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USDJPY - Pivot - Keltner - Sto - ADX 1 April 20211. Identify the trend * On the chart: a. Part of Dow theory: multi-trades active at the impulse waves. Uptrend trend: - HH / Higher High: The following peak is higher than the previous one . - HL / Higher Low: The back bottom is higher than the previous one . Downtrend: - LL / Lower Low: The back bottom is lower than the previous one . - LH / Lower High: The posterior peak is lower than the previous one b. Keltner price channel: - Uptrend: Go above Upper 2 - Downtrend: Down to Lower 2 * Under Chart: Stochastic indicator: 21 past candles - Uptrend: Index K and D surpass 80 - Buy zone: Index D is large 80. ---------------------------- - Downward trend: K and D indexes go down to 20. - Sell zone: Index D is less than 20. RSI indicator: 21 past candles - Uptrend: value exceeds 80 | - Downward trend: value exceeds 20. ADX indicator: Used to identify a strong trend - ADX smooth: 9. - DI: 9 2. Entry point: - Buy: wait to buy on the Basis Keltner channel. - Sell (sell): wait for sell at the Basis Keltner channel. 3. Take profit, stoploss ATR indicator (20) ( Average true range ) * 2
Long
by dinhchien
CADCHF | Dow - Keltner - RSI - Stochastic - ADX 1 April 20211. Identify the trend * On the chart: a. Part of Dow theory: multi-trades active at the impulse waves. Uptrend trend: - HH / Higher High: The following peak is higher than the previous one. - HL / Higher Low: The back bottom is higher than the previous one. Downtrend: - LL / Lower Low: The back bottom is lower than the previous one. - LH / Lower High: The posterior peak is lower than the previous one b. Keltner price channel: - Uptrend: Go above Upper 2 - Downtrend: Down to Lower 2 * Under Chart: Stochastic indicator: 21 past candles - Uptrend: Index K and D surpass 80 - Buy zone: Index D is large 80. ---------------------------- - Downward trend: K and D indexes go down to 20. - Sell zone: Index D is less than 20. RSI indicator: 21 past candles - Uptrend: value exceeds 80. - Downward trend: value exceeds 20. ADX indicator: Used to identify a strong trend - ADX smooth: 9 - DI: 9 2. Entry point: - Buy: wait to buy on the Upper Keltner channel. - Sell: wait for sell at the Lower Keltner channel. 3. Take profit, stoploss ATR indicator (20) ( Average true range ) * 2
Long
by dinhchien
BTC bitcoin short. mothly close pivot reversionTarget is the incoming pivot and L3 you see on chart. Keep in mind this last day of price action could adjust those incoming levels to come in both lower or higher the the monthly close. However that will only mean the retrace comes from a highe point. Easy to avoid risk by average cost entry up small to large. Or if bullish you ought to wait until the monthly pivot magnet hits to enter a long. Places where you could manage risk are the monthly H4 on chart. or also the daily/weekly H4 areas. at around 60300. it is worth noting that btc has retrace to its newly developed pivot when price opens away from the current price or just prior to its close the last 37 out of 39 monthls. Cant really argue with those backtest stats. You could look into that yourself if curious
Short
by Gunslinger2005
1
BTC/USD Nearly All Key Historic Support/Resistance LevelsI have made the chart available to use/edit (Link in the comments, if it gets approved) You can use the object tree tab (bottom right) to hide or show certain resistance groups to make it less cluttered. Don't take the prediction too seriously, was just a conservative estimate for fun. Key: Multicoloured horizontal - Fibonacci extention from previous bear market bottom to bull market top Orange horizontal - Previous Highs Red diagonals - Previous 2 bull run peaks (probably new floor, I would be bearish if broke below) White diagonals - Pivot point (Key highs and lows charted across a key pivot point) Purple diagonals - Uptrend bottoms (Deeper correction more likely if breaks below) Cyan/Blue EMA - 15/55 EMAs (If the 15 falls below the 55 on D/W candles possible indication of correction and/or bearmarket) Yellow/Orange MA - Golden Cross (50/200 MA on D/W candles, yellow falling below orange is bad news, moving above good news) Red MA - (21 MA on W candles, historically BTC has used this as support during bullruns, ie good buy points, fall below is bad news) BITFINEX:BTCUSD
BITFINEX:BTCUSD
by CryptoWithCrash
2
Trade USDBRO like a pro with RSI/MACD Strategy Above was forecast for oils movement to retest 65. The forecast was spot on and was done so by correlating RSI and MACD playouts while mapping the key support zones. This will be a detailed explanation of this simple strategy. I am heavily relying on this strategy as the market has been all over the place and creating roadblocks for traders. To start I confirmed a pivot in play with confirmed support from 61 off the initial pivot just above 60 range that retested 64.50 range. We can see a wick retest at 61 followed by a breakout bar closing above 62. This creates our second leg to further confirm the trend will continue. This is simple price action without using indicators. The indicators come in play as entry and exit sentiment. 50 line serves as the make to break line. We can see that our break out bar above 62 triggers our RSI breakthrough 50. The most important aspect of using RSI 50 line for entries and exits is to expect a short pullback after we see a breach. If the pullback occurs we can now observe our MACD playout. While RSI just breaches 50 from the breakout bar above 62 our MACD/SIGNAL lines have crossed crossed and already heading towards the 0 line. We can see a two hour weak pull back that barley sends RSI below 50. The 3rd bar is the most important as this will determine our continuation. The playout is decent bullish bar that sends the RSI back over 50. I presented the ideal entry on the chart. This low volume bullish bar further corrects RSI to move sideways away from 50 while MACD/SIGNAL are making sideways cross through 0 line. Across the board we have full confirmation the trend will continue to retest our key Resistance zone of 65. Seldom does oil trade against this strategy however there are a few scenarios that may throw off a beginner using this strategy. If RSI is just above or below 50 after a seemingly correction but MACD/SIGNAL line have not made a full cross an entry should not be made as a divergence is most likely in play and/or a consolidation period may begin. One may think this is a great scalping opportunity with this strategy but it is not. I know this from trial and error so please take my word. Another fake out scenario using this strategy is assuming that RSI will cross 50 with the next bar playout after a breakout bar causes RSI to touch or nearly touch 50. Often sharp pullback occurs that will send a trader into negative. The psychological factor using this strategy is simply to be patient. Below is a summary of the points of the strategy specifically for oil (RSI 50 make/break playouts across pairs are similar however some have established RSI trend pivots) -Map out key supports/resistance using the day and 1hr chart to establish pivots and daily high/lows as well as your trend direction -Observe RSI. If you establish over trend is going up you should see RSI trying to make and break through 50. -Make sure MACD/SIGNAL lines have crossed while RSI is attempting to break through 50 -Be patient after initial RSI 50 break for pullback. If trend sentiment is true expect the pullback to retouch 50 or slightly below and wait for the break out bar to correct RSI and confirm an entry point. - If MACD/SIGNAL initiate cross through zero line while following our bar close out after breakout bar to complete RSI correction we can place our entry. -Exit is simple for this pair as our current RSI high resistance is 77. If trend is close to target while RSI fails to breach 77 the MACD histogram bins will lose volume ultimately confirming our exit. In conclusion this basic strategy can be used by all traders with maximum success and can be used for any pairs. Learn your key supports/resistance levels, study RSI/MACD patterns for your pairs and practice, practice, practice. Please comment with thoughts, questions, and ideas. Thank you. P.S I will present the scalping strategy with a different currency pair.
FX_IDC:USDBROLong
by Pika7993
OXT/BTC Long Breakout (H4)Trades > Create: (Current Price: 0.00001190) Either confirm or choose to edit the trade ⚡⚡ #OXT/BTC ⚡⚡ Client: Binance 01 Trade Type: Breakout (Long) Entry Targets: 1) 0.00001221 - 100.0% Take-Profit Targets: 1) 0.00001309 - 51.612% 2) 0.00001385 - 25.806% 3) 0.00001507 - 12.903% 4) 0.00001705 - 6.451% 5) 0.00001828 - 3.225% Stop Targets: 1) 0.00001036 - 100.0% Trailing Configuration: Entry: Percentage (0.0%) Take-Profit: Percentage (0.0%) Stop: Moving Target - Trigger: Target (2)
Long
by Thiago_Amarakzs
Fundamentals and technical check for sell off continuation Presented is a the 1 hr chart for this pair. All fundamentals and technicals point towards sell off continuation. I chose the 1 hr chart for a clear directional analysis however attached is the day chart snap that confirms direction. The pair is sitting at a key daily support of 1.48900. Currently on the 1 hr chart our MACD and RSI indicators are set to pivot at very key indicators supports. (Also attached is 1 hr snaps of MACD and RSI pivot consistency at these levels). This sentiments a pivot retest at 1.51000 which serves as a top descending channel resistance. A sharp pivot close pit will be my entry point. With a pivot play out towards my sentiment, RSI will be making a pivot at 62 which is the ideal pivot level within a down trends. MACD and Signal will be making a correction cross just below the 0 line for continuation. The Loonie has been a hot topic this week as the unemployment rate dropped significantly giving the CAD significant positive sentiment. Gurus are pointing towards the Loonie strength while Daily FX admitted they will take the contrarian belief towards negative sentiment of the Loonie (meaning the will go bullish with negative sentiment) Fundamentals and technical check out for sell of continuation. Observe chart for key pivot points and final take profit. Attached is RSI, MACD, and support sentiment. MACD and RSI support play outs Daily 1.48900 support play out Please comment with thoughts and ideas. Thank you.
Short
by Pika7993