MMP is looking bullish NYSE:MMP is looking bullish, 200 MA and 50 MA are crossing and the stock is trading above 20 MA. The anticipated price movement is shown on the chart, buy now or wait for retest of the 50 MA with a trailing stop daily close below 50 MA, a break of 50$ confirms target around 60$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Movingaveragecrossover
$MINE Golden cross on the 1 hour chartThe hourly chart looks like we have a golden cross coming the next day or two. A golden cross is extremely bullish and price goes parabolic.
#goldencross #mine
Give the chart a like if you like what you see!
GBPCHF EMA's RIBBON strategy Simple and effectiveGBPCHF
Price has broadly moved above the EMA's ribbon its one of the easy method to predict the trend on September 08 the price felled below the ribbon and the selling happened rapidly. Whenever the ribbon is constricted the trend going to reverse and if the ribbon is widen enough still the upside/Downside momentum is intact
In GBPCHF the ribbon was turned upside and its showing some sign of bullish trend. The price trading around 50% Fibonacci level. We can expect short term downward play before the bullish run. Series of bullish candles are formed n H4 timeframe
The swing target would be 1.20500. Stop lose may placed below the 38.2% Fibonacci level
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CLEAN AND PROFESSIONALEUR/USD Swing trade idea!
After a long rally to the upside, finally this pair is showing some reversal signs on daily TF. Looking for a head and shoulder to form on this pair and entering on the right shoulder with fibonacci and daily res confluences. Looking for price action to play out on 4h and 1h timeframes. If you are a more conservative trader you can wait for the trendline and daily support to break and retest to confirm your entry. #tradesafe #theforexdaddy
TRQ DailyHit my scanner this morning. PM volume was way up, has been in an uptrend since the 9EMA and 21EMA crossed over the 200MA.
Looking for entry. Excited about this chart.
NZDUSD short setupThe Kiwi has come under some selling pressure following the latest RBNZ decision, with the central bank expanding QE and giving their strongest hint yet at negative rates - they are in "active preparation."
NZDUSD dropped near a 1-month low in response after already closing below the 21 EMA for the 1st time since mid-May.
Bearish cross in 8/21 EMAs seen which could indicate trend has turned lower.
Conservative stop above recent high eg 67.20.
No fixed profit target but looking for a move to the low 60s.
THE BULLS ARE NOT GONE YET!!I'm sensing strong bullish pressure from the Daily Time-frame. Indicated to the left of the chart is a MA crossover between my Exponential & Weighted Moving Averages. Price recently bounced off of Daily Support towards the end of June. I expect the signal EMA to make a potential crossover with the 200 EMA.
(Orange Line) If that occurs i predict price movements towards Daily Resistance.
Comment below your analysis of GJ
EURCHF 1D MA-X CROSSOVER STRATEGYTim's MA-X Strategy.
This is a Moving Average Crossover or MA-X Trading Strategy setup.
MA-X strategy consists of the 100 period simple moving average (SMA) in red,
and the 20 period exponential moving average in blue.
If the 20 ema is above the 100 sma then we only take buys or longs.
If the 20 ema is below the 100 sma the we only take selss or shorts.
*In this case price is above the 100 sma so we will only take buys or longs.
*This Pair has been in a nice uptrend foe some time.
*It's now pulled back below the 20 ema and consolidating below the 20.
*We are going to look for a close above the 20 ema to go long.
*This trade plan we buy a daily candle close above the 20 ema.
On the breaking candle to enter a full-sized position we want to the volume bar reach up to the volume average.
If it doesn't reach the average but does reach 75% of the average open a ½ size position to reduce risk.
You can calculate the percentage by dividing the first volume average by the second volume average.
You should at least get 75%, if you don't then stand aside on the trade.
The stop loss will be 1.5 x ATR.
The first target will be 1 x ATR.
So the way that works is you get your candle close above the 20 ema that's your entry point.
At that time you look at the ATR of that candle.
You multiply that by 1.5 to get your SL.
You measure that distance behind the entry and that will be your SL.
Then you measure 1 ATR above the entry and that will be your first target.
If after entering the trade the candle closes back below the 20 ema, tke the loss right then.
Do not wait for price to hit the SL.
Our intention is that a breakout above the 20 ema should be explosive and hit our target fairly quickly.
If the momentum goes away we want to shut the trade down without taking a full stop if possible.
When price hits our first target, close half the position for profit and set the SL to break even on the remainder.
Follow stops as price moves in our direction until the market takes us out.
These two rules are the very definition of cuttoing your losses and letting your winners run.
Typically does this by using two positions.
The first position has a stop loss and a take profit.
That position will close automatically when the first target is hit.
The second position will only have a stop loss and not take profit.
This is the position that will be allowed to run.
When the first target is hit we have to manually move our stop up to break even on the second position.
Risk only two percent of your trading account of each trade.
Each position will then only be 1%.
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.
Bitcoin Daily Update (day 251)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018.
Previous analysis /position: “The price of Bitcoin' is currently at a very crucial crossroads. Can it find support above $6,350 and go on to create a higher high? I remain confident that won’t happen, mainly due to the volume.” / Short ETH:USD from $208.45 and short BTC from $6,354
Patterns: Back below bear trend line and looks like it will retest phase 2 of the hyperwave
Horizontal support and resistance: R: $6,371 (trendline retest) | S: $6,339 (bottom of the body from today’s candle)
BTCUSDSHORTS: At support with reversal dojis after the red 9
Funding Rates: Predicted to be 0.0379% in 7 hours, longs paying shorts (0.01% now)
Short term trend (3 day MA): Price below MA, with MA crossing medium and long MAs = full entry signaled
Medium term trend (8 day MA): Still above long MA, watch for it to follow with a bearish cross to provide confirmation
Long term trend ( 34 day MA): Should act as strong resistance
Overall trend: Bearish with full entry signaled
Volume: Selling volume from today and yesterday exceed buying volume on breakout
FIB’s: Using Oct 15th candle) 0.382 = $6,559 | 0.5 = $6,483 | 0.618 = $6,405
Candlestick analysis: Bottom of today’s body is currently support. Watch for price to violate that at any time to confirm continuation of move
Ichimoku Cloud: 4h cloud has thinned out but is also showing resistance at the trend line
TD’ Sequential: Today closed a red 2 below a red 1 and the current candle is a red 3.
Visible Range: Looking back to last November the high volume node is 2X all other nodes and sits at $6,154 - $6,789.
Price action: 24h: -1.57% | 2w: -0.74% | 1m: -3.54%
Bollinger Bands: Bottom band is in line with phase 2 trendline
Trendline: Back below bear trend and testing it for resistance. Expecting phase 2 hyperwave to get retested
Daily Trend: Bearish
Fractals: Up: $6,564 | Down: $6,207
RSI: Back in bearish territory below 50
Stochastic: Daily sell signal did a great job
Summary: Bitcoin' is back below the bear trend line after breaking out on low volume and selling off on higher volume. BTCUSDSHORTS are at support and coming off a recent red 9. Funding rates are getting very expensive for longs on Bitmex, projected in 8 hours is 0.0387% while the most common in 0.01%. Consensio signaled a full entry with today's close based on my guidelines of price < all MA's and 3 crossing 8 and 30. Today was also a daily red 2 below a red 1. The green trendline is how I am drawing my phase 2 line and I think the action outlined above puts it in serious danger of breaking down. The 1 hour chart is approaching the long MA which is angled down sharply while price retests trendline for resistance.
I have scaled into large short positions on BTC’. Funnily enough this is the first time in 2018 that I can remember ETH’ being in a strong position technically that BTC’. ETH’ is still above it’s medium term MA and has not seen the short may making any bearish crossovers as of yet. I do not take this to mean that ETH’ will have stronger support over the coming days and I strongly expect it will continue to fall harder and faster than BTC’ (if we do breakdown). I think this is simply due to over exuberance in alts during the last week. As BTC’ was rallying the alts were rallying harder.
I actually take this as another sign that this isn’t the bottom. When alts found their last bottom it was when BTC’ was rallying hard and people were FOMOing out of alts and into BTC’. Alts continued to crash for weeks (months?) while BTC was making all time highs.
Therefore I have scaled into a small ETH’ short with intentions to add when the MA crossovers signal entries.
BTC 30/50 Day Moving Average Cross TradeBetting on a continuation of this pattern I have observed. At the 30/50 Day MA cross price seems to be consistently at around 38.2 % (0.382 fib level) of the projected down-swing.
I have a time frame target of 6/Sept/2018. The current mean time period between downswings is sitting at 75 days. I have calculated this using the previous 7 downswings (significant because this was when BTC broke out above it's prior 2013 high of $1100)
I decided to get a jump on the cross and enter a few days ago because price action is looking very bearflaggy.
Entry: $6600, Stop: $7100 (comfortably above the 50 Day MA) and Target: $5000. R/R: 3.2
Xrp/Usd LongJust formed a double bottom on the 15m time frame. This is a trend continuation trade in which this is just shy of a 50% retracement from its recent High on Positive Crypto News. Looking for a retest of the most recent high. Stops are below the Double bottom which is also prior Resistance which is now acting as Support.
Get Your Orders Set, The Next Move Will Be A Big One!Previous analysis /position: No trade zone from $400 - $512. If it breaks $512 then I expect it to rally to $680. Setting a stop entry at $516 would be a high probably long. If it breaks down below $400 then I would expect a move to $275 - $300. Set stop entry to short $394.
Patterns: Triangle
Horizontal support and resistance: Strong R: $500 Weak S: $467 Strong S: $400
Long Short Ratio: 70% Long 30% Short
Funding Rates: 0% shorts 0.01% longs according to datamish
12 & 26 EMA’s (calculate % difference): 12:+1.49% 26: +1.77% Posturing for a bullish cross.
50 & 128 MA’s: 50: -0.84% 128: -14.07% | 50 acting as strong resistance. If that is broken a retest of the 128 seems likely.
FIB’s: 0.236 = $368.90 0.382 = $571.35
Candlestick analysis: Weekly inverted hammer/dragonfly
Ichimoku Cloud: Weekly cloud is flat at $721 where the 0.5 FIB is. A breakout of the triangle would re enter the cloud. The top of it is currently in line with the 0.382 FIB (see above). 4h cloud has been acting as support, as has the 1h.
TD’ Sequential: Green 2 on the weekly. If it breaks $515 before Sunday that would provide an entry. Green 2 closed above a green 1 on the daily. If the 3 breaks $485 on high volume that would seem like a good entry in combination with the triangle break.
Visible Range: Largest volume profile in the last 24 hours is $470 | $466 over the last 5 days and 1 month | $451 over the past 6 months | $300 over the past year with $451 being the runner up. A breakdown of $435 - $451 would be very significant.
Bollinger Bands: Above MA on daily, below on weekly. Daily is getting tight and the volume is coming down, confirming my belief that the next move will be a big one.
Trendline: Hyperwave line has ten points of contact (that I count). If it breaks down with conviction it would be a high probability short.
Daily Trend: Chop
Fractals: UP = $515 DOWN = $439
On Balance Volume: In the same triangle on the daily. Sneaky bearish div' on the weekly.
Chaikin Money Flow: Looks good on the weekly. Testing 0.05 on the daily.
Buy/Sell Sentiment on Trading View:
RSI: 50 on the daily. 45 on the weekly. No div’s to speak of.
Stoch: Weekly looks like it should give a buy signal soon. Daily just re crossed at 40.
Conclusion: Have had an order set since the 20th to short the breakdown and I’m ready to do the same if we break to the upside. Stop order is set to buy as $517. If I am at my computer and we break $488 with conviction then I will start entering earlier. I also have an order to short $394. Each order is for 50% of my desired position because I very rarely like entering all at once. I will be watching closely for a breakdown of $439 on high volume and that would cause me to enter earlier. Profit target would be $650 for a long and $300 for a short.
Bitcoin Cash [BCC] looking to continue to the short sideBCC Still Continues To Seem Bearish.
1) Moving Averages are about to cross Bullish and price action is underneath the MA trend lines.
2) Formed a Head & Shoulders pattern and the pattern confirmed. Expected Target for this is $684.
3) A long term trend line was drawn from the start of Nov 2017 until today. This trend line lies right above the Short Target from the H&S. Price could bounce off of this (approximately $789 ) as support or either bounce from the H&S target. I listed the difference from Target 1 and Target 2 which is about a 12.5% difference in price.
4) We are currently forming a downward channel if zoomed in to our current price region.
What do you think?
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