A double bottom on EURGBP, hoping for a push up to 50% level on Fib and then a rejection off the 50-61.8 and a push to the downside.
Once it tests the 50% area and 61.8 area and then hoping for a good push to the downside. It may take some time for it to get to that zone and then enter on a rejection candle.
Break of the trend line and I have a safety line in place, the thin blue line, this trade re-tested the red trend line and then pushed up to the upside nicely. Hoping for an easy 160 pips
Took a long position on the 4 hour, a major long term trend line was crossed and so i entered a long position and this pair looks identical to NZDCAD as well and I took a long position on that pair too.
Trend line crossed and closed, taken a short on this pair. I normally will wait for the re-test but testing out a new strategy type this week of entering the trade as soon as i get an alert that a trend line has been broken.
Easy trend line strategy - Also added another entry after it crossed a long term trend line, the first cross was a momentum line which I entered the initial trade on.
Entered trade on Friday Oct 6th after the 4 hour trend line was broken and entered a trade with a small lot size and I'm hoping for around 100 pips out of this trade. A trend line on the daily timeframe was also broken and so that was another confluence that this was heading to the upside.
The MACD can be a useful confluence when deciding whether to enter a trade or not, on the 4 hour time I always wait for a 4 hour bar to close and then see if the histogram has changed to green or red and using other confluences such as trend lines and engulfing candles on the daily or 4 hour timeframe. Watch out for divergences with the MACD which are easy to...
The thing with trading is you basically need to know when to get into the trade and when to get out to take your profit and avoid drawdown. What tells you to enter the trade. I use Engulfing candles on the 4 hour chart sometimes the daily and then move down to the 4 hour to enter a trade. The MACD which has a histogram and MACD line and signal line and wen they...
Get ready for possible gold shorts! From $1938-$1940 zone and my target will be $1917
Use MACD ( regular settings) + Engulfing candles and trend lines, on the 4 hour time frame + also you can drop down to the 1 hour timeframe to get a better entry. Also check the over all trend, never counter trend trade. The idea with swing trading is to catch the big 200-700 pip runs from a bottom to a top and sit in that trade for as long as possible. Use a...
Using the MACD on regular settings + engulfing candles on the 4 Hour chart + adding in trend lines where needed you can make a decision to enter a trade or not.
Simple way to catch long and short runs, also use trend lines as another confluence to enter a trade.
If the signal is a buy signal and it is above the blue line , then place a buy order , if it is below the blue line , and gives a sell signal , then sell . If it gives a buy signal and it is below the blue line wait for it to cross up thru the blue line and then place a buy , the opposite for a sell . If it is above the blue line , wait for it to to go down thru...
these 2 indicators are the best and easiest to use for beginners. -RSI 25 & 100 -MACD -Chandalier exit -
This is Matic/U.S Dollar and I'm using 3 indicators to help with eliminating false buy/sell signals. 1) MACD 2) RSI x 2 ( 25 & 100) 3) Supertrend New to day trading crypto but these are super helpful indicators and you have to make sure the lines cross in the RSI and the MACD to have a good signal to buy or sell. In the MACD the blue line must cross the...