ZenTrading_
Long

New Long setup XRP: 4HR and daily

BITFINEX:XRPUSD   Ripple / U.S. Dollar
We were looking for a re-entry signal on our last XRP post, but that didn’t come. In stead we got stopped out and the indicator signalled a new long setup. For those who have access to the indicator: the daily is on a long setup too, so that is the setup to follow. The daily chart is below. \u2028This is a nice example of how the indicator gives you the trend signals. We get a 4HR trend setup at (1), which triggers us long. We re-enter at (2), and may take (partial) profits from the overextension signal at (3). Price then hits our trailing stop at (4), and we’re out of this 4HR trade. We now get a trend setup on the daily. The 4HR chart has given us the short term trend into the daily trend setup. The 4HR setup that is plotted here can be triggered, but the daily can fail. We want to enter this daily trend here, so that is the setup breakout will will be looking for!



If you want to try the indicator out just drop a comment! You’ll have until the 14th of November to give it a try!
For more information on the indicator and where to find the manual see below!

Happy trading!\u2028

Comment: The market is moving down, but nothing to panic about.Wait patiently for that daily setup to either get triggered or to invalidate.
Comment: Daily long setup still valid. Alerts set, chart closed.
Comment: 4 HR setup failed, looking for a short setup now, but have to wait for the signal from the indicator!
Thanks for sharing your idea on XRPUSD, I am bullish on it as well and am looking for a pullback trade at 0.4738 which is also a horizontal pullback support, 100% Fibonacci extension , 50% Fibonacci retracement. Hopefully it makes a nice bounce from this support level.
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ZenTrading_ easyMarkets
@easyMarkets, Thanks for sharing, I'm waiting for the indicator to give me a safe entry signal
+1 Reply
Hey @ZenTrading_ , i'd love to try the indicator. Thanks :)
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@Fabienml, i'd love that too :), gave you access!
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Fabienml ZenTrading_
@ZenTrading_, Thanks ! Where can i see the manual ?
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@Fabienml,
it's linked in the script-post
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:-), i like to try it !! thanks
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@harut42, Gave you access!
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Would like to try it please.
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@izakmerwe, Gave you access!
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