Crossover
EURUSD: Dollar going stronger than EuroThe orange circle, shows the exact moment where, at the same time, ICEUS:DX1! crossed over CME:6E1! and the 200-sma was in the middle of this crossover.
The Dollar futures are gaining stregth while on the other hand, Euro futures are falling in price.
After the crossover, a strong bearish candle cross the support, the price remain in congestion with yesterday price closing at 1.10533.
Today the price is already below a support during early september and a resistance in the week after.
Indicators: Besides the 200sma. The RSI is projecting to go overbought or at least close, while DMI- is increasing the direction and ADX is confirming the trend strength.
Fundamental & Technical Analysis on XAGUSD (Silver)Fundamental : Historically for Silver when Open Interest (OI) is going down it is a bearish signal and vice versa unlike other symbols. In this case Open Interest is decreasing which is Bearish, Commercial (Hedgers) Long positions are slowly going up while their Short positions seem to be slowly decreasing which is another Bearish confluence. For Non-Commercial the Longs have been lowering the past 5 weeks but unfortunately so have the Short positions which isnt exactly what i would like to see but I do believe they'll start increasing. Net Positions for Commercial has reached an extreme on the line chart at about -400K which is a Bearish signal and Non-Commercial has reached an extreme at around 300K, both of these extremes are aligned with the extremes seen on February 2020.
COT Report : cot-reports.com
Line Graph : cot-reports.com
Technical : The 5 EMA has crossed down the 20 EMA while Momentum is negative and the K% line on the Stochastic is underneath the 50% line.
Targets & Stop Loss : My stop loss is at Fib LVL 0.236 which is $29.470 on the chart. Take Profit #1 is at Fib LVL 1.272, Take Profit #2 is Fib LVL 1.414, and Take Profit #3 is at Fib LVL at 1.618. The rest of the Take Profits are at Fib LVLs 2, 2.272, and 2.618. At every Take Profit i will take half of my position off and leave the rest running, after Take Profit #1 is hit I move my Stop Loss down to break even.
NET Crossover Swing IdeaNYSE:NET
Planning to enter at open tomorrow so long as we are above 81.50
SL: 78.81 (just below today's LOD)
TP: 90.57 (just at/below resistance level and very near my ATR multiplier target)
Headwind/Trim: 86.91 (strong high test)
Max Date: 10/2/24 at market open
Planning to buy:
Oct18 82.5c for ~3.80
AAPL Crossover Swing IdeaNASDAQ:AAPL
Planned entry:
Anywhere near between 228.25 and 230.54
SL: 222.14
TP1: 233.09 (first touch of big supply)
TP2 237.23 (ATH's)
TP3: 245.87 (Ultimate target based on ATR multiplier for a 2.2 ratio trade)
Max Date: 10/2/24 at market open
Planning to buy:
Oct4 +230c / -235c vertical spread for roughly 2.14 with max gain of 2.91 at exp
CVNA Crossover SwingNYSE:CVNA
Daily crossover triggered
Planning to buy at market open on 9/17 so long as we are above 148.85 (HOD on 9/3). Ideally, we stay above 152.33 (HOD on 8/30, last trading day of August)
What I'm buying:
With the way that CVNA tends to move, I'm opting for a vertical debit spread here.
Sep27 +155c/-165c for a debit of roughly 3.30, and a max gain of roughly 6.70 at expiration, which is also the max date of this trade.
Using an ATR of 7.77, targets are as follows:
SL: 141.62
TP: 177.35
Max Date: Market Open of Friday, 9/27
^^As always, whichever of these hits first
Additional levels:
159.85 - Recent Strong high
179.24 - This level is above our TP, but note this level when looking back on the weekly chart
HOOD Swing Idea - short-termNASDAQ:HOOD is triggering the 5/10 ema cross on the daily and looks good in this spot here.
I'd like to see it get over the 50d SMA (20.63 currently) for added confirmation. If it opens above, I'll be buying at market open.
Using the daily ATR of .98, my exits are as follows:
SL: 19.26
TP1: Trim at 21.36 (some intraday supply here)
TP2: 22.83 start of supply zone
TP3: 23.69 only if showing signs of strength through supply, and only runner(s).
Max Date: Market Open of 9/24.
^^^If SL or TP levels have not been hit by max date, I'll exit at that time.
What I'm buying:
I like the Sept27, 20.5c's, currently 1.06, or a safer version is the Oct 20c at 1.86.
1hr chart showing small supply zone
XLK Crossover IdeaAMEX:XLK
Standard crossover idea:
Buying at open so long as we open or push above yesterdays close.
Looking at an Oct contract
Oct18 215c for roughly 9.7 (I'll try to buy at the mid)
Using the ATR of 5.7 -
SL: 215.89 (just below YLOD and 100d SMA)
TP1: 227.37 resistance
TP2: 232.17 supply zone test
TP3: 238.12 ATH's test
Max Date: Market open of 9/25/24
**As always, if targets are not met by max date, I will exit full no matter the p/l.
Also keep in mind that there are certainly more catalysts ahead next week with the rate decision.
ALGN Crossover Swing IdeaNASDAQ:ALGN
Crossover has triggered on the daily, which is a sign for entry on the next trading day (Monday). However, with this stock, I first want to see it clear 245. If you look left on the daily, this level was a gap and go spot, and has since been tested several times as both support and resistance.
Given that, if it opens above 245, I'll look for a pull back to that level, if it opens below, I'll look for a smaller time frame confirmation above it.
SL: 229.37 (just below Friday's LOD)
TP: 271 (Previous strong high and top of daily supply)
A safer TP would be the 265 area, which can also be a good trim level (start of supply).
Possible further headwind at 255
Max Date: Market open on Thursday the 26th
^^As always, if targets have not been reached by max date, I will exit at market open.
What I'm buying:
Not a high-liquidity options trader, but the Oct18 cons have some OI. I'm looking at a vertical debit spread, buying the 250c, selling the 260c for a debit of ~3.60 and max gain of ~6.40 (at expiration, if the underlying is over 260).
Roughly, the spread is expected to loose 1.81 and gain 3.67 on the Max Date
NVDA Weekly Crossover SwingNASDAQ:NVDA
I posted my NVDA daily crossover idea (see below), this one is the weekly (they have both triggered)
Additional Trigger:
No additional trigger needed here, although the daily swing triggers could be used for a better r/r.
SL: 100.29 (1.4 weekly ATR multiplier)
TP: 160.00 (3.2 weekly ATR multiplier)
Max Date: Week end on Friday, November 8th (yes, 8 full weeks!)
^^As always, which ever hits first
Additional levels to consider trims/rolls:
131.26 - Previous strong high, possible liquidity grab
136.15 - Previous high
137.90 - Supply zone touch just before ATHs
140.76 - ATH
150.00 - Possible psychological level
What I'm targeting to purchase:
Personally, I will be employing a deep ITM option strategy, where I look to roll UP at key levels, which is just another way of taking money off the table while remaining in the trade.
There are a variety of ways to play this trade, as it could take up to 8 full weeks before targets get hit (if they do).
I will be targeting the Nov contract with roughly an .80 delta (currently the 100c), and will look to roll up 5 dollars worth in strike prices (from 100c to 105c then to 110c, etc) each time the rollup would be a credit of 4.00 or more.
Like I said, many other ways of taking this trade, including just buying a further dated contract, ITM, ATM, or OTM and staying parked in it.
NVDA Daily Crossover Idea for further reference:
NVDA Daily Crossover SwingNASDAQ:NVDA
NVDA has triggered both the daily and the weekly crossover. Both can be approached as separate trades, this is just the daily outline.
Additional Trigger:
Only to try and get a better R/R based on the S&D zones, I would aim for an entry around Thursday's LOD (115.38).
A more safer approach would be the 114.11 test, which would be a .5 fib retracement from the previous Strong Low
SL: 106.60 (1.4 ATR multiplier, and just inside heavy demand zone)
TP: 135.57 (3.2 ATR multiplier and just below a possible liquidity grab)
Max Date: Market Open Thursday, 9/26
^^As always, which ever hits first
Additional levels to consider trims/rolls:
125.61 - Supply zone touch
131.26 - Previous strong high, possible liquidity grab
134.14 - Supply zone touch
What I'm targeting to purchase:
If we get the pullback to 115.38, I'd like the Oct18 115c for around 6.65 per con.
At max date, the con is expected to lose 3.89 or gain 15.10, based on original SL and TP levels.
$ELF Bouncing Past the 9 & 21 Day Moving AverageNYSE:ELF On average, technical analysts often observe that when a stock crosses above both the 9-day and 21-day moving averages, there is approximately a 60-70% chance that the upward trend will continue. Conversely, when a stock crosses below both averages, there is about a 60-70% chance that the downward trend will persist.
Here are some general figures:
Bullish Continuation: 65% probability that the stock will continue an upward trend after crossing above both the 9-day and 21-day moving averages.
Bearish Continuation: 65% probability that the stock will continue a downward trend after crossing below both the 9-day and 21-day moving averages.
These figures are generalized estimates based on typical market behavior and may vary depending on specific stock characteristics and broader market conditions. Always consider conducting specific #backtesting and analysis for the particular stock or market you're interested in for more accurate predictions.
BITCOIN: MACD bullish crossover is imminent.BINANCE:BTCUSDT (1D CHART) Technical Analysis Update
- BTC is currently trading at $61,400 and is showing an overall bullish sentiment.
- From a MACD perspective, a bullish crossover appears to be imminent, signaling continued bullish momentum for Bitcoin.
- The MACD crossover is observed on the daily chart following the recent correction due to recession fears. A confirmed crossover could renew optimism for Bitcoin, potentially pushing the price above the $70,000 barrier.
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Cheers
GreenCrypto
SUPREME INDUSTRIES TRADING IDEACup & Handle Breakout with good volume.
Stock can go as marked on the chart
Technicals
—Bullish Crossover
—Above 20 EMA
—Higher High breakout
—RSI 71
Fundamental
Stock P/E 44.2
ROCE 26.8%
ROE 21.0 %
Market Cap ₹38,226Cr.
educational purpose only!✨
Do your research before making any investment🥂
How to Read the MACD Indicator and Use It in Your TradingTechnical analysis is a vast field with thousands of indicators, which may be confusing to those among us who are just starting out. In this Idea, we look at one of the most popular indicators and also one of the easiest ones to fire up and start using from Day 1.
MACD (Moving Average Convergence Divergence)
MACD is arguably the most widely used indicator that can get slapped on virtually every chart out there. The indicator’s full name is Moving Average Convergence Divergence, but you don’t need to remember that.
If you need to take away one thing, it’s this: MACD is easy to read. Here’s how to do it.
Technical Side of Things
Add the MACD in your chart of choice — any chart, any time frame.
You’ll see three default numbers used to set it up — 12, 26, 9.
The 12 is the moving average of the previous 12 bars (also called faster moving average).
The 26 is the moving average of the previous 26 bars (also called slower moving average).
The 9 is the moving average of the difference between the two averages in play.
Next, you see that there are two lines that move up and down and cross each other occasionally. The two lines are:
The MACD line: the difference between the two moving averages and the “faster line”.
The Signal line: the moving average of the MACD line and the “slower line”.
Because the two lines measure price changes at different speeds, the faster one (MACD) will always run ahead and react before the slower one (Signal) catches up.
How to Trade with MACD
If all that sounds a bit complex, here’s the gist of it:
Faster line leads, slower line follows.
Faster line crosses slower line to the downside — a downward trend may be forming.
Faster line crosses slower line to the upside — an upward trend may be forming.
Technically, whenever a new trend is shaping up, the slower line should confirm it by following the faster line. And that happens when the two cross over. The way to potentially spot new trading opportunities is to look for the crossover.
This, in a nutshell, is how to read the MACD indicator and use it to help you become a more profitable trader. There's a whole plethora of MACD examples in action — dive right in !
Let us know your thoughts and experience with the MACD in the comments below!
XPTUSD has cross-over and shows short opportunity XPTUSD has broken its bottom trendline with a 3 EMA crossing over the 10 EMA to the downside. At the same time we're getting the EMAs crossing over the Stochastic is heading down and crossing over the 50% mark giving three confluences to look for shorts
Ill be targeting a 1% move down underneath a support i have drawn out on the 4H chart
Finding MACD Crossovers On TradingViews Screener 2.0The MACD is one of the most often used indicators by traders of all levels due to its ability to communicate a wide variety of signals such as momentum, value, change of direction etc.
Here is how to use TradingViews new 2.0 Screener to easily spot and get alerts for stocks that meet these conditions.
If I was to make this video again, what I would do is instead of showing stocks that have JUST crossed today. I would show stocks that have crossed but are still below the zero line - so they may have had a couple of days of momentum to show the strength of the change in direction.
You can of course take this same approach with pretty much any common indicator and settings you wish to apply.
Hope its useful.
Beating the S&P500 (SPX) Buy&Hold strategy by 16 timesS&P500 (SPX) strategy using Stochastic RSI Min-Max, normalized Volatility and Trailing Stop signals, beats the Buy&Hold strategy by 16 times
Embarking on the quest to time the market accurately, the 'Holy Grail' of strategies, led me to create a script to approach this goal. Unlike other strategies that I tested, this one not only surpasses the long-term S&P500 Buy&Hold approach but does so by a remarkable 16.38 times!
Initially, I employed an A.I. program based on an LSTM Neural Network using TensorFlow. Despite achieving a 55% next-day prediction accuracy for short/long positions, I sought improvement using a heuristic pine-scripting approach, incorporating stochastic RSI oscillators, moving averages, and volatility signals.
With default parameters, this strategy, freely available as "XPloRR S&P500 Stock Market Crash Detection Strategy v2" delivered a staggering 2,663,001% profit since February 1871. In the same period, the Buy&Hold strategy "only" generated 162,599% profit. Picture this: a $1,000 investment in 1871 would now be worth $26,630,014 by February 2024. Check it out for yourself loading this strategy.
The script operates as a Stochastic RSI Min-Max script, automatically generating buy and sell alerts on the S&P500 SPX. What sets it apart? The strategy detects "corrections," minimizes losses using Trailing Stop and Moving Average parameters, and strategically re-enters the market after detecting bottoms using tuned Stochastic RSI signals and normalized Volatility thresholds.
Tailor its parameters to your preference, use it for strategic exits and entries, or stick to the Buy&Hold strategy and start new buy trades at regular intervals using buy signals only. In the pursuit of minimizing losses, the script has learned the effectiveness of a 9% trailing stop on trades. As you can clearly see on the upper graph (revolving around 100), the average overall green surfaces (profits) of all trades are much bigger than the average red surfaces (losses). This follows Warren Buffets first rule of trading to "Never lose money" and thus minimizing losses.
Update: Advanced S&P500 Stochastic RSI Min-Max Buy/Sell Alert Generator
I have also created an Alerter script based on the same engine as this script, which auto-generates buy and sell alert signals (via e-mail, in-app push-notifications, pop-ups etc.).
The script is currently fine-tuned for the S&P500 SPX tracker, but parameters can be fine-tuned upon request for other trackers or stocks.
If you are interested in this alerter-version script or fine-tuning other trackers, please drop me a message or mail xplorr at live dot com.
How to use this Strategy?
Select the SPX (S&P500) graph and set the value to "Day" values (top) and set "Auto Fit Data To Screen" (bottom-right).
Select in the Indicators the "XPloRR S&P500 Stock Market Crash Detection Strategy v2" script and set "Auto Fit Data To Screen" (bottom-right)
Look in the strategy tester overview to optimize the values "Percent Profitable" and "Net Profit" (using the strategy settings icon, you can increase/decrease the parameters).
How to interpret the graphical information?
In the SPX graph, you will see the Buy(Blue) and Sell(Purple) labels created by the strategy.
The green/red graph below shows the accumulated profit/loss in % of to the initial buy value of the trade (it revolves around 100%, 110 means 10% profit, 95 means 5% loss)
The small purple blocks indicate out-of-trade periods
The green graph below the zero line is the stochastic RSI buy signal. You can set a threshold (green horizontal line). The vertical green lines show minima below that threshold and indicate possible buy signals.
The blue graph above the zero line is the normalized volatility signal. You can set a threshold (blue horizontal line) affecting buy signals.
The red graph above the zero line is the slower stochastic RSI sell signal. You can set a threshold (red horizontal line). The red areas indicate values above that threshold.
However real exits are triggered if close values are crossing below the trailing stop value or optionally when the fast moving average crosses under the slow one. The red areas above the threshold are rather indicative to show that the SPX is expensive and not ideal to enter. Please note that in bullish periods the red line and areas can stay at a permanent high value, so it is not ideal to use as a strict sell signal. However, when it drops below zero and the green vertical lines appear, these are strong buy signals together with a high volatility.
These Parameters can be changed
Buy Stochastic Lookback
Buy Stochastic Smoother
Buy Threshold
Buy Only After Fall
Minimum % Fall
Sell Stochastic Lookback
Sell Stochastic Smoother
Sell Threshold
Sell Only With Profit
Minimum % Profit
Use Sell MA
Fast MA Sell
Slow MA Sell
MA Sell Threshold
Use Buy Volatility
Volatility Smoother
Volatility Threshold
Use Trailing Stop
Use ATR (iso of a fixed percentage for the trailing stop)
ATR Lookback
Trailing Stop Factor(or fixed percentage if "use ATR" is false)
Trailing Stop Smoother
Important : optimizing and using these parameters is no guarantee for future winning trades!
BRITANNIA FOR LONG TERM INVESTMENT IDEAAs we can see stock is on ATH and trades above all EMA on day week month TF and retrace with gravestone doji on day TF. looks strong on week & month.
it can go in a further upward direction.
TECHNICALS
—RSI ABOVE 60 ON ALL TF
—CUP & HANDLE BREAKOUT 5 JUNE WITH GOOD VOLUME
—OPEN MARUBOZU
—BULLISH CROSS OVER
ENTRY IS MENTIONED ON THE CHART
educational purpose only!✨
Do your research before making any investment🥂