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BTC - Crucial times ahead for Bitcoin on the weekly chartBTC - A look at the Weekly Chart: BTC is still above it’s 50EMA on this weekly timeframe. BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA on this weekly timeframe. Note that the Lower Band has risen up indicating volatility has slowed and now brought back into equilibrium for this weekly timeframe. Note that the Bollinger Bands Upper and Lower Bands are moving sideways. If we look at the Longterm Pitchfork Pattern (A,B,C), BTC is still above its Longterm Upwards Pitchfork Median Line. At the moment, BTC is still below its Volume Moving Average (Orange Line) for this weekly timeframe which is a 20 Period MA. Overall volume is still low for this week. I have added the 100EMA and 200EMA so you can see where these potential levels of support are at the moment of typing this for this weekly timeframe. The Average Directional Index (ADX DI) is showing that the trend strength has dropped with the ADX (Yellow Line) dropping to 50.33 and its below its 9 Period EMA (White Line) which is at 58.25. The -DI (Red Line) is at 22.97 above its +DI (Green Line) 15.59. Notice however that the -DI (Red Line) is pointing downwards indicating negative momentum has also dropped. We eventually need the +DI (Green Line) to start curving upwards and eventually cross back over the -DI (Red Line) that will indicate renewed longterm positive momentum for this weekly timeframe. The Chaikin Money Flow (CMF) is showing that accumulation has dropped massively from its high but the CMF (Green Line) is still in the Accumulation Zone at 0.03. Notice that the CMF (Green Line) is starting to curve slightly sideways. I have added a Least Squares Moving Average (LSMA) (Blue Line) to the CMF, note that the CMF (Green Line) is below its LSMA (Blue Line) which is at 0.15, a very good sign will be if the CMF curves upwards and gets back above the LSMA. This week and next will be very crucial for BTC, if you are longterm long then you need BTC to stay above the Longterm Pitchfork Median Line and the 50EMA on this weekly chart. If BTC cannot stay above the 50EMA & Pitchfork Median Line on this weekly timeframe then BTC may drop into the Distribution Zone on the CMF for this weekly timeframe. A very good sign to look out for is if this weekly candle and especially next week’s candle closes green with a higher high and a higher low and especially above that crucial support of the 50EMA and Pitchfork Median Line. Here is a closer look at the Chaikin Money Flow (CMF): Here is a closer look at the Average Directional Index (ADX DI): I hope this is helpful with your trading or hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
2
BTC Analyze Time Frame 4H/ Symmetrical Triangle 👀Unfortunately, my last three posts have deleted, because I did not comply with the '' house rules ''. About BTCUSDT Chart, I can say some info; First, we are at Symmetrical Triangle (trusty == more than 45 _60 candles are on our Triangle) + We have Hidden Divergence ( HD- ) between MACD and Price , until now + Evening Star (Bearish candlestick Pattern)+ TRZ + End of microwave 5 (price was at the golden number of Fibonacci), So we have to wait for Correction waves + Price was near upper line of our Pitchfork + Resistance Zone (cluster) + Fib circles (If you look at the circle lines and you will know that these lines have worked well in the past) + ADX=15.58 (Over 20 or 25 initial trends will start ) ===== RESULT ==== BTC Will go Down again until Take profit zone 1 or 2 . My Suggestion : we had enough reasons for open Short positions (The above reasons). Take profit 1: 36620$ - 36460$ (Weekly Pivot point + 61.68% Fib + support zone). Take profit 2: 35430$ - 35120$ (Cluster of Fibonacci) === on this zone, BTC will decide to go DOWN or UP. Do not forget to put Stop loss for your positions (For every position you want to open) Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post. Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe. Good luck
Short
by pejman_zwin
6
The price has finished its momentum (ADX), now it's heading downIn ADX indicator, level 40 has been reached which means it's overbought. The momentum ends and the price will change the direction. There is a small head and shoulders as a confirmation of direction reversal. The price goes down and breaks out the demand area number 1 but it bumps the next demand area (number 2). It executes the buy orders and goes up again and hits the resistance line of the head and shoulders. The price will go down and break the demand area number 2 and bump the demand area number 3.
Short
by FranRizmy
GBPUSD - Daytrade by Keltner - Stochastic & ADX 12 Thu 2021- Higher High for Uptrend. * Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Number of consecutive wins in the past: 9. - Number of consecutive losses in the past: 6. So to avoid psychological influence, choose risk = 1% x6 = 6% for 1 trading signal. Currently, the Bot assumes 2% (orders 1: 1%, orders 2: 1%) ------- Max risk: 2%. 1. Trend identification: ... Keltner: Price through Upper1 / Lower 1 gives 1 point. ...... Uptrend: If price crosses above the close on Upper 1. ...... Downtrend: If the price goes down once, closes below the 1st line. ... Stochastic: ..... d> 67 for Buy, d <16 for Sell ... ADX: 30 indicates strong trend. ...... ADX smooth: 7. ...... DI length: 7. 2. Entry point: ... Buy (BUY): When k cut up D in an uptrend, when D> 67. ... Sell (SELL): When k cuts D in a downtrend, when D <16.
Long
by dinhchien
ADX Breakout strategy for insane returns on the GBPJPY 30minLike the EUR/USD this pair looks amazing on the ADX Breakout strategy once tuned properly. It even has far less draw down! The one thing i did notice is like what is shown on the chart. GBP/JPY does have a tendency to near the limit order and then make a run in the opposite direction occasionally. So in an attempt to see if i can trim losses while maintaining a high return. I will be testing this strategy live but with a trailing stop loss.
by VenomousTrader
How to Select the Most Suitable Trading Indicators? One of the most commonly asked question by novice traders is "what indicators should I use?" which is unsurprising given the vast array of available tools on a typical trading platform. Some traders prefer to crowd their charts with all sorts of indicators, whereas others prefer a more minimalistic approach. While there is no perfect solution, one thing should be abundantly clear- the indicators you select should help you make sense of the price action rather than distract you. When it comes to the number of indicators one should use, the more does not necessarily mean the better. In order to narrow down your options, you can use the following guidelines we have compiled for you so that you can diversify your options depending on the underlying market sentiment. Is the market trending or ranging? The first thing that needs to be determined is what the underlying sentiment is - is the market trending or range-trading. While a keen eye can catch the subtle difference between the two without the use of any indicators, the ADX (Average Directional Index) can be used to determine the strength of the trend. Whenever the ADX is threading above the 25-point benchmark, this underpins a robust trending environment. Conversely, a reading of the index below this threshold indicates undetermined (ranging) market sentiment. If the market is trending, focus on the underlying momentum Price trends are by definition probing either lower or higher, which is why you need to track their changing strength as they develop. This is crucial for the implementation of trend-continuation or trend-reversal strategies. Filling the chart with multiple moving averages with different periods does a perfect job of underlining the changing market bias over time. That is so because MAs can be used as floating supports and resistances, and the behaviour of the price action each time it probes a given MA highlights the changing nature of the trend. The inability of the price to break down below one or several MAs in an uptrend can be perceived as an indication of persisting bullish commitment in the market. Hence, traders can use trend-continuation trading strategies and place long orders while the price probes the MAs. The opposite is true for downtrends. The eventual probing and subsequent penetration of the price above (in uptrends) or below (in downtrends) MAs with higher periods signifies waning commitment in the market. The gradual narrowing down of the space between various MAs followed by an eventual breakout/down underpins the possibility for using trend-reversal strategies. Also, keep in mind that MAs with higher periods are usually found at the bottom of the string in uptrends and on top of the bundle in downtrends. If the market is ranging, bet on the Stochastic RSI In ranging markets, in contrast, there is little need for moving averages, as the price action is naturally contained within a horizontal area. Instead of focusing on the direction of the price action, in this case, it makes more sense to study the discrepancies in the underlying buying and selling pressures. The Stochastic RSI is among the best-fitted indicators to do this job, which is why it is most effective in strong ranging environments. It can be used to gauge the likely rebounds of the price action within the two extremes of the underlying price range. If the ADX has been threading below the 25-point benchmark for quite a while and the Stochastic RSI is getting into one of its two extremes (overbought and oversold), this can be perceived by traders as a potential indication of imminent reversals in the direction of the price action.
TVC:SILVEREducation
by Trendsharks
GBPUSD - Combine: Keltner - ADX - Stochastic 23 Apr 2021k cross d breakout; stop/profit: 1.1/1.1, second: 0.6, Keltner confirm: Upper/Lower 1, Number cross: 1, reset keltner, d value for long: 67, d value for short: 16; adx 30; 7, 7 * Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Number of consecutive wins in the past: 9. - Number of consecutive losses in the past: 6. So to avoid psychological influence, choose risk = 1% x6 = 6% for 1 trading signal. Currently, the Bot assumes 2% (orders 1: 1%, orders 2: 1%) ------- Max risk: 2%. 1. Trend identification: ... Keltner: Price through Upper1 / Lower 1 gives 1 point. ...... Uptrend: If price crosses above the close on Upper 1. ...... Downtrend: If the price goes down once, closes below the 1st line. ... Stochastic: ..... d> 67 for Buy, d <16 for Sell ... ADX: 30 indicates strong trend. ...... ADX smooth: 7. ...... DI length: 7. 2. Entry point: ... Buy (BUY): When k cut up D in an uptrend, when D> 67. ... Sell (SELL): When k cuts D in a downtrend, when D <16.
Short
by dinhchien
XAUUSD - Day trade by Keltner & ADX 22 Apr 2021* The result is reported from 1/1/2017 - present. Strategy entries 2 orders. The first is with risk/reward 1/1 give the Percent profit 58%. The second is at 70% Fibonacci in the First's zone (stoploss-profit). He has the risk/ratio = 1/3.3 and the Percentage Profit: 42%. -------- Risk all: 1-3%. Strategy was minus the fee by: ...Commission = 4 USD/trade. ...Slippage = 2 ticks. * The signals are combined by 2 indicators Keltner Channel & The average directional index ( ADX ). 1. Long trend is confirmed when the close candle crossover the Upper 2 Keltner . 2. Short trend is confirmed when the close candle crossunder the Lower 2 Keltner . 3. ADX indicator below is used to performing the Entry by ADX crossing. ... When Keltner for Long is the crossover for Buy. ... When Keltner for Short is the crossover for Sell. 4. The Stop loss & Profit is with a ratio 1/1. It's calculated by Average True Range Indicator ( ATR) 20 bars.
FX:XAUUSDLong
by dinhchien
2
GBPUSD - Combine: Keltner - ADX - Stochastic 21 Apr 2021* Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Number of consecutive wins in the past: 9. - Number of consecutive losses in the past: 6 . So to avoid psychological influence, choose risk = 1% x6 = 6% for 1 trading signal. Currently, the Bot assumes 2% (orders 1: 1%, orders 2: 1%) ------- Max risk: 2%. 1. Trend identification: ... Keltner: Price through Upper1 / Lower 1 gives 1 point. ...... Uptrend: If price crosses above the close on Upper 1. ...... Downtrend: If the price goes down once, closes below the 1st line. ... Stochastic: ..... d> 67 for Buy, d <16 for Sell ... ADX: 30 indicates strong trend. ...... ADX smooth: 7. ...... DI length: 7. 2. Entry point: ... Buy (BUY): When k cut up D in an uptrend, when D> 67. ... Sell (SELL): When k cuts D in a downtrend, when D <16.
Short
by dinhchien
GBPUSD - Combine: Keltner - ADX - Stochastic 19 Apr 2021k cross d breakout; stop/profit: 1.1/1.1, second: 0.6, Keltner confirm: Upper/Lower 1, Number cross: 1, reset keltner, d value for long: 67, d value for short: 16; adx 30; 7, 7 * Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Number of consecutive wins in the past: 9. - Number of consecutive losses in the past: 6. So to avoid psychological influence, choose risk = 1% x6 = 6% for 1 trading signal. Currently, the Bot assumes 2% (orders 1: 1%, orders 2: 1%) ------- Max risk: 2%. 1. Trend identification: ... Keltner: Price through Upper1 / Lower 1 gives 1 point. ...... Uptrend: If price crosses above the close on Upper 1. ...... Downtrend: If the price goes down once, closes below the 1st line. ... Stochastic: ..... d> 67 for Buy, d <16 for Sell ... ADX: 30 indicates strong trend. ...... ADX smooth: 7. ...... DI length: 7. 2. Entry point: ... Buy (BUY): When k cut up D in an uptrend, when D> 67. ... Sell (SELL): When k cuts D in a downtrend, when D <16.
Long
by dinhchien
GBPUSD - Signal by Keltner - Stochastic & ADX 14 Apr 2021* Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Number of consecutive wins in the past: 9. - Number of consecutive losses in the past: 6. So to avoid psychological influence, choose risk = 1% x6 = 6% for 1 trading signal. Currently, the Bot assumes 2% (orders 1: 1%, orders 2: 1%) ------- Max risk: 2%. 1. Trend identification: ... Keltner: Price through Upper1 / Lower 1 gives 1 point. ...... Uptrend: If price crosses above the close on Upper 1. ...... Downtrend: If the price goes down once, closes below the 1st line. ... Stochastic: ..... d> 67 for Buy, d <16 for Sell ... ADX: 30 indicates strong trend. ...... ADX smooth: 7. ...... DI length: 7. 2. Entry point: ... Buy (BUY): When k cut up D in an uptrend, when D> 67. ... Sell (SELL): When k cuts D in a downtrend, when D <16.
Long
by dinhchien
1
BTCUSDT - Next target 64.126 USD will be soon * Historical statistics from 2018: * Strategy will enter 2 orders, Order 2 will appear only when there is Order 1: - Percent profitable of 1st order: 70.91%. - Percent profitable of 2nd order: 54.37%. - Average percent profitable: 62.64%. - 12 consecutive wins. - 4 consecutive losses. Order 1: risk / reward ratio 1/1 used to determine if this rule is effective or not? Order 2: Appears when there is order 1, Use take-profit and take-loss level of order 1 at Fibonacci 75%. . * 1st Order conditions: - Buy: When the ADX index cuts up to 49, check earlier if the closing price has cut up and is above the Upper 2 line, enter the Buy order. - Sell: when the ADX indicator cuts up to 49, check before that if the closing price has cut down and is above Lower 2 then enter a Sell order. * How to enter Order 2: When order 1 appears, there are always Stoploss and Takeprofit levels. Draw Fibonacci from take-profit and take-loss prices, Fibonacci retracement level = 75% ---------------- 1. Trend identification: Base on 4 emas: 10 - 20 - 50 - 100 Daily timeframe - Channel Keltner: ... Uptrend: when the closing candlestick cuts up and is above the Keltner channel, the Upper Line 2 ... Down trend: when the candle closes and falls above the Keltner Line Lower 2 *** Free reference and use: Keltner Color count: 2. Rules of entry: - Channel Keltner: ... Buy: Candlestick closing price cuts up and above the Keltner Upper 2. ... Sell: The closing price of the candle cuts down and is lower than the Keltner Below 2. ADX indicator: ... Buy: The ADX value crossed to 49 and the close of the candle was higher than Keltner Upper 2. ... Sell: ADX value cuts to 49 and the close of the candle is lower than Keltner Below 2. 3. Stoploss and Profit = atr (20) * 2.
Long
by dinhchien
2
GBPUSD - Long signal by Keltner, Stochastic & ADX 13 Apr 2021k cross d breakout; stop/profit: 1.1/1.1, second: 0.6, Keltner confirm: Upper/Lower 1, Number cross: 1, reset keltner, d value for long: 67, d value for short: 16; adx 30; 7, 7 * Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Number of consecutive wins in the past: 9. - Number of consecutive losses in the past: 6. So to avoid psychological influence, choose risk = 1% x6 = 6% for 1 trading signal. Currently, the Bot assumes 2% (orders 1: 1%, orders 2: 1%) ------- Max risk: 2%. 1. Trend identification: ... Keltner: Price through Upper1 / Lower 1 gives 1 point. ...... Uptrend: If price crosses above the close on Upper 1. ...... Downtrend: If the price goes down once, closes below the 1st line. ... Stochastic: ..... d> 67 for Buy, d <16 for Sell ... ADX: 30 indicates strong trend. ...... ADX smooth: 7. ...... DI length: 7. 2. Entry point: ... Buy (BUY): When k cut up D in an uptrend, when D> 67. ... Sell (SELL): When k cuts D in a downtrend, when D <16.
Long
by dinhchien
BTCUSDT - Target 61.644 USD will be retested* Historical statistics from 2018: * Strategy will enter 2 orders, Order 2 will appear only when there is Order 1: - Percent profitable of 1st order: 67.19%. - Percent profitable of 2nd order: 53.19%. - Average percent profitable: 61%. - 12 consecutive wins. - 4 consecutive losses. Order 1: risk / reward ratio 1/1 used to determine if this rule is effective or not? Order 2: Appears when there is order 1, Use take-profit and take-loss level of order 1 at Fibonacci 75%. . * 1st Order conditions: - Buy: When the ADX index cuts up to 45, check earlier if the closing price has cut up and is above the Upper 2 line, enter the Buy order. - Sell: when the ADX indicator cuts up to 45, check before that if the closing price has cut down and is above Lower 2 then enter a Sell order. * How to enter Order 2: When order 1 appears, there are always Stoploss and Takeprofit levels. Draw Fibonacci from take-profit and take-loss prices, Fibonacci retracement level = 75% ---------------- 1. Trend identification: Base on 4 emas: 10 - 20 - 50 - 100 Daily timeframe - Channel Keltner: ... Uptrend: when the closing candlestick cuts up and is above the Keltner channel, the Upper Line 2 ... Down trend: when the candle closes and falls above the Keltner Line Lower 2 *** Free reference and use: Keltner Color count: 2. Rules of entry: - Channel Keltner: ... Buy: Candlestick closing price cuts up and above the Keltner Upper 2. ... Sell: The closing price of the candle cuts down and is lower than the Keltner Below 2. ADX indicator: ... Buy: The ADX value crossed to 45 and the close of the candle was higher than Keltner Upper 2. ... Sell: ADX value cuts to 45 and the close of the candle is lower than Keltner Below 2. 3. Stoploss and Profit = atr (20) * 2.
Long
by dinhchien
XAUUSD - Day trade by Keltner & ADX 8 Apr 2021* The result is reported from 1/1/2017 - present. Strategy entries 2 orders. The first is with risk/reward 1/1 give the Percent profit 58%. The second is at 70% Fibonacci in the First's zone (stoploss-profit). He has the risk/ratio = 1/3.3 and the Percentage Profit: 42%. -------- Risk all: 1-3%. Strategy was minus the fee by: ...Commission = 4 USD/trade. ...Slippage = 2 ticks. * The signals are combined by 2 indicators Keltner Channel & The average directional index ( ADX ). 1. Long trend is confirmed when the close candle crossover the Upper 2 Keltner . 2. Short trend is confirmed when the close candle crossunder the Lower 2 Keltner . 3. ADX indicator below is used to performing the Entry by ADX crossing. ... When Keltner for Long is the crossover for Buy. ... When Keltner for Short is the crossover for Sell. 4. The Stop loss & Profit is with a ratio 1/1. It's calculated by Average True Range Indicator ( ATR) 20 bars. ------------ "Use the link below to obtain access to this indicator" or "PM us to obtain access" ------------
FX:XAUUSDLong
by dinhchien
XAUUSD - Day trade by Kelter & ADX 6 Apr 2021* The result is reported from 1/1/2017 - present. Strategy entries 2 orders. The first is with risk/reward 1/1 give the Percent profit 58%. The second is at 70% Fibonacci in the First's zone (stoploss-profit). He has the risk/ratio = 1/3.3 and the Percentage Profit: 42%. -------- Risk all: 1-3%. Strategy was minus the fee by: ...Commission = 4 USD/trade. ...Slippage = 2 ticks. * The signals are combined by 2 indicators Keltner Channel & The average directional index ( ADX ). 1. Long trend is confirmed when the close candle crossover the Upper 2 Keltner . 2. Short trend is confirmed when the close candle crossunder the Lower 2 Keltner . 3. ADX indicator below is used to performing the Entry by ADX crossing. ... When Keltner for Long is the crossover for Buy. ... When Keltner for Short is the crossover for Sell. 4. The Stop loss & Profit is with a ratio 1/1. It's calculated by Average True Range Indicator ( ATR) 20 bars.
FX:XAUUSDLong
by dinhchien
1