Step #1 Wait for the Price to Break and close above the Ichimoku Cloud
Ichimoku cloud trading requires for the price to trade above the Cloud because that’s a bullish signal and potentially the beginning of a new up-trend.
The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance...
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.
Hello traders investors and community, there are some important things going on with BTCUSD the last days i want to talk about.
Looking on the 4-hour chart we can see that BTCUSD is consolidating the last days above the...
To confirm my idea three days ago, I said (almost crossover) on the MACD chart. Today, the crossover happened, which is a bearish signal (MACD under Signal). I still think we are moving towards the support of the uptrend channel, with shorter uptrends and downtrends.
Another thing to watch is the ascending triangle more visible in the 4 hr chart.
Either way it's going to be great! We got a weekly close significantly over the $7,300 to $7,600 mark I was looking for. This keeps the price over the multi-year trend (top line of white channel). As you can see in the yellow circles the last time this happened the price continued to climb for weeks to follow. Also the 20 and 40 week moving averages are closer...
Following on from my last idea early today, "A Look at Iota on 2hr candle" we can see that the idea is playing out nicely so far.
We can now also see that a bullish crossover is going to happen at midnight. This should kick off the weekend with a bang for iota.
I expect to see iota...
Step 1 Add RSI to chart
Change RSI period setting to 2
Change RSI levels to 5 & 95
Step 2 Sell when the 2-period RSI indicator crosses above the overbought 95 level or
Buy when the 2-period RSI indicator crosses below the oversold 5 level.
Step 3 Find appropriate SL
Step 4 Take Profit when the 2-period RSI indicator crosses
In this strategy, you are going to learn about a trading strategy that uses the how to use parabolic SAR indicator (Stop And Reversal) trading tool, along with two moving averages trading strategy to catch new trends on the reversal and continuation of the trend.
If the dot is below the candle this can be a signal to BUY or an uptrend. When the change occurs (the...
BNB/BTC stickiness might be something to watch for in the future, but as BTC bulls rally on to 5,700 resistance before a 6,000 breakout, Binance yet lacks the heft to overtake Bitcoin as influencer. On cursory analysis, BNB appears to be entering a short period of ranging, but whether this actually happens may depend largely on BTC's continued effect on the...
Step #1: Plot on your chart the 20 and 50 EMA
The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA.
Most standard trading platform come with default moving average indicators. It should not be a problem to locate...
Showing Examples of Williams %R crossing above or below -50 while 100 Day Simple Moving Avg moves above and below at the same time showing breakouts. View the below video to learn how to use this chart.
As you can see on both the 2 hour and the 4 we have an ichimoku cloud break as well as a TK Cross when using the Ichimoku System on both the Candle and Henkin Ashi Charting techniques. We also have a Bullish confirmation when looking at the MACD and the RSI and ADX Indicators.. So I would definitely say we are Bullish and stay that way for a little while now!
To identify a Golden Cross, the following usually takes place:
1. There is a downward trend is occurring but is on its last legs because interest in selling declines and eventually begins to be overpowered by stronger buying interest.
2. The emergence of a new trend. It is all about the breakout of the new trend, when the short-term average crosses from below to...
Step #1 Wait for the Price to Break and close above the Ichimoku Cloud .
Ichimoku cloud trading requires the price to trade above the Cloud. This is because it's a bullish signal and potentially the beginning of a new up-trend.
The cloud is built to highlight support and resistance levels. It highlights several layers deep because support and resistance is not a...
This is an example of how you can improve and simplify your trading decisions using algorithmic approaches.
Watching this video you can see that SMA 15/16 crossover trading system still being the most profitable combination for the last 13 years on daily AUDCAD.
The most profitable combination of the periods was obtained using Profitable SMA...