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How to use the Oscar OscillatorOSCAR Oscillator by GenZai Green line is the Oscar Rough Red line is the Oscar By default based on the 8 last candles and smoothed using RMA Purple line is the Slow Oscar By default based on the 16 last candles and smoothed using WMA HOW TO USE Exit signaling This indicator can be used as an exit indicator when line cross each other. Entry signaling When the green line crosses up, it indicates a long entry When the red line crosses up, it indicates a short entry Overbought/Oversold When the indicator crosses the dashed grey lines it indicates Overbought Oversold Slow Oscar Add-on This is an Add-on to the orignal Oscar indicator Can be hidden if you want the original experience of the Oscar indicator. Can be used as a confirmation indicator by looking at the direction of the slope to verify is your are trending long or trending short. Can be used as a baseline to confirm signals given by Oscar Can be used to tweak your signals and test different settings. Stock or Forex? The program was originally written for stocks, but works equally well with the Forex market. How this indicator is calculated ? This is the formula we use to calculate the Oscar: let A = the highest high of the last eight days (including today) let B = the lowest low of the past eight days (including today) let C = today's closing price let X = yesterday's oscillator figure (Oscar) Today's "rough" oscillator equals (C-B) divided by (A-B) times 100. Next we "smooth" our rough number (let's call it Y) like this: Final oscillator number = ((X divided by 3) times 2), plus (Y divided by 3). SETTINGS: You can choose between different smoothing options: RMA: Moving average used in RSI. It is the Adjusted exponential moving averages (also known as Wilder's exponential moving average) SMA : Simple moving average EMA : Exponential moving average WMA : Weighted moving average The Script can be found here:
Education
by GenZai
6
Bitcoin is not able to Cross 10K this week ? / weekly BTC levelHello Friends , Thank you all for prioritizing My idea. Hit the like button and also follow for new update. .................................................................................................................................................................................... let's check overview of chart : Here we can see some area where trading activity haven't taken place . it is outlined as "Area Zero". we have founded 4 "Area Zero". This channel have 2 Zones, "seller zone'' and " buyer zone". we can Find Magnet Line where the price often touches. we have funded single Magnet line "M 1" . I haven't Find any clue which shows Breakout from downtrend channel. If you are going to short then your target Should Not be Bellow M 1 . ................................................................................................................................................................................. let's have look at daily chart : as per daily chart its clear that price will touch at the support line at 8605 and weekly BTC road can be 9000 as expection. yes this week we are not expecting 10 k level. it's just simple view which I have noticed. You will be notified if you have Liked and followed Thank you...... it's not The End of analysis BE prepared for Trade........................................................................................
BITSTAMP:BTCUSD
by UnknownUnicorn5245909
139
Lets be honest guys. $tsla $spy it was a good run. Especially if you've been long from the lows. more than an 80% rally from the bottom. Tesla will dominate the auto industry as well as the energy sector. But just looking at the new range we find ourselves i can't help but consolidate on these gains. I have exited more than 50% of my position now and might continue to exit. overall not bullish on the stock, and the market anymore. my instinct is always to follow the trend, but nobody went broke taking profits. Thank you guys but im pretty much closing my fiscal year for stocks. Wont be looking for any positions until i see a correction in markets overall. Im comfortable now derisking from tesla and would like to see a new entry point. I have a little exposure left but anymore upside and i will continue to sell. \ Investing is my life now and im so happy to be part of a community that is so generous in offering their insight. Blessed for everyone that comments, likes and views my posts. i appreciate it so much. We are all going to make it if we continue to be constructive and thoughtful in our posts. Ill still be seeking out ideas and if you want to follow me on my youtube channel tagalong where i cover a few more markets like crypto. Thanks guys :) www.youtube.com
NASDAQ:TSLA
by xueq
Journal analysis: Looking at my past gamblesOnly 1 way to get anywhere... Time to look at some trades I posted, going to focus mostly on the exit. Most important part, that's when you make (or lose) money. There are a couple of ideas marked "short/long" on 3D & W charts, these are not trades I took or intended on taking, it's a general bias idea. Maybe I should not tag "long" and "short" so they are more easy to filter... 05 September: CHFJPY Original idea: Outcome: A loser, and didn't miss much. Lots of buying pressure. The reversal area was correctly identified thought. Not much to trail here... 10 September: EURJPY Original idea: Outcome: Kinda repeated what I did on CHFJPY... 12 September: Gold Original idea: Had 11 losers in a row, was aiming for 12. Get ready to get big losing streaks if you go for RR of 5, 10+. Outcome: I am keeping it in the back of my head, but I don't think there is much to learn from that specific trade. More generally there is something to learn, that when the recession is looking close, and there is an uptrend and great news catalysts, and on the weekly/monthly chart we broke out of accumulation and are going up; then buys are a good idea. 12 September: USDCHF Original idea: "Watch me end my losing spree live" Normally I won't post a trade way after I entered and it went my way, but this was ending my lose spree I wanted to... Outcome: Conclusion: Well don't try running winners in choppy markets (if you even can trade them). Nothing much else... 16 September: NatGas Original idea: Outcome: Not sure how to explain that one without swearing. I'll use a little monkey emoji instead. Need to look at Oil: Of course in this case, EMAs cannot be used to trail... It makes no sense... It did not go much higher and went way down. I can't see H4 & H1. Probably would end up a 5R to 10R. There is alot of fear and uncertainty in these events, possible price just has some wild sudden moves in 1 direction. So ye, no opportunity for a very large winner, but still a great 5R in 5 days with what I think are high odds. 18 September: USDMXN Original idea: Outcome: I got kicked out early, as price was retracing alot several times before the rising wedge broke bullish. Only got 1R out... If I waited for 3 or 4 R before trailing my stop I'd catch the move. Was hard to stay in this one I find, but maybe I should risk it, and wait for at least 3-4 R before trailing my stop. Usually I do... 18 September: Dow Jones & Dax Original idea: Uh, another winner, I did not take the shot thought. Hmmm ok great. Had a winner that would have almost entirely paid for my entire losing spree by itself (if I managed it perfectly and also went into the right indice which would not have happened). Bummer. Had alot of winners at around the same time during that period I remember, then back to lose spree ^^. ---- Checking my log I had 15 trades that were trades I lost, missed, broke even, small winners. But mostly losses ;) Going to fast forward or this post will never end. - 1 exception I want to look at thought, from this idea: Lost on GBPCHF, went the other way, then in an update Imentionned I went short GBPJPY Stopped at the top then it went my way, very much. Pretty fun. Also going to skip those recent yen pairs. USDJPY going down of course ahah. CHFJPY and EURJPY, same as on the 5 september. I shorted vertical candles. No waves, just a straight candle. And lost. Again. I want to look at a complicated BitconnectCoin trade a while ago... Shorting Bitcoin is not rewarding. Bears should be buyers too. I don't recommend shorting it honestly, expect when it breaks down vertically, very short term trades. I keep repeating this lol. For 1 year now. No one ever listens so I'll keep repeating it. It moves exponentially... So obvious. Bulls think they have discovered something... So obvious it hurts. What to learn here is (apart from that pennants work wonders), just set a buy order on a predetermined price, and it will get filled by a vertical candle... Have to short on Bitmex as a hedge or (*0) to be flat... Really sucks. Have to be around the PC. (Because bitmex is all in btc not stable currencies). OR use Kraken/etc buuut if you use leverage and your stop gets ignored, go enjoy. Great, by analysing Bitcoin, I have convinced myself once again that it sucked and I didn't like it. Not on my timeframes. 09 October: EURGBP & GBPNZD Original idea: Outcome: No central bank meeting/release all week. Is giving back 1-2 R on most winners to get 20R once in a while worth it? YES! Well has to happen at least 10% of the time... Those 20R are just insane. Arrr I feel like a pirate. Because I found a treasure. Staying in a winner, nothing feels better. You just need 1 big winner and you are so done. On higher timeframes think about the people that bought Bitcoin here and stayed in until perfect exit: Say they're a long term trader. Let's try finding something that makes some sense. Another example: Well in general I have a whole lot of small losers, really tons of those, a few small winners (they are pointless, I need to keep trying to have as little of those as possible they really are pointless), a few ~5R, and the 10-20 or even more R is super rare but the rare time it happens my account takes a huge leap. Worth giving up some on 5Rs to get these huge winners once in a while. 5Rs almost feel as "meh" "they're just small winners that cancel themselves out with the losers".
by MrRenev
FTSE100: NO DEAL BABY The technical side The price has reached the EMA200 daily, key dynamic resistance for the continuation of the trend: an upward break would bring the price directly into the upper area between 7330 and 7520 points; a rejected, however, will return it to test the 6900 points. The result of a " no deal " Brexit   In the last three sessions it seems that this second hypothesis is becoming the most plausible one: the fundamental scenario remains strongly bearish both for the English index and for the pound as for now the exit from the EU with a "No Deal", without agreement between London and Brussels, seems to be the most likely option. This will entail a series of negative consequences both at the bureaucratic and institutional level, but above all at the economic level. Our target! We remain strongly convinced that, if there were no significant changes, the target of the FTSE 100 from now to a month is the support placed at about 6700 points and in the short term will lateralize between 6700 and 6900 points. Join us for further analysis on: Instagram : www.instagram.com Telegram: t.me Facebook Page: www.facebook.com Web: www.bfcminvest.com
OANDA:UK100GBPShort
by BFCMInvest
Bitcoin wipe out.Bitcoin has met resistance at 4959.00 , but it is my unlicensed opinion that was due to limit orders and automated trades. Warren Buffet once called Bitcoin "Rat poison squared," and he is a very wealthy, self made man. He didn't become as he is through ignorance or stupidity. Optimism is a wonderful trait that Bitcoin has hammered down on time and time again. If it is so delicate that a hard fork of it's main derivative , BCH, and an argument between what is essentially two men can tear even the supposed unbreakable support level of 5200 U.S.D. apart, it is TOO delicate to place much hope in right now. Unfortunately the market is too young, too susceptible to biased journalism and panic , and has dipped to a point where it is nearing the pointless to mine point. At 6500 U.S.D. miners were operating at a loss. Unless it's all a tax deduction in China - however their economy works , the incentive to mine is based on the belief that it will repeat it's parabolic rise in late 2017. No miners = failed effort. Will Bitcoin become an antique?? Something to tell stories about to your grandchildren?? Things certainly look bleak at the moment. **opinion** I am not licensed , and write because I enjoy doing so , and because I see the market from a different perspective than the classically educated broker or financial analyst. That said ,Bitcoin is very reminiscent of the .com bubble. Not all crypto - but the highly overvalued one people still call a flagship. XRP is QUICKLY regaining it's losses. The same can not be said for Bitcoin.
BITSTAMP:BTCUSD
by Cryptocautious
2
Long play BAT dailyWe’re in the long for BAT daily since the long setup triggered at trade (1). At (2) we took partial profits (off the 4HR chart signals), and reinforced the position at (3), following the re-entry signal strategy. We’re now at resistance (4) and a weak overextension signal. The red line is where we placed our stop according to the 4HR chart. We have a medium overextension signal at resistance. Looking for the signal to become extreme (red) and for reversal candles following. Let’s see how it plays out.. If you want to try the indicator out, follow us and drop a comment and we’ll get you set up. Like and subscribe if you enjoy our work! Stay calm, and happy trading!
BLong
by DariusZen
Trading Entry and Exit ChecklistsSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Trading Entry and Exit checklists Over the past 18 years of trading, it has been a crucial step in my development to constantly critique myself and my trading strategy. I constantly monitor my performance on a daily, weekly,monthly,quartley and yearly timeframe. Listed below is a small simple example of some of the checklists that i have used in the past prior to entering and exiting a trade. Entry Rules 1. Is the stop loss placed past the strongest support or resistance line? 2. Am i following my trading rules? 3. The risk/reward is acceptable 4. Have i double checked my entry/stop loss and target position? 5. No news announcements that will affect my trade? 6. Bid/ask spread - Is it in normal range for this pair, this session, this time? 7. AM i risking more then my agreed 1%? 8. Correlation - AM i trading against myself with already open trading trades? Exit Rules 1. Has the market behaved as predicted? If so stay on track 2. Has the trade reached the support or resistance line? 3. Has the stop been placed too far away? or to close? 4. Am i exiting to early? 5. If unsure of trade exit immediately? 6. If i was impatient and entered trade exit immediately? 7. Is there an upcoming news event that will affect my trade? 8. Is the trade changing directions? 9. Don't take profits to early!! Are you exiting before your target line? How has yours differed? is it similar?
BITFINEX:BTCUSDEducation
by SMPTrader