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Sequentialvision

LTCUSD: Al Po's Bands side notesAl Po's Bands - why I love it so much? It gives me great indication for long term trading. 1. Open any chart (I prefer weekly or monthly timeframes) 2. Switch Global Overbuy/Oversell boxes inside your settings to "On" 3. Reset both Deltas to 1 4. Check Basic Sequence Length(default 4) Setup(default 9) and Countdown(default 13) That's it! Let's trade : + buy when price below Global Oversell(ideally, when unmet expectation below the price) - sell when price above Global Overbuy(ideally, when unmet expectation above the price) Near term: $ 55(top from Nov 2013) Most likely are going to test the Global Overbuy, and if the price fails to reach it on the first attempt, then, most likely, we will again test $ 55 (from above); Otherwise, Oversell may strike in search of a better level and reach new heights as a matter of urgency.
BITFINEX:LTCUSDEducation
by sequentialvzion
Trend Reversal Alerts Strategy in DepthThis idea based on one of the simplest trading strategies in the world Trend-Reversal-Alerts-Strategy that I shared recently. Now I want to spread few words about how you should make it perform better with help of buy and sell resistance and I will show you the exact methods. But first, if you still not sure how this strategy tester is actually work you should definitely read this: TradingView Blog: EN/new-features-improvements-strategy-backtesting RU/new-features-improvements-strategy-backtesting Also I want to recommend an article that I googled. It examine in depth and gives a perfomance summary on every single subject: tradingview-strategy-tester-performance-summary According to Buy/Sell Resistance. When new candle created with assigned Open value, Resistance = 0. In the second Close start moving it changes so called Resistance of that candle. It could be negative or positive. So by setting resistance you can tell this script to enter/close your trades only when Buy/Sell Resistance values are greater or equal than your settings values. * You should tweak it only after all strategy tester options are ready. Very important! I do it in a simple way : open settings -> Buy Resistance = 1 -> Sell Resistance = -1 -> then if nothing change -> Buy Resistance = 1.5 -> Sell Resistance = -1.5; otherwise -> Buy Resistance = 0.5 -> Sell Resistance = -0.5 and so on... * This is very important to do to eliminate in the future "resitance issues" - when you can't enter/close trades because of your resistance settings. That is all for now. Take care and bye bye!
SP:SPXEducation
by sequentialvzion