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Turtle Trading Strategy - Educational Overview & Results (v2)I have undertaken backtesting over the past few weeks on a number of Crypto / USD pairs using the famous Turtle Trading strategy. There are a number of good books written on this strategy and you can find the details rules online. On all of the pairs I tested the Turtle Strategy (version 1) performed best. The Turtle Trading strategy is a systematic trend-following breakout trading system which works well in trending markets - its designed to catch the big trends! The strategy looses money over time when the market is ranging. Historically crypto markets have primarily been trending which makes the Turtle strategy a good fit over time. In this trade I will follow these Turtle strategy principles: (main rules also shown in the chart) Entry: Long (or Short) is placed when the price breaks above (or below for Shorts) the price for the previous 20 days. Position Size: 1% of portfolio size adjusted to account for volatility of the market, known as 1N. More volatile markets have a wider Stop Loss (see below) but they also have smaller position size. This equalises risk across all entries and results in better diversification and more robust risk management. As the portfolio size increases or decreases so therefore will the subsequent position sizing. Additional Positions: Purchased if price moves in the direction of the trade at 1/2N or 1/2% of portfolio size/risk. A maximum of 3 additional units, making for a total of 4 units will be purchased. Stop Loss: Placed based on a calculation involving the Average True Range (ATR) for the previous 20 days where the Risk amounts to no more than 2% Portfolio size. i.e. Stop is placed at 2N. If additional units are purchased then each one has its own Stop Loss and each will be executed individually if and when they are reached. Target/Exit: No fixed target is set. Turtles do not agree with the old saying "You can never go broke taking a profit", instead they believe that taking a profit too early is one of the most common and damaging mistakes in trading trend-following systems. Instead an exit will be triggered when the trend has a 10-day low (or 10-day high for Shorts). Thus the Exit is not shown on this trade set-up. If additional positions have been purchased then ALL will be exited when the exit target is hit for the original position. Maximum Positions: The Turtle strategy advocates a limit on the number of positions held across all traded pairs for uncorrelated and correlated markets. Since all crypto pairs are closely correlated (see: cointrading.ninja) I will be ignoring this rule and instead following the rule which states that a maximum of 12 long positions and 12 short positions can be held at the same time. It is noted that it is unlikely that 24 positions will be opened as the close correlation of crypto markets means that positions will either be long or short but not both at the same time. History of trades for this Turtle S1 strategy (each trade is posted separately): 1) IOT/USD Long (11-Jun-18), 2% Loss 2) XRP/USD Short (03-July-18), 0.45% Loss 3) ETH/USD Short (03-July-18) 1.15% Loss 4) IOT/USD Short (11-Jun-18) 1.38% Gain 5) BTC/USD Short (03-Jul-18) 0.65% Gain 6) BTC/USD Long (03-Aug-18) 0.61% Loss 7) ETH/USD Long (31-July-18) 2% Loss 8) XRP/USD Long (17-July-18) 2.11% Loss 9) ETH/USD Short (01-Aug-18) 10.36% Gain 10) IOT/USD Short (03-Aug-18) 9.28% Gain 11) XRP/USD Short (06-Aug-18) 12.45% 12) BTC/USD Short (08-Aug-18) 0.36% Gain 13) EURUSD Short (10-Aug-18) 4.55% Loss 14) IOT/USD Long (28-Aug-18) 3.27% Loss 15) BTC/USD Long (28-Aug-18) -2.58 Loss 16) ETH/USD Short (05-Sep-18) ACTIVE 17) BTC/USD Short (09-Sep-18) ACTIVE 18) IOT/USD Short (18-Sep-18) ACTIVE Overall 16.05% Gain of closed trades I publish each individual trade I execute on TradingView - search for my trades using "turtle" tag. I will be keeping a log of trading results in this idea for full transparency. 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update TradingView more frequently with my levels so people can copy trade. Peace.
BITFINEX:BTCUSDEducation
by HackneyCrypto
3
XRP/USD Long Turtle S1 Breakout trigger (20-Sep-18)For details of the strategy used for this trade (and historic performance) see linked trade below. I have realised 16% gains over the past 3 month bear market. XRP has just shot through it's 20 day high so I have entered into long position (P1 & P2). Level for P3 is shown on chart and will be executed if reached. As always position size is 1N. Stop Loss is at 2N (2% of portfolio size) of latest position (e.g. P2). Exit at 10 day low (as shown) so this is currently not in play. The exit will move over time and if it comes into play I will update on the trade. 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update TradingView more frequently with my levels so people can copy trade. Peace.
BITFINEX:XRPUSDLong
by HackneyCrypto
BTC/USD Short Turtle S1 Breakout trigger (08-Sep-18)For details of the strategy used for this trade (and historic performance) see linked trade below. This trade executed on the 8th when BTC fell below the 20 day low. I have entered into a short with Position 1 (P1). Levels for P2 & P3 are shown on chart. As always position size is 1N. Stop Loss is at 2N (2% of portfolio size). Exit at 10 day high, as shown (with purple bar) - this may move below the SL over time. I will post updates below, so please follow!! 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update TradingView more frequently with my levels so people can copy trade. Peace.
BITFINEX:BTCUSDShort
by HackneyCrypto
ETH/USD Short Turtle S1 Breakout trigger (05-Sep-18)For details of the strategy used for this trade (and historic performance) see linked trade below. ETH has plummeted below the 20 day low so I have entered into a short with Position 1 (P1). Levels for P2 & P3 are shown on chart. As always position size is 1N. Stop Loss is at 2N (2% of portfolio size). Exit at 10 day high, as shown. I will post updates below, so please follow!! 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update TradingView more frequently with my levels so people can copy trade. Peace.
BITFINEX:ETHUSDShort
by HackneyCrypto
IOTUSD LONG Turtle S1 Breakout trigger (28-Aug-18)IOT has smashed through its 20 day high so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Short Turtle Trade in the related ideas below. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below. As for this trade: P1 & P2 triggered as shown on the chart. P3 unit order in place. Position Size: 1N per position Stop Loss as shown (this is equal to 2N of P2). Note: If P3 triggers then the SL will move and I will show this in an update to this trade. Exit: 10 day low as shown. If the exit moves above the SL in subsequent days I will provide in an update to this trade. 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update TradingView more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss 7) ETHUSD Long (Closed on 31-July-18) 2% Loss 8) XRPUSD Long (17-July-18) 2.11% Loss 9) ETHUSD Short (01-Aug-18) ACTIVE 10) IOTUSD Short (03-Aug-18) 9.28% Gain 11) XRPUSD Short (06-Aug-18) ACTIVE 12) BTCUSD Short (08-Aug-18) 0.36% Gain 13) EURUSD Short (10-Aug-18) 4.55% Loss 14) IOTUSD Long (28-Aug-18) ACTIVE <--- This Trade Overall 2.61% Loss. Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:IOTUSDLong
by HackneyCrypto
USD Strong on Geopolitical FactorsThe US dollar has been a bit volatile over the past several weeks owing to mixed signals over the trade war, an ongoing spat between Trump and the Fed over the trajectory of interest rate hikes, and the ongoing NAFTA saga. Although the technicals for USDJPY seem to be bearish at the moment, we don't have a lot of conviction. The current price of USDJPY is 111.09. We will find resistance from levels from above including: 111.84 from highs and lows over the past 14 periods 112.16 from highs and lows over the past 30 periods 113.14 from highs and lows We will find support from levels from below including the following: 109.80 from highs and lows over the past 14 periods 109.25 from highs and lows As for Technical Analysis we have the following. Volatility is much lower than usual, anticipate a breakout soon. The RSI is 50, which suggests that we are in a bear trend, but not oversold. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. USDJPY is under the 50 period SMA, which is currently at 111.18, indicating bearishness. The ADX does not indicate a trend, i.e. we are ranging. We are above the central moving average of the Kovach Reversals Indicator at 111.01, and fairly close to it. If we can gain some momentum, the upper bound of the KRI indicator at 111.87 will provide resistance. Daily scores: Bull Score: 1 Bear Score: 2 Ranging Score: 2 USDJPY intraday seems to be poised for a bull breakout. There is a bull wedge forming on 15 minute candles and the Kovach OBV is strong. We will find resistance from levels from above including the following: 111.54 from highs and lows over the past 14 periods 111.84 from highs and lows over the past 100 periods Levels from below will provide support, including: 110.94 from highs and lows over the past 30 periods 110.70 from highs and lows over the past 100 periods As for Technical Analysis we have the following. Volatility is much higher than usual. We should expect some consolidation at some point. The RSI is 62, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. USDJPY intraday is above the 50 period SMA, indicating a bull trend. Furthermore, We are well above the 100 period SMA, which suggests that we are overbought. Finally, the 50 period SMA is even with the 100 period SMA, indicating longer term ranging. The ADX indicator is bullish. Currently, USDJPY intraday is above the central moving average of the Kovach Reversals Indicator, which sits at about 111.29. However, it is getting closer to the upper bound of this indicator at 111.59, which will provide resistance. Intraday Scores:Bull Score: 6 Bear Score: 0 Ranging Score: 1
Long
by quantguy
BTC/USD LONG Turtle S1 Breakout trigger (28-Aug-18)BTC has smashed through its 20 day high so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOT/USD Short Turtle Trade in the related ideas below. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below. As for this trade: P1 triggered as shown on the chart. P2 & P3 unit order in place. Position Size: 1N per position Stop Loss as shown (this is equal to 2N of P1). Note: If P2 & P3 triggers then the SL will move and I will show this in an update to this trade. Exit: 10 day low as shown. If the exit moves above the SL in subsequent days I will provide in an update to this trade. 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update TradingView more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOT/USD Long (Closed on 11-Jun-18), 2% Loss 2) XRP/USD Short (Closed on 03-July-18), 0.45% Loss 3) ETH/USD Short (Closed on 03-July-18) 1.15% Loss 4) IOT/USD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTC/USD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTC/USD Long (Closed on 03-Aug-18) 0.61% Loss 7) ETH/USD Long (Closed on 31-July-18) 2% Loss 8) XRP/USD Long (17-July-18) 2.11% Loss 9) ETH/USD Short (01-Aug-18) ACTIVE 10) IOT/USD Short (03-Aug-18) 9.28% Gain 11) XRP/USD Short (06-Aug-18) ACTIVE 12) BTC/USD Short (08-Aug-18) 0.36% Gain 13) EUR/USD Short (10-Aug-18) 4.55% Loss 14) IOT/USD Long (28-Aug-18) ACTIVE 15) BTC/USD Long (28-Aug-18) ACTIVE <--- This Trade Overall 2.61% Loss (will be positive overall once trades 9 & 11 close) Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:BTCUSDLong
by HackneyCrypto
BABA Looking BearishThe technical analysis for BABA is somewhat bearish. There isn't a lot of conviction here so be careful when entering a trade. Currently, BABA is trading at $174.61. Levels from above include: 174.79 from gaps 176.20 from gaps 177.00 from gaps 178.16 from volume profile over the past 14 periods 178.90 from volume profile over the past 14 periods 179.53 from volume profile over the past 14 periods 180.38 from volume profile over the past 14 periods 181.95 from gaps 182.38 from volume profile over the past 14 periods 182.90 from gaps We will find support from levels from below including: 174.20 from gaps 173.85 from gaps 172.41 from gaps 172.05 from gaps 171.29 from gaps 170.77 from gaps 169.85 from gaps 165.39 from highs and lows over the past 14 periods As for Technical Analysis we have the following. Volatility is slightly higher than usual, but not to an extreme. An RSI value of 43 suggests that we are in bear mode but not oversold yet. The MACD suggests that we are in a bullish phase but not overbought yet. The 50 period SMA indicates that we are in a bear trend. Furthermore, We are well below the 100 period SMA, which suggests that we are oversold. Finally, the SMA(50) is below the SMA(100), a long term bearish confirmation. The ADX suggests that BABA is ranging. Currently, BABA is well above the lower bound of the Kovach Reversals Indicator, at 169. This should provide support. The central moving average of the KRI will provide resistance at 178, if needed. Bull score: 1, Bear score: 5, Ranging score: 2
NYSE:BABAShort
by quantguy
QQQ to the MoonQQQ is quite bullish. There are many technical indications of strength, but it would be wise to wait for a better price, rather than buying and getting caught in a retracement. The current price of QQQ is $186.41. We will find resistance from levels from above including the following: 187.52 from highs and lows over the past 14 periods We will find support from levels from below including: 185.03 from volume profile over the past 14 periods 184.07 from volume profile over the past 30 periods 183.48 from volume profile 182.68 from volume profile over the past 30 periods 181.69 from volume profile over the past 30 periods 179.45 from volume profile 178.12 from highs and lows over the past 14 periods 177.74 from volume profile over the past 100 periods 177.12 from volume profile over the past 100 periods 175.72 from volume profile over the past 100 periods As for Technical Analysis we have the following. Volatility is much lower than average, so a breakout can be expected. The RSI is 70, suggesting that we are in bull mode, but not overbought just yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. QQQ is substantially above the 50 period SMA, which is at 179. This indicates that QQQ is overbought. Also, QQQ is well above the 100 period SMA, which is 173 at the moment, suggesting that we are overbought. Finally, the SMA(50) is above the SMA(100), a long term bullish confirmation. The ADX indicator suggests a bull trend, at 35. We are getting closer to the upper bound of the Kovach Reversals Indicator at 186. This should provide resistance. The central moving average of the KRI will provide support at 181. bull score: 8 bear score: 0 ranging score: 0
NASDAQ:QQQLong
by quantguy
Stocks Still StrongThe technical analysis for SPY is very strong. We see many indications of a strong bull trend. It would be wise to buy on a dip. The current price of SPY is $290.32. We will find resistance from levels from above including the following: 291.74 from highs and lows over the past 14 periods Levels from below will provide support, including: 289.60 from volume profile over the past 14 periods 288.44 from volume profile over the past 30 periods 286.76 from volume profile over the past 14 periods 285.97 from volume profile over the past 30 periods 283.73 from volume profile over the past 100 periods 283.03 from volume profile 281.28 from volume profile over the past 100 periods 279.88 from volume profile 278.77 from volume profile 278.01 from volume profile over the past 100 periods The technicals for SPY are as follows. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 68, which suggests that we are in a bull trend, but not overbought. The MACD is above the signal line, suggesting the bull phase may continue. SPY is well above the 50 period SMA, which is 281 at the moment, suggesting that we are overbought. Further, SPY is substantially above the 100 period SMA, which is at 276. This indicates that SPY is overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX indicator shows a bull trend. We are above the central moving average of the Kovach Reversals Indicator at 285, but getting closer to the upper bound of this indicator at 291. Watch for resistance at this level. Bull score: 8, bear score: 0, ranging score: 0
AMEX:SPYLong
by quantguy
4
Square is Ripping! But Don't Buy out of FOMO...SQ shows multiple signs of a strong bull trend. Be careful when looking to buy lest you get caught in a retracement. Currently, SQ is trading at $87.88. We will find resistance from levels from above including the following: 89.22 from highs and lows over the past 14 periods We will find support from levels from below including the following: 69.88 from sma 50 68.90 from highs and lows over the past 14 periods 63.21 from highs and lows over the past 30 periods 43.72 from highs and lows over the past 100 periods 38.80 from highs and lows As for Technical Analysis we have the following. Volatility is extremely high. Expect some consolidation soon. The RSI is 79, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is quite a bit above the signal line suggesting that we may have a trend reversal or pull back soon. SQ is above the 50 period SMA by quite a bit, suggesting that we are overbought. Furthermore, We are well above the 100 period SMA, which suggests that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX is at 70, which is strongly bullish. We are above the central moving average of the Kovach Reversals Indicator at 74, but getting closer to the upper bound of this indicator at 85. Watch for resistance at this level. bull score: 11, bear score: 0, ranging score: 0
NYSE:SQLong
by quantguy
Exxon Mobile RangingXOM appears to be ranging, based on the analysis. Be careful trading either long or short, so you don't get caught in a breakout. At the time of this writing, XOM was trading at $80.50. We will find resistance from levels from above including the following: 80.87 from gaps 81.04 from highs and lows over the past 100 periods We will find support from levels from below including: 80.35 from highs and lows over the past 30 periods 80.12 from highs and lows over the past 100 periods The technicals for XOM are as follows. Volatility is slightly higher than usual. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is below the signal line, but not to an extreme. This suggests we are in a bear phase with room to go. XOM is above the 50 period SMA, which is currently at 80, indicating bullishness. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, 2 suggests that XOM is ranging. We are below the central moving average of the Kovach Reversals Indicator at 81, and fairly close to it. If we lose momentum, we'll have support from the lower bound of the KRI at 80. bull score: 2, bear score: 2, ranging score: 3
NYSE:XOM
by quantguy
Bitcoin Still RangingBitcoin seems to be in a ranging phase. Be careful when entering a position in either direction, though you may consider mean reversion. bitcoin is trading at $7047.16, at the moment. Levels from above include: 7113.30 from highs and lows over the past 14 periods 8235.50 from highs and lows over the past 30 periods 8557.52 from highs and lows over the past 100 periods 9964.50 from highs and lows We will find support from levels from below including the following: 7028.57 from volume profile over the past 14 periods 7010.73 from volume profile over the past 14 periods 6966.14 from volume profile over the past 14 periods 6885.87 from volume profile over the past 14 periods 6836.82 from volume profile over the past 14 periods 6778.85 from volume profile over the past 14 periods 6221.42 from highs and lows over the past 14 periods 5971.05 from highs and lows over the past 30 periods 5826.41 from highs and lows over the past 100 periods Technical analysis for bitcoin is as follows. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 58, which suggests that we are in a bull trend, but not overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. bitcoin is above the 50 period SMA, indicating a bull trend. Also, bitcoin is above the 100 period SMA, which is currently at 6939, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, at a value of 28 conveys a modest bull trend. We are getting closer to the upper bound of the Kovach Reversals Indicator at 7043. This should provide resistance. The central moving average of the KRI will provide support at 6522.
BITSTAMP:BTCUSD
by quantguy
Ethereum Bottoming Out?Ethereum is still in the gutter, but there are some signs of life. At the time of this writing, ethereum was trading at $296.50. Levels from above include: 320.45 from highs and lows over the past 14 periods 386.28 from sma 50 470.36 from highs and lows over the past 30 periods 723.75 from highs and lows over the past 100 periods 835.06 from highs and lows We will find support from levels from below including: 254.65 from highs and lows over the past 14 periods Lets look at some technical analysis for ethereum. Volatility has narrowed considerably, which suggests a breakout may be near. An RSI value of 41 suggests that we are in bear mode but not oversold yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. ethereum is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, which is a longer term confirmation of bearishness. The ADX suggests that ethereum is ranging.
KRAKEN:ETHUSD
by quantguy
Signs of Life for Neo?Neo shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis. neo is trading at $21.26, at the moment. Levels from above include: 21.57 from highs and lows over the past 14 periods 26.75 from sma 50 34.32 from highs and lows over the past 30 periods 65.85 from highs and lows over the past 100 periods 94.76 from highs and lows Levels from above include:: 14.12 from highs and lows over the past 14 periods The technicals for neo are as follows. Volatility is much lower than usual, anticipate a breakout soon. The RSI indicator suggests that we are in a bear trend, but not oversold yet. The MACD suggests that we are in a bullish phase but not overbought yet. neo is below the 50 period SMA, indicating a bear trend. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 12 suggests that neo is ranging.
BINANCE:NEOUSDShort
by quantguy
Bitcoin Slightly Bullish, but Overall Rangingbitcoin seems to be ranging. Bullish and bearish indicators seem somewhat weak at this point. At the time of this writing, bitcoin was trading at $7096.28. Levels from above will provide resistance, including: 7109.56 from volume profile over the past 14 periods 8272.26 from highs and lows over the past 30 periods 8562.41 from highs and lows over the past 100 periods 9964.50 from highs and lows Levels from above include:: 6962.89 from sma 50 6887.55 from volume profile over the past 14 periods 6864.78 from volume profile over the past 14 periods 6807.85 from volume profile over the past 14 periods 6779.39 from volume profile over the past 14 periods 6756.62 from volume profile over the past 14 periods 6711.08 from volume profile over the past 14 periods 5971.05 from highs and lows over the past 14 periods 5826.41 from highs and lows over the past 100 periods Lets look at some technical analysis for bitcoin. Volatility has narrowed considerably, which suggests a breakout may be near. The RSI is 59, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. bitcoin is above the 50 period SMA, which indicates a bull trend, but not overbought yet. Also, bitcoin is above the 100 period SMA, which is currently at 6953, indicating bullishness. Finally, the SMA(50) is roughly equal to the SMA(100), suggesting ranging. The ADX indicator suggests a meager bull trend, at 28.
B
by quantguy
AAPL Extremely Bullish, Don't Buy on FOMO!AAPL shows multiple signs of a strong bull trend. Be careful when looking to buy lest you get caught in a retracement. At the time of this writing, AAPL was trading at $222.98. We will find resistance from levels from above including: 222.99 from volume profile over the past 14 periods 223.49 from highs and lows over the past 14 periods We will find support from levels from below including the following: 222.48 from volume profile over the past 14 periods 221.89 from volume profile over the past 14 periods 220.55 from volume profile over the past 14 periods 219.20 from volume profile over the past 14 periods 218.70 from volume profile over the past 14 periods 218.02 from volume profile over the past 14 periods 217.10 from volume profile over the past 14 periods 216.43 from volume profile over the past 14 periods 215.40 from volume profile over the past 30 periods 213.85 from volume profile over the past 30 periods Lets look at some technical analysis for AAPL. Volatility has narrowed a bit, but may continue more before a breakout. The RSI is 81, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. We are well above the 50 period SMA, which suggests that we are overbought. Also, AAPL is above the 100 period SMA by quite a bit, suggesting that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX indicator reads 68, which is indicative of a strong bull trend.
NASDAQ:AAPLLong
by quantguy
5
MU Somewhat BearishMU shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis. At the time of this writing, MU was trading at $51.83. Levels from above will provide resistance, including: 51.98 from volume profile over the past 14 periods 52.09 from volume profile over the past 14 periods 52.36 from gaps 52.80 from gaps 53.21 from gaps 54.17 from gaps 54.58 from gaps 54.83 from gaps 55.48 from gaps 55.64 from gaps We will find support from levels from below including: 51.80 from volume profile over the past 14 periods 51.51 from volume profile over the past 14 periods 51.33 from volume profile over the past 14 periods 51.17 from gaps 51.03 from gaps 50.82 from gaps 50.68 from volume profile over the past 14 periods 50.39 from volume profile over the past 14 periods 50.25 from volume profile over the past 14 periods 50.01 from gaps Lets look at some technical analysis for MU. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. MU is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 7 confirms that MU is ranging, that is, no significant trend is observed.
NASDAQ:MUShort
by quantguy
2
Stocks Looking BullishThe technical analysis for SPY is very strong. We see many indications of a strong bull trend. It would be wise to buy on a dip. Currently, SPY is trading at $291.54. We will find resistance from levels from above including the following: 291.65 from highs and lows over the past 14 periods Levels from belowwill provide support, including: 289.47 from Volume profile over the past 14 periods 288.38 from Volume profile over the past 30 periods 286.77 from Volume profile over the past 14 periods 285.92 from Volume profile over the past 30 periods 282.69 from Volume profile over the past 100 periods 281.54 from Volume profile over the past 100 periods 280.16 from Highs and lows over the past 14 periods 278.71 from Volume profile 277.14 from Volume profile over the past 100 periods 275.93 from Volume profile 274.82 from Volume profile 274.08 from Volume profile 259.05 from Highs and lows over the past 100 periods 254.67 from Highs and lows The technicals for SPY are as follows. Volatility is much lower than average, so a breakout can be expected. The RSI is 73, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, suggesting the bull phase may continue. SPY is well above the 50 period SMA, which is 281 at the moment, suggesting that we are overbought. Also, SPY is above the 100 period SMA by quite a bit, suggesting that we are overbought. Finally, the SMA(50) is above the SMA(100), a long term bullish confirmation. The ADX indicator shows a bull trend.
AMEX:SPYLong
by quantguy
BTCUSD Short Turtle S1 Breakout trigger (08-Aug-18)BTC has broken down again and fallen below its 20 day low so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Turtle Trade in the related ideas below. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below. As for this trade: P1 & P2 triggered as shown on the chart. No other positions are being placed as I don't want to over-leverage given the other ACTIVE trades open (see list below) Position Size: 1N per position Stop Loss as shown (this is equal to 2N of P2). Exit: 10 day high as shown but this will not trigger since the SL is lower. 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss 7) ETHUSD Long (Closed on 31-July-18) 2% Loss 8) XRPUSD Long (17-July-18) 2.11% Loss 9) ETHUSD Short (01-Aug-18) ACTIVE 10) IOTUSD Short (03-Aug-18) ACTIVE 11) XRPUSD Short (06-Aug-18) ACTIVE 12) BTCUSD Short (this trade 08-Aug-18) ACTIVE Overall 7.81% Loss. Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:BTCUSDLong
by HackneyCrypto
EURUSD Short Turtle S1 Breakout trigger (10-Aug-18)The Euro has broken down below it's 90 day low which has triggered a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Turtle Trade in the related ideas below. The only difference with this trade to the others (which are all crypto pairs) is that I am entering on a 90 day high/low and exiting on a 8 day high/low. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below. As for this trade: P1 & P2 triggered as shown on the chart. P3 set but not yet triggered. No other positions are being placed as I don't want to over-leverage given the other ACTIVE trades open (see list below) Position Size: 1N per position Stop Loss as shown (this is equal to 2N of P2). Note that SL will move down for all trades if P3 is initiated. Exit: 8 day high as shown but this will not trigger since the SL is lower. If we stay in the trade that Exit may move below the SL in future. 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss 7) ETHUSD Long (Closed on 31-July-18) 2% Loss 8) XRPUSD Long (17-July-18) 2.11% Loss 9) ETHUSD Short (01-Aug-18) ACTIVE 10) IOTUSD Short (03-Aug-18) ACTIVE 11) XRPUSD Short (06-Aug-18) ACTIVE 12) BTCUSD Short (08-Aug-18) ACTIVE 13) EURUSD Short (this trade 10-Aug-18) ACTIVE Overall 7.81% Loss. Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
Short
by HackneyCrypto