LTCBTC - Weekly - falling wedge - bullish sign for LTC vs BTCBelow are some keypoints to support a positive breakout from the falling wedge.
Also check details on "Falling wedge reversal pattern".
Falling wedge signs
- A cone that slopes down
- MACD positive crossover
- MACD positive divergence
- CMF positive crossover 0.0
- Volume increase
- TD counter is at 9 for the weekly
Maybe we go back down one more time. But Its a good sign if the price rises past the 0.0082 levels my target would then be 0.0098 - 0.011.
Crossover
HOW TO TRADE AN EMA STRATEGY ON THE EURAUD 4HStep #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.
Now, we’re set to go a look more closely to the price structure. This brings us to the next step of the strategy.
Step #2: Wait for the EMA crossover and for the price to trade BELOW the 20 and 50 EMA .
The second rule of this moving average strategy is the need for the price to trade BELOW 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 SELL trade when the 20-EMA crosses BELOW 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 bearish sentiment is strong enough to push the price further after we sell 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 once since the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50. After the EMA crossover happened, then look for selling opportunities.
The conviction behind this moving average strategy relies on multiple factors. After the EMA crossover happened, we need to exercise more patience.
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 sell. This brings us to the next step of the strategy.
Step #4: Sell at the market when we retest the zone between 20 and 50 EMA for the first time.
We go ahead and sell at the market price. We now have enough evidence that the bearish momentum is strong to continue pushing this market lower.
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 Loss 20 pips above the 50 EMA
After the EMA crossover happened, and after we had two successive retests, we know the trend is down. As long as we trade below both exponential moving averages the trend remains intact.
In this regard, we place our protective stop loss 20 pips above 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: Take Profit once we break and close above the 50-EMA or you determine the TP strategy
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.
Note** The above was an example of a SELL trade. However, because the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50. After the EMA crossover happened.Use the same rules – but in reverse – for a BUY trade except wait for 2 retest of 20/50 ema zone then enter on the 3rd retest. The two successful retest of the zone between 20 and 50 EMA gives the market enough time to develop a trend.
AUDUSD 15M ICHIMOKU STRATEGY SHORT TRADEAUDUSD 15m shows triggers when to enter and exit
AUDUSD 1H and $H show Bearish confirmation
Step #1 Wait for the Price to Break and close below the Ichimoku Cloud
Ichimoku cloud trading requires for the price to trade below the Cloud because that’s a bearish signal and potentially the beginning of a new down-trend.
The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance are not a single line drawn in the sand, but several layers deep.
So, when we break above or below the Ichimoku Cloud that signals a deep shift in the market sentiment.
A high probability trade setup requires having 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 (Blue) Line needs to break below the Base (red) Line.
The price breakout below the Cloud needs to be followed by the crossover of the Conversion Line below the Base Line. Once these two conditions are fulfilled only then we can look to enter a trade.
As you can notice the Ichimoku Cloud indicator is a very complex technical indicator that can be used even 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.
See below…
Step #3 Sell after the crossover at the opening of the next candle
Ideally, any short trades taken using the Ichimoku strategy are taken when the price is trading below the Cloud. Our team at TGS website has adopted a more conservative approach and added an extra factor of confluence before pulling the trigger on a trade.
So, after the crossover we sell at the opening of the next candle.
Step #4 Place protective stop loss above the breakout candle
The ideal location to hide our protective stop loss is above the high of the breakout candle. This trading technique accomplishes two major things. Here is an example of master candle setup.
Firstly, it’s minimizing significantly the risk of losing big money and secondly, 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 and 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.
See below…
Step #5 Take Profit when the Conversion Line crosses above the Base Line
We only need one simple condition to be satisfied for our take profit strategy.
When the conversion line crosses above 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 SELL trade using the advanced Ichimoku trading strategies. Use the same rules for a BUY trade – but in reverse.
USDJPY 4H TRADESPrice has crossed above the 50 sma
Price can return to the 50 sma and then
Long Trade
Price can bounce bullish and return to the 100 sma
Watch for Macd to cross above the Red signal line
Take Profit will be the 100 sma area
Buy Limit 2 112.31
Buy Take Profit can be 30 pips or 100 sma area or 112.85
Short Trade
Price can break below the 50 sma
Macd is falling
Mac below Red signal line
Watch Macd to cross below red zero line
I have a bearish bias short trade
Once price breaks below fractal low could start a new bearish trend for 100 pips
Bullish crossover on the daily, bullish pennant on the 4HBitfinex: Another bullish signal that BTCUSD will be going up very soon. On the daily chart we are about to have an upwards cross of the MA7 and MA20 moving averages. As you can see in the circled areas, each time this cross has been followed with a significant price rise. BTC should retest MA200 at around $7200. The bear market is not over until there is a daily candle close above MA200.
We also have a bullish pennant forming on the 4 hour chart. Looks like a breakout is imminent. Hopefully to the upside. Stochastics show oversold but RSI can still go either way so tread carefully. My target remains $7150.
EURAUD (H4): Triple Top Short OpportunityEURAUD
Timeframe: H4
Direction: Short
Cofluences:
- Triple Top Resistance
- H4 Short Term Trendline Broken
- Crossover of 8EMA and 50EMA
Trade Suggestion:
Entry @ 1.6220
SL: 1.6375
TP1: 1.6013
TP 2:1.5886
Risk : -152 pips
Reward: +334 pips
Risk/Reward: 1:2.20
May the pips move in our favour! Good luck! :D
SPN Long MACD Oscillator Superior Energy Services Long NYSE:SPN
MACD Oscillator .
Will go long at when MACD Oscillator crosses up most likely around the price $9.19 and limit order set for 3% above that price where MACD Oscillator will most likely cross back down.
15 Minute Chart Used for Superior Energy Services
GBP/USD Short Setup- Breakout of parallel channel
- Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210)
- EMAs crossover with price action below supporting bearish bias
- Bearish sentiment on sterling with uncertainty looming over brexit
- Price seems to be heading back towards the 1.3000 psychological level
- 60 pips target with 30 pips stop
EURAUD 1H BEST ICHIMOKU STRATEGYStep #1 Wait for the Price to Break and close above the Ichimoku Cloud
Ichimoku cloud trading requires for the price to trade above the Cloud because that’s a bullish signal and potentially the beginning of a new up-trend.
The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance are not a single line drawn in the sand, but several layers deep.
So, when we break above or below the Ichimoku Cloud that signals a deep shift in the market sentiment.
Step #2 Wait for the Crossover: The Conversion Line needs to break above the Base Line.
The price breakout above the Cloud needs to be followed by the crossover of the Conversion Line above the Base Line. Once these two conditions are fulfilled only then we can look to enter a trade.
As you can notice the Ichimoku Cloud indicator is a very complex technical indicator that can be used even as a moving average crossover strategy.
Step #3 Buy after the crossover at the opening of the next candle
Ideally, any long trades taken 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 and 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 You choose SL or 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.
Firstly, it’s minimizing significantly the risk of losing big money and secondly, it helps us trade with the market order flow.
Step #5 You choose your Take Profit or 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.
UC Ready For Another Strong Bearish Move?USDCAD is still struggling to break the support zone at 1.315 - 1.316. However, looking at the 1H chart we see multiple indications of a downtrend.
1. Price got rejected of Fibonacci R2 level and have seen a downward move since
2. After rejection, price came back below R1 and then crossed back to the upside but failed to stay above forming a Lower High
2. Price did not complete a lower low, however, did see the closing price lower than since we broke above the support level
3. 5 EMA and 10 EMA have crossed the 21 EMA
4. 5, 10, 21 EMA are all below the 50 SMA
5. Price is well below the 50 SMA
6. We closed the week just below the 100 SMA on the 1H time frame (SMA is in the middle of the candles body at the moment).
7. 200 SMA in a neutral position with no slope after a slope downward indicating price may be consolidating for a strong bearish move
7. MACD has crossed to the downside with a weak move on the upside prior to the crossover
If you see others indications for the bearish move or if you see reasons for this pair making a bullish move, please comment below. I'd love to hear your feedback.
Happy trading.
2] How to use Traders Dynamic Index and Complementary OverlayWe here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit.
On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down until price could breakout Phaser which had much importance.
Price breakout of black Midline meant clear reversal and price retraced to it for support with target being HighPhaser or Fibonacci retracement tool for extension target. Entry for this retracement was possible by means of the countertrendline cross.
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Promoting free and highly useful Indicators:
KK_Traders Dynamic Index_Bar Highlighting
Traders Dynamic Index Overlay
"Price Action Channel Master by JustUncleL Restored"
Look out below! 20 EMA crossing 50 EMA, or is it?Now I KNOW that many traders don't like "lagging" indicators like the EMA's. I get it. However, for those that DO see significance in the EMA's the 20 EMA has crossed the 50 EMA on the 4hr chart. This USUALLY means that a steep drop is soon to follow. Having said that I will concede that this crossover is a bit more shallow than most and there is at least one example (March 23rd) where the crossover was super shallow (more so than current crossover) and led to an uptick, though shortlived. I would encourage you to look at the historical data and determine for yourself if this crossover is significant enough to base a decision on. For me, it is. I am confident enough to stay in fiat, even though prices at this moment are tempting, and wait a bit longer for more downside and even better opportunity to increase my BTC count.
Good luck!
ETH long after EMA 30/50 crossoverLooking back at previous price action it's a less risky trade to go long ETH/USD once the EMA 30 is over the 50 on the daily chart. In this case, we are approaching that cross after a breakout from a few months of bearish price action. Once the cross happens I'm looking to go long on either:
Lower high / lower lows
Strong bullish candle after EMA touch (stop loss below EMA 50)
There are two targets I've identified purely from prior resistance. Taken partial profits at TP1, then the rest at TP2. Good luck.
BEST ICHIMOKU STRATEGY for QUICK PROFITS Step #1 Wait for the Price to Break and close above the Ichimoku Cloud
Ichimoku cloud trading requires for the price to trade above the Cloud because that’s a bullish signal and potentially the beginning of a new up-trend.
The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance are not a single line drawn in the sand, but several layers deep.
So, when we break above or below the Ichimoku Cloud that signals a deep shift in the market sentiment.
Step #2 Wait for the Crossover: The Conversion Line needs to break above the Base Line.
The price breakout above the Cloud needs to be followed by the crossover of the Conversion Line above the Base Line. Once these two conditions are fulfilled only then we can look to enter a trade.
As you can notice the Ichimoku Cloud indicator is a very complex technical indicator that can be used even 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 taken 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 and 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.
Firstly, it’s minimizing significantly the risk of losing big money and secondly, 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 and 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.
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. In the figure below, you can see an actual SELL trade example.
1] How to use Traders Dynamic Index and Complementary OverlayTraders Dynamic Index serves for crossover signals and are essential for trade entries and most beneficial when identified on over 30-minute Time Frames as on hourly time frames.
I have made the options available of the oversold (green) 32 level line overlay which is useful in identifying potential buy zones/price.
In KK_Traders Dynamic Index_Bar Highlighting it is also good to note that in uptrends : RSI ranges between Upper Volatility Band, Lower Volatility Band and/or relatively "within" 68 and 50 level lines as it has been doing on hourly time frames on Bitcoin.
Direction and deviation of MBL overlay or Phaser from price is strong indicator of trend direction and price level/zone useful for those who are confused in knowing where price will have to average into.
Promoting free and highly useful Indicators:
KK_Traders Dynamic Index_Bar Highlighting
Traders Dynamic Index Overlay
"Price Action Channel Master by JustUncleL Restored"
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I had not used these guides recently which I have currently published.
If anything (I ever do publish) varies contrary to these indicated guides and the coming guides to be published, the likelihood of failed forecast is augmented.
ETH LEAD to CROSSOVER LAGMy first post of hopefully more to come!
Please note, I have no formal TA training and the lines are just a rough guide to get my main SMA crossover point across. Please also forgive me for my vague phrasing.
A friend and I have been researching and testing a few different neural network models, LSTM and reinforcement. We are now getting deeper into the LSTM model to predict near term price changes, later incorporating market sentiment (positivity) that we will hopefully use to construct a portfolio of non correlated instruments that will be automatically readjusted frequently to push fund allocation towards positive predictions and away from negative ones.
Now to this chart, while we were looking at different models and backtesting strategies we came across a simple program where you can search for the optimal (most successful) lead/lag SMA periods for crossover trading. While this doesn't mean that the crossover periods will continue to perform as well or at all compared to the backtest, it has worked the best so far.
I'm going to be making a small entry if the lead crosses above the lag by 2.5%, with selling to be done when it falls below it by 2.5%
Let's see what happens!