USDCHF: on wave 3 up the top of the channelUSDCHF: on wave 3 up the top of the channel
Details on the chart
Less is more!
Wavetrend
EURUSD - Finding a Bullish entryHi guys,
The recent EURUSD trade idea posted are conflicted, but most agree on the longer term trend (up). If you are using my tools, there are a few easy ways to find trade entries. Today we want to find a Bullish entry, but we won't get another Trend Signal alert. However, Trend Signal is still confirming a Bullish trend. Our best way to find an entry is to use X Meter and Wave Trend. Wait for the bars (green) to grow taller. This will be our first signal to enter long. Our second confirmation will occur when Wave Trend crosses '0' and begins to move up. Our EURUSD Market Barometer is already crossing up and begin to print green.
NOTE: this approach only works because the EURUSD formed a sideways consolation and is not ready for another push up.
If you are unsure about sideways consolidation patterns, this link might help (warning - tons of pop-ups on this site, but the info is good):
www.tradeciety.com
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
GBPUSD WAVE ANALYSIS 20 MAR 2017GBP.USD finished its wave C of B of minor ABC pattern. As per last post wave C could reach 1.2600, but price action shows us early reversal from 1.2400. From here i am looking for another impulse wave C, This wave equals to wave A.
GDX Quad-Timescale Oscillators Agree Elliott B-wave of (2) downWe're at a great juncture on GDX for illustrating how Fractal Resonance Oscillators can help confirm a particular Elliott-wave structure. This is Avi Gilburt's primary count on elliottwavetrader.net and (for now) it perfectly matches the oscillator states across all 8 timescales.
Notice the upcross on 15-minute oscillators coincident with the little bounce at end of day Friday. Simultaneously, the 4-hour oscillator finally registered a downcross sell. It's VERY common to see these simultaneous opposing peaks on oscillators ~4 rows or 16x apart. We trade this with an immediate scalp buy but are ready to sell more heavily on next 15-30min overbought downcross and then buy even more heavily as 4-hour becomes oversold.
This kind of scalping along the shorter timescale with big positioning guided by longer timescales is important. Backtesting shows that if you solely try to trade the longer timescale crossovers (i.e. take this 4-hour sell right now even though we have 15-minute buy) you will usually LOSE money due to the large lag in the longer-timescale oscillators.
T-Bond within a few weeks of MAJOR buy on 128H oscillator?rwilday noticed some good scalp buys this week from Fractal Resonance Composite lines on a 30 minute ZB chart and (facetiously) asked if it was time to buy big. In this case the 30-minute chart gives too narrow a view, but we can find the dominant timescale candidate on the 8H chart's 128H oscillator (FR_COMPONENT timescale multiplier=16). It's lead line is -87% oversold but still tilted down. Another 2-6 weeks may be needed before it flattens and crosses up with bold green dot -0.59% for a potentially MAJOR bi-weekly or monthly buy. The case for local 128H dominance will be strongest then if the 256H lead line (row below) has also flattened WITHOUT reaching its green shade zone.
What could keep you in a 150% surge like gold miners Jan-August?That's right, multiple timescale fractal analysis on wave trend oscillators. In this case, the bottom row 8-day oscillator for GDX gave a crossover buy signal in mid-September 2015 that didn't roll over as overbought sell until August 2016 for a gain > 100%. Oscillators on all timescales shorter than 8 days embedded with hundreds of premature sell signals to choose from!
Trading with the Trend, $NYXNyx Gaming Group has just had a 46% price increase in the past two weeks up until its peak. Price is now very overbought and as stated on the chart there are several bearish indications of why this is a good short sale. Also as you can see on the chart, price recently bouced back from the top lin reg line as it did a couple months ago. Price target is middle lin reg line.
Trading with the Trend, $EDRAs you can see by looking at this chart, price action has been following the upwards linear regression channel. It has just bounced from trading at the bottom lin reg line and is showing several bullish indications as stated on the chart. My price target is around the upper lin reg line (green rectangle).
Trade valid until price closes below bottom lin reg line.
Trading with the Trend, $SVMSilvercorp Metals Inc. is looking like it is ready to continue following its upwards trend. As stated on the chart, there are several bullish indications that support why I believe this will continue to climb. If price breaks above the mid reg line, I am watching for a price target close to the upper lin reg line around $4.65 - $5.00
Trade valid until price closes below lower lin reg line.
Trading with the Trend, $APH$APH, Aphria Inc. has been uptrending for months now. Using the lin reg lines you can see that it has bounced off of the top and has recovered using the mid line as a support. As stated on the chart there are several bullish indications and Im looking for a price target somewhere along the top lin reg line (green rectangle on chart).
Trade valid until price closes below mid lin reg line.
Fist's RVGI Crossover/Wave Trend Comparator (LazyBear Scripts)Just a new combination of indies from the incomparable and generous LazyBear. I was having trouble scripting the the RVGI (Realtive Vigour Index) and LazyBear came to my help - I am enormously grateful.
Publishing here at 15m but effective for Binaries on shorter time frames, especially 1m.
Both RVGI and Wave Trends lengths are set to 10. For more energy/volatility, you can set these lower (suggest you keep same length on both, but have a play).
Wave Trend is principal indie but you can use RVGI for confirmation. In Oversold/Overbought zones. suggest you wait for green signal line to drop below/push above o/s and o/b lines and trade 5m on 1m chart in signal direction.
For crossovers not in o/s o/b zones, suggest trades of 2m or 3m.
RVGI is useful as additional confirmation of Wave Trend and vice versa. I wouldn't trade RVGI arrows on their own. It's not a daft arrow-trade system - be wise.
As always, test test test and see what works for you. Don't ignore general price action or fortune will ignore you.
Thank you LazyBear. This is why this community is so great.
If you're not familar with RVGI, look it up :-)
