Since my last discussion on Renko Charts, I've made some changes to what my view of long term vs. short term is. Currently, I'm experimenting with a 2hr and 5 min chart I'm continuing focus on my primary scenario of a breakout of price based on consolidation dictated by the ADX of the DMI. The general goal is to find 2hr charts that have an ADX reading of 20...
generated a buy signal in the ADANIENT FINANCIAL WISDOM: There really is a Holy Grail, a perfect trading method that generates amazing results. It's called educating yourself..
INDIA STOCK TRADERS STRATEGIES GENERATED A BUY SIGNAL -BUY AT 2302
One of the first links I came across which seemed to have the least complex strategy: www.dailyfx.com Another challenge I quickly came to was what settings to use on TV for Renko charts. A special thanks for @GcNaif for helping me with these configurations for Crude Oil (which I've used similar concepts for other markets listed below) I've carried over some...
I have found this pair strongly reject the 123.200 area , close to monthly support , after the heavy upwards momentum we seem to see price staling , however still creating lower lowers and higher lows. My projection is we may see price move all the way down to the 121.400 area we could expect some major buying pressure to occur. Lets see how this plays out.
This trend is going very bearish for the momentum .
I wrote about a such type of signal like price reversal from Tenkan. Today we closer look at situation when price breaks Tenkan and moves lower. We have a possible reversal line which can stop price and it's Kijun (Base Line). When price reaches Kijun and bounces, we have a signal for opening a trade and joining to the main trend. As Ichimoku is a trend indicator,...
Simplicity Trading Strategy can produce huge profit, but only when we have suitable market conditions. When we have up or down trend with clear impulse and correction waves. It's very important to use a daily chart as a filter and open trades based on 15M and 1H charts in the same direction as it's on the higher time frame. I prepared an example of market...
Dear friend, I would like to tell you about my new trading strategy based on Ichimoku indicator. There are many variants how to trade using this amazing and powerful indicator, I will show you my variant. Sunrise Trading Strategy can be used on 4H, 6H, daily and weekly charts. We can trade in the different financial markets: commodities, currencies, indices...
The Copper is bottoming out in the last two weeks or so after a strong downside movement. According to the Matrix the Copper is ready to shift its primary direction towards north. A new upside trend is imminent with the potential upside move of about $20 straight to the major resistance of the Matrix at $2.2700. I have placed my Stop-Loss at $2.0285, which...
SPY LONG. Now don't be fooled we don't see true value in the stock market long term. Long term = overvalued Short term = undervalued We see this a a classic bear trap. Here are a few reason we believe so. Market has left a lot of gaps to the upside (Unlike 08') Media are dramatising the situation (Like August 15') Move was quick, blamed on China (August...
Index Arbitrage Forecast: FTSE100 will outperform HSBC Supporting Strategies: Cointegration, Correlation and Technical Analysis Pattern : Elliott Wave 5 The trade should be opposite to the "gap". HSBC has performed better than FTSE100, in order to close the gap FTSE will now perform better in the next 131 days. Targets and notes on charts