Well, this is not a trading idea actually. I just want to present my new tool to the community.
This tool will help you to choose a type of moving average to create the most profitable trading system based on crossovers.
Click on the price scale, point to "Labels" and switch off "No Overlapping Labels" option to get a better view.
Overall XJO pullback to trend channel and 50% Fib complete, looking for upside bounce soon. indicators turning up from right on the 34EMA.
Let''s look to see where the US markets head and take us and hopefully we can hold this zone.
This is just the harmonious curves resulting in the geometric averages between highs and lows of historical cycles.
You should use this as a baseline to buy and sell BTC, depending on your event horizon (in time).
This is more of a HODLer or LONGer investment plan than short, but it should provide a baseline to you.
Also, I'm not a technical analyst, I just like...
Yesterday the SPY broke above an important level (GAP) at 302. It also confirmed two consecutive days above the 200sma. Interestingly enough on the last close it printed a bearish hangman candlestick. It'll be interesting to see what happens into the end of the week. If we can keep above the 200sma and print a proper bullish structure (double bottom etc), then the...
Any Elliott Wave people out there want to take a look at this expanded flat pattern, as we approach the 200-day moving average around 3000 on the S&P 500. Major bear market top resistance. What do you think is going to happen? Could be a dramatic overnight trading session and big important day tomorrow. To see if we stay in the bear market area, or cross over into...
DogeCoin is sailing right on top of its 20, 50 and 200-day moving averages, the RSI is oversold, and you can start to see some support from the previous resistance on the lower time frames.
Let's wait and see.
Not trading advice. Take with grain of salt as you should with all trading.
PINS recently gapped from earning but failed and pulled into the previous gap up area. PINS had recently bottomed last year but broke out and is now in a strong uptrend holding the 20DMA. Following this gap up and pullback, PINS is now at the 20DMA and bounced off it on the 30m timeframe. This is considered a Holy Grail Trade where a trending stock holding the...
Why Currency pairs going up or down?
If EURUSD pair goes up from 1.2500 to 1.2510, the Euro has increased in relative value by 10 pips because either
1) EUR has strengthened, or
2) USD has weakened, or
3) Both EUR and USD have strengthened but relatively at different pace, or
4) Both EUR and USD have weakened but relatively at different pace
But how do you...
A simple trading strategy everyone can understand.
Take the average of 200 days worth of stock prices of a stock, compare that to 50 days average.
If the two crosses and are going up, you buy. If the two crosses and are going down, you sell.
short insight here. As you can see, our previous bottom before dropping to 3k at the end of 2018 has become our triple bottom and the uptrend has now carried through. We have moved equal volume as the run up in July 2019 and our 50MA is is looking to get with that 200MA to make sweet love.
I believe we will fall to 8.2 - 8.3 k to find our support levels from...
This whole concept is also confirmed by eliot wave theory, if we break below 7820 we will invalidate the count for a 4th wave and most likely continue going down. As a setup this is a 16:1 ratio, which in my book is amazing.
Simple indicators for some successful trading on BTC.
When prices crosses above/below the ALMA you can go long or short.
Just make sure the volume is above the MA within that indicator. Set your TP and SL according to your risk management strategies (ATR is great for this).