ETH/USD 2H. Price action is making higher lows, while the RSI is making lower lows = Hidden Bullish Divergence. ETH is also sitting right where I'd like to see it in the Donchian Channel for a Bullish move...That's only if it stops dropping like rock, which is currently what it's doing. No confirmations yet, but might be somthin to keep an eye on.
TRYJPY is moving upward since the beginning of Sep-18. LONG ENTRY at 20.86 12-Nov-2018 STOP at 19.96 R1 at 21.82 R2 at 22.75 R3 at 23.69
ETC/ETH has bounced back with a vengeance, rapidly approaching the 90 day high (ETH 0.09). At this rate, the price momentum has great chances of pushing ETC past the 90 day high. Should the 90 day high be breached, I expect the next major resistance would be around the 9 month high (ETH 0.190). Taking profits close to the 9 month high resistance (ETH 0.175 -...
A Donchian Channel divided in five zones, blue up trend zone, gray ranging zone, orange down trend zone
$EGLT Daily Chart - EGLT repeatedly rides down the Donchian Channel and slingshots upwards once the channel flattens. Appears to be that time of year - and a good sign for those who have been bag holding since FDA approval earlier this month. Uptrend in StochRSI & CCI support the reversal. Williams VixFix indicator also indicates we've reached a bottom!
We just tested a support that started with brexit and continued with last low, and ever since we have been doing monthly higher highs and higher lows as described by the Donchian channels. Additional to that, last two dailies made a double bottom and DXY today showed clear new trend. This idea is as simple as it can be and is the very same definition of an...
Go short the CHFJPY currency pair if it trades at 127.09 or lower. If triggered, place your stop at 131.26 and exit the position for a profit at 119.80 or at your own discretion. (Signals are valid until price close above the middle channel. Always invest wisely).
Go short the EURGBP currency pair if it trades at .7156 or lower. If triggered, place your stop at .7227 and exit the position for a profit at .7099 or .6996 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely). Coming soon rules for this Simple Trading Strategies – Donchian Channels #1
Go long the USDJPY currency pair if it trades at 123.25 or higher. If triggered, place your stop at 122.44 and exit the position for a profit at 123.85 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely). Coming soon rules for this Simple Trading Strategies Donchian Channels #3 Watch and subscribed to video: www.youtube.com
Using Donchian Channel boundaries for stop loss and entries. The trajectory still appears to be downward, but the lower channel boundary is the level of the recent March 2 opening candle shadow (inventory reversal) - usually when it goes lower than this level, it's a strong entry, provided the indicators aren't too oversold.
Was waiting for the uptrend to regain steam again. Previous resistance of 95.40 is broken. If the 96.35 level also breaks I will enter a new long position. Comments/tips are appreciated.
The chart has been at the upper donchian channel recently indicating the chart is bullish. A trailing stop or alert to examine the position for next steps could be when it reaches the lower channel after an extended run.
If euro/jpy breaks the 134 resistance it has completed an ABC structure within the donchian channel. Below 134 target is length of the AB leg. Bit risky with al the euro / Greek news now. If the 134 does hold I'll go long and target 135.66 Update: Due to Euro news indeed euro bounced back up significantly. Made a loss on this trade.
The UK has its inflation report next week. I personally think Core inflation will come in lower. Headline inflation is forecastedto rise suggesting that demand for basic goods and services are not as strong as the BoE will have us believe. The Dollar continues to rise. NFP gave the USD a big boost on Friday and the FED remains on course to hike rates this year.
Why geometry works with numbers ... well, I could show you some of the stuff I have been working on, and numbers... regardless as how random or linear they may seem, have value associated.... sort of like Karma. Guessing when your going to get your Karma, is Forex ... a fickle bitch. The chink in this armor, is pretty straightforward... follow the trend. Guessing...