Get started

Commodities

A Renko Strategy for Trading - Part 9This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. Chart setup : (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red Renko Chart Settings Crude Oil (TVC:USOil): renko/traditional/blksize .05/.10/.25 Natural Gas (ngas): renko/traditional/blksize .005/.010/.025 Soybeans/Wheat/Corn (soybnusd/wheatusd/cornusd): can use the ngas setup S&P 500 (spx500usd): renko/traditional/blksize 2.5/5.0/12.5 Euros (EURUSD): renko/traditional/blksize .0005/.0010/.0025
FX:NGASEducation
by mxb1961
SUPPORT AND RESISTANCE A major mistake traders make is to assume that in order to be profitable you need to use so many tools and it's in fact the opposite. Let's start off with basic support resistance. We know the market moves up, down and side ways. But it never moves straight up or down. As it moves up or down it will meet levels of support and resistance. It's important you understand where these levels are on which ever pairs you trade. SUPPORT - you will meet points of support mainly in a downtrend. As pointed out above, you can see there are more points of support than resistance. So remember support will appear below price, below the candlesticks. see it as the floor of the chart. RESISTANCE - You will meet points of resistance mainly in an uptrend, support is the 'roof' it will appear above price. Price meets head on with resistance levels. Previous support/resistance turning into future resistance/support - Previous support can turn into future resistance, this is where price will break through this support in a downtrend and the come back and retest this level ( as shown in the chart above) . This previous support is now resistance. This also applies the other way around. Support and resistance levels are points within the market where price will pivot. There are also levels in the market where price will gain momentum before continuing a move. You always want to plot these levels on the higher time frames as the levels on the higher time frames will hold more significance. i.e. support on the daily time frame will hold a lot significance than support on the 1hr time frame. Hit that follow button for more stuff to come..
Education
by Malika_Analysis
A Renko Strategy for Trading - Part 8This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. www.investopedia.com Chart setup : (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red Renko Chart Settings Crude Oil (TVC:USOil): renko/traditional/blksize .05/.10/.25 Natural Gas (ngas): renko/traditional/blksize .005/.010/.025 Soybeans/Wheat/Corn (soybnusd/wheatusd/cornusd): can use the ngas setup S&P 500 (spx500usd): renko/traditional/blksize 2.5/5.0/12.5 Euros (EURUSD): renko/traditional/blksize .0005/.0010/.0025
FX:NGASEducation
by mxb1961
BTC EDU post - 100 followers THANK YOU!TL;DR - Go back in history from 1928 to today and research A.i. design / Banking / Market psychology cycles / the 1987 crash / - We are living in a butterfly effect wave caused by your world leaders when gold lost the greenback and it was no longer backed by the green anymore. If you are young in the markets you will want to read this. If you are over the age of 30 you most likely understand a lot of this... This is a story I decided to type up for my followers. Thank you very much for being so support even by liking and following. If you are young it is important for you to really read this.... ---------------------------- The year was 1999 and I was just 10 years old. At this time I didn't care much about the markets or money unless I wanted some candy or a new bike. One thing that did catch my attention was the panic and scare of something that was called the "Y2k Bug" where everyone thought all computers were going to reset to 0 and destroy lots of information data and loss of funds throughout accounts in global tech businesses. Luckily for me, I was a kid fascinated by technology and told my parents to not even worry that the problem was going to be resolved and most likely the news was just wanting to scare everyone. Because I was huge into conspiracy as a kid it actually took into my favor....See...I grew up liking conspiracies, aliens, etc etc...and with only less than 500 million people in the world on the internet pre-2000 I had quite an advantage as a child having access to information at my fingertips through my 56k modem. I did whatever any kid addicted to his favorite toys would do and started to learn for over 10 years about the growth of technology and A.i. Back then the dark web existed with less than 1 million people in it....did you know that?? So here is the point of me telling you this...a portion of the public was scared out of the market before it peaked and this made many people think we had just had a price correction once the market started to dump. Well most were wrong and the market kept dumping just like bitcoin did in 2018...the hype of the internet boom was over and real world use had started to take place..the market was slow...it took 4 years to crash 70% and 16 years to bloom golden apple trees for people who DIDNT GIVE UP AND FOLLOWED WHERE THE INTERNET WAS TAKING US INTO THE FUTURE!!!!! I am here to tell you we have just started playing with this technology on a larger scale.....and we are going through a very similar cycle but there are new pieces at play. Those pieces are defined into 3 simple words... Artificial. Intelligent. Design. Do you know that 50% of bitcoin holders today were not in BTC in 2016 or 2017? The majority of people who came into this market have been entering since the mini bubble of 2018. Why do I say mini? Because the Dot com bubble hit over 5-7 Trillion dollars before it truly crashed. Some have claimed as much as 10 Trillion in certain locations of the world. ..What I call bubble in crypto is simply a "test run" of how the people of this world will take to this technology. In 2016 Btc was between 500-800 dollars. If the block chain leaders of today have already got their prosperity and now are recycling price to grow it realistically...we can very well see prices as low as $1,000 because I feel most of the large capital investors who are holding their initial amount they got in with have reset that same amount at around the 1K marker so they break even on the investment that has also paid for itself for a future to grow with. Think about it....Charles Hoskinson (ADA), Vitalik Buterin (ETH), Dan Larimer (EOS), Charlie Lee (LTC), ...ALL OF THEM STARTED NEW PROJECTS TO ADVANCE THE TECHNOLOGY AND MAKE IT BACKWARDS COMPATIBLE WITH BTC!!!! So if all of them own some bitcoin still...are bullish on it...building networks to connect to it...AND developing better protocols AROUND IT LIKE A FKN SOLAR SYSTEM>>!>!>!> WHAT DOES THIS TELL YOU???!?! They have to obey the rules of the leaders of the world and our government on what they decide....so they are placing their chess pieces accordingly so even if bitcoin fails.. the grand architectural design of the new systems will be in harmony on a new system that can simply "snip snip" other networks out if need be. Personally...I don't see it going anywhere near 1,000 again but I do not exclude all options...I see it slowing down a lot and stabilizing with realistic price growth based off real world use-case by the banks, governments, corp leaders, etc etc...and for you conspiracy fans...the shadow government which is where I personally think BTC came from ;) Personally I believe price will hit 1900 - 3300 zone again and we will have 3 falling valleys with a fake out descending triangle just like GOLD looked like when the greenback was no longer supporting it...it dipped below then slowly kept going up and up and never stopped climbing for over 20 years..if bitcoin is like the gold of the internet then you better get it now while supply is cheap because a million dollars today isn't much in the large scheme of things. It will become "heavy" in data...it will be "heavy" in the cost to carry it and pricey to exchange it so it can stay controlled by few with very little common folks being able to have "1 whole bitcoin." It will be like how people chase 1 million dollars today...they might very well be trying to chase 1 full bitcoin in the year 2040.... ARE YOU SEEING WHAT IS HAPPENING?? These block chain leaders are playing it safe...if bitcoin fails to stay around and becomes history..it will be a piece of history worth holding because it was THIS digital asset that started the global change for the next 80 years...a plan that has been set since the stock market crash of 1987...the year I was born...what a time to bust out the baby guns and enter this chaotic world huh?? It takes 10 years to remold technology but its about to re-define the next 80...and you already see how fast technology grows.... The people who lost everything..... their pensions....their homes...their savings.....these people are the ones who have stood up to make a new design "fair" and so the world leaders have heard them because WE stopped giving a shit about their banks and loans and started using their own system against them. When you make millions of peoples lives hell and 90% of them are mentally poor...eventually they will go into survival mode and do whatever it takes to survive. You can't piss off a world of people and expect nothing will happen from the outcome when you suppress them to try and fix your own mess : / (the market crash couldn't be stopped so they have had to try and come up with a new design since then...) I am about to wrap this up and I apologies this is so long but I felt compelled to share after reviewing some old stuff today..... So think about this.... 22% of student loans fall into default...1/5th.. For many, the payments are proving unmanageable. By 2023, nearly 40 percent of borrowers are expected to default on their student loans. Over the past 20 years we had the economy stabbed by a "recession" and even I felt it at age 17 working 2 jobs.... (look at the market cycle crashes from 1982 to now....Funny patterns will begin to show and tell you the story...how ..and why.....) The kids who grew up and graduated between 2000-2007 is the generation who has had to feel the PAIN of our parents struggle to survive an economic turbulence caused by our very own governments of the world because THEY DIDN'T KNOW WHAT TO DO SO THEY PROTECTED THEMSELVES WITH NEW OVER-LAPPING LAWS, NEW LOANS, AND GREEDY WAYS...I don't blame them...I would have protected my family and self as well......I blame the lack of communication between the people and the movers and shakers..I fault the education system for not having the integrity to make it a point to TEACH the importance of money and how it really effects our world in trade and to survive from birth to death....the education system historically was designed to create industrial manufacturing workers...don't believe me...look it up...you will be mind blown how the system went from "teaching to supply workers to grow the world" to "teaching to make people careers and jobs" I am not saying that the education system was developed to make new world order slaves or some crap...I am saying that over the years ..lots of information has been manipulated and left out to teach as a necessity for living life. Money. Education. The way knowledge moves.... All of it is about to change and how it will effect you will be up to you. The 1987 crash not only scared us...but it scared them as well......they knew something had to change when they couldn't control the market from crashing...this is when the white paper of distributed ledger protocols started to come into shape. Yes that is right...there was a protocol design just like bitcoin prior to the age of bitcoin post-2000.. Google it..you will find it... ------------------------------------- Let me take you back some in time and what I learned as a kid and why I am so focused in the world of artificial intelligent design and why this is important to pay attention to not only as a new investment vehicle but as a whole new cycle is in our markets . It will begin starting now and begin transitioning in 2020. Most of us in our middle/young adult years will see how quickly these next 20 years grow and change and Im sure it will make all of us feel very old since some of us got to play with a nintendo and some in this realm and who could be reading this have had the pleasure of playing pac-man on an Atari.... I want you to really think big here. If you were a world leader planning for 100 years of growth for your family legacy and the families of the world for a stable growing world thats in chaos..what would you do??? You would plant the seeds today for your kids tomorrow and you would begin a rough draft of a new era before you started to write the final draft...... If you are 24 years of age or older and reading this you know damn well we have no pension plan for us. You know damn well there is no PLAN for us to retire...we have to make our own plan. I feel as time goes on the middle class is becoming more "spread" apart in order to truly have multiple ladders of wealth to play from...in a sense creating a human liquidity source of workers no matter what the outcome is in life on one side of the world or the other....so we always have a working class and a leading class. If you make the financial road longer...it will take longer for families to generate wealth without innovation...machines are 20% or more of what physical labor used to do...think about that...use your brain or work for pennies will become the next thing. We will always need engineers but you need to see how the job force changes. Some jobs will fall forever and become history and replaced by robots. Some jobs today already are at that point. It will take hundreds of years to become wealthy enough to be a leader of the world in 100 years time...mark my words...this is the only time in our world in our time at our age (if you are around my age) that will be able to have an opportunity to be on the wealthier side of the fence by simply planting your little cryptocurrency seeds across the new designed web 3.0 NOW for this to make sense you need to be taken back to the year 2000.... Take back to the year 2000 The Nasdaq index peaked early March on the 10th of the year 2000 and nearly double over the prior year. Right at the market’s peak, several of the leading high-tech companies, such as Dell and Cisco placed huge sell orders on their stocks, sparking panic selling among investors. Within a few weeks, the stock market lost 10% of its value. As investment capital began to dry up, so did the lifeblood of cash-strapped dotcom companies. Dotcom companies that had reached market capitalization in the hundreds of millions of dollars became worthless within a matter of months. By the end of 2001, a majority of publicly traded dotcom companies folded, and trillions of dollars of investment capital evaporated. Fastforward to today in 2019.... What has the stock market done since 2001 - 2019? What have our fiat currencies turned into? Toilet paper??? They are all becoming weaker and have been printed as such! A NOTE IS ALL YOU HOLD WHEN YOU HOLD PAPER MONEY. YOUR NOTE IS BECOMING WEAKER IN ITS VALUE EVERY PASSING YEAR UNTIL THEY STOP PRINTING MONEY! What has interest rates done? WHY? The housing market? PFFFTTT Dont get me started.... Im 31 years old and I will be damned if I let some old ballsacks in congress try to design my future without me being apart of it or me breathing down their neck through our weapon..... The internet of things....the internet of value... Data is the new oil... will you begin to mine oil today? Or purchase it for retail price later? My best advice for everyone in this realm is to learn your history...truly understand what block chain technology is and DLT...truly compare the protocols and don't just read to forums and reddit posts. DO YOUR DUE DILIGENCE! Your world leaders and these leaders in crypto today are just like the leaders who survived the dot com bubble....... Be patient...be smart...dont chase losses...and invest what makes you HAPPY in life...for that is what truly brings you wealth. As they say..do what you love and the money truly can come abundantly when you realize that money is just a tool....do not let it control your life. Turn it into your bitch and make money work for you. Your opportunity is here...take it with a grain of salt and make yourself valuable in many avenues in life..not just crypto portfolio value...build value through multiple avenues. Keep the faucets dripping and you will always have a supply of money to go to. Supply the demand. Thats it for now. Way too long as it is! If you read this thank you for reading my story...please tell me your thoughts as I wrote this pretty scatter brained and jumped around a bit but I tried to hit some topics that are related to why our financial economy is in rambles right now..I will make a video in the future with a very good explanation of this. Overall you can find plenty of topics on the internet about the things I have said here. DYOR and you will be surprised what you will find if you keep digging deep enough....
BITSTAMP:BTCUSDEducation
by AschraM
Inflation Proxy StablizingDoubleLine's Jeff Gundlach often refers to the copper/gold ratio as a proxy for U.S. yields. Although this is comprised of two commodities that tend to do well in rising inflation, it can be seen as a growth proxy as well, which in turn filters into where yields are moving. Market participants often allocate to copper when growth is trending higher and, conversely, gold when growth is muted. We currently have a record net-short positioning on copper which could suggest yields may move higher.
TVC:US10YEducation
by TheMacroStrategist
Trading Overbought/Oversold readings on RSIRSI is one of the most widely followed technical indicators out there. The focus of this writeup is on understanding the overbought and oversold readings. I am not delving into the details of calculation and divergences. So what does overbought reading mean? An above-70 reading on the 14-day RSI is widely considered an overbought reading. Many people consider overbought reading as a sign of bearish reversal. That is a so wrong… An above-70 RSI only means the underlying asset’s price has rallied too fast… too soon and the momentum may slow or stall for some time. Also, the price needs to validate the overbought readings, i.e. the above-70 reading on the RSI becomes valid only if signs of buyer exhaustion appear in the form fo candlestick patterns like a hanging man, bearish hammer, bearish engulfing or outside day or simply a candle with a long upper shadow. Also, failure on the part of the bulls to push through a certain level would validate overbought reading on the RSI. A trader should take overbought reading on the RSI seriously if the market is at record highs or at multi-year highs. That said, traders should ignore overbought readings on the RSI as long as the price is showing no signs of buyer exhaustion. In fact, if prices are rising on the back of strong volumes, then I consider an overbought RSI as further evidence of trend strength. Example of reading the overbought reading on RSI Lets say a stock has rallied 10-15% in just few days and now the RSI is holding above 70. First I would check if the price is showing signs of bullish exhaustion. Lets say, there is a doji candle – a sign of buyer exhaustion (indecision after a solid rally). So what we have now is buyer exhaustion on price + an overbought reading on the RSI. In this case, I would exit my longs and check for the following day’s close. It its above the doji candle’s high and on the back of strong volumes, I would ignore RSI and go long. If the close is below doji candle’s low, the RSI gains credence and I go short with stops above the doji candle’s high or as per my risk appetite. On similar lines, oversold readings on the RSI gain credence only when the price is flashing signs of seller exhaustion in the form of doji, long-legged candle or doji candle, bullish engulfing, inverted green hammer, bullish outside reversal or repeated defense of a specific level. I hope this write up was helpful. Let me know if you want me to make a video or write up in more detail on RSI or other indicators or macros.
TVC:GOLDEducation
by OmiFX8
A Renko Strategy for Trading - Part 7 Refactor/RefinementThis is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red
FX:USOILEducation
by mxb1961
BRACE FOR IMPACT - BIG FLIGHTS TO SAFETYOf course I've been shouting about Gold and Cryptos before. Why? Why?... some people wanna know what's going on. (TURN UP volume on speakers. Microsoft updates caused a problem) I posted on the big de-dollarisation war that was happening in the background months ago. I was also looking at the 'war index' in Lockheed Martin. The smart money has already moved these markets. If you've missed, you're too late. It is a very unstable and uncertain world now. We have wars of various kinds: 1. Trade wars 2. Currency wars. 3. Cyber-wars. 4. And as of Thursday/Friday, America almost went to war with Iran. The dumb money is now long on the DJI. Yeah it might break out of 27000 but that's what the dumb money is gonna do. Last week we saw the German Bund market head into negative yield. This means that investors are willing to put their money in for an initial loss on bonds. Yield curves remain inverted in America. There is trouble ahead. Watch where the real big boys are heading. Get smart. Disclaimer: Nothing here is financial (or other advice). DYOR. This screencast is speculative. No liabilities accepted for your losses. In other words sue yourself if you take a position based on this post and lose your money.
OANDA:XAUUSDEducation
by Captain_Walker
1
A Renko Strategy for Trading - Part 5This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. Chart setup: (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red
FX:USOILEducation
by mxb1961
Trendline , Range & Importance of candle close price.Hello Fellow Traders, Here we would like to talk about Trendlines and how they can be used along with Horizontal support to find great entry points , both for short term scalping and swing trades , We all know about trendlines yet traders don't use it to the full potential which this tool can provide , In this article we will be talking about Trendline above price which defines current range of price action , for our convenience we call them Price Range trendline: Price range trendline can be drawn above or below price and must be pointing UP in when price going up and pointing down when price is going down . But before starting we want you to understand Closing price of candle and its importance while trading with trendlines or Moving averages or with any indicator , In trendline trading 4HR and Daily closes are highly relevant whereas shorter time frame candle close price can just be cause of market noise and we don't give much importance to them. Candle closing price is used to understand if trendline is still valid or has been breached/ invalidated , very important in both trendlines & horizontal support n resistance. Now If you see the chart , you can see trendline supporting upside movement , then we have Range Trendline & Horizontal Support , Near Range Trendline price is mostly overstretched and looking for minor pullback/retracement , knowing price range where there is high probability we can use Limit orders to scalp pips out of pair each time price reaches our Range trendline and till 4hr candle doesn't close above Trendline , Success rate of Trading with Range Trendline is high because it doesnot act as resistance but probable price zone where bullish/bearish pressure has reached its peak and need some cool down , Check our trade idea based on same principal in shorter time frame which worked out perfectly well and let us know what do you think. For more info and knowledge about using trendlines.... we are here to help community trade better .. message us.
OANDA:XAUUSDEducation
by AariTech
1