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Trendreversal

MM-Reversal-Probability-Index [MM-RPIDX]This indicator tries to show the probability of an impending reversal. It's using a number of different input signals and candle stick patterns and conditions: 6 different moving averages Averages of moving averages MACD RSI Stochastics Keltner channels Pin bar patterns Engulfment patterns The indicator is designed as an oscillator and treats positive values as a signal for an impending bearish reversal and negative points for an impending bullish reversal. At the moment it includes 46 different conditions to calculate the overall index. The 46 conditions flow into 15 signal lines which are summarized to the overall reversal index. This indicator is not just a simple line with a couple of peaks. It’s designed to interactively work with it. It's got tons of tweaking options in the settings section. Examples of usage: Use it for primary reversal detection Use it for reversal confirmation Use it for candle stick pattern detection Use alert levels to increase/decrease the number of reversal detections Detect MACD crossings Detect Moving Average crossings on different levels Detect indecisive areas of sideway chopping Examples of conditions: is there a crossing of the MACD? are there multiple MACD crossings? are there any significant crossings of moving averages? is the market chopping sideways? are there any reversal relevant candle stick patterns? did these patterns appear inside or outside the Keltner channels? are these patterns confirmed by the subsequent candle? was there a crossing of the %K and %D line of the stochastics in the last periods? is or was the RSI in the overbought or oversold zone? ... Concept: Instead of watching 10 different signal lines of indicators and candle stick patterns simultaneously I wanted to have one indicator which aggregates all (or at least a lot of) the relevant information. So the idea was to create an index and assign a specific amount of points to specific attributes or situations (e.g MACD crossed or pin bar candle stick pattern occurred and was confirmed by the subsequent candle and was outside the Keltner channels). After gathering all the information (or points) everything is boiled down to one index. Notice: there is no holy grail in TA!
by Meunier
4
DXY: Long term trend reversalI reccomend taking longs in DXY here, stops under 95.48, and risking 0.5-1% on this trade. It's highly likely the trend will resume it's monthly pace, and head up, and make new all time highs, but for the time being, you can aim for everyone and their mother's stop losses at 97.57. Good luck! Ivan Labrie. ps: If interested in access to my private tuition and/or trading signals weekly newsletter and whatsapp signals, message me privately for details. I'm offering a discount on subscriptions currently.
TVC:DXYLong
by IvanLabrie
11
AUDUSD: Strong uptrendThis is an update to my previous charts on AUDUSD (see the one where I shared a long entry for this pair in particular). The newer charts have been sharing analysis on it, and other Asian and Oceanic currencies, which I see as having amazing signs of strength, suggesting we have long term trend reversals, or at least major retracements in play. There is a new mode forming as we speak, and if we close the week above 0.77102, the prospect of further uptrend continuation becomes more likely. I'm long AUD, and also long it against a variety of currencies (euro, pound, swiss franc), and I don't reccomend playing the short side in such a massive uptrend. The level above is the next 'make or break' resistance, which will open the gate for the upper 0.8-0.9 range, possibly even parity during this year. Each red line, is a vital level, that must see a close above, and then lows finding support there as we move forward, since these levels are where the sellers actively drove the pair down on multiple occasions. If not long AUDUSD, you can enter any of the pairs I listed with a 3 ATR stop loss, or look to enter with your preferred strategy. I'm in with a conservative (3 atr stop) and a more aggressive stop loss position on each of them, which suits my risk profile, and lets me keep a core position, and add, without going overboard on the initial entries. Keep in mind that the fundamentals favor a decisive moment ahead too, with a host of Chinese data coming out, as well as the IMF meeting tomorrow. Remember that a stop loss is mostly, a way of measuring your position sizing, don't disregard the importance of position sizing strategies and you'll live a happy and healthy life as a trader. The main thing is knowing when you're wrong about the trade, to exit, and knowing when you're right, to add to it and let it run. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
Long
by IvanLabrie
4
Bull setup on the GbpUsdIt doesn't take a chart expert to see that the gbpusd is in a down trend, but there could be an excellent opportunity to go long on this pair. As you can see price action was making lower highs but the stochastic was making higher highs, this is a bullish setup. When you see this, it means with a high probability that the next leg down will be a bottom. Then the next leg down we get lower lows in price, but lower highs on the stochastic, which is classic divergence. These two things in and of themselves is not enough for me to go long, but i will be looking on the 1 hour chart this week for trend continuation setups to go long. "The market always wants to hurt the most people, and right now i hear everyone saying to short this pair."
Long
by tommyb35
EURCAD Short: Bearish 5-0 Accompanied by BatEURCAD has been trending upward for a couple of months and has recently shown signs of weakness and a potential reversal. The 5-0 pattern is a great way to enter on the reversal. The entry is placed at 0.5BC which is confluent with the completion of a bearish bat pattern. SL is placed above structure highs and .618BC. Targets are placed at BC terminus, 1.272BC, unhit January 2016 pivot and the unhit pivot cluster from early December.
Short
by glennmercer
USDJPY potential break of weekly/monthly Support/DemandHere we have some very simple USDJPY analysis. I have a bearish bias on this pair however due to price sitting at around support currently I have provided a long scenario target. As we can see from the analysis USDJPY has successfully broken below what was a Major Monthly Ascending Trendline. The short term trend is also bearish on this pair. Taking all this into consideration my bias is to the short side in the medium to long term, with targets sat at around the 110.00 level. Price has not sat at 110.00 for nearly 15 months. The 110.00 Level also lines up perfectly with a monthly Fib extension which adds additional confluence. In an ideal world I would like to see a clean break and close at or below 115.50 and for price to then retrace back into 116.00 to 116.30 level before looking for bearish confirmation and initiating a short order. Remember I take an Instituional Swing Investment approach so this scenario might take a few weeks to play out and may not be a suitable for day trading or scalping for that matter. But if it does play out as derscribed above then we could well see price drop a significant amount. These are the kind of trades that interest me. If it plays out as described it also means that this type of trade is based on sound money and risk management because the Risk Reward ratio will be excellent. My only concern with this pair is that we have not had a retest of the monthly ascending trendline. However, as you all know well... Forex isn't quite so simple and the charts dont always give us what we want and can sometimes just continue dropping or rising at their own leisure. In all scenarios, I recommend remembering that the markets can continue to remain irrational longer than our accounts can stay afloat. So trade wisely and I wish you all a happy trading week ahead. If anyone would like to comment or post their own view then please feel free to do so. Many thanks and Best regards! Barry The Forex Trader #BTFXT
Short
by barry_fxtrader
AUDUSD: I Smell BullsThere is a very nice potential rally on FX:AUDUSD . As we see price has broken a bearish trend @0.7021, then made a pullback, then tested the high @0.7040 and now is ranging in ascending triangle. If the price breaks the triangle and makes HHHC, then we are in a bullish market. Our potential target is next structure @0.7096 with the confluence of 1.618 fibs extension. Besides we have a very nice confluence of triangle based targets rule. Avto_T Green Luck ------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Long
by RCP
GBPCAD Uptrend not powerful enough to continueI apologize for the disorganized appearance of this chart. The Red lines indicate times when the price reacted to the Fib Speed Resistance Arc. This blue line Represents a mirrored version of price action from mid 2004 to mid 2010. Due to its reactions to the fib levels in the recent past and the 10 year resistance level it is likely that GBPCAD does not have the strength to penetrate that level at this time. Feel free to leave your thoughts and comments. Happy Trading!
Short
by IceTrading