4h
LONG - XEM - Trading OpportunityReclaim of the MA200 on the 4h chart, along with a hidden bullish divergence, probably a retest of the previous high on the way. Tight stop and close targets, as BTC is really volatile lately.
Entry: 0.00000474
Target 1: 0.00000491
Target 2: 0.00000525
SL: 0.00000462
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USDJPY BEARISH CORRECTIONFX:USDJPY Reached the resistance of the main candle and could go downtrend to the previous low
Next Week 4H Gold entry shortI planned to enter short GOLD from the D point of AB=CD pattern.
This is 4H chart so this is weekly swing trade .
if you dont have time to sit in front of the screen it should be a good approach to have strategy works on 4H chart.
EURUSD 4H EFC INDICATOR STRATEGYEFC INDICATOR is a REVERSAL finding INDICATOR.
EFC INDICATOR finds your ENTRY SIGNAL.
EFC INDICATOR finds your STOP LOSS.
EFC INDICATOR finds your TAKE PROFIT.
EFC INDICATOR has an adjustable risk reward setting.
PM me is you have any questions about the EFX INDICATOR that I can help you with.
4H BTCHello there,
as stated before, the daily/4h (chart represented in the 4) is showing a possible descending triangle .
Thought is not a perfect setup as triangle, is still has 3 touches in the bottom and the representation which i showed would be a the ideal case of a breakdown. The possible target is not the low, could go lower or even never arrive to the low. Is a possibility which i don't wanna take off the tables.
The EMA's in the 4h are spreading fast and it can't go on as this for long.
Lest's see, I just know when everyone is bearish wait for the contrary to happen.
8200% Profit | 1 Year BTC Trading | 4h candlesWelcome,
This Backtest is a showcase of the immense force of this tool.
Please see the below backtesting results.
The chart is not of important information, you may zoom in and see the trades urself. Cheers
BITCOIN - Short Opportunity, Updated IdeaThe price could not break the Resistance Line.
Moving below SMA, Bollinger Bands squeezing to the downside.
The RSI STEP TREND (One of my favorite indicators) will confirm our entry.
I will update the chart accordingly.
Expecting to reach Target Zone 7800.00 - 7900.00 soon.
Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
ETHUSD 4H ASCENDING CHANNEL TRADESChannels & Ranges are repeatable trading chart patterns.
Channels & Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the volume settings on the chart – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
BTCUSD 4H RANGE TRADESRanges are a repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the volume settings on the chart – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
