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Algotrading

EURUSD UpdateI mentioned earlier that I missed my entry this morning, but this is how my trade would be progressing. This is the "trend mode" setup to my automated strategy I'm working on, I rely on the alligator as well as a slow and fast ma with dynamic profit targets (in pips) projected below the fast average. Entry comes when price is within 20 pips of the jaw line. In short positions take profit automatically if price closes the above the fast ma or if price touches the lowest profit target. This looks like yet another 60-70 pip win, which would have made close to 200 on the week. This strategy is really promising.
by NeoDaNomad
1972-2022 Comparison of Nasdaq and GSPC Indexes.This chart shows the monthly Nasdaq and S and P 500 going back to the early 70's, a little after the Nasdaq index first started (which I believe was 1971). I should note that it's a monthly chart, again, so it's SMA's are monthly based, and I use logarithmic scale for long term charts. Log. is not really for short term so much. I like to look at very long term charts periodically, and freshly analyze them. I believe it's important to study longer time frames especially if you're a day trader like me. I get consumed by the short term movements, and believe you need a full history of anything to truly understand it. It's fairly easy to see that the Nasdaq moves further and faster than the GSPC. The Nasdaq has tripled the long performance of the GSPC since 1975, and when it corrects, expect that to be more pronounced as well. I like to look at Fibonacci Retracements simply because other people look at them, and they're probably programmed into the big quant trading companies algorithms as well. Almost everyone looks at Fib. retracements whether they admit it or not. Of course, you can't trade directly at these levels as if they are a "golden mean". In the stock market if you meet one person who trades off of some indicator, you can bet others do to, no matter how crazy you think it is. Even if you don't agree with it; the sum total of all points of view of those trading, equate to the current price. I know what I'm thinking, it's the average of everyone's thinking, that I can't figure out. Of course, something like 80 percent of the price action is said to be the result of automated, algorithmic trading. So, I'm taking classes on computer programming, algorithmic trading, data structures, etc. Which leads me into some notations I have on the chart. I have a big orange arrow pointing to October of 1987 when new computer trading systems got everyone in trouble. I've placed red arrows at points on the Rate of Change indicator where the ROC begins to diverge with price action. It isn't 100 percent, but if this divergence begins to occur be prepared for downside which could move extremely fast. We had a Rate of Change price divergence starting in 12/20/21 and look what's happened since then. Also the Rate of Change is moving down now, and it's very low already, about 20 below the Zero line. This indicator alone makes me believe that there will be more short side price action to come. The Nasdaq went from a low of 1265, roughly, in March of 2009 to a high of 16,212 in November of last year. That's not supposed to happen. There are people who are 31 years old right now, and there hasn't been a real bear market since they became legal adults. I generally live by not having a directional bias in the market, I just follow price action, and I don't believe much in holding positions overnight. I am just cautioning people who have a long bias after 13 years of a generally bullish market, that we have some very unique market condition coming into play, and learning a more price action based strategy, if they haven't is somewhat warranted. We have a few, MASSIVE, market caps holding indexes up which are skewing the outlook more positive than it should be. We have economic experts that are about 150 years old, and they've never seen anything like this. I loved the idea of Cryptocurrency, but I tend to agree with Buffet on that one. Crypto doesn't have value at it's core, it wasn't worth anything when the idea started. Normally, when a company goes public they have some core value. They produce something, or create a new technology that has value. I love that it trades 24/7 basically, I love that you can use it on the dark web, I love that politicians don't get rich from it, I loved that computer guys could make money mining it in the beginning. Soon you're going to need your own power plant and cpu company to mine it. I ramble too much maybe, without getting to the point. The point is from 2009 to our 2021 index high, the recent Nasdaq low was about a 35% retracement of that gain, and statistically that's just not enough given the decade long upside performance of it. We had a decade run that came close to the Nasdaq gains in the 90's tech bubble. The tech bubble was around 1500% in a decade, we were close to 1300% in a decade (those numbers are give or take a little obviously). The tech bubble bottom 34 months later with a 84% retracement of it's decade long gain. We're currently only 6 months away from our high in November, and only saw a roughly 35% retracement. No one knows what the market will do, but if you believe we've seen the bottom you have to explain away numbers like that. My friend thinks it's un-American to be short a position. Remember that these quant. trading companies have MIT students developing algorithms to beat you out of your money. Competition is the American way.
NASDAQ:IXICShort
by tmaloney1978
$ETH Maddrix III - Great SHORT taken, 50% of profit lost in pumpThis week Maddrix III took a short position (randomly decided by the algo) and it was our lucky day because it was dumping. It was frustrating because profits were cut by 2 due to the pump back. What is important to learn here is that when you have a trading system, you MUST stick to the rules. In this case, it reached it's STOP level, so it exited, for a much smaller profit. We can see that it then went back down and it "could" have made more. The problem is when it was pumping up, it could have kept going higher and higher, and the safest is to take some profits, instead of thinking "what if". This is what it means to be disciplined and have RULES. If this was done by a human, it would be very hard. Good thing the algo is taking care of it!
by Maddrix_club
#ALGO/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick ALGO/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:- ALGO/USDT PARALLEL CHANNEL brake the green and trandline and buy the retest green zone. PARALLEL CHANNEL green zone. (SPOT CALL) Entry:-$0.4230,$0.4625 Traget:- 30% Stoploss:- $0.3555 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
HOW TO reverse AUDNZDUsing POW reversal strategy on this trading idea. Working AUDNZD on the 30M Strategy is set to work my chosen session times hence red shading showing when I don't trade. Chart shows a label which details all trade rules for the current live trade. That trade is another short trade like the previous trade which can be seen on chart. Blue lines show TP points, Red lines are SL points and yellow lines are my entry points. Good reverse scalping strategy with stats to back it up.
Short
by RichScott
This Chart Pattern Calls for Algorand $1.00 TargetThe technical chart suggests that Algorand (ALGO) has the potential to tag the $1.00 milestone again. The downswings since February 8 can be confined within a descending channel, with the swings getting shorter in magnitude and the momentum drying out. Algorand Descending Channel After reaching the lower support trendline, the ALGO price bounced, and we're now looking for a possible retest of the upper resistance trendline, which falls near the $1.00 psychological level. The current bounce is also supported by the RSI oscillator, which broke above the 50 mid-level. The last time the RSI broke above the 50 mid-level on March 21, ALGO's price retested the upper resistance trendline. The pattern, if confirmed, could set off a much larger rally in the coming months. However, for a meaningful reversal, we would need a daily break and close above the descending channel but, more importantly, above $1.00. We also have a massive bullish divergence between the price and the RSI oscillator, which highlights the exhaustion of selling pressure. This is a significant price development because it has the potential to call for a potential bullish reversal. Looking forward: We have to keep in mind that the overall trend is bearish as we're still trading below the 200-day simple moving average, and in terms of the price structure, we are still following a bearish path. However, we might be in the process of a reversal if the pattern highlighted above is triggered.
BINANCE:ALGOUSD
by cryptohopper