Get started

Entrypoint

Dollar index DXY in a pressure areaDXY just entered a pressure area: - 91.80 was a support in first week of January then it was broken: now it can be a resistance level! - 92.25 to 92.57 was a strong resistance in January so it could be a strong resistance level too. Slowstochastic is Overbougth, which is a good confirmation for short. Entry SHORT level: 91.50-91.25 with a confirmation at lower timeframes OR Entry SHORT level: 92.64-92.32 (using a sort of QUASIMODO, look at bull candles of Jan 8th and 9th) with a confirmation at lower timeframes
TVC:DXYShort
by 03.freeman
EURUSD Weakness - Short Position Long TermEURUSD Weekly Chart - Medium to Long Term Bearish Outlook EURUSD is at a 13 month low. It is currently resting at the 50% fibonacci level. Analysis points out that a trend reversal at this stage is not likelyTh and continued declines at or below the 61.8% fibonacci level are expected. However, a short term blip at the current 50% level may occur before continuing the downward trend. The downward trend is expected to continue as the RSI has broken the key support line since previous 13 month low. The RSI looks to continue to fall to the 30 line. The Momentum indicator also highlights the support line which is a crucial test for the pair. If the currency pair breaks through the support line, it is likely that a test of the 100% fib line will occur. Also interesting but not incredibly helpful, is that the pair has outlined a head and shoulders pattern, indicating that decline is likely foreseeable but doesn't provide much guidance to where it will land. At this stage, conservative analysis points to a decline at the 61.8% fib level. This represents around a 240 pip/point profit trade with the take profit just before the 61.8% line. If the pair breaks the 61.8% line, expect a complete re-tracement. This position is a medium to long term position with a time range between 3 to 9 months.
Short
by Dubsta000
1
QTUM/DOLLAR 2H DARVA BOX STRATEGYStep #1: Identify at least two Darvas boxes that are on top of each other The first trading rule is to let the market develop at least two Darvas Boxes. Basically, the two Darvas boxes are showing that the market is starting to move in steps to the downside. So at this point, the market also should be making lower highs followed by lower lows, which is the basic definition of an downtrend. In the real world, you’ll notice that the Darvas boxes don’t perfectly stack on top of each other. You’ll rarely find a series of Darvas boxes where the following box has the bottom perfectly aligned with the top/bottom of the previous box. You will notice that the price range of the second Darvas box can move into the space of the first Darvas box which still qualify for a valid Darvas box. Note* Big candle wicks are ignored when drawing the Darvas box. Use the closing price instead. Step #2: Draw a support line in the middle of the first Darvas box We’ve noted that there is no such thing as perfection when dealing with the price action. And since the Darvas boxes tend to overlap, another characteristic is that in most of the cases the top/bottom of the current box won’t exceed the middle of the previous Darvas box. In this case, we can anticipate that the third Darvas box will develop its top around the middle or bottom of the second Darvas box. Step #3: How to sell QTUM: Sell when we test the middle or bottom of the 2nd Darvas Box We want to buy low and sell high because that’s the rule number one to make consistent profits. We sell QTUM as soon as the middle or bottom of the 2nd Darvas box is tested this will ensure that we sell on a retracement in an already proven downtrend. Step #4: Place your protective Stop Loss above resistance level in the second Darvas Box Our improved cryptocurrency sell strategy comes with the advantage of providing us with a very tight stop loss. We can hide our protective stop loss within or above the second Darvas box. A break above the second Darvas box will invalidate the whole price structure and it’s wise to get out of the trade as soon as possible. Two things can measure the success of a trading strategy. First, how tight the stop loss is and secondly the stop loss placement needs to be logical not just a random price coming out from over-optimization. Step #5: Take profit needs to be 2 or 3 times more than your stop loss Opening a trade is just the beginning; you also need an exit strategy to maximize your profits. It’s often said that it’s more important where you take profits than your entry strategy The professional traders place more weight and attention on the exit strategy because that’s how they make money. Probably, this is one of the oldest trading secrets that smart money doesn’t want you to know. Note** the above was an example of a SELL trade using the Free QTUM cryptocurrency strategy. Use the same rules for a BUY trade – but in reverse.
Q
by Tradingstrategyguides
EURUSD 30M TDI LONG STRATEGYFind TDIGM under indicator search Step #1: Look for the Read Line to break above the Yellow Line The yellow line is regarded as being the most important line of the TDI indicator because it binds together all the other parts and it makes the indicator tradable. Traders also refer to the yellow line as the Market Base line. The yellow line can be used to determine the long-term trend. We need to see an alignment between the long-term trend and the short-term trend in order to successfully scalp the market. When we have positive expectation coming into the market, the red line must be above the green and the yellow line. That’s the first signal that the buyers are stepping into the market. Step #2: Wait for the Green Line to also break above the Yellow Line. The Red Line must not break above the upper blue band. The second required condition for a valid trade signal is to also wait for the green line to break above the yellow line. Once this happens, we have an alignment between the short-term trend and the long-term trend. When an alignment in the trend direction occurs, that’s when we have those explosive scalping opportunities. The catch is that we need the red line to be contained inside the blue Bollinger Bands. When the red line breaks the upper blue band, we know the market is stepping on the gas. This means we have an acceleration in volatility and tells us that the buyers are exhausted. We don’t want that to happen! Step #3: Buy at the closing candle after the Green Line breaks above the Yellow Line When the green line crosses above the yellow line, it tells us that the buyers are buying and the fact that we have positive sentiment. We’re looking to buy in a market with increasing volatility and in a market where both the short-term and the long-term trend align in the same upward direction. When the price and the market sentiment align, and they are sharing the same sort of expectation, then that’s the best time to enter the market. So, we buy at the closing candle after the green line crosses above the yellow line. Step #4: Hide your protective Stop Loss below the respective swing low developed as a result of the red line crossing above the green line. Find on the chart the last time the red line crossed above the green line and located on the price chart the respective swing low developed as a result of this crossover. Now, use this swing low to hide your protective stop loss. Step #5: You choose Take profit or when both the red line and the green line crosses above the 70 level The real reversal signal is given when the green line also joins the red line and touches the 70 level which signals buyer exhaustion again. When this happens, we want to take profits. The expectation is that when we get up to these levels to start looking for market reversal because the market it can’t go any higher. And this is the perfect place to get out of our scalping trade and take profits. Note** the above was an example of a BUY trade using the best traders dynamic index strategy. Use the same rules for a SELL trade – but in reverse.
Long
by Tradingstrategyguides