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COG

Gold Update (XAUUSD) reached important Key Zone Gold is currently at a crucial point where it's encountering strong resistance. The key levels to watch On the 4-hour chart. Resistance Levels: Resistance 1: 2071-2074 Resistance 2: 2081-2090 Resistance 3: 2172-2190 On the 4-hour timeframe, the Center of Gravity (COG) is situated between 2042 and 2038. Support Levels: Support 1: 2015-2006 Support 2: 1994-1986 Bias: Bearish Scenario: A bearish stance is recommended if the price remains below 2074-2082, with a target of 2024. Falling below this level would be considered extremely bearish, with a potential target of 1988. Bullish Scenario: A bullish outlook is suggested if the price rises above 2042, targeting 2082. Crossing this level would be considered extremely bullish, with potential targets at 2135-2174.
OANDA:XAUUSDShort
by Gravity-Traders-Academy
HOW TO: Center Of Gravity OscillatorIf I could only have one indicator it would need to be versatile. It would need to able to confirm trends, highlight pivots and reversals but most of all it would need to expose epic entries. Lucky there is such an indicator... The Center of Gravity Oscillator (COG). The COG is yet another masterpiece created by John Ehlers. It is essentially zero lag and enables clear identification of turning points. This indicator is a result of Ehlers research into adaptive filters and was published in an article on page 20 of the May 2002 issue of Stocks and Commodities Magazine. According to the Tradingview docs "The cog (center of gravity) is an indicator based on statistics and the Fibonacci golden ratio." 1. Breakout Trading Breakout trading is one of the most popular trading strategies and rightly so, there is not much better than watching those candles fly to the moon. Trend lines and wedges can be made by connecting 2 or more pivot points (as shown above). When the oscillator crosses the trend line traders can expect “boom” like explosions in price action. Above is an example of a breakout. Below I’ve marked out some breakouts on 1 hr BTC chart. Epic breakouts can be found by drawing a trend line along major pivot points. The major pivots should be easy to spot as they stick out above and below the minor pivots. (As shown below on 1 hour chart.) There are many oscillators that can also pick up breakouts, below are some breakouts marked on the BTC 12 hour chart with my Volatility Oscillator. Smaller breakouts can be found by drawing a fan from major pivot to minor pivots. Ive marked out the most obvious breakouts on the ETH Daily chart below. Along the way I found some LSMA pumps, which leads me to the next strategy… 2. LSMA Breakouts. Least Squares Moving Average is my favourite moving average and I incorporate it in one way or another with most of my scripts. To understand a LSMA breakout have a look at the LSMA 21 line on the chart below. As the candles cross the line it breaks out. The default setting for the LSMA line on my COG indicator is 200. This is a great “zero” line and shows general trend. To catch LSMA breakouts I set the COG length to 6 and LSMA length to 6. The LSMA can also be set to 21 to find breakouts and LSMA Pumps (don’t worry, I’ll get to it soon). Easy to find sweet entries on the BTC 1 hr chart. 3. What is a LSMA pump??? This is when a LSMA line pulls back and crosses another line for just a few bars before recrossing into a boom. Ive marked out a few LSMA pumps on the chart above. I like to use COG set at length of 6 and LSMA set to 21 for trading hourly to daily charts. 4. Trading Reversal Patterns. If you are not familiar with reversal patterns such as double tops, double bottoms or head and shoulders then it would be a good idea to look into it. These are fundamentals of reading charts. The COG is great for trading these patters too. Above shows reversal patterns marked out. 5. Previous High/Low Strategy This is another chart reading fundamental. This strategy can be used to find solid long and short entries. He is an example below using no indicators. This example is a down trend that turns into an up trend. The first entry is a short found when price is unable to beat previous high. The second entry is a long. This is the confirmation of the up trend. Notice how the the low pivot point is higher than previous pivot. Next a short reveals itself again as price is unable to beat previous highs. The next long entry is made as up trend is reconfirmed by a low pivot forming higher than previous low pivot. Lastly another short as price is unable to beat previous high. Now to apply this to the COG… Above shows a nice long and short on the major pivots. The first trade is a long. As the major low pivot is made it does not break previous major pivot low and thus is a great long entry. Price then breaks out and forms a major high pivot point which does not break previous major pivot high making a great short entry. The next example shows trading on continuations of trends. A major Pivot is made. Long entries are found every time the the lows keep getting higher. Often these are LSMA pumps. Above is another example of finding solid entries. Here I have marked the entries on a 1 hour ETH chart using this strategy. It is great for swing trading. 6. Tuning your indicator. Indicator settings should depend on what timeframe and what trades you are looking for. Its always a great idea to play with the settings and get the signals as accurate as possible. COG lengths to try: 3-6, 9-14, 21-27, 50-55, 100, 200. LSMA lengths to try: 2,6,9,11,19,21,25,27,32,50,100,150,200 In the indicator settings there is an option for smoothing. I usually have this turned on. The centre of gravity oscillator is one of the most underrated indicators out. It gives solid signals and Im sure there is plenty more that I have not mentioned here. I am currently working on including all these signals into the indicator so you can set alerts or run bots. So far it looks like a Christmas tree with all those signals and needs work…. If you have any questions or ideas please drop a comment below. I am always keen to talk shop. You can find my COG indicator here: Join me on Bybit! They have the lowest fees and best servers. It’s free to join and we both get $20 if you use my referral link. partner.bybit.com Thanks for the support and happy trading!
BYBIT:BTCUSD.PEducation
by veryfid
42
Potential near future #BITCOIN bearish reasons Even though I had a big bull from $11305 for $BTCUSD, I am no longer a bull. Below are the reasons why: 1/ I use a 14 day MA for volume. The tall structures above the average were mostly bearish red. Even though the recent volumes were less than average, I see more red volumes than green. It tells me this might be a distribution. Ref: 2/ If the price closes like this on monthly, then this would be a very bearish candle. No need for explanation as it can easily be seen. It indicates lot of selling pressure from the top. Ref: 3/ The price never came back to retest the ATH. It tested the yearly low. However, it never retested the ATH. Hence, I expect the price to try the last ATH at least. This makes more sense, correct? Ref: 4/ This is EMA 21. Price respected it almost all the way up. Then price broke below. It retested. Now it is going down. Ref: 5/ I have drawn all the zone below. Currently, the price is traversing a large demand zone. It is testing this zone for such a long time makes me wonder if the zone is getting weaker and weaker. If and when it breaks, I have drawn the zone below where it like will go one after another. Any of those zones can stop the downfall or break for more price drop.Ref: 6/ The daily ichi is no longer bullish. There already is a bearish t&K cross over. The Chiku line has a lot of tall structure (bars) to cross, meaning the probability of this going down is higher. Also, the ichi indicates an e2e meaning price might cross that river of kumo cloud. If so, $20k is nearby. 7/ As we notice, in this weekly chart, that the tenkan of ichi (with settings 10/30/60/30) has touched the price multiple times on the way up. Now we also see the Kijun blue line to be flat. A flat kijun line is a great attractor like a magnet. Off course there is the tenkan in between that can act as s/r. However, the likely chance that it won't help much this time and price goes for the blue kijun which is at 25k. Ref: 8/ It is the fib. As you can see, that price had bounced and tested the area between 50-61.8% fib. It was rejected recently with a wick telling me that the suppliers/bears have very boldly pushed the price. If the structure continues, I would expect 161.8% and then 261.8% if and only if 161.8% breaks. At this fundamental state of the market, 261.8% is highly unlikely. Ref: 9/ It is ATR COG. The price is considered to be overheated when it is over the red dot. It is considered to be a FOMO area when it is over the red line. The price is considered to be oversold when below the green dot. It is considered to be super oversold when below the green line. So, price tends to oscillate between the red dot and green dot. The middle blue line acts as an s/r. Considering above, we can see that price is nicely coming below the red dot. The next place where price likely going is the blue line, then a green dot, then green line. It does not need to go all three. Ref: 10/ Price testing the support so many times is making support weaker and weaker until support likely breaks. This is bearish. 11/ This one is interesting. The parabolic sar is going down while the price is going down is bearish except it has taken a rest over the support. Ref: 12/ The higher high-Higher low structure was intact for a long time, as seen from my zigzag red line with arrows. The higher high-higher low indicates a bullish market. The lower high - lower low line has taken into shape as can be seen from my zigzag green line with arrows. The lower high-lower low indicates a bearish market. Ref: 13/ The fact that Tenkan is predicted to go further down, according to the Predictimoku (a tool to predict the Ichimoku lines), is a near term bearish sign. Ref: 14/ The Super Algorithm indicator has called bearish on 1day timeframe . The day has not closed yet. Hence, I will wait for day close before considering this point. Also, I will be waiting for 2day timframe bearish signal and the close before adding ok size short. Ref: 15/ And CME Gaps as highlighted Ref: I wait for 1day bar close first before opening a trade.
BYBIT:BTCUSD.PShort
by Joy_Bangla
4
Buying long Cabot Oil & GasI've been watching this natural gas producer as it's one of the most productive gas producers with one of the best balance sheets out there in a highly beaten up industry. Their valuation is great despite some challenges in the natural gas industry, and they saw a huge selloff after worsened guidance recently. I'm now buying on this weakness. Here is why: Daily Demark 13 exhaustion was just triggered. These have a wonderful history of timing reversals. Oversold on RSI all time spans Oversold on bollinger band moves Just hit the very long term lower trendline that has existed since before the GFC. It promptly touched and reversed, showing that the market recognizes this as resistance. At the bare minimum, we're likely to see a reversal within the next few weeks, possibly after retesting the trend or consolidating around it. Combine that with very low valuations, an a product (natural gas) that isn't quite as economically cyclical heading into a potentially recessionary environment, and I really like the outlook here.
NYSE:CTRALong
by GTStockmaster