We've been trending sideways a lot lately. We mostly have pumps and long consolidations, not a proper trend. So, here are some tips on how you can trade and survive in this market.
There are 2 basic ways of trading sideways trends. I'm using the M15 chart to illustrate.
1) Treat everything as a range. Trade breakouts from the range. Place Buy Stop orders above ...
Wedge breakout, target price $9,700
Support zones at $9,100 and $9,200
Current situation we will see is a pullback and due to wedge breakout should rise to $9,700 but we can expect resistance from thin blue line 'HighPhaser', which is the MarketBaseLine overlay of the a third chart (60 min).
So we can expect some ranging with dated high to supports stated or ...
Short-term trade, a bearish bat pattern has completed on 30-minute timeframe.
Can choose to short now or wait for price to return to PRZ before deciding.
R:R at 1.2 (TP1) and 2 (TP2). Good luck.
A potential bearish crab pattern is completing soon, RSI has just touched the overbought level.
We have PRZ at a good daily resistance area.
R:R at 2.3. Good luck.
A potential bat pattern is completing, RSI on its way to overbought level.
PRZ is at a good resistance level.
R:R at 1.5 (TP1) and 2.6 (TP2). Good luck.
Another short-term trade, a potential bearish Gartley pattern is completing soon.
PRZ acts as a mini resistance zone.
R:R at 1.3 (TP1) and 2.2(TP2). Good luck.
This is a basic trading strategy using Stop-Limit orders placed on Fibonacci retrace on price action taking place in given "phases" Phases are named "Buy" or "Sell" based on the RSI/Stochastic Oscillators in the chart. On overbought conditions we sell, and on oversold conditions we buy. These conditions trigger "buy" or "sell" phases and we react with stop ...
In this EUR/USD analysis I am using the 15-min time frame. On the monthly and weekly chart for EUR/USD the pair can be seen in a current uptrend. Price may continue to go up from its current point but If I were to enter I would place my entry at retrace a little but the pair looks strong. As a day trading perspective this analysis I would enter this pair at the ...
Major resistance at 0.79950 - 0.80016 Zone; Fibonacci Retracement Level 0.236 - 0.382 - Probable retracement back to minor support zone at 0.7980. Looking forward to see how this one plays out with current downtrend.
We had a sell signal from the system, so we know the general direction of the pair, and now we are facing a pullback after breaking support, will sell after the pullback is over.
Just wanted to give an idea for possible trend continuation trades, All rules are on the chart.
All the best. Felix
Website: http://www.ogtpartners.com
Twitter: https://goo.gl/9EdYPk
Facebook: https://goo.gl/qH7M51
working on a new system with ranko would love to have your idea ! it 's day trading system ! The basic are above the 89 ma ( red line on the chart ! ) looking for a long below the red line looking for short , need 2 more criteria before entering , Will need two red brick to enter short and 2 green to enter long , I will need to macd in my direction or at least ...
The following trading system uses the rate of change (ROC) between equities and bonds to determine which asset to hold, basically , following the money. The rules are simple :
1. Calculate the 85 day ROC for SPY and TLT
2. If ROC (SPY) > ROC(TLT) --> Buy SPY
3. if ROC(SPY) buy TLT
Backtest resutls
I coded this in python , and here are the results ...
![SPY: AK " Follow the Money " [FTM] Indicator and trading system](https://s3.tradingview.com/w/w9HX1VRl_mid.png "AK \" Follow the Money \" [FTM] Indicator and trading system")