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GBPAUD 1H BIG 3 BULLISH REVERSAL TRADEPair has been in a long term bearish trend Market is ready for a bullish pullback but timing will be the issue Pair in a triangle chart pattern Long Trade Since timing is the issue wait for your buy stops to hit 1st Buy Stop - 1.7765 2nd Buy Stop - 1.7805 3rd Buy Stop - 1.7875 Take Profit Option 1 - Close all trades @ 1.7922 Option 2 - Close 1/2 profit just before 2nd Buy Stop and then enter again with 2nd Buy Stop Close 1/2 profit of 2nd trade just before 3rd Buy Stop and then enter again with 3rd Buy Stop Short Trade Enter short trade with a 15m break-hook-go chart pattern 1st Take Profit @ 1.7639 2nd Take Profit @ 1.7600
by Tradingstrategyguides
ETHEREUM CLASSIC CRYPTO REVERSAL STRATEGYStep #1: Identify a clear trading range zone followed by a breakout above the resistance level. The principal idea behind the Fakeout – Shakeout reversal pattern is that we’re looking for an area of consolidation or range trading followed by a false breakout that is QUICKLY sold by the institutional money. A trading range is defined by price moving back and forth between clear support and resistance levels. A valid Fakeout only needs enough bullish momentum so we can break above the trading range. Step #2: Identify the starting point of the Fakeout movement. What we’re looking to do next is to just wait for the buy off to fail. The way we’re going to know that this is a false breakout is if the market starts recovering and breaking below the starting point of the buy-off. Simply, mark on the Ethereum Classic chart the bullish candle that started the buy off. It doesn’t necessarily have to be the first bullish candle. What we look for is for the most prominent bullish candle within the upward movement. The critical thing to watch is for the Ethereum Classic price to recover fast and not spend too much time on the upside. Note* The stronger and faster the recovery happens, the stronger the reversal pattern becomes. A legitimate breakout should not retrace so deep. If it does, according to our amazing reversal pattern, it signals that this was a false breakout and a bull trap. The Fakeout – Shakeout reversal pattern satisfies both of our trading conditions which mean that we can move forward and outline what the trigger condition for our Ethereum classic cryptocurrency strategy. Step #3: Place a sell stop order below the candle’s high identified at Step #2 The best entry technique to use when purchasing Ethereum Classic is to closely monitor the charts right when the expected reversal is occurring. You must focus first on identifying the starting point of the fakeout movement. The fakeout movement is designed to fool traders into believing the market will go up when the real intention of the smart money is to really move the market down. This type of fakeouts happens all the time in any market and on all time frames. This entry strategy has only a very small window of opportunity, so you want to make sure you’re ready to pull the trigger when the trade signals show up. We refer to this recovery as the Shakeout phase. The buyers who got caught on the wrong foot and got tricked are about to be taken out, which in turn will fuel more the downside. Step #4: Place your protective Stop Loss above the “Fakeout high” You also need to concentrate on seeing the logical places where to hide your protective stop loss. Trading without a stop loss is a receipt for disaster, so always use an SL. The initial stop loss is placed at the swing high developed during the Fakeout – Shakeout phase. Step #5: Take Profits when the bearish momentum fades away The easiest way to take profits is to wait until the rally starts losing the bearish momentum. The simplest way to gauge when the bearish momentum fades away, is when the price either starts to consolidate again or when big bold bullish candle start to develop on the Ethereum Classic chart. Alternatively, you can trail your stop loss and enjoy the opportunity to potentially make bigger cryptocurrency profits. You have to monitor new swing high points as they are formed and then just trail your protective stop loss above these swing points. Note** the above was an example of a SELL trade using the Ethereum Classic beginner’s guide. Use the same rules for a BUY trade – but in reverse. PM me if you want to read the complete strategy.
BITFINEX:ETCUSD
by Tradingstrategyguides
The fall continuesAs we expected, the price had corrected to 1.20 and then rushed down again. We anticipate the dollar to strengthen further and an overall decline of the pair. At the moment the body of the candle is below the level of 1,1920 and in case of fixation on this level we expect the advance to the level of 1,1860. Technical indicators are also giving confirmation on the sale. Because of that we advise to take short positions and set Take-Profits near the level of 1,1860.
Short
by SuperForex
PIVXBTC 1d and 1HPIVX is a strong coin which demonstrated decent results many times. Our team analyzed it in various timeframes the most useful was 1d and 1h they are shown on the chart. Indicators SMA and Momentum with various oscillators are in bullish state. Combining two charts a Gartley butterfly can be seen. Moreover the latest 3.1.0.2 upgrade should bring PoS, improvements will be activated on or shortly after May 8th. Overall, this is a good trading pair to make profit, you can see the signal, buy zone, stop loss, duration and exact targets in the Premium channel
Long
by Skyrexio
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