to quit the QE not as expected - But these might be the first signs of a hawkish policy. But will we seriously see a rate hike this year? I don`t think so. What is the consequence of the financial crisis in 2008? The ECB did nothing else than shifting a problem with financial injections by a ZERO-interest-rate-policy and the Money-Print-Rage + the QE. I bet you`ve heared about the quantity equation. The best way to fight inflation is to increase the interest rate. Since the recession is slowly on its way to destroy our economy again indicated by a cooling down economy and stockmarket the ECB can not just increase the interest-rate in 2019 as planned and Draghi probably wont even increase them during his term. Why? Because the only way to suppor the economy is cheap debts/money/credits. Technical aspects: -------------------------------------------------------------------------------------------------------------------- After the break through the Neckline we`ve seen a test of the 61,6% retracement and could show us the first impulse after the breakout of this S/H/S-Pattern. the next move is a retracement back to the trendline, where we bounced off again and created a doji aboce the candles body. Is all this a retracement ala kissback before we continue the journey to the south called "parity"? The FED`s policy is pretty hawkish because Jerome Powel has officially confirmed that the FED-PUT is gone. He won`t take a look at the Wallstreet anymore and prefers to take the economy and its climate as his indicator for his monetary policy. The S/H/S-Pattern target would be @ 1,05 which is between the 1.414 and 1.618 Fibonacci-Extension. The time-Zones are pretty accurate and should be taken seriously. Conclusion: I`m more bearish but it`s all up to the political situations around us in Europe plus the ECB`s upcoming desicions. -------------------------------------------------------------------------------------------------------------------- We will see what happens! I WISH YOU A HAPPY NEW YEARS EVE! Enjoy the time with family and friends! :-) --------------------------------------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
by Trading2ez
How To Read Structure (Charts) Tutorial- Section: 3 Charts 12-18The highly anticipated release of the How to read structure tutorial is finally here! Thank you for your patience traders, lets get right into it. In Section one and two of the how to read structure tutorial, we spent a lot of time going over the process that I use to identify potential reversals as well as what I consider to be confirmation of a trend reversal. In this section we are going to learn why I use this process & how it helps me identify the difference between a pull back and an actual reversal. We are also going to take our first detailed look into how this process is used to identify trading ranges as they are occurring & we will end with a brief introduction regarding how to properly use multiple timeframes to increase your strategies performance and overall returns. Section 3 Will Consist of 7 Charts: Chart 12- Simple Pullbacks Explained. Chart 13- One Simple Way To Identify A Fake Reversal + Identifying The Complex Pullback. Chart 14- My Method Of Identifying Trading Ranges Before They Occur. Chart 15/16- Continuation Of Chart 14 & Why The Complex Pullback Method Is Effective. Chart 17/18- An Effective Way To Use Multiple Timeframes With A Strategy. Chart 12- Simple Pullbacks Explained & Ground Work For Learning The Complex Pullback Method The majority of people who try their hand at trading, do not have any formal training or education of any kind therefore most of the trading related knowledge they learn is obtained through free sources, books or online courses that never fully go all the way, leaving them with a ton of questions and confused. Proper chart reading and structure analysis is one of the most commonly misunderstood aspects amongst novice traders, and at little to no fault of their own. It is important to understand that not all structure analysis is the performed the same, each trader may have his/her own process for reading structure so if this is a topic you wish to learn, I highly recommend learning one traders specific process to avoid confusion and conflicts with education that you may have learned elsewhere. Chart 13- One Simple Way To Identify A Fake Reversal & Identifying The Complex Pullback (my process) It is said and assumed that- "In order to identify a trading range, price must trade in it for an extended period of time". This is true with the traditional method of technical analysis however the Complex Pullback is an advanced structure analysis method that I have used to successfully identify trading ranges as they are occurring for years... With this method, we do not have to wait for a trading range to be established before identifying it as one, which gives us the ability to spot & avoid many false reversals. Incorporating this method into your strategies, can dramatically increase its performance & returns. Please see the chart below to get a better understanding of how this method works. Chart 14- My Method Of Identifying Trading Ranges Before They Occur Chart 15/16- Continuation Of Chart 14 & Why The Complex Pullback Method Is Effective Each 4hr candle represents 4hrs of price action therefore, each 4hr candle can be seen as 4- 1hr candles. Lower timeframes, can be used to obtain more information about price action. For example- If your strategy uses a specific candlestick as an entry signal, dropping down to the 1hr chart would give you an additional 3 candles which would result in 3 more opportunities for your entry signal to appear. Chart 17/18- An Effective Way To Use Multiple Timeframes With A Strategy As always, I hope this tutorial was helpful to you. Please leave your feedback in the comments below, & if you got value from this please share & give the tutorial a thumbs up. Your Shares & Likes really help to get these tutorials out to traders who are trying to learn, While your feedback lets me know that these free tutorials are helpful to you. I will continue to share them if they are of value. If you would like to learn more about how to read charts, and structure based trading please see sections 1 & 2 of the "How to read charts, structure based trading tutorials" (linked in the related ideas section below) or head over to TradersNsights: Courses/Lessons Forex Coaching To request a tutorial or topics you would like to see in the future, Fill out a quick request form and enter "Request" in the subject field or simply comment below. More Free Trading Related Education
Education
by Alec40
40
XAUUSD to reach 1260 The price of the XAUUSD has skyrocketed by the bullish market. Due to this uptrend, the trend lines of the triangle have been broken. From this we can say that a new trend is under way. After zone 1240 has passed, a temporary pullback is created. when this pullback ends there will be a new upward movement. I think that this upward trend will have a minimal effect towards the 1260 zone. For now, the small (blue) trendline is respected. If this continues, I expect that the price will reach the TP. If our TP is reached and the analysis went well, we have a profit of: - TP #1 +/- 160 pips The safest place for a stop loss is point 1235.00 ( +/- 80 pips). You can of course always adjust this. This is due to the operation of your own money management.
FX:XAUUSDLong
by JvdB99
1
AUDCAD Short - 1HR TF bearish trend continuationHi, guys I hope that you are all well! Typically at this time of year markets generally quite down due to Christmas approaching, however we are seeing some strong moves in the market across my portfolio and AUDCAD happens to be one of them. What I am looking for is bearish trend continuation following a pullback up into the most recent area of consolidation/range in anticipation for sellers to step back into the market and make one final retest of the lows at .9570's. So far price action has tested this area/kill zone a few times and buyers continue to find resistance. RSI has also gone OB (80) but I am still yet to get an entry myself as price action has not yet formed a valid LLLC candlestick within the identified kill zone and until I have the entry reason I cannot enter just yet. We do also have some FIB confluence within the kill zone to add further reason for why sellers could step back into this market and the next level of structure support being down at lows of .9560's I will continue to monitor this pair and hopefully I will get my entry reasons met and able to get involved in the trade itself. Trade with confidence, Henri W.
Short
by hmwalker_
Simple Patterns Tutorial, The Correct Way To Trade Double Tops In this short tutorial, we will look at the three most common Double Top formations along with how to properly trade them and when/where they typically appear on a chart. Double Tops work very well as trend continuation patterns for the obvious reason that you are trading with the underlying trend (strength) in the market however, Double Tops can also be a great tool for identifying and trading trend reversals. I do not recommend trading these patterns as reversals at every support or resistance level, as trading this way will most likely not be a consistently profitable trading strategy. One method to trading these patterns as reversals is to use higher timeframes to identify important price levels. For Example- You may use the Daily chart to identify important support/resistance structure levels while using the 1hr chart to actually identify and trade the double top itself.. Every strategy should have something called conditions and criteria's for entry.. If you follow my work, you have heard me say this in the past. In the case of this example, A daily level of structure Support/Resistance would be our condition and a double top on the 1hr chart would be our criteria for entry.. You rules should state this: Condition: 1) Price must retest a daily level of support or resistance in order to look for entry criteria. Criteria: 1) After price has retested a daily level of support/resistance, I am allowed to look for a double top entry on the 60 minutes timeframe. -See example of this exact trade at bottom of description (Chart 4 and 5) Chart One: Most Common Double Tops Chart Two: Examples Of Double Top Reversals & Trend Continuation Chart Three: Double Top Trade Examples Chart Four: Daily Retest Of Support/Resistance: Chart Five: Double Top On 60 Minute Timeframe: Often, you will notice that price is up-trending on the daily chart but down-trending on the hourly charts. Many traders get confused regarding how to handle this confliction of trend.. One way to handle this is by doing what is stated above. Use a higher timeframe like the daily chart to find important price levels, and use a lower timeframe like the hourly or minute charts to trade at these levels. Just because the daily trend is up does not mean we cannot trade a double top reversal on the 1hr chart as that timeframe may be down-trending in a perfectly healthy daily uptrend.. I hope this was explained clearly, please feel free to ask me any questions you have in the comments below or via private chat & I will be happy to help. Also please let me know what double top you think is the best to trade (see chart 3) in the comments below. I will do a follow up lesson to answer this question I am asking you. I think the answer may surprise you & know it will be a AAH-HHA moment in your trading journey! If you would like to put in a request regarding what trading content you'd like to learn more about, please use the link below to submit a vote for future trading tutorials and topics! tradersnsights.myshopify.com Free Position Size Calculator: goo.gl TradersNsights Facebook: www.facebook.com Thanks Traders, as always I hope this was helpful to you!
Education
by Alec40
8