A Renko Strategy for Trading - Part 4This 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
M-oscillator
Cryptos take a little breather...Keep Doing What's Working
Bearish divergence = Higher highs on price, lower highs on indicators - Weak signal in bull markets, but usually happen before a trend change (especially along with a volume spike)
Bullish divergence = Lower lows on price, higher lows on indicators - Strong signal in bull markets; usually followed by continuation of the bullish trend
Nothing works all the time, but when something is working, keep doing it! Can you short the bearish divergences in bull markets profitably? YES, but only VERY QUICKLY. Would I rather ride the train over and over and lose (small) once when the trend finally changes rather than fear that "this could be it" every time we get a pullback and getting left out on the next dip? YES.
Personally, I take a portion of my profits off the table on bearish divergence (on higher time frames) and occasionally short if the odds are good enough (on shorter time frames), but I'm currently long a few cryptos (most heavily Litecoin) and partially sitting in cash until we get bullish divergences on the 4hr or 6hr chart, where I plan to add. Being long as Litecoin holds 100 and Bitcoin continues to put in higher lows MAY be too obvious....but often times the "stupid" money is right (for a while, anyway). Just ask anyone who traded bullish in 2017. Don't get lost in the excitement and break your plan, but if the trade is there, take it!
A Renko Strategy for Trading - Part 3This 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 (MA) 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
A Renko Strategy for Trading - Part 2This 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.
A Renko Strategy for Trading - Part 1This 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.
Weekly update, 11.05.2019. SPX, US30Weekly update on the major US equity markets using the CFD on US30 futures index.
Stay tuned! There should be more to come
Disclaimer:
The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
SPY Trade using my script ExplainerHello, everyone Pho asked for an explainer to using the script. Here is my first quick attempt to describe the script. How it works and what to look out for.
PLease it's still a work in progress.it's doesn't tell you how much of a move the market will make. but it should help in making a better entry and exit decision on your part. Mainly I developed it to help my runners run.
Buy on dips is the sentiment this week for $BTCPrice is dipping lower as expected. We talked about the dip happening on our youtube show, and so far buying interest interest is coming in on dips.
I laid out areas of support on the chart around the Fib level and the area on the RSI. Low trend momentum should keep us inside the trading zone of 3800ish to 4100ish.
Happy trading!
Weekly update, 22.07.2018. SPX, ES1Weekly update on the major US equity markets using the S&P500 E-mini futures index.
Stay tuned! There should be more to come
Disclaimer:
The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
USD/JPY - Heading Down!Hey all
This is the first Market Update for the USD/JPY! Check out the recent "Update + The Way Forward" video for an explanation of what these are and why I'm doing them :)
Suffice to say, the USD/JPY is reaching a critical point that will likely define the market for the coming years. That's the longer-term view, but over the short term I'm expecting a swing back down of 300-400 pips over the next 1-2 months. Check out the video for reasons why. And remember that I won't be providing specific entry and exit points. I'll keep updating this idea as the market develops, but I won't be sharing my trades. Trust me, you're better off learning from this and applying it to your own trading style and strategy - it'll be to your benefit in the long run.
Let me know if you have any comments and feel free to PM me to discuss, well, pretty much anything!
Cheers and good luck,
RJR
An Efficient Strategy Using RSIHi guys, This my first video and I wanted to share with you a simple strategy I use to find opportunities with RSI.
This strategy gives amazing results in scalping and daytrading in order to grab 15 to 25 pips per trades.
Hope you gonna like it. Do not hesitate to like it or give comments.
Weekly update, 20.05.2018. SPX, ES1Weekly update on the major US equity markets using the S&P500 E-mini futures index.
Stay tuned! There should be more to come
Just remember:
The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
Weekly update, 07.04.2018. SPX, NASIntermediate term update this time, using Daily, Weekly and Monthly Timeframes, on the major US equity markets using the Nasdaq E-mini futures index.
Stay tuned! There should be more to come
Just remember:
The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
Intermediate term update, 31.03.2018. SPX, NASIntermediate term update this time, using Daily, Weekly and Monthly Timeframes, on the major US equity markets using the Nasdaq E-mini futures index.
Stay tuned! There should be more to come
Just remember:
The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
TRX/BTC - Consolidation and/or Breakout (20-80%)Hi all
TRX/BTC looks to have established itself in a new consolidation trend after a sustained downward bearish movement. Bulls have definitely re-entered the market and halted the price decline, and we're also sitting at a strong level of support that has been tested multiple times over the last 2 months.
My personal recommendations:
Enter at the 0.00000435 level.
Stop loss at or below 0.00000405 (6-7%)
Look to take initial profits at 0.00000535 level (23%). This could either be in full, or 50% profits.
Then look to see what happens from there. Price will either hit the consolidation resistance area and move back towards the support zone, or it will try and breakout upwards. Re-enter the trade if a breakout is confirmed.
Hope that helps!
Cheers and good luck,
RJR
XVG/ETH - Big Breakout Support & Resistance (2 Hour Chart)
BINANCE:XVGETH BITTREX:XVGBTC BINANCE:XVGBTC
All,
Just doing some double checking on XVG. I know for some it feels like an eternity since it really has any big moves in one direction without diverging back and breaking even. I think here in the next 3-5 Days we might see a 30-40% gain. Video says most of it.
*** REMEMBER SUPPORT AND RESISTANCE LEVELS ARE STRONGER THE HIGHER TIME INTERVAL YOU GO. MEANING 2 HOUR SUPPORT LEVELS WHEN BROKEN ARE NO JOKE***
What to check for:
-RSI / MACD / MAs to align and reverse
Alerts I would set
Lower alert (breaking support): around the 0.0000630 area so if it hits this take a quick glance and see if it broke that green uptrend support.
Medium alert (breakthrough #1): set another alert around 0.000066ish area this will be a breakthrough resistance line. Once it breaks this we could see a big quick run all the way to 0.000068-69 or even bust through that one since it appears to
Important Alert: 0.000070-72 if this alert goes off be ready to place big bets because its already breaking any resistance level it has left until 0.000084ish area.