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BEST ICHIMOKU STRATEGY for QUICK PROFITS Step #1 Wait for the Price to Break and close above the Ichimoku Cloud Ichimoku cloud trading requires for the price to trade above the Cloud because that’s a bullish signal and potentially the beginning of a new up-trend. The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance are not a single line drawn in the sand, but several layers deep. So, when we break above or below the Ichimoku Cloud that signals a deep shift in the market sentiment. Step #2 Wait for the Crossover: The Conversion Line needs to break above the Base Line. The price breakout above the Cloud needs to be followed by the crossover of the Conversion Line above the Base Line. Once these two conditions are fulfilled only then we can look to enter a trade. As you can notice the Ichimoku Cloud indicator is a very complex technical indicator that can be used even as a moving average crossover strategy. Now, we’re going to lay down a very simple entry technique for the Ichimoku Kinko Hyo trading system. Step #3 Buy after the crossover at the opening of the next candle Ideally, any long trades taken using the Ichimoku strategy are taken when the price is trading above the Cloud. Our team at TGS website has adopted a more conservative approach and added an extra factor of confluence before pulling the trigger on a trade. So, after the crossover we buy at the opening of the next candle. Step #4 Place protective stop loss below the breakout candle The ideal location to hide our protective stop loss is below the low of the breakout candle. This trading technique accomplishes two major things. Firstly, it’s minimizing significantly the risk of losing big money and secondly, it helps us trade with the market order flow. Since this is a swing trading strategy we’re looking to capture as much as possible from this presumably new trend and we’ll be looking to trail our stop loss level below the Cloud or exit the position once a new crossover happens in the opposite direction. Step #5 Take Profit when the Conversion Line crosses below the Base Line We only need one simple condition to be satisfied for our take profit strategy. When the conversion line crosses below the base line we want to take profits and exit our trade. Alternatively, you can wait until the price breaks below the Cloud but this means risking to lose some parts of your profits. In order to gain more sometimes you have to be willing to lose some. Note** the above was an example of a BUY trade using the advanced Ichimoku trading strategies. Use the same rules for a SELL trade – but in reverse. In the figure below, you can see an actual SELL trade example.
BITFINEX:BTCUSDLong
by Tradingstrategyguides
8
ZCASH ZECBTC 1H DOUBLE PITCHFORK STRATEGYStep #1: Draw the double Pitchfork channel The first thing that we need to pay close attention is how we select our swing points. We only want to choose significant swings on the Zcash chart. Once you locate the four swings, merely use the Pitchfork indicator to draw the double Pitchfork channel. There is a simple reason why we use two Pitchfork channels. Our team at TSG has discovered that the Pitchfork indicator has limited power in forecasting future price movements. However, by using this simple trading trick to combine two Pitchfork indicators together, we eliminate a lot of the drawbacks that come with this unique technical indicator. Step #2: Wait for Zcash price break above the 1st Pitchfork channel At this stage, if the two pitchfork channels overlap don’t get confused about it. The 2nd pitchfork is darker color. Wait for the Zcash price to break above the 1st pitchfork channel. We want to see a big bold breakout candle that closes above the 1st Pitchfork channel. Step #3: The Zcash price needs to trade below the median line (2nd pitchfork channel) on a closing basis. The median line of the second pitchfork channel needs to hold the upside and provide us with strong resistance. As a general rule, as long as we trade NEAR the median line, we’re good to go even if for a brief period of time we still break above the resistance line. Most of the time, the Zcash price will gravitate towards the median line back and forth, so we need to take that into consideration if we want to trade cryptocurrency strategies successfully. Step #4: Buy at the market or stop order as soon as we break below the 2nd Pitchfork Channel bottom support line. How to buy/sell Zcash is simple. With our entry technique, we sell at the market or stop order when we break below the 2nd Pitchfork Channel bottom support line. The advantage of this cryptocurrency entry strategy is that we sell when the momentum is in our favor. Step #5: Place protective Stop Loss above the 2nd Pitchfork Channel median line One of the most important things in trading is risk management. So, don’t forget to place your protective stop loss in order to minimize the potential losses. After you sold Zcash ZEC, make sure you add your stop loss order above the 2nd Pitchfork channel median line. Step #6: Take Profit when we touch the median line of the 1st Pitchfork Channel or according to your trading plan Our take profit strategy for successful cryptocurrency trading is easy to implement. We don’t want to take premature profits, but we also don’t want to give back our hard earned profits either. In this regard, we take profits when Zcash price reaches again the median line of the 1st Pitchfork channel or according to your trading plan. Note** the above was an example of a SELL trade using the Zcash cryptocurrency trading strategy. Use the same rules for a BUY trade – but in reverse.
Short
by Tradingstrategyguides
1
ENGBTC hidden bullish divergence The price will follow the upped edge line of Ichimoku cloud till it reaches its top where should start consolidation. Indicators are very bullish almost all of them are in buy state, moreover there is hidden bullish divergence on the chart as the price follows «higher lows» pattern while PPO «lower lows». However it is incredibly important to choose entry point. It is a good tactics to buy in parts now or wait till the price hits trend line.
ELong
by Skyrexio
RPXBTC found support and is ready for bounceRed Pulse is an event-driven market intelligence platform covering China's financial markets, providing customers with a context for making informed business decisions. In addition to traditional research methods to help solve the problem of overload, the company uses machine learning The company plans to inroads into Japan soon. The team reports that they want to grow awareness and serve Japan community. The chart look pretty risky but it seems that the price found its support and is ready to bounce to a higher level of trades. Moreover indicators are very bullish: Momentum (10), MA and EMA are in buy state. It is a risky trade but the reward is also high.
RLong
by Skyrexio
USDCAD 4H RANGE TRADESPair has been in a consolidation pattern above the 50 sma. Buy stop @ 1.2918 if prices pushed for a higher high in the up trending pattern Long Take Profit @ 1.2995 Sell Stop @ 1.2795 if price drops below the 50 sma Sell Take Profit @ 1.2730 I will follow the Macd for a stop loss either direction. If Macd crosses either the Red Signal Line or the Zero level line against open trade Or a hard stop of 26 pips above/below the candle that opens your trade
by Tradingstrategyguides
Continuation of Gann Fan Propulsion Strategy Steps 3-4-5Step #3: Apply again the Gann Fan Indicator on the Swing low Prior to the Breakout above 2/1Gann Fan Angle How to use the Gann fan indicator? Simply follow the instruction presented in the above sections. At this point, you can also get rid of the previous Gann fan angles drawn from the swing high. This will make sure your chart will not get cluttered and the price is still visible. One of the reasons why this is the best Gann fan strategy is because we use the Gann fan indicator to track every swing in the market. At this point, your trade is opened, but we still need to determine where to place our protective stop loss and take profit orders, which brings us to the next step of best Gann fan trading strategy Step #4: Place Your Protective Stop Loss below the Most Recent Swing Low Which should align with the point from where you draw the second set of Gann Fan Angles. The best Gann fan strategy has a very clear level where we should place our protective stop loss order which is right below the swing low located prior to the 2/1 Gann angle breakout. Step #5: Take Profit once we Break and Close Below the 2/1 line. We want to ride the new trend for as long as possible and with the help of the Gann fan indicator, we can pinpoint the ideal time to take profits. We take profit at the earliest symptom of market weakness which is a break below the 2/1 line that signals a possible start of a bearish move.
BITFINEX:ETHUSDLong
by Tradingstrategyguides
The pair continues to move in a downtrendHaving formed the "Double top" figure, our pair is directed downwards and is able to stand under the mark of 1.22 at the moment. Prior to this, having found the resistance level near the 1.2235 mark, it steadily rushed down. If we consider this motion from the point of view of the Elliott wave theory, then we can observe the formation of the third wave, which must overcome the levels of 1.2180 and 1.2150. So we recommend taking short positions by setting take-profits near these levels. Otherwise, if the pair fails to consolidate below these levels, we assume the entry of the price into the corridor with the lower limit of 1.2180.
Short
by SuperForex
STELLAR CRYPTOCURRENCY STRATEGYSTELLAR/DOLLAR 4H DOUBLE BAR LOW HIGHER CLOSE PATTERN (DBLHC) What is Stellar Lumens? Stellar is a platform that it’s trying to do very fast payments with very low fees. The key advantage of Stellar is that it has between 3 and 5 seconds confirmation time and it supports thousands of transactions per second. Stellar Lumens price is below the $1 and trading at only a few cents, which makes XLM a top cryptocurrency under $1. Stellar Cryptocurrency Strategy All we need for swing trading cryptocurrency is the Double Bar Low Higher Close pattern also known as the DBLHC pattern. All you need is to look for two bars that have equal lows or near the same price level. The second condition that needs to be satisfied for a valid DBLHC is that the second candle needs to close a lot higher than the first candle (see chart above). Usually, the bar tails are tiny, but the candlestick body is large. Step #1: Find a bullish trend or wait until the market develops a swing low The double bar low higher close can be found at the end of a bearish trend and the start of a new bullish trend acting as a reversal bullish pattern. However, at the same time, the DBLHC is also a continuation pattern that can develop at any stage during a bullish trend. Having a prior trend already established increases the probabilities of the DBLHC pattern to work. The DBLHC can produce the same kind of results even when the market is only in the process of establishing a market swing low. If a DBLHC develops right after a swing low is created that’s the confirmation we need that the institutional money is buying low. Step #2: Wait until the DBLHC chart pattern develops on the Stellar XLM Chart Now that you’re familiarized with the DBLHC pattern, it should come easily to spot this powerful chart pattern on the Stellar chart. The DBLHC pattern has two identical lows and the second candle close is way higher than the high of the first candle. In most of the cases the first candle will be bearish followed by a second bullish candle, but as we can see the Stellar price action is developing a DBLHC were the first candle is also bullish. This doesn’t invalidate the DBLHC chart pattern as in our books; it’s still a very tradeable chart pattern. Step #3: Buy at the market at the opening of the next candle after the DBLHC pattern When to buy Stellar is quite easy. As per the DBLHC pattern rules, we need to enter immediately at the market when the DBLHC has formed. Alternatively, we can place a buy limit order above the high of the second candle. Buying Stellar with our cryptocurrency buy strategy will offer you a high risk to reward ratio. The second advantage you have is that you’re buying Stellar right when the bullish momentum is starting to build up. Technically, this means that the price should never look back, which means that the drawdown should be minimal. Step #4: Place protective Stop Loss below the DBLHC low The DBLHC chart pattern also provides us with a great spot to hide your protective stop loss. Trading without a stop loss is the number one mistake that traders make. Make sure you always trade with a stop loss to protect your account balance. After you bought XLM coin, the protective stop loss can be placed below the DBLHC low. Step #5: Take Profit when we break below the up-sloping trend line that connects the swing low points The first thing we need to do when trading Stellar and you want to cash out some of your profits is to draw an up-sloping trend line starting from the swing low you identified in Step #1 and connect all the swing low points that are part of this new uptrend. As soon as Stellar XLM price breaks and closes below the upward trend line you take profits. This take profit strategy will maximize your trading profits and it will keep you as long as the bullish momentum is strong. Note** the above was an example of a BUY trade using the Stellar cryptocurrency trading strategy. Use the same rules for a SELL trade – but in reverse.
SLong
by Tradingstrategyguides
4