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Trendfollowing

Here is why I suggest you should use the SUPER TREND!I see the weekend is here. A new week is about to begin, and it's time to get organised, reflect on your progress so far, and learn something new to help you achieve your trading goals., and boost your profitability. Let's be honest, I am someone who normally likes to follow the trends. A lot of the trend following indicators I've encountered along the way in my professional and career growth haven't made sense to me. Moving averages, Average Directional Index, Moving Average Convergence-Divergence, Parabolic SAR etc. I always had a lot concerns with the indicators being able to swiftly follow the price movement, as well as identify a clear reversal of the underlying trend. However, I came through to find this SUPER 'super trend' indicator some while ago, and by testing this and adding it to my intraday trading strategy, I finally see that I could rely on one single indicator to help me identify the trend quickly and more efficiently (never 100% of course it is still not a holy grail!) but the results were good enough for me to write down this post to you guys. What is the Super trend indicator? 'Super trend,' as the name implies, is a trend-following indicator, similar to moving averages and MACD. It is plotted on prices, and the position of the prices reflects the current trend. When we build the Super trend indicator, the default settings are 10 for the ATR and 3 for the multiplier. The average true range (ATR) is important in 'Super trend' since it is used to determine the indicator's value and it indicates the degree of price volatility, which is one reason why this indicator beats Moving averages, which disregards price volatility. Super trend Indicator Formula The super trend indicator computation is illustrated below– Up = (high + low / 2 + multiplier x ATR) Down = (high + low) / 2 – multiplier x ATR Average True Range = / 14 The number 14 represents a period in this context. As a result, the ATR is computed by multiplying the previous ATR by 13. Add the most recent TR and divide it by the time. As a result, ATR is an essential component of the supertrend technical analysis indicator. How to Use Super trend Indicator to Identify Buy and Sell Signals? Super Trend, as a trending indicator, performs well in trending markets (both uptrends and downtrends). When the indicator flips over the closing price, it is easy to identify a buy-sell indication. When the Super Trend closes below the price and the colour turns to green, a buy signal is issued. A sell signal is generated when the Super Trend closes above the price and the colour of the Super Trend changes to red. There is no such thing as a 100 percent accurate technical indicator, and Super Trend is no exception. It also produces erroneous signals in sideways markets, however it produces fewer false signals than other indicators. As a result, you may use Super Trend in conjunction with other indicators to provide more accurate trade signals. Follow my daily analysis posts on my account to check out how to combine it with other momentum indicators as well as use it for multi-time frame analysis!
Education
by MohannadYakout
Palladium Fakeout!There is plenty of volatility in the markets due to current events happening around the world right now and Palladium is an example of this. An all-time high was created in May 2021 at $3017. Price then went into consolidation using the weekly 200 simple moving average as support. From there, we have seen a gradual increase in price, and by the end of February, price was just $7 shy of the all-time high. The second week of March saw the breakout we were all anticipating, but this was short-lived as price has now retreated back into the consolidation zone. This is the very reason why we wait for confirmation following a breakout before jumping into positions after a long period of consolidation. This is something we make our members aware of. Many traders and investors would have taken a position in Palladium as soon as it broke out but we understand that when price consolidates for a lengthy period of time, it could form a fake breakout. We will continue to stand aside until our confirmation is met and preserve our capital in the meantime so that we can use it for high-probability opportunities. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUM
by Sublime_Trading
Gold Attempts Record High!Gold had an attempt at the August 2020 all-time high at $2075 this month but has come short of even breaking through this level. Price was only $5 away from having a shot at creating a new record high, but the sellers came in strong to ensure that never happened. What does this mean for price now? Since there has been some short-term weakness, we want to identify areas of support that price may come to. This support could act as a springboard that helps to push price back towards this all-time high resistance level. Price is now trading below the $2000 round number, so the next level of support based on this timeframe is the previous all-time high from September 2011 at $1920. There is another level just before that, which is also classified as a strong level of support, and that is last year’s high at $1959. We will have to keep an eye on Gold because if there is a breakout, we could be in store for a long-term trend lasting several years. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
Gold Bullish Momentum!Last week I posted on Gold and highlighted the fake breakout of the September 2011 high at $1920. Despite February’s candle forming a fake breakout of this level, we see strong moves above it again. Price could end up closing below $1920 by the end of the month, but the buyers do appear strong for now. When Gold trends, it usually lasts for months and years. Before a trend can begin, however, we need to see a breakout of the consolidation high, which is also the all-time high at $2075, and that was formed in August 2020. With a strong bullish candle in February and another one so far for March, the momentum could be building up to create new all-time highs. Gold is definitely on our watchlist. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
1
FTSE Down But At SupportLast week we witnessed a 6.78% decline in the FTSE 100 and just a few hours into this week, price has already declined 2.81%. The major support of the daily 200 simple moving average failed to hold price up last week so we must look at further levels of support. Since May 2021 a low was formed at 6823 and has held strong ever since. There was an attempt to break this level in July and September 2021, but they both failed. Price has hit this level this morning and appears to be holding for now. If there is strong buying at this point, it should be enough to push price back to the upside, but for now, we just need to stand aside and see which direction price heads next. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:UKX
by Sublime_Trading
Gold Verging On A Breakout!Gold has made good progress this month, forming a strong bullish candle despite being in an area of consolidation. Price ultimately needs to break above the August 2020 all-time high at $2075, but there is another resistance level in the way at $1920 from the September 2011 high. This month’s candle pushed above this level, but the sellers have pushed price back below. If February closes below $1920, then this will be a confirmed fake breakout, and as we have one trading day to go for February, this seems likely. Gold is an asset that requires plenty of patience, and those holding Gold long-term would not have seen any progress in their investment since September 2011. The main thing is that when Gold trends, it usually lasts several years and produces good profit over time. This increases if you are compounding along the way, something which we ensure our members are doing to maximise profit. We will watch Gold closely and take advantage of any trends should price break above the all-time high. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
US Market Bullish Continuation?The S&P continued to display plenty of volatility last week, where we saw a strong move to the downside, breaking through significant levels of support. Price did appear as though it was going to continue its descent, but the buyers were able to reverse the direction of the move, ending Friday with a big bullish candle on the daily timeframe. The 50 simple moving average, which held as support over the past few weeks, couldn’t take the weight of price and this support level failed. However, looking at the reversal candle last week, which closed with a bullish body, we may well see a push back above the 50 simple moving average. As there is a lot of volatility in the markets, it is hard to be sure if the bull trend will resume or whether the bears will take over, so we will continue to stand aside and preserve our capital. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
GBPJPY Breakout?The GBPYJPY has seen some strong trends in the past and as a result of the 36% decline in 2015-2016, price has been in a long-term period of consolidation. This consolidation range is between 156.60 from the high of February 2018 and 124.78 which is the low of October 2016. Price has pretty much remained in this range. The reason this forex pair has come to our attention is because price is retesting resistance. When price tests support or resistance, there is always a chance of a breakout so we want to remain ready just in case. Price has been testing this resistance level since October 2021 so the buyers appear to be persistent in getting price to break out. Even if we have a breakout, we need to wait for confirmation before considering an entry. Price first needs to breakout, pullback and then break out again. Until that happens, we will stand aside from taking an enter. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
S&P 500 Becoming Bearish?The S&P 500 is back below the daily 200 simple moving average. The last time it traded below this indicator was towards the end of January 2022. What does this mean for price? Not much at the moment as price is consolidating at the moment so we can expect to see moves above and below the 200 simple moving average. The high of the consolidation zone is at $4818 based on the January 4th high. The low is at $4222 from the January 24th low and we can expect price to remain within this range. A breakout from consolidation, either to the upside or the downside, will give us an early indication of where price may head next. If we start to see a pattern of lower lows and lower highs below the 200 simple moving average, we may see a long-term downtrend. But the bias is still for a continuation to the upside seeing that the overall trend is bullish. We now want to see a quick move back above the 200 simple moving average and new all-time highs. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
S&P Bull Trend Still IntactThe S&P 500 started off the year volatile but we are starting to see price organise itself with the aid of the weekly 50 simple moving average. The last time price came into contact with the 50sma was in June 2020, near the start of the current bullish rally. It wasn’t a surprise to see price run out of steam as it had been such a strong run. We identified multiple levels of support that price could come down to and you can see that the 50sma has held well. Price has traded below the weekly 50sma in the recent pullback but has not closed below it which is a good sign that this indicator is acting as a strong level of support. Price is looking bullish so far this week so we want to continue to see bullish momentum and a continuation to the upside. We are holding back from entering any new positions until we have clear signs that there is strength in the market once again. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
Bitcoin Pattern Signalling The Next Trend?A pattern is forming in Bitcoin if you know where to look so could this signify what will occur next for this highly traded cryptocurrency. In April 2021 price declined from circa $65,000, dropping 55% to below $30,000 in June 2021. Then after a rally, price declined from just under $70,000 in November 2021 to circa $33,000 in January 2022 and this drop was 51%. The percentage moves is the first of the similarities between the two declines as they both saw a drop of just over 50%. Price pulled back around $36,000 in both cases and the duration of the declines was not far apart. The first decline lasted 10 weeks and the second one was 11 weeks. Bitcoin is making good progress now and the next hurdle in the way if price is going to keep heading up, is the 50 simple moving average followed by the $50,000 round number. Let’s see how this cryptocurrency performs over the next few months. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSD
by Sublime_Trading
BTC up almost 15% 47,000-48,000 USDT incoming? BTC pumped 14% after breaking out of the ichimoku cloud. Price is above the cloud, which is bullish. This is supported by the Supertrend Ninja clean (green vertical line). Also this was the area where the price moved to the upper part of the Bollingerband. RSI is above 70, this is where the gains usually are made. The VPVR is showing heavier resistance around 47-48K. The bearish orderblock is around 46,600 USDT as well. RFight now the next (grey) resistance is around 45,500 USDT. the Constance Brown RSI is showing bearish divergence at this moment. The CCI is oversold as well. A retrace before another leg up, or sideways action before another leg up is likely. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Long
by Kch28
JST pumps 45%, whats next?Small update: JST pumped 45% after breaking out of the ichimoku cloud, and bullish signal of the Supertrend Ninja - Clean (green vertical line). It crushed several resistances. Currently RSI, Constance Brown RSI and the CCI are all over overbought. Taking positions right now is extremely dangerous and have an unfavorable risk to reward (R:R). I would expect a correction first before possible another leg up. Currently JST is on wave C. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
Small update: Neo not done yet with the pump?Small update: NEO is finding resistance from the (orange) orderblock on the 4 hour chart. A slight correction to 20.30 USDT, before resuming its C wave uptrend to 21.80 - 22.50 is very possible. Claiming 21 USDT is key. RSI and Constance RSI Brown are not showing any signs of bearish divergence just yet. Price broke out above the ichimoku cloud. The Supertrend Ninja Clean (green vertical line) is indicating the trend is still bullish. If RSI breaks 70, more action is likely. NEO doesn't care what BTC wants today. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Long
by Kch28
GBPUSD - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. GBPUSD is overall bearish trading inside the brown trendlines. Moreover, the zone 1.36-1.365 is a strong support turned into a resistance. So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As GBPUSD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
15
BTC analysis - What's next?BTC bounced from 34,300 USDT order block. General trend is still bearish according to the Supertrend Ninja clean (red vertical line). Price is below ichimoku cloud as well. Based on the weekly chart reclaiming 44k, is where I would start to be bullish. I would wait on the Supertrend Ninja clean to give a bullish signal (green vertical line). The RSI is around 40. This could be the start of a range (40 to 60 is considered to be in a range). The Constance Brown RSI showed a small bullish divergence. While the CCI moved below −100, which indicates a new, strong downtrend is beginning, signaling a sell. I wouldn't be surprised if BTC would go sideways in February. Which would be a good opportunity for alts to pump. Then again if BTC goes down another leg. Alts will go down as well. Breaking the orange order block. Then BTC will head to 29K. Then I expect the Constance Brown RSI to show a stronger bullish divergence. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
BITSTAMP:BTCUSD
by Kch28
British Pound Beating The Euro!When price approaches a level of support or resistance that has not been broken in years, we must take note because a huge trend usually follows a break of such levels. If we take a look at the consolidation zone for the EURGBP, it began from the October 2016 high at 0.9225. A low was then formed in April 2017 at 0.8297. Since then, price has mainly been trading within this price zone but it has spiked above and below the high and low several times since then. The last time the low was tagged by price was in February 2020 and price is making its way to the low once again. Unless a major decline happens today, being the last trading day for January, the breakdown, if there is any, may happen in February. We are not interested in the first breakdown of support as this may be a fake breakout. We would need to see a pullback to resistance then another breakdown below the consolidation zone. A pattern of lower lows and lower highs will confirm a bearish trend is in play. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
BNB done correcting or ready for another leg down?BNB bounced from 340 USDT support level . Which was an oversold bounce. There ain't no trend reversal yet. Currently BNB is sitting in a support block (grey block). Which is usually a bearish sign. It needs to hold here, or we gonna have a drop to 359 and thereafter 340 USDT. Before possibly making a bullish divergence . CCI is still oversold. Price is below the Ichimoku cloud which are bearish signs as well. I will evaluate once the monthly price closes. Right now BNB is in a no trade zone for me. Another leg down or sideways chop is what I expect. Personally I don't try to buy bottoms, I prefer to see a strong bullish candle first. I will wait for the 'Supertrend Ninja - Clean' to give a bullish signal (green vertical background color). Before making any Long trades. Otherwise I prefer to wait the correction out. Currently the trend is still bearish (red vertical background color). Supports and Resistances are highlighted as grey blocks. Profits can be taken at each level. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
1
S&P 500 At Strong ResistanceWhen the decline began in early January, the 20 and 50 simple moving averages were the obvious levels of support. After those levels were broken and price gained momentum to the downside with big bearish candles, the next level of expected support was the 200 simple moving average. On January 21st, price sliced through the 200 simple moving average with ease and formed a low at $4222, 12% below the recent high from January 4th at $4774. Price went into a mini consolidation a few days after forming the low, and attempted to break back above the 200 simple moving average on January 26th with a fake breakout. On Friday, price attempted another breakout above the resistance but fell 3 points short of this level. The day did close with good momentum, as seen from the big bullish candle. If the momentum continues into this week, we may see price trading above the 200 simple moving average. The bias is still bullish until we see a pattern of lower lows and lower highs below the 200 simple moving average. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
BTC done correcting or ready for another leg down?BTC bounced from 34k USDT support level. It looks like an oversold bounce. It definitely ain't no trend reversal. Currently its consolidating under a resistance level (grey block) around 36.5k. BTC price needs to reclaim 38k USDT level for more bullish continuation. Reject at this level. And we are heading for 32k first, thereafter 30K USDT. Before possibly making a bullish divergence. CBrown is showing a small bullish divergence. CCI is still oversold. Price is below the Ichimoku cloud on this chart. Another thing I want to mention is the price on the weekly charts, the price is below the Ichimoku cloud as well. Which is a bearish signal. Personally I don't try to buy bottoms. I will wait for BTC to reclaim 38k and for the 'Supertrend Ninja - Clean' to give a bullish signal (green vertical background color). Before making any Long trades. Otherwise I prefer to wait the correction out. Currently the trend is still bearish (red vertical background color). Supports and Resistances are highlighted as grey blocks. Profits can be taken at each level. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
2