Get started

1h

BTCUSDT 1H PARABOLIC SAR & MOVING AVERAGE TRADING STRATEGYIn this strategy, you are going to learn about a trading strategy that uses the how to use parabolic SAR indicator (Stop And Reversal) trading tool, along with two moving averages trading strategy to catch new trends on the reversal and continuation of the trend. If the dot is below the candle this can be a signal to BUY or an uptrend. When the change occurs (the dot goes from below to above the next candle) this indicates a potential price reversal may be happening or a bearish pullback and bullish continuation move. Some may think why not just trade the dots. When it reverses, just make an entry at that price. Technically you can trade like this and may win some, but this is a very risky way to trade this indicator. You need other tools to validate this potential trend. Here are the indicators you need to apply on your chart to use this trading strategy: Parabolic Sar strategy: Default Settings 20 Length Moving Average= Blue color 40 Length Moving Average= Red color Rule #1- Apply Parabolic SAR system and Moving Average indicators to chart Rule #2- The Parabolic SAR Indicator must change to be below price candle for uptrend. Notice how the dots were above the price. The parabolic stop and reversal (sar) formula was that the price stalled out for a few hours and then the dot appeared below the candle. Rule #3- Another element that must occur is the moving averages must cross over. In a long trade, the 20 period moving average will cross and go above the 40 periods moving average. So now the 20 period moving average is above the 40 period moving average. Also the dot appears below the price candle. Rule #4- Parabolic SAR dot must be below price candle AND moving averages cross to where 20 period MA is above 40 period MA. Note** One of these elements may occur before the other. The reversal dot can appear before the MA lines cross. Or the Moving averages can cross before the reversal candle. As long as there are both elements, the entry criteria are met. Rule #5- Enter The Next Price Candle... Enter (BUY) the very next price candle after the dot appears below the candle. You can see on our chart where we entered the trade. Waiting for one candle after makes sense because this proves to us that this reversal is strong. The moving averages are supporting the uptrend + the dot is signifying an uptrend. Rule #6- Stop loss / Take Profit Follow your own SL plan Take Profit is taken when the 20 and 40-period lines cross over again. OR when the dot reverses appears at the opposite side of the candle. Moving average crossover will give you a larger profit. If SELL trade just adjust above I have added the Waddah Attar Explosion Volume Indicator - type in Indicator search: Public Library "WAD" This helps filter a better entry when volume hits the band and blue dotted line
Long
by Tradingstrategyguides
2
USDCZK Exotic Setup!Analysis -USDCZK looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers brought it back up above support before the daily candle close. -The price action resulted in a daily pinbar setup AT SUPPORT which is a bullish sign. -On the 1H time frame, price just broke a bearish trendline or the neckline of a head and shoulders to the upside. -We're in a rising channel and price just made a strong impulse move from the bottom of the channel -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 22.904 (Enter long after price pulls back, never chase a trade) -Stop Loss: 22.7508(Set stop below the daily reversal candle) -Take Profit: 23.2098 (Set target at a minimum of 2 times your stop depending on entry) = 2R *Trade Safe and at your own discretion!*
Long
by Mankz
USDCAD ripping up!Price moved really quickly from my entry... Analysis -USDCAD looking bullish after showing signs of a breakout, pullback and continuation play. Buyers pushed price significantly past resistance wherein sellers came in and pushed it back down into resistance turned support. The price action resulted in a daily spinning top setup AT SUPPORT before the daily candle close which is a bullish sign. -On the 1H time frame, price just broke a bearish (correction) trendline to the upside. -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 1.34633 (Enter long after price pulls back, never chase a trade) -Stop Loss: 1.3439 (Set stop below the daily reversal candle or swing low on the 1H chart) -Take Profit: 1.3512 (Set target at a minimum of 2 times your stop, depending on entry) = 2R *Trade Safe and trade at your own discretion!*
Long
by Mankz
GBPJPY looking to reverse!Analysis -GBPJPY looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers came in and bought it up before the daily candle close. -The price action resulted in a spinning top setup AT SUPPORT which is a bullish sign. -On the 1H time frame, price just broke a bearish trendline to the upside. -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 144.34 (Enter long after price pulls back, never chase a trade) -Stop Loss: 143.76 (Set stop below the daily reversal candle or swing low on the 1H chart) -Take Profit: 145.5 (Set target at a minimum of 2 times your stop, depending on entry) = 2R *Trade Safe and trade at your own discretion!*
Long
by Mankz
XRPBTC 1D ORB Nr4 Breakout StrategyStep #1: Wait until you can spot a bar that has its daily range smaller than the previous three days The first rule requires you to have the patience until the Nr4 pattern develops on the chart. When we have a daily trading range that is narrowed than the previous trading ranges it means that the price is contracting. Based on our backtesting results we have found out that there is a high probability of a trend move after you spot this type of contraction. This is kind of a general rule because the markets do move from periods of contractions to periods of expansion. This is the reason why this short-term price pattern is so powerful. Note* The 4th day doesn’t necessarily need to be an inside day, it only needs to have its daily range smaller than the previous 3 days. Step #2: Mark the High and the Low of the 4th day and switch to the 1 hour time frame Our trade is taken the next day after the Nr4 pattern showed up. In order to have a clear view of the short-term price action we need to switch our focus to the 1 hour time frame. Before you switch the time frames make sure you mark on your chart the high and the low of the 4th day. The short-term pattern Nr4 satisfies all the requirements for a valid setup Step #3: How to buy: Buy only if the breakout of the Nr4 high happens during the first 5 trading hours. We use the Opening Range Breakout technique to time the market and have an effective trade entry. The ORB is even more profitable if it occurs after inside days that have a smaller trading range than the previous 3 days. Here is another strategy called simple yet profitable strategy. Our trade doesn’t may not have an inside day, but nevertheless we want to buy only after we break above the Nr4 day high. Also, we want to make sure the breakout happens during the first five trading hours of the next day. Trades based on the ORB – Nr4 pattern will show you a profit instantly. Now, if the trade is not showing you a profit right away than your trade becomes more vulnerable. As a general rule, if after the first trading hour your trade is not in the green, you can safely close the trade at the market. Of course, you can only do that if your stop loss hasn’t been triggered in the meantime. Step #4: Place your protective Stop Loss below the Nr4 day low You can hide your protective stop loss below the Nr4 day low. Alternatively, you can also place your stop loss below the current day low as this will give you a better risk to reward ratio. The ORB - Nr4 pattern tends to precede strong trend day activity, so your stop loss should be rarely hit. Both of these patterns can be traded individually, but when combined they tend to produce even more powerful trades. Step #5: Take profit at the close of the first 1-hour bearish candle Our take profit strategy is fairly easy and it’s slightly modified from the original strategy highlighted in the “Day Trading with Short Term Price Patterns and Opening Range Breakout” book written by Toby Crabel. Even though the ORB pattern tends to lead to trend trading days we’re more conservative and want to quickly take profits. So as soon as the first bearish candle shows up we close the trade and enjoy our daytrade profits. Alternatively, you can keep the trade open until the end of the day if you want to extrapolate more profits from the cryptocurrency market. Note** the above was an example of a BUY trade using our Dogecoin cryptocurrency strategy. Use the same rules for a SELL trade – but in reverse.
by Tradingstrategyguides
XRPUSD 1H STE BAR COLOR BULLISH CONTINUATION TRADEPrice had a previous bullish trend Price took a break with a bearish pullback STE Pulse bars showed a dark green color during this pullback STE Pulse bars came to the zwero line which is a decision point for price Price could continue it bearish move Then the STE bars would cross below the zero line and become a bright red color OR Price could bounce off the zero line up Bullish continuation would make the STE bars a bright green color Buy Take Profit would be a re-test of previous high Find your own SL
BITFINEX:XRPUSDLong
by Tradingstrategyguides
USDJPY SHORT SET UPHi guys, heres a short set up on UJ. As you can see, price is respecting the 111.40-111.50 level. This level has held firm in the past as a previous resistance and it is also matching up with my fibonacci reversal level of 78%. Not only have we got these the 2 confirmations, our trendline is matching up nicely with the prospect of a third bounce, which I believe to be the highest probability of a continuation of the trend. Price has began to consolidate at this level and we have seen a number of 4h and 1h wick rejections of 111.30, however a break and close below the box and this level would give me a good confirmation that price may be set to continue to the downside and a short entry will executed. In terms of my target on the trade, id be looking at the monthly support at 110.00, a 130 pip short trade set up. My bias on the pair is short over the coming week, however a higher time frame break of the 111.50 level will invalidate this set up and I would take a back seat on this pair. Just an idea.
Short
by lewisqfx
TRADING PULLBACKS WITH KELTNER CHANNELTrading Pullbacks with Keltner Channel Trading pullbacks successfully can only be done in the presence of a strong trend. Using the Keltner channel indicator we can study how the price behaves around the upper and lower envelopes to gauge the strength of the trend. As you already learned when the price hugs one of the two bands and crawls along the band, we have a case for a strong trending market. In the chart below we’ve highlighted small retracements while the price hugs the upper Keltner band. Notice that the price retrace to the area around the 20-EMA. It won’t give you an exact price, but a price zone from where the price can potentially bounce and the bullish trend can resume. This remains a good way to measure pullbacks in price. Successful trading doesn’t require catching the exact turning point. For a better timing of our trades we can use the Stochastic RSI indicator in combination with the Keltner indicator for more confluence. The trade trigger is simply to follow with this Keltner Channel pullback strategy. Pull the trigger when the price retraces to the middle band and the stochastic indicator develops a crossover from an oversold territory.
Education
by Tradingstrategyguides
ETHUSD 1H CUP & HANDLE TRADING STRATEGYStep #1: Identify a downtrend and a rounded retracement into that downtrend (The Cup) We’re breaking down the Cup and Handle trading strategy into several steps. The first step is to identify an downtrend and a rounded retracement into that bearish trend. That rounded bottom is the first component of the Cup and Handle pattern. The strength and the longevity of the prevailing trend is important as it will determine the success of the trade. How deep the rounded bottom goes will also influence our potential profit. So far, so good. Now we move to the second component of the Cup and Handle pattern and the second step of the Cup and Handle trading strategy. Step #2: Draw the second component of the Cup and Handle pattern – The Handle You can start drawing the handle once the cup component is finished. Now, the cup component doesn’t necessarily need to end exactly at the same price where it started, but it needs to be near that price zone, or price target. Once you see the price moving away from the cup in a tight range you can start looking to draw the handle. Step #3: Entry 1 at the Handle breakout and Entry 2 at the first Cup peak breakout We’re going to implement an unorthodox entry method and split our trade into two trades as follows: First sell entry on the Handle breakout, the lower line (resistance) that defines the Handle structure is our trigger line of the first sell order. Second sell entry on the breakout of the initial peak from where we started drawing the cup. Step #4: Take Profit equals the same distance in price as measured from the initial Cup peak to the bottom of the cup The ideal profit target for the Cup and Handle trading strategy would be equal to the same distance in price as measured from the initial Cup peak to the bottom of the Cup. The Cup and Handle pattern target maximizes the potential profit and it gives us the chance to capture the entire trend. You are simply projecting the same distance in price to the upside using as a starting point the initial Cup peak. Step #5: Place initial SL above the rounded bottom. After the second entry is triggered move both SL above the Handle swing low. Since we’re splitting our trade into two trades, we’re going to have two protective stop loss. The initial stop loss is placed just above the round bottom. Since at this stage the Cup and Handle pattern is not yet confirmed we need to give it more space, that’s why we’ve chosen to place the SL aabove the round bottom. Once we enter our second sell order we can now safely move the SL for both positions above the Handle swing low.
BITFINEX:ETHUSDShort
by Tradingstrategyguides