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XRPBTC 1D ORB Nr4 Breakout StrategyStep #1: Wait until you can spot a bar that has its daily range smaller than the previous three days The first rule requires you to have the patience until the Nr4 pattern develops on the chart. When we have a daily trading range that is narrowed than the previous trading ranges it means that the price is contracting. Based on our backtesting results we have found out that there is a high probability of a trend move after you spot this type of contraction. This is kind of a general rule because the markets do move from periods of contractions to periods of expansion. This is the reason why this short-term price pattern is so powerful. Note* The 4th day doesn’t necessarily need to be an inside day, it only needs to have its daily range smaller than the previous 3 days. Step #2: Mark the High and the Low of the 4th day and switch to the 1 hour time frame Our trade is taken the next day after the Nr4 pattern showed up. In order to have a clear view of the short-term price action we need to switch our focus to the 1 hour time frame. Before you switch the time frames make sure you mark on your chart the high and the low of the 4th day. The short-term pattern Nr4 satisfies all the requirements for a valid setup Step #3: How to buy: Buy only if the breakout of the Nr4 high happens during the first 5 trading hours. We use the Opening Range Breakout technique to time the market and have an effective trade entry. The ORB is even more profitable if it occurs after inside days that have a smaller trading range than the previous 3 days. Here is another strategy called simple yet profitable strategy. Our trade doesn’t may not have an inside day, but nevertheless we want to buy only after we break above the Nr4 day high. Also, we want to make sure the breakout happens during the first five trading hours of the next day. Trades based on the ORB – Nr4 pattern will show you a profit instantly. Now, if the trade is not showing you a profit right away than your trade becomes more vulnerable. As a general rule, if after the first trading hour your trade is not in the green, you can safely close the trade at the market. Of course, you can only do that if your stop loss hasn’t been triggered in the meantime. Step #4: Place your protective Stop Loss below the Nr4 day low You can hide your protective stop loss below the Nr4 day low. Alternatively, you can also place your stop loss below the current day low as this will give you a better risk to reward ratio. The ORB - Nr4 pattern tends to precede strong trend day activity, so your stop loss should be rarely hit. Both of these patterns can be traded individually, but when combined they tend to produce even more powerful trades. Step #5: Take profit at the close of the first 1-hour bearish candle Our take profit strategy is fairly easy and it’s slightly modified from the original strategy highlighted in the “Day Trading with Short Term Price Patterns and Opening Range Breakout” book written by Toby Crabel. Even though the ORB pattern tends to lead to trend trading days we’re more conservative and want to quickly take profits. So as soon as the first bearish candle shows up we close the trade and enjoy our daytrade profits. Alternatively, you can keep the trade open until the end of the day if you want to extrapolate more profits from the cryptocurrency market. Note** the above was an example of a BUY trade using our Dogecoin cryptocurrency strategy. Use the same rules for a SELL trade – but in reverse.
by Tradingstrategyguides
DAY TRADING MOMENTUM BURST with WILLIAMS %R INDICATORWilliams Percentage Range Strategy The trading rules for the Williams Percent Range strategy will be outlined in this section. When day trading you need to eradicate all the uncertainty around your decision making process. This is why we have developed the Williams percent range strategy, a based-rule system, that can get you trade from a place of personal power. The benefit of our day trading system is that it can be used with any market in the world. The profit potential is endless. Strategy #2: Day trading Momentum Burst with Williams %R Indicator As an alternative of using the Williams percent r to identify overbought and oversold market readings, we have developed a way to catch those moments of momentum bursts that you can see on your charts every single day. Momentum trading can offer you instant gratification and the Williams %R trading strategy can help you satisfy those financial urges. Let’s get into how momentum trading works using the Williams %R indicator. Step #1: Add Williams %R Indicator to chart Note: Make sure you use a 10 periods for the Williams percent range oscillator. Step #2: Draw a line at the -50 level on the Williams percent R indicator The momentum strategy is developed around the -50 level. For visual representation and to better and faster identify the potential trade signals we add a line at the -50 level. The -50 level is the middle of the Williams percent range oscillator range. When the %R indicator crosses the -50 level, it signals a change in the momentum. We have also changed the oversold and overbought readings to -90 respectively -10. Let’s now define what we need to see before pulling the trigger on a trade. Step #3: Buy once the Oscillator moves from oversold reading and crosses the -50 level There are two conditions that need to be satisfied before confidently buying. First, we need to see the %R oscillator in oversold territory. We consider a market oversold if it shows a reading below the -90 level. Secondly, we need to see the oscillator moving away from oversold territory and cross the -50 level from beneath. This shift in momentum indicates that we can start looking for trade opportunities in the direction the oscillator crossed the -50 level. In our case we’re looking to buy right away once the momentum oscillator breaks above the -50 level. Step #4 & #5: Find your own SL & TP
BITFINEX:XRPUSDLong
by Tradingstrategyguides
10
LOOK FOR CRUDE OIL TO TAKE A SLIDEAscending Triangle Trendline breakout Blue Sup/Res lines found on weekly chart On Day chart find fib lines and triangle Price consolidated sideways at Weekly S/R zone and 61.8% fib Price has curved downward Wait for price to fall to bottom Trendline There price will either bounce up once again or breakout bottom trendline Wait for a candle to close below trendline Wait for volume bars to increase Wait for ATR value to increase Choose your own entry strategy - (poss 15m/30m break-hook-go pattern) Find your own SL
NYMEX:CL1!Short
by Tradingstrategyguides
XRPUSD 1H STE BAR COLOR BULLISH CONTINUATION TRADEPrice had a previous bullish trend Price took a break with a bearish pullback STE Pulse bars showed a dark green color during this pullback STE Pulse bars came to the zwero line which is a decision point for price Price could continue it bearish move Then the STE bars would cross below the zero line and become a bright red color OR Price could bounce off the zero line up Bullish continuation would make the STE bars a bright green color Buy Take Profit would be a re-test of previous high Find your own SL
BITFINEX:XRPUSDLong
by Tradingstrategyguides
ETHUSD 15M SHOOTING STAR CANDLE TRADING STRATEGYShooting Star Candle Strategy The shooting star candle strategy is a very simple but very effective methodology to trade the financial markets. You can trade stocks, Forex, currencies, commodities, futures and even cryptocurrencies across various time frames. The kinds of trade setup we’re going to propose through this reversal trading strategy have an astonishing high rate of success. However, the only downside is that they will only show up on your Forex candlestick chart once in a while. Let’s get started and get our feet wet. Step #1: Attach the Chaikin Money Flow Indicator on your Preferred Time Frame Start first by preparing your charts ready for the battle. Simply attach the Chaikin Money Flow indicator on your favorite time frame. This is the only additional technical tool we’re going to use to confirm the validity of the bearish shooting star pattern. Using the CMF indicator we accomplish one major thing. The validity of the bearish shooting star will be confirmed or invalidate instantly as soon as the bearish inverted hammer develops on our Bitcoin candlestick chart. This means that the price won’t move any further from the ideal entry price. Step #2: The Shooting Star Candle should come after a strong bullish trend The location or in other words, where the shooting star candlestick develops matters a lot. This whole ingredient is what makes the bearish shooting star candle performs with such a high degree of accuracy. We need a strong uptrend that has two important features: The first part of the trend is a slow and steady move to the upside The last part of the uptrend, prior to the shooting star candle, needs to be more volatile. Basically, we’re looking for a full-blown market top where the bulls are exhausted and reach a climax point. Step #3: The CMF indicator must be below the 0 line once the bearish shooting star candle develops The Chaikin Money Flow is a great tool to read and measure institutional accumulation-distribution activity in any market. Basically, a CMF reading below the zero line shows that the sellers have the upper hand and they took control of the market. Notice that the bearish shooting star spotted satisfies all the requirements of a bearish inverted hammer. The shadows are at least two times longer than the body; small body; and very little lower shadow. This candle would have been more powerful if the closing price is below the opening price. But it’s still a good pattern to trade due to all the other features. Now, it’s time to highlight how to find the right entry point for bearish shooting star candlestick. Step #4: Sell once we break the low of the Shooting Star Candle Simply, place a limit sell order below the low of the shooting star. Nothing complicated about our entry strategy. It’s in line with the textbook rule. Step #5: Hide SL above the high of the Shooting Star Candle. Simply hide your protective SL above the high of the shooting star pattern. You can add a buffer of a few pips if you wish to protect against possible false breakouts. The full-blown top creates the necessary space where the bears would find no level of support to stop the drop. The last stage of a trend has been always more volatile. And, when combined with the reversal shooting star pattern, it makes for a killer trading strategy. Step 6 TP when we get inside the slow part of the prevailing trend.
BITFINEX:ETHUSDShort
by Tradingstrategyguides
1
Possible AUD/CHF Short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 4 - 16hrs Actions on - A – Activating Event Market will meet resistance in zone @0.711 - .... and fall to the 0.705. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.705 FX:AUDCHF Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.705 Target 2 @ .... Risk/Reward @ 2.5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
ETHUSD 4H EMA TRADING STRATEGYStep #1: Plot on your chart the 20 and 50 EMA The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA. Most standard trading platform come with default moving average indicators. It should not be a problem to locate the EMA either on your MT4 platform or Tradingview. Step #2: Wait for the EMA crossover and for the price to trade above the 20 and 50 EMA. The second rule of this moving average strategy is the need for the price to trade above both 20 and 50 EMA. Secondly, we need to wait for the EMA crossover, which will add weight to the bullish case. We refer to the EMA crossover for a buy trade when the 50-EMA crosses above the 50-EMA. By looking at the EMA crossover, we create an automatic buy and sell signals. Since the market is prone to false breakouts, we need more evidence than a simple EMA crossover. At this stage, we don’t know if the bullish sentiment is strong enough to push the price further after we buy to make a profit. To avoid the false breakout, we added a new confluence to support our view. This brings us to the next step of the strategy. Step #3: Wait for the zone between 20 and 50 EMA to be tested at least twice, then look for buying opportunities. The conviction behind this moving average strategy relies on multiple factors. After the EMA crossover happened, we need to exercise more patience. We will wait for two successive and successful retests of the zone between the 20 and 50 EMA. The two successful retest of the zone between 20 and 50 EMA gives the market enough time to develop a trend. Never forget that no price is too high to buy in trading. And no price is too low to sell. Note* When we refer to the “zone between 20 and 50EMA,” we actually don’t mean that the price needs to trade in the space between the two moving averages. We just wanted to cover the whole price spectrum between the two EMAs. This is because the price will only briefly touch the shorter moving average (20-EMA). But this is still a successful retest. Now, we still need to define where exactly we are going to buy. This brings us to the next step of the strategy. Step #4: Buy at the market when we retest the zone between 20 and 50 EMA for the third time. If the price successfully retests the zone between 20 and 50 EMA for the third time, we go ahead and buy at the market price. We now have enough evidence that the bullish momentum is strong to continue pushing this market higher. Now, we still need to define where to place our protective stop loss and where to take profits. This brings us to the next step of the strategy. Step #5: Place the protective Stop Los 20 pips below the 50 EMA After the EMA crossover happened, and after we had two successive retests, we know the trend is up. As long as we trade above both exponential moving averages the trend remains intact. In this regard, we place our protective stop loss 20 pips below the 50 EMA. We added a buffer of 20 pips because we understand we’re not living in a perfect world. The market is prone to do false breakouts. The last part of our EMA strategy is the exit strategy. It is based again on the exponential moving average. Step #6: You decide or Take Profit once we break and close below the 50-EMA In this particular case, we don't use the same exit technique as our entry technique, which was based on the EMA crossover. If we waited for the EMA crossover to happen on the other side, we would have given back some of the potential profits. We need to consider the fact that the exponential moving averages are a lagging indicator. The exponential moving average formula used to plot our EMAs allow us to still take profits right at the time the market is about to reverse.
BITFINEX:ETHUSDLong
by Tradingstrategyguides
3
Breaking News!! BTC to the moon, Now surging to $30,000!Breaking News! BTCUSD just made the single biggest move in Cryptocurrency surging to $30,000 in just 1 minute on April 1st, 2019. Traders all around the globe who were hodling their bitcoin knew this day would come. Some say its a miracle, others say its was rigged, while most boasted that this is what their analysis showed. Please spread to the world to all your crypto friend haters! Stay safe today! Team @ Trading Strategy Guides P.S. Do I really need to say it? April Fools all, have a great day ;)
BITFINEX:BTCUSD
by Tradingstrategyguides
11
TRADING BREAKOUTS WITH KELTNER CHANNELTrading Breakouts with Keltner Channel When it comes to breakout trading, Keltner Channel is a very powerful indicator. The keltner channel breakout system works best when volatility rises. However, the Keltner indicator measures not just the volatility, but it can also show anomalies in the price behavior. Since Keltner channel indicator is lagging in nature, we can use a secondary tool like the ADX indicator to give us more confluence. These two indicators can help us catch explosive breakouts. With the ADX we measure the strength of the breakout. Generally, and ADX reading above the 20 level is considered to be the beginning of a bullish/bearish trend. Any reading below 20 signals a period of consolidation. The ADX needs to continue to rise to suggest that the trend is strong. When the Keltner Channel is used in combination with the ADX indicator, you can trade breakouts with objectivity. Trigger conditions for buying breakouts: Keltner Channel bands need to turn flat. Price need to break above the upper band. ADX needs to cross above the 20 level. Follow the above trading rules if you want to avoid most of the false breakouts.
Education
by Tradingstrategyguides
1