KGC long: end of wave 2Bullish case:
1. End of corrective wave 2
2. Price-RSI Divergence
3. Price-Volume Divergence
4. RSI double bottom
M-oscillator
SPX Short: An update to previous analysisSince my last call for a "long then short", I believed the opportunity to short SPX is here in the sense that the risk-reward is now too favourable on the short side.
Bitcoin - THIS INDICATOR calls the TOP📉Hi Traders, Investors and Speculators of Charts📈
It's always good to refer back to the MACRO trend when watching BTC. From a macro perspective; we're definitely overdue for that proper bull-cycle correction - also important to keep in mind the halving coming up in April.
We can confirm this bias by taking a look at a very specific indicator called the Balance of Power. Historically, on a macro timeframe, this indicator has been great at calling local tops and bottoms.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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VIX explosion is coming Feb 2024 !I've used 3 indicators, namely, MACD, RSI & BB width to show the idea of momentum building up in the background. If VIX spikes that's definitely not a good thing for the markets.
Volatility is a mean reverting animal so its just simple statistics that a big spike is coming.
TIMEFRAME: If vix starts to pop this week, the rally could end 3-4 weeks from now.
Gbpjpy (stochastic rsi + order block )
**Stochastic RSI:**
Stochastic RSI is a momentum oscillator that measures the level of RSI relative to its high-low range over a specific period of time. It is an indicator designed to identify overbought and oversold conditions in a market.
1. **Stochastic RSI Formula:**
\
\
where RSI is the standard Relative Strength Index.
In this context, traders often use values like 14 for the RSI period and 3 for the stochastic period.
**Order Block:**
An order block is a concept from price action trading. It refers to a block of price movement where significant buying or selling activity has occurred, leaving behind a level that is likely to act as support or resistance in the future.
1. **Identifying Order Blocks:**
- Order blocks are often found after strong trending moves.
- Look for areas where the market has slowed down or reversed significantly.
- The order block is typically a consolidation or a small range of price bars.
**Stochastic RSI + Order Block Trading Strategy:**
1. **Trend Identification:**
- Determine the overall trend using other indicators or trend analysis tools.
- This strategy is often more effective in trending markets.
2. **Stochastic RSI Setup:**
- Use the stochastic RSI to identify overbought or oversold conditions.
- Look for potential trade signals when the stochastic RSI is in the extreme regions (e.g., above 80 for overbought, below 20 for oversold).
3. **Confirmation with Order Blocks:**
- Look for order blocks that align with the identified overbought or oversold conditions.
- The order block should act as a support (in oversold conditions) or resistance (in overbought conditions).
4. **Entry and Exit:**
- **Long Entry (Buy):** Consider entering a long position when the stochastic RSI is in oversold territory and supported by an order block. This suggests a potential reversal to the upside.
- **Short Entry (Sell):** Consider entering a short position when the stochastic RSI is in overbought territory and faces resistance from an order block. This suggests a potential reversal to the downside.
5. **Risk Management:**
- Set stop-loss orders to limit potential losses.
- Consider using a risk-reward ratio to ensure the potential profit is worth the risk taken.
6. **Monitoring and Adjustment:**
- Regularly monitor the trade for any signs of reversal or trend continuation.
- Be ready to adjust the strategy based on market conditions.
Remember, no trading strategy is foolproof, and it's essential to practice risk management and adapt strategies to changing market conditions. Additionally, backtesting and simulation can help validate the effectiveness of the strategy before applying it in live trading.
RSI Crossover Strategy + Filtering with 50 EMA + Heikin Ashi :
1. **RSI Crossover Strategy:**
- RSI Length: 24
- RSI Moving Average Length: 150
In a typical RSI crossover strategy, traders often look for signals when the RSI crosses certain thresholds (e.g., 30 for oversold and 70 for overbought). In your case, with a length of 24, you might consider buying when RSI crosses above 50 and selling when it crosses below 50.
2. **Filtering with 50 EMA:**
- Exponential Moving Average (EMA) Length: 50
You are using the 50 EMA as a filter, only taking trades when the candle is above this moving average. This is a common trend-following approach. Buying when the price is above the 50 EMA can be seen as entering trades in the direction of the prevailing trend.
3. **Candlestick Type:**
- Heikin Ashi Candles
Heikin Ashi candles are modified Japanese candles that provide a smoother representation of price trends. They are commonly used to reduce noise and identify trends more easily.
Putting it all together, a potential trade setup could be as follows:
- **Buy Signal:**
- RSI crosses above 50
- Candle is above the 50 EMA
- Heikin Ashi candle confirms the bullish trend
- **Sell Signal:**
- RSI crosses below 50
- Candle is below the 50 EMA
- Heikin Ashi candle confirms the bearish trend
Remember that no trading strategy is guaranteed, and it's essential to backtest and evaluate its performance on historical data before applying it to live trading. Additionally, consider risk management principles to protect your capital. Adjustments may also be needed based on market conditions and your risk tolerance.
50 EMA + Heikin-Ashi + Stochastic Oscillator
**Strategy: 50 EMA + Heikin-Ashi + Stochastic Oscillator**
**Indicators:**
1. **50 EMA (Exponential Moving Average):** It helps identify the overall trend direction.
2. **Heikin-Ashi Candles:** These modified candles provide a smoothed representation of price movements.
3. **Stochastic Oscillator:** It helps identify overbought and oversold conditions.
**Conditions for Long (Buy) Trade:**
1. Price is above the 50 EMA, indicating an uptrend.
2. Heikin-Ashi candles show a series of bullish candles.
3. Stochastic Oscillator is below the oversold level (e.g., 20), indicating potential buying opportunities.
**Conditions for Short (Sell) Trade:**
1. Price is below the 50 EMA, indicating a downtrend.
2. Heikin-Ashi candles show a series of bearish candles.
3. Stochastic Oscillator is above the overbought level (e.g., 80), indicating potential selling opportunities.
**Trade Execution:**
- **Buy Signal:** Enter a long position when all three conditions for a long trade are met.
- **Sell Signal:** Enter a short position when all three conditions for a short trade are met.
**Risk Management:**
- Use stop-loss orders to limit potential losses.
- Consider a risk-reward ratio to ensure that potential profits outweigh potential losses.
**Example:**
1. **Long Trade:**
- Price is above the 50 EMA.
- Heikin-Ashi candles are bullish.
- Stochastic Oscillator is below 20.
- Enter a long trade.
2. **Short Trade:**
- Price is below the 50 EMA.
- Heikin-Ashi candles are bearish.
- Stochastic Oscillator is above 80.
- Enter a short trade.
BABA: When to buy? Here is the TrendCloud Trading Analysis of BABA.
If you are looking to be a buyer and accumulate this stock then here is an edge you can use.
All 3 charts are in a downtrend and momentum is also down. This is very powerful and we can not start buying yet.
Take a look at the demand zone coming up on the daily chart.
We can look for trend reversal patterns on the 15 minute chart inside of the Daily demand zone.
Counter-trend TRXUSDTDISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Kaspa Daily RSI corresponds with previous buying opportunitiesKaspa's daily chart recently made a hammer candle after almost reaching a 0.618 fib retracement, implying a possible reversal. However, is this a time to buy the dip or will this keep going down? Current lows on the daily RSI correspond with previous buying opportunities.
EUR's Retracement: ECB indicated Yield-Seeking on USDWelcome Investors, Dear Esteemed Viewers,
Technicals
Today's the 30 of November, and EUR's uptrend suffered a breaking. Technically, it means the downbreak of the rising dotted purple trendlines. This technically important price action aligned with a bearish cross on RSI and a bearish daily candle. The target price of this bearish setup is about $1.082, and then, I would re-assess the indicators for signs of possible support. In a bearish scenario, the next target could be $1.051.
News
Beyond technicals, the European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors.
In the near future, EUR might follow AI's investor sentiment analytics and the bearish technical setup, but if you actively trade EUR, you might want to commit yourself to continuous research because the landscape can sharply change.
Disclaimer:
It is not an investment advice. This idea is my personal opinion. Do your research.
Kind regards,
Ely
Why I Think AUDUSD May Continue To Sell Hey Rich Friends,
I think AUDUSD has the potential to continue to sell, here is what I am looking at:
- Candles entering and rejecting the supply zone
- Momentum is low but not yet below 0
- STOCH facing down, no longer overbought and the orange line is above the blue line.
Pending orders are recommended. SL will be above a previous high and TP below previous lows. Check the news and be mindful of NFP Week.
- Peace and Profits, Cha
Time to back up the truck and BUYMRNA is far too oversold and beaten down. I've shown past 4 examples of selloffs and the rally that follows.
Expecting a 40%+ rally from CMP over the next 2-3 weeks
The Dollar Shop 💵: Altcoins UNDER 1$Hi Traders, Investors and Speculators of Charts📈📉
I'll be making a series on altcoins that are trading well under 1 dollar. These coins make for great additions to a diversified portfolio AND with such a cheap price, why not get a few. You never know which one will 100x 🤑
CQTUSDT Covalent :
SOLOUSDT Sologenic :
And SYNUSDT Synapse on the front chart:
NOTE that these are accumulation ideas ideally. You can definitely swing trade once they have doubled, but keep a few around for incase one of them x10 or x100.
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COINBASE:SYNUSD BINANCE:SYNUSDT CRYPTO:SOLOUSD POLONIEX:SOLOUSDT KRAKEN:CQTUSD OKX:CQTUSDT
USDJPY Potential Trading OpportunityUSD JPY tapped into the strong resistance and watch the video to understand how to trade it
Bitcoin Might Change Direction to upside todayBitcoin hit 25.3 for the third time. Everytime we touch it we went up.touching 25.3 for fourth time could result in losing the support and going lower
Thanks for all your support.
The Best Forex Strategy I've Used in 3 Years | 4 IndicatorsHey Rich Friends,
Here is my trading strategy in black and white. Nothing more, nothing less. Stop overthinking. Stop overtrading. Stop overleveraging. Focus on finding great setups that meet all confirmations and let the market do the rest.
Indicators:
50 EMA (blue)
200 EMA (purple)
Momentum (turn on price line)
Stochastic (turn on price line)
Bullish confirmations (Up, Above, Over, Higher):
1. Candles above/crossing up 1 or both EMAS
2. MOM is facing up AND/OR above 0.
3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait
Bearish confirmations (Down, Below, Under, Lower):
1. Candles below/crossing down 1 or both EMAS
2. MOM is facing down AND/OR below the dotted 0 line.
3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait.
Setup for Swing tradeHere in this post we have discussed one simple strategy which we can use for swing trading.
Classic momentum divergence indicating end of bull run I have used the MACD indicator to illustrate the dying momentum in the nasdaq. They have been the clear leaders in this bull run from Jan 2023, but that's now come to an end.
Might not want to go long when things are this overbought In this video I've shown how extended the Dow Industrials as well as Dow Transports are. This type of overbought setup has consistently marked tops in the past so I am currently bearish and waiting for a correction to play out over the next 4 weeks.
I am expecting an approx. 10% drop in the markets before going long
Visualizing Stochastic energy for perfect entriesThe stochastic RSI has always been a problem tool for me because of its clunky look erratic lines and the way it seems l....r each other and sometimes it doesn't.
I've always felt like the stochastic RSI had these energy waves built into it that we weren't able to see because if there's an uptrend of the stochastic then there has to be an equal or greater downtrend of energy pushing it in the other direction but what if there isn't more than that energy and what if this is a perfect balance between the two energies.
This would imply that either that there's a divergence of the energy related to how price is closing or there is a pause in the energy because they're balanced between the two and of course that means your price will pause and run flat as well.
In this video I talk about the proper way to use this new indicator and the way you used to use the stochastic RSI.
Using the information as video and the images that I plot out on the screen you'll be able to see when you should do you should enter trades long or short and why you need to know where your support and resistance lines are as well as whether you're breaking above or below your moving averages.
Let this video be a first class tutorial on perfect trades using a stochastic RSI but like all other indicators you cannot use it by itself make sure that you have confluence on your price chart.
PS as always welcome to the coffee shop.
AU BEARISH MOVE EXPLAINEDBreak of structure on the downside. Bearish confirmation. Stoch is facing down, crossed below the 50% line, and the orange line is above the blue line. MOM is facing down.
TP 1 HIT +40 PIPS
TP 2 is PENDING but it might take a while. On to the next trade for me.
