Pair is in a range
Price fe back below 100 sma
Price will either down to 50 sma
Or price will cross above 100 sma and return to the top of range
If price falls and crosses 50 sma it will continue to bottom of range
Determine your own SL
Step #1 Wait until you can spot at least a 3 wave Elliott Wave sequence
Since we always advocate trading in the direction of the trend, as explained above, we’re only
attempting to catch the last wave 5.
So, in order to find our Elliott Wave entry points we need to let the market tip his hands off and
wait to develop the first 3 waves of a five Elliott Wave...
Crude broke a year long up trend line earlier this month. It has now tested the bottom of the up trend line several times and looks ripe for drop.
Take your loss on a daily candle close back above the trend line .
Target the three indicated levels. You can even hold a portion of the trade for the June 2017 low.
Follow your stops as the trade moves in your...
Step #1: Cardano ADA price needs to trade BELOW the 200-day moving average
The first condition that Cardano requires to satisfy is to trade BELOW the 200-day moving average.
When price trades BELOW the 200-day moving average we know we have a strong premise for a bearish trend to be put in place.
The more time Cardano price spends below the 200-day moving average...
Step #1: Attach the Donchian channel indicator to your chart. Preferred setting 20 periods.
For the purpose of this example, we’re going to plot the Donchian channel on the 15-minute time frame. The preferred Donchian channel settings is 20-periods, which means that the channel lines will be calculated based on the price action from the last 5 hour candles
Note*...
Step #1: Wait until you can spot a bar that has its daily range smaller than the previous three days
The first rule requires you to have the patience until the Nr4 pattern develops on the Dogecoin chart. When we have a daily trading range that is narrowed than the previous trading ranges it means that the price is contracting.
Based on our backtesting results we...
Rate of Change indicator or simply put it the ROC indicator is another momentum indicator and as the name suggests it measures the rate of a crypto’s change in price and predicts future price movements.
Our RSI is applied over the ROC. So the RSI line is derived from ROC not the price.
Step 1 - Step #1: Wait until the RSI has a value of less than 30
At this stage,...
This trade was brought to our attention by Tex3rdgen from the strike-trader-signals-chatroom. Here is his comments "I'm seeing a very definite Dragon Pattern on EURUSD daily chart. For those who haven't heard of it, it is a reversal pattern, it looks left with head at the top of a typical long neck with front feet lower than back feet with a hump in between. ...
Step #1: Identify a Bearish Trend which is characterized by a Series of Lower
Highs and Lower Lows
Identifying the direction of the trend should be a fairly easy process. The easiest method that
our team at Trading Strategy Guides likes to use to identify the trend is the swing low and high
structure. In essence, an downtrend is defined as a series of lower highs...
Strike Trader Elite Pulse Indicator is a Macd based signal indicator
Green vertical line indicates Macd signal
Entry is based on a delayed amount of pips before a Buy Stop order Yellow line is painted on chart
Buy Stop Loss Red line is painted on chart from a pre-determined amount of pips from entry
Buy Take Profit Green line is painted on chart from a...
NZDUSD is in an bullish uptrend.
It has moved sideways in a range
Watch Macd for direction
Bullish Range Breakout Trade
Buy Stop .7073
Take Profit .7150
SL below Range top
Bearish Range Trade
Enter below 100 sma
Sell Stop .6965
Take Profit .6902
SL above 100 sma
Pair may go sideways waiting for FOMC tomorrow
Price is technically in an up-trend position because it has not swung below ma's in last 30 bars
If it is going to be a trend then price should make a higher high
If not, then price should drop below both ma's and fall towards the range bottom
Watch Macd for direction
Bullish trend trade
Range top breakout
Buy Stop...
Big 3 Indicator shows a red/yellow/green back ground to tell you training bias direction.
15m show entry point
1H shows a support level take profit
PM me if you want to read the complete Big 3 Indicator Strategy.
Step #1 Wait for the Price to Break and close below the Ichimoku Cloud
Ichimoku cloud trading requires for the price to trade below the Cloud because that’s a bearish signal and potentially the beginning of a new down-trend.
The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and...
Step #1: EOS coin price must make a new 20-bars low
You have to wait until cryptocurrency EOS makes a new 20-bars low.
This is essential because we want to make sure that the prevailing trend is “well established.”
The only reason why we trade against the original 20-bar rule is because we know that the original Turtle system has a very low win rate. So, you can...
Step #1: Set the ZigZag indicator settings at 20 for the Depth and 5% Deviation
Firstly, we want to make sure the ZigZag tool will only show the more significant swing high and swing low points in the market. For this, we have to use at least 20 periods for the Depth and 5% deviation to accurately display the market swings.
Step #2: Plot the Fibonacci Extension...
