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 :)
Substantial divergence between absolute price and TSI values over a sustained period. This would seem to support a price directional shift.
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. On July...
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...
1. Trend Shift Indicator did nicely with the last divergence (see lighter green lines) 2. TSI again showing divergence. 3. Lets look to see how this plays out.
1. TSI divergence (mild) 2. Low short term beta 3. Not particularly bullish on the stock generally, but curious about a short term move.
While post-earnings green, TSI indicates further momentum, also crossing against benchmarks.
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! Keep...
Let's see if this idea can work with BITFINEX:ETHUSD Oversold since 88 days down 68% from ATH ($1,431.77)
Volatility is back bitches. We have seen more 1% swings since the beginning of 2018 than we saw all of last year! While that may be scurry if ur managing portfolios, its exactly what I love to see. More swings, more opportunitys, more trades, more profit. But lets jump into the chart shall we. The big thing we see here is a big PHAT double top. And whenever we...
Using 1day-Bollinger Bands (BB,20,3) and SMI Ergodic Indicator (well, basically both are price based as SMI_Ergodic is based on True Strength Index) for BTCUSD and adding a rough extrapolation (using data from Jan-Jun, 2014) -> I think that BTC might be zigzagging in the roughly-hand-drawn channel (upper: red, lower: green). This is NOT a trading advise, just a...
Here we have the BTCUSD 1w MACD and 1w TSI. Chart talks for itself, based on this, I think, the current correction/downtrend might take months/years. I have no idea how long, but last time, it lasted from 27th of Jan, 2014 -> 12th of Oct, 2015. This is neither a trading advise, nor a prediction, just a simple opinion from a non-pro. Comments/criticism...
OLED recently experienced a sharp reversion. Trend Shift Indicator is showing signs of a potential buy indication (green over red) This shift is an EARLY signal. Wait for confirmation (TSI filled in green, or using the strategy version overt buy signal) Check the TSI strategy profit factor for OLED
pullback no major shifts re fundamentals. pe still high but stock got its breather via tech spell broadening TSI
Despite some recent weakness, CRM is again firmly planted in upward momentum as indicated by TSI (Trend Shift Indicator). TSI: