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M-oscillator

Possible long on CADJPY next weekWhen a currency breaks outside the channel and then changes color, it signals a reversal in strength/trend. By waiting for this to happen to two currencies during the same candle, an entry signal is created (CAD=red, JPY=white) The current trend has not ended, however. Based on previous data, it looks like it will take 3-4 more candles for the CAD and JPY lines to change color outside the channel, signaling the CADJPY pair to reverse into a bullish direction. I am projecting 3 days of forward ATR against the previous candle's bodys low (I prefer measuring this rather than the high/low wicks), to get a price range of 111.738 to 116.446 over the next week. Based on today's current price, it puts the lower end to 113.189, which is also about 1x ATR from yesterday's open, so it "lines up" in that sense. We'll probably have confirmation to go long around Wednesday of next week! Good luck on your trades Note: Here is the indicator in action for the last 4 months. Over the last 4 months, it would have been accurate 5 out of 6 times (83%), with small wins each time (and possibly one big win), depending on your trade entry and how you manage your trades:
Long
by KyleBaran
Upcoming short/reversal on GBPNZD in the next few daysMy FICO indicator works by making a DXY-like index for each currency, then plotting their rate of change on an oscillator to show relative strength/weakness. When two currencies are on opposite ends and change directions, it is an entry signal. In this case, GBP (dull green, top) and NZD (lime green, bottom) are on opposite sides of the oscillator channel. The directional flip has not happened yet, but it is inevitable. We must wait for this to confirm first, since the current trend still has momentum. I estimate it could take about 3 days for the trend to finish, and over that time, price could visit anywhere in the 2.12556 to 2.16300 level. Once we enter, we'll target about 1080 pips short and let the trend ride in our favor. This can change depending on what the price actually does in the next week and is also based on current values.
Short
by KyleBaran
3
Possible short on EURCHF for next weekI have been working on my own indicator called FICO (FX Index Curve Oscillator). It seems to perform well in backtesting and as a way to engage in forward testing, I am posting this idea. Basically it works by making our own DXY-like index for each currency, then plotting its rate of change. By looking at relative strength and weakness with each one, we can find pairs and direction to trade. Using this indicator, it shows that the EUR is about to flip negative, and the CHF is about to flip positive. Therefore, we want to short EURCHF to be on the right side of both of these tickers. But we're not there quite yet. We need another candle or two for the confirmation to happen (eg we might get another green candle with a large wick) so we don't want to enter yet and risk getting stopped out. If the trade works out exactly as planned (eg entry at 0.97719 and hits 4x ATR level), then this trade would be worth 180 pips. Let's find out next week!
Short
by KyleBaran
4
AUD/JPY the most oversold since the pandemic plungeYou don’t see unwinds of Japanese yen carry trades like we’re seeing right now outside of crisis periods. It doesn’t feel like we’re in a crisis, making me wonder just how long the current bearish move will last? AUD/JPY has been among largest casualties, hammered lower by a combination of China pessimism, large declines on Wall Street and narrowing yield differentials between the United States and Japan. I discussed a short setup in AUD/JPY yesterday, but such has the speed of the unwind been it’s nearly reached the target after falling more than 150 points, extending the decline from the recent peak to over eight big figures. While I think there’s more downside to come, it’s rare for such a liquid FX pair to so sharply in one direction for a sustained period. Even during my time on the desk during the height of the GFC, we saw massive countertrend rallies during what ended up being the largest carry trade unwind on record. As such, when the market provides the signal, I’m positioning for a bounce with the help of long-running uptrend support which is located just 40 pips below where AUD/JPY currently trades. Should it hold, or if the market is unwilling to test it in early Asian trade, buying with a tight stop around 100.60 is one setup, allowing traders to target a push back towards horizontal support at 102.64. To put in context just how oversold AUD/JPY is, on RSI (14), you have to go back to the initial panic at the start of the pandemic to find a similar reading. DS
Long
by FOREXcom
$SQ - Wants to move badly, consolidating hardThis is a confusing one for me. The 1 day chart looks bearish as usual, no great volume, actual down trend on the RSI, macd indifferent, all technical indicators say bear/mid. But, that 4 hour chart, the Trend Meter and stochastics read bullish reversal. Did I just catch this thing before it popped? Check out the 1 day chart divergence channels. It effectively closed out of that range the past 2 days, but B(E)ARELY. Thinking the next few days will be a big indicator if we consolidate for another 1+ weeks or if this thing starts to move it's convergence to bullish.
NYSE:SQLong
by mike-ai-automation
3
Divergence: RSI vs. PriceHey everyone! In my years of trading, I've really come to love Reversal Strategies and my favorite is in the form of a DIVERGENCE! Today, I took some time to put together an Educational Video on: 1) What a Divergence Is? 2) How to Spot them! & 3) How to Trade them! I hope you find this helpful! **Tips - Divergence is never good enough to trade alone, YOU NEED CONFIRMATION! - The longer the Divergence takes, the more reliable it is - Change in Momentum is KEY!
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Education
by Novi_Fibonacci
6
Ross Stores: Pullback Near HighsRoss Stores rallied in the winter. Now, after a period of consolidation, some traders may see potential for further upside. The first pattern on today’s chart is the pair of bullish gaps after the last two earnings reports. The first gap sent the retailer to new highs above its 2021 peak. The second reestablished it above its 50-day simple moving average (SMA). The price jumps could reflect positive fundamentals. The move above the 50-day SMA may suggest the intermediate-term trend has gotten more bullish again. Also notice the latest pullback. Next, ROST made a weekly low of $142.65 on June 11. Last week it tested and held that level. Has new support been established near old highs? Third, higher weekly lows occurred along the 200-day SMA in May. That could suggest its longer-term trend is upward. Last, stochastics have dipped to an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:ROST
by TradeStation
USDCAD - Sell Stop on Break of Previous Higher LowTrade Analysis Currently, there is a bearish divergence and 4-hour resistance indicating a potential trend reversal to bearish. Confirmation of this reversal will be evident if the price breaks the previous HL. As it breaks the HL, it will also break the support levels. Consequently, this support will turn into resistance and will be used as the SL. Trade Plan Entry: 1.37012 Stop Loss (SL): 1.37095 Take Profit 1 (TP1): 1.36929 Take Profit 2 (TP2): 1.36846
Short
by asadamalik
GBP/AUD stretched and nearing known reversal area GBP/AUD is rarely as overbought as it is right now. And when it has been this overbought in the recent past, it’s usually coincided with a near-term top. It’s also fast approaching 1.9500, a level that has been akin to poison for longs throughout 2024. Combined, it has me on alert for a potential topping signal, providing the catalyst to establish shorts with favourable risk-reward. It’s clear the bulls are in control right now. But should we see a topping pattern – be it a bearish pin, tombstone doji or similar – the tale of the recent tape suggests getting short could prove fruitful. But wait for the appropriate signal before doing so. Those considering taking on the trade could place a stop above 1.9570 for protection. Potential targets include 1.93493, the former downtrend just below 1.9300 or 1.9250. DS
Short
by FOREXcom
$SPY July 23, 2024AMEX:SPY July 23, 2024 15 Minutes. The gap up helped AMEX:SPY to achieve 554-555 easily. At the moment gap not filled in 15 minutes. So, this move is good. If we draw extension from 547.9 to 554.46 to 551.03. we have first target as 557 to 561 levels. So, consider the last rise from 551.03 to 555.27 AMEX:SPY need to hold 552 levels to continue the uptrend. As written many times. Daily is still up. No change. To get trades I do 15 minutes. For the fall 565.16 to 547.9 we have 61.8% retracement as 558 levels. So, this also supports 556 557 as initial target. The oscillator divergence played out well during the fall. At the moment i am long from 552 levels.
AMEX:SPYLong
by RiderTrader
$SPY July 22, 2024AMEX:SPY July 22, 2024 15 Minutes. The Oscillator divergence did not sort out between 563 - 565 levels. Now again we have a divergence as AMEX:SPY making LL but oscillator did not make LL. So, a bounce back expected for the fall 559.53 to 547.9. The 61.8% retracement is 555 levels. We could be resisted in this at 552.5 being 50-day average. If we take the last fall from 554.05 to 547.9, we have 551.7 as 61.8% retracement. Hence for the day i expect 551 to 554 move which could give an opportunity to short.
AMEX:SPYShort
by RiderTrader
1
Nice XLM chart.I think that even though Lumens is quite an old asset, it will show itself again. I am starting to work more often with MOTT and I am also starting to experiment with Linear Regression Oscillator . We can see that the reversal signal has been received. The price is confidently contracting above the invalidation level. Let's pay attention to the range between 0.44 and 0.62 The most probable point of movement is somewhere between these two values. I mean ~0.50 average. Of course, the alt season could drive the price much higher, but a reasonable optimum lies between the two levels. Think with your head always.
by averkie_skila
3
Incoming 40% correction on Gold / Silver ratioThe above 12 day chart a 40% increase on the Gold / Silver ratio since early 2021 within a rising channel is shown. A number of reasons now exist to suggest a strong reversal in that trend with an equal 40% correction. They include: 1) Hidden bearish divergence. This occurs as oscillators print higher highs with lower lows in price action. (Black arrows). 2) A rising channel breakout. The breakout in the Gold / Silver ratio is clear to see with a flag extension measuring a further 40% correction. The correction area is by no means the end of the correction. Look left. 3) It is not the first time a hidden bearish divergence has printed on the Gold / Silver ratio. The last flag breakout occurred in October 2010. Price action on Gold saw a 40% correction in the months that followed. Ask yourself, is the current Gold euphoria indicative of a new bull market or the contrarian call for the top? Ww
TVC:GOLD
by without_worries
73
Will StarkNet STRK revive from the dead zone? Hello, Skyrexians! Today we have another one "perspective" crypto to overview. This is BINANCE:STRKUSDT token. Since Binance listing price dropped significantly and continue dropping now. Entire crypto market dump boosted the STRK sell-off. Today we will analyze in details this asset and try to understand will this coin pump or die. It's vital for successful cryptocurrency trading to consider all possible scenarios. Looking at the most of ideas on this asset we can conclude that most of the crypto trading strategies gave the advice to buy this coin when price was above $1.5. Obviously, it's not profitable crypto trading strategies. Even automate crypto trading of most cryptocurrency trading platforms fails to predict the price of this asset because after dumping at 50% it continues dumping, which is not likely according to the most crypto trading algorithm. That's why most of automated trading bots and grid bot faced with losses for this asset. The exception is the ai crypto trading bot which takes into account the Elliott wave, the key feature of successful crypto trading. Today we consider STRK price action using advanced technique. Let's go! STRK dump structure Let's use the 1D time frame to analyze this downtrend. Fortunately, it has the clear Elliott waves structure. Awesome oscillator helps us to find the most impulsive wave 3, this is the min value. After this the price formed the flat or triangle wave 4. If crypto has already significantly drop it tends to form the flat corrections without big retracement to the upside. This is because most of early bulls have been locked in their position and they shall be disappointed before reversal. Now we can see three strong signs of trend reversal. Awesome oscillator crossed zero line after wave 3 bottom reaching, it has printed bullish divergence and the momentum now is upward. In most of cases these are enough to make a decision about the entering trade, but we will make the deep dive further in different indicators.
Long
by Skyrexio
2
Hash rate capitulation in full effectThe hash rate capitulation indicator is showing full-on capitulation of the hash rate spurred by minors needing to pull back on the hash following the halving. The timing for price peaks following HRC flashes have been different, but HRC flashes are generally followed by increased prices (sometimes multiple Xs). I'd say the probability is very high that we will see higher prices in a few months. Note: The trigger on July 6th, 2023 was near a bottom, but we did go sideways and then lower (FTX) for an extended period of time after that.
INDEX:BTCUSDLong
by Da_Prof
1