If price bounces from the resistance level, we'll have reversal chart pattern. Double top can stop this up trend and give a signal for opening short trades based on daily chart. But our entry level can be only below swing low. If we want to catch the reversal in the beggining, we have to use hourly charts for entry. Just wait when MACD starts falling. The nearest...
What do we have now? On the one hand the trend line was broken and bears reached 4700 support level. DMI gives a signal for possible down movement and this market is overbought. Based on this we should open short trades. But on the other hand we have price reversal from 4700 support level with RSI confirmation. MACD confirms long trades in the direction of the up...
Price broke Moving Average with period 100 and formed a local high. We can open long trades above the swing high with DMI confirmation. Entry level is 1.1120 and a stop order should be placed below MA100. As for profit target they can be: daily MA100, levels of round digits 1.1300, 1.1350 and 1.1400 for long term.
It's not a perfect signal for a long trade, because we don't have confirmation from higher time frame. But it's bullish divergence, a support level which stopped bears and good profit target. Why not to try?
Bitcoin gave opportunity to make some profit. Here are examples of possible short trades which could be opened. The 1st example - we open a short trade based on volatility breakout rules. After that we have trend conditions and we must use rules for such market. Profit target for all trades can be support level or Moving Average 100 from daily chart. If you are...
Just another try to catch down movement. RSI and MACD have formed a super bearish divergence which is not the perfect but any way it's rather interesting. If price bounced from this resistance level, we could have more reliable signal for short trades. ADX makes every new high lower then previous and it's a signal that bulls are not so strong now. So, we have good...
For several days price has been below Moving Average 50 which is a resistance level now. A bearish candle, which closed out of Bollinger Bands, give us a signal for possible down movement. We have Bollinger Band expansion with MACD falling histogramme which confirm short trades. Also ADX starts rising and it's one more confirmation for down movement. It's time for...
NASDAQ climbs higher and higher. Where will we see price reversal with following down movement? May be 4750 or 4800? It does not matter if we try to open a short trade like this: we have to wait when a candle breaks the up trend line and closes below. It will be a signal that probably the up movement is over. Place a pending order below the low of this 4H candle....
If we look at Moving Averages which rise and move far from each other, we can see trend market conditions. It is up trend and a possible entry level above Moving Average with period 50. But Bollinger Bands shows the period with low volatility and DMI confirms range market conditions. In such way we have to wait Bollinger Bands expansion which follows after...
When we have strong trend market conditions, it's a wonderful time for making huge profit. Here there is a sample of profitable long trades which were based on the signals of my trading strategy, when a lot of traders thought about the price retracement from 4700 level. I also thought and wrote that only short trades could be near possible reversal zone. But the...
Price broke Moving Average with period 100 and closed below. The up trend has finished. We'll have possible down movement, if price can go below 1320. Place a pending order for entry below this level. Stop should be above 1337 and profit target near 1280.
Price has not moved above MA20 on the daily chart. So, we think about short trades on hourly charts and open trades with close targets. Look at this 4H chart, we have a down movement and a possible entry level below 1321,80. MACD and RSI confirm price reversal from falling MA50. Just one thing which does not support our short trade - it's ADX falling below 20....
We have bullish divergence form by MACD and RSI. Price bounced from the support level 1.09500 and gave a signal for a buy trade. ADX starts falling and it means that that we don't have a strong down movement. Entry level is 1.09970, stop order should be place below 1.09450 and profit target will be MA100.
Price broker Moving Average with period 100 and it can be a signal that the up trend is over. In such way we have to search entry levels for short trades based on hourly charts. MACD starts falling and confirms short trades. ADX, which is the part of DMI indicator, rises and probably we'll see strong a down movement. Profit target orders can be placed near support...
We have price reversal from Moving Average with period 20. This reversal is also confirmed by RSI and falling MACD. Probably we are in the beginning of a new down trend. Open short trades below 1.3000 based on daily and hourly charts. Stop order can be placed above 1.3300 and profit target near support level 1.2500.
Ok, Gold! You don't want to go lower, it's no problem! Let's think about your up movement... We have up trend, price which broke Moving Averages 20 and rising MACD. DMI confirms trend conditions. For opening a long trade based on the daily chart, we will need only bullish candle which is closed above MA20. If we decide to open long trades without such bullish...
Price comes to the 1st possible reversal zone. We have a strong resistance level 4700 and up Bollinger Band on weekly chart. We have to wait for a bearish candle, confirmation from RSI. Only after that it will be possible to think about entry levels for short trades on the daily and hourly charts. MACD falls and it's a signal that resistance level will be able to...
Daily chart - price broke Moving Average with period 20. MACD confirms down movement and we search for entry levels based on hourly charts. Profit target will be the possible reversal zone near Moving Average with period 50. If price breaks MA50, we'll close all short trades near MA100.