In this video, I am going to back test OIL on the 4 h chart! An interesting reversal signal was printed!
A total of 9 signals, two were losers and the rest price hit profit target nicely.
I used 1 :6 atr multiplier, but when there is a Reversal signal, this R:R will automatically be set to 1.5 : 15 atr multiplier.
In this video, I am going to backtest the Sell indicator that I have created especially for BITCOIN. This will be on the 8H timeframe.
If you wish to see using the other indicators on lower timeframe, then please check the link below where I use the indicator to scalp bitcoin on the 15minutes timeframe.
In this video, I am going to backtest my indicators' signals by scalping Bitcoin.
My indicators work best on higher timeframes and they have quite high win rate more than 85%. However this time, I am going to do something different by applying my indicator on Bitcoin the 15 minutes chart. I will go back couple of back in time and start replay mode. So let's get to it!!
Another video demonstrating the backtesting of the signals from Jan 2021!
First my target was set to 1 : 9 ATR profit multiplier,, in this case I have noticed that after the signal is printed, price will go into my direction but then reverse before hitting my target. so I had a couple of losing trades because of far profit target, however, when a couple of...
In this video, I will go back to the beginning of the year and back test all the signals that were printed on the 4h timeframe.
No matter what market conditions are will follow a set of rules to where I set my stop loss and my profit target.
To make it easier for me, I have code both stop and profit levels into my indictors which will be printed automatically with...
I have been monitoring NZDCAD and NZDCHF the last couple of weeks and as you can see, all signs indicates the uptrend has reached exhaustion level. Stochastics and RSI aare way overbought, plus both pairs have been going up in a steep manner. As expected, the long waited sell signal was just printed and I thought of sharing that with you! :)
So im waiting the signal for BUY to be printed, but that will take another 4 hours candle to close. But im confident about going long already here so to catch the move from the bottom on the third touch of the trend line ( the best location for an entry). The more touches the trendline has, the weaker it gets.
PS. I will update this later today with a picture of...
EURNZD was falling like crazy the last month, and I believe this move down is reaching exhaustion level.
Europe gonna take revenge from NZD and respond harshly! :)
so the lime dash is where your stoploss should be placed. First target is the key level 1(the white line), expect then a retracement and then continuation to the upside.
A potential long opportunity is coming on EURCAD. This pair is still bullish from the HTF perspective, and has a lot of room to push higher still.
Waiting for the retracement to be done so I could enter when one of the setups present itself, hopefully I will get the XBL or setup29 (my favourite bullish setups). Usually I would get alerted to prepare for the buy...
So you guessed it from the title, Do you think that this decade-long downtrend is reaching exhaustion level? AUDNZD is in a downtrend since March 2011.
All signs so far indicating a yes, As NZD is getting weaker while AUD is slowly gaining strength.
On stochastic RSI: D & K values on the weekly chart are in a complete flat mode = 0 , This rarely happens on a...
A nice potential shorting opportunity is presenting itself on AUDCAD. The signal is already printed, but we enter when it retraces 2 candles back with a sell limit order, stoploss loss should be placed where the dash printed above the signal. This is calculated by taking the highest high from the last 5 bars and then adding it to 1 * atr. Once price has moved 1...
As expected price retraced all the way back to where it all started after the impulsive breakout of the long term rising wedge. A potential sell opportunity is being printed at the moment, the signal is already printed and its quite accurate :) but we need that yellow line to be broken impulsively to the downside to confirm the sell signal. If price got rejected...
GBPAUD has been in an abnormal rising manner, that is way too extended for a bull without a proper retracement.
I guess this pair is due to some retracement, considering the divergences between RSI and price, the number of overbought bars exceeded the usual plus the negatively corrolated pair EURGBP has taken off finally after a nerve wreking reversal.
In this video, I show my most recent indicator that I have created which spots reversal zones based on stochastic RSI indicator combined with MACD indicator.
Potential buy zones are indicated with green columns printed on the chart, and sell zones are in red. a signal is more powerful and accurate whenever its surrounded by black bars before or after.
A nice opportunity to buy GOLD, gold is reaching a critical support area of the long term channel, which is currently being rejected with a long wick on the make.
A good buy around 1735.
ps. this analysis fails if price breaks the channel and closes below its support line.