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Trendfollowing

USD/JPY: Strong resistance at the 106.00 Fibonacci retracement13:45 GMT - The anticipated test above the 105.50/68 barrier has reached 105.77, where unwinding intraday studies are prompting short-term reactions. There is potential for a run towards the 106.00 Fibonacci retracement, but overbought daily stochastics are expected to limit any immediate tests in profit-taking. A short-term pullback is possible, but rising weekly charts should limit losses to the 105.17 high of 2 February and congestion around 105.00. A close beneath this area, if seen, would delay further gains and turn sentiment outright Negative. Subsequent focus would then turn to 104.50/58.
by Continuum_Economics
S&P Only Just Scrapes A New Record HighJust a week ago traders were experiencing high emotions as the markets experienced its regular pullbacks but now price is proving how resilient it is by continuing to create new record highs. Since November 2020 when a previous all-time high was broken at $3588, price had been on a gradual rise using the 20 simple moving average as support but the most recent pullback came down to the 50 simple moving average which gave price that much needed boost. This proves yet again that price should be the main focus and not the news which was recently focusing on the market declines. Once you have the technical aspect in place and are able to identify major levels of support and resistance then you will be miles ahead of other traders and investors. Although price has only just about scraped past the previous all-time high, the markets remain bullish and should continue to rise until there are strong indications to prove otherwise. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Can Gold Catch Its Momentum Again?Gold was looking strong at the start of the year after having bounced off the daily 200 simple moving average in December. It did appear as though the bullish momentum was going to push price up towards the all-time high at $2075 but the sellers are making this task difficult right now. We have to remember that price is in an area of consolidation so the constant up and down swings are to be expected and although price has moved below the 200sma again, there is a support level below that could keep price from falling any further. This support level was formed from the November 30th 2020 low at $1764. Should price break down below this level then we may see a decline in Gold all the way down to the weekly 200sma which is currently at $1449, not too far below the $1500 round number support. Patience needs to be applied with Gold because it has the tendency to move sideways for long periods of time and then suddenly jump into action so we will be keeping a lookout for any progress being made. If price makes a swift return back above the daily 200sma then we may see a resumption of the long-term bull trend. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
EUR/PLN: Scope for lowerNo change in the bearish FX_IDC:EURPLN tone, as falling intraday studies keep near-term sentiment negative and extend pressure on support at the 4.4950 Fibonacci retracement and congestion around 4.5000. Daily stochastics and the Tension Indicator continue to fall, and broader weekly charts are also deteriorating, pointing to potential for still further slippage towards the 4.4650 retracement. Meanwhile, resistance remains at 4.5200. A close above here, if seen, would turn sentiment Neutral and put prices into fresh consolidation below 4.5500.
by Continuum_Economics
SILVER - More Precious Than Gold?Hello everyone, if you like the idea, do not forget to support with a like and follow. SILVER is overall bearish trading inside the brown channel, and it is currently sitting around the upper trendline, so we will be looking for trend-following sell setups. SILVER is overall bullish from a short-term perspective , trading inside these two gray trendlines. So to consider selling Silver, the price has to form a third swing low around the lower gray trendline to consider it valid, then and only then, the reversal setup would be ready and confirmed after a momentum candle-close below the last swing low (gray area). Trigger: Waiting for a momentum candle close below the gray area to sell. Meanwhile, until the sell is activated, Silver would be overall bullish and can still test the supply and strong round number 30.0 in green before going down. And of course, as Silver approaches our lower brown trendline and round number 21.0 we will be looking for buy setups on lower timeframes. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAGUSDShort
by TheSignalyst
58
EURUSD - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. EURUSD is overall bearish trading inside the brown channel , and it is currently sitting around the upper trendline, so we will be looking for short-term trend-following sell setups. EURUSD is forming a trendline in blue (but it is not valid yet) so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing. (projection in purple) and then and only then, the reversal setup would be ready and confirmed after a momentum candle-close below the last swing low (gray area). Trigger: Waiting for a momentum candle close below the gray area to sell. and until the sell is activated, this one would be overall bullish and can still break the channel upward. Good luck! ~Rich
Short
by TheSignalyst
59
BITCOIN: Possible 2H trend resumptionThe chart focuses on the 2H ATR trend line. Bitcoin was in a 2H uptrend. The trend weakened and corrected in a 2H pattern. Now it seems to be resuming. The position is ripe for a short with a reasonable stop-loss, at your own risk. If you cannot take the loss, do not enter! This is a true trend following setup. No targets are possible. Stops are somewhere above the ATR line. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BITFINEX:BTCUSDShort
by Captain_Walker
EUR/USD - Downside Continuation!! - Price is currently getting squeezed between my moving averages. - Top side trend was respected and fell from that level - Trend line plotted from lows also shows a break in trend. - Price formed a head and shoulders pattern that broke out to the downside today. - Price has retraced back into the 50 - 61.8% retracement level of todays range. - Looking for the large wicks at the on the recent 4H candles to get filled to start the momentum to the downside.
Short
by TheCaffeinatedTrader
1
AUDCAD - Trend-Following Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDCAD is overall bearish trading inside the red channel, and it is currently sitting around the upper trendline, so we will be looking for short-term trend-following sell setups. Unless price breaks our upper red trendline aggressively, then we will be looking for new sell setups to form as it approaches the upper blue resistance. AUDCAD formed a valid trendline in blue so we will be waiting for a new swing low to form around it to consider it our trigger swing. Trigger: Waiting for a momentum candle close below the gray area to sell. Good luck!
Short
by TheSignalyst
38
USDTRY Gearing Up For Another Impulsive Move?USDTRY has not been shy when it comes to showing off its linear trends as we witnessed staggering growth of 89% in 2018 and 44% in one month alone in August 2018 reaching a high of 7.0831. Price consolidated for 2 years after that and broke out in August 2020 and went on to trend to a high of 8.5777. Price then went on a decline and is currently sitting at a cluster of support in the form of a previous resistance level turned support at 7.2682 and the daily 200 simple moving average. Price is currently walking up the 200sma and if this level continues to hold as support then we should eventually see the bulls force price back up to continue the trend. USDTRY does reward investors that have patience as the trends, once they come, usually arrives with force and delivers fast and healthy profits. We will continue to monitor this forex pair to see how price reacts to its current support base. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
Bitcoin Taking A Short Break?Many would have argued that Bitcoin was never going to exceed the previous all-time high set back in December 2017 just under $20,000 because nobody really expected it to even get that high in the first place. The fact is that price came near $20,000 but then experienced an 85% decline to a low of $3122 a year later in December 2018, so the odds of climbing that high again looked even bleaker. We always remind our members that price will do what it wants and we can never predict what will happen next. We might get lucky a few times, but to predict consistently is impossible because a lot of different factors drive price up and down. $10,000 held price down for a number of years and acted as strong resistance until price was able to finally clear that level and a previous resistance in October 2020. From then on the momentum has been pretty much bullish as it continues to break records. Currently, we are experiencing consolidation which was to be expected after such strong moves but there is support below price in the form of the 50 simple moving average. At the time of posting, price is starting to show strength once again and we want to see price push its way above the $40,000 round number followed by the recent all-time high at $42,000. We only have a small portion of our capital invested in cryptocurrencies due to this market experiencing a lot of volatility, but these positions are doing well and did require a lot of patience and may require some more if we have to go through more large swings in the future. As for now we just have to hold on while the trends continue. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSDLong
by Sublime_Trading
SPX500 UP and USD down again? Hey tradomaniacs, for today I`m looking at the correlation of DXY (US-DOLLAR) and SPX500, which are both at points of potential trend-continuation. As mentioned on telegram we have seen a very bearish sentiment of retailers of majors against USD, which is for me a strong reason not to buy the US-Dollar as long there is no fundamental reason. As soon as SPX500 continues its trend we can expect the US-DOLLAR to move down aswell, which would give us a great chance to buy majors such as AUD/USD, NZD/USD, GBP/USD and EUR/USD against the retailers sentiment and with the banks. Still waiting for confirmation! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
OANDA:SPX500USD
by Trading2ez
3
Gold Strong and Stable!Although Gold has not been going anyway for a long period of time, we can see a pattern emerging which could be an early indication of further strength to come. Price has declined to the weekly 50 simple moving average a number of times now and after hitting this level we usually see strong bullish reversals. Although the current bullish candle is not yet confirmed, as the week needs to close first, price has again bounced off the 50sma and forming a bullish engulfing candle. We have the $2000 psychological area of resistance above price which could act as resistance again if price makes it back up there. Breaking that level will then mean price will be faced to battle it out with the current all-time high at $2075. Our positions in Gold are still being held and in small profit as we wait patiently to compound when the right conditions are met. As for now, we remain busy sorting through the opportunities in the stock market which is trending strong at the moment. This is the beauty of trend-following, it allows you to diversify your portfolio to catch the moves in other markets when one market is quiet. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
S&P Showing Dominance in 2021!Another week and another record set for the S&P 500 which is having a strong 2021 so far. A new president is in the White House and stocks continue to fly as our scanners are signalling plenty of investing opportunities. Since the breakout of the September to November consolidation zone, price has now climbed a healthy 7.4% and still rising. With the 20 simple moving average being the main source of support at the moment, we can see a strong linear trend is in play and we want the trend to continue on its smooth journey up towards the $4000 round number. Within the S&P, the Information Technology sector is starting to shine once again and is continuing the momentum from the impulsive growth we experienced during the peak of the global pandemic last year. As the weeks and months go by we want to see the pattern of higher highs and higher lows remain as the norm and this will result in more and more opportunities appearing in our portfolio. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
You can’t beat the marketToo many who are engaged in trading, try to guess what will be the exact short-term future course of the traded security (stock, commodity, etc.) they are dealing with. Behind this futile effort is our ego that is convinced that we are smarter than the rest and so we can predict how the security will move in the short-term, to take a suitable position and beat them. I remember myself planning on paper, many years ago, how the market will move and making scenarios. Every time I broke my face, and so I realized that, almost always, it is impossible to predict the short-term course of the market. I write almost always because sometimes your predictions actually come true, but that's because the market wants it because it's a trap. Now I want to be very specific about what I mean by the vague term ‘market’. There is a widespread opinion that prices are formed by all of us who participate in the market through supply and demand – bulls and bears. This view argues that an institutional investor or fund managing billions and a micro-investor have the same weight in market price formation. Of course it goes without saying that this is not the case. The smart money (institutional investors, funds and powerful individuals) and the general public, the small investors, are both shareholders in each security. Everyone aims to buy cheap and sell high. The truth is that only smart money has the means to do it. So when I'm talking about the market, I actually mean smart money and its mechanisms because it is the smart money that shapes prices. Thus the goal of the market is the following: 1) To get the public to sell at the lowest point possible during a crash, so that the smart money can buy at the cheapest price possible. 2) To get the public to buy at the highest point possible during a rise, so that the smart money can sell at the highest price possible. So the small investor has to deal with the smart money and that is why it is extremely difficult to win in this fight, at least in the short-term. Smart money with its means is always a step ahead because it controls the game. That's why you have to accept that it's almost impossible to beat the market in the short-term. You cannot predict how it will move because it has all the current data (which you do not know) and will make whatever moves it takes to deactivate as many traders (bulls or bears) as it can. The market is a master at deception. In each phase, the short-term course of a security has infinite ways to move and each pattern has the potential to transform to a different one, depending on the positions taken by the other players in the market. Here is an example where some of the possible metamorphoses of a formation are shown. So if you can't beat the market and you can't predict its short-term future moves to get a suitable position, what can you do? You can 'read' the movements made by a security in the past, using the tools of technical analysis. So you can see what is the long-term (years), mid-term (months) and short-term (weeks) trend and understand the market's intentions for the future, i.e. whether it is intended to follow an upward, downward or lateral path. Once you've made it clear what path the market wants to take, instead of trying to guess its short-term future moves, you need to focus on what market is doing NOW, right now, and once the technical analysis gives you a medium-term input signal to hook up to the path the market has set until you get an exit signal, ignoring the short-term misdirection moves it will make. This is the technique of following the trend - you may have heard the saying 'follow the trend, the trend is your friend'. Here I must stress that if you are wrong about the intentions of the market and follow the opposite path you must accept your mistake and close your position by taking your losses as long as they are small. If you are a beginner or do not have sufficient knowledge of technical analysis, it is probable that you do not understand what I mean in the previous paragraph and I, on the other hand, cannot make up for them in the space and time I have by making detailed explanations. That's why you should read books on technical analysis and get the experience needed in real, in my opinion, conditions with little capital. Only if you lose and hurt, will you be forced to reflect on your mistakes and eventually gain meaningful knowledge and experience. Then you'll be able to better comprehend what I mean. Summarizing, 1) You can't beat the market in the short term. You can't predict its short-term future moves, so don't get carried away in short-term trading. 2) You can, with technical analysis, decode past market movements, determine what the long-term, mid-term and short-term trend is, and understand its intentions for the future. 3) You can monitor the movements that the market is making now and follow the medium-term trend it creates once you get an input signal from the indicators of technical analysis. 4) You can let your gains run. 5) You can exit the medium-term profitable trend if it goes to reverse as soon as you get an exit signal from the technical analysis indicators. 6) You can cut your losses early if you misdiagnosed the market's intentions. A suitable system to implement what I mention above is the 30d/200d SMA system, which I have described in my post entitled ‘a trading system for rookies, simple, profitable and capital protective’ you will find here In fact this system is not only for beginners but also for traders of every level who can simply, due to experience, apply it in the short-term. Disclaimer The writer of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
NASDAQ:CRSREducation
by Gnothisafton
10