OSCAR Oscillator by GenZai Green line is the Oscar Rough Red line is the Oscar By default based on the 8 last candles and smoothed using RMA Purple line is the Slow Oscar By default based on the 16 last candles and smoothed using WMA HOW TO USE Exit signaling This indicator can be used as an exit indicator when line cross each other. Entry...
RSI 80-20 TRADING STRATEGY SHORT TRADE RULES 1 - Find Highest candle in the last current 50 bars. 2 - That High candle coupled with RSI above 80 level. 3 - Wait for a new Swing HIgh but RSI is lower - DIVERGENCE. 4 - ENTER on breakout candle close below 1st candle's low. 5 - Stop Loss above new swing high. 6 - EXIT with a 1 to 3 risk reward Take Profit. Add RSI...
RSI @ 7 oversold @ 75 Overbought @ 25 VWMA @ 100 Avoid selling into support (strength) Avoid buying into resistance (weakness)
After exploring the depths of profit taker heaven and stop loss hell, after combining many different indicators, finding correlations with momentum, trend, volatility, you name it... After trying to adjust the strategies to different assets, asset classes, market conditions... After finding out that each of these steps are way more difficult than I thought and...
I recently took two discretionary positions on KNC/USDT. In this analysis I've documented my thought process and execution sequentially from left to right in the call outs. In these trades I used several methods of analysis. 1. Chart Patterns My first trade entry was predicated upon a Rectangle Top Pattern I identified KNC forming. Rectangle Tops occur during...
The Awesome Oscillator (AO) is displayed as a histogram showing the market momentum based on a comparison of the simple moving average (SMA) of the last 5 price bars median to the simple moving average of the last 34 price bars median. MEDIAN PRICE = (HIGH+LOW)/2 AO = SMA(MEDIAN PRICE, 5)-SMA(MEDIAN PRICE, 34) When the momentum of the past 5 bars is weak...
Hello Traders, This video explains how I use RSI to generate big returns in the Forex market. RSI has always been one of my favorite leading indicators I use when looking for confirmations. I highly recommend it. Take a few minutes to watch my video and learn how to use it effectively for intraday trading. Trade Safe - Trade Well ~Michael Harding
OPTION SELLER CAN SHORT CALL MONTHLY BASIS
RSI sensitivity at 7 Instead of 70/30, levels are set at 80/20. Using RSI as an adjunct/signal tool. Note the volume anytime RSI breaks the 20 level. You can set an alert at 20/30. Whenever price breaks this level you will be alerted and there may be a potential long situation setting up. RSI can convey divergences between price and volume. Also can be used...
The second simple Renko Trading Strategy system is an indicator based strategy that uses price-momentum divergence to identify trend reversals. Renko Trading Strategy #2 For this Renko trading strategy, we only need to use the RSI indicator. We can use a 14- period or a 20-period RSI indicator. So, use the same period as the ATR 14 or 20 Renko brick size. After we...
Oil has been very bullish as of lately; the September delivery contract is up by almost 100% from its YTD low. The hidden bullish divergence implies a significant amount of pullback continuation players in the market. Trying to follow the momentum by buying dips and being alert for signs of bearish reversal is the prudent approach. The risk of a fast bear action...
Sometimes when the RSI is at 72, (overbought) you just need to short. We can clearly see that a simple look at it would have increased your profits. Personally, when ever it is over 70 or below 30, I always act corresponding to it. Remember trading is risky and things can go sideways fast!
Downtrend RSI (10) negative divergence into resistance with supply expansion RSI 80/20 Diminished demand at test area (neckline) with supply in the background Hypothetical push through entry to initial profit area .39% Training reference/practice
One positive divergence led to lower prices (failed divergence). One positive divergence led to a trend reversal. Why?
This a brief tutorial explaining pullbacks/retests/drawdowns in the market. I hope this helps put your mind at ease. Example shown is of DAX30/GER30 Telegram @RichDadBre
NISON - SWING TRADING STRATEGIES PB&J - Pullback to Sweetspot TT9 - Trading The 9 Trailing Stop
NISON - SWING TRADING STRATEGIES
There are a number of ways to judge the price action momentum. In the previous post, I show you using trend channel as an alternative to up wave or upward thrust to gauge the buying or selling momentum. In this video, I also adopt the same example S&P 500 futures ( CME_MINI:ES1! ) to show you using the popular pattern - rising wedge and RSI indicator to achieve...