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XRPUSD 1H HORIZONTAL PRICE CHANNEL PATTERNStep 1 - Find a descending, ascending or horizontal price channel pattern The horizontal Price Channel pattern can be defined by two horizontal lines as opposed to using trendlines . Basically, when we have a consolidation or ranging zone where the price simply bounces on and off between the two lines – support and resistance . Using a Channel trading strategy you can easily identify trade ideas for big profits. Step #2: Wait for a Swing High to fail to reach the top of the Price Channel pattern In the case of an ascending or upward Price Channel pattern the first warning signal that the price will fail to trade within the boundaries set by the Price Channel Pattern presents itself when the last swing high point fails to reach the top of the channel. Only our Price Channel trading strategy makes use of this powerful price reading technique because our team at Trading Strategy Guide has developed the “early signs” of Price Channel breakout. The fail attempt to test again the top of the Price Channel is a sign of price weakness which is confirmed when the price also fails to bounce off the Price Channel bottom and breaks it instead. Note* The more times a swing High fails to reach the top of the Price Channel pattern the better the trade setup Step #3: Wait for the Price Channel breakout and for breakout confirmation One of the worst mistakes traders does when trading Price Channel patterns is that they don’t wait for confirmation signal when the Price Channel breakout happens. You should always wait for breakout confirmation! What do we mean by breakout confirmation? In simple terms, we want the breakout candle to post a close below the Price Channel bottom to confirm the breakout. So we don’t just wait for the Price Channel breakout, but instead, we also want to see the breakout candle closing below the Price Channel pattern. This is a very simple way to avoid many of the false breakout signals. Note* The breakout candle needs to be a big decisive looking candle, but it’s not mandatory Step #4: Sell right at the Breakout Candle Closing Price The Price Channel trading strategy uses a very simple trade entry technique. A sell order is triggered at the breakout candle closing price. The Price Channel breakout technique provides us with an entry signal that you can be confident executing the trade. Step #5: Take Profit 1 at the 50%/78.6% Fibonacci Retracement of the previous trend, Take Profit 2 at the starting point OF Fib Retracement (100% fIB) The Price Channel trading strategy employs multiple entry techniques. Our first potential take profit zone is the 50%/78.6% Fibonacci retracement of the previous trend. What do we mean by the previous trend? The trend that was contained within the Price Channel pattern. So plot the Fibonacci retracement indicator between the high and the low of the price channel or trend.xrpusd 1h hori
BITFINEX:XRPUSDShort
by Tradingstrategyguides
2
EURAUD 4H SHORT TRADESThis pair has been in an uptrend for a long time and still going Trading against the trend is risky If price goes against you close trade early There is price divergence compared to the Macd 1st Short trade Macd has crossed below the red line - bearish pullback bias 1st Sell Stop @ 1.6285 1st Take Profit @ 1.6205 SL above swing high 2nd Short trade Macd should still be below red line and have crossed the red zero line also 2nd Sell Stop @ 1.6125 2nd Take Profit @1.6035 Find appropriate SL
Short
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EURUSD DAY DOUBLE CHOCOLATE TRADESI am using the double bollinger band strategy and the Bitcoin-signal strategy to give us a double chocolate confirmation. Watch where the day closes on the double bollinger band If the day candle closes below the bollinger yellow deviation 1 band then there can be a bearish pullback to the center bollinger 20 ma band. If price falls then it will cross below the atr band sell stop of the bitcoin-signal strategy This trade may go into the beginning of next week
Short
by Tradingstrategyguides
BTCUSD 4H BULLISH BREAKOUT OR BEARISH FAILUREBTCUSD 4H is in a range Price at top of range Range top @ 7156.6 Long Trade Watch for a Bullish breakout Entry long on 15m chart with a break-hook-go pattern Previous high @ 8287 will be Take Profit area Short Trade Range top breakout failed Price fell back into range Range bottom @ 6009.6 Range bottom will be Take Profit area Our pulse system is bullish so all we do now is wait for bullish breakout or bearish failure confirmation This is our Strike Trader Elite Trading Strategy available on Tradingview now. Any questions for us please PM us.
BITFINEX:BTCUSD
by Tradingstrategyguides
GOLD - POWER OF 3 STRATEGYGold 4H reversal The power of three method will enable you to spot when a swing low or a wing high is in the process to develop. Reversal trading can burn your account if you don’t employ the right tools. Understanding when to spot a bottom in the market and this buy/sell trading step-by-step guide is all about. Step #1: Look for a downtrend that has broken a previous swing low We’re trying to make it easier for you, so in order to determine the trend you can simply use the 50 EMA. For trend direction, the 50 EMA is one of the most prolific moving averages. In a bearish trend, the price needs to trade below the 50 EMA. If we want to identify a change in the trend direction, we need to look after market changing factors that hint towards a change in the market sentiment. Usually, the most powerful trend reversal happens near a previous swing low. The more significant the swing low is, the higher the chances are to have a winning trade. From a supply and demand equation, there are lots of things that happen around a major swing low. Often times these pivot points are used for stop loss placement and once they are triggered a reversal can happen. The key thing to keep in mind when trading reversals is that location is everything. Now, we’re going to outline the power of three pattern that can signal a swing low. Step #2: The Power of Three: Look for a candle that has higher lows on the right and on the left The power of three pattern is composed of three candlesticks, where the middle candle has both on the right a and on the left a higher low. When you employ the power of three at an inflection point then trend reversals become not so difficult to anticipate. This is not a very common price action reversal pattern but it’s one of the most powerful chart patterns you’ll ever learn. What happens behind the curtain in terms of the supply and demand balance is represented by the power of three method. It simply shows more demand coming into the market. Note: The breakout of the first candle high doesn’t necessarily have to come with the third candle. It can come with the 4th or the 5th, etc. candle as long as the low of the middle candle doesn’t get violated. Note: the third candle needs to break and close above the high of the first candle for a valid reversal pattern. Step #3: Buy when we break and close above the first candle’s high As we noted before, a swing low is confirmed only once we have a break and a close above the first candle’s high. The power of three is completed when price breaks and closes above the high of the first candle, which is also the ideal place to open a buy position. Step #4: Hide your protective stop loss below the middle candle To protect your trade, you need a stop loss in the market. Your stop loss is just like a friend that is meant to protect you from blowing up your trading account. With our strategy it is not that difficult to define the proper location to hide your stop loss. Simply place your stop loss below the middle candle low. A break below this low will invalidate the whole trade idea so there is no point in trying to force the market any longer. Step #5: Take Profit at the 50% Fibonacci Retracement (or one you choose) of the previous cycle Once a trend reversal is set in motion according to the Dow Theory it has the tendency to find resistance at the 50% Fibonacci retracement of the previous cycle. Simply, plot the Fibonacci retracement tool from the high to the low of the previous bearish trend and set your take profit at the 50% retracement level (or one you choose). Note** the above was an example of a BUY trade using this cryptocurrency reversal strategy. Use the same rules for a SELL trade – but in reverse.
FX_IDC:XAUUSDLong
by Tradingstrategyguides
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