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30m

WATCH EURAUD 30M FOR REVERSAL OR CONTINUATION Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11) If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart. If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns on a 5m, 15m or 30m chart. Continuation TP levels will be 100%, 127.2% and 161.8% fibs. Reversal TP levels will be -23.6%, -61.8% and -127.2% fibs. Find your SL on the other side of the reversal or continuation point.
by Tradingstrategyguides
#bitcoin - IntradayGood morning guys, yesterday I could not find any trade setups and today so far it does look similar. What happened? Over the week the trend was stable down, that changed yesterday after a couple of attempts to break the Daily Pivot and a violation of the SMA50. As expected the trend is messed up now and we are currently trying to attack the Daily Pivot. Generally this is not a very profitable trading situation as targets and stops have to sit tighter than usual and framing keylevels might not be hit, until the trend becomes clear again. (Or been not traded at all) Just now the SMA50 is trying to cross the SMA100. Chances are good there is not much volatility today. As usual I have marked levels and the new MultiPivot Indicator is now also showing the specific price levels. Best wishes, Neru
BITMEX:BTCUSD.P
by Gl4diator
#bitcoin - S1 Weekly #Pivot Support + KeylevelGood morning everyone. Allright, so after this last nights wick we are seeing pretty much the same situation as the last days: - Below the Daily Pivot - Downtrend is intact - SMA´s are spread in bear-order and pointing down We won´t look for longs, shorts only unless P-D get´s broken. What has to be mentioned is that SMA50 and 100 are getting closer and the wick violated all of them. We need to set targets likely a little more aggressive, especially cause of the Pullback attempt just before and sitting on Weekly Pivot S1. (E/R, blue triangle) As usual marked significant prices and waiting for signals to kick in. This is indeed not a no brainer short-setup anymore. Have a lovely day! Neru
BITMEX:BTCUSD.P
by Gl4diator
RAMAN 2 MONTHS 2 SUCCESS DAILY TRADING STRATEGY SHORT TRADEDay Chart New Daily High was not made. Previous Day closed Bearish. New Current Trading Day has a Bearish bias. 30m Chart Bullish Pullback has an ascending trendline drawn underneath it. 1st Entry is a 30m candle close below trendline Fractal Low is at 1.2900 2nd Entry is a 30m candle close below support level 1st Take Profit is at support level of 1.2870 2nd Take Profit is at support level of 1.2825 SL @ 1.2955
Short
by Tradingstrategyguides
Advanced Triangle Breakout ATB Indicator EURUSD 30m Advanced Triangle Breakout ATB finds a Triangle chart pattern Advanced Triangle Breakout ATB finds a Triangle Breakout Long Advanced Triangle Breakout ATB paints a green background column for long setup Advanced Triangle Breakout ATB shows Long Entry Signal Advanced Triangle Breakout ATB shows Stop Loss Advanced Triangle Breakout ATB shows Long Take Profit Advanced Triangle Breakout ATB has an adjustable risk reward ratio PM me if you have any questions about the great repeatable chart pattern indicator
Long
by Tradingstrategyguides
DOUBLE TOP REVERSAL PATTERN BTCUSD 30MStep #1: Identify the Phase of the Market. The Double Top reversal needs an uptrend. Just because you can spot the double top reversal it doesn’t mean you have to jump in willy-nilly. Remember, we need the right context and everything needs to line up for a good double top reversal. So, the first step is to identify the phase or the market condition. At any given moment the market can be trading either up, or down, or it can go sideways. As we previously established the Double Top reversal needs a prior uptrend. Since this is a reversal trading strategy, we first need a prior trend. Otherwise, we end up trading just a ranging market. This is something we want to avoid, particularly if we trade the Double Top reversal pattern. Step #2: The historical precedent. An A++ Double Top Reversal is composed of 2 Rounded Tops The second step of the Double Top chart pattern strategy is to find what we call the historical precedent or a chart pattern. We don’t want to make a trading decision without price confirmation and in our case we use the double top reversal pattern. You need to identify two rounded tops in order for the double top breakout to be considered tradable. But, what is a rounded top? In technical analysis, a rounded top is simply a price formation that typically occurs after an uptrend, prices move upward and then quickly roll back downwards creating a dome or sometimes an inverted “V.” Now, of course, that depending on the double top reversal structure the inverted V top will vary in size and magnitude. But the idea is that we need a quick move up followed by a quick move down to define a rounded top. Note* A valid double top reversal has two rounded tops Let’s move forward to the third criteria of our double top chart pattern strategy. Step #3: Allow a maximum 10 pips variation between the two tops. Don’t seek perfection, because in trading you need to get rid of your idealistic mindset as the double top reversal will not look perfect all the time, so be flexible. This is the reason why we need to allow a maximum of 10 pips variation between the two tops. The probability of two tops happening at the same exact price level is almost impossible. You’ll often find that the two tops have slight variations, but they happen near the same price zone. What is more important is the closing price, which can align perfectly if the location of the double top pattern is good. So far, so good. Now we to determine an entry technique for our Double Top chart pattern strategy. See below: Step #4: Sell when Double Top breakout candle closes below the neckline. After we identify the phase of the market, and the characteristics of a good double top reversal we need to wait for confirmation that momentum is shifting. The Double Top breakout candle is our signal that the momentum has shifted and it’s what it confirms and validates the double top pattern. You’ll see the double top breakout happen over and over again, but it’s important to analyze them within the context of the market trend. The next logical thing we need to establish for the Double top chart pattern strategy is where to take profits. See below… Step #5: Take Profit equals 2, 3 x times the distance in price as measured from the highest peak to the Neckline The minimum profit target for the double top pattern is approximately equal to 2 or 3 x times the distance in price as measured from the double top to the neckline. If we project the same price distance 2 or 3 times more to the downside we obtain our first take profit zone for the Double Top chart pattern strategy. The double top pattern can produce a major reversal so we advise you to be very flexible with your profit target not to miss any big profit opportunity. The next important thing we need to establish is where to place your protective stop loss. See below… Step #6: Place the protective stop loss slightly above the resistance created by the Double Top reversal The Double Top chart pattern strategy gives you a simple way to quantify risk because you can place your protective stop loss slightly above the double top pattern The double top pattern really gives you the opportunity to also trade with a tight stop loss, which is great as we always want to keep losses at minimum. Note*** The above was an example of a SELL trade… Use the same rules – but in reverse – for a BUY trade, but this time we’re going to use the double bottom pattern.
BITFINEX:BTCUSDShort
by Tradingstrategyguides
MACD TREND FOLLOWING STRATEGYEURUSD 30M CHART This strategy is a setup for a Long continuation trade (Rules for A Buy Trade) Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business. The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher than all previous swing high points. While a lower high happens when the swing point is lower than the previous swing high point. Step #2: Connect the MACD line swing points that you have identified in Step #1 with a trendline This step is quite simple, right? At this point, we really ignored the histogram because much of the information contained by the histogram is already showing up by the moving averages. Look at the price action now and compare it to our MACD trendline we drew early. We can clearly notice that the MACD contains the price action much better and reflects the trend much clear. But, at this point, we’re still not done with the MACD indicator, which brings us to the critical part of our MACD Trend Following Strategy. Step #3: Wait for the MACD line to break above the trendline. (Entry at the market price as soon as the MACD line breaks above) When the MACD line (the blue line) crosses the signal line (the orange line) it’s an early signal that a bullish trend might start. However, if trading would be that easy we would all be millionaires, right? And that’s the reason why our MACD Trend Following Strategy is so unique. We’re not only waiting for the MACD moving averages to cross over but we also have our other criteria for the price action to break aka the trend line we drew early. This is a clever way to filter out the false signals, but you have to be equipped with the right mindset and have patience until all the piece of the puzzle come together. If you were to trade just based on the MACD crossover over time you’ll lose money because that’s not a reliable strategy. But if you use the MACD indicator along with other cafeterias such what this strategy tells you to do, you will find great trade entries on a consistent basis. Step #4: Use Protective Stop Loss Order. (Place the SL below the most recent swing low) Now, that you already know how to enter a trade at this point you have to learn how to manage risk and where to place the SL. After all, a trader is basically a risk manager. You want to place your stop loss below the most recent low, like in the figure below. But make sure you add a buffer of 5-10 pips away from the low, to protect yourself from possible false breakouts. Did you notice? The MACD Trend Following Strategy triggered the buy signal right at the start of a new trend and what is most important the timing is more than perfection. We bought EUR/USD the same day the bullish trend started. Now, what this has to do with the SL? Basically, a good entry price means a smaller stop loss and ultimately it means you’ll lose a lot less comparing it with the profit potential, so a positive risk to reward ratio. Step #5: You determine your Take Profit or when the MACD crossover happens in the opposite direction of our entry Knowing when to take profit is as important as knowing when to enter a trade. However, we want to make sure we don’t use the same trading technique as for our entry order. When the MACD line (the blue line) crosses the signal line (the orange line) we want to close the position and take full profits. Before taking profits, it’s important to wait for the candle close – either the 4h or the daily candle – depending on the time frame you trade so you make sure the MACD crossover actually happens. Note** The above was an example of a buy trade using the MACD Trend Following Strategy. Use the exact same rules – but in reverse – for a sell trade.
Long
by Tradingstrategyguides
AUDCAD 30M RENKO TRADING STRATEGY #2Renko Trading Strategy #2 Another profitable Renko strategy you can use is to focus only on the bricks. No additional technical tool is required for this system. We’re going to explore a very simple and yet very powerful Renko chart pattern that incorporates the wicks. This Renko price pattern looks for two consecutive bricks of the same color and both bricks have wicks. The location of this Renko pattern doesn’t really matter. It can be at the end of a trend or it can be in the middle of the trend. This pattern has a very high rate of success if traded in the right context. You have to look around this two brick pattern and make sure the blocks are not moving back and forth within a trading range. If that’s not the case then you have a green light to take the signal generate by this trade setup.
Long
by Tradingstrategyguides