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EUR/USD: Extending March gainsConsolidation around 1.2000 has given way to the anticipated break higher, with rising intraday studies prompting a break to the 1.2035 Fibonacci retracement. Daily readings are also positive, and weekly charts continue to improve, highlighting a more robust tone and extension of March gains towards the 1.2115 retracement. Meanwhile, support is raised to congestion around 1.2000 and should underpin any immediate setbacks. A close beneath here, however, would turn sentiment Neutral and put prices back into consolidation above 1.1943/50.
Long
by Continuum_Economics
Total Crypto Market Cap Excl. BTC Escalation 1 to 2 TRILLION1T Market Cap was reached violently, topped at 1,117T, in three weeks starting from 577B on March 25th. The option of an accumulation area at this level is now reasonable. February ATH 700B was followed by a month and a half of retracements and accumulation. Now the RSI is in overbought area as well as in February in the daily chart, but the weekly chart is still super bullish pointing directly to 1,25 T at least. I won't worry anyway, 'cause in 2026 the total crypto market is expected to rise to 11 Trillion by traditional investors...It might be far bigger.
CRYPTOCAP:TOTAL2
by Paolo-Brich
4
Ethereum Going Strong!Although Bitcoin is also creating new all-time highs, Ethereum is showing more momentum over the last few days. From December 2020 to February 2021, Ethereum moved up over 300% before going into a period of consolidation from February 2021 to earlier this month. The resistance for the consolidation zone was around the $2000 round number. Following a breakout to the upside, price retested this level as support briefly, before forming an impulsive bullish move which we are currently seeing. With $2000 now out of the way, we want to see price head towards $3000 and continue smashing its way through round numbers. As with all assets trends will not continue forever without forming a deep decline or a period of consolidation, so we can anticipate this along the way up. Like stocks, the cryptocurrency market is looking bullish and may continue for some time but we will look for early indications based on our proprietary tools to determine when the trend has come to an end. Until then, enjoy the trends and ensure you are managing positions well. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:ETHUSDLong
by Sublime_Trading
1
S&P Extends Gap With $4000!The journey to $4000 was a fairly smooth one from the start of this year and the S&P is now trading comfortably above this level. $4000 has now switched from resistance to support. We have seen a nice clean move to the upside over recent days, so we can expect to see a pullback before a continuation. Price has the 20 simple moving average which coincides with $4000 which may act as support. Beneath that we have the 50 simple moving average. The markets are looking strong at the moment and even the Nasdaq has caught up to the S&P and the Dow Jones. The Nasdaq was experiencing a deep pullback when the other two indices were creating record highs. With all the indices now aligned, we are anticipating a continuation of the trends through the rest of the year. The task now is to identify the strongest sectors and take only the high probability setups to increase the chances of entering into profitable positions. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
1
Bitcoin Battling $50,000 & $60,000!The bull run has been consistent in Bitcoin, and price has formed some neat pullbacks along the way up using both the 20 & 50 simple moving averages as support. The most recent pullback came down to tag the 50 simple moving average before heading back to the upside. On the way up, price has started to slow down and may be starting to consolidate. The support and resistance levels are at the round numbers $50,000 and $60,000. Price at the moment is using the 20 simple moving average as support, and if this level holds strong, then we should see a nice push above $60,000 followed by the current all-time high at $61,781. Since breaking out of long-term consolidation in December 2020 at $19,666, price has risen 197% and counting. Back in 2017, when price came close to hitting $20,000, many speculated that this was the limit for Bitcoin but as is the case with any asset, you can never predict what will happen next. As technical trend followers, we make our decisions based on what price is doing and not what we think price is going to do, which many make the mistake of doing. Focus on price first, and at the moment, it is telling us that the trend is not yet over, so we could be seeing other round numbers being broken. A break and close above the all-time high will confirm a continuation of the bull trend. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSDLong
by Sublime_Trading
$&P Clears $4000!The S&P 500 is now comfortably sailing above $4000, which we anticipated to potentially act as strong resistance. With price now above this level, we need to see what price will do next. Will price continue to trend upwards, or will price come down and find support at $4000 then move back up, or will price move back below this psychological round number? One thing is for sure right now, and that is price is bullish across the board, which is reinforced by the number of breakouts we are seeing on a weekly basis. From the low of March 2020, price has moved up 85% and has more than recovered from the 35% fall we experienced during the Covid pandemic peak in February and March 2020. With markets looking stronger than ever, we must stay on top of the best-looking stocks which we post in our weekly newsletter and in our free community. The next level of resistance we need to be concerned about is $5000, which is quite some distance away, so there is plenty of room to ride the trends. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
IS GOLD BACK?Gold just did an important trend switch on the 2H time frame coming off what appears to be a double bottom at 1680. The switch is better seen on 15 min to 30 min time frames. Normally the first pulse which this might be is followed by a minor correction before further movement in direction fo the switch. But strange things do happen. This is a trend following situation, which means you get no targets, stop-losses or predictions. Why? Because nobody knows where how far a trend might go. I provide no other figures because this is not advice. If going long on Gold a safer situation will be in a 15 to 30 min trend. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
2
USD Index DXY: Possible pullback before prices continue higherThe test of the 93.44 Fibonacci retracement and congestion around 93.50 is giving way to a short-term pullback, whilst intraday studies track lower and overbought daily stochastics turn down. Congestion support at 93.00 is under pressure, but the rising Tension Indicator and improving weekly charts should limit any break to fresh consolidation above 92.50. Following corrective trade, fresh gains are looked for, with a later close above 93.44/50 confirming continuation of January gains towards 94.00.
TVC:DXY
by Continuum_Economics
Pullback and Trend Following Strategy with Sideways FilterThis is a strategy of short to medium term trading which combine two famous strats, they are: Pullback (mean reversion) and Trend Following. I recently code this strategy using pine script to see how profitable in long run, so later on I can set alert to the stocks in my watchlist (the pine-script source code is in the end of the post). I only apply in long position because in my country doesn't allow short trading, but feel free if you want to extend short position. As of now the result of back-tests are quite promising which I expected (overall 10-50% profit for 3 year back-test data). Okay let's begin. Trend following can be catch up with simple golden crosses between fast and medium moving average. This strategy will make the most of your profit source, I guarantee you. In this strategy I apply SMA which set by default 20 and 50 period for fast and medium MA respectively. One of the weakness of trend following is on sideways market. In order to prevent false signal generated in sideways market, I need to filter sideways range out of the trend. I use ADX indicator which can use to identify sideways market, but some methods can also be applied as per this blog post (www.quantnews.com). Basically trend following will allows you to buy high and sell higher, the risk of this strategy is the false signals. Entry signals at golden cross (fast MA cross-over medium MA from down to up) and exit signal when dead cross (fast MA cross-under medium MA from top to down) happens. If you can catch a good strong uptrend you can combine with pyramiding strategy to average up your position. Back-test with pyramiding strategy is so tricky in TradingView, I already try it but end-up with lower profit result. So, I will do pyramiding things manually once I found a good strong uptrend. The important message is YOU CANNOT MISSED STRONG UPTREND, when the alert of trend-following golden cross happens, tighten your seat belt and don't hesitate to put your position high with strict stop loss. The signal of strong uptrend usually after breakout its resistance with a good amount of volume. In the next update I will try to consider volume as well, as a confirmation of breakout. So the signals would be filtered only for the strong uptrend. Valid signals will give you a good profit margin. In summary below are the points for trend following part: Using Simple Moving Average Medium SMA by default is 50-periods Fast SMA by default is 20-periods MA periods shall be chosen based on the stocks chart trend characteristics to maximize profit. Entry when golden cross signal happens (fast MA cross-over medium MA from down to up) Exit when dead cross signal happens (fast MA cross-under medium MA from top to down) Reject false signals by using sideways range filter Second part is mean-reversion or pullback trade strategy. This is the strategy which allows you to buy low sell high and the risk is when you buy low, the market will keep going lower. The key of mean-reversion is the momentum. Once your momentum guessing is correct you can achieve a very good profit in relatively short time. Here, I will use oscillator based momentum indicator RSI (Relative Strength Index) as a criteria. For entry I use 2-period RSI which not more than 5%. Why 5% ?, that's experimental value which can provide me an enough confirmation of weakness momentum. Then for exit setup I use 5-period RSI which pass 40%. A strong weak momentum in overall will be pushed as high as 40% and 40% RSI can be considered as lower bound of sideways market swing. Last but not least, this pullback trade shall be executed only in above 200-period MA, as a confirmation that overall swing is in uptrend. Thus, if the market going sideways I will use pullback trade and if the market going to form an uptrend, the strategy will sense a golden cross SMA. Inside the chart of this post, you see red and green background color. That is indicate sideways or trend market relatively to ADX index. You can adjust the parameter in order to maximize profit. To summarize the second part (pullback trade) are: Use 200-period SMA as a first filter for sideways market. Got a sideways market confirmation with ADX index. Entry on below 5% of its 2-period RSI Exit on above 40% of its 5-period RSI or after 10 days of trade. In the other part of my script also included the rule to size your entry position. Please find below the full pine-script source code of above explained strategy. Hopes it will drive your profit well. Let me know your feedback then. Thanks. // START ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- // This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org // © m4cth0r //@version=4 // 1. Define strategy settings commValue = 0.19 * 0.01 strategy(title="PB/TF+SWAY-NOTPYRM", overlay=true, pyramiding=0, initial_capital=20000000, commission_type=strategy.commission.percent, commission_value=commValue, slippage=2, calc_on_every_tick=true) //----- MA Length slowMALen = input(200,step=1,minval=5,title="Slow MA Length") midMALen = input(40,step=1,minval=5,title="Mid MA Length") fastMALen = input(20,step=1,minval=5,title="Fast MA Length") //----- DMI Length DiLen = input(20,minval=1,title="DI Length") ADXSmoothLen = input(15,minval=1,title="ADX Smoothing", maxval=50) ADXThreshold = input(21,step=1,title="ADX Sideway Threshold") //----- RSI2 for Entry, RSI5 for Exit RSIEntryLen = input(title="PB RSI Length (Entry)", type=input.integer, defval=2) RSIExitLen = input(title="PB RSI Length (Exit)", type=input.integer, defval=5) RSIEntryThreshold = input(title="PB RSI Threshold % (Entry)", type=input.integer, defval=5) RSIExitThreshold = input(title="PB RSI Threshold % (Exit)", type=input.integer, defval=40) //----- Backtest Window startMonth = input(title="Start Month Backtest", type=input.integer,defval=1) startYear = input(title="Start Year Backtest", type=input.integer, defval=2018) endMonth = input(title="End Month Backtest", type=input.integer, defval = 12) endYear = input(title="End Year Backtest", type=input.integer, defval=2021) //----- Position Size usePosSize = input(title="Use Position Sizing?", type=input.bool, defval=true) riskPerc = input(title="Risk %", type=input.float, defval=1, step=0.25) //----- Stop Loss atrLen = input(title="ATR Length", type=input.integer, defval=20) stopLossMulti = input(title="Stop Loss Multiple", type=input.float, defval=2) // 2. Calculate strategy values //----- RSI based RSIEntry = rsi(close,RSIEntryLen) RSIExit = rsi(close,RSIExitLen) //----- SMA slowMA = sma(close,slowMALen) midMA = sma(close,midMALen) fastMA = sma(close,fastMALen) //----- ATR atrValue = atr(atrLen) //----- Sideways Detection = dmi(DiLen,ADXSmoothLen) is_sideways = adx <= ADXThreshold //----- Position Size riskEquity = (riskPerc / 100) * strategy.equity atrCurrency = (atrValue * syminfo.pointvalue) posSize = usePosSize ? floor(riskEquity / atrCurrency) : 1 //----- Trade Window tradeWindow = time >= timestamp(startYear,startMonth,1,0,0) and time <= timestamp(endYear,endMonth,1,0,0) // 3. Determine long trading conditions //----- Entry enterPB = (close > slowMA) and (RSIEntry < RSIEntryThreshold) and tradeWindow and is_sideways enterTF = crossover(fastMA,midMA) and (fastMA > midMA) and tradeWindow and not is_sideways and (strategy.position_size < 1) //----- Bar Count opened_order = strategy.position_size != strategy.position_size and strategy.position_size != 0 bars = barssince(opened_order) + 1 //----- Stop Loss (CANCELLED) // stopLoss = 0.0 // stopLoss := enterTF ? close - (atrValue * stopLossMulti) : stopLoss //----- Exit exitPB = RSIExit >= RSIExitThreshold or bars >= 10 exitTF = crossunder(fastMA,midMA) // 4. Output strategy data plot(series=slowMA, color=color.purple, title="SMA 200", linewidth=2) plot(series=midMA, color=color.navy, title="SMA 50", linewidth=2) plot(series=fastMA, color=color.orange, title="SMA 20", linewidth=2) bgcolor(is_sideways ? color.green : color.red) // Green is sideways trending market region and red is all others. // 5. Submit entry orders if(enterPB) strategy.entry(id="ENTRY-PB", long=true, qty=posSize, limit = open*0.98) //labelText1 = tostring(round(RSIEntry * 100)/100) //RSIlabel1 = label.new(x=bar_index,y=na, text=labelText1, yloc=yloc.belowbar,color=color.green, textcolor=color.white, style=label.style_label_up, size=size.normal) if(enterTF) strategy.entry(id="ENTRY-TF",long=true, qty=posSize) // 6. Submit exit orders if(exitPB) strategy.close("ENTRY-PB", when = exitPB, qty_percent = 100, comment = "EXIT-PB") if(exitTF) strategy.close("ENTRY-TF", when = exitTF, qty_percent = 100, comment = "EXIT-TF") strategy.close_all(when=not tradeWindow) // END ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IDX:ANTM
by m4cth0r
3
FTSE 100 Edging Towards 7000The FTSE 100 has failed to break and close above the February 2018 low at 6536 for a number of months now. You can see the December 2020 candle and the candles for January and February 2021 traded above this level but ended the month by closing below this level. With one more trading day of the month left to go, we may well finally see that close above 6536 and if this is achieved then we should continue to see bullish moves in UK stocks. Although the move up has been rather sluggish, price has gained good ground following the 22% decline we experienced in February and March 2020 at the peak of the global pandemic. In March 2020 price continued down and found support around the 5000 round number before moving back to the upside. With a bullish end to this month’s candle, the next level of resistance is 7000 and following that we have the all-time high at 7903, which is the May 2018 high. We will be able to get a better perspective of price action once the candle for March closes and decide on which opportunities we want to take positions in. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:UKXLong
by Sublime_Trading