I Think the General Principles Work
These are the principles I have gained due to the reading materials.
1. Wait for Extreme Premium/Discount
2. Wait for Price to Exhaust Pressure
3. Wait for Any Chart Patterns Indicating Reversal
4. Wait for Trendline Break with Momentum
5. Wait for HARSI/WAE Above Explosion Line + Reversal Engulfing Candle Close
6. Entry on Trendline or Pivot Re-Test.
NO DISCOUNT/PREMIUM, NO PRESSURE, NO RE-TEST, NO ENTRY.
Wae
SSL HYBRID Advanced IndicatorIndicator symbols and usage.
RED/BLUE diamonds- ADX Cross
Grey Background - Low ADX
Green/Red Circles- EMA 5/30 crossover
purple Background- Bollinger Squeeze
green line- EMA5
red line- EMA30
blue/pink triangles below bar- QQE indication with PSAR direction
Buy Sell Signals are QQE + SSL Hybrid + WAE combination strategy.
Take trades when Buy/Sell signals are supported by QQE MOD indicator with same direction and Color.
Exit Trades when opposite signal of SSL Hybrid is met.
Use higher T/F HMA for Reference and Trend Direction along with Supertrend
Super Smoothed, Zero-Lag, MACD, Waddah Attar Explosion (WAE) Super Smoothed, Zero-Lag, MACD, Waddah Attar Explosion (WAE)
Quick showcasing of an advanced WAE used to mold to specific crypto assets. Here we have ETHUSD on Coinbase, This WAE has the option of using Keltner channels instead of Bollinger Bands and allows for different smoothing functions on Keltner Channels, Bollinger Bands, and MACD to fine tune the explosion signal.
Profit and SL in this example are worst case scenario of 1 ATR up for 100% TP1 and 1.5 ATR down for SL.
New ADX DI indicator in actionNew ADX DI indicator on top with signals filtered using two baseline filters. Adding a Zero-Lag WAE and then trend following algo in the very bottom indicator we end up with 80% win rate on regular shorts and longs on BTC over the las 6+ months. This is only a quick sanity check to see where the indicator excels and its great for adding confluence to an already robust trend/momentum trading system.
STCUSDT Initial LONG signalSTCUSDT Initial LONG signal. Targets and stop loss on the chart. D1, D2, D3 all poking their head up. Weekly pointed down, but might recover depending on D3, still a great long for daily tf.
AMD - Daily with Fib Retracement and volume analysis AMD - Daily with Fib Retracement
Also added the VPFR indicator to show how strong this tool is when you are trying to build support and resistance.
Starting to incorporate the WAE (Waddah Attar Explosion) indicator by Lazy Bear. Volume is always something I am looking to increase my knowledge on, and a friend of mine recommended I give this a try.
This indicator shows areas of trend strength, direction, "explosion" line, and a dead zone marker.
Explanation from the indicator developer:
"Various components of the indicator are:
Dead Zone Line: Works as a filter for weak signals. Do not trade when the red or green histogram is below it.
Histograms:
- Red histogram shows the current down trend.
- Green histogram shows the current up trend.
- Sienna line shows the explosion in price up or down.
Signal for ENTER_BUY: All the following conditions must be met.
- Green histo is raising.
- Green histo above Explosion line.
- Explosion line raising.
- Both green histo and Explosion line above DeadZone line.
Signal for EXIT_BUY: Exit when green histo crosses below Explosion line.
Signal for ENTER_SELL: All the following conditions must be met.
- Red histo is raising.
- Red histo above Explosion line.
- Explosion line raising.
- Both red histo and Explosion line above DeadZone line.
Signal for EXIT_SELL: Exit when red histo crosses below Explosion line. "