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Rangetrading

Profit while BTC is -40%? This is the strategy: +44% on spotPlenty of traders are struggling to trade the choppy ranging market of the past couple of months. Especially as it comes after an "up only!!!" period where making a mistake was an exception and (at least some) success the rule. Wicks and stops hunting are not making it easier. We always speak about preparing the strategy for the next leg, but traders still don't use data and help. This is an example of how you do it and create a strategy where when Bitcoin is -40% down, you're comfortably +44% in profit. WILL POST EVERY POSITION OPEN/CLOSE TIME AND RETURN OVER 6 MONTHS BELOW The strategy goals: Any strategy you're running needs to be profitable in different market conditions. It's fine if it particularly successful under particular ones, but it should not be a dud in the long run. So we're going to pose quite a challenge for ourselves: 1. Winning strategy on spot in the past 3 months (March to June) while Bitcoin is down 40% 2. Beat buy and hold over 6 months - we need to have a sufficient sample of trades. The majority of gains on Bitcoin happened before the start of the year so we are looking at Dec-Jun 3. Make more than 100% during a year. Obviously this will be a range based strategy so trading it in a parabolic bull market is not the wisest. However we need to see longer term success to validate the idea. The strategy: We'll be using one on of the simplest indicators in range trading - Bollinger Bands. We do need to make the classic set up more responsive by reducing the periods and standard deviation. On account of this we will include ATR (Average True Range) which is a great measure of volatility. If it's not present we don't want to be exposed. You want the opposite in parabolic markets. On the 1 hour chart we: - Will open a position when price is crossing up BB_LOWER (period: 15, standard deviation: 1) AND ATR (14) is up by 9% in last day - Will close a position when price is crossing down BB_UPPER (period: 15, standard deviation: 1) AND ATR(14) is down by 1% in last hour No stop loss or take profit - the strategy rules are respected 100% of the time. The reduced period and standard deviation on the Bollinger Bands match what you see on the chart here. The results: The marriage between Bollinger Bands and ATR is working quite well in ranging markets. Bollinger Bands signal low/high prices while ATR gives you a hint of volatility. It wins about 56% of positions, but the profits are on average 2:1 to the loss which is ideal. In fact this strategy: 1. Convincingly beat the -40% market in the past 3 months, with profits of +44% 2. Made 86% in the past 6 months, while just holding Bitcoin would have brought you 39.9% 3. Profited +136.5% over the year. Again we do recommend adjusting your strategy to the conditions, but this gives us a large enough sample of trades to validate the idea. Even max drawdown over the last 3 months was only 9%. That and profits is a wonderful position to be in in a market that's ruled by fear. The positions (last 6 months): 22/06/2021 16:00 22/06/2021 23:00 7 hours OP 31,708 +2.76% Still in position 21/06/2021 14:00 22/06/2021 05:00 15 hours OP 33,152 CP 32,911 -0.728% 19/06/2021 00:00 19/06/2021 17:00 17 hours OP 35,820 CP 35,889 +0.192% 08/06/2021 08:00 09/06/2021 01:00 17 hours OP 32,967 CP 32,886 -0.244% 06/06/2021 00:00 06/06/2021 03:00 3 hours OP 35,516 CP 36,130 +1.73% 04/06/2021 13:00 05/06/2021 04:00 15 hours OP 36,880 CP 37,410 +1.44% 01/06/2021 14:00 02/06/2021 20:00 1 day OP 37,037 CP 37,885 +2.29% 28/05/2021 13:00 30/05/2021 21:00 2 days OP 36,590 CP 36,050 -1.48% 23/05/2021 20:00 24/05/2021 17:00 21 hours OP 33,047 CP 37,357 +13% 19/05/2021 15:00 21/05/2021 02:00 1 day OP 37,502 CP 41,428 +10.5% 16/05/2021 02:00 18/05/2021 04:00 2 days OP 48,060 CP 44,775 -6.84% 13/05/2021 06:00 14/05/2021 13:00 1 day OP 50,884 CP 50,311 -1.13% 10/05/2021 23:00 11/05/2021 11:00 12 hours OP 56,230 CP 55,842 -0.69% 09/05/2021 06:00 10/05/2021 07:00 1 day OP 58,447 CP 58,834 +0.663% 03/05/2021 18:00 05/05/2021 20:00 2 days OP 57,959 CP 57,136 -1.42% 29/04/2021 07:00 30/04/2021 11:00 1 day OP 54,373 CP 54,165 -0.383% 26/04/2021 00:00 26/04/2021 09:00 9 hours OP 49,067 CP 52,584 +7.17% 23/04/2021 11:00 23/04/2021 22:00 11 hours OP 49,457 CP 50,298 +1.7% 18/04/2021 13:00 19/04/2021 06:00 17 hours OP 54,947 CP 56,500 +2.83% 14/04/2021 17:00 16/04/2021 00:00 1 day OP 63,485 CP 63,159 -0.514% 11/04/2021 00:00 14/04/2021 13:00 4 days OP 59,769 CP 63,871 +6.86% 07/04/2021 06:00 08/04/2021 10:00 1 day OP 58,286 CP 56,676 -2.76% 04/04/2021 03:00 05/04/2021 21:00 2 days OP 57,363 CP 58,773 +2.46% 31/03/2021 13:00 01/04/2021 02:00 13 hours OP 58,160 CP 59,140 +1.68% 30/03/2021 05:00 30/03/2021 15:00 10 hours OP 57,567 CP 58,866 +2.26% 25/03/2021 05:00 26/03/2021 03:00 22 hours OP 52,252 CP 51,697 -1.06% 21/03/2021 14:00 23/03/2021 19:00 2 days OP 57,022 CP 55,365 -2.91% 15/03/2021 14:00 16/03/2021 17:00 1 day OP 56,856 CP 55,658 -2.11% 11/03/2021 11:00 12/03/2021 20:00 1 day OP 55,531 CP 56,942 +2.54% 08/03/2021 11:00 09/03/2021 08:00 21 hours OP 50,061 CP 53,547 +6.96% 04/03/2021 01:00 06/03/2021 00:00 2 days OP 50,894 CP 48,747 -4.22% 28/02/2021 20:00 01/03/2021 06:00 10 hours OP 44,403 CP 46,200 +4.05% 27/02/2021 00:00 27/02/2021 03:00 3 hours OP 46,277 CP 47,375 +2.37% 26/02/2021 04:00 26/02/2021 19:00 15 hours OP 47,331 CP 47,317 -0.0301% 21/02/2021 00:00 24/02/2021 07:00 3 days OP 55,841 CP 50,109 -10.3% 20/02/2021 11:00 20/02/2021 20:00 9 hours OP 55,895 CP 56,975 +1.93% 16/02/2021 19:00 18/02/2021 02:00 1 day OP 48,617 CP 52,132 +7.23% 15/02/2021 01:00 16/02/2021 07:00 1 day OP 48,764 CP 49,021 +0.527% 04/02/2021 13:00 13/02/2021 07:00 9 days OP 37,619 CP 47,728 +26.9% 01/02/2021 17:00 03/02/2021 00:00 1 day OP 33,461 CP 35,473 +6.01% 27/01/2021 20:00 30/01/2021 16:00 3 days OP 30,732 CP 34,210 +11.3% 26/01/2021 02:00 26/01/2021 21:00 19 hours OP 32,754 CP 31,987 -2.34% 20/01/2021 14:00 22/01/2021 13:00 2 days OP 34,959 CP 31,550 -9.75% 15/01/2021 22:00 17/01/2021 19:00 2 days OP 36,234 CP 35,677 -1.54% 10/01/2021 23:00 12/01/2021 09:00 1 day OP 38,430 CP 35,773 -6.91% 08/01/2021 22:00 09/01/2021 16:00 18 hours OP 40,076 CP 40,525 +1.12% 08/01/2021 04:00 08/01/2021 18:00 14 hours OP 38,347 CP 41,009 +6.94% 03/01/2021 21:00 05/01/2021 16:00 2 days OP 33,726 CP 32,100 -4.82% 27/12/2020 19:00 28/12/2020 16:00 21 hours OP 27,063 CP 26,916 -0.541% 24/12/2020 06:00 24/12/2020 10:00 4 hours OP 23,050 CP 23,348 +1.29%
Education
by CleoFinance
1
USDCAD looking up 🦐USDCAD after a long downtrend starts to consolidate inside 2 structures. The price recently broke the range and according to Plancton's strategy if the conditions will be satisfied we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
6
EURUSD Ranging in the Short Term The price action is behaving as per the expectations of the Wyckoff Cycle method in the short term. The EURUSD consolidates in an Accumulation range, following the completion of the preceding Markdown. The consolidation range spans between the major support at 1.18550 and the 23.6 per cent Fibonacci retracement level at 1.19181. If the price manages to break out above the latter decisively, it could then head towards the next psychological target. This is the 38.2 per cent Fibonacci at 1.19621. Two crucial factors underscore this possibility. The price action is currently concentrated above the range's mid-point at 1.18900 and above the three key moving averages. Those include the 100-day MA (in blue), the 50-day MA (in green), and the 20-day MA (in red). Conversely, a breakdown below the lower border of the range would imply the possibility for the continuation of the previous downtrend
by Trendsharks
There's something good about to happen here! 🤞We have a trading range in the 30min, between the 60.46 and the 58.76. When we look at the daily chart, we see that RDFN is slowly accumulating, and we are near the support at 56.23 and the 20ma. The BB are getting tight, and if RDFN breaks the 60.46 there’s a good chance it’ll hit the 64s. This could be the beginning of an impressive movement next, leading to the 72.85. Just in case, I’ll watch the supports mentioned, as if RDFN loses them, it’ll probably drop more. But I this well see a bullish movement after this accumulation. A breakout from the 60.46 will be the first step to confirm this thesis. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:RDFN
by UnknownUnicorn21312077
2
GBPUSD Sounds a good buy opportunity!Based on the chart, we can found a very good market range since about 26 days ago! So we should have a good strong support and resistance which took price among them. An now price is on the support zone and remember before this ranging market, we had a good uptrend movement! So I opened a buy position at this support area and will hold it until it reaches to the specified areas on the chart which can provide me a reasonable risk reward ratio(about 1:3.5) Note: As always please take all risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
GBPUSD a range trading 🦐GBPUSD is trading between a monthly resistance and a daily support. The price after few attempts to break above or below never break one of the 2 structures. According to Plancton's strategy if the price will clearly break below we will set a nice short order. ------ Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
BTC - diamond patter pullback follow-upHello, One month ago I posted a bearish scenario for BTC where the potential diamond formation could drive its price below $40,000 What we see today is that even though the coin dropped below the projected support (January peak) and turned it into resistance, so we are now basically stuck in the $40,000-$33,000 range which more or less marked the lows and highs back in the first month of the year. What is more important is how the lower boundary of the downtrend corridor built as a continuation of the diamond figure now act as a dynamic resistance. The price decline and series of rejections suggest we can expect a further decline and narrowing price action between the dynamic and the horizontal resistance. This, combined with the rising RSI values on the daily timeframe, which currently represents a bullish divergence on that timeframe, can result in an upside reversal by the end of June or early July. Hope you found that idea interesting. Don't forget to manage risk appropriately. Best Regards,
by FutureBlockchain
How to trade ranges? 🤓Even with a lot of people (including me) not that happy with NIO because it was too overbought, technical analysis never fails! NIO did break the 42.34, the consolidation we talked about in my last analysis, and it hit the technical target. When you see a breakout, especially if the stock opens below the resistance, and closes above it, you just replicate the size of the range. In this case, the range was of $ 1.45, so you sum it to the 42.34, and set a target at 43.79. But since the 4h chart still looks weird, personally, I rather wait for a pullback, or at least a good and easy trade. Right now, NIO seems too complex, and I see better stuff around. If it hits the 20ma again, I’ll be much happier 😊. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
11
GBPUSD 1.41395 -0.08% SHORT IDEA * STRUCTURE & CONTINUATIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE GBP / USD. Trading the range within structure * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
USDCAD take a break 🦐USDCAD after a long downtrend starts to consolidate inside 2 structures. The price is trading within a range and according to Plancton's strategy if the market will break above the resistance structure we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
2
Energy breakout ~ June 2021Technical Analysis We have been in a strong uptrend (pink segment line) since November, which I have divided into 3 ranges. We have tested the top of "Range 2" 3 times, and we are now breaking out. Either we continue into "Range 3", or we could potentially test the pink trend line once again (ghost feed representation) Macro Tomorrow jobs report could be a market moving event, as the Fed has made a drastic change in its action plan, which consists of reacting to data (reports such as these), instead of reacting preemptively as it has done in the past.
AMEX:XLELong
by dorfmanmaster
EURCHF a range trading 🦐EURCHF on the daily chart is moving between a daily support and a weekly resistance. The price tested a few times the lows creating a triple bottom. According to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
AUDUSD Analysis Overview AUDUSD analysis Overview - Monthly Chart - monthly closure was a doji showing some indecision for the time being, furthermore can be observed that monthly chart is under some type of consolidation rn. Weekly Chart - furthermore the consolidation from the monthly chart can be further observed on the weekly chart. Previous weekly candle was also a doji no giving continuation to the bearish momentum from the previous week. ( no long term for me atm, keeping an unbiased opinion until breaking out of this consolidation) Daily Chart - still maintaining uptrend, consolidating for the last month and half H4 Chart - this daily consolidation can be seen as a range which broke the resistance level and came back down to the bottom of the range but yet respecting the support level. 30m Chart - after bouncing from H4 support broke previous level of resistance and created a new high... Ideal scenario would be to see a pull back to enter on. a long position to ride it to the resistance level.
by Inacio_1998
EURCHF a range trading 🦐EURCHF after the retest of the weekly resistance couldn't break above. The market is now back over the minor support and according to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
4
AUDUSD on a break of the range 🦐AUDUSD after the attempt to break above the weekly resistance comes back in a range trading between 2 structures. The price has bounced on the support and now moving for another test of the resistance. According to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip