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DASHUSD 1D RANGE TRADINGRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
BINANCE:DASHUSD
by Tradingstrategyguides
LITE CRUDE OIL FUTURES 1DRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYMEX:CL1!
by Tradingstrategyguides
1
MNKD 1D ASCENDING TRIANGLE BREAKOUT LONGAscending Triangles are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:MNKDLong
by Tradingstrategyguides
S&P 500 INDEX INTRADY TRADING STRATEGYSee the previous S&P 500 Index Post for day trading rules and setups. TIPS FOR INTRADAY TRADING S&P. If you have a 9 to 5 job and you only have an hour to trade per day you can use our day trading S&P 500 strategy. Ideally, the S&P 500 day traders will be trading based on trading strategies that take a short amount of time. Now, because the market structure is fractal in nature, we can use the same S&P trading strategy for day trading. However, we’re going to add a simple trading trick. Day Chart In Up-trends price has the tendency to stay glued to the 3 sma high. In Down-trends price has the tendency to stay glued to the 3 sma low. If you pay close attention to the price action relationship with the 3-period SMA, you will notice two things: During strong uptrends, the price has the tendency to stay glued to the 3-SMA high. During strong downtrends, the price has the tendency to stay glued to the 3-SMA low. With that in mind, we can now develop a very successful day trading S&P strategy. The entry and exit rules are the same, but to avoid the inherent intraday noise we’re only going to use the daily chart as a filter as follows: When the daily chart shows price glued to the 3-SMA high, we’re going to switch to the 15 minute time frame and only take long trades. Remember that you need to exercise discipline and develop a successful daily routine that can fit into your schedule. Final Words – S&P Trading System In summary, the S&P trading strategy is a trend-dependent strategy that can ride both bullish markets and bearish markets. If you’re an aspiring trader you can use our day trading S&P 500 strategy and take advantage of the intra-day volatility. To summarize, the S&P trading strategy has two main advantages: The daily volatility that appeals to traders. Broader exposure to the US stock market. Don’t forget you can always use the S&P trading system with other markets (stocks, commodities, currencies, and cryptocurrencies) just make sure you manage your risk and keep losses at a minimum. Last but not least, protect yourself and use a proper risk management strategy. Thank you for reading!
TVC:SPXEducation
by Tradingstrategyguides
S&P 500 INDEX DAY TRADING STRATEGYWHY TRADE S&P 500 INDEX? Off the bat, you need to know that the S&P index moves a lot. In other words, the S&P 500 volatility is high. In the stock market, we have something called the VIX, which measures the implied volatility (expectation of future volatility) of the S&P 500 Index options. For those of you who don’t know what’s VIX trading just search for "How to Trade VIX Strategies– Wall Street’s Fear Index." Higher S&P trading volatility means more trading opportunities for you. If you are a relatively risk-tolerant trader, exploring the stock market can be very profitable. You’re going to have price movements that are way far and beyond what you see in the Forex currency market. Secondly, trading the S&P 500 will give you diversified exposure to the entire US stock market. Rather than simply owning one single stock that might or might not perform well, the S&P 500 index will give you exposure to 500 large-cap US companies. Your performance won’t be tight to the performance of one single stock, so you can increase the chances of making a profit. If you want to trade the US stock indices you need to know when is the best time to trade the S&P 500. In other words, we’ll examine what are the most volatile S&P 500 trading hours. WHEN TO TRADE THE S&P 500? The best time to trade the S&P 500 index is when the US session begins because that’s when the trading volume is the highest. The US day trading futures market opens at 9:30 US EST. As you'll find while trading with every market, the S&P 500 price vibrates its own unique way. If you’re a day trader, you might wonder: When is the best time to trade S&P 500? The best times to trade SPX is during the hours with the highest volume: Between 9:30 AM – 11:00 AM EST, the US stock market officially opens which overlaps with the last 1.5 hours of European trading. Between 2:00 PM – 4:00 PM EST prior to the stock market close the professional trading activity increases again. Usually, those are the most liquid hour of SPX trading. As a “consequence” of higher liquidity, the S&P 500 buy and sell spreads are much tighter during this time window. To verify if this is true, check out the 15-minute chart with an 8-period ATR (Average True Range). This will measure the average range of a 2-hour period. We must ensure that we use the best S&P 500 trading platform. WHAT'S THE BEST S&P 500 TRADING PLATFORM? In this section, we’re going to reveal what is the best futures trading strategies software platform. First, it’s important to know that you can start trading the S&P 500 index with multiple financial products like: Futures. Options. Exchange-Traded Funds (ETFs). Investment Funds. Contracts for Difference (CFDs). Spread trading. So depending on the financial instrument used and your preferred broker you can trade the S&P 500 on the following trading platforms: TradeStation – low commission trading platform. Thinkorswim – best for options trading. E*Trade – most trusted futures trading platform. TD Ameritrade – best desktop platform. Interactive Brokers TWS – best for professional traders. MetaTrader 4 trading strategies, MetaTrader 5 and cTrader – best for retail traders. Once you have decided which trading platform suits better your trading style, let’s see your guide to trade SP 500. HOW TO TRADE THE S&P 500? We’re going to outline few trading instructions to keep in mind when trading S&P 500 index. Even when it seems like the S&P 500 price seems like consolidating, the same level of choppiness you see with Forex trading won’t occur that often with the US stock indices. Under this circumstance, if you want to learn how to trade the S&P 500 index, you kind of know-how to trade in volatile markets. If you want to learn more about volatility trading, please check out on the internet: Volatility trading strategy - Profit Without Forecasting Price Direction. You can trade the US indices via: Contracts for Difference (CFDs) which tracks the price movement of the underlying instrument. If the S&P 500 price is going up the CFD contract will rise and vice versa. Exchange-Traded Funds (ETFs) which is even better. The biggest and most heavily traded ETF in the world is the SPDR S&P 500 ETF Trust Fund also known as the SPY. For small investors, it’s better to trade the S&P 500 index via ETFs or CFDs due to the use of leverage. When trading SPDR S&P 500 ETF, traders can go both long and short. So, you can profit even when the market goes down. Now, we’re going to share with you our favorite S&P trading strategy. S&P TRADING STRATEGY Having a systematic methodology for trading the SPX is of utmost importance. Over the long run, the S&P 500 index has the tendency to gradually climb and every once in a while we get sharp sell-offs that can lead to stock market recessions. And the process repeats all over again, due to the fractal trading nature of the S&P 500 price. Now, what’s the main takeaway. If your answer is: “It’s more profitable to buy and hold the S&P 500 index, you’re right.” Did you know that if you bought the S&P 500 index at the close of each trading session and took a profit at the next open, you could have gained 13.3 percent return in 2019. This means you could have singlehandedly outperformed many of Wall Street's most respected hedge funds. Note* This S&P trading strategy would have given you 3 wins and 1 loss if traded over the past 4 trading sessions. However, this S&P trading strategy doesn’t have any strong backing to suggest it will work in the coming years. That’s why we need to develop an S&P best trading system with more consistency that can work year after year. So, do you want to learn a simple and timeless way to trade the S&P 500 successfully? With that in mind here is a profitable S&P trading strategy. First, let’s lay down the things needed to trade successfully the S&P trading strategy: 3-period SMA (simple moving average strategy) calculated using the low prices 3-period SMA (simple moving average) calculated using the high prices Note* The S&P price will be confined between the 2 moving averages 85% of the time. Here are the entry and exit rules of the S&P trading system: Buy at the 3-SMA low and exit your trade at the 3-SMA high. For selling is the opposite: sell at 3-SMA high and exit your trade at the 3-SMA low. The stop loss placement is above/below the 3-SMA low/3-SMA high. Now, to add more confluence for our S&P 500 trading signals, we’re going to add one more element: We’re only going to buy when we touch the 3-SMA low if both moving averages are stretching to the upside. Conversely, we’re only going to sell when we touch the 3-SMA high if both moving averages are stretching to the downside. As you can tell this S&P 500 trading strategy is a trend following strategy that takes advantage of the small price retracement.
TVC:SPXEducation
by Tradingstrategyguides
1
TESLA 1D TRIANGLE BULLISH BREAKOUTTriangles are repeatable trading chart patterns. Triangles are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:TSLALong
by Tradingstrategyguides
USDCAD 1D BULL FLAG LONG TRADEBull Flags are a form of Range Patterns and are repeatable trading chart patterns. Bull Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Long
by Tradingstrategyguides
2
AMRX 1D RANGE TRADESRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
A
by Tradingstrategyguides
XBTUSD 1d macro-analysisLooks like we're going to suffer a 300usd range as we near this triangle's apex. Should breakout in around 15days, expect the range to contract as we near the apex. It's a bear flag but the overall structure since May is bullish so I reckon we will break to the upside sometime mid October. Could dip below and hit the major trend-line, that is a hard-buy zone. Compared to the prior triangle this one is slightly smaller and by that logic the breakout should be less volatile. I posted my long-setup earlier and I'm still sticking to it. If you like my analysis please give it a thumbs-up and give me a follow. Regards, cept0r
BITMEX:BTCUSD.PLong
by Zkrilla
3
AUDCHF 1D RANGE TRADESRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
by Tradingstrategyguides
NIO 1D ASCENDING TRIANGLE BREAKOUT LONG TRADEAscending Triangles are repeatable trading chart patterns. Ascending chart patterns will have a directional bias (Long Trade) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:NIOLong
by Tradingstrategyguides
1
BTCUSD 1D TRIANGLE BREAKOUTTriangles are repeatable trading chart patterns. Triangles are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
BITSTAMP:BTCUSD
by Tradingstrategyguides
5
BYND 1D RANGE TRADINGRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:BYND
by Tradingstrategyguides
AUDCAD 1D ASCENDING TRIANGLEAscending TriangleS are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Long
by Tradingstrategyguides