Bearish crossover on daily chartTo confirm my idea three days ago, I said (almost crossover) on the MACD chart. Today, the crossover happened, which is a bearish signal (MACD under Signal). I still think we are moving towards the support of the uptrend channel, with shorter uptrends and downtrends.
Another thing to watch is the ascending triangle more visible in the 4 hr chart.
My updated target is at 107 EURO
Crossover
BTC - Does history repeat itself or only rhyme?Either way it's going to be great! We got a weekly close significantly over the $7,300 to $7,600 mark I was looking for. This keeps the price over the multi-year trend (top line of white channel). As you can see in the yellow circles the last time this happened the price continued to climb for weeks to follow. Also the 20 and 40 week moving averages are closer to crossing. Another BIG plus. All-in-all the weekly chart speaks for itself. This all looks bullish to me. Not the gloom and doom FUD I keep seeing. Will the price continue to dramatically rise and fall? Sure, you can count on it. But the overall trend is bullish IMO and will remain so for quite some time.
Good luck!
IOTA Bullish Crossover of MA at Midnight. #IOTAUSDFollowing on from my last idea early today, "A Look at Iota on 2hr candle" we can see that the idea is playing out nicely so far.
We can now also see that a bullish crossover is going to happen at midnight. This should kick off the weekend with a bang for iota.
I expect to see iota start moving up to $0.5 over the weekend.
VERGE USD 1D 2 PERIOD RSI STRATEGYStep 1 Add RSI to chart
Change RSI period setting to 2
Change RSI levels to 5 & 95
Step 2 Sell when the 2-period RSI indicator crosses above the overbought 95 level or
Buy when the 2-period RSI indicator crosses below the oversold 5 level.
Step 3 Find appropriate SL
Step 4 Take Profit when the 2-period RSI indicator crosses
Sell-below oversold 5 level/Buy-above overbought 95 level
BTCUSDT 1H PARABOLIC SAR & MOVING AVERAGE TRADING STRATEGYIn this strategy, you are going to learn about a trading strategy that uses the how to use parabolic SAR indicator (Stop And Reversal) trading tool, along with two moving averages trading strategy to catch new trends on the reversal and continuation of the trend.
If the dot is below the candle this can be a signal to BUY or an uptrend. When the change occurs (the dot goes from below to above the next candle) this indicates a potential price reversal may be happening or a bearish pullback and bullish continuation move.
Some may think why not just trade the dots. When it reverses, just make an entry at that price. Technically you can trade like this and may win some, but this is a very risky way to trade this indicator. You need other tools to validate this potential trend.
Here are the indicators you need to apply on your chart to use this trading strategy:
Parabolic Sar strategy: Default Settings
20 Length Moving Average= Blue color
40 Length Moving Average= Red color
Rule #1- Apply Parabolic SAR system and Moving Average indicators to chart
Rule #2- The Parabolic SAR Indicator must change to be below price candle for uptrend.
Notice how the dots were above the price. The parabolic stop and reversal (sar) formula was that the price stalled out for a few hours and then the dot appeared below the candle.
Rule #3- Another element that must occur is the moving averages must cross over.
In a long trade, the 20 period moving average will cross and go above the 40 periods moving average.
So now the 20 period moving average is above the 40 period moving average. Also the dot appears below the price candle.
Rule #4- Parabolic SAR dot must be below price candle AND moving averages cross to where 20 period MA is above 40 period MA.
Note** One of these elements may occur before the other. The reversal dot can appear before the MA lines cross. Or the Moving averages can cross before the reversal candle. As long as there are both elements, the entry criteria are met.
Rule #5- Enter The Next Price Candle...
Enter (BUY) the very next price candle after the dot appears below the candle. You can see on our chart where we entered the trade. Waiting for one candle after makes sense because this proves to us that this reversal is strong. The moving averages are supporting the uptrend + the dot is signifying an uptrend.
Rule #6- Stop loss / Take Profit
Follow your own SL plan
Take Profit is taken when the 20 and 40-period lines cross over again. OR when the dot reverses appears at the opposite side of the candle. Moving average crossover will give you a larger profit.
If SELL trade just adjust above
I have added the Waddah Attar Explosion Volume Indicator - type in Indicator search: Public Library "WAD"
This helps filter a better entry when volume hits the band and blue dotted line
BNB/BTC cross plays ahead of speculated altcoin decoupling.BNB/BTC stickiness might be something to watch for in the future, but as BTC bulls rally on to 5,700 resistance before a 6,000 breakout, Binance yet lacks the heft to overtake Bitcoin as influencer. On cursory analysis, BNB appears to be entering a short period of ranging, but whether this actually happens may depend largely on BTC's continued effect on the altcoins, taking to a trend cycle with robust volatility to keep BNB's home mill on the upswing. As the market for crypto continues to grow it will be interesting to see if BNB will remain neutral enough to benefit from global participation.
Of course, this is all speculation, I have more questions than answers about this market, but what do you think: What factors make BNB vs. BTC so exciting, and what plays should traders be considering, and where?
ETHUSD 4H EMA TRADING STRATEGYStep #1: Plot on your chart the 20 and 50 EMA
The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA.
Most standard trading platform come with default moving average indicators. It should not be a problem to locate the EMA either on your MT4 platform or Tradingview.
Step #2: Wait for the EMA crossover and for the price to trade above the 20 and 50 EMA.
The second rule of this moving average strategy is the need for the price to trade above both 20 and 50 EMA. Secondly, we need to wait for the EMA crossover, which will add weight to the bullish case.
We refer to the EMA crossover for a buy trade when the 50-EMA crosses above the 50-EMA.
By looking at the EMA crossover, we create an automatic buy and sell signals.
Since the market is prone to false breakouts, we need more evidence than a simple EMA crossover. At this stage, we don’t know if the bullish sentiment is strong enough to push the price further after we buy to make a profit.
To avoid the false breakout, we added a new confluence to support our view. This brings us to the next step of the strategy.
Step #3: Wait for the zone between 20 and 50 EMA to be tested at least twice, then look for buying opportunities.
The conviction behind this moving average strategy relies on multiple factors. After the EMA crossover happened, we need to exercise more patience. We will wait for two successive and successful retests of the zone between the 20 and 50 EMA.
The two successful retest of the zone between 20 and 50 EMA gives the market enough time to develop a trend.
Never forget that no price is too high to buy in trading. And no price is too low to sell.
Note* When we refer to the “zone between 20 and 50EMA,” we actually don’t mean that the price needs to trade in the space between the two moving averages.
We just wanted to cover the whole price spectrum between the two EMAs. This is because the price will only briefly touch the shorter moving average (20-EMA). But this is still a successful retest.
Now, we still need to define where exactly we are going to buy. This brings us to the next step of the strategy.
Step #4: Buy at the market when we retest the zone between 20 and 50 EMA for the third time.
If the price successfully retests the zone between 20 and 50 EMA for the third time, we go ahead and buy at the market price. We now have enough evidence that the bullish momentum is strong to continue pushing this market higher.
Now, we still need to define where to place our protective stop loss and where to take profits. This brings us to the next step of the strategy.
Step #5: Place the protective Stop Los 20 pips below the 50 EMA
After the EMA crossover happened, and after we had two successive retests, we know the trend is up. As long as we trade above both exponential moving averages the trend remains intact.
In this regard, we place our protective stop loss 20 pips below the 50 EMA. We added a buffer of 20 pips because we understand we’re not living in a perfect world. The market is prone to do false breakouts.
The last part of our EMA strategy is the exit strategy. It is based again on the exponential moving average.
Step #6: You decide or Take Profit once we break and close below the 50-EMA
In this particular case, we don't use the same exit technique as our entry technique, which was based on the EMA crossover.
If we waited for the EMA crossover to happen on the other side, we would have given back some of the potential profits. We need to consider the fact that the exponential moving averages are a lagging indicator.
The exponential moving average formula used to plot our EMAs allow us to still take profits right at the time the market is about to reverse.
BTT (Henkin Ashi) Ichimoku Cloud Break and TK Cross Uptrend LONGAs you can see on both the 2 hour and the 4 we have an ichimoku cloud break as well as a TK Cross when using the Ichimoku System on both the Candle and Henkin Ashi Charting techniques. We also have a Bullish confirmation when looking at the MACD and the RSI and ADX Indicators.. So I would definitely say we are Bullish and stay that way for a little while now!
AAPL on new Bullish Trend! (Golden cross)To identify a Golden Cross , the following usually takes place:
1. There is a downward trend is occurring but is on its last legs because interest in selling declines and eventually begins to be overpowered by stronger buying interest.
2. The emergence of a new trend . It is all about the breakout of the new trend, when the short-term average crosses from below to above the long-term average, forming the golden cross.
3*. The new bullish trend is prolonged...
On another note,
On March 25th, Apple has a big reveal for the Dongle TV (their own firestick/chromecast), a new streaming platform, and more.
I think now could be a great time to go long on AAPL.
I appreciate any feedback!
BEST ICHIMOKU STRATEGY FOR QUICK PROFITSStep #1 Wait for the Price to Break and close above the Ichimoku Cloud .
Ichimoku cloud trading requires the price to trade above the Cloud. This is because it's a bullish signal and potentially the beginning of a new up-trend.
The cloud is built to highlight support and resistance levels. It highlights several layers deep because support and resistance is not a single line drawn in the sand. It is several layers deep.
So, when we break above or below the Ichimoku Cloud , it signals a deep shift in the market sentiment.
A high probability trade setup requires more layers of confluence before pulling the trigger.
This brings us to our next requirement for a high probability trade setup.
Step #2 Wait for the Crossover: The Conversion Line needs to break above the Base Line.
The price breakout above the Cloud needs is followed by the crossover of the Conversion Line above the Base Line. Once these two conditions are fulfilled, we can look to enter a trade.
The Ichimoku Cloud indicator is a very complex technical indicator. The indicator is even used as a moving average crossover strategy.
Now, we’re going to lay down a very simple entry technique for the Ichimoku Kinko Hyo trading system.
Step #3 Buy after the crossover at the opening of the next candle.
Ideally, any long trades using the Ichimoku strategy are taken when the price is trading above the Cloud. Our team at TGS website has adopted a more conservative approach. We added an extra factor of confluence before pulling the trigger on a trade.
So, after the crossover we buy at the opening of the next candle.
Step #4 Place protective stop loss below the breakout candle
The ideal location to hide our protective stop loss is below the low of the breakout candle. This trading technique accomplishes two major things. Here is an example of master candle setup.
First, it’s significantly lowering the risk of losing big money. Second, it helps us trade with the market order flow.
Since this is a swing trading strategy, we’re looking to capture as much as possible from this presumably new trend. We’ll be looking to trail our stop loss level below the Cloud or exit the position once a new crossover happens in the opposite direction.
The next logical thing we need to establish for the Ichimoku trading system is where to take profits.
Step #5 Take Profit when the Conversion Line crosses below the Base Line
We only need one simple condition to be satisfied for our take profit strategy.
When the conversion line crosses below the base line we want to take profits and exit our trade.
Alternatively, you can wait until the price breaks below the Cloud, but this means risking to lose some parts of your profits. In order to gain more sometimes you have to be willing to lose some.
Note** the above was an example of a BUY trade using the advanced Ichimoku trading strategies. Use the same rules for a SELL trade – but in reverse.
A SMA pair that still being the most profitable for 13 years!Hey there!
This is an example of how you can improve and simplify your trading decisions using algorithmic approaches.
Watching this video you can see that SMA 15/16 crossover trading system still being the most profitable combination for the last 13 years on daily AUDCAD.
The most profitable combination of the periods was obtained using Profitable SMA Crossover . You can see this indicator below the price chart. What is intresting is that it uses a decision tree-based algorithm under the hood to find and plot the most profitable SMA combination and that makes it stand out from other technical analysis indicators.
As I promised, this year I will work a lot on optimizing classical indicators and strategies.
Good luck and Happy Trading!
FED rate decision vs technical analysisThe USD/JPY is currently in a weak symmetrical triangle pattern, this is also coincidentally where the 25 MA and the 13 MA look like they will be crossing over in the near future (I would moreover say 13 MA crossing above the 25 MA, indicating a bullish play). Also, the Coppock curve is positive, but is slowly reaching prior resistance, so this could mean a potential rebound if a bullish breakthrough occurs. However, a bullish breakthrough seems more likely since the Fibonacci 0.382 retracement line is providing support to the currency pair.
On the other hand, the FED interest rate decision is tomorrow. So, if the volatility is high and there is a bullish breakthrough, I would be expecting it to be very short-term. If there is a bearish breakthrough, then I would be expecting it to be short-medium term.