EURNZD | Short H1 | Market Exe |Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action reversed away from Supply area
- Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement
Suggested Trade:
Entry @ Area of Interest 1.8100 - 1.8110
SL @ 1.8156
TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.8009
Risk-to-Reward @ Approx. 2.03 (Depending on Entry Level)
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Search in ideas for "stochastic"
GBPCAD | Short H4 | Market Exe | Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action is at a Supply Zone area
- Price action may reverse back below Resistance Trendline
Suggested Trade:
Entry @ Area of Interest 1.7140 - 1.7160
SL @ 1.7258
TP 1 @ 1.7012 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.6809
Risk-to-Reward @ Approx. 3.41 (Depending on Entry Level)
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NZDUSD: Double top, 50 EMA break and Trend line retest. Quick 3RNU Broke out of a triangle accumulation, with a massive expansion . Its currently formed a double top with divergence at the Camarillia R5,R6 levels, if price breaks the 50 EMA and Cam 5R level it should retest the triangles trend line . 1 hr stochastics are crossing for a move down and 4 hr stochastics are topped and look divergent to me . TPs at middle of expansion/imbalance and at horizontal resistance. I'm keeping my stop pretty tight just above the Cam R6 level allowing a 3:1 RR.
This is my first post so ill shout out to Vasilly Trader, who taught me technical analysis . Chris Moody for his Multitime frame stochastics and other gems. And Anderson Guillgapi, Market Magician and pine coder
good luck
EURUSD - Day trade by Keltner - Stochastic - ADX 8 Feb 2021Risk/reward: 1/1, 1/1~2 | Entry by: Upper/Lower | Keltner crossing: 2 | Candle not entry: 80% | Stochastic: 80/20 | Adx: 31/9/9 | Notrade friday
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Max risk: 2% - Risk / reward: 1/1, 1/1~2.
1. Trend identification:
... Keltner: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry.
... Stochastic:
...... k> 70: Uptrend. k <15: Down trend.
... ADX: 31 provides strong trend following signal.
2. Entry point:
... Price corrects to Upper / Lower when 3 conditions Keltner , Stochastic & ADX indicator meet.
3. Not trade friday.
EURUSD - Day trade by Keltner - Stochastic - ADX 3 Feb 2021Risk/reward: 1/1, 1/1~2 | Entry by: Upper/Lower | Keltner crossing: 2 | Candle not entry: 80% | Stochastic: 80/20 | Adx: 31/9/9 | Notrade friday
Max risk: 2% - Risk / reward: 1/1, 1/1~2.
1. Trend identification:
... Keltner: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry.
... Stochastic:
...... k> 70: Uptrend. k <15: Down trend.
... ADX: 31 provides strong trend following signal.
2. Entry point:
... Price corrects to Upper / Lower when 3 conditions Keltner , Stochastic & ADX indicator meet.
3. Not trade friday.
4, Second entry is at fibonacci retracement 65%.
Good luck.
EURUSD - Day trade by Keltner - Stochastic - ADX 28 Jan 2021Risk/reward: 1/1, 1/1~2 | Entry by: Upper/Lower | Keltner crossing: 2 | Candle not entry: 80% | Stochastic: 80/20 | Adx: 31/9/9 | Notrade friday
Max risk: 2% - Risk / reward: 1/1, 1/1~2.
1. Trend identification:
... Keltner: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry.
... Stochastic:
...... k> 70: Uptrend. k <15: Down trend.
... ADX: 31 provides strong trend following signal.
2. Entry point:
... Price corrects to Upper / Lower when 3 conditions Keltner , Stochastic & ADX indicator meet.
3. Not trade friday.
GBPSD - Signal by Keltner, Stochastic & HigherLow LowerHighstop / profit: 2/2; keltner cross: 1; reset entry; keltner confirm: upper / lower 1; stochastic: 80/17; LH / HL: 5
Max risk: 4%.
Trend identification:
- Keltner Channel: Price cross Upper / Lower 1.
- Stochastic:
... Up trend: index k> 80
... Down trend: index k <17.
- Higher High Higher Low:
... Increase: Higher Low (HL)
... Decrease: Lower High (LH)
How to enter an order:
All 3 above conditions enter the order when the Stochastic indicator lets k crossover d into the Buy order. k crossunder d into Sell order.
********* Consider entering order 2 according to Fibo to have Risk / reward ratio: 1/2 ......
Overbought condition of Gold....Selling off so far..Some Support
Gold price really knocking down hard on the 80 level of the Daily Stochastics...It is down around the 72 level....Weekly Stochastics is sitting above the 80 level at about 84.
Price has sold off but found some Daily time frame support around 2483.
I am awaiting 2 x Significant economic reports over the next 20 minutes....then we might look or a trade on the first pullback retracement. I hope it is LONG.
$INTC | Allocation | Market Exec |Technical Confluences:
- Price action is close to the 78% Fibo Extension and is at a strong Demand Zone
- Stochastics is in Oversold conditions from Daily, Weekly and Monthly
Fundamental Confluences:
- Currently, Intel is trading at tangible book value ( thevalue you will get if the company gets liquidated)
- At such value, chances of a takeover might be there which means, potential premium to be paid on takeover news?
- After weak Q2 earnings, does it mean anything if the CEO starts buying the stock himself?
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With deep discount in NASDAQ:INTC 's value, another no-brainer and minimal risk. Intel is not going to liquidate.
Will be expecting a turnaround and definitely a Long-Term hold in my portfolio.
Remember, DYOR.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
GBPAUD | Short D1 | Market Exec |Technical Confluences for Trade:
- Stochastics are close to Overbought Conditions on D1 and Overbought in both H1 and H4 time-frames
- Price action is close to a Supply Zone
- Price action is close to multiple Resistance Trendlines
Suggested Trade:
Entry @ Area of Interest 1.9270 - 1.9380
SL @ 1.9503
TP 1 @ 1.9017 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.8745
Risk-to-Reward @ Approx. 2.87 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
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EURGBP | Short H4 | Market Exec | Still Betting Against the EURTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frames
- Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone)
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the AUDNZD. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8590 - 0.8620
SL @ 0.8643
TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8522
Risk-to-Reward @ Approx. 1.73 (Depending on Entry Level)
________________________________
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EURCAD | Short D1 | Market Exec |Oil Over EuroTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frame. D1 is also entering Overbought Conditions.
- Price action is at last month's Resistance Trendline
- Price action is in a Consolidation zone
- Targeting the 38.2% Fibo retracement
Fundamental Confluences for Trade:
- ECB plans to cut interest rate next month would weaken the EUR
- Oil price should sustain with all the ongoing geopolitical risks; supporting CAD economy
Suggested Trade:
Entry @ Area of Interest 1.4760 - 1.4790
SL @ 1.4820
TP 1 @ 1.4709 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.4664
Risk-to-Reward @ Approx. 2.34 (Depending on Entry Level)
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CSPRUSDT | MT Long H4 | Casper NetworkPair: HTX:CSPRUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on H4 time-frame
- Price action is close to bottom of a Parallel Channel
- Price is entering a Demand Zone (Yellow area @ Current rice)
- Aiming for the next two Supply Zones (TP 1 @ Blue Horizontal Line & TP 2 just before Supply Zone)
Fundamental Confluences for Trade:
- Nothing much to talk about Crpyto fundamentals, too many tokens to look at and just look at it as a trading pair with liquidity
Suggested Trade:
Entry @ Area of Interest 0.02700 - 0.03230
SL @ 0.0246
TP 1 @ 0.0389 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.0453
Risk-to-Reward @ Approx. 2.51 (Depending on Entry Level)
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TWT - Oversold- Small BounceThe chart shows that the Trust Wallet Token(TWT) is in an oversold condition.
The indicators used for identifying the oversold condition are the Bollinger Bands, the Relative Strength Index, and the Stochastics. They are all indicating that the condition is oversold and it is likely for a small bounce to the upside before continuing to the downside.
All furter details are shown on the chart.
Goodluck!
PHILIPS - Oversold - LongpositionOn the Philips chart (PHIA - 4h timeframe), We can see the price is currently oversold. The price is approaching a support area and is probably going to bounce off. Enter and leave the trade at the level defined on the chart.
The three indicators used are Bollinger Bands, RSI, and Stochastics. All these three indicators are confirming the oversold condition.
See all further details on the chart.
Good luck!
ETCUSD - Long - Small bounceOn the chart we can see the price is currently in oversold condition. As we can see all the three indicator are suggesting the oversold condition. So this can be an shortt-erm oppurtunity to get approximately 7% profit if this plays out.
The indicators used are Bollinger Bands, RSI and Stochastics.
See further details on the chart.
Goodluck!
DOGEUSD looks overextended from big-rises. Sell or buy Dip
If you follow the stochastic's at all, esp. on higher timeframes, if you don't well that is fine, but I will share my tip, you never want to see K line (generally blue) crossing down on the D line if you are in a Long position, but an even further bearish possible move is when the K-line crosses down on the 80 Stochastic's level.
Now the fundamentals of the indicator are similar to the Relative Strength Index (RSI), anything above 80 and staying above 80 will become further overbought in a situation where there has been too much recent buying demand orders executed and as such sellers will usually move-in, but traditionally not until k Crosses-down on 80, getting to 75 will probably seal the deal short for sellers as this crossing of K needs to be a sustained crossing and needs to be moving down, this would occur much slower on a daily timeframe of course. Drop to lower timeframes and see what the oversold/overbought condition is for Stochastic's on lower TF's because the more confluence you have with the Daily the better.
It does not necessarily have to be on the Daily, but bigger timeframes carry bigger profits, generally, depending on SL position and risk/reward. Often, the first TF to meet the setup will be a lower TF, but profits can be made on a Crossing of the Daily chart, it would mean the trade is probably safer in higher TF, by that I mean trade goes your way in your intended direction, in this instance Short.
But here is the controversy of Stochastic X-ups (bullish above 20 level) & X-downs (bearish on a break of 80 lower), they are not very reliable when you are going against the trend.
For example, the DOGEUSD crypto has had a massive run lately since bitcoin reached around 75k, despite being at a great price, I believe, its price is overextended and considerably above the 200ema daily, so it becomes a sort of mean reversion situation where sellers form an idea from Stochastic's RSI Price action etc, that it's price needs to cool a bit as its overbought and too much current demand has driven the price too high, but here is the thing, shorting- Doge when its in a bullish uptrend with price above EMA's especially 200 will not be easy.
So this method works better when you are trying to move price (down or up) in the direction of the trend and the path of least resistance. One of the main reasons is because the RSI and Stochastic's give a mixed message when the trend is not your friend. This is because momentum is still to the upside long when above the 80 level on Stochastic's and RSI, momentum is still to the bearish downside when Stochastic's' is below the 20 level. This continued momentum can last a long time in these extended zones above 80 (bullish momentum) or below 20 (bearish momentum) but usually at some point a diminishing momentum occurs as the market forms an opinion that the instrument is overbought > 80 or oversold < 20.
So, the Daily chart shows how price is tipping over, right now a lot of other TFs showing bearishness as well on Stochastic's.
I hope this helps your understanding, a bit long but its a lengthy topic.
By the way, I don't think I will be selling DOGEUSD despite the reasons above, BTCUSD chart does not share this quality of bears moving in, at least not last time I checked a few hours ago.
GBPCHF | Short D1 | Market Exec | Incoming Risk-OffTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1 and H1 time-frames
- Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair.
- Price action is close to a Supply Zone
- Price action is close to multiple Resistance Trendlines & top of Parallel Channel as well
- Targeting the 38% Fibo retracement for this trade
Fundamental Confluences for Trade:
- There seems to be some disconnect between asset classes and with everyone already so 'risk-on', the risk-off build up momentum is ripe for the taking.
Suggested Trade:
Entry @ Area of Interest 1.1570 - 1.1650
SL @ 1.1718
TP 1 @ 1.1425 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.1276
Risk-to-Reward @ Approx. 2.60 (Depending on Entry Level)
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Overbought vs Oversold - What do the Stochastic Levels mean?There is a lot of speculative information around the Stochastic RSI and its levels. Many strategies are just outright wildly false for example talking about crossovers of levels but I want to give you guys some insight of what these levels actually mean to help you better use the stochastic RSI. In this article I mention many levels but I want to focus on the 50 level or the MIDLINE depending on the Stochastic that you use.
I want to point out something very important here. The Stochastic was LEVER meant to be used as an entry exit tool so if youre trying to find the perfect settings to tell you when to GO / NO GO, stop looking. There arent any. No perfect timeframe, no perfect lengths, etc.
THis is to be used in combination with other tools and analysis to help confirm whats about to happen. The stochastic is lagging like any other indicator. But its calculation is very fast so you need to devise a plan of action on your charts well before putting it into use.
This articles content is based on a few things:
My experience with the Stochastic.
How it's math works.
What does momentum mean across an oscillator.
The physics of momentum and force. (Science stuff huh?)
So lets get into it.
First off if you want to get your hands on my special and custom version of the Stochastic, you can. Its on called "The Stocashi" A Heiken Ashi version of the stochastic with a few hidden features.
STOCASHI + Caffeine Crush: A heiken ashi stochastic
The Big Issue At Hand is the Stochastic 50 (mid level) value and what does it mean.
Let's talk about the Mid-Level (50) in the Stochastic Oscillator
Neutral Point - Midline
The 50 level in the Stochastic Oscillator represents a neutral zone where neither bullish nor bearish momentum is dominant. It is the midpoint between the extremes (0 and 100 in the traditional Stochastic).
Momentum Indication
Above 50: When the %K line is above 50, it indicates that the asset is gaining bullish momentum. The higher the value, the stronger the bullish momentum.
Below 50: When the %K line is below 50, it indicates that the asset is experiencing bearish momentum. The lower the value, the stronger the bearish momentum.
Trend Confirmation and Reversals
Crossing Above 50: If the %K line crosses above the 50 level, it may signal the beginning of a bullish trend or an increase in bullish momentum. Traders might look for additional confirmation from other indicators or price patterns.
Crossing Below 50: Conversely, if the %K line crosses below the 50 level, it may indicate the start of a bearish trend or an increase in bearish momentum.
Strength of Momentum
The distance from the 50 level reflects the strength of the current momentum. The farther the %K line is from 50, the stronger the momentum:
Near 100: Indicates strong bullish momentum.
Near 0: Indicates strong bearish momentum.
Near 50: Suggests weak or neutral momentum, which could mean consolidation or indecision in the market.
Market Conditions
Overbought/Oversold: Traditional overbought and oversold levels (80 and 20, or in your adjusted version 50 and -50) provide additional context:
Overbought: %K above 80 (or 50 in your version) suggests the asset might be overbought and due for a correction.
Oversold: %K below 20 (or -50 in your version) suggests the asset might be oversold and due for a bounce.
Relative Strength
The mid-level can also be seen as a relative strength indicator. Staying above 50 for extended periods indicates sustained strength, while remaining below 50 indicates sustained weakness.
Practical Interpretation
Trend Identification:
When the %K line is consistently above 50, it indicates that the asset is in an uptrend. Traders may use this information to stay long or look for buying opportunities.
When the %K line is consistently below 50, it suggests a downtrend. Traders might use this to stay short or look for selling opportunities.
Signal Filtering:
Crossovers of the mid-level can be used to filter signals. For example, a buy signal might be considered more valid if the %K line is crossing above 50, while a sell signal might be more valid if the %K line is crossing below 50.
Consolidation and Breakouts:
When the %K line hovers around 50, it can indicate a period of consolidation. A breakout from this zone can signify the start of a new trend.
DLTBTC | Support Confluence | Low Volume | .618 Fibonacci Todays Analysis – DLTBTC – Trading within a range as price retraces to test daily support
Points to consider:
- Support confluence
- Declining Volume
- RSI below 50
- Stochastics Oversold
DLTBTC needs to hold daily support upon retest as it confluences with the .618 Fibonacci resistance to substantiate the thesis of a long trade to structural resistance.
Volume has tapered off and below average. As price tests daily support, bull volume influx will be a key indicator supporting the bullish bias adding validity to the price action.
RSI has broken below 50 and is likely to decline further as price retraces to support, allowing for ample space for incline before reaching oversold conditions.
Stochastics reaching oversold condition and may remain oversold for some time. However, this also indicates stored momentum to the upside as the market shifts.
Overall, in my opinion, price needs to respect and hold daily support with evident volume follow through to validate a long trade to structural resistance with risk defined below support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
S and P 500 SPXUSD stochastic divergencesPracticing Stochastic Divergence from 3 - 26 to 5 - 29 on a 1 hour chart recorded about 63 so a little more than 1 per a 23/5 trading day (this SPXUSD includes the futures trading period). I measured from K blue line peak to another blue line peak. A few of the ones I recorded were close to a double bottom or top but if the stochastics showed a little different or the price action was a little different and in favor of a divergence I more often chose to record it.
Key
Bullish Divergence - bu d it occurs when the price action is forming a lower low but the oscillator is forming a higher low better positions if oscillator is at oversold levels.
Bearish Divergence - be d occurs when the price action is forming a higher high but the oscillator is forming a lower high and probably better if the oscillator is at overbought levels.
Hidden Bullish Divergence - h bu d occurs when the price action is forming a higher low but the oscillator is forming a lower low
Hidden Bearish Divergence - h be d occurs when the price action is forming a lower high but the oscillator is forming a higher high.
Hidden Bullish and Hidden Bearish Divergence will generally represent continuation in the trend where as Bullish divergence or Bearish Divergence will generally make a change in direction of the current trend.
I noted after the divergence showed up on the Stochastics the amount of price change and the time span. Back in March and April and when the volatility was a little stronger the point moves would range about 30 to 150 points 1 to 5% with and average about 60 to 80 1 to 3% on each divergence. May and lower volatility has weakened a little and the point moves are about 20 to 60 1 or 2%. After the divergence was detected the price usually went in favor of the divergence like 80 or 90% of the time. The price swing was generally right after or soon after the divergence was detected. If you took the trade the majority of divergences would last about 2 to 4 hours some would last about 6 or 7 hours a few up to 24 hours. The notes that I recorded generally took out about 5 or 10 points from the top to bottom because in reality you are probably not going to catch the best opportunity but it appears that if you chose to take the trade you would probably have a winning trade after a few hours or 6 hours later. It will be a bullish divergence or bullish hidden divergence if you are measuring price action of low troughs and it will be a bearish divergence or hidden bearish divergence if you are measuring from one high apex to another apex. I believe the Stochastics is a lagging indicator, but if you are also looking the candlestick formations and looking at the stochastic readings and seeing signs of the probability of the divergence more likely to happen you might be able to catch the divergence a little earlier. I didn't really pay that much attention to divergences until I started watching some of the Nadex educational videos especially from the speaker Gail Mercer who uses it along with candlestick price action/formation reading.