Trading-strategy
SUNTV1!27-11
Daily chart of SUNTV1!
A clear breakdown of the manual bullish trend and 200 EMA.
Candles close to the support at 486.00 followed by a support at 475.
RSI shows signs of a bullish reversal.
Can buy when candles breach 200 EMA with strength or can go short if the support at 475 is broken with strength.
GBPUSD bull continuation From HSBC this morning:
The UK PMIs were both unchanged from their October levels in November, with manufacturing at 46.2
(consensus: 45.8), and services at 48.8 (consensus: 48.0).
This marked the fourth consecutive month in which the composite PMI (48.3) was below 50, indicating a contraction in private sector activity, with the surveyors reporting that “squeezed client budgets continued to hit demand in both the manufacturing and service sectors”.
In manufacturing, some indices, like output and new orders, ticked up, but remained well below 50. But the pace of job losses accelerated (chart 1) and the new export orders index dropped to its lowest since May 2020. According to S&P Global, “many survey respondents commented on Brexit-related constraints on export demand in November, in addition to the unfavorable global economic backdrop”.
Not all bad news
It was not all bad news: supply chain indicators for manufacturers continued to improve, and survey respondents said that fewer issues on this front had helped to lift production volumes in November.
Meanwhile, services business confidence rose a little, as fewer respondents cited domestic political uncertainty as a concern. Remarkably, the service sector continues to be in hiring mode, albeit with the employment index falling to a 21-month low.
The price indices continue to tell a broadly disinflationary story, though the services input price index rose again, after five months of declines.
Implications
The best we can say here is that these numbers are a little better than expected (though not by us: we had looked for a small bounce given the UK’s new-found relative political stability). We have a new PM and a new fiscal plan – and although the latter actually increased borrowing this year and next – and kicked the tough decisions into the long grass (see Back(loaded) to the future, 17 November 2022 – that appears to have been enough for the market for now.
It seems UK businesses are less impressed, though: increased political stability was a factor cited by S&P Global in the slightly improved composite confidence index – but this only rose to its second lowest since May 2020. Indeed, there was little in the Autumn Statement for firms. For them, the freeze on energy prices is set to expire in April, with little support to offset this for those outside the hospitality sector.
This underscores the scale of the challenge facing the new PM, in what should be his honeymoon period.
We think the UK is in recession (as do the Bank of England and the Office for Budget Responsibility) –
• The UK PMIs were unchanged in November, compared with October, with manufacturing at 46.2 (consensus: 45.8) and services at 48.8 (consensus: 48.0)
• Price and supply chain indices continue to tell a tale of broad improvement… but the survey backs up the view shared by ourselves, the BoE, and the OBR that the UK is now in recession and these sub-50 PMIs attest to that. While there is clearly some improvement in the goods price inflation outlook – and we revised down our profile for CPI inflation next year, on the back of the new household energy cap that was announced last week – underlying pressures are still elevated. The rebound in the service input cost index is a reminder that the wage growth piece of the inflation puzzle is far from resolved.
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The price action tells you everything you need to know. The markets used the UK PMI to rally as the US dollar dropped as we get closer to the FOMC reducing their rate hike cycle.
BTC Monday For Crypto WatchersBTC Market is open 24H a week and seven days a week. What does that mean for traders? I need to be on point while trading! More Hours are put into analysis and following Trends. More work and hours following Movements of the market. It is all over the place. Hard to believe one idea, but you can learn and Backtest an idea until you get it correctly.
BTC Volatility will show us a movement if it will likely move to the Bearish or the Bullish side very Soon.
It's great to keep track of these data for future trading Strategies and more illuminated entry and exit points.
Todays #CryptoWhale100Billion Analysis:
I am more bullish due to the resistance at $19100 and a large buyback broken up to $19500-$20000, and we may see it run around up to $20600
For Bearish if it can not break the $20000 line we will see it go back to the $18000
Shoot me a message with your Technical Analysis would like to see what your thoughts are and trading strategies.
Have a wonderful week!
CRAZY FRIDAY (EURUSD NFP HIGHLIGHTS)Signal was clear as day & the news just made the confirmations 1000x more reliable.
SUPER BOLLINGER BANDS (Top Sreen Indicator) - If you have a hard time at looking at the charts and marking everything up for analytical reasons then this indicator is your go-to indicator. Not only does it tell you if the market is overbought or oversold it will also tell you whether it's in an uptrend or a downtrend as well in the same sense showing you where price is level-wise. You'll quickly be able to grasp the market language just by watching this indicator in action as it shows each new signal live.
SUPER STOCHASTIC/TDI (Bottom Screen Indicator) - The main reason you would want to use this indicator is if you have a hard time with finding entries for your position or not be able to notice pull backs if you're that type of Trader this indicator is a mini bird's-eye view of the market.
This indicator is really easy to use for it utilizes the RSI and its levels between oversold and overbought while also utilizing the territory in the Bollinger Bands original strategy. Entry comes when the RSI crosses the red line on the chart and in reverse you could possibly close when the RSI reverse crosses during trade or you could use it in confluence with another indicator to confirm it's entry and exit such as the super Bollinger bands
If you're still struggling with Trading or still blow accounts, or get little if any profits AT ALL from your Trading....
THEN GO CHECK OUT MY "NEW RECRUIT DEAL" DM or COMMENT For access to these indicators
Consolidating $BTC resistance at 32k & support at 20kIf you were to put a computer in place to do trade for you, wouldn't you want it to take simple decision lines over more complicated? Liquidity from hedging shorts along with eager sweating bulls who sold with them to protect their downside risk will be catching the wind up to 32k soon, if buying pressure continues to drive with high volumes into and past the weekend. The downside play is much more familiar; 20k. If only I had cash on hand ... risk reward is so juicy. GL out there and be safe everyone!
$SPX S&P 500 has stayed within Bearish Channel as it falls 3.85%$SPX S&P 500 has been trading within typical bearish channel and almost touched the high near 4100 when it fell again on Wednesday. The index ETF is down by almost 4% amidst heavy selling and probably short term profit booking. Also, as the monthly options expire on Friday, the traders are probably looking for settlement.
How I trade BA This video covers my BA trading strategy.
I get many requests on what my trading style looks like (as a quant trader), so I figured I would show how I trade BA, as this particular strategy is replicable and the tools I use are publicly available (linked below).
NOTE:
This isn't financial advice.
As well, my signal to long BA is always a Z Score of -2.6.
However, my signal to short BA changes based on the market sentiment. Currently, it is -1, however for the most part of 2021 and up until last month it was set at -0.5 to 0. In general, I DO NOT recommend shorting a stock with a Z-Score of -1. It is high risk.
Its important when you are applying any strategy to back-test it first!
As well, this strategy is applicable to other stocks; however, its important to get a feel for how the Z-Score behaves as each stock is unique. For example, TSLA I have seen go as low as a -4 Z Score and as high as a +4.4 Z Score. The parameters I share in this video are my current parameters for BA but are subject to change as the sentiment changes.
Let me know your questions/comments and criticisms below!
Thanks for watching
US100 in a intraday downtrendJust having to be patient and wait for some sort of reversal or decent pullback.
Today is FOMC so I am not expecting anything to happen until after the statement drops
Ascending triangle pattern on IOSTHello everyone,
we can see that IOST have ascending triangle pattern right now, so it could be a good opportunity for shorting. You can try to short only if price crossing down pattern red support line. Make shore that BTC also going down. This is day trading strategy, not for the long term.
Buy ETHBTC: end of TriangleHi guys, I would like to share with you my middle-term view about ETHBTC. I hope it will be useful.
Let’s start from identifying primary trends (a primary trend last for several years).
I’ve recognized 2 primary trends:
Period Duration Start price End price
#1 Jun’17 – Feb’20 32 M 0.160 0.017
#2 Feb’20 – today 21 M 0.017 0.81
PT#1 formed a pattern “bearish wedge”. PT#2 consist of 2 middle trends:
Period Duration Start price End price
#1 Feb’20 – May’21 15 M 0.017 0.082
#2 May’21 – today 7 M 0.082 0.071
The price movements in MT #2 fits into the symmetrical triangle pattern. Here I make an assumption about the type of this pattern (symmetrical triangle).
Key features of a symmetrical triangle:
• it is a continuation pattern
• the exit from the triangle occurs at a distance from ½ to 2/3 of its length
• the breakout or breakdown targets is equal to the distance between the initial high and low
• it consists of 5 waves
Key conclusions:
1. The price will remain inside this pattern until Dec’21.
2. We should expect an exit through the upper border.
3. The breakout target is 0.1
My Trading strategy:
Time horizon : 4 M till Mar’22
Action : Buy @ 0.07
SL : 0.06 (lower border of the triangle)
TP : 0.1
I have 2 questions for you:
Do you agree that this is a symmetrical triangle?
Do you agree with my trading strategy?
Please leave comment with your opinion.
Thnx for reading. I will be glad to discuss it.
MTG Trading Strategy Backtesting Results for ADAUSDHere are my backtesting results for the MTG Strategy. 3 years of price data was tested. With a starting balance of $1000, my final account balance was $529,684.55 after only making 26 trades. My win rate was 61.54%. The maximum drawdown my account ever experienced was 9.75%. Talk about outperforming the market!
Account Starting Value 1000
Ending Account Value 529,684.55
Risk Per Trade in Percent 5
Number of Trades 26
Max Draw Down 9.75%
Wins 16
Losses 9
Consecutive Losses 6
Consecutive Wins 5
Breakeven 0
Winrate 61.54%
Average Win 17.68%
Average Loss -3.57%
Largest Win 52.50%
Largest Loss 5.00%
StockMarket Update (#33) : Toppish Signals Flashing !!Here's your weekly update ! Brought to you each weekend with years of track-record history..
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ESSENTIAL FOREX TRADING CONCEPTS YOU SHOULD KNOWI want to start by talking about something that I frequently see when trading and “how-to” trade is being discussed. The concept of trading having to be simplistic and not too complex, that the simpler your trading is, the better. Having a simplistic approach to trading is not realistic; you must balance trading between simplicity and complexity. There’s a reason why 90-95% of “trying-to-be-traders” never become or will be consistently profitable. Think of it in terms of having data; if you have limited data, your system or edge won’t be effective. Most likely, it will be random. But having too much data and information can be overwhelming and too confusing to do anything with it.
So the question becomes, how do you balance your trading approach between simplicity and complexity? We do this by understanding that trading falls into three categories. And by knowing the components and elements of each category, we can define the way we trade so that our decision-making and observations are guided by objectivity. Basically, a well-formed trading setup consists of these three elements.
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[HK50 Short] 8 June, 2021 - Roger V Trading Ideas08/06/2021
HK50
Entry Resistance level idea:
Range between 30250 to 30800 Resistance
TP Support level idea:
1st aim: 29000
Final aim: 26720
Final SL for all Short positions:
31315 Resistance Level
Comments:
RVTA trading ideas on HK50, looking at the monthly chart, we can see multiple candlestick has formed in a consolidation queue. This shows that in the long term trend, if it get resisted in between 30250 to 30800 resistance level, the main direction for HK50 will go in a bearish trend over at least 3-6 months time from the date 8/6/2021 writing this trading idea.
However, if it was to break the final SL of RVTA trading ideas of 31315 resistance. As per RVTA strategy secrets, it will inversely default look long position for HK50. (Please beware of fake breakouts.)
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
US100 Liquidity Buy The Dip videoJust a quick summary of what I look for and how I trade the "Buy The Dip"
Some key levels on my charts are the overnight limit buy and sell orders, placed in the futures market at the CME. I get these from my LP and their depth of market.
The start of a session is also a key level as that is where the aggressive market orders are placed and we see a rise in volume.
Today is FOMC so I am not expecting much from the market and I'd rather wait for a better opportunity to hold a trending/impulsive move.
Trading Idea - Daimler AGBuy
Entry: 74.50 EUR
Target: 88.00 EUR (+18%)
Stop: 71.00 EUR
1.) active upward trend since March 2020. "The trend is your friend!"
2.) after each consolidation the stock steps up aprox. 15%
3.) correction of the last upturn is finished by testing the "50% Fibonacci Retracement" level
4.) The increased margin outlook (EBIT) for the Mercedes Benz Cars & Vans division is encouraging.
5.) The clear upward cycle at the automaker continues. There is strong momentum in Mercedes Benz passenger cars in particular, but there is also an upward trend in commercial vehicles.
Gold Buys 🚀 - who else is in? 🥇Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren