BTCUSD 1D CONTINUATION TRIANGLE BREAKOUT TRADEPrice is in a consolidating continuation triangle pattern
There is a nice bullish trend before this pattern
You see dropping interest in trades by the dropping volume bars
And dropping volatility found in the dropping ATR values
Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place
Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement
A continuation triangle pattern expects the bullish trend coming into it will continue on the breakout.
But be prepared if price movement decides to retrace with a bearish breakout.
Buy on a daily close above the triangle
Sell on a daily close below the triangle
Trade a full size position if the volume
of the breakout candle is at least equal
to the average volume.
Use 1/2 size position if the volume is at
least 75% of the average volume
If closed candle is more that 1 ATR outside of the pattern, stand aside and wait for price to retrace back to that 1 ATR level to get in.
If you are afraid you might miss it put a limit order at the 1 ATR level and price will trigger it as soon as $ pulls back to that level.
SL is 1.5xATR of breaking bar
TP is 1xATR of breaking bar
At 1st TP close 1/2 of position.
Move SL to break-even
Let remainder of trade run
Watch trade - cryptocurrency trades all weekend
ATR
USDJPY 4H TRIANGLE-WEDGE BREAKOUTIt looks like the USDJPY 4H is currently in a Triangle-Wedge.
Lookout for a breakout above and below at the trend lines we labeled.
We are doing a live triangle trading class on our TTT Strategy June 21st @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
LTCUSD 1D ASCENDING TRIANGLE BULLISH BREAKOUTPrice is in an ascending triangle chart pattern which is a bullish continuation move
What makes up an ascending triangle?
Great resistance level @ 117.00 tested by 8 candles
There are higher lows
Winding up of price created massive pressure on the resistance level to the upside
Reduction of traders interest in chart pattern
Traders interest is indicated by volume and volatility
Volume represents how much dollars traders have placed on a particular instrument at a certain price range
Volatility is represents ed by ATR by how much price has moved around during a certain time period
Volume spikes are falling off
Volume average line is dropping off
Volatility is dropping off y falling ATR line which represents smaller candle bar sizes
Ascending Triangle is a continual bullish chart pattern - trade only long
Trading Plan
Watch for a daily candle close above resistance level of 117.00
Make sure breakout candle has an average or + volume bar
If volume bar is to or above the average line then trade 100% your risk reward ratio (2% of Trade Account)
If volume bar is 75% to average line then trade 50%% of your risk reward ratio (1% of Trade Account)
Take two trades
Both trades SL is 1.5 x ATR of breakout candle
1st trade TP is 1 x ATR of breakout candle
When 1st trade TP is hit, move 2nd trade SL to break even and let profit run
Follow 2nd trade profit with SL
ETHUSD 1D RANGE TRADESPrice has been in a range
Volume dropping causing consolidation
ATR and Volatility dropping because candle size is smaller
This is a pattern to look for because traders are getting bored with this consolidation pattern so breakout pending
Wait for breakout candle either long or short to close outside range
Wait for volume bar to be at average line to trade 100% full size
or at 75% of average then trade 50% of size
SL 1.5 x ATR
DISNEY 1D IN A CONTINUATION TRIANGLE PATTERNDisney Investment has been fading
Aladdin Live Action Opening Weekend was $100 Million
Disney has a library full of animated films we all have watched
Potential to convert them to live action is great
Increased investment interest may be coming
Price has been consolidating
Continuation Triangle Pattern has be created which has a bullish bias
Volume, ATR & Volatility have been dropping from consolidation
Wait for a candle close on the triangle trendline bullish breakout
Wait for an increased volume bar
Volume bar reaches average atr line then trade 100%
If volume bar only reaches 75% then trade 50%
Open 2 trades
Both SL is 1.5 of ATR of entry candle
1st trade TP is 1xATR of entry candle
2nd trade no TP - when 1st TP hit move this SL to Break Even let profit run
2nd trade - move stop loss to follow trade
WATCH FOR THE SILVER LINING IN THE CHNA-US TRADE WARCNN Business - The World is on a brink of a Trade War
US impose tariffs on $50 Billion worth of Chinese Exports
Chinese quickly outlined new import taxes on US Products worth $3 Billion
Result is a drop in the Dollar Index
Benefit of this is when Dollar drops precious metal pop
Gold broke bullish out of descending wedge but too late to enter
Silver has given us a candle close above this descending channel with increased volume
Traders were bored with this descending channel chart pattern with decreasing volume bars
Decreased ATR from smaller sized candle bars dropped volatility
Trade War news brought bullish momentum to have a breakout candle close above channel trendline
XAGUSD BUY STOP @ 14.77
Enter two orders
Both SL at 1.5xATR
1st Trade TP 1xATR
2nd Trade no TP
When 1st trade hits its TP move 2nd trades SL to breakeven
Follow Price on 2nd trade with SL to let profits run
BTCUSD 1D IS IN A CONTINUATION TRIANGLE PATTERNFollow the highlights listed on the chart
This is a Bank Holiday weekend
Volume & Volatility are dropping
Candle bar size is shrinking reducing ATR
All of this is causing price to consolidate
Price created a continuation triangle chart pattern which has a bullish bias
Price failed to make a bullish breakout close
Wait for a candle close on a triangle trendline breakout either direction
Watch volume to confirm momentum
LOOK FOR CRUDE OIL TO TAKE A SLIDEAscending Triangle Trendline breakout
Blue Sup/Res lines found on weekly chart
On Day chart find fib lines and triangle
Price consolidated sideways at Weekly S/R zone and 61.8% fib
Price has curved downward
Wait for price to fall to bottom Trendline
There price will either bounce up once again or breakout bottom trendline
Wait for a candle to close below trendline
Wait for volume bars to increase
Wait for ATR value to increase
Choose your own entry strategy - (poss 15m/30m break-hook-go pattern)
Find your own SL
EUR/USD - Don't fall asleep just yet " No one knows the future" - Nathaniel "THe BiPolar TraDer"
I would like to introduce myself (yet again). I am not going to sit here and pretend I am a self-proclaimed trader. Everyone has there ideas on the market, and I wanted to use TradingView as a platform to hone my skills and one day be managing a hedge fund. If you would like to follow my story as it unfolds you can find out more about the "BIPOLAR TRADER" at my blog below. I am not a forecaster, so don't ask me where price is going. What I define in my analysis is price points where I believe could be turning points or value within a specific market.
thelittlebigmovement.com
Let get started with the Analysis.
EUR/USD could be just as exciting as watching paint dry at the moment. We are in a tight trading range which means the banks will be loading up before pushing this price in their given direction. This market is excellent for intraday traders as the price has not deviated from the VWAP over the last five days. Looking at the overall trend (yellow arrow) for the two months you can see we are in a steady downtrend, clearly visualised by the downward stair pattern of the VWAP. For the reversal traders looking to catch the bottom potentially, there should be some value under the 1.11500 price (Green Value Area). On the other hand, you might be a trend trader looking for a pullback. Catch the price on the past VWAP at 1.12800 (Top White Line) or above (Red Value Area), would provide an excellent risk to reward with more than enough selling pressure as resistance. My personal opinion is this market is going to need another week to show its true colours, so if you are a swing trader, please hold tight. For the intraday traders have fun grabbing those quick wins on either side of the book.
Next update will be this weekend - Thank you for your love and support.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
USD/JYP Price Analysis " No one knows the future" - Nathaniel "THe BiPolar TraDer"
As this is my first published price analysis, I would like to introduce myself. I am not going to sit here and pretend I am a self-proclaimed trader. Everyone has there ideas on the market, and I wanted to use TradingView as a platform to home my skills and one day be managing a hedge fund. If you would like to follow my story as it unfolds you can find out more about the "BIPOLAR TRADER" at my blog below. I am not a forecaster, so don't ask me where price is going. What I define in my analysis is price points where I believe could be turning points or value within a specific market.
thelittlebigmovement.com
Let get started with the Analysis
USD/JYP chart uptrend has slowed down, with the market bouncing on either side of the VWAP for the last month. If you are a reversal trader, you have two value points which I would consider decent entries. 112.00 will provide some possible resistance to the upside, but I would be more inclined to take a position at the 113.00 price. For the trend traders, you should sit tight for a little while as the price is currently above the VWAP. If there is a pullback between 111.00 - 110.00 this would be a good area to buy, for a push to the upside. Below 110.00 is downtrend territory and trend traders should look for shorts
Next update will be this weekend - Thank you for the love and support
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
XMR/USD Kraken - Potential Long (Turtle plus other indicators)Monero, along with other alts, has been showing strength against the dollar over the past three weeks.
History tells us that alts often pop before Bitcoin so I am starting to look at set ups for a number of alts which I think are strong projects. I'm not saying the bottom is in but its at least a good time to evaluate the market for opportunities. With that said here is my thoughts on XMR:
1) Price found support at EMA 50 (orange line) but was rejected two days back on the EMA 100 (blue line)
2) Two blue horizontal lines show recent weekly R/S. If we can break through these they will act as support. Above this we have little resistance until the next weekly R/S level at $87
3) Two green lines ($54.69 & $55.54) show the Buy levels for the Tuttle S1 Trading Strategy - See related Idea below for details)
4) Buy volume has been greater than sell volume recently. This is confirmed by a positive OBV (not shown)
5) We are in the Ichimoku cloud with an edge to edge trade acting as a magnet to the top edge of $76 (using 20,60,120,30 settings) (also not shown)
Trade:
Buy position if price manages to close on the daily above the EMA 100 and lower Wk R/S level ($54.86). Add to position if price continues up and closes above the $57.16 Wk R/S level. As per Turtle strategy Stop Loss will be placed at 2% loss which will be approx $51.28. Expected target in range of $76-$87 (top of cloud-previous Wk R/S level), however I will exit in accordance with the Turtle strategy using trailing Stop Loss.
If you found this helpful please smash the like and follow buttons. It will encourage me to share other alt trades over the next few days.
Always remember "Luck is what happens when preparation meets opportunity"
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
BTCUSD DAY BREAKOUT1. Wait for the Daily candle to close outside of the consolidation trendline.
2. Be sure the close includes descend volume or pass on it.
3. Trade in the direction of the trade.
4. Set Stop Loss to 1.5x of ATR
5. Set you 1st Take Profit to 1x of ATR
6. Close 1/2 trade at 1st TP
7. Follow stops on second half to maximize profit.
8. Risk no more than 2% of your trade balance on this trade.
40) ETH/USD SHORT Turtle S1 Breakout trigger (17-Feb-18)Are we finally seeing the Crypto markets wake up or will this prove to be another false alarm. More dreams dashed? As a mechanical trader these are not my concerns. My strategy has triggered a buy so we are in the trade. Simples!!
ETH burst through the 20 day high as shown on the chart (pink box). Position 1 & 2 triggered at the levels shown with a 1N position size. I have no further position size because this trade is still against the trend of the market, as such I have reduced my risk exposure.
Stop Loss is set at 2N below P2 at the level shown which is in play. Exit level (yellow box) is below the SL so is not active.
I will post updates below, so please smash the like and follow buttons!!
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
TO SEE RESULTS SO FAR FOR THIS STRATEGY (ALL 39 TRADES) SEE THE LINK BELOW
39) ETH/USD SHORT Turtle S1 Breakout trigger (22-Jan-18)ETH dropped below the 20 day low as shown on the chart (pink box). Position 1 has triggered at the levels shown with a 1N position size. P2-P4 will trigger if price drops to the levels shown.
Stop Loss is set at 2N above P1 at the level shown. Exit level (yellow box) is below the SL so is active.
I will post updates below, so please smash the like and follow buttons!!
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
Note: I am personally not trading this idea as I have 7N units short on other pairs and the technicals are not strong enough to warrant me placing up to 12N currently.
"Luck is what happens when preparation meets opportunity"
EURUSD average true range plummetsThe euro currency is once again trading around the technically important 1.1360 level against the US dollar, after a brief dip towards the 1.1335 support level. The ATR indicator on the four-hour time frame has plummeted to historically low levels, as the EURUSD pairs trading range narrows ahead of Thursday’s ECB meeting. The ATR indicator is a key measure of volatility and is typically calculated over a 14 day period.
The EURUSD pair remains bearish while trading below the 1.1410 level, key technical support is now found at the 1.1335 and 1.1300 levels.
If the EURUSD pair moves above the 1.1360 level, buyers may test towards the 1.1380 and 1.1410 resistance levels.
BITCOIN INDICATOR - ALL MARKETS/TIME FRAMES - BOTH DIRECTIONSBitcoin Signal Indicator trades all markets and time frames
Bitcoin Signal Indicator trades both directions
Bitcoin Signal Indicator finds Entry Point - TP - SL
Bitcoin Signal Indicator SL will adjust to a trailing stop as trades profits
PM me if you have any questions i can help you with on our Bitcoin Signal Indicator
38) BTC/USD SHORT Turtle S1 Breakout trigger (10-Jan-18)For details of the strategy used for this trade (and historic performance) see linked trade below.
BTC (XBT) dropped below the 20 day low as shown on the chart (pink box). Position 1 has triggered at the levels shown with a 1N position size. P2 will trigger if price drop to the levels shown. I am only placing two positions due to uncertainty in other TA indicators.
Stop Loss is set at 2N above P1 at the level shown. Exit level (yellow box) is at same level as the SL.
I will post updates below, so please smash the like and follow buttons!!
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"