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Moving Averages

BITCOIN might NEVER GO BELOW 8800 EVER AGAIN!What does July monthly candle close means? What will happen for the next couple months heading into 2020? How do you take advantage of this information? Thesis: Consolidation period in August and September. Mark up begins in October, creating the high of 2019, but not breaking above BTC All Time High. Reasons: 1) Key Monthly Level - 9900 (July candle retested that level as support) 2) Monthly Inside bar candle formation (Suggests consolidation before upside) Key levels: 1) 3rd Quarter Open - 10700 2) Monthly Mid Range - 10650 Establishing bias: - If weekly candle closes above the mentioned 2 key levels, consolidation will occur at the top 50% of range. (Extreme bullish) - If weekly candle closes below, consolidation will occur at bottom 50% of range. (Bullish) If you are currently in cash and look to enter the market from the sideline (like me), i will recommend buying BTC at different levels. Key buy zones: 1) 20% - Green Zone - 9800 to 9600 (H4 Pivot - Acted as both support and resistance previously) 2) 45% - Daily Range low - 9350 (Daily Demand zone - Acted as support twice) 3) 25% - Green line - 9050 (Bottom 75% of Monthly Range + Untested 100 Daily Moving Average and Exponential Moving Average + Liquidity pool) * 4) 10% - Mentioned grey box - 8000 (Weekly Demand zone) * - Unlikely and does not show the strength of BTC as Daily candles will close below Key Moving Averages * 5) 100% - Monthly Mid Range - 10650 (Only if weekly bullish criteria is met) *
BITFINEX:BTCUSDLong
by FX20
2
A Renko Strategy for Trading - Part 9This 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 Renko Chart Settings Crude Oil (TVC:USOil): renko/traditional/blksize .05/.10/.25 Natural Gas (ngas): renko/traditional/blksize .005/.010/.025 Soybeans/Wheat/Corn (soybnusd/wheatusd/cornusd): can use the ngas setup S&P 500 (spx500usd): renko/traditional/blksize 2.5/5.0/12.5 Euros (EURUSD): renko/traditional/blksize .0005/.0010/.0025
FX:NGASEducation
by mxb1961
A Renko Strategy for Trading - Part 7 Refactor/RefinementThis 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. (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
FX:USOILEducation
by mxb1961
A Renko Strategy for Trading - Part 6This 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 Part 6 Only use 2 block sizes SxS to trade with. One for placing orders and one to confirm plan Previously I had many different block size charts of the same instrument but I think that causes more confusion the benefit Set interval to 1 minute for all charts and block sizes Potential block sizes to consider or experiment with: Crude Oil: .10/.20 Currencies: .0005/.0010 BTCUSD: 10/20 SPX500: 2.5/5.0 Ags: .005/.010 I use BTCUSD for training purposes along with the TV paper trading capabilities. Recap: Basic analogy is that of an unconscious patient brought into an emergency department and a triage is performed to determine a plan of treatment. In this scenario, price is the patient, the indicators are probes and tests against the patient, and you're the ED physician performing the triage with the treatment plan the trading plan. This is a reactive type of trading plan. Based on observation of price, volume and indicators, a reactive order is placed with a somewhat tight stop Depending on trading style or success rate the exit strategy could be either a target method or trailing stop strategy There are guidelines for adding positions or re-entry based on choice in previous step Basic Strategy: Buying (basic) 12/20 DEMA where 12 crosses up over the 20 and + 1 block (filters) PSAR and price have swapped where price is greater than PSAR Stoch (short term - blue) is or has recently crossed from near 0 up over 20 Stoch (long term - red) is or has recently crossed from near 0 up over 20 TSI (blue) has crossed up over the signal line (red) DMI +DI moving up with -DI dropping. Ideally +DI crossed up over -DI at or soon after DEMA cross
Education
by mxb1961
A Renko Strategy for Trading - Part 5This 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
FX:USOILEducation
by mxb1961