Bullish * TK Cross * HA bullish signal candle printed via TrendMaster Reservations * TKx—weak signal strength as we're under Kumo still * Bearish Chikou till we get a break out and above from price 26 periods ago * Bearish Kumo Future Idea contains possible paths for Chikou as well. After going through past price resistance, it will encounter Tenkan and then...
Based on the January's bullish run, we use TrendMaster to note the entry and exits with its minima and maxima counterparts of the sine wave. With this chart, its pointing to another 2 weeks till we see an up-cycle with ETH BTC (mid Sept). Let's see how it goes... Thoughts? Thanks
* Bullish signal HA candle printed day ago * TrendMaster conservative stop at end opening of candle; less riskier, within body or prev candle's close (or a bit below it) Ichi TA: * Bearish market sentiment * Bearish Chikou, facing res from price * Price above Kijun, bullishness addition * Possible bullish TK cross (weak signal strenght, as we're still below the...
*PA == price action Circled POI: * Past Chikou bounces * Past Kijun * Current Kijun as 50% Fib retracement Thoughts? Thanks
* Fighting the bears atm * Seems to be the 4th touch on this level of $0.58-$0.60 * No support from Ichi * Waiting on confirmation of bearish signal candle (might print below EMA cloud, gray)—2.5hrs to go * If it doesn't hold, mostly likely to $0.54.... lower thereafter
If we're to backtest TrendMaster. Since we're still in a bearish market sentiment (price under Kumo), we'll take a Conservative stop approach (will trail to the next candle's open upon confirmation).
Observations: * Noticing how Chikou is also a good indicator of past SR levels (along w/ flat levels in the Kumo) * Would be great to know how to test for a breakthrough or false breakout (rejection) * Price has a strong signal when Tenkan makes a sharp right turn through the EMA cloud. Tends to be a bullish continuation in price action. * Vice-versa if Kijun does...
Noticed something w/ the Kijun (base line) in the EMA cloud of the TrendMaster system: * Tries its best to stay within the EMA cloud * Sharp right turn or horizontal movement, usually signals consolidation/retracement * More often than not, fractal prints on the FOMO'd candle (full white candles in this case, with a red down arrow) * The closer its to the...
* Bullish Ichi indicators * Bullish signal HA candle printed on TrendMaster VPVR ain't got too much resistance upwards by the looks of it. Thoughts? Thanks
Waiting on a possible bullish signal candle for TrendMaster system. Need for this HA candle to confirm when next candle prints. Possible bullish Chikou * Above price 26 periods ago * More confidence if it crosses up and above Tenkan Neutral signal on the bullish TK Cross * Becomes bullish if price moves above the Kumo, signaling bullish Kumo breakout...
* Heikin Ashi + TrendMaster setup is bullish * Ichimoku setup is bullish * Signal strength going from normal/neutral to strong if we get this bullish Kumo breakout Thoughts? Thanks
Practicing more and more with TrendMaster, Heikin Ashi candles and Ichimoku. TL;DR—bullish signals. Thoughts? Thanks.
* Above Ichi and EMA * Highlight signal candle * Entry on ATR above it (long entry) * Stop on prev candle's close, still inside the signal candle's body Thoughts on how you'd set this up? Thanks
* The TrendMaster indicator is by twitter.com * They're helpful and have a pinned post on how to set it up * They've written or still writing a in-depth way to use for trading the trend * Great to use on longer time frames (weekly, daily); H4 for short term Regarding the chart, ETH has broken its uptrend with resistance from the cloud. Its currently on its down...