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50sma

Brent Crude Oil Breaks Key SupportLast post: June 5th. See chart . Review: Price was being propped up by a pivot support zone and the daily 50sma. Update: Price has broken through support with an aggressive bearish bar on Friday. Conclusion: Price is within a support zone that we want to see hold strong. Any further weakness and we will look to cut out of our long trade. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
TVC:UKOILLong
by Sublime_Trading
POSSIBLE FUTURE FOR AUGJPY FIRST OF WEEKHere are some signs of possible bullish bias for next week for the AUDJPY Day Chart double bollinger bands - price closed above BB midline bullish bias 4H Chart - Macd crossed above zero line and Price closed above 100 sma bullish bias 1H showing possible bearish retracement back to the 50 sma area, macd over bought 15m showing possible bearish retracement back to 50/100 sma, macd over bought Take Profits will be in updates below
Long
by Tradingstrategyguides
The TRYJPY Close To Breaking Support We last posted on the TRYJPY on April 10th when price was finding immediate support at the pivot low of March. The following bar did break and close below the pivot support this was short-lived. Price spent the latter part of April pulling back to the 50SMA where it found resistance. The 50SMA is a significant level of support and resistance when price is in a trend and this is a perfect example. It also offers entry points into the trend and so this pullback to the 50SMA and the round number 27.00 resistance cluster would have offered just that, a short entry into the bear trend. By giving price the space to move, we have stayed in our short trade and we are now looking to add further compounds. We first need to see price break and close below the support level of April that price is currently looking to push through. If price does dictate the break and close, then we would want to see price continue to weaken in the direction of the bear trend towards the next round number of 20.00. If the trend continues in the same structure as it did from the start of the year to the end of March, then we are in a fast moving trend structure and that is when breakouts will be the most likely entry points for compounds. This is looking strong for a trend continuation but we need to apply patience and wait for the break below pivot support to be confirmed before we can place any more short trades. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
Short
by Sublime_Trading
1
GBPUSD 4H SIMPLE MOVING AVERAGE STRATEGYStep #1: Plot on your chart the 20, 50 & 100 SMA The first step is to properly set up our charts with the right simple moving averages so we could be able to identify the SMA crossover at the later stage. The simple moving average strategy uses the 20, 50 and 100 periods SMA. Most standard trading platform come with default moving average indicators so it should not be a problem to locate the SMA either on your MT4 platform or Tradingview. Step #2: Wait for the 20 SMA crossover and A - for the price to trade above the 20 and 50 SMA or B - for the price to trade below the 20 and 100 SMA. The second rule of the simple moving average strategy is the need for the price to trade Bullish - above both 20 and 50 simple moving averages and secondly, we need to wait for the SMA crossover which will add more weight to the bullish case. We refer to the SMA crossover for a buy trade when the 20-SMA crosses above the 50-SMA in this trade. Opposite is true for a bearish trade - price is below both 20 & 100 sma and the 20 SMA cross below 100 SMA. We refer to the SMA crossover for a sell trade when the 20-SMA crosses below the 100-SMA in this trade. By looking at the SMA crossover we create an automatic buy and sell signals. However, since the market is prone to do a lot of false breakouts we at Trading Strategy Guides need more evidence than just a simple SMA crossover. At this stage, we don’t know if the bullish/bearish sentiment is strong to push the price further after we buy/sell so we can make a profit. To avoid the false breakout we added a new confluence to support our view which brings us to the next step of the simple moving average strategy. Step #3: Wait for the zone between 20 and 50 SMA or the 20 and 100 SMA to be tested again (break-hook-go), then look for buying/selling opportunities. The conviction behind the simple moving average strategy relies on multiple factors to confirm a new trading idea. After the SMA crossover happened, we again need to exercise a little bit more patience and wait for a successful retest of these zones. The successful retest of these zones gives the market enough time to actually develop a short term trend and protect you from a failed attempt. Note* When we refer to the “zone between 20 and 50 SMA or 20 and 100 SMA” we actually don’t mean that the price needs to trade in the space between the two moving averages. We just wanted to cover the whole price spectrum between the two SMAs because the price often times will only briefly touch the shorter moving average (20-EMA) which is still a successful retest. Step #4: Buy/Sell at the market when we retest the zone and complete the break-hook-go. Step #5: Place the protective Stop Loss 20 pips below the crossover candle. Step #6: Take Profit once we break and close below the 50-SMA or above the 100 SMA. Or a predetermined sup/res level.
by Tradingstrategyguides
GBPJPY 4H HORIZONTAL PRICE CHANNEL PATTERNStep#1: Draw a Price Channel if you are able to see at least two highs tops and bottom lows. The Price Channel pattern is drawn by connecting the highs and lows. During this stage, we’re looking for distinctive price action that can be contained within two parallel lines that ultimately will form the Price Channel pattern. Step #2: Wait for a Swing High to bounce off of the top or fail to reach the top of the Price Channel pattern In the case of an ascending or upward Price Channel pattern or a Horizontal Price Channel Pattern the first warning signal that the price will fail to trade within the boundaries set by the Price Channel Pattern presents itself when the last swing high point fails to reach the top of the channel. Only our Price Channel trading strategy makes use of this powerful price reading technique because our team at Trading Strategy Guide has developed the “early signs” of Price Channel breakout. The fail attempt to test again the top of the Price Channel is a sign of price weakness which is confirmed when the price also fails to bounce off the Price Channel bottom and breaks it instead. Note* The more times a swing High fails to reach the top of the Price Channel pattern the better the trade setup. Step #3: or Wait for the Price Channel breakout and for breakout confirmation. One of the worst mistakes traders does when trading Price Channel patterns is that they don’t wait for confirmation signal when the breakout happens. You should always wait for breakout confirmation! What do we mean by breakout confirmation? In simple terms, we want the breakout candle to post a close outside the Price Channel trendline to confirm the breakout or on a smaller time frame a break-hook-go confirmation. This is a very simple way to avoid many of the false breakout signals. Note* The breakout candle needs to be a big decisive looking candle, but it’s not mandatory Step #4: BREAKOUT - Sell right at the Breakout Candle Closing Price or the completion of a smaller time frame break-hook-go or BOUNCE - Sell right after a bearish candle pattern has completed (Evening Star, Railroad tracks, engulfing candle). Step #5: Take Profit 1 at the 50 sma, Take Profit 2 at the bottom point of the Price Channel. Step #6: Place the protective stop loss at the apporpriate place your trading plan determines.
by Tradingstrategyguides
2
BITCOIN IS NEARING THE 2ND 'DEATH CROSS' ON THE CHARTS!This is what that means. Bitcoin has fallen below $8,000 this month. The charts are showing something that has investors wondering if it is time to panic. Bitcoin's chart shows price has experienced the first 'death cross' where the 50 sma crosses below the 100 sma. Now the 50 sma is approaching the 200 sma and it appears that the 50 sma may cross below the 200 sma also creating the second 'death cross'. This is used to illustrate when the 50 sma moves below the 200 sma – technicians often look at this pattern as a bearish sign of what's to come. And in bitcoin's case, the 50 sma has already taken out the 100 sma, with the shorter-term trend line inching lower. "When we are talking about bitcoin, I think it's important to remember that we don't have much history to go off of to identify long term trends," Jim Iuorio of TJM Institutional Services wrote to CNBC on Wednesday. "That being said, any time the 50-day crosses the 200-day, it should flash a warning…and when you couple that with the fact that bitcoin has been trending steadily lower since the launch of futures, I think that it is a major negative," he added. But not everyone believes that a death cross marks more pain ahead for bitcoin. "Fast Money" trader Brian Kelly points out that he sees an uptrend in the chart of bitcoin that has been in play since August, and thinks that the same uptrend could actually be just as indicative of where bitcoin is headed. "Bitcoin, just like the spot FX markets, follows technicals closely, therefore these support levels gain more importance," he wrote to CNBC. "If these levels hold, then it will confirm the uptrend from August is still valid." The last time the death cross pattern occurred for bitcoin was in September 2015. After the death cross, bitcoin rallied close to $500 by early November that year from around $230. Bitcoin has plunged about 38 percent year to date, but would still need to fall another 88 percent to erase all of the 2017 gains. Quotes taken from Annie Pei article from Futures Now CNBC
BITFINEX:BTCUSD
by Tradingstrategyguides
6
LTC Fibonnacci Trend Analysis Dear all, for context please note that you are looking at a chart which uses candlesticks in the 4-hour time frame whose whole scope is roughly 2 months. We can see from the most current bullish trend which started on Feb. 6 and continued until Feb. 20 that Fibonnacci support and resistance levels are highly effective in identifying price movement and potential buy/ sell levels in the short term as they have acted as support/ resistance nearly 5 times in 11 days. Another consistent trend we have seen is a failure for LTC to break above the 50 day simple moving average. At the time of writing we are hovering around the .618 Fibonnacci level and I will be entering a tight sell stop here. Though volume has been moderately encouraging in the latest price increase it is not sufficient for me to be bullish thus I am neutral. A break above the 50 day SMA will be a catalyst for bullishness in my opinion. Without a break above 50 MA I envision a continous decline within the shaded price channel with the low 100s a possibility at which I will be an aggressive buyer.
BITFINEX:LTCUSD
by TNasr