based on TSI CROSS
we will bear until we hit the WMA trend line (up to 1418)
there will be lot of people suggesting to look out at 1400 too (if gold hit 1418), but I really doubt that one
and very hard to target under 1400 especially 1382.5 area (hit that area would suggest for more choppy movement from weekly gold)
combo of my indi's say BUY! USDJPY
Hull Moving Average cloud
CCI_Hull (CCI with normal MA removed and replaced with a HMA)
TSI (as standard, but custom appearance)
PM me for MT4 Bots ;)
Here is a prime example of why I have some tools to help me OPEN positions, and others to help me CLOSE them.
As we can see our continuation trade in GBPJPY has gone very well, smashing through target 1. (Check my other ideas for the original trade).
We are approaching T2. Now for me, T2 is not a rigid target like T1 is, if I believe momentum is...
Another entry for you all in the public library Crypto-Sticks series. More STILL to come! What I particularly love is these indicators give you an added 3rd dimension to viewing them otherwise. You can see how much fluctuation occurred, get better divergence signals, find higher/lower extremes, and use in combination for secondary confirmation!
Here's an example...
Results when I used 2 averaged lines to buy and sell at the crosspoints, little noisy atm, results are from 3 ETH, NO LEVERAGING! :D Still working on limiting noise, buy a VERY effective indicator nonetheless!
Most likely will have a big come up to fake out bulls, true bottom is still yet to come. Partially because of main institutional investors still being hesitant to fully enter the game.
Lowest Bottom Possible: $5,250
High Before Bear Run : $6,350-6,400
Just my take :)
So far, I’ve focused on how to get into the market based on the DMI swap in dominance between the +DI and -DI. Once you’re in or if you missed the original entry, how can you get into a trend while minimizing your risk. As I’ve noted before, I’ve not been able to successfully trade on a regular basis but my hope is to use everything I’m documenting here to...
Continuing with using the ADX/DMI on a daily chart to trigger a trade with the 4 hour chart to refine the entry, I’ve marked up the recent BTCUSD action similar to the wheat chart in previous article. As you can see from the daily chart, price dropped on the 4th causing the DI’s to swap dominance on the DMI. With the ADX still above 25, this could be viewed as a...
Setting up a trade based on daily signal using 4 hour chart for timing.
In this scenario, the daily chart had its ADX below 20 since July 3rd. When trading with DMI/ADX, periods of breakout after the ADX has been below 20 for at least 7-10 periods can provide good results. In this case, the 4 hour chart had dropped below 20 for an extended period too.
In my first article, I provided a summary of the tools I’m using plus links to some good material that gives more in-depth details of each. As I go through each concept, I’ll refer to the 3 time frames that I will use in determining a trade.
• Weekly: to get the overall bias of the market
• Daily: to identify a day to take a trade or to setup a trade
• 4 hour: ...
I’m not a successful trader. I was fortunate (?) to have a father introduce me to trading futures when I was ~12 in the early/mid 70’s (he created a study guide and sat me and my 2 older sisters down at the kitchen table to review it weekly). I was ‘successful’ in the mid/late 80’s but that too went away as did the desire, time and money to continue. 4 years...
As you can see we have continued our way printing that nice thicc inverse head and shoulders. We had little bit of a run up yesterday and suddenly the media sentiment shifted.
DONT GET CAUGHT UP IN THE HEADLINES.
Apple will not save you, Boeing will not save you, the fed will not save you.
The top has blown off. Dont pay attention to the bull trap!