Using a modified Heiken Ashi system whereby one enters long or short at the next bar based on the body of the previous completed bar, even if it is a doji. A more traditional HA strategy takes a directional position following a trending candle. This modified strategy is more aggressive and more mechanical meaning one does not perform a full analysis of the...
Hardly anyone looks at the Australian 200. It is one of the best indices to short.
The Aussies strangely went north at open of their market last night - when the rest of the world's indices were burning down. There is usually a significant lag between the AUS200 and the other indices, which I decided to exploit.
This morning 08:30AM 2020-04-01 it's struggling...
Well, this is one to watch. This is a 30 min trend following setup. There are no targets.
NOTE: only about 20% of all traders are true trend-followers. Trend following is very difficult and far more risky than other forms of trading. There are serious losses involved if anyone follows this developing trend. You have been warned.
Publishing this chart mainly because I haven't yet found a way (on the Pro plan) to save all my charts.
Spending time studying and revising charts only to have tradingview 'forget' them whenever a browser tab refreshes or reopens is quite frustrating!
Anyway, I bought AMD on both bad news / rumours and a bad day for the markets generally (trade war Yuan...
Zooming out, we can see a previous channel being respected.
Interesting indicator, the MA ribbon. I'm researching trend following lately, and this seems like a nice way to get a bigger picture, timing longer timeframe entry and exit points.
Entry / exit is not everything of course.
Full disclaimer, I am a hobby trader, self-taught, only a couple of months in etc...
US OIL has been in a 2 Hour trend south. The position is still ripe for shorting but only with acceptable risk management and controls. There is a very deceptive RSI hogging the trenches which will be scary. I show how even in a bear market it's possible to exploit going long. In other words if you know what you're doing there's money to be made both ways. No...
We have seen a 200 SMA golden cross on both the Orange 50 SMA and Green 50 EMA.
Price action broke out of the ascending triangle at 1100 sats. This support was retested subsequently and failed to break. We see a bullish engulfing on the 4hr follow through with a higher close on the subsequent candle. There is are bearish pinbars present with no follow through...
GBPAUD has retreated from a major breakout north down to a key ATR support level. This creates probability for the north. But caution - for every probability estimate in one direction there is a residual probability in the opposite direction.
I'm analysing what I see on the chart of EURCHF (a pair that I do not trade). Overall there is much bearish pressure for the south coming from higher time frames. This presents much risk lower down the road. But all that matters is how loss is controlled, when trading between 15 min to 4H (for example). Lower time frames oscillate within envelopes of higher time...
This is a classic example of who trend indicators can be used to exploit the markets. Many were simply watching structure levels largely - hoping for GBP to move south. The charts were flashing 'go north' on daily and 4H time frames. Then emerged the opportunities on 30 min to 1H time frames as it pumped north. This is not with the benefit of hindsight? Why?...
Well, well - Ethereum and Bitcoin have left many speechless in the last 24 hours. The unthinkable just happened i.e. major pump north. I could well be another dead-cat bounce as well as it could be the start of a major trend change. I explain how I entered this, which is now at a no-loss position and what my strategy for it is.
After the series of lower highes and lower lowes as the sign of bear taking over potential to get to the short trade.
Entry from the retracement based on consecutive series of bearish candles.
Target based on last support.
Stop loss wider in order to provide the space in case of need.
Despite larger stop loss still decent risk/rewards opportunity.
I'm showing mainly for the benefit of new traders why I've done what I've done. This trade is on both paper and live accounts.
Note that I'm not saying I'm gonna win. I aim to lose! I'm simply controlling my loss, and allowing the market to lead me wherever it will, in my favoured probabilistic direction.
Trend-following is not for everybody. In fact,...
Monthly EMA's still showing to be bullish as well as the general uptrend.
Price decelerating near support @960.
- Visibly oscillating
- Pull-back phase of general trend
- Price at S/R level
There is no trend in the market and the price is in a range bound, but we forecast the beginning of uptrend.
There is a divergence in RSI and price between the trough at 1.3205 on 2018-05-29 and the trough at 1.2955 on 2018-07-19, the probability of downtrend continuation is decreased and the probability of beginning of...
New trading suggestion:
*The price is in a downtrend and we forecast the downtrend would continue.
*There is still a possibility of temporary retracement to suggested resistance line(0.6820). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Signal to enter the market occurs when the price comes to ...